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SEC goes after Bob Chapman

Saw this while going on Stockwatch.com this morning: http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:...



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I've heard him recently say

I've heard him recently say he doesn't own any shares of the stocks he advises people to buy - perhaps this is why.

He promoted hellix late last year as a company that would be a producer in two countries w/in six months. He knows the owner and may have gotten info from him rather than keeping up with filed reports about the company, because the company scrapped its plans in Mexico about a year before, and the Canadian mine is not anywhere near production. Several weeks ago a caller asked him about Hellix, but he said they were an exploration company and didn't seem to have any recall about saying the company was near producing. I chalked it up to his age. He's 74 or 75 and sometimes he forgets.

I'd like to hear his side of these charges. I'll be very disappointed if he deliberately misled. He may have taken someone's word about the status of these companies rather than doing the paper homework and thoroughly researching them. It's possible he was even set up to believe in the companies so they could get him. He spills the beans on govt dirt he gets from his connections - info I have found to be accurate - and says the gov't has been after him for decades.

I always thought you had to be served in person.

Chapman may deserve civil lawsuits from those he defrauded

but criminal penalties should be reserved for those who actually steal money. Like bankers who operate on a "fractional reserve" system. (OOPS! That would be all of them.) Or folks who persuade lawmakers to "bail out" their failing businesses with money extorted from taxpayers.

Recommended reading: The Most Dangerous Superstition by Larken Rose

Agreed,

he should definitely not serve any jail time or fines from the State. If people have a beef with him they can sue him privately.

ps. why do you say that frb is a crime? It's not inherently criminal--if it's done voluntarily by both parties (ie. bank and depositor) then it's legitimate.

Fractional Reserve Banking: the crime.

Fractional reserve banking, per se, it would be okay if depositors were bearing their own risk when they knowingly entrust their money to a banker who plans to take the money and invest it -- wisely or not, who knows? But that is not the case when the government-backed FDIC provides "insurance." The risk is imposed involuntarily on taxpayers. Therein lies the criminality, a collusion between banks and government to loot the citizenry whenever the bank's investments go sour.

Recommended reading: The Most Dangerous Superstition by Larken Rose

Exactly

FDIC is the crime. Not frb. Just like free goodies is the crime, not "illegal" immigrants.

That may be how it looks, but

Those government people who set this up were representing the people. They made their case and convinced the other representatives that it was in 'the peoples' best interest to change those regulations.

No, I don't buy it. It is us that is to blame. For way too long, we have allowed the voting system to be one of popularity and unaccountability and for that, we've allowed the banks to get in there and promote the popularity of their puppets. After all, he who sets the rules always wins the game.

We need to wake the people up. Expose the flaws in the major systems and major players in a big and frequent way. Make a big splash in the public's face and make it often and maybe those other swimmers in the pool will take notice and move in a different direction.

I think we need some sort of issue based, public debate style campaigns and chastise anyone making unfounded political statements.

That's how it looks, because

that's how it is. When was there EVER a vote of the people to force taxpayers to cover bankers' bad investments? Or to permit the Federal Reserve to issue fiat money at all? Or to create the FDIC? Is there anything in the Constitution which permits government to do ANY of that? Show me.

You seem to want to blame the victims for being victimized, rather than the criminals robbing them. The people voted for the criminals, you presumably think, so we should blame the people? Did you vote for Woodrow Wilson, who birthed the Fed? I'm sure I didn't. How then do we deserve to be robbed?

And even if some people do favor legalizing theft and cast their votes accordingly, what is the moral justification for robbing all the people (and all succeeding generations) who did not so vote?

And there is an even more basic problem with the your idea that political factors (i.e. voting) determine moral culpability or innocence. If a majority votes to legalize robbery, do you retain a right not to be robbed? Do you own your own life, or does government have the right to do anything they want with you and your property?

Recommended reading: The Most Dangerous Superstition by Larken Rose

I think you're mistaking where I'm placing the blame

I don't discount the moral blame on the bankers that causes all the frustration and anger I and so many others feel. I think they're morally to blame for every bit of it because they caused it fully.

However, over the decades, voters allowed the patsies to change the rules by voting in the puppets who would do the harm in the rule changes. No, I didn't personally vote for Wilson, so I'm not directly responsible for the Federal Reserve Act but anyone who has voted for a politician that did or would have continued with the status quo is directly responsible for their small part of allowing it to continue. I'm not saying that so that we can go after them but so that we can inform them how to not repeat the problem again.

As I see it, the rules now allow the banks to legally get away with almost everything they've done to get us where we are today so how can we "legally" go after much of anything with any teeth against them? The rules were set so they could do this and they did. We need politicians in there that will set the rules so that the system is fair and not game-able. We can't complain about Sanders acting how he did if we knew he was like that and we still voted him in. On top of that, we're now allowing him to think it's ok because we didn't storm his office with pitchforks to toss him out on his ass. Seems he got away with it... again. That is exactly how I train my dog to do something I want him to. It rarely works to train him not to do something.

Chapman briefly mentioned his harrassment by the SEC

on Friday's Alex Jones' show. I was listening to the mp3 of the show because I wanted to hear the interview with David Paul Hammer (which was really good -- videos of the interview), and Chapman who was on after, said that the SEC has been after him for like 20 years.

If True

it would be hard to listen to Bob Chapman anymore. Bummer.

Say it ain't so, Bob.

_____________________________
"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels

Sounds like Bob was playing dirty tricks

I would rather see a Rothschild do a perp walk, or dangle from a promontory, or smile from atop a pike... but I have serious reservations about a few of these beloved gold bugs. Jim Rogers was Soros' partner... that little detail does not seem to bother anyone but me, but it does bother me. Even Peter Schiff, why is he not more vocal about the plight of his father? It is a badge of honor in my opinion, yet Peter rarely mentions it.

Truth exists, and it deserves to be cherished.

Jim Rogers (Hunt Brothers Hi-Ho Silver bow tie) & HammerSoros

$$$_______Rogers & Hammer-Soros VS Huckleberry Finn____ $$$
$$$_________________the Musical_____________________$$$
$$$________Tune up your fiddle. I smell smoke._________$$$

Jim Rogers: smiling, Hunt brothers w/ bow tie. Groomed by Hunt brothers. Hammer-Soros accomp... Copper line up mug: smiling w/ bow tie. Plea: "I have the worst timing in the world." Nice?

Soros: Banking; speaks out and writes a book on terriers and related isms, not poodles; Hobby, buying one country at a time. Nice? Sales pitch? Plea?

Why is Bob Chapman interesting?
Bob Chapman Documents Broken Finn' System. Calls for real Finn' reform & justice.

Look at the members of the new proposed Financial Stability Oversight Council. First, we have the Secretary of the Treasury (... latest implant from the Fed + Goldman Sachs, in this case ... Tim Turbo-Tax Geithner), ... also the Chairperson of the Council... Chairman of the Board of Governors of the Federal Reserve (Buck-Busting Ben, the fox ... hen-house). Next, ... Comptroller of the Currency (John "I love GHW Bush" Dugan, who helped preside over the last culling of the small fry during the S&L Crisis as part of Bush Sr.'s Treasury Department), the Director of the Bureau of Consumer Financial Protection, ... an Obama appointee (aka "consumer protection czar"), Chairman of the SEC (Mary "Jump Them Goldie Bones" Shapiro), Chairman of the FDIC (Sheila "Let No One Ever Be Held Accountable" Bair, aka ... "Let the Large Insolvent Banks Absorb the Small Ones" Bair, ... "Shotgun Bank Weddings" Bair), Chairman of the CFTC (Gary "Strong Dollar Policy by Gold Suppression" Gensler, aka Gary "Silver Fraud? What Silver Fraud?" Gensler, ... Gary "What Do We Need Glass Stigal and OTC Derivative Regulation For Anyway?" Gensler, Director of the Federal Housing Finance Agency (Edward "Hide Those GSE Losses" DeMarco, who will also come to be known as Edward "We Love to Eat Toxic GSE Waste from the Fed" DeMarco).

Huckleberry Finn said, "Fishing good in these parts."

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Those are both intersting points...about Irwin and Soros

I've wondered why Rogers doesn't speak out against him now...they have pretty opposing political views. I wonder if they still are in contact?

And regarding Peter, I think he might disagree with his dad's position on the whole income tax thing. Peter's a pretty common sense guy, maybe he knows his dad is being a crank on this issue (ie. "the government is not following its own rules!!"...oh the horrors, yawn, it has only happened thruout the history of governments.)

Re: Chapman, from reading the article, it doesn't sound to me that he did anything that bad. I don't think he committed any crimes. The SEC are a bunch of busybodies. The SEC needs to be abolished. The stockmarket is a dangerous place...we don't need the pussyfied regulators trying to "make it safe" for mom and grandma. Lean the territory and stay the fuck away if it scares you.

SteveMT's picture

Regarding Soros and Rogers....

They made Billions running a Hedge Fund. How is the question? Fast money, faster deals, and everyone one of those deals legit?

When they parted ways, they must have agreed to boundaries that were not to be crossed because of the "dirt' known by each about the machinations of such financial gains in such a short time.

Hmmm,

.

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."