Shame on you for congradulating Serio for a good job! He is up to his ass in the largest insurance fraud case in American history… I bet my insurance and securities licenses on it…
The Honorable Stephen P. Lamb March 3, 2004
Vice Chancellor
Court of Chancery
State of Delaware
Dear Judge Lamb:
Re: MONY Group / AXA Financial merger
As a 30+ year member of the insurance and securities industry I submit the following report of fraud to you as required by Article 1.10d of the Texas Insurance Code.
I call your attention to a matter involving PricewaterhouseCoopers and the fraudulent financial statements of MONY Group, Inc. and what has been described by a member of the Massachusetts Insurance Fraud Bureau as perhaps the largest insurance fraud case in American history. I am a former 19 year employee that successfully sued MONY in the early 90s over my termination. As a result of discovery in that case I became aware of serious criminal acts by MONY’s senior officers and board members. I obtained a copy of an N.A.I.C. examination of the company that revealed over $600,000,000 in illegal transactions on their financial statements. I later obtained a copy of an investigation by the Florida Department of Insurance that revealed a $1.3 billion discrepancy in the surplus account. I also obtained a copy of the “Secret Phantom Stock Plan” that paid 10s of millions of dollars to officers of the company as a result of the false claims on the financial statements. Those false statements were also used to illustrate dividends on the ponzi contracts that were sold to the public as “investment grade” life insurance contracts and “guaranteed retirement plans “that resulted in billions of dollars in losses to the public.
According to the sworn affidavit of “Bush Team” endorsed CPA, R. Larry Johnson, MONY first started cooking their books in 1982. Coopers & Lybrand / PricewaterhouseCoopers has issued unqualified opinions falsely claiming to be independent on financial statements with hundreds of millions of dollars in illegal transactions. MONY’s Chairman, Michael I. Roth, is a former Coopers & Lybrand partner. Mr. Johnson, whose affidavit is available on the http://www.PWCSUCKS.com/ site, was unaware of the Florida Department of Insurance letter to Mr. Roth at the time of his affidavit and did not know of the outside financial dealings between MONY and Coopers & Lybrand that violated the auditor independence rules.
Prior to MONY’s IPO in November of 1998 the SEC first confirmed (Joseph Dimaria) that MONY had filed fraudulent financial statements with the SEC and then denied that they ever filed any statements with the SEC (Carmen J. Lawrence). MONY has in fact filed financial statements with the SEC since at least the early 70s! You may read the SEC letters on the http://www.MONYINTERNATIONAL.com/ site along with the WSJ article that was written after MONY’s IPO. The SEC claimed they were investigating MONY and couldn’t talk about it. Three years later the SEC admitted that there had never been an investigation and now refuses to answer FOI requests.
During 1998 PricewaterhouseCoopers used the fraudulent financials to take MONY public with the blessing of the SEC’s Northeastern Regional Director, Carmen J. Lawrence. Ms. Lawrence was then rewarded with the position of Copartner to Harvey Pitt at Fried, Frank, Harris, Shriver & Jacobson. Mr. Pitt was then appointed Chairman of the Securities and Exchange Commission by President Bush. Mr. Pitt and his minions at the SEC continued their refusal to answer FOIA requests to protect PWC and the illegal dealings of elected officials with MONY. Additional information about corruption at the Securities & Exchange Commission and Grand Jury Letter to Governor G. W. Bush is available @ http://www.MONYBUSH.com/ , http://www.MONYSUCKS.com/ , http://www.TAMUEX.com/
The MONY / AXA Vs Shareholders dispute before your court over the offer price cannot be settled without first having an accurate, concise and properly opined financial statement as require by law for MONY, which does not currently exist. Bluntly, MONY’s officers and board with the help of PricewaterhouseCoopers have looted a severely impaired financial institution and now ask your help in burying the corpse in a foreign company.
PWC’s Chairman Dennis M. Nally has refused to have PWC resign as MONY’s independent auditor leaving PWC to stand on both sides of this conflicted transaction in an effort to hide many years of criminal fraud by his firm.
Can you help the 100s of thousands that have been defrauded by these common thugs?
Your help will be greatly appreciated. Please do not hesitate to contact me at 817 267-2020 if you have any questions or need documentation.
Respectfully,
R. Dale Abshire
3308 Pin Oak Ln.
Bedford, Texas 76021
Subj: P & C to Dennis Nally
Date: 01/21/2004 2:59:28 PM
Dear Mr. Nally:
I am a MONY policyholder and shareholder. As you are no doubt aware PWC stands on both side of the MONY/AXA merger. I am pretty sure that you are aware of my http://www.PWCSUCKS.com web site detailing the many years of criminal conduct by your firm concerning MONY’s financial statements and the looting of the company. My children have lost millions of dollars as a result of your firms criminal activities. PWC is not and has not been independent for many years and your legal department is fully aware of it and has acted to shelter those criminal acts. How quick Andersen was forgotten!
Just because regulators took no action does not make it right. Do the right thing and resign as MONY’s auditor. It is not right for your children to attend better schools than my children with the money stolen from my children!
STAND AND BE COUNTED
If you would like to discuss this matter I can be reached at 817 267-2020.
Shame on you for congradulating Serio for a good job! He is up to his ass in the largest insurance fraud case in American history… I bet my insurance and securities licenses on it…
The Honorable Stephen P. Lamb March 3, 2004
Vice Chancellor
Court of Chancery
State of Delaware
Dear Judge Lamb:
Re: MONY Group / AXA Financial merger
As a 30+ year member of the insurance and securities industry I submit the following report of fraud to you as required by Article 1.10d of the Texas Insurance Code.
I call your attention to a matter involving PricewaterhouseCoopers and the fraudulent financial statements of MONY Group, Inc. and what has been described by a member of the Massachusetts Insurance Fraud Bureau as perhaps the largest insurance fraud case in American history. I am a former 19 year employee that successfully sued MONY in the early 90s over my termination. As a result of discovery in that case I became aware of serious criminal acts by MONY’s senior officers and board members. I obtained a copy of an N.A.I.C. examination of the company that revealed over $600,000,000 in illegal transactions on their financial statements. I later obtained a copy of an investigation by the Florida Department of Insurance that revealed a $1.3 billion discrepancy in the surplus account. I also obtained a copy of the “Secret Phantom Stock Plan” that paid 10s of millions of dollars to officers of the company as a result of the false claims on the financial statements. Those false statements were also used to illustrate dividends on the ponzi contracts that were sold to the public as “investment grade” life insurance contracts and “guaranteed retirement plans “that resulted in billions of dollars in losses to the public.
According to the sworn affidavit of “Bush Team” endorsed CPA, R. Larry Johnson, MONY first started cooking their books in 1982. Coopers & Lybrand / PricewaterhouseCoopers has issued unqualified opinions falsely claiming to be independent on financial statements with hundreds of millions of dollars in illegal transactions. MONY’s Chairman, Michael I. Roth, is a former Coopers & Lybrand partner. Mr. Johnson, whose affidavit is available on the http://www.PWCSUCKS.com/ site, was unaware of the Florida Department of Insurance letter to Mr. Roth at the time of his affidavit and did not know of the outside financial dealings between MONY and Coopers & Lybrand that violated the auditor independence rules.
Prior to MONY’s IPO in November of 1998 the SEC first confirmed (Joseph Dimaria) that MONY had filed fraudulent financial statements with the SEC and then denied that they ever filed any statements with the SEC (Carmen J. Lawrence). MONY has in fact filed financial statements with the SEC since at least the early 70s! You may read the SEC letters on the http://www.MONYINTERNATIONAL.com/ site along with the WSJ article that was written after MONY’s IPO. The SEC claimed they were investigating MONY and couldn’t talk about it. Three years later the SEC admitted that there had never been an investigation and now refuses to answer FOI requests.
During 1998 PricewaterhouseCoopers used the fraudulent financials to take MONY public with the blessing of the SEC’s Northeastern Regional Director, Carmen J. Lawrence. Ms. Lawrence was then rewarded with the position of Copartner to Harvey Pitt at Fried, Frank, Harris, Shriver & Jacobson. Mr. Pitt was then appointed Chairman of the Securities and Exchange Commission by President Bush. Mr. Pitt and his minions at the SEC continued their refusal to answer FOIA requests to protect PWC and the illegal dealings of elected officials with MONY. Additional information about corruption at the Securities & Exchange Commission and Grand Jury Letter to Governor G. W. Bush is available @ http://www.MONYBUSH.com/ , http://www.MONYSUCKS.com/ , http://www.TAMUEX.com/
The MONY / AXA Vs Shareholders dispute before your court over the offer price cannot be settled without first having an accurate, concise and properly opined financial statement as require by law for MONY, which does not currently exist. Bluntly, MONY’s officers and board with the help of PricewaterhouseCoopers have looted a severely impaired financial institution and now ask your help in burying the corpse in a foreign company.
PWC’s Chairman Dennis M. Nally has refused to have PWC resign as MONY’s independent auditor leaving PWC to stand on both sides of this conflicted transaction in an effort to hide many years of criminal fraud by his firm.
Can you help the 100s of thousands that have been defrauded by these common thugs?
Your help will be greatly appreciated. Please do not hesitate to contact me at 817 267-2020 if you have any questions or need documentation.
Respectfully,
R. Dale Abshire
3308 Pin Oak Ln.
Bedford, Texas 76021
Subj: P & C to Dennis Nally
Date: 01/21/2004 2:59:28 PM
Dear Mr. Nally:
I am a MONY policyholder and shareholder. As you are no doubt aware PWC stands on both side of the MONY/AXA merger. I am pretty sure that you are aware of my http://www.PWCSUCKS.com web site detailing the many years of criminal conduct by your firm concerning MONY’s financial statements and the looting of the company. My children have lost millions of dollars as a result of your firms criminal activities. PWC is not and has not been independent for many years and your legal department is fully aware of it and has acted to shelter those criminal acts. How quick Andersen was forgotten!
Just because regulators took no action does not make it right. Do the right thing and resign as MONY’s auditor. It is not right for your children to attend better schools than my children with the money stolen from my children!
STAND AND BE COUNTED
If you would like to discuss this matter I can be reached at 817 267-2020.
Sincerely.
R. Dale Abshire