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Loretta Lynch Helped Con Man Steal $40 Million Dollars

When Loretta Lynch was the  US Attorney for the district of Eastern New York. she had the chore of prosecuting Felix Sater for a stock pump and dump scheme, which cost his victims $40 million dollars.  The victims are not allowed to sue until someone is convicted.  It is the job of the US Attorney to notify the victims under the Crime Victims Restitution Act.

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The pump and dump stock transaction scam is easy.  You buy up a quantity of a low priced stock.  Then you find investors who are also willing to buy.  As they buy, the stock prices rises because of demand.  Once it reaches their target, the scammers dump all of their stock before anyone else has a chance to act.  It yields some very high profits.

Before his trial, Loretta Lynch cut a deal with him and he was able to make a deal for no jail time, which Lynch had every right to do even if it’s wrong.  However, by law, she is mandated to notify the victims, so they could recover their money.  She didn’t and Sater ended up getting to keep all forty million dollars.

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The investigation would reveal that by not notifying the victims, Sater was able to keep the money he stole and since the sentencing was secret, his reputation was left intact and made it possible for him to continue running his money making scams.  This is a direct violation of the Crime Victims Restitution Act.  It would also allow a criminal to profit from his criminal enterprise which is also a violation of the law.

Lynch’s office and the Department of Injustice are claiming that she did nothing wrong, but failed to explain why Sater was allowed to keep the 40 million he stole and why victims were denied their rights under the Crime Victims Restitution Act.

Currently, the scurvy republicans in the Senate have not started an investigation and are seen as being willing dupes for the Obama administration.  Lynch is seen as the continuance of a Holder Justice Department.  She has the scammers like Eric Holder and Lois Lerner off the hook while sticking it in the ear of the American taxpayers.

H/T The Washington Times

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