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Has President Bush Protected Charles Schwab From the U.S. Justice System? (VIDEO)Tim King Salem-News.com
An Oregon man who lived with a former girlfriend of Charles Schwab's, hints at a federal government cover up and big money scandal that reaches to the highest levels.
(SALEM, Ore.) - What should a national leader do if he suspects one of his country and political party's richest financial moguls is guilty of illegal federal crimes?
More specifically, what would the current President do if he knew a person like Charles R. Schwab was guilty of insider trading? His downfall could literally bring about the collapse of the stock market. Is our country honest? Do our federal agent's blinders come on when certain people worth a lot of money come into view?
Wayne Pierce says he has contacted many important political offices and individuals with his allegations against Charles Schwab, he says he has documented a number of Schwab's federal crimes, but the case has never received major interest from the FBI, the agency that investigates the type of allegations that Wayne Pierce brought forward.
In summary, Pierce says Charles Schwab hacked his computers, stole his emails, destroyed files, and spied on him. It stems from Pierce's involvement with a woman who had previously dated Charles Schwab. The video goes into great detail on these subjects.
Allegation of Conspiracy & Lying to the FBI
Pierce says Schwab intercepted his emails and shared them privately with Ms Kim Haynes, the woman both Pierce and Schwab had a relationship with. He says Haynes discussed Schwab’s illegal activities with him in person and through emails, all of which Pierce provided to the US Government.
Pierce believes that since the FBI first began investigating his allegations against Charles Schwab, both Schwab and Haynes have conspired to deceive the US Government, claiming they did not know one another.
"Indeed, Mr Schwab’s corporate attorneys wrote me twice and claimed the same thing. Because I had provided the FBI ample proof that these people do indeed know one another, prior to their ever talking with them, I question why they so easily accepted these false claims and discontinued their investigation. I believe this might be a deliberate cover-up by the US Government."
Emails Hacked and Framed for Attempted Murder?
Wayne Pierce says that in August of 2003, Schwab and his good friend, Keith Johnson of Fieldstone Homes in California, conspired to frame him for murder.
"They both told Ms Haynes that I was trying to kill him (Schwab) by placing bombs on his properties. Mr Schwab then told the FBI the same thing. As part of their conspiracy, Ms Haynes was also terrorized with with death threats over the phone. Something is obviously wrong here: If Mr Schwab did not know Ms Haynes, as he claimed to the FBI, how could he be telling her that I was trying to kill him? How was it that her boss was telling her the same thing? For not knowing one another, they were sure talking a lot."
It is important to note that the discovery of Mr Schwab’s so-called bombs was made the very week that Schwab had told friends, via email, that he would be visiting California, and specifically, the Pebble Beach/Carmel area, where the bombs were found.
"Mr Schwab was still into my computer and reading my emails — one year after I had reported his illegal activities to the Bush Administration and US Congressional leaders. Indeed, he felt he was above the law, perhaps for good reason."
On August 21st, 2003, the FBI questioned Pierce about Mr Schwab’s accusations.
"It was quite fortunate that I had canceled my travel plans and was not in California. Had Mr Schwab also been tapping my telephone, he would have known this. Just as I predicted with the FBI agents, these bombs turned out to be fakes."
While discussing the bombs found at the Schwab office and home in Carmel, Pierce says FBI Agent, John Ferreira told him that Mr Schwab and Ms Haynes had claimed they did not know one another. Mr Schwab also claimed he did not know who Pierce was.
"When I told Mr Ferreira that I could easily prove they did know one another, he told me that the FBI was going to talk with Mr Schwab and Ms Haynes again and if they were lying, they were going to jail. I doubt the FBI was allowed to follow through with this, for Mr Schwab and Ms Haynes are still not in jail."
Questionable Financial Dealings
Pierce's former girlfriend and Schwab had their own financial dealings, he says, and she was in Schwab's debt for $20 million he loaned her. That money was lost after a failed merger between two huge Silicon Valley groups, Micron and Hynix. Pierce says Schwab partially orchestrated the failed deal.
Schwab’s financial dealings with Haynes were questionable Pierce says, and he suspects that included insider trading, tax evasion, "and certainly financial coercion and blackmail. I believe the handling of his loan to her, and his control over her stock account with his company, improper."
Below is the video with Salem-News.com's Tim King and Wayne Pierce of Oregon. The transcript is below the story
TimI'm here with Wayne Pierce and we're talking about what might likely end up being the biggest story of the year. Wayne, I'm going to ask you top sort of take this from the top and where you first met Miss Haynes and what got this whole thing with Charles Schwab started.
Wayne:Strangely enough, maybe not so strange nowadays, Kim and I met on the Internet. And we developed a relationship, an email relationship anyway, but didn't meet one another for some time because she lived up on Orcas Island and I'm down here, so we're quite a ways apart.
Tim: How long after you finally met Kim was it until you understood her history with Charles Schwab?
Wayne: Kim and I met one time in San Diego, I flew down to visit with her, this is after we had known each other for about six months. And while I was in San Diego visiting her is when she started telling me about her previous relationship with Charles Schwab, who she says she was engaged to and that's when it all started.
Tim: What was your thought on the financial mogul Charles Schwab before you met Kim, who was Charles Schwab to you?
Wayne: I've always known Charles as the guy who introduced the United States to low cost stock trading, he was the, back then charged the lowest fees for trading stock so that's the Charles I knew.
Tim: Was it shocking to you to come to understand that the woman you were becoming involved with had been involved with a you know, bit world class figure.
Wayne: Absolutely, I was just dumbfounded. It's the kind of thing that you almost can't believe, but yet Kim and I had known each other for so long, and cared for one another enough, that I had to believe her and it was truly an unbelievable story.
Tim: And just to get right to it, Kim was obviously guarded about her past to some degree with you and it took a while before she disclosed to you more of it?
Wayne: Over the months that I knew Kim I gradually knew more about her and her family. She comes from a wealthy family. What I found out rather early after I met Kim was that her mother's brother was one of the founders of Varian Associates in the Silicon Valley. Her father was the scientist or engineer who developed the products that started the Micron corporation. She was definitely among the people who might associate with Charles Schwab and these people.
Tim: So Wayne, let's move right to what this is all about. Obviously Martha Stewart and others have paid dearly for mistakes that were made involving insider trading. A lot of the Schwab story seems to stem from this deal with Miss Haynes, can you explain that?
Wayne: According to Miss Haynes, from where I get most of my information, Charles Schwab was involved with the attempted acquisition of Hynix by the Micron Corporation, he was managing that. As part of this, as part of this deal he loaned Miss Haynes 20 million dollars with which she would buy Micron stock, which put her in a position where she could have some power over the board of directors, she would have a say in what they were doing. Consequently, she was able to, well she in fact went with Charles on at least two occasions that I'm aware of, to his office in Manhattan where they met with the South Korean owners of Hynix to discuss this transition where they would take over their company.
Tim: And she was actually in attendance for that?
Wayne: Yes, she flew on his corporate jets out of Portland and was on both, at least two visits that I am aware of.
Tim: So it is fair to conclude that from what we know, from you know from Ms Haynes, that Charles Schwab was causing her to believe that he was going to do something that was going to secure her financial future?
Wayne: Absolutely, if they could have pulled this off, it would have combined two of the biggest electronic chip makers into one company and the stock would obviously take off.
Tim: But that's not what happened?
Wayne: That's not what happened because the South Korean bankers eventually rejected the plan, and I even read some time ago where Micron Corporation is attempting to sue them for backing out of the deal. I don't know how that turned out but that was in the news.
Tim: As you're going to learn in the next few minutes from Mr. Pierce, the list of crimes, or at least allegations of crime against Mr. Schwab is a very long list and there are people involved that may be surprising. And Wayne when we talk about this, you essentially built a case and took your findings to the FBI. And Wayne I wanted to add too that this is the moral duty it seems of any American to take a crime like this and report it. Can you explain how that wen when you took this allegation against Charles Schwab over the money with Ms Haynes to the FBI?
Wayne: Yes I did feel a duty to report what I thought was a very serious crime. I called the FBI and I spoke to FBI Agent John Ferrera and I started to discuss the multiple crimes that I thought Charles Schwab had committed, which includes the stalking, computer hacking and theft of email and the money issues. Ferrera immediately stopped me and asked if I lost any money in all of this that was happening and I said, ‘no I haven’t lost any money and he said he can’t become involved in any kind of complaints like mine unless somebody lost a hundred thousand dollars. That was his cut off and the end of the report, he could not be involved.
Tim: I know it is an interesting point that you must have reached then and we’re going to talk about the hacking and the computer interference which Mr. Pierce believes came from the Schwab group and you have reasons to believe that right down to the actual email being placed in your hand. But that wasn’t the only contact you had with the FBI over this?
Wayne: That’s right, I didn’t give up there and I contacted the Portland FBI office and I spoke to Agent Paul Mueller, and told him what ask going on and he did not give me the hundred thousand dollar rule and but seemed to be very interested. He asked that I forward him the email to sort of prove what was going on which I did, eventually I talked to him and he told me that he would like to talk to Kim Haynes because she was a big player here, she is the one who told me and I have her emails, so he wanted to talk to her. At that point he told me to have her call him. I called Kim and gave her his phone numbers and asked to call him. She said at that point that if he wanted to talk to her he could call her. Anyhow I exchanged their points of view across back and forth a couple of time and he was eventually going to get in touch with her, which was my understanding. One day I heard from him, I can’t remember if it was a phone call or an email, Agent Mueller told me he couldn’t really pursue the case because there was insufficient evidence, and strangely enough he said that if, he said he would only pursue the case if I provided him the emails that Charles Schwab had been stealing from me, when you report a stolen car to the police do they say, 'well if you show us the car we can pursue it.’ It was a very strange response.
Tim: And before we go too far, I think that one of the most poignant points of this whole story is the computer hacking, and the way that you kind of detected this was by your girlfriend knowing things that you couldn't account for?
Wayne: It even went back further back than that, when I first met Kim down in San Diego she talked about Charles Schwab Always knowing what she is doing, she complained about him having his detectives following her around, I think he convinced her of what he was doing because of detectives, and I immediately started suspecting computer hacking, I suspected he was reading her email and knew everything she was doing. But she told me 'he knows you're here in town' the day I arrived here, no, after she told me about him she started taking about him and then she told he he knew I was in town, etc. Kim and I later were living together here in Eugene and after a while she started asking me questions about certain people or certain things that I had to said to someone and acted very suspicious, like 'who is Lisa,' well I had previously known a Lisa who had contacted me, I hadn't seen for many years, she contacted me and said she worked for American Express investments, and she wanted to know if I was be interested in investing money in their company. Well, Kim picked that up in an email obviously one day and asked me, 'Wayne, who is Lisa?' Well Immediately knew then, somebody had seen the email obviously, I didn't tell her about Lisa, she did this in a couple of other instances where she mentions somebody's name and was very suspicious about me, so I pretty much knew that Charles was hacking my computer and feeding her my emails.
Tim: And then you had a file that you had been building on Schwab you mention to me earlier, and then that was just gone one day?
Wayne: I first reported Charles Schwab's illegal activities in August 2002, during that period I had written to George Bush, the FBI, the FCC and all these people. In August of 2003 I one day went into look at my files in my documents on my computer and I was looking up a letter that I had written Charles Schwab, one of many, and the file wouldn't open. I then tried other files in the same folder and none of them would open, they were all damaged. And I thought it might be a computer general hit of all my documents, but I tried to open the others and they opened fine, and the only files that were damaged, wouldn't open were the ones on Charles Schwab.
Tim: When you're dealing with this type of thing, it's clandestine, it is secret, but what ended up happening with the Carmel incident, and I'll be honest with you Wayne, that is what really brought me into this story, when I learned that part, they say karma works in strange ways, so the email interceptions are as far as you know, going on, can you tell us about the trip to Carmel that you didn't quite take?
Wayne: I was getting ready to take my yearly adventure down to California where I'm from and I was emailing friends to let them know I was coming and I gave them a specific date, when I was going to be there, a specific week, as we got near the time I phoned my friends and let them know I wasn't going down there. On August 19th 2003, the year after I am first reporting Schwab to every level of law enforcement, on August 19th, Kim Haynes called me on the phone and told me about bombs that had been found on the Schwab property. She said bother Charles and her boss Keith Johnson told her that they thought I placed bombs at his residence, which is really not his residence now, but it is going to be his retirement mansion in Pebble Beach, and there were bombs also found at the Carmel Charles Schwab office. Now first of all Charles Schwab lives in Atherton most of the time and works every day at his downtown San Fransisco office, so why the bombs in Carmel? There is only one reason for the bombs in Carmel, that is because he thought I was there. Kim was really upset, she really thought I might be trying to kill the guy, she said said she was getting phone called and her life was getting threats, I told her 'Kim this whole thing is a big hoax, the FBI will be knocking at my door shortly, they are trying to set me up simply because they thought I was going to go to California.' A couple of days later I wasn't here but my son told me there were two FBI agents knocking at my door looking for me, they left their cards, I told them I didn't want to talk to them here but I said I would come down to their office, which I did. The FBI said Charles Schwab told them he thought I was trying to kill him and the proof, he thought I was responsible fo these bombs, the reason Charles Schwab thought it was me the said, it that he gave them a letter I sent him six months before and said this letter from some guy that he doesn't know, that made him feel I was the one who was trying to kill him. What I told the FBI was that 'I really appreciated the chance to finally talk to them, they had never talked to me before. All this time I had provided them with emails and all kinds of documentation that supported my allegations against Charles and nobody calls me. He tried to frame me for murder and here they are, it was really weird. And the demeanor of the FBI agents was, I could really tell, they did not believe Charles for one minute. They went through the motions and they asked me if I could prove my whereabout was of the time that the bomb was found, I gave names of three different people here in Eugene and phone numbers, and said you can talk to these people they will tell you I was right here. Weeks later I talked to these people the FBI never even talked to them.
Tim: Which again underscores their lack of belief in the Schwab allegation against you at all and that had to make you feel good, I know that until this story you have not been able to get this out to the nation even though you have been trying, but every now and then corroboration crossed your door.
Wayne: Yes, I felt very good about it.
Tim: Another point that is really important deals with the Stock Exchange itself, Charles Schwab, probably the single biggest name when it comes to the stock exchange, however things have changed a little bit there, Wayne can you tell me about this?
Wayne: Yes, when I became concerned about Charles Schwab's, what I believed was Charles Schwab's illegal behavior and unethical behavior, I wrote a letter to the board of directors of the New York Stock Exchange and copied them on letters that I had sent to George Bush about Charles Schwab and basically asked if this is the kid of person they want to be members of their exchange. I might be purely coincidence but about two months later Charles Schwab sold his three seats on the New York Stock Exchange and moved his seats to the NASDAQ totally.
Tim: Could be coincidence but very interesting timing, so again to clarify you wrote letters to Charles Schwab, you wrote letters to his wife, you wrote letters to all the members of the New York Stock Exchange.
Wayne: Yes I've written to all those people. In the letters to the NYSE I copied each person on the board, yes. I just went down the list of things I knew about Charles Schwab. In the letters they received I talked about the fact that he was hacking into my computer, into Ms. Haynes' computer, I talked about the questionable financial arrangements he had with her regarding the Micron-Hynix merger or acquisition, I talked to them about his ongoing harassment which is not that big of a deal to them they're more interested in the legal aspects, that's basically what I talked to them about.
Tim: So then, and when you gave me copies of your files there was not one, but two copies of letters from Schwab's attorneys, and it struck me as odd, they are telling you that you know, your allegations aren't true, but why, if you were making these allegations and they weren't true and you were sending them to the President and the FBI, then in my view there is no reason I can imagine why they wouldn't have waged some action against you, and you even encouraged that?
Wayne: The first letter I received from Schwab was interestingly after I wrote to George Bush, and he basically threatened me that if I wrote to George Bush and other people in government that they were going to sue me, well they reserved the right to sue me, which is interesting because if I have a problem with somebody who is doing illegal activities that involve me is that I am not supposed to report it to anybody. How I responded was I wrote back to his attorneys and told them to please sue me because there is nothing I would rather do than see Charles Schwab in court. I never heard from that attorney again. About a year later, I received another letter from their attorney, a more senior attorney in Charles Schwab's corporation, in which they basically were trying to bully me, they quoted laws from the Oregon Statues, they advised me of all of these laws I was breaking, and they accused me of threatening him, and again I responded and told them if you want to sue me go ahead. The last time I wrote to Charles Schwab, and his wife Helen and again reviewed by allegations against him, and again beseeched him to stop harassing and stalking Kim Haynes and just get out of her life, I ended that letter by advising them that they could save a lot of attorney time and energy and just don't bother to write any more letters trying to bully me, because I will not be bullied
Tim: Now that national media is finally paying attention to this story it looks like there could be stormy waters ahead for Charles Schwab and other Americans financiers who may or may not be involved in activity that will now be the focus of FBI investigations after all, at least that's what Wayne and I would conclude at this point after all the work that Wayne has done on this. Stay tuned to Salem-News.com for more upcoming segments on this, at least on the published side.
I'm Tim King for Salem-News.com
Here is an earlier report on the allegations against Charles Schwab's by Salem-News.com's Tim King: Slippery Slopes for Financial Mogul Charles Schwab
Tim King is a former U.S. Marine with almost twenty years experience on the west coast as a television news producer, photojournalist and reporter. Today, in addition to his role as a war correspondent in Afghanistan where he spent the winter of 2006/07, this Los Angeles native serves as Salem-News.com's Executive News Editor. Salem-News.com is the nation's only truly independent high traffic news Website, affiliated only with Google News. You can send Tim an email at this address: email@example.com
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