Panama Papers, Penny Pritzker Targeted Poor/#JusticeForAkaiGurley/ Did NYPD Entrap Ahmed Ferhani?

• Report rights infringement
• published: 14 Apr 2016
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We got the Times zones mixed up and Dennis was ready for 6pm Pacific time instead of Eastern. Investigative reporter, radio host, human rights advocate and poet Dennis Bernstein is a regular contributor to Pacifica's Democracy Now, and Associate Producer of Pacific News Service. He is currently cohost of KPFA's Flashpoints News Magazine, and is a frequent commentator on WBAI airwaves. February 12, 1997: Bernstein is also a trained educator. He has taught teens in the South Bronx, Brooklyn and Harlem, how to report and produce for print and radio. The founder of the South Bronx Media Collective and Young Writers Radio Collective in the mid 1980's, Bernstein worked with teen parents and drop-outs to create cutting edge radio and video documentaries. 12-Gauge Eviction, by The South Bronx Media Collective, was a news breaking video that documented the assassination/eviction of a 67 year old arthritic grandmother, Eleanor Bumpers, because she was behind in her rent. It was featured at the 1987 and 1988 American Film Institute Video Festival. http://www.counterpunch.org/2013/05/03/the-privilege-of-the-pritzkers/ http://www.accuracy.org/release/panama-papers-pritzkers-american-oligarchs/ Penny Pritzker played fast and loose with the American Dream of others. Her then-novel sub-prime operations, out of Superior Bank in Chicago, specifically targeted poor and working class people of color across the country. She ended up crashing Superior in 2001 for a billion dollar cost to tax payers, and creating a personal tragedy for the 1,400 people who lost their savings when the bank failed. Pritzker, whose family controls Hyatt Regency Hotels, is in the top one percent of the one percent. Her extreme wealth and privilege has not only made her virtually untouchable by law enforcement, but paved the way for her to become Commerce Secretary.” See Bernstein’s piece, “Obama’s Sub-Prime Conflict.” Public Campaign notes in “Penny Pritzker, Not Just an Obama Donor” that “she ran fundraising operations for his campaign in 2008 and bundled over $500,000 in 2012.” Bernstein points to a series of pieces in Forbes magazine on the Pritzkers. The magazine estimates Penny Pritzker’s current net worth at $2.3 billion and wrote in 2013: “The Pritzkers are like America’s Rothschilds,” noting “they managed to build and pass along … Brobdingnagian wealth from one generation to the next and the next.” The magazine suggested a series of questions for members of congress to ask at Pritzker’s nominations hearings, for example: “What led to your being paid $53.6 million in ‘consultant’ income by your family’s offshore trusts in 2012?” In 2003, Forbes ran an in-depth piece titled “Pritzker vs. Pritzker” after Liesel Pritzker Simmons “launched a $6 billion lawsuit against her father, Robert, and 11 older cousins, accusing them of looting her trust funds and those of her brother, Matthew, 21. … The aftermath of the suits has parted the curtain on the shadowy financial underpinnings of this empire — a vast network of domestic and foreign trusts designed to minimize, if not eliminate, taxes. … “Do the Pritzkers hate paying taxes more than they seem to despise one another? Can they bust up the family fortune without the IRS finally breaking down their doors? … “A great deal about the workings of these interwoven financial entities still remains wrapped in mystery. … They are complex — constructed to discourage outside inquiry — and brilliantly exploitive of loopholes in the tax code. “Don’t even contemplate trying to copy the Pritzker family in using offshore entities to gain tax advantages; the loopholes have been closed. But they remain available to families that had the foresight to set up offshore trusts four decades ago, as the Pritzkers did. At their inception the trusts were seeded with small assets, but since then they have benefited from large amounts of leverage, in part in the form of loans from a Pritzker-controlled partnership and from years of business deals that threw profits from the expanding Pritzker empire into the trusts. Now the offshore entities hold more than $3 billion of the family’s net worth, according to sources familiar with the trusts.” http://www.thenation.com/article/did-nypd-entrap-ahmed-ferhani/ The full story involves a series of multi-year investigations based on a premise so shaky that the FBI—no stranger to dubious terror prosecutions—refused to get involved. These investigations, which often went nowhere and sometimes comically failed, included botched attempts to infiltrate a Palestinian rights group. At the center of the story is a young Muslim man from Algeria with a hustler’s attitude and a history of psychiatric problems, well known to the NYPD. Despite his guilty plea, Ahmed and his attorneys believe that the police set out to entrap him, and his attorneys also believe that Ahmed never would have seen the plan through.