Skip to content

Author: Marie Wawo

Tax Fraud Case Dismissed: Misconduct Suspected

A tax fraud case was dropped in New York last Wednesday against a former associate of President Trump. The case was made against a Russian-American Businessman by the name of Felix Sater and the company that he confounded, Bayrock. The case was filed as a Qui Tam which means that an anonymous whistleblower files as a representative of the state. Once filed, the attorney general’s office can choose to get involved or not.

The whistleblower in this case was a Lawyer named Fred Oberlander. This Lawyer has previously represented Jody Kriss, a former business partner of Sater, in a lawsuit against the company, Bayrock.

On Wednesday, Oberlander acknowledged that the information that caused the qui Tam complaint that he filed was stricken from the original complaint by federal judges. An attorney that was present at the case, stated that Oberlanders argument didn’t go well because of how he used his information. This was the cause of the cases dismissal that was later confirmed by Sater and his Lawyer.

There was a letter sent last year by the Attorney General’s office, to the Supreme Court, saying that the press release that Oberlander issued claiming that the Attorney General’s office approved of the case when in reality they did not and had no intention of getting involved. In the attempt to protect the rights of the state, the attorney general’s office said that they would monster the case as it moved forward.

The case has been dismissed on the merits rather than on the grounds of procedure, according to Saters Lawyer. He also added that Oberlander and his associate, another lawyer named Richard Lerner was sent to the department of Justice two times for contempt because of their misbehavior in the case against Sater. Lerner plans to appeal the court’s choice to dismiss the case. Kriss originally brought the lawsuit against Sater and the company back in 2010 and claims to have no involvement in the current case. Kriss conveyed that Bayrock is mostly owned by the mob and operated by them and is constantly committing crimes similar to the crimes that they are accused of in this case. Kriss made his first accusation against Sater and Bayrocks founder, Tevfik Arif claiming that they cheated him out of millions of dollars through misconduct of business.

This month, a judge in New York made the ruling that the case could continue, but only as a case of business fraudulence.

Within Kriss’ complaint, Sater and Tevfik Arif began business dealings with the Trump Organization back in 2003 to market projects with the Trump brand without informing Trump of Sater’s past crimes. Trump stated that his company wouldn’t have had any dealings with Arif’s company on the development of Trump SoHo if he knew about Saters criminal past. Trump said that he didn’t even know what Sater looked like, in spite of the fact that Bayrocks main office was two floors below Trumps in Trump Tower.

An anonymous person stated that Sater and Trump …

Forex Arbitrage Trading

Today, in the network and in reality, you can notice a huge amount of announcements that “Playing on the stock exchange is simple.” Such advertising is distributed mostly by new companies providing brokerage services. In fact, the game on the stock exchange is not a simple matter and it is necessary to learn it no less than when receiving any other education.

Any action in the foreign exchange market or market with any other assets carries a risk, since a trader can only assume the most possible scenario, but do not know for sure. Everyone who has achieved success in this field knows how often the price of error is high

But do not forget that a large number of companies that offer brokerage and other services in the sphere of exchange trade generates and decent competition, which leads to a reduction in commissions, spreads, and an increase in the quality and speed of service. Against this background, a completely new currency trading strategy emerged, which reduces the standard risks from an incorrect decision to the minimum values – this is forex arbitrage.

Forex arbitrage trading became possible due to the imperfection of the systems of quotes in terminals between different DCs and, as a consequence, some “slowing down” of the rate of displaying quotations of the same trading instrument from different brokers. The result of this is the price advance in one of its terminals in the second, which is what the trader uses when working on an forex arbitrage system.

As soon as there is a discrepancy in the price of the spread, the transaction opens in the direction of the price movement, which is kept open until the quotations are equalized. Such a scheme is called “one-legged” arbitrage.

There is also a “two-legged” arbitrage on forex, which involves opening deals in opposite directions when there is a difference in quotes and closing them when the price is equalized.

The second type of transactions is the most risk-free, but in the first case, the statistics of transactions can act as the second “leg”, which will show all the correct and incorrect (the essence of profitable and unprofitable) transactions.

Since forex arbitrage works on volatile pairs, the person will not be able to respond in time to the appearance of the difference in quotations, therefore, for a full study of all incoming signals, a special adviser was developed that quickly monitors and processes all signals around the clock, which brings the profitability of the strategy to a decent level , and given the fact that the risks associated with these transactions are extremely low (very rarely they reach the spread level), arbitrage trading is becoming very attractive not only for beginners or fans of hardware trading, but also for well-established players who previously claimed that the hardware game will not bring such a weighty profit as the experience and endurance of man. More about arbitrage trading read here.…