its denials, first by fraudulently doing nothing, and then by actually attacking Universal Express and its officers.
Failing to get any help from the SEC, Universal Express was forced to sue some of the naked short sellers directly. The Company obtained two Florida jury verdicts totaling $700,000,000 against the naked short sellers. These were the same judgments which the previous SEC administrations seized by fraudulently forcing Universal Express out of business. The SEC has been attempting to permanently silence those naked short selling facts which two juries determined appropriate for victim compensation.
The Company filed 68 annual and quarterly reports with the SEC over a 17 year period to accurately disclose the additional shares of stock authorized and released for sale to generate needed capital so USXP could attempt to outlast the naked short sellers and continue building the company. These reports prepared and certified by CPA’s and Tax Attorneys, were timely filed, received and approved by the SEC without any questions or criticisms, again – for 17 consecutive years.
Despite the SEC’s fraudulent statements of denial and even mistruths to the courts, Universal Express had the absolute right to issue stock to counteract the SEC protected naked shorting of its shares. Under SEC fraudulent statements, it orchestrated a questionable summary judgment against Universal Express. Its six subsidiaries were immediately and improperly seized, closed, liquidated and corporate documents shredded despite the ongoing trial request and appeal against the ill-founded summary judgment.
While Universal Express was being dismantled and silenced by the SEC, Bernie Madoff was writing, with the SEC’s cooperation, the short selling rules for the financial industry. He was, as we sadly note today, operating one of the biggest unregulated naked short selling scams in history.
Finally on July 15, 2008 and again on September 15, 2008 the previous SEC administration admitted, under intense media scrutiny, that naked shorting not only existed, but was a huge national problem underlying the failure of major financial institutions and was a major cause of the Nation-wide financial meltdown. It was during this period of public disclosure and admittance that the SEC shockingly incarcerated and sought with deceitful efforts to fraudulently maintain in chained solitary confinement for 83 days, Universal Express’ CEO, Richard A. Altomare, the most prominent speech giving whistleblower on naked short selling. No crime. No justification. Just flagrant abuse of power, to silence the most damaging potential witness to the SEC’s failures and corrupt behaviors.
Universal Express was one of those estimated six thousand small public companies to be destroyed by the naked short sellers in league with the previous SEC administrations, that had been paid (yes, paid) for every counterfeit naked short share traded.
These SEC actions to fraudulently harass, destroy and silence Mr. Altomare on behalf of the naked shorters culminated on May 2, 2008 when, at the behest of an SEC sympathetic Federal Judge, Mr. Altomare was brutally incarcerated into chained solitary and illegal confinement for eighty three (83) days under a now purged civil contempt charge. Mr. Altomare, after a 40 pound weight loss, due to being imprisoned, then defiantly proved the civil contempt charge to be improper. This former 12 year U.S. Marine & U.S. Army veteran, Political Candidate, college Educator, and internationally recognized business leader refused to allow this violation and abuse of governmental power to end there.
It is time for the guilty to be exposed and punished, and the innocent to be vindicated and rewarded.
INTRODUCTION – Questionable Destination
As I walk hazily through this quiet and impersonal Florida airport, I wonder if today's Americans will ever again protest any governmental injustice. Has the Patriot Act erased our innate ability and Constitutional right to question authority? Just observe the obedient, lemming-like passengers mindlessly undressing on those “security” check-in lines. Have we lost our love of freedom and the American independent personae? Have the non-uniformed Americans (us) been effectively neutralized by the uniformed TSA “security providers” under the imposed fears of terror from the Patriot Act, which paralyze us from even thinking about challenging this daily cattle herding?
I reluctantly find myself sitting on this commercial airplane rushing me to New York. I know today that I possess the courage and integrity to stand up to misguided governmental forces. I have definitely proven that I would not watch silently as I or my neighbor was abused or even confined for speaking the truth. Lost in the mist of the clouds outside my window, I consider injustices to others, like my shareholders, no differently than an abuse of the rights of my own children. My cries for help on this matter fell on deaf ears … tragically, as high as those in the White House.
Would most Americans place themselves on this plane with me, or would they avoid engagement with anything that did not directly affect their lives and could endanger their own personal freedoms? Would they stand up for a stranger, let alone as I have, hundreds of thousands of them? How long would they protest an injustice, and would they jeopardize their own safety zone for it? Today, knowing what may await me at the end of this flight … I’m not sure I’d blame them if they wouldn’t.
Most of us have convinced ourselves that our American society is beyond despotic behavior. There are rules to prevent seizure of our property. Planted and false stories and propagandized accusations against innocents are no longer possible. For decades, I have rested comfortably knowing we possess a fair judiciary and responsive media that will eventually expose any unchecked governmental abuses. Or do we? Did I need this flight to make me question these assumptions?
I have been experiencing a legal situation which not only exposes a series of injustices, but has the potential to also prevent future regulatory abuses. As my eyes tear up, I must admit that I am questioning if it is all worth the battle. Why didn't anyone in our government do as they promised and act in the best interests of its citizens?
My unwanted flight today seems to be uneventful and not life defining to others. Or is it? Will this particular flight be remembered and studied in universities and history books? Do others on the plane realize the significance of this flight? Should they save their boarding passes?
During the past fourteen years my developing public company demonstrated good old American know-how and created a well-respected and insightful business model. Our six new subsidiaries were growing in much needed security related businesses and tens of thousands of shareholders believed passionately in our future success. My company employees, partners and consultants grew in number to thousands from only my Wife and me at its inception. All was progressing as planned and then the initial reason I ended up boarding this flight occurred. I may never know by whom, but the company and I were targeted to be destroyed. Was it after I exposed a larger than Watergate cover-up by an agency of our government or did it occur as a result of our $700,000,000 victory party?
After I arrive at my unique destination, will I be told to return home? I expect the media will be there. Maybe simply getting onto this plane will be enough for my misguided nemesis, and I will then be told to return. As a rule, altar boys, Marines, college professors and business leaders like me are not sent on journeys like this. Does everyone on the plane know why I am here, or are they unaware of the historical significance of this airplane's "wheels up" event?
I remember as a young boy the clean and pure smell of the religious drapings worn by a nun or a priest. Why do I flash back to that now? Do the drapings of our Judges and government agency employees still smell that pure to me today?
Have you ever wished for time to stop while a part of you paradoxically wanted that same time to speed up? I've nurtured my diet coke and exhausted small talk with my neighboring passengers. I bet they don't know why I am here. I wonder how many messages will be on my cell phone after this flight.
The Marine Corps offers basic, advanced, and survival training to those
