Monday, December 29, 2008

"Shovel-Ready"

A town with some of the wealthiest people in the country -- hedge fund central, and a place that has enjoyed enormous prosperity in recent years -- gets in line for its handout. I had to look at the URL to be sure it wasn't the Onion or some other spoof.

11 Comments:

Blogger Mrs Panstreppon said...

Why the surprise? Wall Street stuck its hand out for a big piece of the the 9/11 pie.

As I noted in a previous post, Noel Levine helped found the Bank of Greenwich in 2006. Levine's company, Troon Management Inc., shared an office and a phone w/Bernie.

Supposedly, the Bank of Greenwich had an ipo in March '06 but I can't find any record of it in SEC records.

In 8/06, Plainfield Asset Management Fund LLC, a hedge fund, bought a stake in the bank.

The long time Madoff CIO, Elizabeth (Liz) Ann Weintraub, died in 2/08. I read the tributes to her from the Madoffs and others in the NYT's obituaries and it appears she was married to or lived with Marshall Caro at the time.

You can't be Madoff CIO for 25 years and not know your boss is a crook.

Marshall Caro lives in Greenwich and he has sells software for trading stocks.

One, can you find out what properties Noel Levine managed and two, how active Caro is in the stock market and what is his reputation?

Two other names linked to Madoff and Troon are Debby(Debbie)Koster and Nina Brandt.

Koster is also linked to Muriel Siebert & Co. and has something to do with IT.

Nina Brandt is a ?.

Charles Feng's name keeps coming up, too. Feng, a Cornell grad, worked for Bernie circa 2002.

I wouldn't be at all suprised if this fraud is more extensive than we know to date. These hedge fund operators seem like sore losers who wouldn't want to take a cut in pay.

12/29/2008 8:09 AM  
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12/29/2008 8:17 AM  
Blogger Dave S. said...

The Rolex trademark on the Greenwich clock on the site's banner is a nice touch.

12/29/2008 9:27 AM  
Anonymous Anonymous said...

Should we expect any less from the immoral folks that lent a hand in creating the problem in the first place.

Now they are "preparing" to act responsible. Ha, ha. Oh boy! - "Our economy is getting no better. We all need to be prepared to act responsibly,"

I'm confused, you mean, when they were rolling in hedge fund dough, they didn't bother to maintain their local infrastructures ("roof (replacements) and also asbestos abatement,")? Rich hedge fund managers letting their kids go to school with asbestos. I don't think so.

Me thinks, there are some schools in the Appalachian area or the Nations inner cities that are long overdue these funds.

12/29/2008 11:00 AM  
Anonymous Goldhorder said...

Please explain tcr. How ignoring past precedent for fractional reserve lending is anything but creating an unsustainable bubble to loot the public? Why would they not be first in line for the money? They are thieves. Very talented thieves. That is what our best and brightest aspire to today! To be as good a thief as possible. Like i mentioned earlier...Madoff for treasury secretary. He is a far more talented thief than Paulson. Lets put this usa brand to bed once and foreall

12/29/2008 6:10 PM  
Blogger Mr. Hedley Bowes said...

"...prepare to act responsibly?"

Yes, this is what we're learning in BSchool: prepare to act responsibly. Ha! Look, one either has it (sense of responsibility) or doesn't. Those that don't should be shown the door: recent Bush appointees especially.

12/29/2008 7:45 PM  
Blogger Mrs Panstreppon said...

Happy New Year, C.R.!

What do you know about Sonja Kohn? Sonja Kohn appears to have "lost" more $3 billion in the Madoff scandal and the number could go a lot higher.

In 2007, Erwin and Sandra Kohn bought a house at 9 Dolson St. in Monsey NY. Monsey, of course, is one of the two well-known Orthodox Jewish hamlets in Rockland County, the other being New Square. If you recall, Bill Clinton commuted the sentences of the New Square Four who had stolen $60 million in government aid meant for educational assistance.

The Jacobwitz and Spitz families, members of the Orthodox community in Brooklyn, are responsible for a couple of the biggest financial scandals on Long Island in recent years, Allou and Sharp International.

I just don't see Sonja Kohn as a victim.

1/01/2009 1:07 PM  
Anonymous Anonymous said...

You are way off base on Noel Levine. The properties he owns go back to his company which was sold maybe twenty years ago. He has been managing them since then and, because of his age (89), he has decided to sell them at this point. He was totally shocked by the Madoff fraud and lost a great deal of money. He was a friend of Madoff for over forty years and that is why Madoff rented him office space. He is simply a victim here. If you are searching for a conspiracy, you will have to look further. His foundation was around $850,000. He donated around 10 or 12 million dollars, in cash, out of his personal bank account to both the Metropolitan Museum of Art and MOMA. The donation to the Israel Museum is in the form of a photography collection, appraised at over 12 million dollars, to go to the Museum upon his death.

1/03/2009 2:07 PM  
Blogger Mrs Panstreppon said...

Maybe Noel Levine really is a victim but look on the bright side. He's had 89 good years!

In any event, I can't imagine the Feds won't look into Noel Levine's holdings since he shared an office with Bernie.

And Levine did recently get involved with a new bank, The Bank of Greenwich despite his advanced age. If Bernie was a depositor, I'd make sure I knew what went through his account if I were Noel Levine.

1/12/2009 9:14 AM  
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7/03/2011 6:23 PM  
Anonymous Anonymous said...

Noel Levine used to feed Bernie clients and then receive a percentage of their "prophets" from Madoff.
He would complain his percent was not enough and have Bernie adjust it.

This is from someone who knows

8/16/2012 12:22 AM  

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