Tuesday, December 31, 2013

Khordokovsky: He is free, but, his money is still imprisoned? Stichting!

Yes, this is a long one. And the third post of the day!
 But, I do hope you take the time to read it all. Most interesting stuff.
Don't miss two previous postings. So much going on!
Khordokovsky- fascinating stuff. Especially the Stichting!

 2nd post- Experts fear Russia attacks are terrorist probes ahead of Sochi Olympics


1st posting  Egypt's Counter Revolution: As the Army solidifies power

* Recently, a certain oligarch was freed. But, his wealth remains out of reach? 
Perhaps because it was not really his wealth? 
Despite common themes and memes, Putin is not the issue where Khordokovsky's wealth or lack of wealth is concerned........

Mr Khodorkovsky, the man who plundered a nation and it’s people, was released a bit earlier then his scheduled August 2014 release. Is he going to play the role of antagonist.
A cage- good home for banksters

Or will he fade from view?
 I am linking an interesting article from NYT’s regarding Mr Khodorkovsky and his money? Or his lack of money? (It will be the 2nd to last link in the post) 
Does this alleged multi billionaire still have his billions?
Did he ever really have the wealth we were told he accumulated? Or was he a low level player?
Was Khodorkovsky  a pawn. Played by bigger pieces on the chessboard
You may want to read 2 previous posts and some additional info I am relinking before the NYT’s article?
Could  help clarify Khodorkovsky’s dilemma where his money, or lack there of, is concerned.

Flashback time: December 2010- Mikhail Khodorkovsky & Platon Lebedev found guilty of embezzlement.

“In 2003, when Khodorkovsky was arrested, he signed over all his shares in Yukos, to one Jacob Rothschild, of the Rothschild banker and Oil family.

    The Rothschilds have financed oil exploration in Russia since the Tsarist period, while Lord Rothschild has close connections with Yukos.”

If all the top Yukos managers were unable to carry out the role, Lord Rothschild would take over, the company official told Kommersant on condition of anonymity”
There are two viable links contained in the above relinked post.  BBC and Washington Times- Read them.
Cause, I am not making this stuff up. Khodorkovsky signed over all his shares in Yukos to Jacob Rothschild.

If you have more time to spare as we get ready for the new year, this may interest you too
Flashback # 2: December 2010- The Khodorkovsky saga-Western Style Transparency Part 1

For more background a piece from William Engdhal January 2011 @ Voltaire

http://www.voltairenet.org/IMG/gif/khodor-eltsin250.gif
Cheezy moustache on Khodorkovsky with western drunkard and puppet Yeltsin
Russian Tycoon Is Free, but His Money Is Still Tied Up
Love how NYT’s calls him a ‘tycoon’ Makes me laugh. He is just a well connected opportunistic  thief and leech ( To drain the essence or exhaust the resources of) on the real wealth makers of any society.
The people. The masses.
I will highlight the very curious bits.............
Before he went to prison 10 years ago, Mikhail B. Khodorkovsky was Russia’s richest man, worth maybe $15 billion. Set free this month, he could only guess at his vastly depleted, but still formidable, wealth.

“I have no idea about my financial situation,” he told journalists in Berlin, where he was whisked on a private plane straight from a Russian penal colony.
Really, he has no idea?

He was not being coy. As Russian prosecutors began dismantling his company, Mr. Khodorkovsky’s lawyers set about safeguarding his main asset, shares in the Yukos oil company. His lawyers did such a good job entangling billions of dollars in offshore vehicles outside of Russia, mostly in the Netherlands, that it is far from clear when or if Mr. Khodorkovsky will ever gain access to what is left of his fortune.
He signed the shares over to Jacob Rothschild in 2003. How could those be his main assets?

If all the top Yukos managers were unable to carry out the role, Lord Rothschild would take over, the company

The money is now under the control of Dutch foundations, run by boards known by the benign, if Kafkaesque(?), term of benevolent interveners. ( I was thinking Orwellian myself)
Doesn't seem to be much benevolence in this intervention
There is little doubt that Mr. Khodorkovsky still has tens of millions of dollars in other investments. (notice how we have gone from billions to tens of millions?)He is not going to go hungry. In a news conference after his release, he said he had “enough money to make a living.” Striking a philosophical note, he also said he was certainly better off than most of his fellow convicts.
But that is a pittance compared with what could still be his personal stake in what is left of Yukos, once one of the world’s largest oil companies, now bankrupt. There may be as much as $920 million from the sale of the company’s overseas assets, but it is locked up in the Dutch foundations.
Control of these legal entities, called stichtings in Dutch law, is in the hands of independent boards not beholden even to the beneficiaries, possibly including Mr. Khodorkovsky. The boards are wholly autonomous, run by lawyers and former oil company executives who have found a second career in the corporate afterlife of Yukos.
This legal entity called stichtings run by lawyers and former oil company executives?
If all the top Yukos managers were unable to carry out the role, Lord Rothschild would take over, the company
If there are no "former" oil company executives and all shares were taken over by Lord Rothschild, who controls this stichting? It would seem to be a Rothschild controlled enterprise, no?
The legal insulation of these foundations (Legal insulation- which means outside of or above the law) means that not only will Mr. Khodorkovsky have to wait before seeing any proceeds, but he cannot offer assurances to President Vladimir V. Putin of Russia or anyone else about how this legal process will unfold. Looming in the future is the possibility of protracted legal battles with Russia and the Russian state oil company Rosneft.

“This happened a year and a half after Khodorkovsky was arrested, and he didn’t have a hand in it and didn’t even know about it,” said Bruce K. Misamore, the former chief financial officer for Yukos. “We’ve been fighting to protect those assets for eventual distribution to shareholders of Yukos.”
He didn't even know about it? Not believable.

He and others emphasized those shareholders also included pension and mutual funds that invested in Yukos. “We will disburse the funds at the first opportunity,” Mr. Misamore said, but that could be many years from now because of pending lawsuits.
Without the efforts of the benevolent interveners, all the shareholders including Mr. Khodorkovsky would most likely have been wiped out, fully absorbed into Rosneft.
While they have a fiduciary responsibility to move as quickly as possible, the legal process has been slow. A lawsuit to recoup $100 billion from the bankruptcy of Yukos in the European Court of Human Rights dragged on for seven years, ending inconclusively.
A new suit filed in May by the benevolent interveners could last as long. Cases are also pending in Britain and the Netherlands.
The five trustees on each board of the two foundations and their lawyers, deduct “a few million” a year for legal fees and for a “market-based compensation” as directors, Mr. Misamore said.
After his release, Mr. Khodorkovsky told interviewers in Germany that he had offered President Putin assurances in a letter that he would not participate in politics and not seek to regain his shares of Yukos, though the details were unclear. Switzerland has granted Mr. Khodorkovsky a three-month visa.
It is doubtful Mr Khodorkovsky has any shares in Yukos to regain. Making that an easy enough promise.
What is clear is that the lawyers now controlling Yukos’s legacy assets made no such promise.
 Further muddying Mr. Khodorkovsky’s potential claim to the remnants of Yukos, and the right to sue over them in court, is his vow to give up all his shares in Yukos’s parent company, Menatep.
 Menatap is covered in flashback # 2- Just scratching the surface stuff, but, at least if you are really interested some background is there
He was apparently acting on the advice of consultants who said they believed this would reduce his punishment; it did nothing of the sort. In the end, he was sentenced to eight years, followed by a second sentence of six more years.
At the time of his arrest, Mr. Khodorkovsky owned 60 percent of Menatep and thus about 42 percent of Yukos indirectly, equivalent to about $920 million of the $2.2 billion now held in the Dutch foundations.
He said he had given the personal shares of Yukos to a business partner, Leonid B. Nevzlin, who lives in Israel. Mr. Nevzlin could not be reached for comment
Leonid B Nevzlin. Is this a lawyer for Jacob Rothschild?
By law, the Dutch foundations can disburse no money until the lawsuits are resolved. The benevolent interveners are pursuing cases around the world and defending against claims from Russian state-controlled companies. They recently won $180 million from a subsidiary of the Russian state oil company in a case in federal court in New York.
The strategy can be profitable for years to come, though in this phase of the Yukos saga the legal fees run high, Mr. Misamore conceded. “This is the nature of the system,” he said. “The lawyers always win.”
Prison, Mr. Khodorkovsky said, had changed his thinking. Once a member of the youth wing of the Communist Party, he made his first fortune in a scheme allowing Soviet enterprises to convert their worthless ruble bank accounts into cash.
Later, he bought privatized oil fields for a pittance, joining the ranks of the world’s richest men on the back of assets built over decades by Communists. Prison, he said, made him think about people and not the “industrial scrap” he fought so fiercely for before.
At the news conference after his release, Mr. Khodorkovsky said he intended to focus now on human rights rather than business and said he was still trying to catch up on the details of his finances.
“I won’t sin against the truth if I say I have no idea about my financial situation,” he said. “I met only one of my former partners so far. Not because we stopped being friends, but because we stopped doing business together. I think I will deal with this situation.”
http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2010/12/15/1292438424222/Mikhail-Khodorkovsky-007.jpg


And finally! A stichting.  What in the hell is that? Being a person of ordinary means I had never even heard this word previously. An explanation of "Stichting"
Very briefly- 

Definition of a ‘stichting’; no members and no (profit) distributions allowed
  1. A stichting is a legal person formed by means of a juridical act, that has no members, and that intends to realise an objective (purpose), mentioned in its articles of incorporation, by using capital (property) which has been brought in for this purpose.
  2. If the articles of incorporation grant one or more persons the power to fill vacancies in a body of the stichting, then solely on this ground the stichting cannot be regarded to have members.
  3. The objective (purpose) of a stichting may not include the making of distributions to its founders (incorporators) or to those who are participating in its bodies or to others, except, as regards the latter, when these distributions are made for charitable (philanthropic) or social purposes.’
The stichting needs a minimum of one director who can be a corporate director (company or other stichting).

More on 'stichting' at the link above

35 comments:

  1. It is so difficult to tell what Lord Jacob Rothschild is really worth.

    - Aangirfan

    ReplyDelete
    Replies
    1. Especially when there are entities like 'stichtings or dutch funds that make it easier to hide wealth..

      Delete
    2. . . . all-the-more-so, aangirfan, when your very own homesite bans the mere mention of His Ubermenschen himself . . .

      Delete
    3. anonymous 3:55 am

      aangirfan bans the mention of his name?
      I don't know a thing about this.

      Delete
  2. weve seen it done to serbs and weve seen it done to libyans...the jihadi Dr Mengeles dont just have a taste for human flesh, they also need fresh organs for their crew of zombies

    Organ theft from Syrian, operation conducted in Turkey: See this news report from ANNA (Abkhazian news agency) at 4.33 min video provides new information that terrorists have captured and sent people as prisoners to Turkey, where against their will various internal organs are surgically removed. A young man back in Syria shows his scares, a kidney has been removed. He said that usually, after such operations, people were killed, especially those who were in poor health, but for some reason he was not killed. His postoperative condition was normal. He managed to escape! English subtitles available with the video just click on the “captions box” in the bottom right of the video. http://youtu.be/4hClkc_20b4

    ReplyDelete
  3. i doubt Khordokovsky is 'free': he will be charging for his services!

    ReplyDelete
    Replies
    1. so true brian, so true and a very good comment
      made me chuckle

      Delete
    2. You're all so nasty and cynical, don't you know he's a reformed man; he says so himself, it must be true-
      I’m not interested in power or lost Yukos assets, but care about people
      He's not bad or mad, he's just misunderstood.

      Happy 2014 :-)

      Delete
    3. Hi Mr Nice Guy!
      Nasty and cynical,
      who me?!
      Not nasty but definitely a complete cynic!
      Happy 2014 to you too
      Second thought on the nastiness... only if necessary ;)


      Delete
  4. . . . all-the-more-so, aangirfan, when your very own homesite bans the mere mention of His Ubermenschen himself . . .

    ReplyDelete
  5. http://ikhras.com/dr-bashar-jaafari-meets-with-syrian-americans-in-los-angeles/

    ReplyDelete
  6. Fuvk Khakorovski & the Rothschilds.... Thanks for your work and sharing Penny... Peace & harmony to all good souls for 2014

    ReplyDelete
    Replies
    1. Thanks for reading!
      "Peace & harmony to all good souls for 2014"
      I like that wish :)
      hell it gets a double smile :)

      Delete
  7. equally interesting yet is why the Germans, and specifically one of Germany's uber politicos, a Kohl man like the current Finmin, so aggressively lobbied for his releases. Note the history of the German elder back channel negotiator going back to Munich.

    ...of course there is also that nubby issue of Bank of NY transfers, Gorby, Safra, and odd house fire in Monaco, Cantor, etc

    ReplyDelete
    Replies
    1. equally interesting yet is why the Germans, and specifically one of Germany's uber politicos, a Kohl man like the current Finmin, so aggressively lobbied for his releases.

      very interesting indeed

      and all the other stuff
      the odd house fire in Monaco, can you dish on that please
      completely unfamiliar
      unless.... was this somehow connected with the whole magnitsky affair
      cause there was something about a fire involving that and a banker died..
      so long ago and so many items..

      Delete
  8. for those unaware, an australian team of Wikileaks party members (including Julian Assanges father) and Hands of Syria members, led by Prof Tim Anderson of sydney Uni have been so syria,fact finding, spoken to syrians to te gvt and president Assad and returtned to a storm of criticism from the political duoply, the media, wikileaks and others:
    here one person who went responds
    http://jamaldaoud.blogspot.com.au/2014/01/why-attack-on-wikileaks-party.html

    where we learn that kids in ADRA had been thrown into ovens...why is this ignored when the never-happened Iraq war lie of the Baby incubators got plenty of traction

    Wayne Sonters:
    https://www.facebook.com/notes/tim-anderson/wayne-sonter-syria-the-attacks-on-wikileaks-and-the-sydney-morning-herald/10151898021206234

    my letter to antony Lowenstein on his response:
    https://www.facebook.com/notes/brian-souter/my-letter-to-antony-loewenstein-on-his-view-of-president-assad-of-syria/602141749834426

    together these paint a dim picture of media objectivity and suggest connaivance thru the media political aparatus

    ReplyDelete
    Replies
    1. thanks for sharing brian
      and hoping everyone checks out your info

      Delete
  9. Hey sweetie, just wanted to pop in a wish you a belated Happy New Year! I will try to give you a call next week for a good catch up!!

    Buffy

    ReplyDelete
    Replies
    1. hey buffy

      thanks so much, and hoping for better this year..
      globally anyway, like a mass opting out of the bullshit
      and people starting to jam the wheels
      you know push back instead of moving along

      we just had the darling one home for a visit, so it's been busy..
      always too short, but, work and life
      what are you gonna do?

      Delete
  10. Hi Penny, happy new year and all that. I wanted just drop you a link to a nice video explaining with a song what the Quenelle is all about. https://www.youtube.com/watch?v=3qgxZ6JEynk

    ReplyDelete
    Replies
    1. thanks so much gallier!
      now I can check it out
      I was trying to get the gist of this movement but so much of it is in francais
      and my french is extremely limited
      I saw the story out of Israel warning the 'chosenites' about this trend
      whatever
      look forward to watching it and all the best in 2014

      Delete
  11. And here an excellent summary of the Quenelle situation in France
    http://www.counterpunch.org/2014/01/01/the-bete-noire-of-the-french-establishment/

    ReplyDelete
    Replies
    1. The Saker has another post up on this topic
      La "quenelle" now in music!!

      It is ironic and amusing that the 'la Quenelle' movement is against the ruling elite and the jews are identifying with that elite by taking it 'personally'. By doing this they are saying, "we are the ruling elite"

      Delete
    2. Indeed. The same thing, especially in France, about 911. When someone says that 911 was an inside job and that the US administration was involved, we have the same lobby (CRIF, LICRA, LDJ etc) who take it personnaly and equate such claims with "negationism" the slanderous term for historical revisionism. There is no more obvious proof that Israel and mossad were involved than that.

      Delete
    3. "and the jews are identifying with that elite by taking it 'personally'. By doing this they are saying, "we are the ruling elite"

      yes they are

      good observation james

      Delete
    4. gallier
      thanks so much, as I hope you can see all your info made it into a post
      :)

      Delete
  12. just a quick send out to everyone who has graced the blog with their productive presence

    karin, where you at?
    hope you have been well? haven't seen hide nor hair of you
    freethinker- you haven't disappeared have ya?
    kamnam
    james
    mcj
    winter
    john
    AP, hope your reading?
    kenny
    saker
    Arevordi
    Paul
    Greg

    NTS (mend well brother, mend well)
    Aang
    and one last person, I often think about and wonder how he made out in Syria
    Tozz
    Hopefully 2014 will bring some semblance of peace to Syria at least that is my wish.
    Sadly I do not think it is to be
    That said the Syrian people are just amazing in my book.
    All the best to everyone and anyone I may have forgotten to name my apologies.


    "Truth exists; only lies are invented."


    ReplyDelete
    Replies
    1. Happy New Year to you Penny.

      Let's hope 2014 brings a peaceful sloution to the war on Syria and an end to the hostility towards Iran. And though it seems impossible, may justice come for the Palestinians.

      Delete
  13. media support for islamic terrorism: lies to mislead the public in support of a war of aggression by some very nasty customers
    https://www.facebook.com/photo.php?fbid=10202201357288329&set=a.10202193457330835.1073741890.1021408357&type=1&theater

    ReplyDelete
  14. Ammar Waqqaf ‏@ammarman 2h
    Hatay Governor: Guns & Ammo are being sent to Syria under the control of government & MİT and no one is stopping it. pic.twitter.com/aiEZEfFiUk
    Retweeted by Phil Greaves

    ReplyDelete
  15. Garikai Chengu ‏@ChenguGold 13h
    As with the diagnosis of capitalism as a cancer, in all cancerous pathologies a living organism’s immune system fails to recognise the tumor
    Expand Reply Retweet Favorite More
    Garikai Chengu ‏@ChenguGold 13h
    There are no garbage dumps of unusable matter in nature.
    Expand Reply Retweet Favorite More
    Garikai Chengu ‏@ChenguGold 13h
    In pre-capitalist societies and natural systems, resources and final goods are linked. Organic matter circulates, being re-used constantly.

    ReplyDelete
  16. times have changed:
    Garikai Chengu @ChenguGold 12h
    During the 1800s, governments would hang speculators. Nowadays, speculators take the form of Wall Street bankers who own governments.

    Garikai Chengu @ChenguGold 13h
    The problem is that capitalism has infected democracy, such that governments put the interests of profit before the environment.

    Garikai Chengu @ChenguGold 13h
    Governments in democratic systems are supposed to defend the environment from the excesses of capitalism.

    Garikai Chengu @ChenguGold 13h
    The media, universities, and governments do not recognise the capitalist system’s malignant growth, but actively collaborate with it.

    Garikai Chengu @ChenguGold 13h
    As with the diagnosis of capitalism as a cancer, in all cancerous pathologies a living organism’s immune system fails to recognise the tumor

    ReplyDelete
  17. afghanistan before the USA/mujahadeen took over http://blogs.denverpost.com/captured/2013/01/28/podlich-afghanistan-1960s-photos/5846/ some good comments from people also reiminiscing

    ReplyDelete
  18. 'We don’t just need men and money. We need communities. We are building the Islamic state. Join us as it is becoming extremely difficult to enter through the borders.”'

    isnt this like the Kibbutz movement only murderous?
    what young british islamist males are doing in syria: a look at abnormal religious psychology
    http://www.vice.com/en_uk/read/syrian-jihadist-selfies-tell-us-a-lot-about-their-war

    ReplyDelete

TROLLS & SPAM WILL BE DELETED WITHOUT HESITATION
KEEP IT RELEVANT. NO PERSONAL ATTACKS