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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe killer cop story we never hear: HEDGE FUND MANAGER SHOT FOR SUSPECTED SALE OF FRAUDULENT DERIVAT
HEDGE FUND MANAGER SHOT FOR SUSPECTED SALE OF FRAUDULENT DERIVATIVESGoldman Sachs executive Oliver Dauphin was shot and killed today when he failed to respond to questioning by a police officer.
Dauphin was waiting for his limo at the curb outside the Bhutan Grill when police officer Damon Johnson overheard him on the phone, selling what sounded like a rent based derivative.
"I knew how much damage those mortgage back derivatives did to our economy and the world, so I wanted to ask some questions to find out if they were solid or another pump and dump fraud like the mortgage backed derivatives," said Johnson.
Johnson instructed Dauphin to hang up, so he could ask his questions, but Dauphin ignored him and walked a few feet away.
Johnson followed and took his phone out of his hand, ending his call.
Dauphin tried to grab his phone back, and Johnson said, "not until you answer some questions."
Dauphin became enraged and said, "Do you know who I am? Do you know who I am? I'm the guy who's going to get you fired. I'm going to make your life a living hell. You're dead!"
Johnson took his last statement as a threat, drew his revolver, and told Dauphin to put his hands on his head.
Rather than comply, Dauphin made a dismissive noise and reached inside his jacket.
Fearing that he may have been reaching for a weapon, Johnson opened fire, hitting Dauphin three times in the chest and once in the head.
A later search of his body found no weapon, only a wallet and a cigar.
Others in the finance industry were shocked by the shooting and demanded that the officer be fired or at least put on suspension pending an investigation.
The police chief said he had no plans to do so since the officer acted within department policy.
"A suspect wearing a long heavy coat like that could be hiding a shotgun, assault rifle or grenade launcher for all we know, so given his movements, the shooting was appropriate. Police officers deal with very dangerous people in this neighborhood who have been known to rob pension funds, bankrupt local and state governments, and even countries with their fraud. Given that threat, Officer Johnson acted appropriately."
He also said that a cigar had been stolen from a nearby bodega and it was very likely the officer could smell the tobacco. Johnson did not mention this in any of his own statements though.
Boomer
(4,168 posts)NYC_SKP
(68,644 posts)I'm going to rec your post now, then get back to looking at the ocean.
villager
(26,001 posts)NYC_SKP
(68,644 posts)Right?
villager
(26,001 posts)yurbud
(39,405 posts)Spitfire of ATJ
(32,723 posts)yurbud
(39,405 posts)villager
(26,001 posts)yurbud
(39,405 posts)Laelth
(32,017 posts)-Laelth
Nuclear Unicorn
(19,497 posts)onethatcares
(16,165 posts)now it has to go viral.
Quayblue
(1,045 posts)yurbud
(39,405 posts)Laelth
(32,017 posts)-Laelth
Uncle Joe
(58,328 posts)Thanks for the thread, yurbud.
gratuitous
(82,849 posts)I mean, sure, a shotgun, assault rifle or grenade launcher can be pretty tough stuff, but what if he'd been reaching for a reverse mortgage application? Officer Johnson couldn't afford to take that chance, could he? For more, we go to Sean Hannity and Bill O'Reilly in the Clusterfuck Room.
951-Riverside
(7,234 posts)Nuclear Unicorn
(19,497 posts)Pols pass laws. The privileged don't want the law to harm them and / or want the law to harm competitors. The pols realize that having a patron is beneficial to them. Soon it becomes an incestuous whirlwind.
xchrom
(108,903 posts)rurallib
(62,401 posts)but I'd better check, it is satire, isn't it?
In this goofy world it could be true.
rhett o rick
(55,981 posts)L0oniX
(31,493 posts)as if that could ever happen!
CanonRay
(14,093 posts)I knew this couldn't be true. Cops don't know anything about derivatives.
kimbutgar
(21,103 posts)I did a search of this guy at Goldman no one exists. This would have been in the news.
Sorry I would have heard this on CNBC or Bloomberg. I would love it to be true but I have my doubts about this story being true.
yurbud
(39,405 posts)AverageJoe90
(10,745 posts)I actually began to wonder if this might have happened. Bravo. nt
Oilwellian
(12,647 posts)socialist_n_TN
(11,481 posts)because it will never happen.
Good one yurbud!
tclambert
(11,085 posts)C'mon, there could be black bank executives, you know, in theory, some day.
Of course, then the cop wouldn't stop him to ask questions about suspect derivatives, he'd assume a black guy getting into a limousine was stealing the car.
yurbud
(39,405 posts)malaise
(268,846 posts)Brilliant
Rec - and then some
yurbud
(39,405 posts)malaise
(268,846 posts)Voice for Peace
(13,141 posts)though I like the Onion on principle, it rarely makes me
laugh like this. Or Borowitz. This is good like Borowitz.
LloydS of New London
(355 posts)RagAss
(13,832 posts)Ichingcarpenter
(36,988 posts)Which is what really happens with corporate crime
http://www.democraticunderground.com/10025427334
Great Post it connects my post to yours.
Sparhawk60
(359 posts)I may have to rethink my position on killings by cops... I say we give this cop a pass on this one. lol
valerief
(53,235 posts)yurbud
(39,405 posts)valerief
(53,235 posts)yurbud
(39,405 posts)annabanana
(52,791 posts)justice is what justice does
TBF
(32,029 posts)for about 10 years.
KansDem
(28,498 posts)But this narrative really drives the point home...
tclambert
(11,085 posts)Nah, they would order their personal assistants to attend protest marches for them.
yurbud
(39,405 posts)for secret societies:
http://professorsmartass.blogspot.com/2005/04/retired-bush-valet-w-has-never-wiped.html
blackspade
(10,056 posts)The grenade launcher was a nice touch.
malaise
(268,846 posts)It's great
Voice for Peace
(13,141 posts)..don't know what else to nominate it for, but it sure is good.
Funny, but not.
yurbud
(39,405 posts)Voice for Peace
(13,141 posts)no matter how well it is written.
Enthusiast
(50,983 posts)Jack Rabbit
(45,984 posts)I have to admit it brought out a dark side of me that would call it justifiable homicide.
The police officer, I'm sorry to say, would be fired. He had no probable cause to confront Mr. Dauphin, who was committing no crime. Congress has repealed laws against fraud over the last thirty years, and no president ever vetoed one.
RoccoR5955
(12,471 posts)It's so good it deserves thievery!
cantbeserious
(13,039 posts)eom
MustBeTheBooz
(269 posts)Well done.
DrewFlorida
(1,096 posts)Great analogic story.
RufusTFirefly
(8,812 posts)Great job, yurbud!
raouldukelives
(5,178 posts)It's OK to spend months undercover and tens of thousands of dollars to bust the most miniscule marijuana deals. Yet you'll never read about our justice system doing that to the ones doing the most damage to our country and our world. The ones who are the biggest threat to Life, Liberty and the Pursuit of Happiness for us and our children.
Everything is lined up most harshly against the least in this country. All doors are open and all hands scrape at the feet of the gilded lily's of corporate America.
The hits will keep coming and they will be much harder. They need more & more to insulate themselves from the damage they do. They must create more suffering in order to insulate themselves further from the horrors they unleash upon us and our natural world. It is locked in a self-replicating cycle of more money so they can further defend themselves from facing justice for the atrocities they have committed.
They are killing America, Democracy and our environment at a stunning pace. One can join em, one can ignore em, one can fight them but one can't play nice with them and appeal to a sense of ethics or morals. They lack even the most basic understanding of anything but more for them even if that means less for you, and for many, far from being a bad thing, that's an added feature.
yurbud
(39,405 posts)Money, which would certainly be fair since it's done to lower level drug dealers.
Imagine if they had a roving wiretap on one of these guys, and heard him discussing a shady deal at a friend's house in Marthas vineyard. Not only would the basket lose alk his money and stuff, but the friend would lose his house, and anybody at pay would probably lose the cars they drove there.
Since the damage caused by their non-drug dealings is at least as harmful add the drug ones, those methods should be applied here as well.
Blue_Tires
(55,445 posts)Response to yurbud (Original post)
airplaneman This message was self-deleted by its author.
cascadiance
(19,537 posts)... and perhaps what would happen if they got the same punishment that Michael Brown did...
http://www.democraticunderground.com/10025392707
Response to yurbud (Original post)
Sam1 This message was self-deleted by its author.
Dark n Stormy Knight
(9,760 posts)to be excused.