FOR IMMEDIATE RELEASE
NEW YORK, July 8, 2014 – Kenneth E. Mahaffy, Jr., a man whose conviction in the alleged ‘Squawk Box’ case was overturned files notice with the United States Department of Justice and Securities and Exchange Commission alleging false arrest, malicious prosecution and related claims.
Mahaffy, accuses prosecutors from the Department of Justice and Securities and Exchange Commission of acting in collusion with Merrill Lynch and Smith Barney to maliciously prosecute him for alleged “front-running” when they knew there was no legal basis for such claims.
According to the claim, Mahaffy seeks $150 Million dollars in damages because he claims to have sustained substantial damages to his business and reputation.
“Unfortunately, Mr. Mahaffy’s constitutional rights were trampled upon for others self-interest. Former employers Merrill Lynch and Smith Barney offered up Mr. Mahaffy as a sacrificial lamb to protect its business from potential litigation with the Securities and Exchange Commission when they already knew his conduct was lawful, then failing to provide him with a legal defense consistent with their employment policies. Essentially, Merrill Lynch and Smith Barney actively assisted the Department of Justice and Securities and Exchange Commission with pursuing these “bogus” claims against him. More disappointing, the federal court failed him after Brady violations were exposed, the Court refused to vacate his conviction, and save for the actions of the Second Circuit, Mr. Mahaffy would have been another falsely convicted citizen. Finally, adding insult to injury, the Securities and Exchange Commission then revoked Mr. Mahaffy’s broker’s license, related to the same failed prosecution theory,” says Eric Sanders.
Since Mr. Mahaffy’s failed prosecution, Merrill Lynch has continued to operate and grow market share in the markets. Smith Barney changed hands several times, now operates as Morgan Stanley Smith Barney and continues to operate and grow market share in the markets. The federal prosecutors moved on with their careers including the supervising prosecutor who now sits as a federal judge in the Eastern District of New York.
“Not one person was held accountable for violating Mr. Mahaffy’s constitutional rights,” says Sanders.
About The Sanders Firm, P.C.
The Sanders Firm, P.C. offers those in the New York City area legal services related and connected to civil rights, civil service rights, criminal law and discrimination. We firmly believe in everyone’s individual rights that are described and guaranteed by the Constitution of the United States of America. We understand that our freedoms and liberties are sacrosanct and that they have been won in many and various hard-fought battles. We are committed in every way to protecting your civil rights.
Eric Sanders, Esq.
President and Owner, The Sanders Firm, P.C.
Business Phone: 844-839-8077