13-05-03 Israel: Corruption of the banks and banking regulation is led by the courts - the case of Hermatic v IDB

Judge Eitan Orenstein, Tel Aviv District Court, established himself in a leadership position in corruption of banking and banking regulation in the State of Israel... The Israeli Jed Rakoff.

Israeli media lavished praises on tough Tel Aviv District Judge Eitan Orenstein, who presided in a case arising from the collapse of Tycoon Nochi Dankner's IDB corporate pyramid scheme. [3-5] Review of court records in the case, [1-2] indicates the conduct of simulated litigation (fraud on the People and on the court), managed as a Blitzkrieg (start to finish about 5 days, two proceedings), where:

• no summonses were issued or executed,
• no attorney who appeared before the Court filed Certificate of Power of Attorney,
• Plaintiffs and Defendants were financial institutions, but requests by major shareholders' representatives and government banking regulators to join the Plaintiffs as well as a request to convene a meeting of debt-holders were denied,
• parties were ordered to appear in court or file papers in court from the morning to the same afternoon,
• neither the name or of the Chief Clerk, his signature, nor the Seal of the Court appear on any record,
• none of the records filed by the parties was stamped “Filed”,
• the case was purportedly terminated with no dispositive record,
• the Chief Clerk occupies his office with no lawful appointment record,
• public access to court records is denied (although the case is listed as “not sealed”) with no reference to the law.

The case vividly documents the leadership role of the courts in unprecedented corruption of financial institutions and banking regulation and the limits on Freedom of the Press in the State of Israel. Israel is speedily mimicking conditions, which were established in the United States a decade or two earlier, and are at the core of the socio-economic crisis there. [6] With it, the case marks the penetration of the global financial crisis into Israel, under the tenure of Teflon Stanley Fischer! [7]

LINKS:

[1] 13-05-02 Hermatic v IDB (36681-04-13) in the Tel Aviv District Court - electronic records in Net HaMishpat– local terminal

http://www.scribd.com/doc/139218242/

[2] 13-04-29 Hermatic v IDB (36681-04-13) in the Tel Aviv District Court -online public records in Net HaMishpat– remote terminal

http://www.scribd.com/doc/138498932/

[3] 13-04-29 Judge Gives Dankner's IDB Development Two Days to Settle With Creditors _ Haaretz

http://www.scribd.com/doc/138483148/

[4] 13-04-30 Embattled Israeli Tycoon Dankner to Keep Managing IDB, But Under Watch of Creditors_Haaretz

http://www.scribd.com/doc/139217069/

[5] 13-05-03 Who is Judge Eitan Orenstein, who holds the fate of IDB and Nochi Dankner in his hands _ the Marker

http://www.scribd.com/doc/139227628/

[6]12-09-04 Zernik, J., "Design and Operation of the Electronic Record Systems of the US Courts are Linked to Failing Banking Regulation", Data Analytics 1:83-93 (2012)

http://thinkmind.org/index.php?view=article&articleid=data_analytics_2012_3_50_60059

[7] 13-03-04 Press Release: FATCA, Stanley Fischer, and altered records of the Supreme Court of the State of Israel

http://www.scribd.com/doc/128638635/