Dear Goldman Sachs:

xNY.io - Bank.org has made 37 highlights to Nanjing Audit University's "Can D&O insurance improve corporate ESG performance?" for Meta Platforms' Board. 

Can D&O insurance improve corporate ESG performance?:
    xNY.io - Bank.org respectfully reserves all Interjurisdictional rights. 

    Thank you,

    Gunnar Larson
    --
    Gunnar Donald Arthur Peter Larson
    xNY.io - Bank.org 
    917-580-8053 

    On Fri, Mar 21, 2025, 1:19 AM Gunnar Larson <g@xny.io> wrote:

    Dear Goldman Sachs:


    Will Goldman Sachs' Board Directors submit the Board to an audit of the Deferred Agreement’s mandates?


    xNY.io - Bank.org confirms, Goldman Sachs' Deferred Prosecution Agreement holds certain risk requirements. 

    "Periodic Risk-Based Review 

     5. The Company will develop these compliance policies and procedures on the basis of a periodic risk assessment addressing the individual circumstances of the Company, in particular the foreign bribery risks facing the Company, including, but not limited to, its geographical organization, interactions with various types and levels of government officials, industrial sectors of operation, potential clients and business partners, use of third parties, gifts, travel and entertainment expenses, charitable and political donations, involvement in joint venture arrangements, importance of licenses and permits in the Company’s operations, degree of governmental oversight and inspection, and volume and importance of goods and personnel clearing through customs and immigration. 

     6. The Company shall review its anti-corruption compliance policies and procedures no less than annually and update them as appropriate to ensure their continued effectiveness, taking into account relevant developments in the field and evolving international and industry standards."

    Financial Services Forum President and CEO Kevin Fromer issued the following statement after the Office of the Comptroller of the Currency (OCC) announced it will no longer examine its regulated institutions for reputation risk.

     

    Forum Statement on OCC’s Removal of Reputation Risk

    Washington, D.C. – Financial Services Forum President and CEO Kevin Fromer issued the following statement after the Office of the Comptroller of the Currency (OCC) announced it will no longer examine its regulated institutions for reputation risk:

    “We appreciate the OCC’s action to ensure bank supervision is focused on financial and other material risks. Today’s decision is an important step to create a more transparent and effective regulatory environment. We look forward to continuing to work with the Administration and Congress to identify solutions that allow America’s leading banks to continue to best serve their customers.”

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    The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and most diversified financial institutions headquartered in the United States. The Forum promotes policies that support savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system.

    xNY.io - Bank.org respectfully reserves all Interjurisdictional rights. 

    Thank you,

    Gunnar Larson 
    --
    Gunnar Donald Arthur Peter Larson
    xNY.io - Bank.org 
    917-580-8053 

    On Thu, Mar 20, 2025, 8:31 AM Gunnar Larson <g@xny.io> wrote:
    Goldman Sachs:

    xNY.io - Bank.org is concerned Goldman Sachs is potentially 'obstructing justice'  against xNY.io - Bank.org's global enterprise.

    Swiss Bank Accused Of Ignoring $1B Kuwaiti Bribery Scheme

    By Lucia Osborne-Crowley

    A Swiss bank turned a blind eye to a scheme of corrupt payments orchestrated by the former director of Kuwait's pensions authority by failing to make reasonable inquiries into suspicious accounts, lawyers for the body told a court on Wednesday.

    Read full article » | Save to favorites »

    Goldstein Says Feds 'Misled' Court With Obstruction Claim

    By Phillip Bantz

    U.S. Supreme Court lawyer and SCOTUSblog publisher Tom Goldstein wants a Maryland federal judge to sanction prosecutors in his tax evasion case for a "pattern of false and misleading statements" to the court accusing him of hiding millions in cryptocurrency and bribing his former law firm manager.

     2 documents attached | Read full article » | Save to favorites »

    xNY.io - Bank.org respectfully reserves all Interjurisdictional rights. 

    Thank you,

    Gunnar Larson 
    --
    Gunnar Donald Arthur Peter Larson
    xNY.io - Bank.org 
    917-580-8053 

    On Wed, Mar 19, 2025, 3:11 PM Gunnar Larson <g@xny.io> wrote:

    Trump Administration Gives All Clear to Laundering Money through Shell Companies and Bribing Foreign Officials

    By Pam Martens and Russ Martens: March 19, 2025 ~

    Trump, Pied PiperOn February 10, President Donald Trump issued an Executive Order that suspended the Foreign Corrupt Practices Act (FCPA) for 180 days, giving an all clear to U.S. corporations to bribe officials in foreign countries to get business deals approved. The order bars federal prosecutors from starting any new FCPA investigations, enforcing new actions and orders a review of existing FCPA investigations to “restore proper bounds” on applying the FCPA law.

    The FCPA, enacted in 1977, has been the law of the United States for almost half a century. In July 2020, the Justice Department and Securities and Exchange Commission issued a comprehensive and updated guide to the FCPA. It explained its purpose as follows:

    “Foreign bribery is a scourge that must be eradicated. It undermines the rule of law, empowers authoritarian rulers, distorts free and fair markets, disadvantages honest and ethical companies, and threatens national security and sustainable development. This updated Guide is meant not only to summarize the product of the dedicated and hardworking individuals who combat foreign bribery as part of their work for the U.S. government, but also to help companies, practitioners, and the public — many of whom find themselves on the front lines of this fight —prevent corruption in the first instance. We hope that the Guide will continue to be an invaluable resource in those efforts.”

    In early March the Trump administration gutted another anti-corruption law, the Corporate Transparency Act.

    The Corporate Transparency Act became law in 2021. Its goal is to curb anonymous shell companies from money laundering in the U.S. behind a dark curtain. It requires that the true owners of these shell companies must file that beneficial ownership information into a federal registry established by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and it imposes stiff fines and up to two years in prison for failure to do so.

    Quietly, with little fanfare on March 2, Trump’s newly installed Treasury Secretary (hedge fund honcho Scott Bessent) announced that he would not enforce the Corporate Transparency Act as the law was written. The statement from the Treasury Department said this:

    “The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either. The Treasury Department will further be issuing a proposed rulemaking that will narrow the scope of the rule to foreign reporting companies only. Treasury takes this step in the interest of supporting hard-working American taxpayers and small businesses and ensuring that the rule is appropriately tailored to advance the public interest.”

    We have read regulatory announcements by the U.S. Treasury Department for decades. We have never read anything from prior administrations that is so unprofessionally constructed or that so brazenly thumbs its nose at duly passed laws by the U.S. Congress.

    These two bizarre rollbacks of anti-corruption legislation raise the obvious question: Who benefits?

    Donald Trump himself comes to mind.

    In March 2017, USA Today published an explosive expose that revealed the following:

    “Trump’s privately held company works through a network of subsidiaries and partnerships that make direct connections hard to trace, particularly since he has refused to release his tax filings. In addition, some of the Trump Organization’s investors and buyers operate through shell companies and limited liability corporations that hide the identities of individual owners.”

    The article drilled down further to these specifics:

    “•  A member of the firm that developed the Trump SoHo Hotel in New York is a twice-convicted felon who spent a year in prison for stabbing a man and later scouted for Trump investments in Russia.

    “•  An investor in the SoHo project was accused by Belgian authorities in 2011 in a $55 million money-laundering scheme.

    “•  Three owners of Trump condos in Florida and Manhattan were accused in federal indictments of belonging to a Russian-American organized crime group and working for a major international crime boss based in Russia.

    “•  A former mayor from Kazakhstan was accused in a federal lawsuit filed in Los Angeles in 2014 of hiding millions of dollars looted from his city, some of which was spent on three Trump SoHo units.

    “•  A Ukrainian owner of two Trump condos in Florida was indicted in a money-laundering scheme involving a former prime minister of Ukraine.

    “…What’s more, Trump and his companies have had business dealings with Russians that go back decades, raising questions about whether his policies would be influenced by business considerations.”

    In 2008 Trump’s son, Donald Jr., told Russian media while he was in Moscow that “Russians make up a pretty disproportionate cross-section of a lot of our assets; say in Dubai, and certainly with our project in SoHo and anywhere in New York. We see a lot of money pouring in from Russia. There’s indeed a lot of money coming for new-builds and resale reflecting a trend in the Russian economy and, of course, the weak dollar versus the ruble” according to USA Today reporting in December 2016.

    On Wed, Mar 19, 2025, 11:22 AM Gunnar Larson <g@xny.io> wrote:
    Goldman Sachs:

    xNY.io - Bank.org is prepared to take any potential arguments to every Supreme Court on Planet Earth for consideration. 

    NBA Asks High Court To Weigh In On VPPA Data Sharing Suit

    By Gina Kim

    The NBA has urged the U.S. Supreme Court to weigh in on a Second Circuit decision that revived a Video Privacy Protection Act suit alleging that the league shared video viewing activities of its website's visitors with Meta, arguing that the plaintiff lacked standing since the information wasn't publicly disseminated or highly personal.

     Petition attached | Read full article » | Save to favorites »

    xNY.io - Bank.org respectfully reserves all Interjurisdictional rights. 

    Thank you,

    Gunnar Larson 
    --
    Gunnar Donald Arthur Peter Larson
    xNY.io - Bank.org 
    917-580-8053 

    On Wed, Mar 19, 2025, 10:23 AM Gunnar Larson <g@xny.io> wrote:
    Goldman Sachs:

    xNY.io - Bank.org's research could paint a stark image for Gomdman Sachs' Board Directors if the firm knowingly made efforts to defraud the United States of America AND xNY.io - Bank.org symaltaniouly; While under an active Deferred Prosecution Agreement with the United States of America. 

    Tennis Governing Bodies Are A 'Cartel,' Players Claim In Suit

    By David Steele

    Twelve current and former tennis professionals filed a proposed antitrust class action in New York federal court on Tuesday, accusing the sport's governing bodies of operating as a "cartel" that manipulates pay and rankings, forces unsafe playing conditions, and exposes players to unfair investigations and discipline.

     Complaint attached | Read full article » | Save to favorites »

    States Oppose Term In Sandoz Price-Fixing Deal With Fla.

    By Jared Foretek

    State enforcers still locked in price-fixing litigation against generic-drug maker Sandoz are raising objections to a cap on what they could win through settlements in Florida's recent agreement with the company, telling the Connecticut federal judge weighing approval that it would block or delay potential settlements of their own.

     Notice attached | Read full article » | Save to favorites »

    BlackRock Calls Red States' Suit Over Coal Prices 'Farfetched'

    By Katryna Perera

    BlackRock Inc. and two other large asset managers have urged a Texas federal judge to toss claims brought by a coalition of Republican-led states alleging the firms ran a scheme to drive up coal prices as part of an "investment cartel," saying the case "spins a farfetched theory."

     Memorandum attached | Read full article » | Save to favorites »

    xNY.io - Bank.org respectfully reserves all Interjurisdictional rights.

    Thank you,

    Gunnar Larson 
    --
    Gunnar Donald Arthur Peter Larson
    xNY.io - Bank.org 
    917-580-8053 

    On Wed, Mar 19, 2025, 8:04 AM Gunnar Larson <g@xny.io> wrote:
    Goldman Sachs:

    Trading Giant Virtu Must Face Suit Over Confidentiality Issues

    By Katryna Perera

    A New York federal judge has trimmed a consolidated class action accusing trading giant Virtu Financial Inc. of misleading investors on issues around access to confidential customer trading information, finding that one category of statements in the complaint is not actionable but otherwise allowing the suit to proceed.

     Order attached | Read full article » | Save to favorites »

    xNY.io - Bank.org respectfully reserves all Interjurisdictional rights.

    Thank you,

    Gunnar Larson 
    --
    Gunnar Donald Arthur Peter Larson
    xNY.io - Bank.org 
    917-580-8053 

    On Tue, Mar 18, 2025, 12:46 PM Gunnar Larson <g@xny.io> wrote:
    Goldman Sachs:

    The whole idea of Goldman Sachs' Deferred Prosecution Agreement is to uphold oversight of the Board Directors' Independence; To uphold the Agreement's mandates; And to respect 'third-party' relationships.

    Littler Elects 6 New Members To Board Of Directors

    By Tracey Read

    Littler Mendelson PC has elected six new members to its 19-member, 2025 board of directors, the management-side employment and labor law firm announced Monday.

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    Activist Investor Calls For Reconstitution Of Parkland's Board

    By Jade Martinez-Pogue

    Activist hedge fund Engine Capital on Monday called for a comprehensive reconstitution of Calgary, Alberta-based Parkland Corp.'s board of directors, saying that the current board has overseen "meaningful underperformance" and demonstrated "zero interest" in engaging with its shareholders.

    Read full article » | Save to favorites »

    Will Goldman Sachs' Board Directors submit the Board to an audit of the Deferred Agreement’s mandates?


    xNY.io - Bank.org confirms, Goldman Sachs' Deferred Prosecution Agreement holds certain employee, customer and vendor data requirements.

    "Proper Oversight and Independence 

    •  7. The Company will assign responsibility to one or more senior corporate executives of the Company for the implementation and oversight of the Company’s anti-corruption compliance code, policies, and procedures. Such corporate official(s) shall have the authority to report directly to independent monitoring bodies, including internal audit, the Company’s Board of Directors, or any appropriate committee of the Board of Directors, and shall have an adequate level of stature and autonomy from management as well as sufficient resources and authority to maintain such autonomy.

    Third-Party Relationships

    • 14. The Company will institute appropriate risk-based due diligence and compliance requirements pertaining to the retention and oversight of all agents and business partners, including: a. properly documented due diligence pertaining to the hiring and appropriate and regular oversight of agents and business partners; ..."
    xNY.io - Bank.org respectfully reserves all Interjurisdictional rights. 

    Thank you,

    Gunnar Larson 
    --
    Gunnar Donald Arthur Peter Larson
    xNY.io - Bank.org 
    917-580-8053 

    On Tue, Mar 18, 2025, 7:13 AM Gunnar Larson <g@xny.io> wrote:
    Goldman Sachs:

    Your firm's Deferred Prosecution Agreement with the United States of America was a supreme agreement; To protect New Yorkers and Americans from Goldman Sachs' potential future descresions. 

    xNY.io - Bank.org's running hypothesis is to move the Deferred Agreement conversation forward on or before March 24, 2025. 

    6 Bombshell Moments From Staley's Bid To Clear His Name

    By Christopher Crosby

    Jes Staley has suffered a bruising week as he testified about his relationship with Jeffrey Epstein, culminating in an admission by the former banker that he had sex with a member of the disgraced financier's staff.

    Read full article » | Save to favorites »

    • Further inquiry could eventually summerise an enterprise software racket perpetuated by Goldman Sachs;
    • Perhaps, an enterprise software RICO could be argued visavie Goldman Sachs' software relationships at Coinbase, Fireblocks, Robinhood, Apple Card and WorldBank.org; 
    • While under active Deferred Prosecution Agreement with the United States of America.

    FCA Fines, Bans Odey For Obstructing Misconduct Probe

    By Christopher Crosby

    The Financial Conduct Authority banned Crispin Odey on Monday and fined the hedge fund boss £1.8 million ($2.3 million) after concluding that he had attempted to thwart an internal probe into sexual misconduct allegations.

    Read full article » | Save to favorites »

    xNY.io - Bank.org's research could paint a stark image for Gomdman Sachs' Board Directors if the firm knowingly made efforts to defraud the United States of America AND xNY.io - Bank.org symaltaniouly; While under an active Deferred Prosecution Agreement with the United States of America. 

    xNY.io - Bank.org respectfully reserves all Interjurisdictional rights. 

    Thank you,

    Gunnar Larson
    --
    Gunnar Donald Arthur Peter Larson
    xNY.io - Bank.org 
    917-580-8053 

    ---------- Forwarded message ---------
    From: Laura Peavey <lpeavey@fsforum.com>
    Date: Mon, Mar 17, 2025, 5:22 PM
    Subject: Forum Welcomes Nomination for Fed Vice Chair for Supervision
    To: Gunnar Larson <G@xny.io>


    The Forum congratulates Michelle Bowman on her nomination to serve as the Federal Reserve Board’s Vice Chair for Supervision.

     

    Forum Welcomes Nomination for Fed Vice Chair for Supervision

    “Banking regulation and supervision play critical roles in ensuring a safe and sound financial system.”

    Washington, D.C. – Financial Services Forum President and CEO Kevin Fromer issued the following statement today after President Trump announced his nomination of Federal Reserve Governor Michelle Bowman to serve as the Federal Reserve Board’s Vice Chair for Supervision:

    “The Forum congratulates Governor Bowman on her nomination and commends President Trump for his action to fill this position. Banking regulation and supervision play critical roles in ensuring a safe and sound financial system. The Vice Chair for Supervision focuses on the policies and practices which affect the ability of banks to serve our economy and contribute to financial stability. America’s leading banks—the strongest and most diversified financial institutions based in the United States—look forward to working with the next Vice Chair for Supervision to implement sound regulation and effective supervision that promotes economic growth.”

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