Obama Asks: "Whatcha talkin bout Wally"Is Greenwich Resident Walter Noel Going To Stain Obama's Inauguration?
"Walter Noel, Where Are Our Obama Tickets?"
Walter "Feeder Fund" Noel's Obama Connection ????
Madoff fallout cancels local folks' DC trip
Ventura County Star, CA
At least four Ventura County residents and about two dozen others nationwide have lost out on inauguration packages in Washington, D.C.
The deals they purchased were supposed to include tickets to President-elect Barack Obama’s swearing-in ceremony and a chance to meet Obama.
But they have been snagged in a bizarre web involving a New York investment firm said to be reeling under the weight of the Bernard Madoff financial scandal and a Chicago-based children’s charity, which announced Friday it has temporarily shut down.
Dr. Donna Pachorek, a Santa Rosa Valley resident who owns a medical practice in Thousand Oaks, and Bill Dundas of Camarillo were among those who bid on the packages through an e-Bay auction that was to benefit the charity December Rain. Each of them paid $5,500.
December Rain said it purchased the packages through Fairfield Greenwich Group, a New York investment firm that is said to have direct ties to Madoff’s securities firm. The Wall Street Journal has reported that Fairfield Greenwich appears to be the biggest casualty in Madoff’s alleged $50 billion Ponzi scheme.
December Rain Executive Director Paul Saulnier was critical of Fairfield Greenwich in an interview earlier this week, saying he never received the promised ticket packages.
But when contacted for a response, Fairfield Greenwich said in a terse statement late Thursday that it “has never heard of this charity, nor have we ever worked with this charity.”
A call to Saulnier at his Chicago office Friday netted only a short recording: “December Rain has currently suspended operations while we address the extreme situation and matters that have arisen from the cancellation of planned events. We apologize for the temporary closure. December Rain will continue to resolve these issues and hopes to be back in operation shortly.”....
.....Saulnier, who was upset during the interview, added: “It’s like a house of cards over at Fairfield Greenwich. I can’t get phone calls returned. It’s been devastating.”
On its Web site, Fairfield Greenwich — the target of at least three investor lawsuits — acknowledged that it had $6.9 billion invested in “vehicles connected to” Bernard L. Madoff Investment Securities. The Wall Street Journal and others estimated that amount was slightly more.
Saulnier said he contacted the New York State Attorney General’s Office and was told officials there couldn’t help him because it’s a civil matter. He added that it may take weeks to sort out the mess.....
Madoff misled SEC in '06, got off
Palm Beach Post
Securities and Exchange Commission investigators discovered in 2006 that Bernard Madoff had misled the agency about how he managed customer money, according to documents, yet the SEC missed an opportunity to uncover an alleged Ponzi scheme.
The documents indicate the agency had Madoff in its sights amid multiple violations that, if pursued, could have blown open his alleged multibillion-dollar scam. Instead, his firm registered as an investment adviser, at the agency's request, and the public got no word of the violations.
Harry Markopolos - who once worked for a Madoff rival - sparked the probe with his nearly decadelong campaign to persuade the SEC that Madoff's returns were too good to be true. In recent days, The Wall Street Journal reviewed emails, letters and other documents that Markopolos shared with the SEC over the years. ...
....On Jan. 4, 2006, the SEC's enforcement staff in New York opened an investigation, based on Markopolos's allegations, into whether Madoff was, in fact, running a Ponzi scheme. The SEC staff received documents from Madoff and Fairfield Greenwich, a hedge fund that placed money with Madoff on behalf of its clients. The SEC also interviewed Madoff, his assistant, an official from Fairfield Greenwich and another employee.
Among other things, the SEC found that Madoff personally "misled the examination staff about the nature of the strategy" used by the Fairfield funds and other hedge-fund accounts, and also "withheld from the examination staff information about certain of these customers' accounts," the SEC documents say.
The SEC report said that neither Madoff nor the Fairfield funds disclosed to investors in the Fairfield funds that Madoff was the investment adviser.
A lawyer for Fairfield couldn't be reached for comment......
....The staff recommended closing the investigation because Madoff agreed to register his investment-advisory business and Fairfield agreed to disclose information about Madoff to investors. The SEC report said the staff closed the case "because those violations were not so serious as to warrant an enforcement action."....
Georgea s best
Sunday Tribune
Katy McGuinness visits the outgoing American ambassador
He represented the most unpopular US president ever – but why did Tom Foley break so many Irish women's hearts recently?.....
....Tom Foley is a lean, handsome man of 57 with a good head of hair and fine American teeth, in a navy suit with the nipped-in waist that men of a certain age who manage to stay in shape tend to favour, the trousers held up with one of those fancy Kieselstein cowboy-style belts with the real silver buckles that says 'I may have to wear a suit for work but underneath it all I'm a macho guy who'd be happier out on the ranch doing some real work'. I get the impression that he cares about how he's going to look in these photos......
....He is a long-time friend of the Bush family and was a Bush-Cheney campaign supporter whose loyalty was rewarded with the Dublin posting .....
....As well as getting back to business, Foley will be putting time into a charity that is seeking to improve standards in the public schools in the inner cities of Connecticut. He regards home as Greenwich, CT, the hedge-fund capital of America, and effectively a suburb of New York.
So has the departing American ambassador done a good job in Ireland?......
Ready for the day
Connecticut Post
Lynn Sullivan, a senior administrator at a private school in Greenwich, is traveling to DC with her 10-year-old daughter. They were lucky enough to score
Help Exchange
Stamford Advocate
Gateway Pre-School in Greenwich, run by Family Centers, is looking for volunteers from 8:30 or 9 am to 12:30 pm Volunteers would work with children under ...
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