February 2024 - cypherpunks@lists.ogf.org

Re: Memo #3 - Goldman Sachs Deferred Prosecution Agreement
by Gunnar Larson 21 Feb '24

21 Feb '24

https://docs.google.com/document/d/1QFZ2sFXx1cSYRcZTOGdPelZbVtuhpHuCKk011Uz… February 21, 2022 BY ELECTRONIC MAIL Mr. John Marzulli United States Department of Justice Eastern District of New York 271 Cadman Plaza East Brooklyn New York, 11201 John.Marzulli(a)usdoj.gov Re: Memo #3 - Goldman Sachs Deferred Prosecution Agreement <https://www.justice.gov/criminal-fraud/file/1329926/download> Dear Mr. Marzulli: The Department of Justice has yet to respond to Memo #1 <https://docs.google.com/document/d/1OsxfjN3TUepftKklopkQDSMwFWstWozuku4IPPu…> and Memo #2 <https://docs.google.com/document/d/10BYgCtCf9F7A4YnhN792cTBU6P-pfdaOg0UTRbt…> with our recent inquiry to the 1Malaysia Development Berhad Deferred Agreement. Goldman Sachs' Deferred Prosecution Agreement <https://www.justice.gov/usao-edny/pr/goldman-sachs-resolves-foreign-bribery…> with the United States of America is in potential breach, with ethical enforcement being concerned. Memo #3 <https://docs.google.com/document/d/1QFZ2sFXx1cSYRcZTOGdPelZbVtuhpHuCKk011Uz…> aims to associate malfeasance with Marketplace Manipulation. The 2021 Apple Card Investigation What would Steve Jobs say? xNY.io - Bank.org feels this is one part of a broader discussion we must have about equal credit access. Corruption occurs when the private search for economic advantage and personal advancement clashes with laws and norms that condemn such behavior. Further complicating the picture, some illegal corrupt transactions drain public resources away from education, health care, and effective infrastructure—the kinds of investments that can improve economic performance and raise living standards for all. The cost of corruption is greater than the sum of lost money. Distortions in spending priorities undermine the ability of the state to promote sustainable and inclusive growth. This is possible in a framework already characterized by weak law that creates both a certain alteration of the rules of the market and perverse dynamics distorting the economy and inhibiting free competition. - Goldman Sachs has a history of poor ethical stewardship, at the global level. Similarly, New York's former Governor Andrew Cuomo and NY-DFS Superintendent Linda Lacewell are now world famous for women's rights. - On March 23, 2021, Lacewell published NY-DFS' Findings on Apple Card and its Underwriter Goldman Sachs Bank. Former Superintendent of NY-DFS, Ms. Linda Lacewell's stone faced propaganda assured that Apple Card did not discriminate against women, while under Goldman Sachs management. - The red flags started to appear when an authorized user drew attention to the following: A person who relies on a spouse's access to credit, and only accesses those accounts as an authorized user, may incorrectly believe they have the same credit profile as the spouse. - xNY.io - Bank.org recently collated 61 highlights <https://drive.google.com/file/d/1xH16OKyuXzB-MVqIznMWDE9w8RRdmZCw/view> to the Report on Apple Card Investigation from March 2021. Mr. Marzulli, the Apple Card investigation was to assess women's access to equitable finance. March 2021 also saw New York State Attorney General Letitia James' formal green light to launch an independent investigation <https://nypost.com/2021/02/27/second-woman-accuses-gov-andrew-cuomo-of-sexu…> into sexual harassment allegations Lodged against Gov. Andrew Cuomo. Lacewell's legacy is authoring reports disparaging women. The integrity of the Apple Card investigation must be rationally considered as flawed. Likewise, Goldman Sach has a history of unethical posturing on matters specific to women and girls (via global regulatory arbitrage structures). 1. Mr. Marzulli, Peter Oppenheimer is Apple's former CFO and in 2014 joined Goldman Sachs' board of directors and serves on key committees such as Audit (Chair), Governance, Risk. 2. There is no logical reason for Apple to trust the Apple Card Report and Apple’s former CFO is well aware of the legacy of Goldman's unethical antics and regulatory arbitrage frameworks that take advantage of the world's most vulnerable populations. 3. Mr Marzulli, at the very least, it is now clear that New York’s former Superintendent is famous for publishing reports that disperage women. Given the obvious logical factors at play, it may appear that elements of the Deferred Agreement may have been ignored in the facts, figures and assessment of impact on women and girls concerning the Apple Card Report under the former Superintendent. We seek DOJ guidance on the Apple Card Report as a marketplace manipulation instrument. Next, Memo #3, will explore our organization’s management analysis of marketplace manipulation partnering with MoneyGram and Ripple. United States and Africa Marketplace Manipulation Instruments xNY.io - Bank.org feels this is one part of a broader discussion of marketplace manipulation architectures operating from lower Manhattan that potentially function as a cross-border regulatory arbitrage banking operation in the United States and Africa. - MoneyGram, which has about 227,000 global money transfer agent locations in 191 countries and territories, was recapitalized in 2008 (same year as Bitcoin's whitepaper <https://www.ussc.gov/sites/default/files/pdf/training/annual-national-train…> ). - Walmart is the only MoneyGram agent, for both the Global Funds Transfer and Financial Paper Products segments, that accounts for more than 10% of revenue. In 2020, Walmart accounted for 13% of total MoneyGram’s revenue and 16% in 2019 and 2018. - Goldman Sachs acquired an equity interest of 63 percent in MoneyGram for about $710 million. Per the 2008 agreement, MoneyGram also received $500 million in debt financing from Goldman Sachs (Cordeiro 2011) <https://sciwheel.com/work/citation?ids=10952410&pre=&suf=&sa=0>. - Goldman Sachs as a MoneyGram investor has a Participation Agreement with Walmart Inc. under which the Investor is obligated to pay Walmart certain percentages of any accumulated cash payments received by the Investor in excess of the Investor's original investment in the Company (MONEYGRAM INTERNATIONAL INC 2021) <https://sciwheel.com/work/citation?ids=10952491&pre=&suf=&sa=0>. - In 2016, Ripple received New York’s First NY-DFS BitLicense for an Institutional Use Case of Digital Assets (Larsen 2016) <https://sciwheel.com/work/citation?ids=10953308&pre=&suf=&sa=0>. Shortly after being NY-DFS accredited, Ripple announced it was teaming up with MoneyGram to test payments using Ripple’s xRP virtual currency. During this time, Ripple was making headlines as the xRP digital currency had surged — and fallen — dramatically (Browne 2018) <https://sciwheel.com/work/citation?ids=10953324&pre=&suf=&sa=0>. Soon after, Ripple announced a $50 million investment in MoneyGram snagging a 10% equity stake in the firm. Brad Garlinghouse, Ripple’s CEO, added that his firm would support MoneyGram’s “further expansion” into the European and Australian payment corridors (De 2019) <https://sciwheel.com/work/citation?ids=10953333&pre=&suf=&sa=0>. Connecting the dots, MoneyGram is now one of the most expensive transfer providers (Tierney 2019) <https://sciwheel.com/work/citation?ids=10953437&pre=&suf=&sa=0> on planet Earth. Customers incur fees for postal mail, telephone calls, electronic mail, and other computerized messaging services. - Computer crimes as a threat is no less a threat because it is contingent, because the speaker does not intend or is unable to carry it out when the threat was not directly communicated to the MoneyGram customer as a target, or because the language used might be considered cryptic or ambiguously not part of the current New York BitLicense mandate. - Ripple simply made MoneyGram’s business more efficient, thus accruing more profits for Goldman Sachs directed out of Manhattan. - From 2019 - 2020, MoneyGram received more than $40 million in market development fees from Ripple Labs in return for providing liquidity to its On-Demand Liquidity (ODL) network. It can be calculated that 10%-15% of the proceeds came from Walmart customers, who are some of the most disenfranchised Americans financially. Over the last five years, through conscious organizational HR management, Goldman Sachs created layer upon layer of New York BitLicense-related disguises and cross-border systems under potential conspiracy and plausible deniability to computer crimes and marketplace manipulation. Goldman Sachs' various direct and/or indirect BitLicensee connections profit daily from virtual currency market manipulation computer crimes with cross-border reach, operating as a large syndicate group from lower Manhattan. New York banks have a long and profitable history of exploiting regulatory arbitrage. Similar to the MoneyGram instance, some evidence shows that Goldman Sachs also seems to have entered Africa. - What is astonishing is that Ripple is powering some of www.JUMO.World’s <http://www.jumo.world> bank customers (Ripple 2020) <https://sciwheel.com/work/citation?ids=10959408&pre=&suf=&sa=0>, in a troublesome manner similar to MoneyGram. - Given that several enforcement actions and lawsuits in the United States specifically targeted banks’ treatment of minority borrowers (Taibbi 2014 ) <https://sciwheel.com/work/citation?ids=10961062&pre=&suf=&sa=0>, it may not be surprising to learn of www.Jumo.World or “JUMO” (Buchak et al. 2017) <https://sciwheel.com/work/citation?ids=10956108&pre=&suf=&sa=0> - A domain extension, in this case “.World” domain, is the targeted subject area of a computer program. It is a term used in software engineering (Wikipedia 2021) <https://sciwheel.com/work/citation?ids=10968017&pre=&suf=&sa=0>: During the fourth quarter of 2018, JUMO successfully finalized a $65 million capital raise that was led by Goldman Sachs in New York. JUMO is a full technology software stack for building and running financial services, targeted at the world’s most disadvantaged populations. Today, JUMO operates across numerous African markets including Tanzania, Ghana, Zambia, Kenya, Uganda, and most recently in Pakistan, with plans to expand further across the sub-continent. 1. Since its launch in 2014, more than 15 million people have saved or borrowed on the JUMO platform, with over $1.6 billion in funds disbursed to customers. Nearly 70% of JUMO’s customers are micro and small business owners. 2. JUMO targets the unbanked population across several emerging and developing markets. A variety of JUMO’s partnerships with leading banks and mobile network operators creates a marketplace where consumers can access financial services and banks can access a new pool of mobile money customers (Vostok Emerging Finance Ltd 2020) <https://sciwheel.com/work/citation?ids=10955874&pre=&suf=&sa=0>. 3. Given the regulatory environment in Africa, it could be suggested that from New York, Goldman Sachs and Ripple’s organizational HR management structures once again aim to profit from some of the most vulnerable of the human population. Memo #1 <https://docs.google.com/document/d/1OsxfjN3TUepftKklopkQDSMwFWstWozuku4IPPu…>, Memo #2 <https://docs.google.com/document/d/10BYgCtCf9F7A4YnhN792cTBU6P-pfdaOg0UTRbt…> and Memo #3 <https://docs.google.com/document/d/1QFZ2sFXx1cSYRcZTOGdPelZbVtuhpHuCKk011Uz…> profile instances that correspond with potential breaches to the Deferred Agreement that are impacting our global enterprise. Finally, we have made 28 highlights to Deferred Agreement <https://drive.google.com/file/d/1Yx88RMoeLyyfbNK0RtPl4r-m8N21_1Sp/view?usp=…> as a reference resource tool. We are looking forward to learning more about the DOJ’s approach to assessing any potential breaches to the Deferred Agreement’s mandates. Respectfully yours with anticipation, Gunnar Larson - xNY.io <http://www.xny.io> | Bank.org <http://bank.org>MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454-9107

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Assassination of Malcolm X - was a popular figure during the civil rights movement, was shot multiple times and died from his wounds in Manhattan, New York City on February 21, 1965, at age 39.
by Gunnar Larson 21 Feb '24

21 Feb '24

https://en.m.wikipedia.org/wiki/Assassination_of_Malcolm_X Malcolm X <https://en.m.wikipedia.org/wiki/Malcolm_X>, an African American <https://en.m.wikipedia.org/wiki/African_American> Muslim <https://en.m.wikipedia.org/wiki/Islam_in_the_United_States> minister and human rights activist <https://en.m.wikipedia.org/wiki/Human_rights_activists> who was a popular figure during the civil rights movement <https://en.m.wikipedia.org/wiki/Civil_rights_movement>, was shot multiple times and died from his wounds <https://en.m.wikipedia.org/wiki/Gunshot_wound> in Manhattan <https://en.m.wikipedia.org/wiki/Manhattan>, New York City on February 21, 1965, at age 39. While preparing to address the Organization of Afro-American Unity <https://en.m.wikipedia.org/wiki/Organization_of_Afro-American_Unity> at the Audubon Ballroom <https://en.m.wikipedia.org/wiki/Audubon_Ballroom> in the neighborhood of Washington Heights <https://en.m.wikipedia.org/wiki/Washington_Heights,_Manhattan>, Malcolm X was shot multiple times and killed. Three members of the Nation of Islam <https://en.m.wikipedia.org/wiki/Nation_of_Islam>—Muhammad Abdul Aziz <https://en.m.wikipedia.org/wiki/Muhammad_Abdul_Aziz>, Khalil Islam, and Thomas Hagan <https://en.m.wikipedia.org/wiki/Thomas_Hagan>—were charged, tried, and convicted of the murder and given indeterminate life sentences, but in November 2021, Aziz and Islam were exonerated <https://en.m.wikipedia.org/wiki/Exoneration>. Speculation about the assassination and whether it was conceived or aided by leading or additional members of the Nation, or by law enforcement agencies, has persisted for decades after the shooting. The assassination was one of four major assassinations of the 1960s in the United States, coming two years after the assassination of John F. Kennedy in 1963, and three years before the assassinations of Martin Luther King Jr. and Robert F. Kennedy in 1968.[2]

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Malcolm X - On February 21, 1965, he was assassinated in New York City.
by Gunnar Larson 21 Feb '24

21 Feb '24

xNY.io - Bank.org Gunnar --- https://en.wikipedia.org/wiki/Malcolm_X Malcolm X (born Malcolm Little, later el-Hajj Malik el-Shabazz; May 19, 1925 – February 21, 1965) was an American Muslim minister and human rights activist who was a prominent figure during the civil rights movement. A spokesman for the Nation of Islam (NOI) until 1964, he was a vocal advocate for Black empowerment and the promotion of Islam within the Black community. A posthumous autobiography, on which he collaborated with Alex Haley, was published in 1965. Malcolm spent his adolescence living in a series of foster homes <https://en.m.wikipedia.org/wiki/Foster_home> or with relatives after his father's death and his mother's hospitalization. He committed various crimes, being sentenced to 8 to 10 years in prison in 1946 for larceny <https://en.m.wikipedia.org/wiki/Larceny> and burglary. In prison, he joined the Nation of Islam, adopting the name Malcolm X to symbolize his unknown African ancestral surname while discarding "the White slavemaster name <https://en.m.wikipedia.org/wiki/Slave_name> of 'Little'", and after his parole in 1952 quickly became one of the organization's most influential leaders. He was the public face of the organization for 12 years, advocating Black empowerment and separation of Black and White Americans <https://en.m.wikipedia.org/wiki/Black_separatism>, and criticizing Martin Luther King Jr. <https://en.m.wikipedia.org/wiki/Martin_Luther_King_Jr.> and the mainstream civil rights movement for its emphasis on nonviolence and racial integration <https://en.m.wikipedia.org/wiki/Racial_integration>. Malcolm X also expressed pride in some of the Nation's social welfare achievements, such as its free drug rehabilitation <https://en.m.wikipedia.org/wiki/Drug_rehabilitation> program. From the 1950s onward, Malcolm X was subjected to surveillance by the Federal Bureau of Investigation <https://en.m.wikipedia.org/wiki/Federal_Bureau_of_Investigation> (FBI). In the 1960s, Malcolm X began to grow disillusioned with the Nation of Islam, as well as with its leader, Elijah Muhammad <https://en.m.wikipedia.org/wiki/Elijah_Muhammad>. He subsequently embraced Sunni Islam <https://en.m.wikipedia.org/wiki/Sunni_Islam> and the civil rights movement after completing the Hajj <https://en.m.wikipedia.org/wiki/Hajj> to Mecca <https://en.m.wikipedia.org/wiki/Mecca> and became known as " el-Hajj <https://en.m.wikipedia.org/wiki/El-Hajj> Malik el-Shabazz," which roughly translates to "The Pilgrim Malcolm the Patriarch". After a brief period of travel across Africa, he publicly renounced the Nation of Islam and founded the Islamic Muslim Mosque, Inc. <https://en.m.wikipedia.org/wiki/Muslim_Mosque,_Inc.> (MMI) and the Pan-African <https://en.m.wikipedia.org/wiki/Pan-Africanism> Organization of Afro-American Unity <https://en.m.wikipedia.org/wiki/Organization_of_Afro-American_Unity> (OAAU). Throughout 1964, his conflict with the Nation of Islam intensified, and he was repeatedly sent death threats. On February 21, 1965, he was assassinated in New York City <https://en.m.wikipedia.org/wiki/Assassination_of_Malcolm_X>. Three Nation members were charged with the murder and given indeterminate life sentences <https://en.m.wikipedia.org/wiki/Life_imprisonment_in_the_United_States>; in 2021, two of the convictions were vacated. Speculation about the assassination and whether it was conceived or aided by leading or additional members of the Nation, or with law enforcement agencies, has persisted for decades. A controversial figure accused of preaching racism and violence, Malcolm X is also a widely celebrated figure within African American and Muslim American communities for his pursuit of racial justice. He was posthumously honored with Malcolm X Day <https://en.m.wikipedia.org/wiki/Malcolm_X_Day>, on which he is commemorated in various cities across the United States. Hundreds of streets and schools in the U.S. have been renamed in his honor, while the Audubon Ballroom <https://en.m.wikipedia.org/wiki/Audubon_Ballroom>, the site of his assassination, was partly redeveloped in 2005 to accommodate the Malcolm X and Dr. Betty Shabazz Memorial and Educational Center <https://en.m.wikipedia.org/wiki/Malcolm_X_and_Dr._Betty_Shabazz_Memorial_an…> .

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Fubo Wants Sports Giants' 'Unlawful' Streaming Plan Blocked
by Gunnar Larson 21 Feb '24

21 Feb '24

Fubo Wants Sports Giants' 'Unlawful' Streaming Plan Blocked <https://www.law360.com/mergersacquisitions/articles/1804831?nl_pk=a34c25b5-…> By Hailey Konnath The streaming company Fubo asked a New York federal court on Tuesday to block a joint venture under which ESPN, Fox and Warner Bros. Discovery would combine sports portfolios into one streaming app, claiming that the plan would harm competition and result in higher prices for consumers. Read full article » <https://www.law360.com/mergersacquisitions/articles/1804831?nl_pk=a34c25b5-…> | Save to favorites » <https://www.law360.com/mergersacquisitions/articles/1804831?nl_pk=a34c25b5-…>

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Epstein's Attorney, Accountant Accused Of Aiding Trafficking
by Gunnar Larson 21 Feb '24

21 Feb '24

Epstein's Attorney, Accountant Accused Of Aiding Trafficking <https://www.law360.com/banking/articles/1804780?nl_pk=feb6bbba-7878-4d39-be…> By Lauren Berg Two survivors of sexual predator Jeffrey Epstein claim his longtime lawyer and accountant played essential parts in the disgraced financier's sex trafficking enterprise by creating a complex financial infrastructure to keep the money flowing, according to a proposed class action filed in New York federal court. Complaint attached | Read full article » <https://www.law360.com/banking/articles/1804780?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1804780?nl_pk=feb6bbba-7878-4d39-be…>

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Ex-OCC Fintech Chief Won Over Top Brass Despite Red Flags
by Gunnar Larson 21 Feb '24

21 Feb '24

Ex-OCC Fintech Chief Won Over Top Brass Despite Red Flags <https://www.law360.com/banking/articles/1804772?nl_pk=feb6bbba-7878-4d39-be…> By Jon Hill The Office of the Comptroller of the Currency's onetime fintech chief who seemingly fabricated his professional background appears to have sailed through the hiring process at the agency, according to internal OCC communications obtained by Law360. Read full article » <https://www.law360.com/banking/articles/1804772?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1804772?nl_pk=feb6bbba-7878-4d39-be…>

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Space elevator - Wikipedia
by Gunnar Larson 21 Feb '24

21 Feb '24

https://en.wikipedia.org/wiki/Space_elevator A space elevator, also referred to as a space bridge, star ladder, and orbital lift, is a proposed type of planet-to-space transportation system,[1] often depicted in science fiction. The main component would be a cable (also called a tether) anchored to the surface and extending into space. An Earth-based space elevator cannot be constructed with a tall tower supported from below due to its immense weight—instead, it would consist of a cable with one end attached to the surface near the equator and the other end attached to a counterweight in space beyond geostationary orbit (35,786 km altitude). The competing forces of gravity, which is stronger at the lower end, and the upward centrifugal force, which is stronger at the upper end, would result in the cable being held up, under tension, and stationary over a single position on Earth. With the tether deployed, climbers (crawlers) could repeatedly climb up and down the tether by mechanical means, releasing their cargo to and from orbit.[2] The design would permit vehicles to travel directly between a planetary surface, such as the Earth's, and orbit, without the use of large rockets.

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Uber Failed To Prevent Driver Sex Assaults, MDL Suit Says
by Gunnar Larson 20 Feb '24

20 Feb '24

Uber Failed To Prevent Driver Sex Assaults, MDL Suit Says <https://www.law360.com/technology/articles/1803942?nl_pk=2bd720dd-746c-4744…> By Y. Peter Kang Uber has known for nearly a decade that its drivers were preying on and sexually assaulting passengers but failed to implement meaningful policies to prevent such crimes, according to a master complaint filed in multidistrict litigation in California federal court. Complaint attached | Read full article » <https://www.law360.com/technology/articles/1803942?nl_pk=2bd720dd-746c-4744…> | Save to favorites » <https://www.law360.com/technology/articles/1803942?nl_pk=2bd720dd-746c-4744…>

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Trump Campaign Slams Ex-Aide's Adult Survivor's Act Suit
by Gunnar Larson 20 Feb '24

20 Feb '24

Trump Campaign Slams Ex-Aide's Adult Survivor's Act Suit <https://www.law360.com/newyork/articles/1804098?nl_pk=ac5a3855-e47c-4403-be…> By Lauren Berg Donald Trump's presidential campaign asked a New York judge Friday to throw out a former aide's lawsuit alleging she was raped by her campaign supervisor, saying she can't revive time-barred claims under the Adult Survivor's Act because she isn't a New York resident and the alleged assault didn't happen there. Memorandum attached | Read full article » <https://www.law360.com/newyork/articles/1804098?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1804098?nl_pk=ac5a3855-e47c-4403-be…>

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FIRST PHOTO: Sam Bankman-Fried Photo at Metropolitan Detention Center, Brooklyn New York City
by Gunnar Larson 20 Feb '24

20 Feb '24

Star World has posted a photo, labeling it the first photo of Sam Bankman-Fried Photo at Metropolitan Detention Center, Brooklyn: https://www.instagram.com/p/C3jhipuOA1c/?igsh=MXg3NTZvYjF5MmhxZA==

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