tyb
MAGMA88 Dornier C-146A departed Comayagua, Honduras north-came in from Sikes Airport, FL-just north of Eglin AFB
AZAZ09O9 C-560 departed JBA after a round trip to Huntsville from JBA earlier
SAM404 USAF G5 east from St. Louis, Downtown Airport
VM374 USMC C-560 east from Denver, CO-Rocky Mtn Metro Airport-origin JBA with ground stop at Wichita, KA prior
AZAZ0909 US Army C-560 se from Billings Int'l Airport, MT after ground stop: one prior at LaCrosse, WI from a JBA origin
U.S. Supreme Court rebuffs investors' bid to block Madoff trustee lawsuits
The U.S. Supreme Court on Monday refused to hear a bid by major banks and companies including Koch Industries Inc to prevent a trustee chasing money for victims of imprisoned Ponzi scheme swindler Bernard Madoff from recouping funds that were transferred overseas.
The justices left in place a lower court’s ruling that revived dozens of lawsuits filed by Irving Picard, the trustee liquidating Madoff’s firm, aimed at recovering the foreign transfers. The defendants in the litigation had said the ruling improperly extended the reach of U.S. bankruptcy law beyond the country’s borders.
The Manhattan-based the 2nd U.S. Circuit Court of Appeals had overturned a bankruptcy judge’s decision to dismiss the lawsuits. President Donald Trump’s administration agreed with the 2nd Circuit ruling. The dispute is part of Picard’s 11-year search for tainted money stemming from the largest Ponzi scheme in history, which Madoff orchestrated through his New York firm, Bernard L. Madoff Investment Securities LLC. The trustee has estimated that Madoff’s customers lost $17.5 billion in the fraud.
Madoff, 82, was arrested in 2008 and pleaded guilty in 2009. He is serving a 150-year sentence in North Carolina. Madoff, whose lawyer has said is dying of kidney failure, has sought “compassionate release,” saying he had fewer than 18 months to live.
The case centers on 88 lawsuits filed against Koch, controlled by the billionaire Charles Koch, HSBC Holdings Plc, UBS AG and other entities accused of receiving Madoff-linked money indirectly through offshore feeder funds that had directly invested with Madoff.
Picard contends about $3 billion was fraudulently transferred outside the United States, taking into account his settlement with the British Virgin Islands-based Kingate feeder funds.
The trustee sued Koch, a privately held industrial conglomerate based in Kansas, in 2012 to recoup $21.5 million Madoff was accused of sending to another British Virgin Islands-based feeder fund and then to a Koch entity in Britain. Koch was not accused of wrongdoing.
https://www.reuters.com/article/us-usa-court-madoff/u-s-supreme-court-rebuffs-investors-bid-to-block-madoff-trustee-lawsuits-idUSKBN2382PS
The judge is blocking the big bois from the disclosure part of this…namely they siphoned money overseas at it was facilitated by Madoff. He was the cabal's banker and whatever his part in this he still lived "the life" while he screwed people over-no mater if it was under orders he and he and family had big benefits by playing along and only gave a shit when caught.
JP Morgan was the funding source for Madoff and claimed they had no idea what he was doing…sure "jamie"
fuck off ebot
already there
IMF Sees Little Scope for Argentina to Boost Debt Offer
Argentina’s most recent debt restructuring proposal would restore debt sustainability and there’s little room to further increase payments to private creditors, according to the International Monetary Fund. “There is only limited scope to increase payments to private creditors and still meet the debt and debt service thresholds,” the IMF said in a two-page statement published Monday. “Argentine authorities’ revised debt restructuring proposal would be consistent with restoring debt sustainability with high probability.” It’s the first comment from the IMF since it released an 18-page “technical note” on March 20, analyzing the government’s ability to repay creditors. After weeks of silence, insisting negotiations were an issue solely between creditors and Argentine authorities, the IMF is making another public push to support the government’s offer.
To the Fund, a debt deal with a net present recovery value above 50 cents would make it very hard for Argentina to restore debt sustainability, according to a person with direct knowledge of the IMF’s thinking. That estimate assumes a 10% exit yield, said the person, who was not allowed to speak publicly because the talks are private.
In March, the IMF said Argentina needed between $55 billion to $85 billion in debt relief in order to put debt on a sustainable track. Led by Economy Minister Martin Guzman, the government revised its offer to creditors on May 26. Creditors have sent a counteroffer that would provide $36 billion of cash flow relief.
Neither the net present value of the government’s latest offer or the bondholder’s counteroffer were disclosed.
IMF officials declared Argentina’s debt unsustainable earlier this year, calling on creditors to make a “meaningful contribution” to help restore Argentina’s debt sustainability. Argentina defaulted on May 22 but continues negotiating with creditors to restructure $65 billion in overseas debt.
The IMF’s role is particularly important because in 2018 it granted Argentina a record $56 billion bailout when the country was beginning to enter a recession. The loan didn’t help turn around the economy and both sides have been waiting to see how negotiations with private creditors conclude before reworking Argentina’s repayments to the IMF.
https://www.bloomberg.com/news/articles/2020-06-01/imf-sees-little-scope-for-argentina-to-boost-creditor-payments
Elon Musk N628TS G6 east from Brownsville, Tx to Space Coast Regional Airport-Titusville, FL
He left Titusville flew to Melbourne then on to Brownsville and then went to Hawthorne, Ca and back to Brownsville last night
GRZLY39 USMC C-560 west from Dallas Ft. Worth Int'l-origin Carlsbad, Ca
DOOM52 00000000 00000000 USAF B-52 Stratofortress' from Barksdale AFB