Big League Economics
Peter Strzok’s Wife At SEC Has China Fever
Peter Strzok’s wife Melissa Hodgman at the U.S. Securities and Exchange Commission (SEC) has been targeting companies linked to China for criminal prosecutions, engendering accusations of racism against her.
Hodgman’s civil fraud prosecution of Japanese-American businessman William Uchimoto fell apart, prompting a lawsuit from Uchimoto against the SEC. Meanwhile, the SEC worked on a massive prosecution of Benjamin Wey, a Chinese-born American citizen and Wall Street financier, which likewise fell through. Wey is now alleging that NASDAQ lied to SEC authorities to bring about his prosecution.
Why are Hodgman and her colleagues at SEC waging legal warfare against Chinese-linked businessmen in a series of cases that are being disputed and discredited?
Trending: Pete Buttigieg Called Out By His Own Brother-in-Law on Tucker: “Anti-God”
William Uchimoto’s company CleanTech, a wind and renewable energy company, filed suit in 2012 against NASDAQ for racial discrimination, claiming that Chinese companies were being discriminated against, according to a press release. Former senator Arlen Specter represented CleanTech at the time.
The fraud charges against Uchimoto were dismissed. Uchimoto remained understandably angry about the prosecution, stating, “They gerrymandered what they wanted to look at.”
ABA Journal reported: “A former BigLaw partner says the Securities and Exchange Commission went beyond overzealous enforcement when it filed a civil suit against him that was tossed on Monday by a federal judge. U.S. District Judge P. Kevin Castel in his opinion (PDF) dismissed civil securities fraud and aiding and abetting claims against William Uchimoto of Pennsylvania, the New York Law Journal (sub. req.) reports. Uchimoto is a former partner at Buchanan Ingersoll & Rooney, at Saul Ewing and at Stevens & Lee. The SEC had alleged that Uchimoto misled Nasdaq about whether two companies had satisfied shareholder requirements to be listed on the exchange. He was a partner at Buchanan Ingersoll at the time of the alleged misrepresentation. Castel said the SEC complaint failed to allege that Uchimoto obtained money or property as a result of the alleged misrepresentation.”
Benjamin Wey likewise believes that he was wrongfully targeted by the SEC during Hodgman’s tenure at the enforcement agency, when Wey was prosecuted for fraud. The charges were recently dismissed.
Forbes reported: “Wall Street financier Benjamin Wey filed a civil lawsuit in New York Supreme Court against Nasdaq. He alleges that Nasdaq mislead federal authorities with false information that wrongly led to his prosecution. He is seeking $650 million in damages.”
Benjamin Wey
On April 9, 2018, the SEC voluntarily dismissed fraud charges against Benjamin Wey, issuing a press release about the dismissal.
Heavy reported: “U.S. securities regulators…moved to drop their fraud case against Wall Street financier Benjamin Wey, about a month after prosecutors dropped a related criminal case after a judge threw out some evidence,” Reuters reported. According to Reuters, “The criminal case against Wey collapsed in June, when U.S. District Judge Alison Nathan ruled that a huge cache of materials seized from Wey’s home and offices could not be used because they were obtained with overly broad search warrants that violated Wey’s constitutional rights…The article continued, “Nathan said the seizure of items such as children’s school records, family photos and X-rays at minimum reflected ‘grossly negligent or reckless disregard’ of the Fourth Amendment, which protects against unreasonable search and seizure.”
Hodgman was eventually promoted at SEC by Barack Obama in 2016, shortly before the presidential election and in the midst of her husband’s Operation Crossfire Hurricane plot to target President Donald Trump and excuse Hillary Clinton of crimes.
Hodgman’s history raises serious questions about her credibility, and could open new avenues of information in the effort to expose the full scope of Peter Strzok’s dealings in the U.S. intelligence agencies. Are intelligence agencies coordinating with law enforcement on selective prosecutions?
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Big League Economics
OUT OUT OUT: Study Shows That Each Illegal Alien is Up to a $6,500-Per-Year Burden for the U.S. Taxpayer
The cost of illegal immigration is massive.
A ground-breaking new study has shown that illegal immigrants cost the U.S. taxpayer approximately $6,500 per year by soaking up welfare cash and other government benefits after they break the law to enter the country.
The study, commissioned by the Federation for American Immigration Reform (FAIR), showed that that small states are particularly burdened by the illegals, and the money and services are going to aliens instead of veterans, children, and the disabled.
FAIR surveyed ten small states and determined that illegal immigration cost them an average of $454 million per year.
“To put that figure into context, that $454 million expenditure is more than 200 times what the state of Montana budgets for its entire Veterans Affairs program, and it is 2.5 times the total sum that West Virginia invests in its state university,” the report states.
Dan Stein, president of FAIR, notes that the native populations of these small states are getting squeezed the most by the burden caused by illegal immigrants. These individuals are essentially being replaced as a once-great nation transforms into a globalist economic zone.
“In many ways, the influx of immigrants into less populous areas of the country has an even greater impact on long-time residents than it does in larger and more urban areas,” Stein said.
“These areas have neither the tax base, nor the economic and social infrastructure to accommodate the needs of the growing numbers of immigrants taking up residence,” he added.
The FAIR study, Small Migrant Populations, Huge Impacts, analyzed Alaska, West Virginia, South Dakota, Vermont, Wyoming, New Hampshire, Montana, Mississippi, North Dakota and Maine to discover their startling conclusions regarding the costs of illegal immigration.
“Many local officials tout immigration, including illegal immigration, as a remedy to economic stagnation. However, as this report reveals, the reality is precisely the opposite,” Stein said.
“Illegal immigration, in particular, drives down wages and inhibits job opportunities for legal residents, while bringing more low-skilled, low-wage workers to these states. In turn, this increases costs to state and local governments, and discourages investment by businesses seeking a skilled labor force and lower overhead,” he added.
FAIR released the following video to accompany their newly released study:
“This report highlights the fact that the adverse effects of unchecked mass immigration, combined with an immigration selection process that does not choose people based on individual merit, job skills and education, are now being felt in all parts of the country,” Stein explained.
“Americans, in every part of the nation, are being affected by antiquated and unenforced immigration policies, which is why it is at the top of the list of voter concerns heading into the 2020 elections,” he added.
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