Monday, February 01, 2010
Martin has been called on by the Joint Economic Council of Congress to testify on economic issues, as well as the Brady Commission, where he was invited to share his views on the 1987 market crash (which he predicted using his computer models far in advance of the crash). Martin Armstrong has often been quoted by news organizations such as the New York Times, Wall Street Journal and Bloomberg. He has also appeared on CNBC and other financial broadcasts sharing his views. Martin has devoted his time to analyzing financial markets, studying the history of business cycles, market crashes and world monetary systems.
In September, 1999, Martin was accused of securities fraud stemming from business he and his companies conducted in Japan. Within a matter of weeks Martin was facing various charges and counts of securities fraud related to an alleged billion dollar ponzi scheme in which Martin was accused of stealing from individual Japanese clients, which Martin fought for nearly seven years without a trial before finally pleading guilty to only one count of a much lesser charge in August 2006, all the while being held in prison under a civil contempt charge since January 2000 in the parallel civil case with the SEC and CFTC. In April 2007 Martin was sentenced to an additional five years in prison without any credit for the seven plus years he had spent in civil contempt. There are many more details about Martin’s legal case, and over time this website will provide more information for your reference.
Martin is currently being held in federal prison, where he is typing his essays on an old-fashioned typewriter as he has no access to a computer, Internet or email. Martin is unable receive phone calls, but he can receive mail (only letters and soft cover books, all hard cover books must be sent directly from place of purchase, such as Amazon.com). If you’d like to send Martin a letter you can do so at the follow address:
Martin Armstrong #12518-050
Fort Dix, NJ 08640
Posted by Russ at 4:57 PM