Allegations of Huge Morgan Stanley Fraud Could Point to Some Local Orlando Busin

essmen and Attorneys

Sanford business owner Jack Hutchings, and his Orlando Attorney David H. Simmons
could be involved in some of the most recent fraud allegations involving Morgan
Stanley. An Orlando Federal Civil RICO lawsuit names Morgan Stanley and others.
Orlando, FL, May 19, 2010 -- Robert Knowles AIPress reporting:
A federal civil RICO lawsuit in the middle district of Florida may give insight
into what authorities could be investigating surround Morgan Stanley fraud. The
Federal lawsuit, and a companion suit out of Seminole County alleges Morgan Stan
ley gave covet IPO shares to prostitutes for business man James L. Hutchings (Wo
rth Estimated 400 million) to hide the payoffs from Hutchings wife Barbara Jean.
The original suit was filed by Hutchings in Seminole county after his 20 year p
artner, and once Orlando Nightclub/Bar owner James Adamczyk became aware of Hutc
hings fraudulent business practices. Adamczyk's Civil Rico suit in federal court
, and his counter suit in Seminole County Court allege Morgan Stanley used IPO's
(Initial Public Offerings) as payoff's to some ultra high net worth individuals
. The allegations in the law suit state that Morgan Stanley executives would iss
ue IPO's to individuals, and Adamczyk as payment for coordinating luxurious trip
s to Costa Rica to attend wild parties.
Adamczyk alleges in his lawsuits, that in 2007 he and Hutchings had a dispute in
Costa Rica over Hutchings becoming an alleged pedophile with girls as young as
13 in the third world country. Hutchings, displeased that Adamczyk would not par
take in his transportation of minors from Columbia to Costa Rica, told his close
friends and executives at Morgan Stanley to fraudulently shut down Adamczyk's M
organ Stanley account and liquidate all of his assets and stocks over to Hutchin
gs. Because Hutchings is one of Morgan Stanley's biggest clients they go on to v
iolate all United States banking laws, and do as Hutchings requests. Thus, costi
ng Adamczyk millions of dollars and leaving him with no options in a third world
country. Hutchings then holding all of Adamczyk's assets, and in collusion with
Morgan Stanley force Adamczyk to sign a non-disparaging settlement agreement in
Costa Rica for money to leave the country.
Other defendants in Adamczyk's colorful Federal suit, point out that Hutchings h
ad fraudulent business practices with General Motors and Chrysler before the fed
eral bailout. Alleging that executives from these companies all partook in atten
ding wild parties in Costa Rica. Adamczyk also attaches emails from executives r
equesting that he make sure some charges are covered up on their corporate credi
t cards. Hutchings, who made a fortune in the automotive industry, currently use
s former State Representative David Simmons (R) as his attorney. David Simmons,
who also will be running for Senate in 2010 (www.dsimmonsforsenate.com), is no s
tranger to protecting corruption as he once represented convicted felon (and ano
ther alleged pedophile) Lou Pearlman. Lou Pearlman if you don't remember is the
once Church Street owner, and CEO of Transcontinental. He is serving a 25 year s
entence for a ponzi scheme to defraud elderly investors out of their life saving
s. Although no charges where brought against David Simmons in the Lou Pearlman s
candal, he is facing allegations of collusion in the Hutchings scandal.
Other documents accompanying Adamczyk's federal lawsuit include Hutchings CFO Bi
ll Hood forging w-2 forms for non-employees, so that Hutchings family & friends
could escape having to pay large medical bills. Additional emails to Adamczyk wh
ile employed with Hutchings show that Hutchings is running an all cash helicopte
r business in Costa Rica. Hutchings and his CFO falsify the flight logs, and sti
ll write off everything to the U.S. Government.
It's an on going investigation, and Federal, State and IRS investigators have be
en sorting through the thousands of pages of documents in these cases. The Morga
n Stanley executives that perpetrated the fraud are named in Adamczyk's lawsuits
. Thomas Cleary and Robert Whittington now are former Morgan Stanley executives
since the lawsuit was filed, and have strategically moved to another alleged cor
rupt organization UBS. UBS if you are not aware is the Swiss banking giant that
recently was found guilty of fraud and ordered to pay the IRS a $770 million dol
lar fine. Morgan Stanley, and Hutchings fines are unknown at the moment, but we
can see the newspaper headline when the U.S. Government if and when hammers thes
e guys - It will read "IPO's for HO's"
Read the original Morgan Stanley article HERE ( http://online.wsj.com/article/SB
10001424052748704250104575238680672738838.html?mod=WSJ_newsreel_business )
Press Contact:
Robert Knowles
ItsMyOrlando.com
Orlando, FL
robert.knowles57@ymail.com
http://www.itsmyorlando.com