December 30,2012  Latin America’s favorite creeps, pervs and pimps who seemingly enjoy employing law firms to defraud the public and continue along their tax and spend Marxist meanderings, rely on Rafael Correa’s law firm Clifford Chance, mostly of London to hide assets and not pay bond holders. But the London based firm in 2009 saw a few of their leading Latin team break off and form  Chaffetz Lindsey, now suing in New York City for almost $3 billion in frozen Iranian cash. The Iranian money was frozen because Iran continues to kill a lot of innocent souls who feel their families, as victims of Iran’s perpetual political cum military cum religious totalitarian  regime should not have suffered from Iran’s criminal behaviors.

Clifford Chance did the in all but name forced bond/debt buy out which netted Correa’s Ecuadorean-based team a lot of money while screwing legal bond holders. And now the same persons are aiding Iran via Chaffetz Lindsey.  Ecuador and Iran have melded together for three years now.

And then there is that old saying about coincidences.

The pro-Iranian court claim in New York by Correa’s former lawyers will state that Iran is immune from asset freezes. This comes at the time that Iran is threatening extortion, itself a crime in common law nations, to seal the international waters in the Straits of Hormuz unless the Americans and Europeans back off sanctions against Iran. This also comes just as Mahmoud and his Iranian treaty-making bosses will alight in Ecuador with Correa and his banking team, sometimes called the profoundly corrupt and very dirty government of Ecuador which has merged its Central Bank with Iran’s Central Bank. No one believes that Correa has broken with his pro-Iranian legal teams while in fact Correa has escalated his USA lobbying and legal fights against Americans using unaccounted monies passed through offshore hedge funds- speculators unknown, which de-stabilize and cause harm to U.S. companies.

President Obama, when a U.S. Senator praised these fraudulent and specious claims through Ecuador against American employers.

Do you know how much money Correa pays conflict of interest lobbyist and legal team Patton Boggs? How much he paid Clifford Chance? And his scores of lobbyists, lawyers and fake book makers?  Do you know how much U.S. taxpayers spend through US AID and its own State Department to cover up, lie and defraud Americans with fake data to pretend that all is legal, wonderful and clean in Ecuador when indeed Ecuador is a state sponsor of terror and Correa’s entire government are legally defined as drug king pins? Do you know?

We can hope that the New York court throws out- denounces- the Clifford Chance alums now doing work as Chaffetz Lindsey and their claim that Iran is exempt from asset freezing.

Tell the victims of Iran’s murdering horde that Iran is exempt from global justice.

Tell the victims of Correa’s bond scam that their losses were moral.

Tell the victims of each and every stolen business by Correa that the thefts of their homes, businesses and persons were legally warranted.

When nations spend a lot of money to lie to the U.S. Congress and that Congress refuses to perform fact finding while pouring $ billions of U.S. tax dollars to that nation, based on fraud, we sense a deep dark collusion in crime which must end now.

-Pedro Camargo for ECrisis

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The Wall Street Journal
LAW
DECEMBER 30, 2011
Iran to File Motion in U.S. Court to Unfreeze Funds
By JAY SOLOMON

WASHINGTON—Iran's central bank is preparing to file a motion in a New York federal court early next year to release nearly $2 billion of its frozen funds at Citigroup Inc.'s Citibank unit, according to attorneys for the Iranian bank.

Tehran's action will mark the latest step in a widening legal struggle for control of the money.

The assets were frozen in 2008 after a group of more than 1,000 victims of international terrorism sought the funds as partial payment for a $2.7 billion legal judgment made against Tehran for its alleged role in the 1983 bombing of a Marine Corps barracks in Beirut that killed 241 servicemen.

A federal judge's decision to freeze the funds from the central bank, known as Bank Markazi, was the largest seizure of Iranian funds outside Iran since the 1979 Islamic revolution. The funds were deposited in Citibank by Luxembourg-based Clearstream Banking SA.

Bank Markazi has emerged as a target in the West's financial war against Iran, which is partly aimed at forcing Tehran to end its production of nuclear fuel.

U.S. President Barack Obama is scheduled to sign new legislation that will ban any business dealings with Bank Markazi, which conducts the majority of Iran's oil sales. The European Union also is considering blacklisting Bank Markazi, as well as imposing an embargo on all purchases of Iranian energy, in a bid to end Tehran's nuclear program and support for Middle East-based militant groups.

Lawyers representing Bank Markazi are arguing in the U.S. Court for the Southern District of New York that freezing the Iranian funds is illegal under U.S. law, according to recently unsealed court documents. These lawyers cite the Foreign Sovereign Immunities Act as safeguarding from seizure by litigants the holdings inside the U.S. of any foreign central bank.

Bank Markazi's counsel plans to file a motion in early February to release the funds on these grounds. "Bank Markazi will show that its property is immune from seizure," said David Lindsey of Chaffetz Lindsey LLP, the law firm representing the Iranian central bank.

Lawyers for the terrorism victims believe the new U.S. legislation blacklisting Bank Markazi will strengthen their case for claiming the funds at Citibank.

The 2008 decision by a New York judge to freeze Bank Markazi's assets used information from the U.S. Treasury Department, according to court documents. Treasury showed Bank Markazi deposited debt instruments with the Luxembourg-based financial-services company Clearstream, which placed the securities in the account at Citibank.

The New York court later ordered that $250 million be released on the grounds it didn't ultimately belong to Iran. But lawyers representing the terrorism victims' families have sued Clearstream and a Rome-based trade bank, Banca UBAE, for allegedly fraudulently covering up Iran's ownership of these funds.

Banca UBAE had been controlled by the late Libyan dictator Moammar Gadhafi before his government was overthrown this year.

A spokesman for Banca UBAE in Rome declined to comment.

Clearstream has declined to comment on ongoing litigation. The company said in court filings the money held at its accounts at Citibank was Clearstream's property and not Iran's. Clearstream has argued in the New York court that the nearly $2 billion should be released because the bank was protected by Luxembourg banking laws.

Tensions between the West and Iran have intensified in recent weeks due to the international efforts to target Bank Markazi and Tehran's oil revenues. Senior Iranian officials said this week that Iran's navy would stop the flow of international shipping through the strategic Strait of Hormuz if the oil embargo went through. Roughly 15 million barrels of oil pass through the waterway every day.

On Thursday, Italian Prime Minister Mario Monti said his government will support further sanctions against Iran, as long as they exclude oil supplies to Italy's biggest energy company that constitute repayment for work the firm did in the Islamic republic.

"There is strong concern on the advancement of Iran's nuclear program reaching a point of nonreturn and the strategy, which Italy agrees with, is the urgency to strengthen instruments of pressure on Iran," he told a news conference.

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News

Chaffetz Lindsey Hosts Clients and Colleagues at Opening Reception September 2011 - Over 200 guests joined the attorneys and staff of Chaffetz Lindsey for an evening of food and drinks to celebrate the opening of the firm's new offices at 505 Fifth Avenue.  The reception showcasing the newly remodeled offices on the corner of Fifth Avenue and 42nd Street in the heart of midtown Manhattan, was a chance for friends of the firm to reconnect and mingle while enjoying superb views of the New York Public Library.  The event was attended by clients and counsel from New York as well as London, Mexico, Greece and France.  Guests were treated to the culinary delights of Danny Meyer's Union Square Events and the musical sounds of Eric Nicolas.

www.chavetzlinsdey.com

Chaffetz Lindsey LLP to Specialize in International Arbitration, Reinsurance,

and Commercial Litigation

Nationally Recognized Attorneys Form New York Law Firm

NEW YORK (May 5, 2009)—Chaffetz Lindsey LLP opened for business today in New York.

The firm wi l l special ize in international arbitration, reinsurance, and commercial l itigation. The

f ive founding par tners, Peter Chaf fetz, David Lindsey, Char l ie Scibet ta, James Hosking and

Ceci l ia Moss previously practiced together for nine years in the New York Office of Cl ifford

Chance.

“This is a response to how current market conditions have affected our cl ients,” said Chaffetz.

“Cl ients have a greater need than ever for commercial ly-oriented lawyers who can provide firsttier

service from a lower-cost, flexible platform.”

Both Chaffetz and Lindsey individual ly and their practices have been highly rated by Chambers

and other legal di rector ies. At Cl i f ford Chance, Chaf fetz led the f i rm-wide l i t igat ion pract ice

and was a member of the f i rm’s global management commi t tee f rom 2004-08. Lindsey has led

Cl ifford Chance’s Americas arbitration practice since 2000.

“We’re proud to have been part of Cl ifford Chance, but going out on our own wi l l give us greater

flexibi l ity on cost and also dramatical ly reduce the confl ict problems created by the breadth of

Cl ifford Chance’s cl ient roster,” Chaffetz said.

Said Lindsey, “We look forward to br inging the global perspect ive we developed at Cl i f ford

Chance to our new firm.” He noted that over the past nine years the team moving to Chaffetz

Lindsey has helped cl ients resolve disputes involving over 40 countries.

Peter Chaf fetz is a leading pract i t ioner in the f ields of reinsurance l i t igat ion and arbi t rat ion and

insurance rest ructur ing. He has had prominent roles in most of the major disputes af fect ing the

reinsurance market over the past 20 years and regularly writes, lectures and chairs educational

programs in the field. He also has broad commercial l itigation experience. Mr. Chaffetz is a

graduate of the University of Chicago Law School and Harvard Col lege.

1350 AVENUE OF THE AMERICAS, NEW YORK, NY 10019 I OFFICE: (212) 257-6960 I FAX: (212) 257-6950 I WWW.CHAFFETZLINDSEY.COM

Ch a f f e t z L ind s e y l l p

For Immediate Release

1350 AVENUE OF THE AMERICAS, NEW YORK, NY 10019 I OFFICE: (212) 257-6960 I FAX: (212) 257-6950 I WWW.CHAFFETZLINDSEY.COM

Ch a f f e t z L ind s e y l l p

David Lindsey focuses on international arbitration. His practice has involved cross-border

contract disputes, power/energy projects, investor-to-state claims, and reinsurance. He is cochair

of the Dispute Resolution Interest Group of the American Society of International Law. In

2002, he publ ished International Arbitration in Latin America, the first comprehensive Engl ishlanguage

review of arbitration in the region. He has also tried cases in federal and state courts.

He graduated with honors from the Florida State University Col lege of Law and the University

of Texas.

Char l ie Scibet ta focuses on insurance, reinsurance and general business l i t igat ion and

arbitration. After receiving an undergraduate degree from the State University of New York at

Buffalo, he graduated summa cum laude and valedictorian of his class from Albany Law School

and received his LLM from Columbia University School of Law.

James Hosking focuses on international arbitration, especial ly disputes arising out of the energy

sector, corporate acquisi t ions, telecommunicat ions, l icensing and insurance/reinsurance. He

also has exper t ise in publ ic internat ional law, especial ly investment t reaty claims. Mr. Hosking

has also l i t igated cases in US, and New Zealand cour ts and in the Pr ivy Counci l . He has

undergraduate and law degrees from the University of Auckland and an LLM from Harvard Law

School.

Cia Moss’s practice focuses primari ly on insurance and reinsurance l itigation and arbitration.

She has represented insurance and reinsurance companies in disputes involving l ife/health

reinsurance, property and casualty reinsurance, workers’ compensation carve-out, and finite

risk reinsurance. Ms. Moss graduated from Fordham University School of Law and Princeton

University.

Chaffetz Lindsey LLP, 1350 Avenue of the Americas, New York, NY 10019

phone: 212.257.6960, www.chaffetzlindsey.com

Peter Chaffetz 212.257.6961, peter.chaffetz@chaffetzl indsey.com

David Lindsey 212.257.6966, david.l indsey@chaffetzl indsey.com

Charlie Scibetta 212.257.6962, charles.scibetta@chaffetzl indsey.com

James Hosking 212.257.6963, james.hosking@chaffetzl indsey.com

Cia Moss 212.257.6964, cia.moss@chaffetzl indsey.com