- Feb 21, 2010
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Wheels Go Round and Round said:he can afford it![]()
I wonder if he will ask for a refund before sentencing, or if he understands that on a RICO charge, they freeze all assets?
You are beginning to bore me.
Wheels Go Round and Round said:he can afford it![]()
Colm.Murphy said:I wonder if he will ask for a refund before sentencing, or if he understands that on a RICO charge, they freeze all assets?
You are beginning to bore me.
Oldman said:RICO? You're running off the rails a bit, here. Armstrong would have to be directly involved in drug trafficking or money laundering to get anywhere close to that charge.
No, he'll spend a ton fighting a government funded, politically motivated group of polished attorneys. These guys don't go for settlements if you're the big target. It will get expensive for all concerned before it's over. Anyone have any figures on what Clemens has spent/still spending?
Oldman said:RICO? You're running off the rails a bit, here. Armstrong would have to be directly involved in drug trafficking or money laundering to get anywhere close to that charge.
No, he'll spend a ton fighting a government funded, politically motivated group of polished attorneys. These guys don't go for settlements if you're the big target. It will get expensive for all concerned before it's over. Anyone have any figures on what Clemens has spent/still spending?
Colm.Murphy said:Spend some time reading this (http://www.ricoact.com/ricoact/nutshell.asp#enterprise) while thinking about Tailwind and USPS....
The whisper from European connections are that more than enough corroboration is done.
Race Radio said:I am not sure I understand your post. Is this what you think Armstrong's prison name will be?
flicker said:The Boss, Grasshopper.
MacRoadie said:I'm guessing that's not the first nickname that will come to mind for any 160# white guy with shaved legs....
Just sayin.
Hugh Januss said:Correct! It'll probably be more along the lines of 'purdy mouff'.
this_is_edie said:I don't think Armstrong will go to jail on this one, but he will face a stiff penalty in the $M and his name will be mud for most, except of course for some (see trolls) that will still pay money to hear him speak in lame 'conferences'.
I do think that he will spill the beans and some of the underlings will pay the price and go to jail however. I would be very worried if I were Lim or some of the soigneurs. Who probably moved the merchandise around? the soigneurs.
Colm.Murphy said:He was part owner. He directed the scheme with Weisel and Stapleton.
He's going to jail. This time, the heads roll at the top, as they were the primary beneficiaries.
If it goes RICO, they seize all assets, a tactic used to remove the financial ability to fight. That happens at some point, and it simply accelerates the ending.
Tell me how or why you think he won't go to jail?
Tubeless said:It feels like the feds are determined enough to take this through the indictment. But thereafter it gets riskier for the feds as well.
I agree with your logic - but there's always the uncertainty of jury trials that end up encouraging both sides to try to find a mutually acceptable plea bargain. What's the minimum penalty the prosecutors would accept for mail fraud / a RICO case?
Its hard to see Armstrong accepting a plea that involves doing time - in that case he'd try to push this out and opt to take his chances in a trial.
Oldman said:Unless his plea deal includes sealing that testimony the Civil court lawsuits will rain down on him.
MacRoadie said:I'm a little fuzzy on this one. Even though the USPS is an Independant Agency of the federal governemnt, it still operates as part of the executive branch. Would it not then fall under the auspices of the FOIA? Could federal grand jury testimony relating to the USPS be protected from disclosure under the FOIA?
I know there are exemptions, but none would appear on their face to apply:
Exemptions to the Freedom of Information Act
MacRoadie said:I'm a little fuzzy on this one. Even though the USPS is an Independant Agency of the federal government, it still operates as part of the executive branch. Would it not then fall under the auspices of the FOIA? Could federal grand jury testimony relating to the USPS be protected from disclosure under the FOIA?
I know there are exemptions, but none would appear on their face to apply:
Exemptions to the Freedom of Information Act
Colm.Murphy said:As a criminal fraud, perhaps even RICO, case, convening a Grand Jury to gather testimony would probably take place and be under seal, as in BALCO. At some point it would end up in public domain, though it might not be for 20 years. That it might give some riders a shield (there name would be known but not their testimony) from having to deal with USADA, if they had previously been queasy about speaking with them first.
MacRoadie said:See, that's where I'm going to have to give it some more thought. A "typical" RICO case often relies on sealed testimony due to the nature of those whose testimony may be benefical to the prosecution of the case, and those being prosecuted. Witnesses are usually disinclined to testify against people who will likely cut limbs off or worse.
Ratting out the mob with the promise of federal protection is one thing, but exactly who would Armstrong's lawyers use to leverage protection for their client? What jeopardy does his testimony place Armstrong in? What bigger fish exists (within the jurisdiction of the PA)?
Maybe some of the other riders (say a Zabriskie or a Hincapie) could broker pleas and enjoy sealed testimony, but Armstrong?
Oldman said:As I said: Weisel is a large profile stock brokerage principal that helped many tech IPOs launch only to watch them crash. I couldn't think of a more politically attractive target with some serious, behind the scenes enemies.
Colm.Murphy said:He is also currently under SEC and and FIRA investigation: http://www.latimes.com/business/la-fi-bonuses-suit-20100518,0,2366158.story
Digging into Weisel has been very enlightening.
BroDeal said:Weisel is the true kingpin, the power behind the throne, who forged Armstrong into the sociopathic douchebag that he is today. Armstrong grew up idolizing J.R. Ewing, seeing him as an example of how to get what you want no matter what. In Weisel he met a real life version of the Dallas villian.
Jimmy Riddle said:Is this where he learnt his philanthropy?
Say what you like about LA, but he is in contact with people that are dying almost every day. I don't think a real sociapath would do that.
Jimmy Riddle said:Is this where he learnt his philanthropy?
Say what you like about LA, but he is in contact with people that are dying almost every day. I don't think a real sociapath would do that.