Oct 082010

~I REFUSE to post a link to her article being she admitted on the above video she was simply out to sensationalize an admitted LIE!

The title of her article :Lou Dobbs, American Hypocrite | The Nation was picked up by flaming libtard Ariana Huff & Puff

These are the links that matter:

* NY Daily News:
Lou Dobbs, former CNN anchor: I’ve never hired an illegal immigrant, responding to ‘The Nation’

* ABC Dobbs on Radio Show: The Nation’s Report Is an ‘Attack Piece’

* Isabel MacDonald admits Lou Dobbs didn’t hire illegal aliens (The Nation)

~APOLOGIZE you Heifer! Print THAT in the Nation (BTW it’s circulation sux sour apples)

Oct 082010

~Sage advice from Phyllis Schlafly Questions for Congressional Candidates and Reject Barack Obama’s plans to “fundamentally transform the United States”

We look forward to the 2010 elections in the hope that we can decisively reject Barack Obama’s plans to “fundamentally transform the United States.” Here are some questions voters can ask all candidates to help decide whom to vote for:

* Will you vote against all tax increases and new taxes?
* Will you vote to extend all the Republican tax cuts?
* Will you vote to cut federal spending to the pre-bailout level?
* Will you vote to abolish the death tax without passing a new tax (called “carryover basis”) on the sale of inherited property?
* Will you pledge to vote to repeal Obamacare?
* Will you vote for legislation providing that all health plans receiving federal tax benefits include the availability of high-deductible insurance with health savings accounts?
* Will you pledge to enact a government-wide ban on the funding of abortions in any health plan that receives federal benefits?
* Will you pledge to vote against any form of amnesty for illegal aliens?
* Will you vote to cut off funds for the Attorney General to sue to get a judge to knock out Arizona’s popular immigration-enforcement law?
* Will you vote to require employers to use the E-Verify system to verify the Social Security numbers of their employees?
* Will you order the federal government to build the fence on our southern border as legislated in the Secure Fence Act of 2006?
* Will you send U.S. troops to our southern border to prevent illegal entry?
* Will you vote for legislation providing that no judge can force the government to communicate with anyone in a language other than English?
* Will you vote for legislation requiring that aliens seeking to enter or remain in the United States must renounce a belief in jihad, sharia, polygamy, child marriage, arranged marriage, “honor” killings, and female genital mutilation?
* Will you vote to prohibit Mexican trucks on U.S. roads?
* Will you vote to stop giving the benefits of U.S. citizenship to babies (“anchor babies”) born to illegal aliens?
* Will you vote for legislation repealing EMTALA (which requires hospitals to provide free medical care to illegal aliens) and limiting Plyler v. Doe (which requires public schools to give a free education to the children of illegal aliens)?
* Will you vote against any bills that exceed the enumerated constitutional powers of Congress?
* Will you vote to prohibit the use of taxpayers’ funds for any activity designed to promote economic or political union with North America or any foreign countries?
* Will you pledge to vote No on increased federal involvement in education?
* Will you urge congressional committee chairmen to hold public hearings on the grab for legislative powers by supremacist judges, and then take appropriate action to require the judiciary to respect the separation of powers?
* Will you vote to tie federal school appropriations to informed, written parental consent for curricula, surveys, classes or books that may be privacy-invading or offensive to religion or conscience?
* Will you vote to defund Planned Parenthood?
* Will you pledge to vote No on any attempt to repeal DOMA?
* Will you support the right of all fit parents to the care, custody, and control of the upbringing of their children, even if parents are divorced?
* Will you vote No on any effort to revive the so-called Equal Rights Amendment and on any legislation implying that the ERA, which expired in 1982, is still somehow viable?
* Will you vote against repeal of the law that forbids open homosexuals from serving in our military?
* Will you oppose any and all proposals for a national Constitutional Convention (known as a Con Con)?
* Will you oppose any attempt to bypass the Electoral College by a vote-transfer deceit called National Popular Vote?
* Will you vote against any legislation to pretend that the District of Columbia is a state and entitled to a state’s representation in Congress?
* Will you vote No on any carbon tax or cap-and-trade bill?
* Will you vote to eliminate the ban on our favorite light bulbs?
* Will you vote No on Card Check that eliminates the secret ballot in workers’ elections?
* Will you vote for legislation providing that actions claiming a violation of the Establishment Clause shall not be eligible for an award of attorney’s fees?

Questions especially for Senate candidates:

* Will you vote No on the New START Treaty, which would restrict our right to build anti-missile defenses?
* Will you vote No on the UN Law of the Sea Treaty?
* Will you vote No on the UN Treaty on the Rights of the Child?
* Will you vote No on the UN Treaty on Women (known as CEDAW)?
* Will you vote against any judicial nominee who espouses the unconstitutional theories of a “living” or “evolving” Constitution, or an “activist” judiciary?

The more Yes answers to these questions, the more support the candidate deserves.


An Avalanche of Democrat Lies

From the inconsequential to the almighty huge, Democrat politicians have shown an unabashed willingness to lie their butts off to the American people in order to maintain power.

How many times have we been shoveled the same old tired line that the $787 billion stimulus “saved or created” 3 million jobs? It’s been over a year now and the only thing everyone can agree on is there is no such thing as a “saved or created” job.

The Only Reason Democrats Win Elections Is Because They Lie

~Yet another tactic…

We all know what a pocket veto is, right?

That is unless you had fifth period civics right after lunch. And your teacher was reading Article I, Section 7 of the Constitution in a boring, sonorous tone. And you were suffering from a Tryptophan-induced food coma from the cafeteria’s sodium-preserved mystery meat.

So you just kind of skipped pocket vetoes (to say nothing of the electoral college) and regained consciousness around Article II, Section 2.

“The President shall be Commander in Chief of the Army and Navy…”

And that’s when you snapped back to attention.

Dig out your Constitutions. There’s a fight brewing between the Obama Administration and Congress over the president’s use of a pocket veto.

Presidential Pocket Vetoes: The Original Paperwork Reduction Act

Candidate Corner

New polling out of Nevada is unnerving Democrats who fear Republican Sharron Angle’s campaign is surging despite enduring millions of dollars’ worth of TV ad attacks from Senate Majority Leader Harry Reid.

Sharron Angle surge unnerving Nevada Democrats

The great news out of Nevada today is that Sharron Angle has surged to 50% and has taken a 4 point lead over Harry Reid in the latest Rasmussen poll! Our hard-work is paying off and now we are ramping up our efforts to retire Harry Reid. We have just finished production on a fun new radio ad. The ad depicts Harry Reid leaving messages on Nancy Pelosi’s answering machine. The goal of this ad is to shore-up the Republican vote for Sharron Angle by marrying him to Nancy Pelosi (now that is a scary thought).
You can listen to the new ad by clicking on this link.

This race is the most important election in the nation this year. Time is running out and we need to make sure that Sharron Angle finishes strong.

Campaign Ads Turn Vicious- Candidates come out swinging in final stretch before midterm elections

Running against Rangel:

I have always believed that my highest calling is to serve the powerless and to speak for the voiceless. I will bring that same energy and drive as your representative in Washington, D.C. –Rev. Michel Faulkner Candidate in the 15th dist (Northern Manhattan)


MAF Freedom PAC Endorses Chris Gibson


Chris Gibson is the pro-troop candidate for New York’s 20th Congressional district. He’s served our nation, spending 24 years in the Army and rising to the rank of Colonel. He’s been deployed 7 times to places like Iraq and Haiti, and was the recipient of 4 bronze stars, a purple heart, and a number of other commendations.

He’s in a tough race against the anti-military incumbent Scott Murphy who is a lifelong politician and has the advantage of money and the support of the national Democratic leadership. But despite being a newcomer, Gibson has come from a 17-point deficit to just 4 points away, in the most recent poll.

Oct 082010

Former Alaska governor and 2008 GOP vice presidential nominee Sarah Palin is raising new speculation in conservative circles that she is already preparing for a 2012 presidential bid. (Use this to tell folks why NOT to vote dem in November) In the latest and clearest example of her plans, Palin met with some 50 national conservative leaders Wednesday in Palm Beach, Florida where she discussed economic and diplomatic policy and led some to declare that she’s in the race.

“This was an indication that she’s strongly considering running,” said one insider. “She was very knowledgeable and gave intelligent answers, despite how she’s been characterized,” added the insider. “And she was extremely charming.”

The meet-and-greet was organized by the conservative magazine and website Newsmax and its boss Christopher Ruddy. Palin, currently a Fox News contributor, has said Newsmax is one of her favorite news sources. Her trip sprung from an accidental meeting in June at the Belmont Stakes race in New York when Palin and Ruddy bumped into each other.

Ruddy, whose Web site helped sell 250,000 of Palin’s 2008 campaign book, arranged for Palin to be interviewed by radio host Michael Reagan for an upcoming webcast dubbed “Make America Great Again.” Palin will kick off the webcast campaign October 12. Her next book, America By Heart, is due out next month.

Because of its ties to conservative leaders and donors, Newsmax plays a broad role in conservative politics and is fast becoming the place for potential 2012 GOP candidates to be seen. Already Mitt Romney and Jeb Bush have stopped by for interviews. One conservative leader told Whispers that Palin’s trip to Newsmax was the strongest sign yet that she’s planning to run.

During her stop, Ruddy and his staff presented Palin with a faux Newsmax cover showing her running for the presidency. It was headlined: “Yes in 2012.”

At a later reception and dinner, she made her case on several issues to top conservative leaders, among them, Grover Norquist, president of Americans for Tax Reform, pundit Dick Morris, activist Ralph Reed, and John Raese, the West Virginia Republican Senate candidate who holds a surprise lead over Democratic Gov. Joe Manchin.

“This was an indication that she’s strongly considering running,” said one insider.

Conservatives have warmed to Palin in part because of her golden touch in picking Tea Party candidates to back in House and Senate races, giving her a ready-made support base in a presidential bid.

[See photos of Sarah Palin and her family.]

[See a slide show of 10 reasons Sarah Palin would make a good president.

10 Things You Didn’t Know About Sarah Palin

By Paul Bedard

Oct 082010

Eugenia Bebis, a self-described die-hard Chicago White Sox fan, wanted a permanent reminder of her South Sider pride — in the form of a tattoo.

In June, Bebis visited Mystic Tattoo Art and Body Piercing Corp. in the Craigin neighborhood and explained to the tattoo artist, Micah St. John, what it was she wanted: the black logo as a focal point, surrounded by purple clovers on her left thigh.

Some might say that Bebis, a UIC student, got exactly the opposite of what she wanted. According to a lawsuit filed in Cook County Circtui Court this week, St. John inked the permanent art backwards — the letters face to the left rather than to the right.

“Surprise, surprise it turned out to be a huge mistake,” said Bebis’ attorney, Daniel Fabbri, adding that his client was unable to view the tattoo as it was being inked.

Bebis, of Elmwood Park, is undergoing laser treatment to lessen the appearance of the tattoo. So far, she’s had two laser removal sessions, her attorney said.

“The way she explained it, they are burning the tattoo off with a laser beam,” Fabbri said.
The suit seeks damages not exceeding $50,000, Fabbri said.

“We made numerous attempts to resolve the case with Mystic, but the shop was unwilling to take responsibility for its mistake,” Fabbri said.

Several calls to the tattoo shop went unanswered.

~ Me thinks she wants XOs (=x & o’s because being a Sox fan she gets no kisses or hugs!(wink)

-Serena Maria Daniels

Oct 082010

Obama Chief of Staff Rahm Emanuel left his job at the White House last week to run for Mayor of Chicago. According to The Washington Post:

President Obama… announced his highest-level changing of the guard, naming a longtime aide of few words, Pete Rouse, to replace on an interim basis the irrepressible Rahm Emanuel as chief of staff.

In an East Room event attended by senior staff and Cabinet members, Obama called Emanuel, who resigned to begin an expected run for mayor of Chicago, someone “I could count on day and night to get the job done.”

Obama might have added, “at all costs.” Given that the liberal media will gloss over Rahm’s record in the Obama White House, just as they did when he was installed there, let’s take a look at his terrible record of corruption.

Obama might have added, “at all costs.” Given that the liberal media will gloss over Rahm’s record in the Obama White House, just as they did when he was installed there, let’s take a look at his terrible record of corruption.

After all, Emanuel didn’t earn the nickname “Rahmbo” for being a mild-mannered shrinking violet. He served as Bill Clinton’s chief money-man at a time when the Clinton campaign was corrupted by foreign money. He defended the “worst of the worst” Clinton scandals, and, in fact, earned his reputation as a ruthless political combatant by fiercely defending President Clinton in the Monica Lewinsky investigation.

(Notably, Emanuel also served on the board of Freddie Mac when the company was involved in fraudulent activity.)

The bottom line is that when the Clintons’ dirty work needed to be done, Emanuel did it and apparently without question.

And that didn’t change under Obama.

Remember when the Obama White House wanted to manipulate Democratic primaries earlier this year? They tapped Rahmbo to do the dirty work.

Emanuel teamed with his Deputy Chief of Staff Jim Messina to allegedly interfere with Senate elections in Pennsylvania and Colorado by offering federal appointments to Rep. Joe Sestak and Andrew Romanoff. Sestak and Romanoff were not Obama’s favored candidates, so Emanuel and Messina attempted to unlawfully persuade them to abandon their campaigns.

Our complaint, filed on June 15, 2010, tells the story:

As widely reported in the media, White House chief of staff Rahm Emanuel and deputy chief of staff Jim Messina, on behalf of the Obama Administration, have both used their position and influence as highly placed federal employees to affect the outcome of federal elections in direct violation of the Hatch Act, which states that an employee may not “use his official authority or influence for the purpose of interfering with or affecting the result of an election.”

And then, of course, there’s Emanuel’s connection to the Blagojevich scandal.

According to sworn testimony during the “Blago” trial, which was covered by our own JW blogger Irene Garcia, Emanuel served as Obama’s chief negotiator with the Blagojevich team as the former Illinois Governor attempted to illegally sell Obama’s former Senate seat to the highest bidder.

Folks in Illinois (and elsewhere in America) were absorbed by the controversial and very public trial. Emanuel’s participation in the Blagojevich scheme will certainly not help him in Chicago, where he already faces an uphill climb.

Remember, it was just two weeks ago that Jesse Jackson, Jr.’s political future was sent into a tailspin by new evidence that the Illinois Congressman offered Blagojevich a $6 million bribe to secure the Senate Seat (among other more salacious charges).

Now the government is preparing to retry Blagojevich. And if the government decides to present a real case this time around, instead of the watered down version designed to protect White House officials, Rahm Emanuel will have some explaining to do.

Of course, it is not clear whether Rahm can even run for Chicago mayor as he may not meet the resident eligibility requirements for that office.

(By the way, if you want some more details regarding Emanuel’s reckless and ruthless behavior, check out this Update piece I wrote when Emanuel was first tapped to serve as Obama’s Chief of Staff. It includes some pretty frightening stuff.)

From the Desk of Judicial Watch President Tom Fitton

Oct 082010

This morning on his radio program, Glenn Beck discussed in more detail some of the physical challenges he’s been facing. Glenn told his audience that he will be taking several days off next week to undergo tests at a hospital “out west.”

On recent broadcasts he’s discussed that he has been having problems with feeling in his hands and feet. Today he explained that “small fiber” issues may be involved but that testing will provide more understanding. “We don’t even know what all of the symptoms are at this point,“ he explained adding that he believes ”physical, mental and spiritual are all tied.“ By ”small fibers,” he was referring to the possibility of a small fiber neuropathy diagnosis. But that is just one possibility among many things that will be considered.

Glenn also said the listeners may have noticed a change in how he sounds on the air. He said he’s been having problems with his vocal cords and that doctors will also be examining this problem.

Glenn talked at length about how the bond he has with his radio audience has been built on a foundation of disclosure and that he felt it was important for him to share as much information as he could, “So that you will understand my mindset.”

Glenn explains that he’s not asking his audience to pray for healing, but rather “clarity.” And a specific desire:

Glenn has pointed out to me that this clip ends before he added one important word — love. “It will leave us in the end bearers of light and love.”

And he‘s pretty sure he hasn’t been attacked by “nanobots.”

The Blaze

Oct 082010

~They need to go after this & many more like it now…

72,000 stimulus payments went to dead people

{Storybook Time}…Securities Fraud, Self-Dealing, Bank Bribery, and Embezzlement of Bank Funds
Charles Antonucci is First Defendant Ever Convicted of Fraud Against The Troubled Asset Relief Program

PREET BHARARA, the United States Attorney for the Southern District of New York, NEIL M. BAROFSKY, the Special Inspector General for the Troubled Asset Relief Program (“SIGTARP”), RICHARD H. NEIMAN, the Superintendent of the Banks of New York (“NYSBD”), JAMES T. HAYES, JR., the Special Agent-in- Charge of the New York Office of Homeland Security Investigations (“HSI”), JANICE K. FEDARCYK, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), and JON T. RYMER, Inspector General of the Federal Deposit Insurance Corporation (“FDIC-OIG”), announced today that CHARLES J. ANTONUCCI, SR., the former President and Chief Executive Officer of The Park Avenue Bank, pled guilty in Manhattan federal court to multiple criminal charges. The charges to which ANTONUCCI pled include securities fraud relating to ANTONUCCI’s attempt to fraudulently obtain more than $11 million worth of taxpayer rescue funds from the Troubled Asset Relief Program (“TARP”), bank bribery, embezzlement of bank funds, and participating in a $37.5 million scheme that left an Oklahoma insurance company in receivership.

Manhattan U.S. Attorney PREET BHARARA said: “Today’s guilty plea, the first ever conviction for fraud against the TARP, should send a strong message to all those who would attempt to loot the public fisc or steal from our financial institutions: This Office and our law enforcement partners will be watching. Whether you are a bank teller or a bank president, you are not above the law.”

SIGTARP Special Inspector General NEIL M. BAROFSKY said: “In March, Charles Antonucci become the first defendant charged with attempting to steal from the taxpayers’ investment in TARP. Today, he becomes the first to be convicted. Today’s plea marks an important chapter and demonstrates that SIGTARP and its law enforcement partners will ensure that would-be wrongdoers who seek to profit criminally from this historic program will be caught, charged, and brought to justice.”

“Over the past few years, New York has seen too many cases of unscrupulous individuals using their positions at financial institutions for their own personal gain, leaving a shaken financial system in their wake. Charles Antonucci used his role at a state-chartered bank to defraud TARP and the system it was meant to stabilize,” said RICHARD H. NEIMAN, Superintendent of Banks and Member of the TARP Congressional Oversight Panel. “I am particularly proud of our bank examiners and Criminal Investigations Bureau for their diligence and persistence in substantiating this fraud, and the cooperative efforts of the state and federal agencies that contributed to today’s resolution.”

HSI Special Agent-in-Charge JAMES T. HAYES, JR., said: “The TARP fund was designed to strengthen American financial institutions during unprecedented economic difficulties. Mr Antonucci devised a scheme to subvert federal banking laws at the taxpayers expense, exploiting a soft economy for his own personal gain. ICE, through its El Dorado Task Force, will continue to work to expose this type of financial duplicity that poses a significant risk to the stability of banks and other institutions that are of critical importance to the American economy.”

FBI Assistant Director-in-Charge JANICE K. FEDARCYK said: “Charles Antonucci committed serious crimes, including flagrant self-dealing, but perhaps the most offensive affront to taxpayers was his admitted attempt to defraud TARP. The FBI is determined to ensure the integrity of a program created to strengthen the financial system, not line the pockets of swindlers.”

FDIC-OIG Inspector General JON T. RYMER said: “The Federal Deposit Insurance Corporation Office of Inspector General is pleased to join the U.S. Attorney’s Office for the Southern District of New York and our law enforcement colleagues in announcing this guilty plea. We are particularly concerned when senior bank officials, who are in positions of trust within their institutions, are involved in criminal activity. Prosecutions of individuals and entities involved in criminal misconduct help maintain the safety and soundness of the Nation’s financial institutions.”

According to the Information, the Complaint previously filed in Manhattan federal court, statements made during the guilty plea proceeding, and other information in the public record:

The Park Avenue Bank (the “Bank”) was a federallyinsured and state-chartered bank that was headquartered at 460 Park Avenue, New York, New York, with retail branches in Manhattan and Brooklyn. The Bank’s clients consisted primarily of small businesses, for whom the bank made loans, extended lines of credit, and maintained depository accounts. As of the end of 2009, the bank had approximately $500 million on deposit, and over $520 million in assets. ANTONUCCI served as President and Chief Executive Officer (“CEO”) of The Park Avenue Bank from June 2004 to October 2009, and also served on its Board of Directors.

On March 12, 2010, the NYSBD seized the offices, branches, and assets of the Bank, citing ineffective management and inadequate capital, and immediately appointed the FDIC as receiver. Three days later, on March 15, 2010, federal authorities arrested ANTONUCCI at his home in Fishkill, New York, for engaging in a broad range of illegal conduct that contributed, in part, to the Bank’s demise.

With his guilty plea today, ANTONUCCI became the first defendant convicted of fraud on the TARP, a program whose purpose was to provide funds to viable financial institutions to stabilize and strengthen the nation’s financial system, and to enable those financial institutions to increase the flow of financing to U.S. businesses and consumers. TARP funds were made available to qualifying banks; one of the critical elements of the TARP qualification process was the capital position of the applicant bank, which was evaluated by the FDIC as one of the Bank’s regulators. Among other things, ANTONUCCI misled the FDIC and NYSBD by misrepresenting the source of millions of dollars of money that he claimed to have invested in the Bank out of his own pocket to recapitalize the Bank. He then attempted to use that sham recapitalization to fraudulently obtain over $11 million in TARP funds by convincing the Bank’s regulators that ANTONUCCI had recapitalized the Bank when, in fact, he had not.

Specifically, ANTONUCCI pled guilty in Count One of the Information to deceiving the FDIC and NYSBD by falsely stating that he had invested $6.5 million of his own funds into the Bank. Instead, ANTONUCCI had engaged in a complicated round-trip loan transaction in which he merely borrowed from the Bank itself the funds that he purportedly invested in the Bank, meaning that the Bank received no additional capital from the transaction. When the Bank’s regulators began investigating the source of the purported $6.5 million capital infusion, ANTONUCCI lied to them about the true nature of the transaction.

ANTONUCCI also pled guilty to engaging in fraud in connection with the offer and sale of securities relating to the Bank’s application for TARP funds through the Capital Purchase Program. As charged in Count Two of the Information and in the Complaint, ANTONUCCI tried to induce the U.S. Government to provide TARP funds in exchange for securities issued by the Bank by misrepresenting the Bank’s capital position. In furtherance of this scheme, ANTONUCCI fraudulently used the round trip transaction to support his application, in, among other things, telephone calls to FDIC regulators reviewing the Bank’s TARP application, and falsely represented that his purported substantial, personal capital contribution to the Bank should factor in favor of the Bank’s TARP application. Again, the supposed personal contribution by ANTONUCCI was actually money loaned by the Bank itself. Ultimately, the Bank’s application for an $11,252,480 investment from TARP was denied.

ANTONUCCI also pled guilty to a pattern of self-dealing and accepting bribes to influence his decisions as the President and CEO of the Bank. For example, as charged in Count Three of the Information and described in the Complaint, ANTONUCCI accepted bribes from customers of the Bank, including but not limited to over $250,000 in cash bribes, free use of a customer’s airplane, and free use of another customer’s luxury automobile, in exchange for ANTONUCCI’S approval of various banking transactions. Indeed, on more than ten occasions in 2008 and 2009, ANTONUCCI used a private plane owned by a co-conspirator (“CC-1″) to fly to, among other places, Florida, Panama, Arizona (so that ANTONUCCI could attend the Super Bowl), and Augusta, Georgia (so that ANTONUCCI could attend the Masters Golf Tournament). All the while, ANTONUCCI approved over $8 million in overdrafts on accounts for entities controlled by CC-1 at Park Avenue Bank.

In addition to this self-dealing, ANTONUCCI pled guilty to personally embezzling and misappropriating bank funds, as charged in Count Four of the Information. Among other things, ANTONUCCI approved a $400,000 loan through the Bank to an entity he controlled called Easy Wealth, through which ANTONUCCI obtained tens of thousands of dollars in proceeds. ANTONUCCI also had the Bank pay rent to him for one or more properties that ANTONUCCI owned and which the bank did not use, including a property in Fishkill, New York, and directed Bank employees to perform substantial work on non-Bank matters in which he had personal financial interests.

To hide and repay a $2.3 million loan that was part of the fraudulent round-trip loan transactions described above, between June and October 2008, ANTONUCCI and his co-conspirators engaged in a series of sham transactions using the funds of another Park Avenue Bank depositor, General Employment Enterprise, Inc. (“GEE”). As charged in Count Five of the Information, to hide these transactions from GEE’s auditors, ANTONUCCI caused a counterfeit certificate of deposit (“CD”) to be created by Park Avenue Bank, making it appear that GEE’s $2.3 million had been invested in a 90-day CD at the Bank. In fact, and as ANTONUCCI well knew, there was no CD, and the $2.3 million was wire transferred from GEE’s account into an account controlled by ANTONUCCI, which was then used to repay a loan. Later, when GEE’s auditors requested certification from Park Avenue Bank that the CD existed, ANTONUCCI fraudulently signed that certification, when he knew that no CD in fact existed.

Further, from July 2008 through November 2009, as charged in Count Five of the Information, ANTONUCCI conspired with others to defraud the State of Oklahoma Insurance Department in connection with the $37.5 million sale of an insurance company that was later placed in receivership. In connection with this, ANTONUCCI made various false statements to the Oklahoma Insurance Department regarding the financial state of the insurance company.

As part of his guilty plea today, ANTONUCCI also admitted the $44 million in forfeiture allegations in the Information, and reached an agreement with the Government to pay an $11.2 million money judgment and forfeit various assets owned by him.

ANTONUCCI, 59, faces a maximum sentence of 135 years in prison on the charges to which he pled guilty. He is scheduled to be sentenced by the U.S. District Judge NAOMI BUCHWALD on April 8, 2011.

ANTONUCCI resigned as President and CEO of the Bank in November 2009.

Following the NYSBD’s seizure of the Bank on March 12, 2010, the FDIC, as receiver entered into a purchase and assumption agreement with Valley National Bank, Wayne, New Jersey. Valley National Bank assumed all deposits and certain assets of Park Avenue Bank, except certain brokered deposits, which are being paid out by the FDIC.

Mr. BHARARA praised the investigative work of SIGTARP, the NYSBD and its Criminal Investigations Bureau, HSI, the FBI, the FDIC-OIG, and New York High Intensity Financial Crime Area. Mr. BHARARA added that the investigation is continuing.

This case was brought in coordination with President BARACK OBAMA’s Financial Fraud Enforcement Task Force, on which Mr. BHARARA serves as Co-Chair of the Securities and Commodities Fraud Working Group and Mr. BAROFSKY serves as Co-Chair of the Rescue Fraud Working Group. President OBAMA established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes.

This case is being handled by the Office’s Complex Frauds and Asset Forfeiture Units. Assistant U.S. Attorneys LISA ZORNBERG, ZACHARY FEINGOLD, DANYA PERRY, and KAN MIN NAWADY are in charge of the prosecution.