Greenwich Roundup: 04/27/09 The Raw Greenwich News Feed: This Just In .....

Monday, April 27, 2009

04/27/09 The Raw Greenwich News Feed: This Just In .....

Photo: Greenwich Police officer Brian Tornga salutes the flag at the Silver Shield Association's award ceremony to honor officers who did something in the line of duty. Officer Tonga was awarded Officer of the Year for 2008. (Helen Neafsey/Greenwich Time photo)

Greenwich officers honored at police union award ceremony
Greenwich Time

Three police officers received officer of the year awards Sunday--two for investigating the 2007 drowning death of a town boy and one for confronting an armed Pemberwick grandfather just minutes after he allegedly killed his ex-daughter-in-law in 2008.

The awards were handed out during a ceremony honoring dozens of officers held by the town's police union, the Silver Shield Association.

Detective Sgt. Tom Kelly and Detective Jeff Stempien were awarded officer of the year for 2007 after they worked to charge David Lionetti, owner of Stamford-based Shoreline Pools company, with second-degree manslaughter. According to police, the pool company knowingly flouted safety precautions that could have prevented the boy's death. Both officers were saluted as officer of the year for 2007.......

The award ceremony, held at the Western Greenwich Civic Center, takes place every few years to recognize officers who went above and beyond the call of duty ...

AP mocks Al Gore's lack of ignorance
Media Matters for America
They propped up a dim-witted Texan (by way of Greenwich Country Day, Andover, Harvard, and Yale) who had run business after business into the ground, ...

Sites of hearings on tolls questioned
Stamford Times
Lawmakers from Greenwich, Stamford and other towns near the border say the hearing sites don't make sense and may make it difficult for residents of border ...

Local Announcements
Hartford Courant
... Connie Jones, boys tennis, Greenwich; Rich Zadraga, boys track, Windham Tech; Pat Ryan, boys volleyball, ...

JPMorgan Hit with Madoff Lawsuit
Newsinferno.com
... offering investors a way to leverage their bets on the future performance of two Fairfield Greenwich Group hedge funds that invested with Madoff. ...

PLEASE SEE:

1/29/09 YOU WONT READ THIS IN THE GREENWICH TIME: JP Morgan Investors Got Out Clean While Walter Noel's Investors Were Left Holding The Bag

Fairfield Greenwich Money Found In The Vaults Of Jp Morgan Chase

Lawyers Representing Greenwich Fairfield May Be Taking Chase To Court

Fairfield Greenwich Investors Question The Timing Of JP Morgan's Withdrawal - They Say Part Of That JP Morgan Stash Belongs To Them

Walter "Feeder Fund" Noel's Investors WONDER IF JPMorgan Saw Trouble Brewing And Got Out Before The Storm.

JP Morgan Chase Says The Bank "Became Concerned About The Lack Of Transparency" As It Reviewed Its Investments Linked To Bernard Madoff

Why Wasn't Greenwich Resident Walter Noel Concerned About The "Lack Of Transparency" At Madoff's Firm?Why Didn't Walter Noel Tell His Investors About Chase's Withdrawal?

JPMorgan Pulled Cash Early From Madoff-Linked Funds

NYTimes.com

JPMorgan Chase says that its potential losses related to Bernard L. Madoff, the man accused of engineering an immense global Ponzi scheme, are “pretty close to zero.” But what some angry European investors want to know is when the bank cut its exposure to Mr. Madoff — and why.

As early as 2006, the bank had started offering investors a way to leverage their bets on the future performance of two hedge funds that invested with Mr. Madoff. To protect itself from the resulting risk, the bank put $250 million of its own money into those funds.

But the bank suddenly began pulling its millions out of those funds in early autumn, months before Mr. Madoff was arrested, according to accounts from Europe and New York that were subsequently confirmed by the bank. The bank did not notify investors of its move, and several of them are furious that it protected itself but left them holding notes that the bank itself now says are probably worthless

A spokeswoman, Kristin Lemkau, said the bank withdrew from the Madoff-linked funds last fall after “a wide-ranging review of our hedge fund exposure.” Ms. Lemkau acknowledged, however, that the bank also “became concerned about the lack of transparency to some questions we posed as part of our review.”

Please Also See:

Fairfield Investor Suit Says Actions Rose to Fraud
Bloomberg
By David Glovin -- Fairfield Greenwich Group, the hedge fund that steered $7 billion to Bernard Madoff, faces new claims of fraud by ...

Madoff unit auctioned as part of thorny asset recovery
Reuters
... out of a Madoff "feeder fund" run by Fairfield Greenwich Group, the $12.8 million of Florida plaintiff MLSMK Investments Co would not have been lost. ...

Mexican Peso, Stocks, Bonds Tumble as Swine Flu Outbreak Grows
Bloomberg
The outbreak “comes at a very bad time,” said Benito Berber, an economist at RBS Greenwich Capital Markets in Greenwich, Connecticut. ...

Spizzwinks(?) bring Burmese choir on tour

Yale Daily News

The choir arrived in San Francisco on April 19, and then flew to the East Coast to perform in New York City, Greenwich, Conn., and New Haven. ...

Law would let science students refuse to dissect animals

Greenwich Time

Livvy Floren, D-Greenwich, voted for it. Floren said her major concern was making sure it was not an unfunded mandate on schools and that there were ...

The state of Greenwich birds on Earth Day 2009

Greenwich Citizen‎

By Anne W. Semmes
Earth Day 2009 found the state of our Greenwich birds in increasing peril. "The changes are dramatic," said Tom Baptist, ...

#2 Diplomats Stop #4 Bullets to Earn Centennial Crown

LaxPower

Junior Lexie Hearn (Old Greenwich, Conn./Greenwich) finally cracked the board with a free position goal at 12:33. After F&M turned in a free position score ...

Boys lacrosse: Tigers stay unbeaten with win over Somers

Ridgefield Press

The Tigers will travel to Greenwich for a showdown with another of the FCIAC's top teams this Wednesday at 6. Greenwich is currently 6-1 with its only loss ...

Faux Hedge Funds Proliferate

Barron's

In the era of Bernard Madoff, whose Ponzi scheme humiliated funds-of-funds operators Fairfield Greenwich and Tremont and tarnished the industry, ...

Laura Candler named Watson Fellow

Newnan Times-Herald

The other recipient this year from University of the South is Emily Beeson, of Greenwich, Conn. Since 1985, when Sewanee was selected as one of the Watson ...

Obama Loves The Rich

Forbes

New Orleans hasn't been rebuilt, but the government is hard at work on Greenwich, Conn., and Abu Dhabi....

Pools scramble to meet safety rule

Norwalk Advocate

By Lisa Chamoff
GREENWICH -- The town's health director worries that some Greenwich pools won't be able to open for the Memorial Day weekend if they don't ...