SBC Communications & Telcordia Technolgies et al facing Possible Bankruptcy in Connection to $2.5 Trillion in Liability
TMA INTERNATIONAL TRUSTS www.tmaittma.com – http://tmait.blogs.com
November 20, 2004 – Press Release SBC Communications, Inc. & Telcordia
Technologies et al involved in Antitrust, Racketeering, Securities Fraud, Billing Fraud, and more. SBC Communications, Inc. (SBC) is facing approximately $2.5 Trillion Dollars in joint & several liability for its role as “Contract Administrator” for a secret, non-tariffed billing & collection service provided AT&T between 1984 and 1994 in violation of Judge Greene’s Modified Final Judgment in U.S. v. Western Electric Co., Inc., and the Clayton Act, Sherman Act, FTC Act, and RICO. SBC operated this criminal enterprise with its 6 Bellcore Partners the Bell Operating Companies, NYNEX [now Verizon], BELL ATLANTIC [now Verizon], BELLSOUTH, AMERITECH [owned by SBC], U.S. WEST [Qwest] , PACIFIC TELESIS [now owned by SBC] (RBOCs), along with CINCINNATI BELL [partially owned by AT&T at the time], BELLCORE [Telcordia Technologies], NECA [National Exchange Carriers Association] and SOUTHERN NEW ENGLAND TELEPHONE (SNET – now owned by SBC) - {all entities hereinafter referred to as the Defendants}. [This criminal enterprise is still in operation today]. TMAIT has undeniable evidence to include the secret internal documents of the Defendants that explain how the criminal enterprise operated, and flow charts showing how they laundered the illegal money. Consumers were intentionally overcharged Hundreds of Billions of Dollars, as were AT&T’s Competitors. The Infamous “Country Club,” known as the Defendants, have lined their pockets with Billions of illegal profits while defrauding the entire country, including Government Customers. SBC Chairman, Ed Whitacre, General Counsel James Ellis, senior lawyer Al Richter, have been covering up the criminal enterprise since 1992. In 2004, all three knowingly participated in securities fraud by allowing SBC to file fraudulent quarterly returns with the SEC in violation of Sarbanes-Oxley. In addition, SBC’s $6 Billion Credit Agreement with Citibank, set up to help pay for AT&T Wireless, [SBC owns 60% of Cingular] is fraudulent, and has been fraudulent since the day it was signed October 18, 2004 . Article III, Sec. 3.01 (b) of the Agreement has been in default since the execution of the Agreement. Citibank is hiding the default. The Cingular acquisition of AT&T Wireless is in danger of being reversed as it is populated with antitrust violations overlooked by the Justice Department’s Antitrust Division. Ernst & Young has knowingly participated in SBC’s securities fraud in their capacity as corporate auditor. Whitacre, Ellis and Richter have refused to meet to examine undeniable evidence that proves these allegations, evidence that includes employee testimony. These three men are in the process of destroying SBC’s shareholder equity, and the SBC Audit Committee Directors have refused to investigate as required by SEC Rule 10A-3. SBC shareholders beware! ED Whitacre is destroying the Company. Telcordia Technologies was just sold to Warburg Pincus and Providence Equity Partners for $1.35 Billion. JP Morgan who arranged the sale on behalf of SAIC was warned by TMAIT to disclose Telcordia’s liability prior to any sale. It appears JP Morgan hid the liability from the new owners, as did SAIC who sold Telcordia to Warburg & Providence. The new owners are ignoring the fact they have purchased a criminal enterprise. TMAIT has decided to take legal action against the new owners if they close on the sale. SAIC cannot indemnify the new owners because of the amount of liability.
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