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| Tags: jail, sam, sloan |
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#1
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Poor Liarry Parr. Here he comes to this forum trying to paint Sloan as the
victim by our excessive government and smear campaigns by his politcal enemies. And then comes along the likes of The Historian, among others, who present actual, irrefutable evidence demonstrating that Liarry wasn't telling the whole truth. The guy just can't catch a break. "The Historian" wrote in message oups.com... wrote: Instead, one links a securities case that Sam WON in the U.S. Supreme Court ... It's a little more complicated than that. Sloan won ONCE, on a procedural matter; but there were several violations that lead to his ban from the securities industry. More on Sam Sloan's career as a broker: http://www.ishipress.com/sec1991.htm Beginning in May 1970, Sloan was the sole proprietor and manager of Samuel H. Sloan & Co. ("Sloan & Co."), a broker-dealer registered with the SEC pursuant to Section 15(b) of the Exchange Act, 15 U.S.C. ?? 78o(b). In [*2] 1971, the SEC filed a complaint against Sloan and Sloan & Co. seeking injunctive and other relief for alleged violations of Sections 15(b)1, 15(c)(3) and 17(a) of the Exchange Act, 15 U.S.C. Sections 78o(b)(1), 78o(c)(3), and 78q(a), and Rules 17 C.F.R. 240.15b1-2, 15c3-1, 17a-3 and 17a-4 promulgated thereunder. On June 24, 1971, an order was entered on consent which preliminarily enjoined Sloan and Sloan & Co. from further violations of the net capital and bookkeeping requirements of the federal securities laws. Thereafter, at trial, this Court found that Sloan & Co., under the direction of Sloan, had violated provisions of the Exchange Act by failing to properly maintain, keep current and preserve certain of its books and records, and by effecting transactions in securities otherwise than on a national securities exchange. The Court also found that defendants, while engaged in unlawful acts, practices and courses of business, had made use of the mails and means and instrumentalities of interstate commerce, and effected the transactions otherwise than on a national securities exchange. A number of the above mentioned violations occurred after the Court's entry of the preliminary injunction [*3] enjoining defendants from further violations. The Court found that unless permanently enjoined, there was a likelihood that the defendants would continue to engage in violations of the federal securities laws. Accordingly, on January 14, 1974, a permanent injunction was entered against defendants. Sloan's appeal of the permanent injunction was dismissed because Sloan was a fugitive when the appeal was scheduled to be heard. The Court of Appeals in Sloan v. Sec, 535 F.2d 676, 677 (2d Cir.), cert. denied, 429 U.S. 885 (1976), found that Sloan "apparently fled the jurisdiction to escape sentencing for contempt of a preliminary injunction restraining still further violations of SEC rules and requiring Sloan to permit SEC examination of his books and records." http://www.scripophily.net/canjavlimited.html "This company [Canadian Javelin] was involved with distributing misleading information, which ultimately led to a stock trading suspension. This case was taken to the U.S. Supreme Court to decide on the SECs authority in halting trading. This was a landmark securities case, which has been continually referenced in subsequent security cases. On November 29, 1973, apparently because Canadian Javelin Limited had disseminated allegedly false and misleading press releases concerning certain of its business activities, the Commission issued the first of what was to become a series of summary 10-day suspension orders continuously suspending trading in CJL common stock from that date until January 26, 1975. App. 109. During this series of suspensions respondent Sloan, who owned 13 shares of CJL stock and had engaged in substantial purchases and short sales of shares of that stock, filed a petition in the United States Court of Appeals for the Second Circuit challenging the orders on a variety of grounds." |
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#2
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SAM'S '"FELONY"
Mr. John J: You were lied to. Sam did not go to jail for securities or licensing matters. He took his own daughter against a court order. Period. Randy Bauer tried the old ploy of stating that Sam went to jail and was involved in a securities case. THE TWO HAD NOTHING TO DO WITH EACH OTHER. Sam Sloan went to jail because he took his own daughter against a court order. A political hack like Randy Bauer calls that kidnapping. I call it an affair of the heart. That is Sam's "criminality": an act that would not have been under the purview of the state a couple of generations back. Sam took a securities case to the U.S. Supreme Court and WON by 9-0. He is the last non-attorney to argue successfully before the Court. He would have had to prevail in a second case to recover his license, which he had neither the money nor energy to do. The bureaucrats lost in the courts but they won out against the individual. Sam can fill us in on the taxi license affair. |
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#3
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#4
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Sam and I happen to have a mutual friend whom I respect. He recently told me
that regarding the felony, Sam got a bum rap. I am actually more concerned with what I read about the Securities violations. Sam seemed to lack any good judgement back then and apparently flaunted the law and continued violating a Federal Court order. That concerns me. I'm also disturbed that Sam still has a picture of 2 naked and apparently underage girls on his web site. Poor judgement, once again. We shall see. wrote in message oups.com... SAM'S '"FELONY" Mr. John J: You were lied to. Sam did not go to jail for securities or licensing matters. He took his own daughter against a court order. Period. Randy Bauer tried the old ploy of stating that Sam went to jail and was involved in a securities case. THE TWO HAD NOTHING TO DO WITH EACH OTHER. Sam Sloan went to jail because he took his own daughter against a court order. A political hack like Randy Bauer calls that kidnapping. I call it an affair of the heart. That is Sam's "criminality": an act that would not have been under the purview of the state a couple of generations back. Sam took a securities case to the U.S. Supreme Court and WON by 9-0. He is the last non-attorney to argue successfully before the Court. He would have had to prevail in a second case to recover his license, which he had neither the money nor energy to do. The bureaucrats lost in the courts but they won out against the individual. Sam can fill us in on the taxi license affair. |
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#5
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Uzytkownik "Randy Bauer" napisal w wiadomosci oups.com... wrote: SAM'S '"FELONY" Mr. John J: You were lied to. Sam did not go to jail for securities or licensing matters. He took his own daughter against a court order. Period. Liarry, since you are an expert in this area, explain the "lie." Sam Sloan is a convicted felon who served prison time and had his securities license yanked. Name-calling : another specialty of a member of the EB of the USCF. I wonder how such an impertinent person like you could have been elected in a civilized country to the EB ? |
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#6
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And I ask again--where's Parr's stirring defense of Sloan's stirring
defense of the child molester (and Sloan's co-author) Jefferson Poland? Poland founded the Sexual Freedom League, Sloan was its past president; by the testimony of its own members, it morphed into an organization that encouraged sexual relations between adults and children. If Sloan is so wonderful, why is Parr silent WRT Sloan's Wikipedia writings on Jefferson Poland? 2000 words on topic, on the topic you're avoiding, Larry, chop chop. Folks, if you think the question is tiresome, so do I. It's also tiresome not to get an answer.... ;-) |
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#7
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Jerzy wrote: Uzytkownik "Randy Bauer" napisal w wiadomosci oups.com... wrote: SAM'S '"FELONY" Mr. John J: You were lied to. Sam did not go to jail for securities or licensing matters. He took his own daughter against a court order. Period. Liarry, since you are an expert in this area, explain the "lie." Sam Sloan is a convicted felon who served prison time and had his securities license yanked. Name-calling : another specialty of a member of the EB of the USCF. Try and keep up with the times. I am not on the EB. I am just stating facts. Now that you've lost your argument that this is all politics, why don't you try and defend the convicted felon who has served jail time Sloan? Randy Bauer |
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#8
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Just to be clear who Sloan defends: go to http://www.nsopr.gov/ and
search John Jefferson Poland: you'll find under "Offense Code": "288(a) LEWD OR LASCIVIOUS ACTS WITH CHILD UNDER 14 YEARS." Also examine's Poland's known aliases.... |
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#9
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John J. wrote: Sam and I happen to have a mutual friend whom I respect. He recently told me that regarding the felony, Sam got a bum rap. I am actually more concerned with what I read about the Securities violations. Sam seemed to lack any good judgement back then and apparently flaunted the law and continued violating a Federal Court order. That concerns me. I'm also disturbed that Sam still has a picture of 2 naked and apparently underage girls on his web site. Poor judgement, once again. All reasonable concerns. Let me pose another concern: Do you really think that if, for example, the USCF were seeking a major sponsor, say, a major corporation, and they did due diligence on the USCF -- such as running basic searches on its Executive Board members -- they would still want to work with the USCF after finding Sloan's website, criminal record, and securities history? Randy Bauer |
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#10
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wrote: Sam took a securities case to the U.S. Supreme Court and WON by 9-0. He is the last non-attorney to argue successfully before the Court. He would have had to prevail in a second case to recover his license, which he had neither the money nor energy to do. Larry is 'under-researched', as Philth Innes might say. The Supreme Court case was in 1978, AFTER Sloan lost his license. The bureaucrats lost in the courts but they won out against the individual. Again, Sloan's 'victory' was only on a procedural matter. The Supreme Court ruled the SEC could not reissue a ten-day suspension order "based upon a single set of circumstances." Implying Sloan could ever have resumed trading shows an ignorance, wilfull or otherwise, of the facts. http://www.samsloan.com/sec.htm http://www.samsloan.com/369fs996.htm Conclusions of Law 1. This Court has jurisdiction under Section 27 of the Exchange Act, 15 U.S.C. ?? 78aa. 2. From on or about January 15, 1971 through January 31, 1972, [**13] as well as from May 1973 to date, Sloan & Co., under the direction of Sloan wilfully violated Section 17(a) of the Exchange Act, 15 U.S.C. ?? 78q(a), and Rules 17a-3 and 17a-4 promulgated thereunder, in that Sloan & Co. failed to properly maintain, keep current and preserve certain of its books and records, including: Ledgers or other records reflecting all assets and liabilities, income and expense and capital accounts; A securities record or ledger; A firm trading account; Ledgers (or other records) reflecting securities failed to receive and failed to deliver; Trial balances (or other records of all ledger accounts); and Computations of aggregate indebtedness and net capital. 3. From on or about January 18, 1971 as well as May and August 1973, Sloan & Co., under the direction of Sloan wilfully violated Section 15(c)(3) of the Exchange Act, 15 U.S.C. ?? 78o(c)(3), and Rule 15c3-1 promulgated thereunder, in that Sloan & Co. effected transactions in securities (other than exempted securities or commercial paper, bankers' acceptances or commercial bills) otherwise than on a national securities exchange while and at a time when its aggregate indebtedness to all other persons exceeded [**14] 2,000 per centum of its net capital and, in addition, its net capital was less than $5,000 or $15,000 as required. 4. While engaged in the above described acts, practices and course of business, defendants, directly and indirectly, made use of the mails and means and instruments of transportation and communication in interstate commerce, and of the means and instrumentalities of interstate commerce, and effected the transactions otherwise than on a national securities exchange. 5. The issuance of a permanent injunction is necessary to protect the public against the continuation or repetition of the above described violations [*1002] and, unless permanently enjoined, there is a likelihood that the defendants will continue to engage in violations of the Exchange Act and the Rules promulgated thereunder. |
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