Judge Lauck’s “Specific Findings of Fact that Okun was a Flight Risk”: If This Is True-Hidden Assets Must Exist

Norman’s Cay Cocaine Kingpin Carlos Lehder’s hideout courtesy cache.boston.com/…/10/05/1191605832_7450.jpg

After rereading the US Trustee’s Newsletter #6 a phrase struck me even though I read it a number of times. At the end of the newsletter in the last paragraph from Gerald McHale US Trustee for the Ed Okun case “Trustee Newsletter #6″:

“Edward Okun’s bail hearing was held on May 9, 2008 and Judge Lauck in the Eastern District of Virginia, the location of the criminal proceeding, denied bond and made specific findings of fact that Okun was a flight risk.”

“. . . specific findings of fact that Okun was a flight risk.”

What Can We Assume About The Judge’s Statement?

1. Ed’s “crying poor” plan, with nary a dime to his name, was an elaborate ruse to lull the court into thinking he was unable to run

2. Ed’s new court appointed attorney, usually reserved for people without any money, could be considered part of this ruse in order to persuade the court to free him on bond

3. If Ed were broke then why was his Miami attorney Rosenberg, who does not work for free, in Virginia during the bond hearing-that according to the “mystery caller”?

4. If Judge Lauck has proof that Okun is a flight risk then it is not difficult to deduce that there must be stolen funds hidden somewhere off shore or otherwise–you can’t escape the US Government on the cheap!

5. If Okun is a flight risk with hidden funds, it only makes sense that he would need accomplices in order to execute an escape plan–is the “mystery caller” such an accomplice? Hidden assets are not only monies but people willing to help or harbor an individual

6. The Bahamas, where Okun had his ill advised cash infusion smuggled, has been a notorious fugitive hideout for centuries having harbored Medillin Cartel heavyweight Carlos Lehder and international embezzler Robert Vesco

Sir Arthur Conan Doyle, Aristotle, Perry Mason: What Lies Beneath The Surface of The 1031 Tax Group Case?

Sir Arthur Conan Doyle the brilliant Scottish born Physician and creator of Sherlock Holmes utilized “Deductive Reasoning” to solve the unsolvable. Aristotle, the great Greek philosopher, utilized logic to become one of the most important founding figures in Western Philosophy. Perry Mason, a fictional television attorney, was a brilliant tactician with foresight and instinct.

What can we learn from these three figures, fictional and real, when applied to the Ed Okun 1031 Tax Group case?

Holmes

Sherlock would utilize Deductive Reasoning by taking the information in the case and then work from the general to the specific aka “Top-Down” approach.

Sherlock would begin with a theory about Ed Okun and his role in the 1031 Tax Group case. He would then deduce the information down into a “hypothesis” which he could test. Sherlock would then task Watson with remembering “observations” about Mr. Okun that would further address the hypothesis.

At this point “we are able to test the data a confirmation (or not) of our original theory.”

Analysis: Holmes would deduce that it is quite possible that hidden accomplices or a unknown “mastermind” may be behind the 1031 Tax Group case. With Watson’s constant nodding approval, Holmes could easily posit that “there is more than meets the eye here ole boy.”

Aristotle

Known as one of the father’s of Western Philosophy and founder of deductive reasoning, Aristotle’s greatest asset is his grounded belief in logic.

Aristotle would collect the facts, like Sergeant Friday, and logically eliminate what could not be proven. Working methodically, Aristotle would comb the financial records for connections that might shed light on Holmes deductive findings–unknown forces behind Mr. Okun.

Mason

With his hammer, detective Paul Drake, and his feather, the beautiful Della, Perry Mason would use his instinct to decipher the Okun mess. Is there a patsy, beside the investors, amongst the violators? Is Okun the front man or fall guy?

If nobody else exists in the Okun mess and he is the sole violator then why are there not more monies left over? Did this one man actually spend every last dime, pinch every last nickel from over blown refinanced properties, and did it all land in his lap as a result?

Your guess is as good as mine. Suffice it to say that there are many unanswered questions that may never come out let alone be answered. Like the old radio show only “The Shadow” knows.

Okun Attorney To Miami Herald: “Ed Is Confident He Will Be Proven Innocent In A Court of Law”

 Reuters.com published this article March 20, 2008

“Miami businessman Okun arrested in fraud scheme” is the Miami Herald’s Dan Christensen’s wonderful, succinct description of the events of the Ed Okun saga as it unfolds. Although most of the article is a recapitulation of information, some of the following passages paint a picture of recent events.

According to Okun attorney Rosen: ”He (Okun) was arrested early this morning by federal agents who came to his house while he was having breakfast with his wife and two-year-old child.”

Analysis: Mr. Rosen’s description of Mr. Okun’s arrest in front of Mr. Okun’s child is an obvious attempt to seek sympathy in the court of public opinion.

What about the unknown number of children who are sitting with their parents around a breakfast table trying to figure out what to do to make ends meet in the everyday real world?

What we know:

1. “Okun is being held without bond at Miami’s Federal Detention Center, according to his Coral Gables lawyer Michael Rosen.”

2. “Okun told The Miami Herald in December that his actions have been misunderstood.”

3. “More than a dozen alleged victims live in Florida, and include retirees, businessmen and even a former Broward Sheriff’s detention deputy.

4. The Miami Herald claims that Rosen will attempt to seek bail for Mr. Okun in Virginia

Analysis: Having lived in Virginia for 7 years, being told by natives that it is the northern part of the south, and witnessing the staunch very real conservatism the state supported–good luck

5. The “Simone” Factor: “The indictment says Okun had an employee overnight $15,000 in cash to him while he was aboard ”The Simone” while staying at the Atlantis Marina on Paradise Island in Nassau in January 2007.

NEWSFLASH: ED OKUN INDICTED AND ARRESTED ON CHARGES OF MAIL FRAUD, MONEY LAUNDERING, AND FALSE STATEMENTS

FoxBusiness.com published this article March 18, 2008

Reuters.com published this article March 18, 2008

Dateline March 18, 2008 2:53 PST

Ed Okun embattled scam artist of the 1031 Tax Group fiasco has been arrested by Chuck Rosenberg US Attorney for the Eastern District of Virginia on 3 counts: Mail Fraud in connection with the 1031 Tax Group dealings, Cash Smuggling tied to a $15,000 Fed Ex delivery to the Bahamas, and the making of a False Declaration. If convicted, Okun faces up to 30 years in prison as well as substantial fines.

The entire story can be obtained through our friend Gerald McHale’s US Trustee website:

The Sources

href=”http://trustee1031taxgroup.com/component/option,com_docman/Itemid,46/”>http://trustee1031taxgroup.com/component/option,com_docman/Itemid,46/

This link provides two documents which outline Okun’s charges as well as a restraining order filed against Okun with a judgment against Okun for $132,015,000

href=”http://www.usdoj.gov/opa/pr/2008/March/08_crm_215.html”>http://www.usdoj.gov/opa/pr/2008/March/08_crm_215.html

The above link is to the breaking story on the United States Justice Departement website. Suffice to say that this story is for real

The Tips

Just 15 minutes ago deansguide received a call from the Miami “mystery caller” who tipped us to information on Ed Okun last summer; simultaneously we received two emails from long time supporter, and one of the 350 Okun “Train Wreck” victims, Elizabeth Callanan. Although the delivery was quite different, the message was quite clear: Ed Okun is being criminally charged.

Information will be provided as further details become known. But for now as this ongoing saga evolves, Ed Okun is behind bars–something most people thought would never happen in this case.

Okun Attempting To Terminate Asset Transfer Agreement According To 1031 Tax Group Victim: “Indentured Servitude” Never Looked This Lucrative

Due to the litigious nature of this entire mess I am presenting the following comment as a service to the victims of the 1031 Tax Group. This comment is the sole opinion of the commenter–deansguide has no responsibility nor supports or opposes this comment. If you have read this blog you know how I feel–

For a true look at “Indentured Servitude” please go to the soulsurvivor channel on youtube.com for the real story.

The following comment was a reaction to my February 8, 2008 article, “California Victims of 1031 Exchange Rip Offs And Industry Professionals: You Better Look At This SB 1007 And Make Your Voice Heard Or Forever Hold Your Peace”, by long time reader, and Okun victim, Beth Callanan. It is a surreal yet real life drama unfolding and what Beth has to say should be very interesting to all 1031 Tax Group victims of Okun. Read this entire post to understand the how corrupt Ed Okun appears to be in this case.

The highlights or low points depending upon your stomach for absolute idiocy:

1. Okun is trying to “terminate” the Asset Transfer Agreement signed by him and his wife. Reasons sited– The Okun’s believe that the US Trustee breeched the ATA by failing to negotiate a “living allowance” and forcing them to live in AND I QUOTE BETH HERE “indentured servitude.”

“BRAVO! AMEN!! Couldn’t have said it better!

Thank you,
Beth Callanan (aka “Okun Victim”)

By the way, your readers might be interested to know that Okun has had the temerity to submit a motion to the Bankruptcy Court to terminate the Asset Transfer Agreement signed by him and his wife in October. The ATA is a pathetically inadequate vehicle supposedly intended to result in “restitution” to those whose exchange funds he absconded with (inadequate since he had freighted all those “assets” with debt before transferring their skeletal remains to the Trustee!). The premise for his motion is that the Trustee has breached the terms of the Agreement by failing to prevent others from going after the assets he was allowed to keep (his two manses valued by him at more than $20 million and his Hummer and Lambourghini!) AND (and this is really the best part) because the Trustee has failed to negotiate a “living allowance” for Okun, spouse and spawn (I told you this was good) such that they are now forced to live a life of “indentured servitude” (I kid you not — verbatim from the motion!) — although the abject level of “servitude” to which the Okuns have been subjected apparently allows for the acquisition of yet another vehicle — specifically, a Porche he has not yet surrendered and has asked to purchase from the Trustee. Not only that, but his victims will all be thrilled to know that the brilliant financier whose empire was built Ponzi-style on funds taken illegally from others has offered the Trustee his services to help manage the financially dessicated wasteland of properties he has so generously transferred to the Trustee. Be still my heart!

There is a hearing on the motion in NYC on Monday (Feb 11) that I suspect will be very well attended since Judge Glenn has commanded that Okun, the lovely Simone and their attorney actually appear and be prepared to testify! Anyone wanting to read the actual text of this travesty should go to the Committee website at http://www.committeeinfo.com/1031/case_dev.htm , go to “court documents, scroll down to “Pending Motions” pour yourself a stiff drink grab a big box of hankies and begin reading everything in “3. Motion to Vacate Order Approving Transfer Agreement.” It’s a real tear jerker.”

Feb 8, 11:01 PM— California Victims of 1031 Exchange Rip Offs and Industry Professionals: You Better Look At This SB 1007 And Make Your Voice Heard Or Forever Hold Your Peace