Greenwich Roundup: 03/24/09 UNETHICAL BEHAVIOUR: Former Greenwich Resident And AIG Bum "Fake Jake" DeSantis Tries To Buck Efforts to Give Back Bonus Pay

Tuesday, March 24, 2009

03/24/09 UNETHICAL BEHAVIOUR: Former Greenwich Resident And AIG Bum "Fake Jake" DeSantis Tries To Buck Efforts to Give Back Bonus Pay

New York Times

Dear Mr. Liddy,

It is with deep regret that I submit my notice of resignation from A.I.G. Financial Products. I hope you take the time to read this entire letter.....

.....After 12 months of hard work dismantling the company — during which A.I.G. reassured us many times we would be rewarded in March 2009 — we in the financial products unit have been betrayed by A.I.G. and are being unfairly persecuted .....

The Arrogant Little AIG SOB That Refuses To Give Back

His Neighbors Hard Earned Tax Dollars Continues.....

....I take this action after 11 years of dedicated, honorable service to A.I.G. I can no longer effectively perform my duties in this dysfunctional environment....

.....I started at this company in 1998 as an equity trader, became the head of equity and commodity trading and, a couple of years before A.I.G.’s meltdown last September, was named the head of business development for commodities. Over this period the equity and commodity units were consistently profitable — in most years generating net profits of well over $100 million. Most recently, during the dismantling of A.I.G.-F.P., I was an integral player in the pending sale of its well-regarded commodity index business to UBS.....

.....I am disappointed and frustrated over your lack of support for us. I and many others in the unit feel betrayed that you failed to stand up for us in the face of untrue and unfair accusations.....

.....you realized that the employees of the financial products unit needed some incentive to stay and that the contracts, being both ethical and useful, should be left to stand.....

Even Though Cry Baby Jake DeSantis Refuses To Ask For Forgiveness For Stealing From All Of His Neighbors .....

He Still Wants Everyone To Love And Feel Sorry For Him:

....As most of us have done nothing wrong, guilt is not a motivation to surrender our earnings. We have worked 12 long months under these contracts and now deserve to be paid as promised. None of us should be cheated of our payments.....

.....The only real motivation that anyone at A.I.G.-F.P. now has is fear. Mr. Cuomo has threatened to “name and shame,” and his counterpart in Connecticut, Richard Blumenthal, has made similar threats....

.....I know that because of hard work I have benefited more than most during the economic boom and have saved enough that my family is unlikely to suffer....

Be Sure To Read Bonus Bum

"Fake Jake" DeSantis' Fine Print:

....That is why I have decided to donate 100 percent of the effective after-tax proceeds of my retention payment directly to organizations that are helping people who are suffering from the global downturn.....

....On March 16 I received a payment from A.I.G. amounting to $742,006.40, after taxes ...... (Jake DeSantis Is Such An Unethical AIG Bum That He Has Obviously Visited An Accountant To Calculate The Amount Of Taxes To The Penny. DeSantis Is Such A Greedy SOB He Couldn't Add $933.40 Of His Own Money To Make The Taxpayer Funded Package An Even $743,000)

....In light of the uncertainty over the ultimate taxation and legal status of this payment, the actual amount I donate may be less...... (Greedy Con Artist Jake DeSantis Really Has Hug Balls. This AIG Scamster Says I Am Going To Act Like A Big Shot Donating Your Tax Dollars, But If He Miscalculated The Tax Ramifications ..... He Is Going To Use Your Tax Dollars To Pay Any Additional Tax Liability That He May Incur. As Leona Hemsley Said,"Only The Little People Pay Taxes.")

.....This choice is right for me. I wish others at A.I.G.-F.P. luck finding peace with their difficult decision, and only hope their judgment is not clouded by fear......

Spoiled Disloyal Bonus Bum " Fake Jake" DeSantis

Gives No Notice To AIG:

He's Just Going To Take His Neighbor's Money And Run.....

....Mr. Liddy, I wish you success in your commitment to return the money extended by the American government, and luck with the continued unwinding of the company’s diverse businesses — especially those remaining credit default swaps. I’ll continue over the short term to help make sure no balls are dropped, but after what’s happened this past week I can’t remain much longer — there is too much bad blood.....

WHAT AIG BONUS BUM "FAKE JAKE" DESANTIS WONT TELL YOU IS......

That he and the other AIG Bums decided to accelerate by three months more than a quarter of the amounts due under the contracts. That action probably net him $250,000.00 in taxpayer money and allowed him to stash $185, 501.60 after taxes in the bank.

This on top of a huge six figure paycheck, benefits and pension that received tax favored status over the years. It was greedy low lives like Jake DeSantis of this world who benefited from the tax cuts that redistributed wealth from the poor and middle class and gave it to unethical robber baron SOB's who don't want the public to know where there had earned tax dollars went.

Here Is How The Jake DeSantis Ponzie Scheme Will Probably Work:

First AIG Bum "Fake Jake" DeSantis Will Use Over $250,000.00 Of Your Tax Dollars To Pay His Tax Bill. Then He Will Claim Huge Tax Deductions For Donating $742,006.40 Of Your Tax Dollars To Help Those "Who Are Suffering From The Global Downturn".

Greedy " Fake Jake" DeSantis Will Then Be Able To Carry The The Taxpayer Funded Deduction Forward Three Years, Thus Allowing Him To Pay Virtually No Taxes.

The $742,006.40 Of Mr. Desantists' Neighbors Tax Dollars Will Need To Go Into A Financial Vehicle Like A Private Foundation To Distribute The Tax Dollars.

Of Coarse, There Will Be Expences Involved With Distributing Your Tax Dollars So Greedy "Fake Jake" Desantis Will Have To Be Compensated. Desantis May Even Need To Hire Friends And Family Members To Help Disburse Your Tax Dollars To Help Those "Who Are Suffering From The Global Downturn".

Then There Is Greedy Jake Desantis Mission Of Distributing Your Hard Earned Tax Dollars To Help Those "Who Are Suffering From The Global Downturn".

This Mission Statement Includes Virtually Everybody In The World .... Greedy Jake Desantis' Laws .... Greedy "Fake Jake" Desantis' Golfing Buddy ...... Greedy Jake Desantis' Business Associates ..... Etc.....

You Will Notice That Greedy "Fake Jake" Desantis' Wont Say I Am Giving Your Tax Dollars To Underprivileged Children.

You Will Notice That Greedy "Fake Jake" Desantis' Wont Say I Am Giving Your Tax Dollars To Pay The Medical Bills Of Uninsured Families.

You Will Notice That Greedy "Fake Jake" Desantis' Wont Say I Am Giving Your Tax Dollars To Senior Citizens In Danger Of Losing Their Homes

All Of The Above, Charitable Mission Statements Would Be To Narrowly Focus And Make It Too Hard To Abuse.

Shame, Shame, Shame On "Fake Jake" Desantis

One Last Thought About The Less Than Transparent "Fake Jake" Desantis And His Bogus Plan To Keep Your Tax Dollars.

As We Said Above:

Greedy AIG Bum "Fake Jake" Desantis has not denied that he did not receive the December bonus that was accelerate by three months.

These bonuses were more than a quarter of the amounts due under the contracts.

That action probably netted "Fake Jake" DeSantis A Cool $250,000.00 In Taxpayer Money And Allowed Him To Stash $185, 501.60 After Taxes In The Bank.

MOREOVER:

Fake Jake DeSantist Wont Tell You That

The Other AIG Shoe Has Not Dropped Yet.....

WHY ISN'T ANYONE LISTENING
TO GREENWICH ROUNDUP

THIS WAS ONLY THE FIRST ROUND
OF BONUS PAYMENTS TO THE AIG FAT CATS

LIKE "FAKE JAKE" DESANTIS

THE CLOCK IS TICKING ON A SECOND TAXPAYER FUNDED
AIG BONUS PAYMENT TO "FAKE JAKE" DESANTIS

The AIG Employee Retention Plan Has Two Components
There Are Two Sets Of Bonus Payments

There Are Two Sets Of Bonus Payments

For "Fake Jake" Desantis And The Other AIG Pirates

This Was Only The First Bonus And Covers December 01, 2007 To November 30, 2008 That Was To Be Paid No Later Than March 15th of 2009.

And As We Read Above ..... The Greedy AIG SOB's Like "Fake Jake" Desantis Couldn't Wait Till March 15, 2009 So They Accelerated 25% Of The Bonus To Be Paid In December.

Most People Don't Realize That

The Clock Is Already Ticking On A

Second Round Of Bonus Payments For

"Fake Jake DeSantis And The Other AIG Pirates:

The Is Second Bonus Payments Cover December 01, 2008 To November 30, 2009 That Was To Be Paid No Later Than March 15th of 2010.

MORE ON THAT ECELERATED

DECEMBER BONUS PAYMENT:

03/21/09 SUPRISE AIG LIED:Greenwich Resident Richard Blumenthal Says AIG Paid It's Fat Cat Pirates $218 Million In Bonuses !!!!!

PLEASE ALSO SEE:

03/20/09 Fat Cats In The Backcoutry Of Greenwich Watch In Horror As Fellow Town Resident Richard Blumenthal Sends Out Subpoena To AIG Bonus Bums

03/20/09 READER SUBMITTED COMMENTS: Hatred palooza 2009 on Sat AM for AIG FPG execs.

03/20/09 New York Post's Jackpot Jimmy Cries Like A Baby As He Gives Back His AIG Multi Million Pirate Booty Back To The Taxpayers