NAAS Launches National Trademark Fraud Campaign

National Academy of American Scholars (NAAS), its attorneys, investigators, NAAS DEIA agents, are mounting an aggressive world-wide multi-media campaign to investigate and prosecute groups and persons who claim or imply affiliation, approval by, and/or accreditation by National Academy of American Scholars (NAAS). We are investigating the fraudulent misuse of the world famous 'NAAS' mark, counterfeiting of the famed 'NAAS' logo, and global piracy of 'NAAS' intellectual property.

We are investigating attorneys who aid, assist, abet, or provide material support to criminals in furtherance of violating U.S. federal laws, and who accept monies from blatant trademark infringers.

NAAS has teamed up with the global anti-piracy STOP initiative developed by the U.S. Patent & Trademark office, and other agencies that combat intellectual property theft.

We are pursuing the criminal prosecution of trademark infringers, the manufacturers of fake 'NAAS' logos, the manufacturers of counterfeit 'NAAS' t-shirts, companies and organizations that illegally use the 'NAAS' mark on their websites, and their co-conspirators.

Non-profit organizations, donors, web hosting companies, universities, data repository companies, and advertisers that sponsor, fund, or provide material support to offensive trademark infringers are also targets of scrutiny, and possible litigation.

The choice is simple: If you do not have an official NAAS License, cease and desist your use of the 'NAAS' mark or remove ALL references of the mark from your literature and website.

We intend to track down, locate, identify, and prosecute each and every person(s), group(s), and agencies who violate U.S. federal laws with regard to matters concerning NAAS. There is no person or agency that will be spared scrutiny if they are perceived as violating the intellectual property rights of National Academy of American Scholars (NAAS).

The known principal organizations and persons currently under both criminal and civil investigation with respect to matters concerning this topic are:


a.
David G. Steadman, President
Northwest Association of Accredited Schools
1510 Robert St., Suite 103
Boise, ID 83705-5194
URL: http://www.northwestaccreditation.org/; and, throughout their website.
#Northwest Association of Accredited Schools, encourages their respective State commitees, sub-groups, and alleged ‘NAAS’ accredited schools to engage in the same conduct that itself is under investigation for;


b.
Joan Messer
American Junior Academy of Sciences
900 S. Court
Ellisville, MS 39467
URL: http://www.amjas.org/index.php
URL: http://www.amjas.org/about.php
URL: http://www.amjas.org/
#Joan Messer is a professor at Jones County Junior College. The American Junior Academy of Sciences is suspected of a wide variety of offenses, including trademark infringement, and defrauding donors by improperly inducing the same with fraudulent references to 'NAAS'.


b.
Dr. Don Jordan
College of Arts & Sciences,
University of South Carolina
323 Sumwalt
Columbia, SC 29208
URL: http://www.cas.sc.edu/cse/jordan/
#Don Jordan is a professor at the University of South Carolina. He illegally and fraudulently implies that his organization is approved by and/or endorsed by NAAS. His colleagues have dropped use of the 'NAAS' mark, but he has thus far failed to respect U.S. Trademark laws.

c.
Attn: Dr. James J. McCarthy
The American Association for the Advancement of Science
1200 New York Avenue NW
Washington, DC 20005
URL: http://www.aaas.org/programs/education/naas.shtml
#This organization is staffed by persons who are employees of universities and colleges that are also members of National Association of Student Financial-Aid Administrators (NASFAA); the members of this organization has an extensive history of student-loan fraud, and crimes related to financial-aid.

d.
Attn: Gary Kipp, Executive Director
Association of Washington School Principals
1021 8th Ave. S.E.,
Olympia, WA 98501-1500
This group is associated with Northwest Association of Accredited Schools. Collectively, they encourage their respective State commitees, sub-groups, employees, and illegally-named ‘NAAS’ accredited schools to engage in the same conduct that itself is under investigation for.


Many of the these persons and organizations have direct ties to National Association of Financial-Aid Administrators (NASFAA) or its counterpart National Association for College Admission Counseling (NACAC). NAAS Media Reports detail that these organization are typically a base or breeding ground for financial-aid criminals, student-loan fraudsters, and loan-steering. Both of these organizations have been repeated subjects of past NAAS NEWS Media reports.

As of the date of this posting, the groups named above appear to be the most blatant, offensive, deceitiful, and persistent violators and infringers of the 'NAAS' mark. None of there persons have been qualified or authorized to use the world-famous 'NAAS' mark in commerce. Their use of the 'NAAS' mark is illegal.

NAAS QUOTE:
Honest and ethical persons need merely to be reminded of the need to follow the law, and they will comply; whereas, criminals need to be handcuffed, publicly embarrassed, and/or ordered by a court of law to comply with the same instructions

Banks depositing more funds in MFs due to lower loan off take

Although banks are reducing the interest rates on loans but the loan demand has to yet to pick up. Therefore banks are investing their surplus funds in mutual funds (MFs).

With loan demand yet to pick up, banks are parking a chunk of their surplus funds with mutual funds (MF). For the first fortnight of the current fiscal (FY10), banks have invested over Rs 40,000 crore in MF schemes thus the amount is over and above the Rs 80,000 crore they have invested into government bonds.

As per the latest figures given out by the Reserve Bank of (RBI), between March and April 10 commercial banks have collectively invested Rs 40,423 crore in various MF schemes, stimulating their total exposure to MFs to Rs 85,557 crore. The combined investment in government paper and other approved securities stands out to be Rs 82,074 crore. In comparison to this banks have lent only Rs 1429 crore in the fortnight.

Arvind Chari, fixed income portfolio manager of Quantum Mutual informed, “Banks cannot keep all their money in RBI’s daily money market operations since returns here are less than their cost of funds”. Banks make 3.25% through RBI’s liquidity window. He added, “Liquid funds that are fetching returns of 5-5.5% and short-term income plans delivering about 6% are a good alternative”.

Banks are compulsorily required to invest 24% of the deposits they raise in a fortnight in government and other qualified bonds. These investments are known as statutory liquidity ratio (SLR) investments. By April 10, banks had invested 7% extra (31% of deposits) in government bonds.

Of the non-compulsory investments, mutual funds appear to be the apparent choice for most banks.

Ashok Khajuria, head of treasury at IDBI Bank pointed out, “A bank may not have headroom to buy debt of another bank because of RBI regulations”. He added, “Mutual funds offer an easy and reasonably safe way to invest in such debt”. He explained that the rating agencies keep check on the MF investments which gives further comfort.

Majority of the banks have an internal policy for investing in MFs that place down in which fund houses the bank can invest and how much.

Bankers are of view that most of the investments are going into liquid schemes as these offers an instant exit with no penalty. Liquid funds make their profits by investing in treasury bills and bank CDs, in addition to lending in the CBLO market.

In October the interest rates were very high, thus the liquid funds delivered almost 9-10% returns. But, with RBI cutting rates in the past few months, their average annual returns have reduced to almost half of that figure.

Honorable Boise State University

Boise State University drops phony 'NAAS' accrediting agency. With little prodding, Boise State University is to be commended for deleting all references to the misuse of the 'NAAS' mark on its website, and deleting the multiple false claims made by Northwest Association of Accredited Schools. If only the U.S. Attorney of Idaho, and the other agencies and universities that support Northwest, were as honorable, perhaps a series of NAAS media reports would not be necessary.

Since the U.S. Attorney of Idaho apparently is a person who cannot be trusted to enforce federal laws, and who is apparently incapable of protecting the citizens of that state, hundreds of Idaho citizens and thousands more have called upon National Academy of American Scholars (NAAS) to resolve marketplace confusion, investigate 'NAAS' accreditation scams, and to enforce the perception that U.S. federal laws actually mean something.

Many Idaho residents believe that the Idaho Dept. of Education is nothing more than a corrupt rubber-stamp alter-ego of Northwest Association of Accredited Schools. It is unclear to many Idaho residents whether or not Northwest Association of Accredited Schools is a branch of Idaho government. Judging from the commingling of assets and use of the Idaho government page, it is believed that the Idaho Dept. of Education is run by the same suspicious gang that is employed by Northwest Assocation of Accredited Schools. It is this incestuous relationship that the U.S. Attorney of Idaho may be trying to conceal and protect. Northwest Association of Accredited Schools is NOT a branch of any government.

An argument can be made that Northwest Association of Accredited Schools is engaging in illegal conduct, and is deliberately attempting to confuse consumers about the origin of its phony 'NAAS' products and services.