Thomas Sjoblom resigned from Proskauer Rose in August, according to the National Law Journal. Sjoblom, as you’ll recall, is the lawyer who stood next to Stanford Capital CIO Laura Pendergest-Holt while she was meeting with the SEC. She thought he was her lawyer, he gave a less-than-clear answer that he represented her to the extent it was covered by his representation of the client. She sued him and the firm in March and has since been indicted on obstruction charges.
That wasn’t enough to scare Sjoblom off, though. He held on for a few more months.
His resignation, a fascinating client of his, and the background of the other lawyer who has resigned in the scandal after the jump.
Sjoblom, a white-collar litigator who spent 20 years at the SEC, resigned in the wake of the guilty plea by former Stanford CFO James Davis. That plea “appeared to implicate Sjoblom in a conspiracy to thwart a U.S. Securities and Exchange Commission investigation into the alleged fraud.” Between the SEC and Proskauer, he was also a partner at Chadbourne & Parke, which has since been added as a defendant in a suit by investors claiming that the firms (through Sjoblom) assisted Stanford in perpetrating a fraud.
In addition to adding Chadbourne, the class action also added Mauricio Alvarado, the company’s former general counsel, as a defendant. Alvarado was a lawyer in Colombia before coming to the US to get law degrees. Curiously, he first got an LLM from LSU, in “International Documentary Credit Transactions” in 1988. He then went and got his JD from South Texas College of Law in 1990. While he was studying for his JD he was an associate at Vinson & Elkins, though. He left V&E in 1991 for Amoco, where he stayed until 1999.
Sjoblom’s profile has obviously been removed from the firm’s site, but as we so often say, thanks to the wonders of the Internet Archive, nothing is ever lost. You can see his last profile, which was current as of July 3, here.
Sjoblom has a number of interesting clients. Our favorite is Martin Armstrong, who was just profiled in the New Yorker last week. Armstrong spent seven years in jail on civil contempt charges without a trial and then was sentenced to five more for defrauding Japanese investors. But what really makes him interesting is his fascination with cycles
[Armstrong] opened a forecasting firm called Princeton Economics International, based in Princeton, New Jersey. His model singled out, in advance, the day of the October, 1987, crash. “Never did I expect this to work on such a precise time level,” he wrote later, in an essay called “Understanding the Real Economy.” “It made no sense. I personally assumed it was just a fluke. This took place on the minor halfway point up the first leg of the 8.6-year cycle, at 2.15 years.” Afterward, he was messing around with numbers and realized that 8.6 years was exactly three thousand one hundred and forty-one days: 3,141, the number pi times a thousand. The cycle mystery had deepened. If pi was essential to the physical world, perhaps it somehow governed the markets, or the fluctuations in human behavior and mood that manifested themselves in the markets. It was, after all, the magic number associated with the swing of a pendulum, Heisenberg’s uncertainty principle, and the Great Pyramid at Giza. Why not the vast monuments of data known as the financial markets? “Suddenly I saw it in my mind’s eye,” he wrote. “There was a Geometry of Time itself.
And the story just gets better from there, with the CIA, the Japanese investors, and the Fibonacci sequence all making appearances.
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I love me some pi. Just had a good slice of blueberry pi. Hmmmmmm.
Investors who have been burned in these scams should start to seek redress from the lawyers who were involved with these scams. I personally have been trying to notify regulators and authorities of a ONE TRILLION DOLLAR scam that is putting states like New York and Florida at huge risk, as well as, companies like Intel, Lockheed, SGI and IBM. The states and companies involved in the fraud fail to acknowledge the risk exposing shareholders and citizens to impending liabilities. Investigators, courts and federal agents ignoring the crimes and evidence, including a car-bombing attempt on my life. I know how Harry Markopolos felt trying to expose Madoff in a world without regulation.
Did I hear Proskauer Rose is involved in Madoff (involved many clients too) and acted as Allen Stanford's attorney. Investors who lost money in these scams should start looking at the law firm Proskauer's assets for recovery. First, Proskauer partner Gregg Mashberg claims Madoff is a financial 9/11 for their clients, if they directed you to Madoff sue them.
Then, Proskauer partner Thomas Sjoblom former enforcement dude for SEC and Allen Stanford attorney, declares PARTY IS OVER to Stanford employees and advises them to PRAY, this two days before SEC hearings. Then at hearings, he lies with Holt to SEC saying she only prepared with him but fails to mention Miami meeting at airport hanger. Then Sjoblom resigns after SEC begins investigation and sends note to SEC disaffirming all statements made by him and Proskauer, his butt on fire. If you were burned in Stanford sue Proskauer.
Proskauer Rose and Foley & Lardner are also in a TRILLION dollar FEDERAL LAWSUIT legally related to a WHISTLEBLOWER CASE also in FEDERAL COURT. Marc S. Dreier, brought in through Raymond A. Joao of Meltzer Lippe after putting 90+ patents of mine in his own name, is also a defendant in the Federal Case.
The Trillion Dollar suit according to Judge Shira Scheindlin is one of PATENT THEFT, MURDER & A CAR BOMBING. For graphics on the car bombing visit http://www.iviewit.tv.
The Federal Court cases
Cases @ New York Second Circuit
1.08-4873-cv United States Court of Appeals for the Second Circuit Docket – Bernstein, et al. v Appellate Division First Department Disciplinary Committee
TRILLION DOLLAR LAWSUIT
2.Capogrosso v New York State Commission on Judicial Conduct
3.Esposito v The State of New York.
4.McKeown v The State of New York
Related Cases @ US District Court – Southern District NY
5.07cv09599 Anderson v The State of New York. – WHISTLEBLOWER LAWSUIT which other cases have been marked legally “related” to by Fed. Judge Shira A. Scheindlin
6.07cv11196 Bernstein, et al. v Appellate Division First Department Disciplinary Committee
7.07cv11612 Esposito v The State of New York
8.08cv00526 Capogrosso v New York State Commission on Judicial Conduct
9.08cv02391 McKeown v The State of New York
10.08cv02852 Galison v The State of New York
11.08cv03305 Carvel v The State of New York
12.08cv4053 Gizella Weisshaus v The State of New York
13.08cv4438 Suzanne McCormick v The State of New York
14.08 cv 6368 John L. Petrec-Tolino v. The State of New York
Umm… Thanks. In case it's not blatantly obvious, commenters' opinions are their own.