Jason Galanis charged with sending money to Kosovo

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worcesteradam

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Jason Galanis charged with sending money to Kosovo
« on: October 02, 2015, 06:21:30 PM »
Washington D.C., Sept. 24, 2015 ó The Securities and Exchange Commission today charged six men, including a father and three sons, with defrauding investors in Gerova Financial Group Ltd., whose shares once traded on the New York Stock Exchange.

The SECís complaint, filed in U.S. District Court in Manhattan, charges John Galanis, his sons Jason Galanis, Derek Galanis, and Jared Galanis, along with Gerova president and chairman Gary T. Hirst and investment adviser Gavin Hamels.  John Galanis has been a defendant in numerous SEC enforcement actions dating back to the early 1970s and his son Jason Galanis was charged by the SEC in 2007.

According to the SECís complaint, in early 2010, Jason Galanis and Hirst orchestrated a scheme to secretly issue $72 million of unrestricted Gerova shares to a Galanis family friend in Kosovo.  Jason Galanis, his father, and his brothers allegedly directed sales of the shares from the Kosovo friendís brokerage accounts and had the proceeds wired to them and their associates who collectively realized approximately $20 million in illicit profits.

Jason Galanis is alleged to have bribed Hamels to purchase Gerova stock to help stabilize the stockís price as the shares were liquidated.  The complaint alleges that many of the purchases were coordinated in matched trades with the Kosovo friendís sales.  Hamels is alleged to have purchased Gerova stock for advisory clients based on arrangements with Jared Galanis regarding the times, prices, and amounts of stock to purchase, and is alleged to have failed to inform his clients of the bribe from Jason Galanis.

ďWe allege that by fraudulently obtaining the shares and dumping them in sales to public investors, these six individuals enriched themselves and displayed a callous disregard for the companyís investors and for the integrity of the public markets,Ē said Andrew M. Calamari, Director of the SECís New York Regional Office.   

In a parallel action, the U.S. Attorneyís Office for the Southern District of New York announced criminal charges against the six charged by the SEC as well as the family friend in Kosovo.

The SECís complaint charges the six defendants with violations of the antifraud provisions of the federal securities laws, charges Jason Galanis, Derek Galanis, Jared Galanis and Hirst with securities registration violations, and charges Hamels with investment adviser fraud.  The complaint seeks a final judgment permanently enjoining the defendants from future violations of the federal securities laws, imposing financial penalties, and ordering them to disgorge their allegedly ill-gotten gains plus prejudgment interest.

http://www.sec.gov/news/pressrelease/2015-208.html

The "family friend" is Ymer Shahini.
One of the CEOs of Gerova and another Galanis company 'Fund.com Inc' has been Michael Hlavsa, who was the CEO of Suncruz Casino Boats around the time of 911.

worcesteradam

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Re: Jason Galanis charged with sending money to Kosovo
« Reply #1 on: October 04, 2015, 10:48:16 AM »
There are actually a few connections between Galanis and Co. and Patrick Joseph Lochrie and Stephen Careaga.

First of all, Galanis kosovan friend Ymer shahini uses an address at Ansbacher house in the Bahamas, where I found a company called Consensus Invetsment who are in business with Shep technologies which is involved with the well connected Lines Overseas Management in the Bahamas, the actual owners of which are apparently William Rees-Mog and James Dale Davidson. But James Dale Davidson was the owner of Bioceutics which was absorbed into the array of companies Careaga and Lochrie were running, such as Amenni Inc.

Another connection I found is that James Dale Davison wrote articles for Bob Guccione's Penthouse Magazine.
And as Wikipedia explains about Guccione's house:
Quote
"In November 2003 the mansion, on Manhattan's Upper East Side, was foreclosed on by Kennedy Funding of New Jersey, the mortgage holder, along with an affiliate of multibillion-dollar hedge fund Elliot Associates of New Jersey. In January 2004, a group of investors came to Guccione's aid during his eviction. A London-based investor, Jason Galanis, led the investment group which purchased the property for $26.5 million in cash."
So Galanis is also linked to Davidson via Guccione.

An interesting -to me- addendum is that Guccione's son published Spin magazine which carried an investigative piece about the rise of radical Islam in the Sudan In the early 1990s, entitled 'March of the Green Flags'. Its one of the only pieces of journalism I know of which acknowledges the rise of Islamic extremism pre-9/11.

According to Guccione's FBI file, obtained by TMP:
Quote
Allegations of Guccione's ties to organized crime are a running theme in the file, particularly in the course of his efforts to build a casino in Atlantic City. He couldn't get a gaming license because of the investigation, which helped doom the effort, according to New York magazine, but he was ultimately vindicated.

...What is also curious about the FBI file is that it makes no mention of Guccione's involvement with publishing the Unabomber's letter in 1995. He famously refused to cooperate with the FBI at the time.

worcesteradam

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Re: Jason Galanis charged with sending money to Kosovo
« Reply #2 on: October 04, 2015, 12:26:25 PM »
Quote
DONNING A NEW OUTLOOK Mob boss shifted focus to business ventures
BY GREG B. SMITH  NEW YORK DAILY NEWS Monday, January 8, 2001,

It was the autumn of 1998, and Vincent (Vinnie Ocean) Palermo was sitting pretty. He'd been appointed with two others to run the DeCavalcante crime family, and he was working on the deal of his life - partnering with Penthouse magazine founder Bob Guccione. One of Palermo's associates, John Daniels, was on a cellular phone discussing a meeting about several deals in the works. He referred to Guccione as "the chairman.

" "Things with the chairman went exceptionally well," Daniels told Palermo. "He said that he actively wanted to work with you, us, on these [strip] clubs and casinos, both in Russia and here.

" "He said, 'In my opinion, Vincent is the perfect man,'" Daniels added.

At 53, Palermo had become the 21st-century don - an opportunistic businessman trying to steer his version of the American Mafia into brave new overseas ventures. He had only one problem: The cell phone he was talking on was a gift from the FBI. They were listening to his every word. The thousands of hours of recorded conversations became part of the government's "Soprano tapes," made by a DeCavalcante associate who became an informer. The tapes eventually would lead to the indictments of nearly every member of the New Jersey crime family, while opening a window into Palermo's vision of a new Mafia.
http://www.nydailynews.com/archives/news/donning-new-outlook-mob-boss-shifted-focus-business-ventures-article-1.901663

Guccione was Chairman of the DeCavalcante crime family. So they say.

worcesteradam

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Re: Jason Galanis charged with sending money to Kosovo
« Reply #3 on: October 05, 2015, 12:18:15 PM »
SAN DIEGO, Oct. 25 2001 (UPI) -- Possible ties to a New York organized crime family and a rebel leader in Kosovo were unearthed during an investigation into an alleged Ecstasy ring that was broken up this month in California, it was reported Thursday.

The San Diego Union-Tribune said a federal prosecutor outlined the potential links between the Gambino family and an unnamed Kosovo rebel general during a bail hearing Wednesday for defendants in a case involving an alleged Ecstasy lab located in northern San Diego County.

The lab, which was the target of a Drug Enforcement Administration investigation dubbed "Operation XXX," was said to be capable of churning out 1.5 million Ecstasy tablets a month and was then shipped to dealers in California and Mexico.

Assistant U.S. Attorney Todd Robinson said in court that telephonic wiretaps had also produced possible links to the Gambino mob in New York as well as to rebels in Kosovo.

"We base our information not on speculation but on words that came out of Derek Galanis' mouth," said Robinson, referring to one of the 27 defendants indicted in the case earlier this month whose conversations were taped.

Prosecutors contended that Galanis' telephone communications indicated he was seeking financial backing for his lab from reputed mobster Tommy Gambino. Robinson said Galanis had actually lived in Kosovo for five months and may have developed smuggling ties to the unnamed Kosovar general.

Galanis, who was ordered held without bond, was indicted along with 23 other individuals, including his father, John Peter Galanis, a fugitive financier who disappeared earlier this year from a prison work-release program while serving prison time for swindling investors out of millions of dollars.

The younger Galanis' lawyer, Michael Pancer, argued for a $1 million bond and characterized the alleged ties to the Gambinos and Kosovo as tenuous.

"It's just pure speculation and has nothing to do with this case," Pancer pleaded.

Sammy "The Bull" Gravano, the former high-ranking Gambino mobster who testified against his former boss, John Gotti, was indicted last year in Arizona on charges he was involved in an Ecstasy ring operating in the Phoenix area. Nine New Jersey men were indicted in March for allegedly trafficking Ecstasy on behalf of Philadelphia mobsters.

According to the DEA, a large percentage of the Ecstasy sold in the United States is produced in Europe and controlled by organized crime figures in Western Europe, Russia and Israel.

At the same time, United Nations officials and KFOR troops based in Kosovo have been increasingly dealing with criminal organizations rising from the guerilla groups that grappled with Yugoslav troops prior to the U.S.-led invasion of the province in 1999.

"These criminals have no interest in democracy, a strong state or the police," said Col. Leonardo Leso, commander of the Italian Carabinieri in Kosovo, told the U.S. newspaper Stars and Stripes last year. "Not everybody is involved in organized crime, but after 50 years of communism, corruption is everywhere and there is no process to democracy, no sense of law and people think it is normal to be a part of illegal activity."

Frank J. Cillufo, a terrorism analyst with the Center for Strategic and International Studies in Washington, testified before a House Judiciary subcommittee last December that the Kosovo Liberation Army had its hands in the international drug trade before NATO troops moved in and ousted the Yugoslav army.

"During the NATO campaign against the former Yugoslavia in the spring of 1999, the allies looked to the KLA to assist in efforts to eject the Serbian army from Kosovo," Cillufo said. "What was largely hidden from public view was the fact that the KLA raise part of their funds from the sale of narcotics. Albania and Kosovo are at the heart of the 'Balkan Route' that links Afghanistan and Pakistan to the drug markets of Europe. This route is worth an estimated $400 billion a year and handles 80 percent of heroin destined for Europe."

http://www.upi.com/Top_News/2001/10/25/Feds-Ecstasy-ring-linked-to-mob-Kosovo/68451004037274/