Selectman Drew Marzullo persuades Apple to skip security gates.
Good for Drew and Apple.
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On June 1st, Glover plead guilty to stealing more than $600,000 from Royal Bank Of Scotland’s Greenwich Capital trading division. This week, U.S. District Judge Robert Chatingny in Hartford gave Glover, 54, a year and a day prison sentence followed by two years of supervised probation.
According to court documents and statements made in court, Glover was the Managing Director-Settlements and Reconciliations of a Stamford-based Royal Bank of Scotland.
Glover’s responsibilities included transferring funds from the bank to customers to settle or reconcile the customers’ securities transactions. From approximately January 2009 to January 2010, Glover caused nine separate transfers of funds, which totaled approximately $625,000, to be sent from RBS to a bank account in New Jersey in the name of “CPS Funding.”
In transferring the funds, Glover caused fraudulent instructions to be placed into the Company’s operating system to make it appear that the New Jersey bank account was held by an actual customer that was entitled to receive company funds to settle securities transactions.
However, the interstate transfers were not authorized and were not part of any legitimate securities transaction of RBS or its customers. Glover then accessed the CPS Funding account and used some of the funds for his own use. CPS Funding is a similar name of an information systems consulting business that is owned by a member of his extended family.
I reported at Greenwich Time last year Glover executed the embezzlement scheme because he was over leveraged in a commercial real estate project at his favorite upstate New York ski resort.
With RBS turning cash bonuses into a lack luster stock payout in 2009, Glover didn’t have the money to make a $3 million balloon payment on Wyndam project that was secured by his primary Westchester County home. The over build mega million spec home that Glover couldn’t sell, was funded by failed USA Bank. CTWatchdog reported this spring USA Bank executives are currently under investigation by the Feds for allegations of criminal fraud and securities violations.
After RBS caught Glover stealing in late January 2010, it immediately fired him. Although the bank executive returned the stolen funds within two months, the DOJ still demanded jail time.
U.S. Attorney Richard Schechter told the court “Glover reported in excess of $400,000 on his joint tax returns in 2007 and 2008, the years before the thefts began, so there is no compelling economic justification for Glover to abuse his position to steal from the company.”
A spokesperson for the DOJ confirmed Glover doesn’t have to pay monetary fines but will serve 120 hours of community service once he’s out of jail.
http://www.teribuhl.com/2011/09/08/doj-ask-judge-to-thrown-rbs-embezzler-james-glover-in-jail/
Full story: theoriginalgreenwichdiva.com
Greenwich police are investigating an alleged robbery that took place Thursday night moments after a man claimed he sold his vehicle to someone over the town line in Port Chester, New York.
According to the police report, the victim had just finished collecting thousands of dollars for a car and was walking on Ann Street off West Putnam Avenue, when he was approached by a man with a gun.
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| Greenwich - News September 10, 2011
(NewsTimesLive) A man police said brazenly made daytime drug sales in a Cos Cob residential neighborhood was arrested Thursday evening following an investigation that began in August following anonymous tips by residents. Drunk Man Nabbed for Driving the Wrong Way Greenwich Cops Raid Drug Factory, Arrest 3 Greet New Greenwich Chamber of Commerce Head Greenwich Man Who Allegedly Posed as US Army Vet Applies for AR Patch Picks: Hot New Shoes Linda McMahon to run for U.S. Senate seat in 2012 9/11 Ceremonies to be Held in Greenwich
Darien Standout Joins Chelsea Piers Staff (The Daily Darien) Greenwich High School lacrosse coach Scott Bulkley will become the director of lacrosse at Chelsea Piers Connecticut when it opens next June in Stamford. Read Greenwich Local Sports...
Options risk gauge soars as investors seek safety (WPHL Philadelphia) Nervous investors scrambled on Friday to protect their assets, paying higher prices for options ahead of the weekend as European debt woes weighed on the prospects for global growth.... .. in the U.S. options market," said Andrew Wilkinson, senior market analyst at Interactive Brokers Group in Greenwich, Connecticut. The rout in U.S. stocks sent the CBOE Volatility Index, Wall Street's favorite barometer of investor sentiment, known ...
Glenville Firefighters Remember 9/11 Victims (The Daily Greenwich) Ten years ago members of the Glenville volunteer firefighters were deployed into Westchester County as part of the mutual aid response to the terrorist attacks on the World Trade Center that day.... ... Higgins. Chief Peter Siecienski and First Selectman Peter Tesei read the roll of honor for the men and women of Greenwich who died. The father of Jason Sabbag and the wife and daughter of Martin Wohlforth, two residents who died on Sept. 11 laid the ..
California Street Among Most Expensive for Office Space (KSFO-AM San Francisco) While the street isn't necessarily paved in gold, it is one of the most expensive streets for office space in both the U.S. and Canada. ... Hill Road in Menlo Park, Calif., at $113.64 per square foot; Fifth Avenue in Manhattan at $97.14 per square foot; Greenwich Avenue in Greenwich, Conn., at $89.86 per square foot and University Avenue in Silicon Valley where the average rent is ...
Fashion Lights up the Night (The Daily Darien) The bold and the beautiful stepped out in style Thursday night for Fashion's Night Out , the most anticipated global fashion event of the fall.... ... to help out neighbors and other small business owners, and to show how fashionable Stamford really is." In Greenwich, The Avenue was alive with music and nearly 50 models who walked an outdoor red carpet runway, showing off styles from more than 30 ...
Chalk up a win for fund investors (CNN) It's not every day that a fund promises to return more of your money. But that's what the 82-year-old Adams Express closed-end fund is doing... ... boost the stock price. It didn't work. Then things heated up in March when one of Adams' largest shareholders, a Greenwich Conn.-based hedge fund, proposed a plan to cut shares outstanding by 50% to boost the stock. Luckily for Adams Express CEO ... |
| 9-11 Memorial Unveiled in Glenville Patch.com ... the Roll of Honor by First Selectman and Fire commissioner Peter Tesei and Fire Chief Peter Siecienski, after which two bagpipers played "Amazing Grace. ... |
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| Main Street Connect Your Home Town Online | |
| News from The Daily Greenwich | |
| Glenville Firefighters Remember 9/11 Victims | |
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| by Anna Helhoski | 09/10/11 | |
 | GREENWICH, Conn. – Ten years ago members of the Glenville volunteer firefighters were deployed into Westchester County as part of ... READ MORE |
| Metro-North Ramps Up Security After Threat | |
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| by Richard Weizel | 09/09/11 | |
 | FAIRFIELD COUNTY, Conn. – Metro-North and Connecticut State Police canine units patrolled trains and train stations Friday in the ... READ MORE |
| Greenwich Cops Raid Drug Factory, Arrest 3 | |
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| by Anna Helhoski | 09/09/11 | |
 | GREENWICH, Conn. – An anonymous tip to the Greenwich Police led to the arrest of three Greenwich men Thursday on drug charges, ... READ MORE |
| Greenwich Resident Turns to Radio for News on 9/11 by David Maddalene | 09/10/11 | ||
| GREENWICH, Conn. — As a graphic artist, I was in the middle of a paste-up job in my office at Penny Press in Norwalk. My ... READ MORE | ||
| Malloy Asks 'Moment of Silence' Sunday at 8:46 AM | |
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| by Richard Weizel | 09/10/11 | |
 | HARTFORD, Conn. – Gov. Dannel P. Malloy is calling on all Connecticut residents to honor the nearly 3,000 people killed in the Sept. ... READ MORE |
