FT takes a shot at Lord James
Urgent sovereign action required
Posted by Paul Murphy on Feb 22 16:27.
No, not sovereign debt or something even vaguely related. We’re talking here about input from Her Majesty The Queen.
Consider Lord James of Blackheath, speaking in the House of Lords last week…
Now, if you are too time-pressed to watch the video, the story in a line or so is that Lord James has happened across a chap called Yohannes Riyadi, who is/was the richest man in the world with $36 trillion dollars and now he may or may not have been ripped off by HSBC and RBS and the Fed and JP Morgan Chase and the IMF and even FT Alphaville, maybe.
But watch the vid. It’s priceless.
Now, if you conduct some deep dive research, like typing “Yohannes Riyadi” into Google, you find this on the website of the New York Fed:
Scam Involving Yohannes Riyadi and/or Wilfredo Saurin November 2007
The Federal Reserve is aware of a fraudulent scam involving individuals using the names Yohannes Riyadi and/or Wilfredo Saurin, or persons claiming to be representatives of these two men. In a typical version of this scam, Mr. Riyadi and/or his delegates falsely claim that they have on deposit with the Federal Reserve Bank of New York several U.S. Treasury Checks issued to Mr. Riyadi amounting to billions of dollars.
The Federal Reserve Bank of New York has been contacted by several brokers and financial institutions worldwide inquiring about the validity of this fraudulent account documentation, which is being offered as collateral for lines of credit or other types of asset based financing. The fraudulent scheme includes multiple documents which purport to have the signatures of various Federal Reserve officials, including Chairman Ben Bernanke.
In some instances, individuals involved in this fraudulent scheme claim to have met with Federal Reserve officials and claim to have verified that the alleged account is in order. We have also learned that the fraud may include the purchase of certain documents by the introducing brokers.
If you have information regarding this fraud please contact either Robert Amenta, Special Investigator at the Federal Reserve Bank of New York, or Erik Rosenblatt, Senior Special Agent at the Department of Homeland Security, Immigration and Customs Enforcement.
But if you needed to do that deep dive research, you shouldn’t be reading this website. BECAUSE YOU WOULD HAVE KNOWN INSTINCTIVELY THAT THE “MAN WORTH $36 TRILLION” DOESN’T EXIST.
We’d like to think this was just a Pastorini moment for David James. He was, after all, a fearsomely effective company doctor in his prime.
But James’ prime time is now past. Before Xmas he was claiming to have got Lord Sassoon of the Treasury hooked up with something called Foundation X, which was going to pay off a good lump of HM Debt.
So we’ve checked with the authorities. James can only be removed from the House of Lords by an Act of Parliament or on the Orders of Her Majesty. The last time that happened was the back end of WWI, when certain Peers of the Realm thought it might be fun to side with the Germans.
Apparently, in modern times, when a member’s mental facilities fade, it is much more common for family members to convince the afflicted peer to take a permanent leave of absence from the House.
Failing that, urgent sovereign action is now required.http://ftalphaville.ft.com/blog/2012/02/22/892601/urgent-sovereign-action-required/