The Crimes In Wall Street's Closets

[Policing Wall Street]

In the October 5-11, 2009 issue of Crain’s New York there was an article, “Crazy like a fox,” by Aaron Elstein. 

This article attempted to rehabilitate a convicted stock fraud artist, Sam E. Antar, one of the masterminds of the “Crazy Eddie” stock fraud.  The Crazy Eddie stock fraud was perhaps the most well known stock fraud of the 1980s.

People wonder about all the crimes that are being exposed on Wall Street on an almost daily basis. The fact of the matter is that there was a code of ethics to ignore major crimes on Wall Street; so quite naturally it caused the kind of collapse we saw last year.   

In the same October 5-11 issue of Crain's, Alair Townsend scribbled a puff piece, “Filling big shoes in a very big city.”
So who is Alair Townsend?

Alair Townsend is currently on the Board of Overseers of CREF, a huge pension fund.  But during the time period in which I am interested Townsend was Publisher of Crain’s New York Business.  

But I am not concerned about Townsend’s actions at Crain’s. I am concerned with her activities as a member of the Board of the American Stock Exchange- during the time period when I was attempting to expose the rape and sexual assault of female employees who worked at Miceli-VanCaneghan by a partner in the firm; the laundering of drug money by Louis Miceli, former Senior Floor Governor of the American Stock Exchange, and Robert VanCaneghan, a member of the Board of the American Stock Exchange via their American Stock Exchange specialist firm; and, the smuggling of cocaine by Louis Miceli.  

I submitted detailed information about these crimes to the relevant authorities and also to the FBI when I was wired to help expose corruption on Wall Street.

Now those are interesting topics to all Americans-except, it appears, to members of the Board of the American Stock Exchange. Townsend never wrote about these heinous crimes in Crain’s- even though I had written to her in her capacity as a member of the Board of the American Stock Exchange about the criminal activity at the Amex. For confirmation of my veracity I enclosed with my letter to Townsend a copy of a Department of Justice document, which proved that I had been wired by the FBI.

How was Townsend to know about the rapes? On February 26, 1966 I wrote a letter, certified mail P 228 322 699, to Townsend about the rapes.  I named the rapist. I even named members of the Amex Board, who knew about the rapes. Let's remember that the rapist had admitted the rapes to members of the Amex Board.  He had even apologized for sexually assaulting his female employees and said that he would no longer sexually attack his female employees. 

How did I know about the rapes, the reader might query? Simple the victims told me, as I had a reputation for exposing abuses on Wall Street, while I was a trader. And there was a witness to one sexual assault, which occurred on the mezzanine of the Amex.

I also informed Assistant United States Attorney Frances Fragos that the members of the Amex Board were covering for a rapist. Fragos was livid.

Some members of the Amex Board boasted to me that my attempts to expose a confessed sex pervert were useless. After all the FBI knew that VanCaneghan had laundered drug money and nothing was done to him.

In the two letters I wrote to Townsend I also mentioned several other crimes, which had been perpetrated at the Amex and which were being covered up by the Amex.

Another letter I wrote was dated February 26, 1996, certified mail P 228 322 699, to Townsend and it detailed the massive illegal trading of Pat Schettino, a partner in Spear Leeds and Kellogg.

These crimes I detailed to Townsend and others could have easily been verified. Why would Townsend not perform her fiduciary responsibility as a member of the Board of the Amex?