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GCHQ Warns It Is Losing Track of Serious Criminals
An anonymous reader writes The Telegraph reports, "GCHQ has lost track of some of the most dangerous crime lords and has had to abort surveillance on others after Edward Snowden revealed their tactics ... The spy agency has suffered "significant" damage in its ability to monitor and capture serious organized criminals following the exposes by the former CIA contractor. Intelligence officers are now blind to more than a quarter of the activities of the UK's most harmful crime gangs after they changed their communications methods in the wake of the Snowden leaks. One major drug smuggling gang has been able to continue flooding the UK with Class A narcotics unimpeded for the last year after changing their operations. More intense tracking of others has either been abandoned or not started because of fears the tactics are now too easy to spot and will force the criminals to "go dark" and be lost sight of completely."
the BBC
Parliament
Buckingham Palace
Just three of many places where criminals operate with impunity.
Evidenced and in the public domain.
Political debates have me rolling my eyes so much I think I got optical whiplash. I should sue. - Foamy The Squirrel
You won't get admissible evidence by wiretapping and spying.
Despite Mr. Klatch’s success, his young age led to some reckless decisions. Mr. Klatch was indicted in 2011 by the federal government, and he subsequently accepted a guilty plea to four felony counts: Conspiracy to Defraud the United States, Securities Fraud, Wire Fraud, and Money Laundering. Mr. Klatch acknowledges that he engaged in deceptive marketing tactics, which led to some investor losses during the 2008-2010 financial crisis. However, he accepted responsibility for his actions, and successfully served a five-year federal prison sentence. Today, he is actively pursuing various avenues in order to make full restitution to his victims.
FBI:
Kenyen Brown, U.S. Attorney for the Southern District of Alabama, is pleased to announce that Anthony J. Klatch, II, of Tampa, Florida and Sugarloaf Township, Pennsylvania, has pled guilty to one count each of conspiracy, securities fraud, wire fraud, and money laundering. These convictions all stem from his involvement in a fraudulent investment scheme involving the TASK Capital Partners hedge fund. All the TASK fund investors were located in either the Mobile area or in Florida. Combined, they lost a total of $2.3 million. In addition to spending time in prison, Klatch will be required to forfeit assets associated with his fraudulent activities. As part of his plea agreement, Klatch also agreed to the following facts about his involvement:
In January 2009, Anthony J. Klatch, II and Timothy Sullivan created the TASK Capital Partners, LP hedge fund, with Klatch serving as the fund’s Senior Managing Director and Chief Investment Officer.
After creating TASK, Klatch, Sullivan, and others solicited individuals to invest in the fund. This was done through a variety of means, including, but not limited to, providing potential investors with investment prospectuses, which contained material misrepresentations and material misleading omissions. At least one potential investor received this prospectus via e-mail.
From April through October 2009, seven investors invested approximately $2.3 million in the TASK hedge fund. Along with the seven investors, Klatch and Sullivan each invested $1 in TASK. Once investors agreed to invest money in the TASK fund, the investors used interstate wires to transfer, or to authorize a transfer of, money from their accounts into accounts managed by TASK. Wire transfers, or the authorizations to transfer money, for three of the TASK investors originated in the Southern District of Alabama.
Between April 2009 and December 2009, Klatch and Sullivan managed the $2.3 million of investment capital in TASK. However, only about 60 percent of this amount was ever actually invested. This 60 percent was lost over the course of eight months through a series of investments. In December 2009 and January 2010, all TASK investors were told by Klatch, Sullivan, and others that their entire investment had been lost in a single bad trade.
The remaining 40 percent of money in TASK was used for non-investment related expenditures. This includes $180,592.45 which ended up in Klatch’s personal bank account. Before ending up in his personal account, this money was moved through different bank accounts, via a series of transactions, which Klatch knew were designed in whole or in part, conceal or disguise the nature, location, source, ownership, or control of the proceeds.
In addition to his involvement in the TASK scheme, Klatch admits that he was also involved in similar fraudulent investment schemes involving American Private Equities, LLC, ARM Capital Management, LLC, and Vigilant Capital Management, LLC. Furthermore, Klatch agrees that the total fraud amount associated with these other funds will be included as relevant conduct for sentencing purposes. The parties agree that
"Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
You mean the criminals of Ghcq who are infamous of hacking phone companies outside britain are complaining they don't know what there felow criminals are up to?
It's not just that they spy on everyone, it's that they actively abuse these powers for their own benefit. For example, in the recent "Plebgate" scandal a police officer was shown to have lied, and was convicted. The police responded by using their RIPA powers to get the phone records of the journalists who exposed them, in order to find out who their confidential sources were.
I'm afraid that human nature being what it is the security services can't be trusted with these powers. No amount of oversight will fix it, they just can't have them.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
California once had very liberal gun laws. In response to police brutality a group of Black Panthers stormed the California Capitol building armed to the teeth. This was legal, mind you.
Very quickly Governor Ronald Reagan passed stringent gun laws.
Now that's funny...