Showing posts with label Valery Kogan. Show all posts

Friday, April 18, 2008

04/18/08 - The Greenwich Roundup For Friday

Featured Greenwich News Reports:

Greenwich native to sing for pope
Greenwich Time

By Barbara A. Heins

Greenwich native Kelly Levesque has performed for all sorts of audiences in her singing career. The biggest audience she'll face will be ...

Out with the old: Storied mansions fall in Greenwich
Journal Record (subscription) - Oklahoma City,OK

by The Wall Street Journal

GREENWICH, Conn. (WSJ) – Col. Raynal Bolling, an architect of American air power in World War I, died of a German bullet in 1918. ...

The NY Tax Proposal: Pushing More Hedgies to Greenwich?
Wall Street Journal Blogs - New York,NY

But New York already has some of the highest tax rates in the country for private-sector businesses–one reason many hedge funds call Greenwich and other ...

Russian Billionaire Valery Kogan Outrages Greenwich, CT With ...
Huffington Post - New York,NY

Greenwich, CT is in an uproar over a mysterious Russian billionaire's proposal to buy an $18M home, tear it down, and build what would be the biggest home ...

Fed no-show at Greenwich meeting fuels fight against FAA
Greenwich Post

Christopher Shays of District 4, which includes Greenwich. He said he supports it 100%. "We need to deal with this on all fronts. ...

Our Towns Hints of Fear in the Land of Mansions
New York Times - United States

By PETER APPLEBOME

Chris Fountain, a Greenwich real estate agent, in front of a house he helped to sell. First listed at $11.5 million, it finally went for ...

Cuts may trim pay for Greenwich teachers' aides
Greenwich Post

Educational assistants in Greenwich have declared an impasse in their contract negotiations with the Board of Education, which could affect the level of ...

Featured Greenwich Blog Posts

Fairfield Greenwich Group hires Graystone co-founder

David Horn joins the New York-based fund manager as chief global strategist.
Wealth Bulletin - http://www.wealth-bulletin.com/

Protesters greet McCain during Greenwich visit

He hangs around with the hedge fund people here but he wont meet with the people who cant afford to live in Greenwich and have to live in the Bronx and cant afford to pay for the gas to drive here. ...
Michael Moore - This Just In - http://www.michaelmoore.com/words/latestnews/

The Raw Greenwich News And Business Feed

US carriers seek cash options

Jane's Information Group

... of jet fuel they would be in big trouble right now," says Jeffrey Craine, managing director of Skyworks Capital in Greenwich, Connecticut. It is testament to their abilities that the US carriers have been able to restructure operations and deal with ...
Hoop is Cool, But Golf Fits Me to a Tee

Greenwich Citizen

The following is the first in a new weekly feature of student-athlete diaries written by rotating high school athletes for the Greenwich Citizen.
GTC Has Kids on the Run-

Greenwich Citizen

... volleyball, football and soccer camps. So if running is your game, why not learn how from a young age? Enter the Greenwich Track Club (GTC). In its second season, GTC has introduced track training for children in grades 2-8. After two years, the GTC ...
A Baby Daughter: Boundless Opportunities Await

Greenwich Citizen

... Maybe even the roadmaps. But, as with all of them, it'll be her car to drive.
Identity Systems to be acquired by Informatica

WebWire

Nokia and Informatica have signed an agreement for Informatica to acquire Identity Systems, headquartered in Greenwich, CT.
Connecticut man killed in Westchester crash

Mid-Hudson News

... all three lanes to the opposite side and struck a concrete wall, where it came to rest. Milo was transported to Greenwich, CT Hospital where he was pronounced dead. The cause of the accident is still under investigation....
Protestors Criticize Sturgell's No-Show At Connecticut Meeting

Aero-News Network

... those communities weren't as charitable. Sturgell was invited to be a guest at Monday night's meeting in Greenwich. It was in no way an FAA public hearing. Still, the Greenwich Post reports the perceived snub further inflamed area lawmakers ...
Stone Point Capital: Philip V. Moyles, Jr. Becomes a Senior Advisor to Stone Point Capital

Market Wire

... I am very excited to be working with them." Stone Point Capital LLC is a global private equity firm based in Greenwich, Connecticut. Stone Point Capital, the manager of the Trident Funds, has raised more than $10 billion in committed capital to make ...
Osetra opens in SoNo

Thehour.com

... the City" list. Nevins opened Osetra with his brother, Douglas, and father, Bruce. His father owns Wine Wise in Greenwich and Grand Harvest Wines in Manhattan. Doug also specializes in wines. The Nevins are from Ridgefield. "He's more of the ...
Unemployment hits 4-year high

The Boston Globe

... job losses, but not a big collapse in the economy," said Michael Darda, chief economist at MKM Partners in Greenwich, Conn. The Conference Board's gauge increased 0.1 percent, as forecast, after falling 0.3 percent in February, the New York-based ...

More News Links From The Greenwich Citizen:

Shays Faults Bush on Energy Dependence, Troop Levels

Showing he's not "joined at the hip" to President George W. Bush, as his Democratic opponent for Congress, Jim Himes, claims, U.
Continue »

Communities Rally, Lay Out Fight Against FAA Rerouting Plan

Energized citizenry and elected officials gathered in Greenwich's Town Hall Monday night were palpable in their spoken witness to challenge the Federal Aviation Administration's (FAA) plan to reroute and increase air traffic - which would, they say, negatively affect their quality of life.
Continue »

Tesei, Fox Draw Record Crowd

First Selectman Peter Tesei and Town Planner Diane Fox reached celebrity status last Friday when a record-setting crowd attended a Chamber of Commerce luncheon to hear them speak.
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Award-winning Book Instills Inspiration, Awe; Invites Conversation

Mountain climber and former U.S. Army medic Greg Mortenson may not have reached his goal in 1993 to scale K2, the world's second-highest summit located in Pakistan's isolated Karakoram mountain range.
Continue »

Give Voice to the Voiceless -Editorial

It's been said that if the walls of our homes could talk they would tell the story of our lives.

Consider trees the walls of our community. Oh, if trees could talk, the stories they would tell.

The oak may speak of the sweet young couple that had their first kiss in secret under its foliage, or the fun that neighborhood children had playing on a tire swing strung from one of its limbs. The pine, with its numerous low-lying branches, would recall those climbing adventures that left hands with a sweet-smelling stickiness. And the maple, planted when your child was born, grew to be a part of the family, with its own special place in the yard. Naturally, the trees would also fondly recall the generations of birds, raccoons, squirrels and other animals that have called them home.

"Everyone has a tree story," said Denise Savageau, director of conservation for the Town of Greenwich....

Continue »

MORE EDITORIALS HEADLINES FROM THE GREENWICH CITIZEN

For Product Recalls, March was Scary

Letters to the Editor

Instructional Assistants Key GHS Component

To the Editor:

Instructional assistants at Greenwich High School are absolutely vital to the high quality of education that the Greenwich system delivers....
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Truth Decay - Columnists

What is truth? - John 18:38 I'd be lying if I told you I had an answer to Pontius Pilate's poignant question of Jesus.
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MORE COLUMNISTS HEADLINES FROM THE GEENWICH CITIZEN

Remembering William F. Buckley

Our Need to Belong

“Why so large a cost, having so short a lease, does thou upon your fading mansion spend?”

William Shakespeare
(English Dramatist, Playwright and Poet, 1564-1616)

Thursday, April 17, 2008

04/17/08 - The Russians Are Comming !!!! The Russians Are Comming !!!! The Russians Are Comming !!!!

Russian Billionaire Valery Kogan Outrages Greenwich, CT With ...
by The Huffington Post News Team

Greenwich, CT is in an uproar over a mysterious Russian billionaire's proposal to buy an $18 million home, tear it down, and build what would be the biggest home ever built in the tony Connecticut enclave - a 27,000 square foot supermansion. The billionaire in question is reportedly Valery Kogan, who has ties to Valdimir Putin.

The Connecticut property is the latest in a buying spree. Just last month he finished purchasing a huge beachfront lot in Israel, combining 5 neighboring properties, for about $17 million (scroll down for more). He'll be tearing down existing homes there, too.

The expansive plans for the new Connecticut home include 26 bathrooms, a billiards room, game room, Turkish bath, Finnish bath, a wine cellar and a dog grooming room.

Watch a detailed report on the Greenwich....

... Last monthKogan bought five lots in Israel for another home:

Valery Kogan was entirely unknown in Israel up until a month ago, when he drove the local business and real-estate world crazy by purchasing five lots in Caesarea, a total of 11.5 dunams, for $17 million, on which to build an estate. Amid the media circus, it was reported that the Jewish businessman is connected to the secret services in Russia, and that he is close to former president Vladimir Putin. Some imagined Putin coming to visit his close friend and the two of them walking along the beach in Caesarea.

The aura of mystery increased when news came of the impressive rise in Kogan's wealth, at least according to the Russian magazine Finans. In 2007 it showed him in 499th place on the list of the richest people in Russia, worth $90 million. A year later he skipped up to 157th place with $600 million.

The only thing that is known for certain is that Kogan is connected to East Line, which operates Domodedovo International Airport, the largest airport in Russia, with 13-14 million people passing through each year.

Business on HuffingtonPost.com - http://www.huffingtonpost.com/feeds/verticals/business/index.xml

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Mystery oligarch in a seaside town

By Shuki Sadeh


Valery Kogan was entirely unknown in Israel up until a month ago, when he drove the local business and real-estate world crazy by purchasing five lots in Caesarea, a total of 11.5 dunams, for $17 million, on which to build an estate. Amid the media circus, it was reported that the Jewish businessman is connected to the secret services in Russia, and that he is close to former president Vladimir Putin. Some imagined Putin coming to visit his close friend and the two of them walking along the beach in Caesarea. The aura of mystery increased when news came of the impressive rise in Kogan's wealth, at least according to the Russian magazine Finans. In 2007 it showed him in 499th place on the list of the richest people in Russia, worth $90 million. A year later he skipped up to 157th place with $600 million. The only thing that is known for certain is that Kogan is connected to East Line, which operates Domodedovo International Airport, the largest airport in Russia, with 13-14 million people passing through each year. According to the company's Web site, Kogan is chairman of the board. hen it comes to other information about Kogan, there are serious questions. A source very familiar with the Russian government claimed last week that Kogan's wealth is estimated at only $100 million, and that he is not friendly with Putin. The source added that Kogan has only a few shares in East Line, and that the real owners prefer to have him serve as the frontman. Officially, the owner of East Line is a holding company called FML Ltd., registered on the Isle of Man, which is located in the Irish Sea between Britain and Ireland and serves as a tax shelter. The owners of the company are two citizens of the island, Sean Keinars and Jane Penders, but the Russian source said that they apparently serve only as "straw men." A survey published last November by the international credit-rating company Standard & Poor's implies that the management of FML may warrant the attention of the Israel Money Laundering Prohibition Authority (IMPA). Several Russian newspapers have written recently that Kogan's arrival in Israel may be related to attempts by the elements behind him to transfer sums of money of unknown origin from Russia to Israel, via companies that operate in tax shelters the world over. In addition, the journalists surmise that Kogan, even if he is not close to Putin, is quite close to government circles in Russia. A name that comes up in this connection is Boris Gromov, the governor of the Moscow region, who supports the Russian soccer team Saturn Ramenskoye. The fact that Arcadi Gaydamak also invests in the team raises questions about possible connections - at least some form of acquaintance - between him and Kogan. Although Valery Kogan was unknown in Israel until recently, even in Russia people started taking a serious interest in him only after the news of the real estate deal, which made waves there as well. "Since the deal went through, the Russian press has been all worked up, trying to find more information about him," said Alexander Kogan [no relation to Valery Kogan - S.S.], who works in the Russian-language press in Israel, last week. "Nobody knows how he really made all his money. Up until three years ago he was in the shadows. There are many mystery men in Russia who simply refuse to step into the spotlight." Scandals in Russia Valery Kogan, 57, married, a father of two and grandfather of two, lives in Moscow. He was born in Ukraine, apparently in a town called Mariupol (that was named Zhdanov during the Soviet era), on the banks of the Sea of Azov. According to the East Line Web site, Kogan served in the Soviet navy and worked in the diplomatic service. The site also mentions that he studied economics. Finans, which has covered his business dealings in recent years, has written that Kogan, like many of the other oligarchs, made his money with the help of connections to the Russian administration during the period when the Soviet Union was divested of its assets. The magazine mentioned that his wealth increased greatly because of his flourishing airline business. East Line is also familiar in Russia thanks to Kogan's partner, oligarch Dmitry Kamenshchik - a rising star in the country's business firmament. According to Russian press clippings, the company started out by opening a business for transporting merchandise between Russia and China. Kogan and Kamenshchik were involved over the years in several scandals, most of them actually associated with Kamenshchik. This may be because among the general public Kogan's name as the owner of East Line was revealed only three years ago, when the government tried to nationalize the Domodedovo airport. One of the scandals that was reported is related to the company's real-estate transactions in the 1990s. One project in question involved the construction of single-family homes near Moscow on 60 acres of land that had housed a huge poultry farm. The owners of the farm sold the land to East Line, in exchange for having Kogan and Kamenshchik cover 50 percent of its debts, a sum of about $1.5 million. But Kogan and Kamenshchik managed to change the designation of the land from chicken runs to private residences and earned millions. The Russian authorities claimed in 2000 that the two had carried out an underhanded deal, taking the land through deceitful methods, and changing its designation from agriculture to real estate with the help of government connections. In 2007 a lawsuit against the company was brought before the courts, and the matter is still under discussion in the judicial instances in Russia. The first time the Russian public was exposed to Kogan and his East Line connections was in 2005. At the time a bitter conflict erupted between the authorities and the company regarding the leasing of the Domodedovo airport. The state threatened to nationalize the facility, although a 1997 agreement between the parties stated that the contract is valid for 75 years. In the end, the sides compromised on an annual payment of $1.2 million. However, the legal conflict regarding the question of ownership of the airport has yet to be resolved. In the wake of the affair, Kogan also received support from a serious media figure: popular television personality Vladimir Solovyev, who has an investigative program and has in recent years been conducting a genuine crusade on behalf of Kogan and Kamenshchik. Solovyev claims that the Russian administration is persecuting East Line. Since East Line received the airport, it has invested half a million dollars in it. According to Bank VTB, which is controlled by the Russian government, late in 2004 the company earned $450 million, with a net profit of $58 million. Early in 2005 the company issued bonds in order to build a new terminal at the facility. In February 2004 the FML Ltd. holding company, which is behind East Line, received an international credit rating of B-. In a survey of FML carried out by Standard & Poor's in 2004, analyst Tatiana Kordyukova explained that the company's ranking was relatively limited - one reason being the functioning of its chairman. Said Kordyukova: "The ratings on East Line are constrained by the group's complex and nontransparent structure, the critical role the chairperson plays in most important matters concerning the company, a high reliance on its leasehold and operation of the Domodedovo airport complex, and limited access to capital markets." Four years later, the company's ranking remains B-. Meanwhile in Caesarea, far from the eyes of the analysts, the planning committee of the Hof Hacarmel Regional Council approved the idea of combining all the lots purchased by Kogan. The demolition of the houses located on the land in question will soon get under way. Now Kogan has to submit the plans for the estate itself, which is being designed by Russian architects. The new house, incidentally, will be registered in the name of Kogan's wife, Olga. The Web sites in Russia continue to report about the oligarch's huge future residence, emphasizing the fact that the entire project will cost about $50 million. Certain sites report that designers from Italy will be coming to Caesarea, and that the estate will include two houses, one of them three stories. The second, two-story building will have a spa. The estate will include tennis courts, and we can assume that the place will be well protected by means of guards and modern technology. Alongside these descriptions, several Web sites expressed criticism of the construction carnival. One of them wrote, with no small degree of irony, that the time will come when Valery Kogan will build the first airport in Caesarea. In the past two years, 15 Russian oligarchs have bought assets in Caesarea. Even before Valery Kogan's purchase, residents described the tempting offers they received for their homes; now they tell tall tales about how such offers increased after the deal was struck. "There are many people showing an interest," said one resident last week. Another resident added: "Many representatives of oligarchs are walking around the neighborhood trying to find out who is selling, particularly on streets overlooking the sea. They come in luxury cars, impeccably dressed. In general, we're satisfied, because the value of the real estate is increasing. Anyone who doesn't want to continue living here can make a nice exit." Some of the residents are actually not pleased with the new situation. Some are trying to keep Caesarea from turning into some alienated island, in total contrast to the vision of the founders, who in the 1960s hoped that there would be a flourishing communal life in the seaside town. Those who are benefiting now, in any case, are the intermediaries. "Kogan bought at a price of $1.55 million per dunam (quarter acre), but now there's already an offer for $2.3 million," explains one, Avi Ben Yoav. "When they want to, these people work very fast. In one of the deals, the client arrived in the morning accompanied by his attorney, and at 4 P.M. a memorandum of agreement was signed between the buyer and the seller. That was a $2-million deal." Source: http://www.haaretz.com/hasen/spages/969661.html