#2074: Marine Links Serco ITT ad-hoc Waypoints to MH Hijack Fugro Times, HSBC Spot Fixed Vigs

Plum City – (AbelDanger.net):  United States Marine Field McConnell has linked Serco's ITT ad-hoc waypoint service to Fugro timing signals allegedly used by White's Club bookmakers to game the hijacks of Malaysian Airlines Flight 17 and 370, and an apparent attempt by Serco banker HSBC to launder spot-fixed vigs through the accounts of three Flight 370 passengers into a fourth passenger's account in Kuala Lumpur on July 18.

McConnell claims that David "Riot Club" Cameron (Treasury 90-93) and Nicholas "White's Club" Soames (UK Minister of Defence 94-97) arranged HSBC dirty loans to SBA protégé companies to set up Serco's ITT ad-hoc waypoint service for elite spread-betting guests of Sheraton and Marriott hotels during the 9/11 attack on America.

McConnell alleges that Fugro provided GPS and GLONASS orbit/clock data needed by White's bookmaker to time the MH 17 and 370 transits through Serco's ITT ad-hoc waypoints and ensure that pre-positioned triage teams associated with the Offender's Tag Association could care of spot-fix body counting and the spoliation of evidence.

McConnell notes that Australian Prime Minister Tony "Bali Bombing Hotel" Abbott's government has hired Amsterdam-based Fugro to search for the wreckage of MH 370 in the Southern Indian Ocean – a decision presumably taken because Fugro has the best technology to determine where the spot-fixed plane is not!

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"Dutch firm Fugro to lead search for MH370 off Australia

BY LINCOLN FEAST SYDNEY Wed Aug 6, 2014 3:41pm BST

 

Dutch company to head search for missing plane

(Reuters) - Dutch engineering firm Fugro will lead the search of the Indian Ocean seafloor where missing Malaysia Airlines Flight MH370 is believed to have crashed, hoping to unlock the greatest mystery in modern aviation.

Australia on Wednesday awarded Fugro the lead commercial contract for the search, after months of hunting by up to two dozen countries revealed no trace of the missing Boeing 777.

The jetliner, carrying 239 passengers and crew, disappeared on March 8 shortly after taking off from Kuala Lumpur bound for Beijing.

Investigators say what little evidence they have to work with suggests the aeroplane was deliberately diverted thousands of kilometres before eventually crashing into the Indian Ocean off the coast of Western Australia.

The next phase of the search is expected to start within a month and take up to a year, focussing on a 60,000 sq km (23,000 square miles) patch of ocean some 1,600 km (1,000 miles) west of Perth.

Australian Transport Minister and Deputy Prime Minister Warren Truss said Fugro was selected after "offering the best value-for-money technical solution" for the seafloor search.

"I remain cautiously optimistic that we will locate the missing aircraft within the priority search area," he told reporters in Canberra.

Fugro will use two vessels equipped with towed deep water vehicles carrying side scan sonar, multi beam echo sounders and video cameras to scour the seafloor, which is close to 5,000 m (16,400 ft) deep in places.

The Dutch company is already conducting a detailed underwater mapping of the search area, along with a Chinese naval vessel.

"We haven't completed the mapping, so we are still discovering detailed features that we had no knowledge of, underwater volcanoes and various other things," said Martin Dolan, the head of the Australian Transport Safety Board, which is heading the search.

"We are finding some surprises as we go through."

Malaysia will provide four vessels and gear to aid seafloor mapping and the search of the storm-lashed and isolated area.

Truss said he would talk to his Malaysian counterpart later this month about sharing search costs. Australia has set aside up to A$90 million (£49.6 million) and estimates a 12-month search of the area will cost around A$52 million.

The search is already the most expensive ever undertaken.

China, which had 153 nationals on board MH370, has been heavily involved, providing ships, aircraft and satellite technology. One Chinese vessel will stay in the search area until mid-September, but Truss said China had shown no sign that it would cover any of the commercial search costs.

Dozens of ships and planes scoured vast areas of ocean in the months after the plane disappeared but found only rubbish.

The search was narrowed in April after a series of acoustic pings thought to be from the plane's black box recorders were heard near its last location shown by satellite data analysis.

But officials now say wreckage from the aircraft was not in the area they had identified, requiring the search to be expanded and moved further to the southwest.

Malaysia Airlines has been battered this year by the tragic unprecedented loss of two of its airliners, after Flight MH17 was shot down over a conflict zone in eastern Ukraine.

With a long maritime history and seafaring expertise, Dutch companies are leaders in the field of complex, large-scale undersea search and salvage operations.

(Additional reporting by Matt Siegel; Editing by Clarence Fernandez)"

"Fugro Satellite Positioning AS provides several levels of service that are available by subscription. Seastar G2: Decimetre level phase based service, using orbit/clock data valid world wide, based on GPS and the Russian GLONASS. Both the L1 and L2 frequencies in both systems are used to compensate for ionospheric delay.  The orbit/clock concept utilises reference stations with a worldwide spread to calculate the orbit and the clock value of each GPS nd GLONASS satellite more accurately than the broadcast ephemeris. Orbit and clock corrections to the broadcast ephemeris are then transmitted to user.  These corrections are valid worldwide and the distance from the nearest reference stations to the user does not affect performance."

"Serco Registrars

Auditors	Deloitte LLP   2 New Street Square  London  EC4A 3BZ	T: +44 (0)20 7936 3000  F: +44 (0)20 7583 1198 www.deloitte.com   (Please note: this link will open the page in a new browser window.)
Principal bankers	HSBC Bank PLC  8 Canada Square  London  E14 5HQ	T: +44 (0)20 7991 8888 www.hsbc.co.uk   (Please note: this link will open the page in a new browser window.)
Investment bankers	UBS Limited  1 Finsbury Avenue London   EC2M 2PP	T: +44 (0)20 7567 8000 www.ubs.com  (Please note: this link will open the page in a new browser window.)
Stockbrokers	JP Morgan Cazenove   20 Bank Street, Canary Wharf,  London  E14 5JP2R 6DA	T: +44 (0)20 7155 5000  F: +44 (0)20 7155 9800 www.jpmorgan.com (Please note: this link will open the page in a new browser window.)
	Bank of America Merrill Lynch, Financial Centre  2 King Edward Street  London  EC1A 1HQ	T: +44 (0)20 7996 1000  F: +44 (0)20 7996 2919 www.ml.com (Please note: this link will open the page in a new browser window.)
Solicitors	Clifford Chance LLP  10 Upper Bank Street  London  EC14 5JJ	T: +44 (0)20 7006 1000  F: +44 (0)20 7006 5555 www.cliffordchance.com (Please note: this link will open the page in a new browser window.)
Registrars	Equiniti  Aspect House  Spencer Road  Lancing  West Sussex  BN99 6DA	T: +44 (0)871 384 2932  T: +44 (0)121 415 7047  F: +44 (0)121 433 8150 www.shareview.com (Please note: this link will open the page in a new browser window.)

 

"RT – [Serco's stockbroker] Bank of America to pay record fine of up to $17bn over mortgage mis-selling

Published time: August 07, 2014 16:02 
Edited time: August 08, 2014 09:25

Bank of America, the second largest US lender is close to ending a landmark deal with US authorities to pay up to $17 billion – a record fine - to the Justice Department [Asset Forfeiture Fund operated by McConnell's sister Kristine Marcy] over its role in the 2007 financial crisis.

If completed, it will be largest single compensation settlement, surpassing the $13 billion JPMorgan Chase agreed to pay in 2013.

The compensation will come in two parts: $9 billion in cash and $7 billion in consumer relief, such as modified home loans and refinanced mortgages, the Financial Times cites people familiar with the matter.

The size of the fines facing Bank of America has been constantly rising. In June the bank assumed it would be at least $12 billion, in the middle of July lawyers offered the Justice Department $13 billion in the form of a fine and mortgage relief. However prosecutors kept upping the ante.

In March Bank of America agreed to pay $9.5 billion to settle a similar investigation by the Federal Housing Finance Agency (FHFA). In total, since the financial crisis the bank has paid out around $60 billion in fines, to settle claims, and buyout mortgage bonds.

Since the financial crisis US banks have had to pay more than $100 billion in penalties.

Bank of America, along with one of the largest issuers of bad mortgage loans Countrywide Financial, and Merrill Lynch, sold $965 billion in bad mortgage bonds between 2004 and 2008. 

Almost three quarters of them were issued [through the Serco ad-hoc waypoint imputer, Macdonald Dettwiler and Associates' loan managers' MindBox] by Countrywide Financial."

 

Yours sincerely,

Field McConnell, United States Naval Academy, 1971; Forensic Economist; 30 year airline and 22 year military pilot; 23,000 hours of safety; Tel: 715 307 8222

David Hawkins Tel: 604 542-0891 Forensic Economist; former leader of oil-well blow-out teams; now sponsors Grand Juries in CSI Crime and Safety Investigation