* The Leslie Brodie Report urges the readers to exercise caution and not jump to conclusions regarding misconduct by anyone.
We are carefully following a major developing story out of California involving the multinational conglomerate holding company Berkshire Hathaway, as well as Charlie Munger and Ron Olson of Los Angeles-based Munger Tulles & Olson.
Sources with knowledge of the inquiry, speaking on condition of anonymity, maintain a red flag has been raised over Berkshire Hathaway, Charlie Munger and Ron Olson due to the overall circumstances surrounding California Bar Foundation, CaliforniaALL, Obama for America, Jeff Bleich, Bradley Phillips, and Mary Ann Todd.
According to the sources, the multi-prong investigation is rapidly expanding and encompasses broader inquiries than had been acknowledged up to now to The Leslie Brodie Report.
A source maintains that one aspect of the inquiry involves 4 subparts:
1) Circumstances surrounding Munger Tolles & Olson, Jeff Bleich, Henry Weissmann, Ron Olson, and Charlie Munger.
2) Circumstances surrounding alleged inconsistencies, fraud, constructive fraud, misrepresentation, breach of fiduciary duty, aiding and abetting in the breach of fiduciary duty, violation of trust and self-dealing, as well as related irregularities by Verizon Foundation and/or California Bar Foundation.
3) Circumstances surrounding Berkshire Hathaway, Edison International, Obama for America, and CaliforniaALL.
This latest development comes in the aftermath of recent revelations involving operative for “Obama for America” — Steven Churchwell of DLA Piper in Sacramento — where CaliforniaALL was conveniently housed free of charge.
As matters presently stand, it appears that in 2008 Morrison & Foerster attorneys James Brosnahan (self-proclaimed “mastermind behind the Democratic Party.), Tony West (Barack Obama’s Chair of California Finance Committee), Chris Young (“Obama for America” Northern California Deputy Finance Director) and Annette Carnegie (former director with the California Bar Foundation) in conjunction with Kamala Harris (Co-Chair, Obama for America ; member of CaliforniaALL) , Jeffrey Bleich (president of the State Bar of California, director with the California Bar Foundation, founding member and Chair of Barack Obama’s National Finance Committee) executed a sophisticated financial scheme to misuse all or part of the “hush-hush” $780,000.00 originating from the California Bar Foundation by improperly transferring the money to Barack Obama’s coffers via a separate foundation created ad hoc by Susan Mac Cormac of Morrison & Foerster, CaliforniaALL.
Other then collecting close to $2 million directly from utility companies (including the “hush-hush” transfer of $774,247, comprised of one installment of $5000 and another contribution of $769,247 from the Foundation which was never mentioned in the Foundation’s “newsroom” or by any other of its publications such as the California Bar Journal or by any of the newsletters and alerts published by CaliforniaALL), CaliforniaALL appears to have been be a sham, phantom entity from its inception in 2008 to the day it began to slowly be dissolved in approximately 2009, subsequent to the election of Barack Obama as president of the U.S. Its only alleged achievement was providing some money for the creation of the Saturday Academy of Law at UC Irvine (“SALUCI”) in approximately 2008-2009. Here too vast and intense suspicious circumstances exist as the funds from CaliforniaALL actually went to the UC Irvine Foundation, where the present executive director of the State Bar of California (Senator Joe Dunn) serves as a member of the audit committee, and it turns out that the SALUCI was actually already created in 2005 and was fully operational before CaliforniaALL arrived on the scene.
Bleich served as a director with the Foundation in approximately 2007-2008, as well as president of the State Bar of California. In 2007, Mr. Bleich established Barack Obama’s National Finance Committee and served as its Chair.
He is a personal friend of President Obama, who served as President Obama’s personal attorney and subsequently was appointed as the U.S. Ambassador to Australia. Prior to joining the Obama administration, Mr. Bleich was a partner with the San Francisco office of Munger Tolles & Olson, which represents client Verizon Wireless.
Out of close to 230,000 lawyers in California, also serving as a director with the Foundation in approximately 2007-2008 was another attorney from Munger Tulles Olsen, Mr. Bradley Phillips. Presently, Ms. Mary Ann Todd (also of Munger Tolles & Olson) is a director with the Foundation.
According to Wikipedia, Charles Thomas Munger (born January 1, 1924, in Omaha, Nebraska) is an American business magnate, lawyer, investor, and philanthropist. He is Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by Warren Buffett; in that capacity, Buffett describes Munger as “my partner.” Munger served as chairman of Wesco Financial Corporation from 1984 through 2011 (Wesco was approximately 80%-owned by Berkshire-Hathaway during that time). He is also the chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.