Chutzpah – STOLI Fraudster Claims Hardship Felon Seeks Release from Home Confinement in Luxury Apartment in New York City Post 4931 Read the full article at https://www.linkedin.com/pulse/chutzpah-stoli-fraudster-claims-hardship-barry-zalma-esq-cfe-8jbhc, see the full video at and at and https://zalma.com/blog plus more than 4900 posts. Insurance Fraud is a serious crime, especially when it takes advantage of the elderly to defraud insurers in a Stranger Originated Life Insurance (STOLI) scheme. In United States Of America v. Michael Binday, No. 12 CR 152 (CM), United States District Court, S.D. New York (November 4, 2024) the defendant continued to use the wealth he gained from his fraud to impose on the courts of the United States with frivolous and unfounded motions. BACKGROUND Michael Binday was sentenced to 144 months’ imprisonment after being found guilty of conspiracy to commit mail and wire fraud, as well as actual mail and wire fraud. The evidence at trial established that Binday led his codefendants in a scheme designed to procure “stranger-originated life insurance” (or “STOLI”) policies-policies on the lives of seniors for the benefit of investors who were strangers to them- by means of fraudulent applications. Binday spent the first five years of his sentence at FCI Otisville. But in September 2021, during the height of the COVID-19 Pandemic, the Bureau of Prisons released Binday to serve his sentence on home confinement. Thus, Binday has spent the last three-plus years serving his sentence in his luxury apartment on the upper westside of Manhattan. His sentence is scheduled to end on September 20, 2025. Binday filed: (1) a motion for compassionate release and (2) a motion pursuant to Rule 60(b) of the Federal Rules of Civil Procedure seeking to vacate the judgement of this Court dated May 23, 2018, denying his first petition. Michael Binday and his two codefendants, James Kergil and Mark Resnick, were found guilty of conspiracy to commit mail and wire fraud; mail fraud; and wire fraud in connection with a scheme to defraud insurance companies which the defendants purported to serve as agents. Binday led his codefendants in a scheme designed to procure “stranger-originated life insurance” (or “STOLI”) policies-policies on the lives of seniors for the benefit of investors who were strangers to them- by means of fraudulent applications. Over the course of their scheme, the defendants submitted at least 92 fraudulent applications, resulting in the issuance of 74 policies with a total face value of over $100 million. These policies generated roughly $11.7 million in commissions to the defendants. Binday was sentenced to 144 months’ imprisonment. BINDAY SURRENDERS Binday surrendered on July 1,2016, to FCI Otisville to commence his term of imprisonment and immediately filed motions for compassionate release, reversal of his convictions, and multiple other motions. On July 1, 2024, Binday-who is serving his sentence in his Manhattan apartment- filed a renewed motion for compassionate release. Binday Failed to Demonstrate Extraordinary and Compelling Circumstances As a threshold matter, it is worth emphasizing that Binday is not asking to be released from prison, but rather, to be relieved of the inconveniences associated with the rules of home confinement. He has served the last 38 months in his apartment on the upper west side of Manhattan (not at all what the Court intended when he was sentenced). How much more inconvenient it would be if he were back at Otisville- where the Court intended that he would serve his sentence. Binday’s crimes were serious. As the court explained when he was sentenced to 144 months in prison: Venality, rampant mendacity, the creation of false documents, obstruction of efforts by the victims to ascertain the truth, obstruction of regulators and the government’s efforts to learn the truth, Binday’s actions were precisely the sort of criminality that has left large segments of our society convince that all businessmen are crooks. Insurance fraud may not qualify as a crime of violence within the meaning of the federal sentencing system and that, unfortunately, is why it is all too often punished not with the severity that it deserves. As it is, Binday’s home confinement means that he is subject to far less stringent conditions than he would be otherwise. In that regard, he got more of a break than he deserves. The motion for compassionate release was denied. ZALMA OPINION STOLI fraud is a type of fraud on insurers that effects the straw buyers, usually older men and women who have no need for life insurance, is a truly venal act that deserves serious punishment. Binday stole millions from insurers, owns a luxury apartment in the Upper West Side of New York, and wants to be released from the confinement when he should have stayed in federal prison. He has abused the courts with his multiple motions and appeals and will serve out the remainder of his sentence and the DOJ and FBI should look into his current conduct since there is, in my opinion, the possibility that he is funding his attorneys fees with more fraud. (c) 2024 Barry Zalma & ClaimSchool, Inc. Please tell your friends and colleagues about this blog and the videos and let them subscribe to the blog and the videos. Subscribe to my substack at https://barryzalma.substack.com/subscribe Go to X @bzalma; Go to Newsbreak.com https://www.newsbreak.com/@c/1653419?s=01; Go to Barry Zalma videos at Rumble.com at https://rumble.com/account/content?type=all; Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg Go to the Insurance Claims Library – https://lnkd.in/gwEYk

Investors and Gamblers Are Betting on Trump - Ep 984 https://www.youtube.com/watch?v=YjwiURtY24o

Gold Hits Record Highs In 2024, gold has experienced a meteoric rise, with its price increasing by 31.93% since the start of the year. According to the most recent data from contracts for difference (CFD) that track benchmark gold markets, the precious metal reached an all-time high of $2,722.51 per troy ounce in October. This new record has captured the attention of investors worldwide, reigniting discussions on the role of gold in uncertain economic times. Gold prices increased by over 50% under Trump's presidency, and has increased by another 37% during Biden's. Gold is widely regarded as a "safe metal. Other suggest that prices could reach as high as $2,800 or even $3,000 under certain conditions. Overall, the outlook for gold remains positive, with expectations of further increases as economic conditions evolve. Current Gold Price TrendsGold has indeed experienced a significant increase in price, rising by $658.62 per troy ounce, which translates to a 31.93% increase since the beginning of 2024. This surge is attributed to various factors, including heightened market uncertainties and gold's status as a safe asset during times. Future looking on gold prices may continue to rise. For instance, Goldman Sachs forecasts an average price of $2,133.00 per ounce for 2024. According to Capex, investment bank Goldman Sachs forecasts an average price of $2,133.00 for the precious metal in 2024. According to analysts, XAUUSD will trade above the market consensus due to the increasing fear index and safe status are good. He points turning after to the 2020 pandemic, Breakup could level off or decrease. While he believes $3,000 is possible, Kibbel suggests a more realistic target of up to $2,800 in 2024.... Here's the image that represents the surge in gold prices, featuring gold bars and a rising arrow, symbolizing financial growth. It also includes elements related to contracts for difference (CFDs), reflecting how traders track gold's value.

Studio Joe on ok.ru wrote: He met at a restaurant with 2 "investors" who wanted to market his invention. During the dinner he jumped up, said "I've been poisoned!", ran outside, collapsed & died. Several days later men in dark suits showed up at his lab and confiscated all his blueprints, notes and working models.

Guess who’s one of the biggest investors….Kamala husband, Blackrock and Vanguard...

We'll tell you any shit you want to hear. What policies did Harris propose? The vice president and her campaign floated more than a dozen economic policies Friday. They include: Combating “price gouging” on groceries and food by authorizing the Federal Trade Commission to impose large fines on grocery stores that impose “excessive” price hikes on customers. Eliminating medical debt for millions of Americans, possibly by using federal funds to buy and forgive outstanding debt from health providers. Capping the out-of-pocket cost of insulin at $35 per month for all Americans. Limiting Americans’ annual out-of-pocket spending on prescription drugs to $2,000. Providing up to $25,000 in down payment support for more than 1 million first-time home buyers. Calling for the construction of 3 million new housing units over the next four years. Expanding an existing tax incentive for developers who build affordable rental housing. Removing tax benefits for Wall Street investors who bulk buy single-family rental homes. Preventing corporate landlords from using algorithmic price-setting tools to increase rents by large margins. Passing a child tax credit that would provide $6,000 per child to families for the first year of a baby’s life. Expanding the Earned Income Tax Credit for lower-wage workers by up to $1,500. Notice that every one of Harris’s proposals is designed to cut the cost of living — whether in terms of food, medicine, housing or child care. And nearly all of her plans are “populist” as well, involving government intervention against corporate interests on behalf of consumers. “I know that most businesses are playing by the rules and creating jobs,” Harris said Friday. “But some are not, and we need to take action when that is the case.”

https://childrenshealthdefense.org/defender/all-things-bugs-bill-gates-military-investors-gmo-insect-protein-humans/?utm_source=luminate&utm_medium=email&utm_campaign=defender&utm_id=20240802

Huh, say that again President Trump, They gave the DNC server to Crowdstrike? CrowdStrike is a publicly traded cybersecurity technology company, so it is owned by its shareholders. It was co-founded by George Kurtz (CEO), Dmitri Alperovitch, and Gregg Marston in 2011. CrowdStrike has received investments from a variety of sources, including venture capital firms and public investors. Some notable investors in CrowdStrike include: Warburg Pincus: A private equity firm that was an early investor. Accel: A venture capital firm that has been a significant investor in CrowdStrike. CapitalG: Google's growth equity investment fund, which has also invested in the company. IVP (Institutional Venture Partners): Another venture capital firm that has invested in CrowdStrike. Since CrowdStrike is a publicly traded company, many institutional and retail investors also own shares of the company. CrowdStrike has a significant amount of institutional investors. Some of the largest shareholders include Vanguard Group Inc., BlackRock Inc., Jennison Associates LLC, Clearbridge Investments LLC, Morgan Stanley, and Norges Bank​ (MarketBeat)​. Additionally, firms like Bank Julius Baer & Co. Ltd Zurich and Renaissance Technologies LLC have also made substantial investments in CrowdStrike stock​ (MarketBeat)​. OK, now it all makes sense.

https://www.eurasiantimes.com/11-years-in-a-row-chinese-investors-dominate/

McKinsey Study That Spawned Corporate DEI Programs Unravels https://www.dailysignal.com/2024/07/03/bogus-study-heart-corporate-dei/ As the wind slowly goes out of the sails of corporate diversity, equity, and inclusion programs, it’s worth noting just how much purveyors of this nonsense have peddled their ideology under the false premise of data, science, and research. The Wall Street Journal published an article Friday about how the consulting firm McKinsey announced in 2015 that it had “found a link between profits and executive racial and gender diversity.” This research was “used by investors, lobbyists, and regulators to push for more women and minority groups on boards, and to justify investing in companies that appointed them.