David C. Farmer, Trustee vs. Harmon - Witness Gerald Parsky

David C. Farmer, Successor-Trustee vs. Harmon

(Formerly Woo vs. Harmon & Nicholson vs. Harmon)

U.S. District Court For the District of Hawaii

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DEFENDANT’S WITNESS

Gerald L. Parsky - Chairman of Aurora Capital Partners, L.P., a Los Angeles-based investment firm specializing in the acquisition of U.S. companies.

From 1977 to 1992, he was affiliated with the law firm of Gibson, Dunn and Crutcher, specializing in international corporate and tax law. He served as assistant secretary of the U.S. Treasury Department from 1974 to 1977.

Mr. Parsky has served as a trustee of the University of California San Diego Foundation and serves on the Board of Visitors for the Anderson Graduate School of Business at the University of California, Los Angeles. He is on the advisory council for the Woodrow Wilson School at Princeton. He is a member of the Council on Foreign Relations and is a trustee of the George Bush Presidential Library Foundations and the Ronald Reagan Presidential Foundation. California Governor Pete Wilson appointed Mr. Parsky to the Board of Regents of the University of California in 1996.

Gerald Parsky was one of the original partners, along with William Simon, in HonFed Savings and Loan and SoCal.

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California Association of Black Lawyers

Press Release

California Association of Black Lawyers Applauds the State Assembly’s Reprimand of Governor Schwarzenegger’s Judicial Appointments

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The California Association of Black Lawyers applauds Speaker Fabian Nunez’s proposed budgetary limitation of new judgeships in response to Governor Arnold Schwarzenegger’s failure to make judicial appointments reflective of the diversity of California.

As local, state and national organizations continue to aggressively promote the necessity and indispensable role of diversity in the legal profession, the executive office of the State of California marches in the opposite direction, as exemplified by its deplorable record of appointing people of color to the judiciary....

Rather than select judges who would inspire the public’s confidence in the impartiality and fairness of the judicial system, Governor Schwarzenegger has appointed candidates to curry favor in the Republican Party as demonstrated by his recent appointments of former Republican Congressman James Rogan and Assistant United States Attorney Laura H. Parsky, daughter of President George W. Bush confidant Gerald Parsky, to judgeships in Orange and San Diego counties, respectively.

If these types of judicial appointments continue, without significant weight attached to diversity and the appreciation of varying backgrounds and experiences, the California judicial system’s fabric will continue to erode and its integrity will be challenged by those who are denied the equal right to participate in its composition....

http://www.calblacklawyers.org/press5.htm

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From The Opal File:

10^th May, 1968. Hawaiian meeting between Onassis and top lieutenants William Colby and Gerald Parsky to discuss establishment of a new front company in Australia - Australasian and Pacific Holdings Limited - to be managed by Michael Hand. Using Onassis-Rockefeller banks, Chase Manhattan and Shroders, Travelodge Management Ltd set up another front to link the operations to the US.

Onassis crowned head of the Mafia; Colby (head of CIA covert operations in S.E. Asia) ran the Onassis heroin operations in the Golden Triangle (Laos, Burma, Thailand) with 200 Green Beret mercenaries - i.e., the Phoenix Programme.

Gerald Parsky, deputy to ex-CIA/FBI Robert Maheu in the Howard Hughes organisation, took orders from Onassis and was made responsible for laundering skim money from the Onassis casino operations in Las Vegas and the Bahamas.

Mid-July, 1968: Placid Oil Co and the Seven Sisters (major oil companies) begin Great South Basin oil exploration - Hunt finances 45.5% of exploration costs, Gulf Oil 14.5%, Shell (US) 10%, B.P. Oil 10%, Standard Oil California 10%, Mobil 6.5% and Arco 6.5%.

12^th October, 1968: Hunt and Seven Sisters announce confirmation of new oil source comparable to the Alaskan North Slope - gas reserves estimated at 150 times larger than the Kapuni Field.

Early 1969: Mafia consolidates its banking operations; David Rockefeller becomes Chairman of Chase Manhattan; Wriston at Citibank and Michele Sindona captures the Vatican Bank, Partnership Pacific launched by Bank of America, Bank of Tokyo and Bank of New South Wales.

24^th February, 1969: Onassis calls Council meeting in Washington to discuss strategy to monopolise the Great South Basin discovery. Council members included Nelson Rockefeller and John McCloy, who managed the Seven Sisters, and David Rockefeller, who managed the Mafia’s banking operations.

McCloy outlines the plan to capture all oil and mineral resources in Australia and New Zealand.

10^th March, 1969: Parsky and Colby use Australasian and Pacific Holdings to set up a “front” company in Australia. Using old banks - Mellon Bank and Pittsburg National Bank - they buy control of near-bankrupt Industrial Equity Ltd. (I.E.L.) Managed by New Zealander Ron Brierly. Australasian and Pacific Holdings ‘consultant’ Bob Seldon helps Michael Hand set up the new organisation. Seldon took orders from Mellon and Pittsburgh National Banks, while Hand was directly responsible to Gerald Parsky and William Colby. Ron Brierly would take orders from Hand.

24^th July, 1969: New board established for I.E.L. includes Hand, Seldon, Ron Brierly, plus two Brierly associates - Frank Nugan and Bob Jones. Both are appointed consultants to Australasian and Pacific Holdings Ltd.

Jones will help Brierly launder funds into real estate (Brierly/Jones Investments) while Seldon and Nugan will channel funds into oil and mineral resources through I.E.L.

October 1969: Chase Manhattan begins new operation in Australia with National Bank Australasia and A.C. Goods Associates - Chase-NBA.

J.C. Fletcher appointed chairman of Seven Sisters’ company - British Petroleum (N.Z.).

17^th February 1970: Gerald Parsky sets up a new heroin-dollar laundry in Australia - Australian International Finance Corp - using the Irving Trust Co., New York....

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July 21, 2006

UC REGENTS APPROVE $1 MILLION IN IMPROPER PAY FOR 60 TOP EXECS

via SF Chron, By Tanya Schevitz

About 60 top executives in the University of California system can keep more than $1 million they received in unauthorized extra compensation, the UC governing Board of Regents agreed Thursday.

"The beneficiaries of this didn't do anything wrong, so they shouldn't be penalized," Gerald Parsky, chairman of the board, said after the meeting in San Francisco.

The retroactive approval was, in part, a response to three separate audits that were launched after a series of stories in The Chronicle revealed that millions of dollars in extra compensation and questionable perks had been handed out but never publicly disclosed.

The audits showed how UC administrators flouted and circumvented some university policies while occasionally violating others -- such as neglecting to get the regents' approval as required for some payments.

The audits were performed by the Bureau of State Audits, by an outside firm, and by the university's internal auditor.

Parsky said the Board of Regents, whose compensation committee discussed the matter behind closed doors on Wednesday, evaluated the improper payments in context.

"Where you have individuals that were represented to that they were entitled to certain benefits, we stepped back and evaluated it in the context of, was it something that we would have approved anyway, rather than just blanketly calling for funds to be paid back, " said Parsky.

The regents concluded the individuals should not be penalized by having to repay the money to the university, he said.

The approvals cover approximately 60 people who held the top 32 positions in the universities over the past decade.

Many of the items do not show dollar amounts, such as enhanced retirement health benefits for UC Berkeley Chancellor Robert Birgeneau, making it impossible to calculate the total. But the items range from recognition of an 18-month sabbatical for Birgeneau, which is worth several hundred thousand dollars, to deferred compensation and a boost in vacation days for UC Riverside Chancellor France Cordova.

Among the list was a $130,000 overpayment to UC San Diego Vice Chancellor Ed Holmes. A state audit found that UC President Robert Dynes' office set up a complex compensation plan in 2001 to temporarily give Holmes an extra $5,000 a month to circumvent university restrictions on outside income. But UC officials forgot to stop making the monthly payments. In addition to allowing Holmes to keep the overpayment, UC will continue to pay the extra $5,000 a month. The state auditor found that the president's office circumvented university policies to give Holmes the extra money.

Assemblyman Leland Yee, D-San Francisco, who has legislation barring the regents from meeting behind closed doors when considering the compensation of high-ranking executives, said it appeared UC regents are oblivious to the controversy that has swirled around them since last November.

"Those regents have got to be living on another planet,'' Yee said. "For the past year, the constant revelations of closed-door deals and back-door deals have shaken the foundation of the UC system and they simply don't get it.

"Usually when a government entity gets caught with their hand in a cookie jar, they try to correct the problem,'' Yee added. "All they do is try to codify and sanctify what they are already doing."

Some employees will be asked to rectify the errors. Dozens of UC employees will also get revised W-2 forms to include money they were paid without being reported as taxable income by the university. And UC San Diego Chancellor Marye Anne Fox, who mistakenly received $248,000 from UC to pay her for a sabbatical she earned when she led North Carolina State University, will see that amount deducted from the pay she gets on a UC-financed sabbatical when she leaves her job as chancellor sometime in the future.

"We agreed to honor (and, therefore fund) her earned sabbatical credits from North Carolina State, just as we've done with other chancellors," said UC spokesman Paul Schwartz. "The only difference with Fox was that the funds were provided early, as the result of a misunderstanding."

The regents also agreed to negotiate a settlement with former acting UC San Diego Chancellor Marsha Chandler, who got an $8,916 automobile stipend while on a yearlong sabbatical. However, the regents retroactively approved a stipend of $68,000 for Chandler to allow her to be paid at her higher salary of acting chancellor while she was on sabbatical for a year.

Regent Judith Hopkinson, who heads the regents' Committee on Compensation, told reporters that the regents approved the extra compensation for the executives because they are underpaid.

State Sen. Abel Maldonado, R-Santa Maria (Santa Barbara County), said the latest action by the regents shows just how out of touch they are with the public.

"They are trying to cover all of their tracks doing once again what is in the best interest of the president of the University of California, not what is in the best interest of the students," Maldonado said. "UC is sending a bad message to the public and students: It's OK to waste taxpayer dollars."

During their meeting, the regents were also told that audits conducted on the various UC campuses revealed that travel and entertainment expenses for senior managers were often inappropriately approved or lacked justification. However, University Auditor Patrick Reed said, there was no evidence of intentional circumvention of policies during fiscal 2004-05, the only years reviewed....

The full audits can be found at www.universityofcalifornia.edu/news/auditreports/

E-mail Tanya Schevitz at tschevitz@sfchronicle.com .

http://parskywatch.com/news13.html

For more on Gerald Parsky and the University of California Retirement Fund, GO TO > > > The Great Nest Egg Robberies

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ANOTHER CENSORED WEBSITE?

Case of Increasing Crimes Under Human Testing by Drug Cartel and ...

with two Japanese members of the Trilateral Commission to discuss ... Gerald Parsky - responsible for heroin and cocaine operations ...

For more, see www.kycbs.net/AOL.htm

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Key People - Sen. John McCain (R-AZ)
updated October 22, 2008

Senior Economic Advisor

Gerald Parsky (announced March 8, 2007) - Chaired the California Bush-Cheney campaigns in 2000 and 2004. Chairman of Aurora Capital Group, LP, a Los Angeles-based investment firm. Senior partner of the Los Angeles law firm of Gibson Dunn & Crutcher, 1977-92. Parsky served as Assistant Secretary of the U.S. Treasury for international affairs and capital markets, 1974-77. He was appointed to the U.C. Board of Regents by Gov. Pete Wilson in 1996; the Board named him chair for a two-year term on May 20, 2004. Parsky was also a member of President Bush’s Commission to Strengthen Social Security.