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Tuesday, April 28, 2009

04/28/09 The Raw Over Night Greenwich Blog Feed:

Photo: Greenwich's Anthony Mullen has been distinguished as National Teacher of the Year, 2009.

The Top Story Greenwich Time Story Two Days In A Row......

Greenwich teacher is nationally awarded
Greenwich President Barack Obama will announce Greenwich, Connecticut's Distinguished Teacher, Anthony Mullen as the 2009 National Teacher of the ...
Hartford Courant
San Diego Union Tribune

"Yes Tony Mullen Can !!!!!"


The CCSSO has just sent a press release stating that:

President Obama will announce, on Tuesday,

Tony Mullen as the 2009NATIONAL Teacher of the Year!

Now, More On Greenwich Resident Walter "Feeder Fund" Noel .....

Norwalk Advocate
By David Glovin
Fairfield Greenwich Group, the hedge fund that steered $7 billion to Bernard Madoff, faces new claims of fraud by investors who previously alleged negligence against co-founders Walter Noel, Jeffrey Tucker and Andres Piedrahita.

The class action suit, first filed in January in Manhattan federal court, was amended April 24 to include claims that the three co-founders and the firm acted so recklessly in placing client money with Bernard L. Madoff Investment Securities LLC that their actions constituted fraud. The amended complaint relies on documents filed by Massachusetts Secretary of the Commonwealth William Galvin, who filed an administrative complaint against Fairfield Greenwich and its Sentry Funds on April 1, and other investigation by the plaintiffs.

The investors' complaint, which seeks damages for their losses, claims that Fairfield Greenwich and its executives had no basis to tell investors that their historical profits were real, that Madoff's split-strike conversion strategy was legitimate, or that the firm conducted adequate due diligence. ...

* Market-making unit auctioned for fraction of former worth

* Trustee seeks "clawback" to recover assets

* Investor lawsuits point blame

Bernard Madoff'smarket-making business was sold at an auction on Monday toCastor Pollux Securities LLC for up to $25.5 million, afraction of what it was worth previously, as part of anincreasingly contentious global effort to recover money for theswindler's defrauded customers.

The court-appointed trustee winding down Bernard L. Madoff
Investment Securities LLC said in a statement late on Monday
that the Boston financial company will pay $1 million at
closing and up to $24.5 million in deferred compensation
through December 2013.

Three bidders competed in the auction for the trading unit,
which was once worth $1 billion......

....Other investors continue to use the courts to stake claims,notably one lawsuit in the past week by an investor againstMadoff's banker JP Morgan Chase (JPM.N), which the investoraccuses of knowing that the billions it held in Madoff moneywas part of a fraud.

The bank denied the allegations that if it had shut down the Madoff accounts in September, when it withdrew its own money 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.

Fairfield has also been sued by investors for fraud and
charged by Massachusetts state regulators......

‘Gotterdammerung' Evokes Madoff, Adolf: Manuela Hoelterhoff

In our time, Fafner could be a hedge-fund princeling staring at his screens in a bloated Greenwich chateau, creating nothing anyone really needs. ...

Now, Back To The Raw Greenwich News Feed ......

22 students who overcame obstacles saluted at ncc's Men of Promise ...
The Hour

... noting the patients and staff at Greenwich Hospital where he did his rotations always asked when he was returning for his next shift. ...

Permits Down 50 Percent
Hartford Courant
Housing permits issued in Connecticut plunged by more than 50 percent in the first three months of this year as builders remained ...

RBS to leave New York office and move bankers to Stamford
Norwalk Advocate

RBS also is moving employees from its Greenwich offices to Stamford. RBS has renamed its Greenwich Capital Markets Inc. broker-dealer business RBS ...
WR Berkley Slips To Loss in Q1 On Lower Premiums Earned - Update
RTT News

The Greenwich, Connecticut-based company reported a net loss attributable to common shareholders for the first quarter of $20.35 million or $0.13 per share, ...
Marcel and Beyond the Sun In Concert
All About Jazz

The concert will be held at the Eastern Greenwich Civic Center on Saturday, May 16th, 6:00 pm. 90 Harding Rd, Old Greenwich, CT 06870 Limited seating ...

Fairfield County office vacancies rise
Norwalk Advocate

"It is to be expected, based upon the recent economic jolt," John Goodkind, managing principal at the Greenwich office of New York City-based Newmark Knight ...
Please send your comments, news tips and press releases to reenwichRoundup@gmail.com or click on the comments link at the end of this post.

A&P, grocery employees agree to four-year pact
Norwalk Advocate - ‎2 hours ago‎
In southwestern Connecticut, A&P has stores in Bridgeport, Danbury, Greenwich, New Canaan and Stamford. A spokeswoman for A&P did not respond to telephone ...

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