After rising to prominence for his work protecting the investments of over seventy million Americans, Matthew D. Hutcheson found himself on the receiving end of a federal indictment; ironically, allegedly for stealing from those investors whom he was acclaimed for protecting.
The government’s story against Hutcheson was a complete fabrication.
What Happened?
It is apparent from the dearth of clear and complete local reporting, along with the abundance of online misinformation attempting to explain Hutcheson’s story, that the truth has never been told.
All information available from local news articles, and other articles derived therefrom, parrot only the narrative presented by the Obama Administration’s Financial Fraud Enforcement Task Force (“FFETF”), created by executive order by President Obama on November 17, 2009.
The FFETF is now under scrutiny by the United States Senate and House of Representatives for a malicious fraud perpetrated upon the American people resulting in the incarceration of 15,000 innocent small business owners.
Who Was Behind the Task Force?
The driving force behind the FFETF’s creation happened to be none other than then Attorney General, Eric Holder, then FBI Director, Robert Mueller, then Deputy FBI Director, James Comey, and then General Counsel to Robert Mueller, Andrew Weissmann; the same individuals who falsely prosecuted former Senator Ted Stevens from Alaska.
With the exception of Holder, those individuals are the same ones behind the creation of the FFETF, and are the same individuals at the heart of the current FISA warrant scandal which led to the Russia-collusion probe against President Donald J. Trump.
Hutcheson’s Story
Hutcheson’s story began in 2004 while helping members of Congress and reporters understand how Wall Street made its money. As the nation’s top pension investing expert, his expertise was in constant demand.
In 2005, the law firm Schlichter, Bogard, and Denton contacted and retained Hutcheson for his expertise.
In 2006, armed with knowledge from Hutcheson, the Schlichter law firm launched what many in the financial industry viewed as legal Armageddon against companies such as Lockheed Martin, International Paper, John Deere, Fidelity, and others, in the form of class action lawsuits for breaches of fiduciary duty.
Consulting payment and email records reveal that Hutcheson’s advice to the St. Louis law firm continued after the lawsuits were filed. Jerome Schlichter, managing partner of the firm, warned Hutcheson that he would have a target on his back from that point forward.
Schlichter’s statement proved prophetic.
Hutcheson’s Advice to Congress
In early 2007, Hutcheson began advising the United States House of Representatives on matters involving the financial industry.
Shortly thereafter he began advising the United States Senate on the same matters.
In 2008, the bottom fell out of the economy.
From 2008 through 2011, Hutcheson spent most of his time with Congress advising it how to deal with the financial crisis, how to create new jobs and to preserve existing ones, how to bring transparency to Wall Street, and how to solve the health care coverage crisis.
Court records reveal that during a meeting in Washington D.C., sometime between late 2007 and late 2008, five federal lawmakers asked Hutcheson to do something for the United States economy, which by that time, was in a state of full-blown crisis.
Five Federal Lawmakers
Court records reveal that during the meeting, two members of the House, and three members of the Senate, asked Hutcheson to develop a pension-investing method based on a Clinton-era regulation which other trustees across the nation could utilize to create jobs and to preserve existing ones.
The five federal lawmakers involved were Ted Kennedy (D-MA), Herb Kohl (D-WI), Tom Harkin (D-IA), George Miller (D-CA), and Rob Andrews (D-NJ) – all members of the Health, Education, Labor, and Pensions (“HELP”) committees in the House and Senate, which Hutcheson advised.
The method would then be deployed in any local economy of Hutcheson’s choosing with the full support of those lawmakers. Court records show that congress trusted Hutcheson completely.
By late 2008, job creation was the nation’s number one priority. It remains so.
Tipping Point
In June of 2009, Hutcheson began the process of moving his family from the Portland, Oregon area, to the Boise, Idaho area.
It was during the process of that move that one of Hutcheson’s dearest friends nearly died in a motorcycle crash near Hells Canyon, Oregon.
It just so happened that Hutcheson and his family were in Boise when his friend was life-flighted to St. Alphonsus hospital, also in Boise.
Hutcheson and Annette, his wife, went to the hospital to see his friend, who was in ICU. While at the hospital, he met with his friend’s wife and two sisters.
Court records explain that with health care access already on his mind, seeing his friend in that condition was the tipping point for Hutcheson.
Hutcheson had been working on a health care solution for quite some time, even though he knew health care was a legacy issue for one of his Senator friends.
Hutcheson decided to accept the lawmakers’ request to develop a method for investing pension funds in local communities to create new jobs and to preserve existing ones.
As an actuary, Hutcheson chose to join job creation with his health care solution, a one-two punch.
Court records explain Hutcheson’s intent was to “solve one, solve the other” – meaning, “solve the job crisis, solve the health care crisis.”
He believed the two were inextricably connected.
He intended to help Idaho by launching the lawmaker-requested initiative there.
Triple Targets on His Back
Target number one: Hutcheson did not make many friends on Wall Street by revealing how sellers of retail investment products made more money from investors than had been disclosed. Helping the St. Louis Schlichter firm launch legal Armageddon did not help.
(It should be noted that Hutcheson says he has the utmost respect for Jerome Schlichter and his firm.)
Target number two: When Hutcheson discovered corruption within the Obama United States Department of Labor, he confronted a Deputy Assistant Secretary of Labor about it.
Target number three: In January 2010, Hutcheson launched the healthcare access solution, an alternative to what would later become Obamacare (the Affordable Care Act of 2010).
Three Targets Become One
Somehow the three different targets gelled into a single target. Court records state that the primary target on Hutcheson’s back was as the result of Save America™ because it was a threat to Obamacare.
The weaponization of the Obama Department of Justice for political purposes is a chilling thought, yet all Americans watched it happen. Some defend it. Some are paralyzed by it. Some were victimized by it. Hutcheson was one of those victims. There are at least 15,000 others.
Save America™ Was Not a Secret
Court records reveal that in his capacity as trustee, Hutcheson invested approximately 5.5 million dollars into jobs-creating enterprises and did so at the request of the five elected federal officials.
The investment, Court records show, was an alternative to Obamacare called “Save America™.” Hutcheson designed Save America™ to cover thirty million Americans without access to conventional health care services.
To accomplish what the five lawmakers asked him to do, Hutcheson engaged in transactions, acquisitions, and economic positioning expressly authorized and calculated by the Clinton-era regulation to improve the enterprise’s likelihood of success.
Not understanding any background about what was at stake, Hutcheson was mercilessly criticized by the prosecution, by some in the press, and by the uninformed.
Yet, not everyone in the press was ignorant about Save America™. The Retirement Income Journal knew Save America™ was Hutcheson’s project and wrote about it on August 4, 2010:
“‘Save America’ is the name of one of Matthew D. Hutcheson’s latest website projects, and the name alone gives you some idea of the scale and scope of this 40-year-old retirement industry entrepreneur’s transcontinental ambitions…As for his new website, “Save America,”…the homepage currently says: ‘Something exciting coming soon…’”
The Government’s Case Against Hutcheson is a Lie
The government claimed the invested funds were misappropriated for Hutcheson’s own personal benefit to support his “lavish lifestyle.” That type of language is what the government uses to manipulate and inflame the emotions of the jury pool.
It was upon that type of inflammatory language that the prosecution hung its entire case.
Everything Hutcheson did while living in the Boise, Idaho area was viewed and presented so narrowly, and unfairly, so as to attach the greatest impression of guilt.
Yet, it was all a lie.
Follow the Money from Point A to Point B
When such controversies arise, it is said one should, “follow the money.”
Court records show that Point A was two pension plans for which Hutcheson served as trustee.
The same court records also indicate that Point B was not at all what the government alleged, but rather, Save America™ itself owned by an Idaho Corporation named NRSP Management, Inc.
The government’s own witnesses and trial exhibits prove beyond any doubt that Hutcheson invested the funds in Save America™, just as he said he did.
It raises the suspicion that Hutcheson’s prosecution was politically motivated.
Save America™ Survived
It is not a pleasant thought that the Obama Administration indicted, prosecuted, and incarcerated Matthew Hutcheson to destroy a principal threat to President Obama’s future legacy.
Yet, it is precisely what the Obama Administration did. It fabricated a story it knew the Idaho locals would believe to cover its tracks.
Save America™ survived anyway. A new Save America™ board of directors has been identified and is ready for formalization.
According to court records, Save America™ is worth at least 200 million dollars.
One court document reveals Save America™ could be worth as much as 9 billion dollars.
Given the urgent public interest in healthcare access solutions, it is quite surprising that more elected officials and private industry leaders have not inquired more deeply into this matter.
In 2017, legal counsel to Save America™ prepared documentation to sell all assets to an insurance company for $200 million, making the 70,000 shares in the corporate NRSP® entity organized in 2010 that owns Save America™ worth $14 million, up from $5.5 million.
To the dismay of the investors, the U.S. District Court in Boise, Idaho blocked the sale.
Scattered along the path is an embarrassing legal train wreck caused by forcing a predetermined outcome.
For example, seven different court records reveal that the Obama Justice Department knowingly perpetrated a fraud on multiple courts by representing that Hutcheson actually invested lawfully in three instances and illegally in another, its position being whatever suited its arbitrary objective at any given time.
Hutcheson caused none of it. The story against Hutcheson was spun into a circus behind the scenes for political theater by the founders of the FFETF.
Approving the sale apparently would concede that Hutcheson was falsely prosecuted and incarcerated.
What’s Next for Matthew Hutcheson?
Other federal lawmakers have taken notice of Hutcheson’s work and service to his fellow citizens.
Hutcheson’s Save America™ may end up fulfilling its original purpose.
The best may be yet to come for Matthew D. Hutcheson.
________
Coming soon: What Ever Happened to Matt Hutcheson? – Part 2
