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TOPIC: Mutual of Omaha funding scandal?


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Mutual of Omaha funding scandal?
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Does anyone have any information or comments regarding Mutual of Omaha's (MOO) role in the Franklin Scandal? Anything implying their involvement, relationships, disclosures, conflicts of interest, or etc.?

FINANCE
We know that:

  1. MOO donated millions to King's organization directly.
  2. MOO CEO (Thomas Skutt) co-chaired King's fundraising drives with Harold Anderson (World-Herald CEO who was Chairman of King's Advisory Board). [See record for $1.2MM deposit attached]
  3. Vice Chairman and Deputy CEO of MOO (John Minton) was on the Board of Directors of both financial institutions that King's $40 million passed through.
  4. MOO Chairman of the Board, V.J. Skutt   was Director Emeriti of one of the institutions (FirsTier Bank NA Omaha).
  5. Skutt, then Chairman and CEO of MOO, was involved in orchestrating King's lobbying with the World Herald. [See doc attached that refers to lobbying]

It appears that when finance institutions fail, MOO often takes over. As in Mutual of Omaha Bank acquiring deposits of failed Marco Community Bank, First National Bank of Nevada, First Heritage Bank. Commercial Federal Corp. assumed deposits from bankrupt Franklin Federal Savings Association etc. (Neary is also Dir. of Commercial Federal Corp). I wonder where King's leftover Franklin assets went?

Yet, Larry King had no educational capacity to set up a financial institution. With his BA from 1972, he had no capacity to launder millions upon millions of dollars. These activities require a high level of skill to adhere to let alone evade compliance. You need to be smarter than the finance/tax people. Madoff had that skill. Larry did not. (Unless he took a Learning Annex course on embezzlement and laundering I missed?)

Assuming that King's Advisory Board were honest persons, then, King would be smarter than the likes of executives from ConAgra, S&Ls, Omaha National Bank, Murray State Bank, Massachusetts Mutual, etc. Boy, I would LOVE to see his fabricated financials that fooled them all.

CREIGHTON
Possibly, MOO may have been more involved via Creighton Jesuit University? MOO CEO is Chairman of the Board of Creighton University. Creighton has phenomenal and historical relationships to DC.

MOO's history with Creighton is enmeshed, considering MOO was founded by a Creighton medical student (Criss), then managed by a Creighton law student; the rest is history. We know that:

Father Steven Boes (National Director of Boys Town) received his Masters in "Counseling" from Creighton. Possibly, he got it from the "Mutual of Omaha Center for Health and Counseling" at Creighton, funded by the Mutual of Omaha Foundation?

BOYS TOWN
Or, possibly MOO may have been involved via Boys Town. We know that:

MOO CEO, Daniel Neary is on the Boys Town Board of Trustees. Boys Town would not be able to deposit $1 million in King's company without high level approval.

After 3 decades of working in finance, I have never seen a child-advocate finance institution as MOO: Animal Planet, Wild Kingdom, Henry Doorly Zoo, Wild About Omaha, County Juvenile Planning, School Kids Summit on Conversation, Raptor Recovery, Spirit of Adventure Series, the Wildlife Heritage Trust, and on and on. Maybe it's because Neary is on the Board of the Boy Scouts of America Council.  You would think they would be the first to assure youth safety and fund Bryant's film.

http://www.wildkingdom.com/

Boys Town and Creighton University are so enmeshed, I would consider them to be one organization; Jesuits are the largest male-only religious order of the Catholic Church. The Boys Town National Research Hospital has two campuses: one at Boys Town, and one at Creighton (annually serving 40,000 kids and families). The Boys Town Institute for Child Health Improvement administered by Creighton connects to many components. Then, the Creighton University Boys Town Healthcare Foundation takes in $3.6MM a year. To follow the grant strings will take a year of accounting. I believe Creighton runs the Omaha Tiger Project via Boys Town collaborative funding as well.

http://www.wildlifeworlds.com/downloads/Tiger_Cat_Scan.pdf

I sure hope abused children are not being capitalized on.

DID MADOFF HELP KING?
Geesh, for King to (1) outsmart all those highly educated physicians, financiers, and lawyers who have decades of professional experience, to (2) make millions of their dollars disappear without their knowing it, and through their own institutions, [without any higher education, any finance education (Series 7, Series 3?, CPA? financial planning certification? Real Estate license?) finance ops experience, and only prior work experience in catering and lawn care], I have GOT to get a BA from the University of Nebraska!

Possibly, King took lessons from Kerrey and Gottschalk who know a lot about as such finance. Gottschalk just got an honorary degree from Creighton in law, a few months after he was named President of the Boy Scouts of America (the Gottschalk Foundation has invested in Creighton from the Integrated Science Center to the Koley Professorship in Constitutional Law to the Annual Fund to the...). I believe Gottschaulk and MOO are currently co-implementing an urban redevelopment project near Creighton involving parks.

Lastly, does anyone know the first name of the founder of MOO? Or, why MOO has seven floors built underground? Don't you just love puzzles?

PS: Boys Town Mission: To change the way America cares for children, families and communities by providing and promoting an integrated continuum of care that instills Boys Town values...


Attachments
MOO Letter.pdf (613.1 kb)
Doc2.pdf (266.9 kb)
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I've attached a "Deposit Update" that was given to Gary Caradori by a former Franklin Credit Union executive. Mutual of Omaha is listed as depositing $25,000, but Boys Town's "anticipated" deposit is $1 million, which, if true, is rather mind-boggling. Moreover, if Boys Town, in fact, made deposits totaling $1 million in the Franklin Credit Union, then Boys Town personnel lied about its scope of financial enmeshment with the credit union.

(The same document is reproduced in The Franklin Scandal.)

Attachments
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Great background info dcnetwork.  Good to see more competent researchers giving vital input.  Hopefully more people will see how criminal activities can be camouflaged under the dubious guise of national security.  Your tax dollars "hard at work".  The best way to prove it is through documentation of the money trail which will in turn corroborate victims' testimonies.  That is why the perps murdered Caradori.   He was documenting the money trail.   Anybody smart enough to follow the money trail is a major threat to them. 

Can anyone tie Madoff to King? You've brought up a lot of good info for research.  Thanks.



-- Edited by Meenakshi108 on Sunday 21st of February 2010 02:56:51 PM

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Nick,  do you know if Caradori had any copies of documents showing King had paid Boys Town any monies?  I would think he would have had to have some financial arrangements for taking boys from BT.  Perhaps there were subsequent kick-backs from Boys Town to King.

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Bryant's evidence further implicates a MASTER MIND behind Franklin
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This financial document that Bryant presents demonstrates further proof that King has absolutely NO financial management skills. No matter who generated that document in his company, he is completely incapable of clearing a trade, calculating interests and fees against an execution, and certainly generating false reporting documents - let alone to the sophistication of duping the circle of men whose reputations were involved.

"Pretending" to be a finance-forensic specialist, I will attest that whoever generated that piece of paper was completely finance illiterate. In all the companies I worked with, that person would be fired without  discussion.
  • 1. To start, any finance bean-counter at the bottom would itemize a hand-written list either by dollar amount or  alpha for fear of getting in trouble.
  • 2. Secondly, they would separate a 501c3 contribution from a for-profit one since it's handled differently; there would be a sub-row or tab.
  • 3. Third, this document would have some sort of conclusion to it - total confirmed deposits qtd vs. accounts receivable.

This is an unintelligible document to a banker and an insult. A person who generated this piece of paper would be a liability risk to the institution for impending mistakes. Note, when you go to a bank, they don't make mistakes on how much money you have. There are systems that guarantee that accuracy, which is why this person would be fired.

You see, non-profit accounting is really different from for-profit accounting. Agencies have to record who the IRS tax deduction goes to.
  • 4. Which leads to the next red flag on the document - the mixing of individuals (McCollister), non-profits(church), and corporations (MOO).
  • 5. Lastly, the fact that the document exists is evidence enough that they had no spreadsheet generating software to print out deposits or A/R to date. If transactions (in the like of $200k) are going into your "quickbooks", why would you handwrite this list? Maybe you were in the car. Yet, why would one keep this piece of paper, let alone file it? Even if there were an excuse for such a stupid piece of paper, it would get shredded right away so not to corrupt the chron filing (part of the standard accuracy operations systems).

I have a girlfriend who is an embezzlement expert. Maybe I could talk her into looking at it. There is a psych criminal profile for embezzlers that she is well aware of. I bet there is a lot to deduce from the handwriting as well.

So, who was the MASTER MIND that disappeared $40 mill and where is it? And why isn't the SEC involved? I'm sure that cash had to get put into some sort of market instruments. Where is Madoff when you need him? We need to make him do community service while in jail and help us. Maybe if we write and ask him, he will.

Arresting King for embezzlement was ridiculous. He wasn't capable. It's as ridiculous as arresting a 3- foot midget for climbing into a 2nd story window to kidnap a 8-year old girl, carrying her down the ladder to his camper, where he drove to Mexico to kill her. He wasn't capable. King's bust was a coverup. Now, I want to see the court transcripts where they discuss financial crime. I am pretty sure King cannot even have a finance crime conversation. He wouldn't be able to comprehend the lingo!


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Mutual of Omaha funding scandal?
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Yeah, it's hard to believe nobody seems to care where that $40 million went, especially given that it certainly involved financing child trafficking, child pornography and snuff films! 

Come on people, this is YOUR hard-earned money that went through Larry King's grubby little hands.  Without your participation in caring about HOW your money is spent, the crooks can walk away with everything...and they will (including your children). Do you need more proof? 

-- Edited by Meenakshi108 on Sunday 21st of February 2010 07:03:51 PM

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I just looked at Harold Anderson's resume and he listed himself as a Director of Creighton University. 

http://www.franklinfiles.net/forum.spark?aBID=120661&p=3&topicID=32830685




-- Edited by Meenakshi108 on Saturday 27th of February 2010 01:15:57 PM

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