Thursday 18 April 2024

Capital gains tax change draws ire from some Canadian entrepreneurs worried it will worsen brain drain

 

---------- Original message ---------
From: Chrystia Freeland <Chrystia.Freeland@fin.gc.ca>
Date: Thu, Apr 18, 2024 at 9:32 AM
Subject: Automatic reply: Methinks Pierre Poilievre should check my work ASAP N'esy Pas?
To: David Amos <david.raymond.amos333@gmail.com>


The Department of Finance acknowledges receipt of your electronic correspondence. Please be assured that we appreciate receiving your comments.

Le ministère des Finances Canada accuse réception de votre courriel. Nous vous assurons que vos commentaires sont les bienvenus.
 
 
---------- Original message ---------
From: David Amos <david.raymond.amos333@gmail.com>
Date: Thu, Apr 18, 2024 at 9:31 AM
Subject: Methinks Pierre Poilievre should check my work ASAP N'esy Pas?
To: <rphillips@theccf.ca>, SRField <rpm77nsbc@protonmail.com>, <dlametti@fasken.com>, waynenarvey <waynenarvey@hotmail.com>, Dana-lee Melfi <dana_lee_ca@hotmail.com>, <Vincent.gircys@gmail.com>, prontoman1 <prontoman1@protonmail.com>, <senseirude@hotmail.com>, <newsnotnoise@protonmail.com>, <Chidakash@protonmail.com>, <paulajtucci@gmail.com>, <Tom@icareinsurance.ca>, <educatorsforhumanrights@protonmail.com>, <nancyobee@protonmail.com>, <vickie@vaccinechoicecanada.com>, <gisele@vaccinechoicecanada.com>, <tino@lcddash.com>, <anyakreynes@gmail.com>, <Shirley.guertin@protonmail.com>, <alanbrough@prontonmail.com>, <sciencej@protonmail.com>, <dione@librti.com>, <roman@librti.com>, <drpierremilot@protonmail.com>, mcu <mcu@justice.gc.ca>, Marco.Mendicino <Marco.Mendicino@parl.gc.ca>, fin.minfinance-financemin.fin <fin.minfinance-financemin.fin@canada.ca>, pm <pm@pm.gc.ca>, pierre.poilievre <pierre.poilievre@parl.gc.ca>, Katie.Telford <Katie.Telford@pmo-cpm.gc.ca>, kingpatrick278 <kingpatrick278@gmail.com>, Michael.Duheme <Michael.Duheme@rcmp-grc.gc.ca>, <Denis.Beaudoin@rcmp-grc.gc.ca>, <ngroot@investigationcounsel.com>, <tim.wilbur@keymedia.com>, <bkofman@ksvadvisory.com>, National Citizens Inquiry <info@nationalcitizensinquiry.ca>, jcarpay <jcarpay@jccf.ca>, jagmeet.singh <jagmeet.singh@parl.gc.ca>, <media.medias@fintrac-canafe.gc.ca>, blaine.higgs <blaine.higgs@gnb.ca>, premier <premier@ontario.ca>, premier <premier@gov.ab.ca>, PREMIER <PREMIER@gov.ns.ca>, Office of the Premier <scott.moe@gov.sk.ca>, premier <premier@gov.pe.ca>, premier <premier@gov.nl.ca>, premier <premier@leg.gov.mb.ca>, premier <premier@gov.bc.ca>, <jcooper@torontolegalresearch.com>, ministryofjustice <ministryofjustice@gov.ab.ca>, czwibel <czwibel@ccla.org>, <contact@fedsforfreedom.ca>, ian <ian@mccuaiglaw.ca>, <mjackson@fieldlaw.com>, freedomreport.ca <freedomreport.ca@gmail.com>, Christopher Scott <chris.scott@whistlestoptruckstop.ca>, sheilagunnreid <sheilagunnreid@gmail.com>, stefanos.karatopis <stefanos.karatopis@gmail.com>, lgrey <LGrey@gwsllp.ca>, <info@lawyers4truth.ca>, <brianpeckford@gmail.com>, <ted@vaccinechoicecanada.com>, <alanjm@idirect.com>, <benitapedersen@hotmail.com>, KMartin <KMartin@postmedia.com>, Nathalie.G.Drouin <Nathalie.G.Drouin@pco-bcp.gc.ca>, PABMINMAILG <PABMINMAILG@cra-arc.gc.ca>, dominic.leblanc <dominic.leblanc@parl.gc.ca>, <DerekRants9595@gmail.com>, Dominic.Cardy <Dominic.Cardy@gnb.ca>, ragingdissident <ragingdissident@protonmail.com>, <joseph.adinolfi@dowjones.com>



Thursday 18 April 2024

Capital gains tax change draws ire from some Canadian entrepreneurs worried it will worsen brain drain

 
 
 

Capital gains tax change draws ire from some Canadian entrepreneurs worried it will worsen brain drain

Some say government sending wrong message while others say tax hike is only fair

 
Jenna Benchetrit · CBC News ·
The federal government tabled the 2024 budget on Tuesday, which relies on revenue from an increase to the capital gains inclusion rate. A chorus of Canadian entrepreneurs and investors is blasting the proposed change, which they say will worsen brain drain and further degrade Canada's poor record on productivity. (Jean-François Benoit/CBC)

A chorus of Canadian entrepreneurs and investors is blasting the federal government's budget for expanding a tax on the rich. They say it will lead to brain drain and further degrade Canada's already poor productivity.

In the 2024 budget unveiled Tuesday, Finance Minister Chrystia Freeland said the government would increase the inclusion rate of the capital gains tax from 50 per cent to 67 per cent for businesses and trusts, generating an estimated $19 billion in new revenue.

Capital gains are the profits that individuals or businesses make from selling an asset — like a stock or a second home. Individuals are subject to the new changes on any assets over $250,000.

The government estimates that the changes would impact 40,000 individuals (or 0.13 per cent of Canadians in any given year) and 307,000 companies in Canada.

However, some members of the business community say that expanding an asset's taxable amount will devastate productivity, investment and entrepreneurship in Canada, and might even compel some of the country's talent and startups to take their business elsewhere.

Benjamin Bergen, president of the Council of Canadian Innovators (CCI), said the capital gains tax has overshadowed parts of the federal budget that the business community would otherwise be excited about.

"There were definitely some other stars in the budget that were interesting," he said. "However, the ... capital gains piece really is the sun, and it's daylight. So this is really the only thing that innovators can see."

The CCI has written and is circulating an open letter signed by more than 150 people in the Canadian business community to Trudeau's government asking it to scrap the tax change.

Shopify CEO Tobi Lütke and president Harley Finkelstein also weighed in on the proposed hike on X, formerly known as Twitter.

Former finance minister Bill Morneau said his successor's budget disincentivizes businesses from investing in the country's innovation sector: "It's probably very troubling for many investors."

Canada's productivity — a measure that compares economic output to hours worked — has been relatively poor for decades. It underperforms against the OECD average and against several other G7 countries, including the U.S., Germany, U.K. and Japan, on the measure. 

Bank of Canada senior deputy governor Carolyn Rogers sounded the alarm on Canada's lagging productivity in a speech last month, saying the country's need to increase the rate had reached emergency levels, following one of the weakest years for the economy in recent memory.

The government said it was proposing the tax change to make life more affordable for younger generations and fund efforts to boost housing supply — and that it would support productivity growth.

A challenge for investors, founders and workers

The change could have a chilling effect for several reasons, with companies already struggling to access funding in a high interest rate environment, said Bergen.

He questioned whether investors will want to fund Canadian companies if the government's taxation policies make it difficult for those firms to grow — and whether founders might just pack up.

The expanded inclusion rate "is just one of the other potential concerns that firms are going to have as they're looking to grow their companies."

A man with short brown hair wearing a light blue suit jacket looks directly at the camera, with a white background behind him.                         Benjamin Bergen, president of the Council of Canadian Innovators, said the proposed change could have a chilling effect for several reasons, with companies already struggling to access and raise financing in a high interest rate environment. (Submitted by Benjamin Bergen)

He said the rejigged tax is also an affront to high-skilled workers from low-innovation sectors who might have taken the risk of joining a startup for the opportunity, even taking a lower wage on the chance that a firm's stock options grow in value.

WATCH | The federal budget hikes capital gains inclusion rate: 
 

Federal budget adds billions in spending, hikes capital gains tax

Duration 6:14
Finance Minister Chrystia Freeland unveiled the government's 2024 federal budget, with spending targeted at young voters and a plan to raise capital gains taxes for some of the wealthiest Canadians.

But Lindsay Tedds, an associate economics professor at Carleton University, said the tax change is one of the most misunderstood parts of the federal budget — and that its impact on the country's talent has been overstated.

"This is not a major innovation-biting tax change treatment," Tedds said. "In fact, when you talk to real grassroots entrepreneurs that are setting up businesses, tax rates do not come into their decision."

As for productivity, Tedds said Canadians might see improvements in the long run "to the degree that some of our productivity problems are driven by stresses like housing affordability, access to child care, things like that."

'One foot on the gas, one foot on the brake'

Some say the government is sending mixed messages to entrepreneurs by touting tailored tax breaks — like the Canada Entrepreneurs' Incentive, which reduces the capital gains inclusion rate to 33 per cent on a lifetime maximum of $2 million — while introducing measures they say would dampen investment and innovation.

"They seem to have one foot on the gas, one foot on the brake on the very same file," said Dan Kelly, president of the Canadian Federation of Independent Business.

A founder may be able to sell their successful company with a lower capital gains treatment than otherwise possible, he said.

"At the same time, though, big chunks of it may be subject to a higher rate of capital gains inclusion."

Selling a company can fund an individual's retirement, he said, which is why it's one of the first things founders consider when they think about capital gains.

LISTEN | What does a hike on the capital gains tax mean?:
  

Mainstreet NS7:03Ottawa is proposing a hike to capital gains tax. What does that mean?
Tuesday's federal budget includes nearly $53 billion in new spending over the next five years with a clear focus on affordability and housing. To help pay for some of that new spending, Ottawa is proposing a hike to the capital gains tax. Moshe Lander, an economics lecturer at Concordia University, joins host Jeff Douglas to&nbsp;explain.

Dennis Darby, president and CEO of Canadian Manufacturers & Exporters, says he was disappointed by the change — and that it sends the wrong message to Canadian industries like his own.

He wants to see the government to commit to more tax credit proposals like the Canada Carbon Rebate for Small Businesses, which he said would incentivize business owners to stay and help make Canada competitive with the U.S.

"We've had a lot of difficulties attracting investment over the years. I don't think this will make it any better."

Tech titan says change will only impact richest of the rich

A man sits on an orange couch in an office.  Ali Asaria, the CEO of Transformation Lab and former CEO of Tulip Retail, told CBC News that the proposed change to the capital gains tax is 'going to really affect the richest of the rich people.' (Tulip Retail)

Toronto tech entrepreneur Ali Asaria will be one of those subject to the expanded capital gains inclusion rate — but he says it's only fair.

"It's going to really affect the richest of the rich people," Asaria, CEO of open source platform Transformer Lab, told CBC News.

"The capital gains exemption is probably the largest tax break that I've ever received in my life," he said. "So I know a lot about what that benefit can look like, but I've also always felt like it was probably one of the most unfair parts of the tax code today."

While Asaria said Canada needs to continue encouraging talent to take risks and build companies in the country, taxation policies aren't the most major problem.

"I think that the biggest central issue to the reason why people will leave Canada is bigger issues, like housing," he said.

"How do we make it easier to live in Canada so that we can all invest in ourselves and invest in our companies? That's a more important question than, 'How do we help the top 0.13 per cent of Canadians make more money?'"

ABOUT THE AUTHOR


Jenna Benchetrit

Journalist

Jenna Benchetrit is a senior writer with the business content unit at CBC News. She has also covered entertainment and education stories. A Montrealer based in Toronto, Jenna holds a master's degree in journalism from Toronto Metropolitan University. You can reach her at jenna.benchetrit@cbc.ca.

With files from Nisha Patel and Laura MacNaughton

CBC's Journalistic Standards and Practices
 
 
 
288 Comments
 
 
 
David Amos
KPMG accountants on hand for Morneau's remarks said they've already received calls from some clients worried about how the capital gains change will affect their investments.
 
 
Steve Wilson   
Reply to David Amos   
So? Thats what the wealthy do, they protect their wealth.
 
 
David Amos   
Reply to Steve Wilson
Go Figure 
 
https://davidraymondamos3.blogspot.com/2024/04/kpmg-accountants-on-hand-for-morneaus.html
 
 
Charles Tilson    

Reply to David Amos   
Are you standing up for the ultra wealthy and their tax accountants? Well thank goodness you're doing so. They sure need the help.
 
 
David Amos   
Reply to Charles Tilson
Perhaps you should check my work
 
 
Peter Hill  
Reply to David Amos   
Yes, people who earn $250,000 per year on investments alone. Regular Canadians.
 
 
David Amos   
Reply to Peter Hill
Surely you jest 
 
 
Steve Wilson
Reply to Peter Hill 
Well I certainly dont fit that number and I earn $85k  
 
 
David Amos   
Reply to Steve Wilson 
Cry me a river I survive on the stipend from my old age pension and CPP which right at the poverty line 
 
 
 
 
Steve Wilson
I have few assets, im a regular guy. My wife and I will be ok in three years when I retire. Not too worried about those who have so much that they might be hit by this. They will be just fine and still live a life I could never afford in my working years. 
 
 
Jordan Henderson
Reply to Steve Wilson
It should worry all of us when our government punishes people for being wealthy and has no regard for our personal property. Regardless of it affects us personally in the near term. Our selfishness is certainly one trait that politicians continually exploit. 
 
 
William Bell    

Reply to Steve Wilson
Right on Steve. PP is complaining because he is one of many that the capital gains will hurt. He is worth $25,000,000 and has a watch collection worth over $100,000.

And he claims to knows what the middle class is ! Did he increase the rent on his rental properties ! He sure did.

 
David Amos   
Reply to Jordan Henderson
I concur 
 
 
David Amos   
Reply to William Bell
I pity PP 
 
 
John Power   
Reply to Steve Wilson
So 'I got mine, too bad about anyone else'.

Great outlook. No wonder people can't afford to have families in this country anymore. 

 
David Amos   
Reply to John Power
Amend
 
 
 
 
Charles Tilson    
CEOs earn most of their money through stock options. It causes them to highlight short term moves that increase stock values in their decision making. This capital gains tax will reduce that motivation. Profitable companies that lay off workers to increase stock values are not something to fight for .
 
 
John Power    
Reply to Charles Tilson
That's funny. Did you see that in a movie, or was it from a graphic novel? 
 
 
David Amos   
Reply to John Power
The funny papers perhaps 
 
 
 
 
Dudley Glass
Everyone who own’s a second residence of sorts will be affected. That family cottage passed down through the family will be over taxed. That retirement investment rental property will be overtaxed. Only affect .3% of the population? That is an out and out blantant untruth!  
 
 
Charles Tilson

Reply to Dudley Glass  


David Amos   
Reply to Dudley Glass 
C'est Vrai  
 
 
Jordan Henderson    
Reply to Charles Tilson
His parents made a sound investment and he reaps the benefit. What right do you have to determine what he’s entitled too?  
 
 
David Amos   
Reply to Jordan Henderson
Well put
 
 
 
 
Charles Tilson

Bill Waggins  
Reply to Charles Tilson
What color is the sky in your world?
 
 
Charles Tilson
Reply to Bill Waggins 
Why don't you respond to my points?
 
 
Bob Baxter
Reply to Charles Tilson
Trudeau has set the table for class warfare. He frames the situation as the richest 0.1% vs everyone else. It's just a distraction from his abject failure leading this country. Pay attention.  
 
 
Charles Tilson
Reply to Bob Baxter  
But, the riches 0.1% are getting inordinately richer as everyone else struggles. Why are you standing up for them?
 
 
Bob Baxter
Reply to Charles Tilson
I'm not standing up for them. I'm pointing out that the 'us vs them' mentality is just a big distraction.  
 
 
David Amos
Reply to Charles Tilson
What points??? 
 


---------- Original message ---------
From: Russell Phillips <rphillips@theccf.ca>
Date: Thu, Apr 18, 2024 at 9:05 AM
Subject: Do you have the right to say unpopular things?
To: <david.raymond.amos333@gmail.com>


 
 
 


---------- Original message ---------
From: David Amos <david.raymond.amos333@gmail.com>
Date: Thu, Apr 18, 2024 at 12:41 AM
Subject: Re: Pierre Poilievre may enjoy another Deja Vu about Nathalie Drouin, KPMG and the Taxman versus me
To: SRField <rpm77nsbc@protonmail.com>, <dlametti@fasken.com>, waynenarvey <waynenarvey@hotmail.com>, Dana-lee Melfi <dana_lee_ca@hotmail.com>, <Vincent.gircys@gmail.com>, prontoman1 <prontoman1@protonmail.com>, <senseirude@hotmail.com>, <newsnotnoise@protonmail.com>, <Chidakash@protonmail.com>, <paulajtucci@gmail.com>, <Tom@icareinsurance.ca>, <educatorsforhumanrights@protonmail.com>, <nancyobee@protonmail.com>, <vickie@vaccinechoicecanada.com>, <gisele@vaccinechoicecanada.com>, <tino@lcddash.com>, <anyakreynes@gmail.com>, <Shirley.guertin@protonmail.com>, <alanbrough@prontonmail.com>, <sciencej@protonmail.com>, <dione@librti.com>, <roman@librti.com>, <drpierremilot@protonmail.com>, mcu <mcu@justice.gc.ca>, Marco.Mendicino <Marco.Mendicino@parl.gc.ca>, fin.minfinance-financemin.fin <fin.minfinance-financemin.fin@canada.ca>, pm <pm@pm.gc.ca>, pierre.poilievre <pierre.poilievre@parl.gc.ca>, Katie.Telford <Katie.Telford@pmo-cpm.gc.ca>, kingpatrick278 <kingpatrick278@gmail.com>, Michael.Duheme <Michael.Duheme@rcmp-grc.gc.ca>, <Denis.Beaudoin@rcmp-grc.gc.ca>, <ngroot@investigationcounsel.com>, <tim.wilbur@keymedia.com>, <bkofman@ksvadvisory.com>, National Citizens Inquiry <info@nationalcitizensinquiry.ca>, jcarpay <jcarpay@jccf.ca>, jagmeet.singh <jagmeet.singh@parl.gc.ca>, <media.medias@fintrac-canafe.gc.ca>, blaine.higgs <blaine.higgs@gnb.ca>, premier <premier@ontario.ca>, premier <premier@gov.ab.ca>, PREMIER <PREMIER@gov.ns.ca>, Office of the Premier <scott.moe@gov.sk.ca>, premier <premier@gov.pe.ca>, premier <premier@gov.nl.ca>, premier <premier@leg.gov.mb.ca>, premier <premier@gov.bc.ca>, <jcooper@torontolegalresearch.com>, ministryofjustice <ministryofjustice@gov.ab.ca>, czwibel <czwibel@ccla.org>, <contact@fedsforfreedom.ca>, ian <ian@mccuaiglaw.ca>, <mjackson@fieldlaw.com>, freedomreport.ca <freedomreport.ca@gmail.com>, Christopher Scott <chris.scott@whistlestoptruckstop.ca>, sheilagunnreid <sheilagunnreid@gmail.com>, stefanos.karatopis <stefanos.karatopis@gmail.com>, lgrey <LGrey@gwsllp.ca>, <info@lawyers4truth.ca>, <brianpeckford@gmail.com>, <ted@vaccinechoicecanada.com>, <alanjm@idirect.com>, <benitapedersen@hotmail.com>, KMartin <KMartin@postmedia.com>, Nathalie.G.Drouin <Nathalie.G.Drouin@pco-bcp.gc.ca>, PABMINMAILG <PABMINMAILG@cra-arc.gc.ca>, dominic.leblanc <dominic.leblanc@parl.gc.ca>, <DerekRants9595@gmail.com>, Dominic.Cardy <Dominic.Cardy@gnb.ca>, ragingdissident <ragingdissident@protonmail.com>
Cc: <joseph.adinolfi@dowjones.com>, <chad.bray@dowjones.com>



Wednesday 17 April 2024

KPMG accountants on hand for Morneau's remarks said they've already received calls from some clients

 

https://www.youtube.com/watch?v=d1cXGJObJIs&ab_channel=NationalPost

 

Trudeau calls Bill Morneau and Mark Carney 'random Liberals'

National Post 
Feb 3, 2023  
Bill Morneau is Justin Trudeau's former finance minister and Mark Carney is the former governor of the Bank of Canada. Trudeau was speaking in Question Period on Feb. 1.
 

663 Comments


Methinks the Fat Lady has not sung yet but she ready and raring to go N'esy Pas?
 


---------- Original message ---------
From: Chrystia Freeland <Chrystia.Freeland@fin.gc.ca>
Date: Wed, Apr 17, 2024 at 10:08 PM
Subject: Automatic reply: Pierre Poilievre may enjoy another Deja Vu about Nathalie Drouin, KPMG and the Taxman versus me
To: David Amos <david.raymond.amos333@gmail.com>

The Department of Finance acknowledges receipt of your electronic correspondence. Please be assured that we appreciate receiving your comments.

Le ministère des Finances Canada accuse réception de votre courriel. Nous vous assurons que vos commentaires sont les bienvenus.


> ———- Forwarded message ———-

> From: David Amos <david.raymond.amos@gmail.com>

> Date: Tue, 31 Mar 2009 17:50:17 -0300

> Subject: Fwd: Re :USANYS-MADOFF AND IMPORTANT INFORMATION FROM US

> ATTORNEY'S OFFICE SDNY

> To: chad.bray@dowjones.com

>

> ———- Forwarded message ———-

> From: “Olsen, Wendy (USANYS)” <Wendy.Olsen@usdoj.gov>

> Date: Tue, 31 Mar 2009 09:21:08 -0400

> Subject: RE: USANYS-MADOFF AND IMPORTANT INFORMATION FROM US

> ATTORNEY'S OFFICE SDNY

> To: David Amos <david.raymond.amos@gmail.com>, USANYS-MADOFF

> <USANYS.MADOFF@usdoj.gov>, “Litt, Marc (USANYS)” <Marc.Litt@usdoj.gov>

> Cc: webo <webo@xplornet.com>, vasilescua@sec.gov, friedmani@sec.gov,

> krishnamurthyp@sec.gov

>

> Thank you for your response.

>

> Wendy Olsen

> Victim Witness Coordinator

>

> —–Original Message—–

> From: David Amos [mailto:david.raymond.amos@gmail.com]

> Sent: Tuesday, March 31, 2009 8:48 AM

> To: USANYS-MADOFF; Olsen, Wendy (USANYS); Litt, Marc (USANYS)

> Cc: webo; vasilescua@sec.gov; friedmani@sec.gov; krishnamurthyp@sec.gov

> Subject: RE: USANYS-MADOFF AND IMPORTANT INFORMATION FROM US ATTORNEY'S

> OFFICE SDNY

>

> Ms Olsen

>

> Thank you for keeping me informed.

>

> Yes unseal all my emails with all their attachments immediately and

> make certain that the US Attorny's office finally practices full

> disclosurement as to who I am and what my concerns are as per the Rule

> of Law within a purported democracy.

>

> As you folks all well know I am not a shy man and I have done nothing

> wrong. It appears to me that bureacratic people only use the right to

> privacy of others when it suits their malicious ends in order to

> protect their butts from impreacment, litigation and prosecution.

>

> The people in the US Attorney's Office and the SEC etc are very well

> aware that I protested immediately to everyone I could think of when

> the instant I knew that my correspondences went under seal and Madoff

> pled guilty so quickly and yet another cover up involing my actions

> was under full steam. Everybody knows that.the US Government has been

> trying to keep my concerns about the rampant public corruption a

> secret for well over seven long years. However now that a lot of

> poeple and their countries in general are losing a lot of money people

> are beginning to remember just exactly who I am and what i did

> beginning over seven years ago..

>

> Veritas Vincit

> David Raymond Amos

> 506 756 8687

>

> P.S. For the record Obviously I pounced on these Yankee bastards as

> soon as the newsrag in Boston published this article on the web last

> night.

>

> http://www.bostonherald.com/business/general/view.bg?articleid=1162354&f

> ormat=&page=2&listingType=biz#articleFull

>

> Notice that Nester just like everyone else would not say my name? It

> is because my issues surrounding both Madoff and are NOT marketing

> timing They are as you all well know money laundering, fraud,

> forgery, perjury, securites fraud, tax fraud, Bank fraud, illegal

> wiretappping and Murder amongst other very serious crimes.

>

> “SEC spokesman John Nester dismissed similarities between Markopolos

> and Scannell's cases as “not a valid comparison.”

>

> He said the SEC determined the market-timing by Putnam clients that

> Scannell reported didn't violate federal law. Nester said the SEC only

> acted after another tipster alleged undisclosed market-timing by some

> Putnam insiders.

>

> Scannell, now a crusader for SEC reforms, isn't surprised the agency

> is in hot water again.

>

> Noting that several top SEC officials have gone on to high-paying

> private-sector jobs, he believes hopes for future employment impact

> investigations. “It's a distinct disadvantage to make waves before you

> enter the private sector,” Scannell said.”

>

> — On Mon, 3/30/09, David Amos <david.raymond.amos@gmail.com> wrote:

>

> From: David Amos <david.raymond.amos@gmail.com>

> Subject: Fwd: USANYS-MADOFF IMPORTANT INFORMATION FROM US ATTORNEY'S

> OFFICE SDNY

> To: NesterJ@sec.gov, letterstoeditor@bostonherald.com, “oig”

> <oig@sec.gov>, Thunter@tribune.com, david@davidmyles.com,

> ddexter@ns.sympatico.ca, “Dan Fitzgerald” <danf@danf.net>

> Cc: dsheehan@bakerlaw.com, dspelfogel@bakerlaw.com,

> mc@whistleblowers.org, gkachroo@mccarter.com,

> david.straube@accenture.com, gurdip.s.sahota@accenture.com,

> benjamin_mcmurray@ao.uscourts.gov, bob_burke@ao.uscourts.gov

> Date: Monday, March 30, 2009, 10:00 PM

>

> Need I say BULLSHIT?

>

> http://www.bostonherald.com/business/general/view.bg?articleid=1162354&f

> ormat=&page=2&listingType=biz#articleFull

>

>

> ———- Forwarded message ———-

> From: David Amos <david.raymond.amos@gmail.com>

> Date: Mon, 30 Mar 2009 00:03:13 -0300

> Subject: RE: USANYS-MADOFF IMPORTANT INFORMATION FROM US ATTORNEY'S

> OFFICE

> SDNY

> To: Russ.Stanton@latimes.com, meredith.goodman@latimes.com,

> ninkster@navigantconsulting.com, dgolub@sgtlaw.com

> Cc: firstselectmanffld@town.fairfield.ct.us,

> editor@whatsupfairfield.com, info@csiworld.org, jacques_poitras

> <jacques_poitras@cbc.ca>

>

> ———- Forwarded message ———-

> From: David Amos <david.raymond.amos@gmail.com>

> Date: Sun, 29 Mar 2009 23:40:55 -0300

> Subject: Fwd: USANYS-MADOFF FW: IMPORTANT INFORMATION FROM US

> ATTORNEY'S OFFICE SDNY

> To: gmacnamara@town.fairfield.ct.us, MartiK1 <MartiK1@parl.gc.ca>,

> “Paul. Harpelle” <Paul.Harpelle@gnb.ca>, Jason Keenan

> <jason.keenan@icann.org>, Kandalaw <Kandalaw@mindspring.com>

> Cc: info@grahamdefense.org, fbinhct@leo.gov

>

> From: “Peck,Dave” <DPeck@town.fairfield.ct.us>

> Date: Sun, 29 Mar 2009 22:32:32 -0400

> Subject: Out of Office AutoReply: USANYS-MADOFF FW: IMPORTANT

> INFORMATION FROM US ATTORNEY'S OFFICE SDNY

> To: David Amos <david.raymond.amos@gmail.com>

>

> I will be unavailable until 4/1/09.

>

> Deputy Chief MacNamara will be in charge while I am away.

>

> He can be reached at 254-4831 or email him at

> gmacnamara@town.fairfield.ct.us

>

> I will not be checking emails or cell phone messages.

>

> Thank you,

>

> Chief Dave Peck

>

> ———- Forwarded message ———-

> From: David Amos <david.raymond.amos@gmail.com>

> Date: Sun, 29 Mar 2009 23:32:18 -0300

> Subject: Fwd: USANYS-MADOFF FW: IMPORTANT INFORMATION FROM US

> ATTORNEY'S OFFICE SDNY

> To: dpeck@town.fairfield.ct.us, edit@ctpost.com, bresee@courant.com

>

> ———- Forwarded message ———-

> From: David Amos <david.raymond.amos@gmail.com>

> Date: Sun, 29 Mar 2009 23:19:35 -0300

> Subject: RE: USANYS-MADOFF FW: IMPORTANT INFORMATION FROM US

> ATTORNEY'S OFFICE SDNY

> To: dtnews@telegraph.co.uk

>

> —–Original Message—–

> From: USANYS-MADOFF

> Sent: Saturday, March 28, 2009 3:06 PM

> To: DAVID.RAYMOND.AMOS@GMAIL.COM

> Subject: IMPORTANT INFORMATION FROM US ATTORNEY'S OFFICE SDNY

>

> In United States v. Bernard L. Madoff, 09 Cr. 213 (DC), the Court

> received a request from NBC and ABC to unseal all correspondence from

> victims that has been submitted in connection with the case. This

> includes your email to the Government. If the correspondence from

> victims is unsealed, the victim's personal identifying information

> including name, address, telephone number and email address (to the

> extent it was included on the correspondence) will become public. The

> Government must submit a response to the request by NBC and ABC by

> Tuesday, March 31, 2009. Please let us know whether you consent to

> the full disclosure of your correspondence, or whether you wish to

> have your correspondence remain sealed for privacy or other reasons.

> If you wish to have your correspondence remain sealed, please let us

> know the reason. We will defend your privacy to the extent that we

> can. Thank you.

>

> I looks like the US attorney in New York finally has to unseal my

> emails that you dudes have been sitting on for quite some time for no

> reason I will ever understand other than you are just a bunch of

> chickenshits.

>

> I know NBC, ABC, your blogger buddies or any other media wacko will

> never say my name but the pissed off folks that lost a lot of money

> with Bernie Baby just may ask how the hell I am EH?

>

> Veritas Vincit

> David Raymond Amos

>

>

>

>

> From: David Amos <david.raymond.amos@gmail.com>

> Date: Wed, 11 Mar 2009 15:48:50 -0300

> Subject: Fwd: Trust that whatever covert deal that Bernie Madoff and

> KPMG etc may make with the Feds they are not fooling mean old me

> To: Marc.Litt@usdoj.gov

>

> ———- Forwarded message ———-

> From: David Amos <david.raymond.amos@gmail.com>

> Date: Wed, 11 Mar 2009 15:29:42 -0300

> Subject: Fwd: Trust that whatever covert deal that Bernie Madoff and

> KPMG etc may make with the Feds they are not fooling mean old me

> To: PChavkin@mintz.com

> Cc: webo <webo@xplornet.com>

>

> ———- Forwarded message ———-

> From: “Olsen, Wendy (USANYS)” <Wendy.Olsen@usdoj.gov>

> Date: Tue, 10 Mar 2009 19:08:04 -0400

> Subject: RE: Trust that whatever covert deal that Bernie Madoff and

> KPMG etc may make with the Feds they are not fooling mean old me

> To: david.raymond.amos@gmail.com

>

> On March 10, 2009, the Honorable Denny Chin provided the following

> guidance for victims who wish to be heard at the plea proceeding on

> March 12, 2009 at 10:00 a.m.:

>

> Judge Chin stated that there are two issues that the Court will

> consider at the hearing: (1) whether to accept a guilty plea from the

> defendant to the eleven-count Criminal Information filed by the

> Government, which provides for a maximum sentence of 150 years'

> imprisonment; and (2) whether the defendant should be remanded or

> released on conditions of bail, if the Court accepts a guilty plea.

> Judge Chin also stated that, at the hearing on March 12, 2009, he will

> conduct a plea allocution of the defendant and then will announce

> whether the Court intends to accept the plea. At that time, the Court

> will solicit speakers who disagree with the Court's intended ruling.

>

> Assuming the defendant pleads guilty and his plea is accepted by the

> Court, the Court intends to allow the Government and defense counsel

> to speak on the issue of bail. The Court will then announce its

> intended ruling on that issue. The Court will then invite individuals

> who disagree with the proposed ruling on bail to be heard.

>

> The Court noted that there will be opportunity for victims to be

> heard in the future on the subjects of sentencing, forfeiture and

> restitution in advance of any sentencing of the defendant. The Court

> also noted that it is not appropriate for victims who wish to speak

> concerning sentencing issues to be heard at the March 12, 2009

> proceeding.

>

> A link to the a transcript of the March 10, 2009 Court hearing can

> be

> found on the website of the United States Attorney's Office for the

> Southern District of New York:

>

> http://www.usdoj.gov/usao/nys

>

>

> —–Original Message—–

> From: Olsen, Wendy (USANYS)

> Sent: Monday, March 09, 2009 10:56 AM

> To: usanys.madoff@usdoj.gov

> Subject: FW: Trust that whatever covert deal that Bernie Madoff and

> KPMG etc may make with the Feds they are not fooling mean old me

>

>

> —–Original Message—–

> From: David Amos [mailto:david.raymond.amos@gmail.com]

> Sent: Friday, March 06, 2009 12:58 PM

> To: horwitzd@dicksteinshapiro.com; Nardoza, Robert (USANYE);

> USAMA-Media (USAMA); Olsen, Wendy (USANYS)

> Cc: oig

> Subject: Trust that whatever covert deal that Bernie Madoff and KPMG

> etc may make with the Feds they are not fooling mean old me

>

> horwitzd@dicksteinshapiro.com

>

> ———- Forwarded message ———-

> From: “Sartory, Thomas J.” <TSartory@goulstonstorrs.com>

> Date: Fri, 6 Mar 2009 07:41:20 -0500

> Subject: RE: I did talk the lawyers Golub and Flumenbaum tried to

> discuss Bernie Madoff and KPMG etc before sending these emails

> To: david.raymond.amos@gmail.com

>

>

> Dear Mr. Amos,

>

> I am General Counsel at Goulston & Storrs. Your email below to

> Messers. Rosensweig and Reisch has been forwarded to me for response.

> While it's not clear what type of assistance, if any, you seek from

> Goulston % Storrs, please be advised that we are not in a position to

> help you. Please do not send further communications to any of our

> attorneys. We will not be able to respond, and your communications

> will not be protected by the attorney-client privilege.

>

> We wish you well in the pursuit of your concerns.

>

> Sincerely,

>

> Thomas J. Sartory

>

>

>

>

> —–Original Message—–

> From: David Amos [mailto:

> Sent: Wednesday, March 04, 2009 8:18 PM

> To: Rosensweig, Richard J.; info@LAtaxlawyers.com; Reisch, Alan M.;

> reed@hbsslaw.com

> Subject: Fwd: I did talk the lawyers Golub and Flumenbaum tried to

> discuss Bernie Madoff and KPMG etc before sending these emails

>

> Perhaps somebody should call me back now. EH? (902 800 0369)

>

>

> Post a comment:

> https://www.blogger.com/comment.g?blogID=11475858&postID=114783709674881631&ext-ref=comm-sub-email

>

> Unsubscribe to comments for this post:

> http://www.blogger.com/comment-unsubscribe.g?blogID=11475858&postID=114783709674881631

>

> Posted by David Raymond Amos to Just Dave at Friday, May 22, 2009
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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