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TEXAS ThugsGovernor Mario CuomoSEC CCOPWC CrookPaulson / GeorgePresident ObamaTEXAS CrooksSENATOR NELSONR. Larry Johnson CPAGov. SebeliusSEC'S LawyersGov. PatakiBush / Pitt


President Barack Obama

OMB's FOIA Officer Dionne Hardy has now lied about the White House not being subject to the Freedom of Information Act!
From: FN-OMB-FOIA <>
To: Rabshire <>
Sent: Mon, May 14, 2012 3:26 pm
Subject: RE: Senator Bill Nelson / SEC

Good Afternoon: The White House is not subject to the Freedom of Information Act.

Dionne Hardy
725 17th Street, NW
Room 9026
Washington, DC 20503

Dear Mr. Hardy,

Can you give me an update on the enclosed FOIA request I made to you on March 19, 2012? A simple e-mail response will do. If you have any questions, please contact me at 817 946-8097 or

Thanks in advance.

R. Dale Abshire

March 19, 2012

President Barack Obama

The White House

1600 Pennsylvania Avenue NW

Washington, DC 20500

Freedom of Information Request

Dear Mr. President,

Enclosed is a copy of my April 15, 2009 letter reporting criminal fraud relating to the MONY/AXA Ponzi that is now approaching 30 years. Under Freedom of Information I now request any and all documentation of any action taken by your administration as a result of this report. I request any and all communications including electronic transmissions to and from the Securities and Exchange Commissions, the US Department of Justice, Federal Bureau of Investigation, Kathleen Sebelius or any other agency. If no action was taken it is requested that an explanation be given.

Please do not hesitate to contact me with questions or for documentation. You may contact me at 817 946-8097 or


R. Dale Abshire

2606 Twelve Oaks Lane

Colleyville, TX 76034

April 15, 2009
President Barack Obama                                 
The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,
Thank you for helping with my March 2, 2009 request for help in getting the Securities and Exchange Commission to answer a Freedom of Information request for the identities of 14 companies that PricewaterhouseCoopers LLP had taken public with fraudulent documents. They have responded that the documents have now been destroyed due to the "retention period". Please consider this as a report of criminal fraud by members of the Securities and Exchange Commission, Goldman Sachs, PricewaterhouseCoopers, AXA Financial and others. 
The Mutual Life Insurance Company of New York, commonly and hereafter referred to as MONY, was founded in 1843 and recognized as the oldest mutual life insurance company in America. From its inception, MONY was a mutual company, owned by its policyholders and run for their benefit with dividends paid to policyholders. MONY's principal regulator was the New York Department of Insurance.  In 1970 MONY established an investment fund, MONY Fund, which required additional reporting to the Securities and Exchange Commission.
I was employed by MONY from September 01, 1971 thru February 01, 1991 as a Field Underwriter in the Dallas and Richardson Texas Agencies, as a sales manager in the Fort Worth agency in mid 1982 and as Agency Manager from January of 1986 until February 01, 1991.  From 1982 thru 1990 my duties included the recruiting and training of new Field Underwriters to market MONY life & health insurance products along with securities registered through the Securities and Exchange Commission. I also marketed the products as a dual capacity employee of MONY and a Registered Representative of MONY Securities Corp.
Beginning in 1983 MONY introduced a series of products designed for retirement and high increasing death benefits based upon dividends that the company claimed were conservatively illustrated at a 7 to 7.5% return on the company's invested assets. The products were used in many different ways to illustrate educational savings plans, guaranteed retirement funding, pension maximization and elimination of the survivorship benefit for members of the military as well as replacement of IRA accounts. These policies were widely marketed as sound "investment grade" life insurance contracts accompanied by an array of company furnished sales literature and materials.
Simply put, the products were a PONZI and the literature used to defraud the public was false. The dividends had been illustrated based on a 11 to 12% return on assets with inflated values as well as nonexistent assets. The company's financial statements were fraudulent, the company was insolvent and had no way of paying the dividends that had been illustrated. At least one million Americans were the victims of this fraud which is ongoing and worsens over time. It is crystal clear that both state and federal agencies took an active part in sheltering this fraud. The Securities and Exchange Commission has through FOI admitted that they can't produce an accurate, concise and properly opined financial statement for MONY for any time in the last 10 years.
Effective February 1, 1991 MONY terminated my contract without cause. As a result of discovery in the ensuing litigation, which was settled to my satisfaction on the eve of trial in 1993, I became concerned for the safety of my pension and investments held by MONY.  In an effort to assuage those concerns I obtained additional documentation from the New York Department of Insurance and agreed to work as a case consultant on several suits against MONY by other employees and policyholders that helped me secure additional information concerning serious criminal activity and a massive fraud on the public. The 1991 NAIC examination of the company (released in 1993) revealed more than $600,000,000 in illegal transactions.  MONY's former assistant general counsel had been the Superintendent of the New York Department of Insurance from 1983 to 1991 when the fraudulent accounting and looting started.
You may recall that during the Florida election trials the "Bush Team" named one of America's foremost accountants, Mr. R. Larry Johnson CPA, to testify as an expert witness. Coincidentally, Mr. Johnson had previously been called upon in 1995 to render an opinion on MONY's financial statements and review the N.A.I.C. examinations of the company.  His sworn affidavit is posted at for your review. It should be noted that he did not know that Coopers & Lybrand had been violating the auditor independence rules by selling financial instruments to the company on the side while issuing false opinion letters certifying MONY's financial statements that contained 100s of millions of dollars in fraudulent transactions nor was he aware of the Florida Department of Insurance investigation by current U.S. Senator Bill Nelson that revealed more than a billion dollar surplus shortage on the statements filed in Florida.  The Florida letter to MONY's Chairman, Michael I. Roth is posted @ Mr. Roth who signed MONY's fraudulent financial statements is a former Coopers and Lybrand partner and is currently Chairman of the Interpublic Group of Companies Inc. 
Beginning in 1995 I reported, as mandated by Article 1.10d of the Texas Insurance Code, suspected fraud in the business of insurance and asked for help for policyholders to the Texas Department of Insurance and to Governor George W. Bush concerning the fraudulent financial statements of MONY, the looting of the company and the PONZI insurance contracts that were used to defraud the public. Mr. Pete Wassdorf, currently General Counsel to Texas AG Greg Abbott, responded on behalf of Governor Bush that they could not help because it would be inappropriate for the governor of Texas to contact the governor of New York and interfere with the operation of a New York domiciled company.
During the same time that I was seeking help from Texas, I contacted Walter Ricciardi in the general counsel's office at Coopers & Lybrand and provided him with documentation including the Johnson affidavit and asked him to help resolve the matter. He informed me that he had checked it out and it was "no problem" selling bonds and financial instruments to MONY while acting as the independent accountant.  Coopers & Lybrand was later merged with Pricewaterhouse. 
During 1997 I provided Mr. Joseph Dimaria of the Securities and Exchange Commission with documentation of the false financial statements and later got his admission that MONY had in fact filed false financial statements with the SEC. He then said that he could no longer talk to me and hung up. In 1998 I asked Arthur Levitt, Chairman of the Securities and Exchange Commission,  to help policyholders get an accurate financial statement for the company prior to their being asked to vote on demutualization. I received a response from the Northeastern District Administrator, Carmen J. Lawrence, who informed me that MONY did not file financial statements with the SEC and that they could not help me. She was lying! MONY had filed financial statements with the SEC since the early 70's.  The SEC then allowed MONY to go forward with an Initial Public Offering in excess of a billion dollars.  Shortly after the IPO I gave the SEC letters to Michael Schroeder at the WSJ.  Soon afterwards I received a call from SEC attorney Dorothy Heyl wanting to help me resolve the matter and asked me to work with her on the SEC investigation. The SEC then refused to talk to the media because of the confidentiality of their investigation. The WSJ story is available on site along with the SEC letters. Three years later Mr. Frank Henderson, FOIA/Privacy Branch Chief, at the SEC admitted that there had never been any investigation. Ms. Lawrence resigned and became Harvey Pitt's co-partner at Fried Frank Harris Schriver and Jacobson and assumed his practice when President Bush appointed him chairman of the SEC.
Prior to the demutualization of MONY I contacted a substantial number of elected officials and asked for their help in obtaining "an accurate, concise and properly opined financial statements, like the law says that I am entitled too, for MONY". I also contacted the Dallas office of the FBI and provided then with the sworn affidavit of MONY employee Alexis Daniels detailing the use of company funds by officers for home theaters and stereo systems and falsified  expense vouchers to steal from the company. They sent me a letter saying they had transferred the case to their New York office.

After Senator Phil Gramm's office proclaimed him to be "powerless" to cause anyone to produce an accurate financial statement for MONY I contacted Senator Kay Bailey Hutchison and asked for her help with the financial statements and in moving  the FBI along. I provided the Senator's office with a copy of the N.A.I.C. audit of the company and the letter from the FBI. Her office said they could help. Five months later the best they could do was provided me with another copy of the same N.A.I.C examination of the company that contained over $600,000,000 in illegal transactions and claimed the FBI could find no record of the letter they sent me or any investigation. Senator Hutchison was unable to explain the $687,000 MONY paid to her husband's law firm (Vinson & Elkins) that MONY failed to disclose on the financial statements as required by law. Senator Hutchison is also a former partner at V&E.
Senators Kay Bailey Hutchison and Fred Thompson both refused to help with a Freedom of Information request for the orphan child of a dead fireman that held the Navy Cross. The request pertained to falsified expense vouchers being used to get money for illegal campaign contributions that I learned about while working as a case consultant on a suit by another MONY manager. I witnessed his admission to an attorney that he had done it with the blessing of two officers of the company. Vinson & Elkins was defending many of the lawsuits brought by MONY agency managers and employees.  I obtained a number of sworn affidavits from court records  alleging misconduct by 3 of V&E's attorneys. In Wassell v MONY V&E attorney
Douglas Hamel named a dead man (John McCole) as a witness and V&E attorney Shadow Sloan then billed the policyholders of the company for a conference call with the corpse! You may recall that Webster Hubbell went to prison for fraudulent billings. The Texas Department of Insurance saw nothing wrong with the fraudulent billings. Jose Montemayor, who was the Texas Commissioner of Insurance, previously told me he saw nothing wrong with MONY's management using falsified expense vouchers to get money for gambling.  The current Texas Insurance Commissioner, Mike Geeslin featured at , has followed the same path as Mr. Montemayor in sheltering corruption.

New York and Connecticut Attorneys General Spitzer and Blumenthal both investigated MONY's sale of the fraudulent PONZI contracts and extracted millions of dollars for the benefit of their respective states and then closed their cases without considering the 100's of thousands of us that had also been victims of the same fraud. As a matter of fact, those of us with the same contracts actually paid the money Spitzer / Blumenthal collected for their constituents. You can review the information and news articles on and web sites.
As I stated in the March 2, 2009 request for your help with the SEC FOI request, "During mid 2002 the SEC fined PricewaterhouseCoopers LLP and PricewaterhouseCoopers Securities LLC $8,000,000 for taking 14 companies public with false financial statements"and then refused my many FOI requests to identify the 14 companies. MONY will be one of those companies and most likely the reason that Walter G. Ricciardi was brought to the SEC in early 2004 as the head of the Commission's Boston office and later as the Deputy Director of Enforcement in 2005. Now the SEC says the documents have been destroyed due to retention.  Are there 13 other companies like MONY out there? During 2004 MONY was purchased by AXA with the full knowledge that MONY's financial statements were false and that PricewaterhouseCoopers, who stood on both sides of the sale, was not independent as stated in their opinion letters and had been responsible for the fraud in the first place.  AXA CFO Denis Duverne also refused to provide the requested information to policyholders and shareholders.

Much has been said about the SEC's missed red flags on the Madoff scandal....... MONY was not missed red flags!
For brevity's sake I have posted a detailed history at and the confirmation by U.S. Senator Bill Nelson at Additional information is available at and and and and you may want to contact Kathleen Sebelius to verify details of the Kansas Department of Insurance and the NAIC's involvement. She is featured at  and was fully aware of the regulatory effort to hide MONY's insolvency.
I like many others purchased policies for retirement and financial security for my family.  I relied on not only on the financial statements of the company but on the regulator system and my government to protect my interests. Now, nearing my 65th birthday, I find that my government is just as corrupt as the thugs who stole my retirement and placed me in a tax trap.  A proper investigation of this is certainly warranted and I hope you will help as there is nowhere else to go. Your help will be greatly appreciated.
Please do not hesitate to contact me with questions or for documentation. You may contact me at 817 946-8097 or email
R. Dale Abshire
2606 Twelve Oaks Lane
Colleyville, TX 76034
 via fax  202-456-2461 

Natasha Dandridge

Office of Inspector General

U.S. Securities and Exchange Comm

Dear Ms. Dandridge,

Per the request of the Office of Inspector General of the U.S. Securities and Exchange Commission I submit the following information concerning SEC employees involved in suspected criminal activities. I am not an attorney and do not know all the laws that may have been broken. I am aware that whistle blower statutes protect government employees who blow the whistle on wrongdoing by others. I am not aware of any SEC employees making any claims with regards to this matter. Considering the enormous volume of information that I have provided to the SEC and the detailed allegations of wrong doing that have gone unanswered it can be assumed that all knew and all had a duty to take appropriate action. None did.

SEC employees knowingly colluded and conspired to cover-up and conceal the true financial condition of the Mutual Life Insurance Company of New York ( MONY ) and allowed PricewaterhouseCoopers to take the company Public with fraudulent financial statements and documents.


Prior to MONY's IPO I contacted SEC Attorney Bill Baudwin (SP) in the Ft. Worth  office and provide him with NAIC audits of the company detailing hundreds of millions of dollars in fraudulent transactions, the secret phantom stock plan the officers used to steal 10's of million of dollars and two CPA reports. I also provided evidence of Coopers and Lybrands lack of independence and told him of my communications with Walter Ricciardi of Coopers and Lybrand. The next day he asked that I talk with Joseph Dimaria in the New York office. Mr. Dimaria asked for the documents and I provided them to him. Shortly thereafter he refused my phone calls and did not return my calls. I called his number very early one morning and he answered the phone. He admitted that MONY had filed false financial statements with the SEC and said that he could no longer talk to me.

I submit as EXHIBIT 1 the letter to Arthur Levitt dated 03/01/98. The SEC provided the list of Coopers and Lybrand clients and no other information. EXHIBIT 2 is the 05/28/98 letter to Arthur Levitt asking for his help in obtaining an accurate financial statement before policyholders are asked to vote on demutualization. He had Carmen J. Lawrence respond.... Exhibit 3 is the September 9, 1998 response to the  05/28/98 letter in which Ms Lawrence lies about MONY not filing financial statements with the SEC. EXHIBIT 4 is my response to the Lawrence letter... EXHIBIT 5 is a response to EXHIBIT 4 by Robert L. Anthony supporting the Lawrence letter. Exhibit 6 is a 04/15/98 confirmation letter to Ms. Debra Walker concerning the FOI requested in EXHIBIT 1. Note that Walter Ricciardi was copied at Coopers and Lybrand.

During November 1998 PricewaterhouseCoopers used the fraudulent financials to take MONY public with the blessing of the SEC's Northeastern Regional Director, Carmen J. Lawrence. Ms. Lawrence would later be rewarded with the position of Co-Partner to Harvey Pitt at Fried, Frank, Harris, Shriver & Jacobson. Mr. Pitt soon after was appointed Chairman of the Securities and Exchange Commission by President Bush. Mr. Pitt and his minions at the SEC then refused to answer FOIA requests to protect PWC.

In late December 1998 I gave Michael Schroeder of the Wall Street Journal copies of the above mentioned letters. Unknown to me he went to the SEC and asked about the letters.... in the mean time I was contacted by SEC attorney Dorothy Heyl concerning my "not having been given some documents via FOI". She then asked me to work with the SEC in their investigation of MONY's financials. I sent her the information. On Feb. 4, 1999 the WSJ ran the story... EXHIBIT 8. The SEC told Schroeder that they could not discuss the matter because the company was under investigation. Three years later under FOI Frank Henderson admitted that there had never been any investigation. Once again the SEC lied to hide the crime! He also refused to identify the 16 companies that PWC took public with false documents.

EXHIBIT 7 is the 07/17/2002 FOI request to Wayne Carlin concerning the "The SEC's order finds that, by virtue of PwC's independence violations, the firm caused 16 PwC public audit clients to file financial statements with the SEC that did not comply with the reporting provisions of the federal securities laws."  Mr. Carlin had taken Carmen J. Lawrence's place when she left for greener pastures. 

April 2004, Walter Ricciardi was appointed the District Administrator of the Commission's Boston District Office. Exhibit 9 is a letter to Linda Thomsen concerning his promotion to the Enforcement Division. Considering the fact that Ms. Thompsen and the SEC could not produce an accurate, concise and properly opined financial statement for MONY for over 10 years makes crystal clear why Ricciardi was brought in to protect the hen house.

Exhibit 10 is a  6/13/2008 letter to Chairman Cox listing the various web sites that I have posted information about this PONZI that the SEC knowingly allowed to happen and actively condoned. A review of the sites will show many SEC employees that knew and did nothing.... they had a duty and they had an obligation to uphold that duty and the law..... they chose poorly! EXHIBIT 11 is the SEC's page on the site.

Listed below are individuals you should talk to about what they did and why. None of them should belong on the citizens payroll and some should be sharing a cell with Bernie Madoff.

Please do not hesitate to contact me for documents or additional information 817 946-8097 . Your prompt attention to this matter will be appreciated by the 10s' of thousands that were victims of this Ponzi and fraud by PricewaterhouseCoopers.


R. Dale Abshire

2606 Twelve Oaks Lane

Colleyville, TX 76034                      

Bush / Pitt