Martin Armstrong in NY Prison for alm...

Martin Armstrong in NY Prison for almost 7 years without a trial!

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RTB

Canada

#1 Aug 4, 2006
Why has Martin Armstrong been in prison almost 7 years without a trial?
NORTH AMERICA'S TOP ECONOMIST EQUITY MAGAZINE - 1990
Is the reason Martin is in prison because as he says: "I know too much" - about all the crooked activity on the stock exchanges about which the government's regulatory bodies want the public to believe are all above board decent operations.
Or is there a darker reason Martin is in prison, one suggested publicly on the Yahoo Kondratyev forum by its owner - Eric Von Baranov who claimed a CIA insider of his acquaintance told him that "Martin Armstrong had to be stopped". Stopped at running an AI super-computer model with 32,000 variables for the purpose of predicting financial markets while managing several billion dollars. The same computer model by the way that the CIA and the Chinese government tried to acquire from Armstrong and were denied. The government was upset that Martin had 'X'ed out all his hard drives, but in light of the fact that the CIA tried to get his model from him, why wouldn't he X it all out, why should $60 Million dollars of programming and original thought be handed over to the ultimate Mafia, the US government?
The same government that went against the original principle of Thomas Jefferson of not letting government create large debts. The debt is now over $8 Trillion and Bush signed a bill allowing them to take it up to 9 Trillion. The unfunded liabilities for pensions etc. are now about 50 Trillion dollars, this money will never be paid out. As Armstrong said, politicians are by and large a bunch of crooks. Modern Rome - the USA is now in the process of inflating the value of the dollar down in order a try and escape their liabilities. The original reason for rebelling against England over taxation without representation is now coming back to bite Americans. Did politicians ask Americans if they could borrow so much money through the bond markets that it would jeopardize the whole financial health of the country, potentially turning the USA into a bankrupt and ruined country as Rome was?
Is it a coincidence that several months after denying the CIA's request,Mr. Armstrong found himself being accused of stealing hundreds of millions of dollars (even though as he says, strangely there was not one wire transfer of the money into any of Armstrong's personal accounts).
The government claims Martin is hiding gold bars and a bust of Julius Caesar and so has him in the roughest prison with murders and drug dealers (unlike Martha Stewarts country home style confinement) on contempt, but as Mr. Armstrong says he could easily make serveral times that amount if he were free to do his business for the past half decade and more. He was the highest paid economist in the USA back in the 1980's and 1990's.
Is it a coincidence that shortly after Mr. Armstrong's detention, his banker Edmond Safra from Republic Bank was murdered in his Monaco Penthouse which had four machine gun equipped guards? Was Safra murdered because as Armstrong stated he was going to be testifying at Armstrong's hearing and some Russian Mafia that had done money laundering on Safra's watch decided not to risk Safra spilling the beans. Or, was Safra murdered because he knew what really happened at Republic Bank to the money Armstrong is being accused of mis-handling? We will never know, since dead men don't talk.
So much for Armstrong's constitutional right to a "speedy trial". The courts can obviously now do anything they want to. Perhaps that is why President George W. Bush said, "The constitution is just a piece of paper". Real power flows from the barrel of a gun as Mao Tse Tung said and all serious politicians know it.
http://princetoneconomics.blogspot.com/2006/0...
John

Jersey City, NJ

#2 Aug 15, 2006
Now that his trial date is coming up the federal prison that he is in has put him in solitary confinement, which takes away his possibility of using all the documents, library, computer, etc. in order to form a defense. He is also only allowed one phone call every two weeks, making it even harder to contact the outside world and put together a defense. If there are any journilist out there that would like to inquire about this please see the contact info below.
MCC NEW YORK
METROPOLITAN CORRECTIONAL CENTER
150 PARK ROW
NEW YORK, NY 10007
MapQuest® Map and Directions1
Ph: 646 836 6300
Fx: 646 836 7751
E-mail address: NYM/[email protected]
Grabberlime

Surrey, Canada

#3 Sep 13, 2006
I understand he has actually now plead guilty prior to the court date. Do you have further details.
Thanks
John wrote:
Now that his trial date is coming up the federal prison that he is in has put him in solitary confinement, which takes away his possibility of using all the documents, library, computer, etc. in order to form a defense. He is also only allowed one phone call every two weeks, making it even harder to contact the outside world and put together a defense. If there are any journilist out there that would like to inquire about this please see the contact info below.
MCC NEW YORK
METROPOLITAN CORRECTIONAL CENTER
150 PARK ROW
NEW YORK, NY 10007
MapQuest® Map and Directions1
Ph: 646 836 6300
Fx: 646 836 7751
E-mail address: NYM/[email protected]
RTB

Canada

#4 Sep 17, 2006
Address for the site listed in the article is below, original artical was removed, thus the original blog link is dead.
Martin Armstrong admitted concealing losses, assuming has not done this just to try and expedite his trial then perhaps he is guilty of bad trading and concealing losses in order to try and put the money back.
He was just about to take Princeton Economics public and get 2 to 3 billion from the sale of those shares which he planned on using to replace the $300 million that he lost on his Yen trade. I believe Armstrong's intentions were good. If they were not he would have fled the country rather than drive around collecting items for the court before he faced the judge.
It is still wrong that he was denied a trial for almost 7 years. The constitution does not mean much anymore as the editor of JerseyGOP wrote: http://www.jerseygop.com/editor3-29-02.html

http://princetoneconomics.blogspot.com/
Al Harris

Scarborough, Canada

#5 Jan 21, 2007
What's the status of Martin Armstrong?
Rob

Vancouver, Canada

#6 Jan 29, 2007
He was scheduled to have his trial by Jan. 3,2007 but now it has been delayed until March ? 2007.
Al Harris wrote:
What's the status of Martin Armstrong?
Anonymous

Medford, NJ

#7 Feb 11, 2007
It is now February 2007 - what is going on with the Armstrong matter? This seems to me that this gentleman has lost all of his constitutional rights. Can anyone out there make sense of this for me?
anon

Vancouver, Canada

#8 Feb 16, 2007
http://www.wilmingtonstar.com/apps/pbcs.dll/a...
On Jan. 14, 2000, Martin A. Armstrong, a globe-trotting investment manager, was told to produce $15 million in gold and antiquities, as well as documents, in response to a civil suit by the government accusing him of securities fraud involving hundreds of millions of dollars.
When he said that he did not have the items and could not produce them, a federal judge ordered him jailed for contempt of court.
Seven years later, Mr. Armstrong sits in the Metropolitan Correctional Center in Lower Manhattan.
Imprisoned two years before Enron and WorldCom brought corporate crime to center stage, Mr. Armstrong, 57, is the white-collar defendant whom time forgot. Over the years, the losses of his former clients have been repaid by a bank involved in his trades.
Still, he remains jailed on one of the longest-running charges of contempt. In many cases, a federal law limits to 18 months how long someone can be held under civil contempt while the court tries to coerce compliance with an order. Even in cases of criminal contempt, whose goal is punishment rather than coercion, an individual is entitled to the full protections of due process after six months.
“A legal proceeding is supposed to be the quest for truth,” Mr. Armstrong said in a phone interview last week from the 12-story building, which is used mostly as a temporary holding site for prisoners.“But this contempt was used to stop me from going to trial, and it’s been nothing but bad faith from the government ever since.”
How Mr. Armstrong has been held for so many years without a trial is a tangled and bizarre tale. Mr. Armstrong, his lawyers say, has been stuck in a surreal situation in which criminal prosecutors have never had to prove their 24-count indictment at trial while the civil case tied him up. Nevertheless, they have gotten their desired result — a lengthy prison term for Mr. Armstrong.
Last August, he pleaded guilty to one count of conspiracy in the criminal case. He struck that deal with federal prosecutors after he was moved from the 75-square-foot cell he shared with another prisoner into solitary confinement and had not slept for days, his lawyer said. Over the years, prosecutors have said that they were ready to proceed to trial and that civil contempt had nothing to do with their case. Mr. Armstrong countered that his detainment impeded his efforts to mount a proper defense, blocking his access to essential documents and computers as well as the assets to pay counsel.
Because there has been no jury trial in the case, it is impossible to say which side is right: the government, whose indictment in September 1999 contended that Mr. Armstrong misappropriated hundreds of millions in client funds; or Mr. Armstrong, who said that officials at the bank executing his trades generated temporary losses that could have been recovered in the market.(Two of those officials later pleaded guilty to fraud in a related case involving the bank.)
Exceeding a Sentence
But this much is certain: Mr. Armstrong’s years in jail for civil contempt will soon exceed the sentence of 6.5 to 8 years that he would have received if he had been convicted of all 24 criminal counts of securities fraud, commodities fraud and wire fraud. Judge P. Kevin Castel has taken over the Armstrong civil case. A hearing is scheduled on the contempt matter for March 15. A request to interview Mr. Armstrong in person was denied by corrections officials, and Judge Owen did not return a call seeking comment.
Tony Conte

New Egypt, NJ

#9 Feb 19, 2007
I worked for Marty for over 4 years, I saw everything that he and his various firms did, not once were there any illegal activities, he was always rather a consumate professional in every way. He is by far the most intelligent person I have run into in my 45 years. His rights are being trampled upon. The system that has incarcerated Mr. Armstrong is operating outside of the laws of the US Constitution. In this country of freedoms this man has been denied all of his rights. Why can't the press step up and see what the hell is going on in his case?
anon

Canada

#10 Feb 19, 2007
CIA wanted the model, Marty said no and they got him.
DFAC2007-15

Peoria, AZ

#11 Feb 22, 2007
The day is about here.
Everybody ready?
Interesting Called

United States

#12 Feb 27, 2007
02/27/07..He called for a recession in his model. Dow drops 200 pts exactly. Looks like he is right on, recession is here..
1000 Gold

United States

#13 Feb 27, 2007
I have followed M.A. for the last 10 years and have used his chart to trade. His major turning points can be off 60-90 days. This last one was a little under 60 days and this was a major Top. 500 pts down on the Dow before the late afternoon dead cat bounce was right their again. The rest of the year will take us down in fits and bursts. I would speculate the R.E. market will now gather some real steam to the downside. The blow-up in the sub-prime lenders over the last 60 days was the tip off....
Barclay Leib

AOL

#14 Feb 27, 2007
8.6-years ago, I was working for Marty at PEI when he made his brilliant July 20, 1998 cycle call.

Last week, I penned an article on his 8.6 year cycle due to hit once again Feb 24, 2007. This article was posted at www.sandspring.com entitled "Marty's Date."

Even as he sits in prison, his cycle date works again as today's 2/27/07 market action demonstrated. A brilliant man.

Anyone interested in this article may e-mail me at [email protected] for a gratis copy.

I have sent Marty a copy in prison.
bayareacrude

Oakland, CA

#15 Feb 27, 2007
So what did you personally do to help your former boss during these long seven years? Have you at least written to your representative?
Tony Conte wrote:
I worked for Marty for over 4 years, I saw everything that he and his various firms did, not once were there any illegal activities... Why can't the press step up and see what the hell is going on in his case?
Anonymous

Medford, NJ

#16 Feb 28, 2007
bayareacrude wrote:
So what did you personally do to help your former boss during these long seven years? Have you at least written to your representative?
<quoted text>
Bayareacrude - I can't speak for Tony. But I can tell you that I personally have gone to my congressman, my senator, other state senators, the ACLU, everywhere I can think of regarding this matter. Do you know what I received back - most of the time zero. One time, a letter from my congressman asking "what kind of job do you want". So obviously, no one reads mail or email, etc. I have not stopped and will continue. What has happened in this case is not justice. No one should be held for 7 years without a trial. Tony - great email. Thank you.
olenska

New York, NY

#17 Feb 28, 2007
I can think of one sure way to get him out of prison. write a screenplay based on his life and get it produced.
G Hartley

Naples, FL

#18 Feb 28, 2007
Please send a copy of the article. Where can i get a copy of the book? [email protected]
Barclay Leib wrote:
8.6-years ago, I was working for Marty at PEI when he made his brilliant July 20, 1998 cycle call.
Last week, I penned an article on his 8.6 year cycle due to hit once again Feb 24, 2007. This article was posted at www.sandspring.com entitled "Marty's Date."
Even as he sits in prison, his cycle date works again as today's 2/27/07 market action demonstrated. A brilliant man.
Anyone interested in this article may e-mail me at [email protected] for a gratis copy.
I have sent Marty a copy in prison.
G Hartley

Naples, FL

#19 Feb 28, 2007
Why doesn't someone send this to Cavuto or Hannity or O'Reilly. It is unbelievable this hasn't gotten more press. I never heard of it(or Armstrong) before tonight.
Jay

United States

#20 Mar 1, 2007
olenska wrote:
I can think of one sure way to get him out of prison. write a screenplay based on his life and get it produced.
Because the people who have total control of the media/entertainment industry are most probably the ones who had him put in prison...

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