He falsified the documents to make it look like it was done while he was still in charge, but in fact he was a bogus director using fake documents to move very real and valuable assets beyond the reach of the taxpayer-owned bank.
"It's obvious that the whole concern about youth drug abuse is bogus," said Dale Gieringer, director of the National Organization for the Reform of Marijuana Laws' chapter in California, where residents will vote on recreational pot in November.
These bogus paranormal efforts are what artist and director Meredith Danluck took as inspiration for her commissioned installation at the Venice Biennale.
Human Rights Watch's deputy south-east Asia director, Phil Robertson, described the conviction as "bogus".
"These defendants used modern technology to create professional-looking, bogus documents that supported their extraordinary claims," Rose Romero, director of the S.E.C.'s Fort Worth office, said in the statement.
"The claim that this is a truly philanthropic motive is bogus — it's beyond credulity," said Meredith McGehee, policy director at the Campaign Legal Center in Washington, a nonpartisan group that monitors campaign finance and ethics issues.
If these organizations crack down either legally or financially on executives and directors who make stock trades on top of bogus or questionable books, it would send a swift message to others trying to cheat the system.
The Forastiere home's director, Frank Forastiere, counters that Wartel's assertions are bogus.
It is a bogus argument when Republicans claim that the CFPB under a single director would have too much power.
And Jack Gilles, director of public affairs for the Consumer Federation of America, said it was "bogus".
