SEABROOK, THE CORRECTION OFFICERS’ BENEVOLENT ASSOCIATION, TRIPS TO ISRAEL – a long history
April 13, 2016
The New York Times, June 2, 2015
“Questionable financial dealings are at the heart of a lawsuit filed against Mr. Seabrook this year by William Valentin, a union executive board member who was stripped recently of his annual union stipend of $84,000 by Mr. Seabrook. Mr. Valentin alleges that Mr. Seabrook invested $10 million of the union’s money into a hedge fund in March 2014 without consulting the board or even identifying the fund to them.
Richard Gilbert, Mr. Valentin’s lawyer, said, “It’s a violation of the union’s constitution and bylaws and raises serious questions as to whether Mr. Seabrook is making it up as he goes along to suit himself rather than serve the membership’s best interests.”
It is not known whether Mr. Huberfeld has any connection with the hedge fund Mr. Seabrook invested in. Mr. Huberfeld did not respond to telephone messages left at his home.
In an affidavit for the lawsuit, Mr. Seabrook acknowledged making the investment but did not identify the hedge fund involved. He denied any wrongdoing and said that the investment had earned more than $475,000 over a three-month period. That does not match the numbers in the union’s audited financial statements for 2014, which list a $47,529 return for the unnamed fund.
Mr. Huberfeld is on the board of the Simon Wiesenthal Center, which is also named in the subpoena. Prosecutors requested records of any payment made by the union to the center and its Museum of Tolerance.
In May 2014, 50 officers from the union, including Mr. Seabrook, took part in an orientation presentation for the “tolerance training” program at the museum, at a cost of $2,500, said Rabbi Abraham Cooper, an associate dean with the Wiesenthal Center. Rabbi Cooper said it was the only fee the union had ever paid to the center. He said he knew nothing about a subpoena or a criminal investigation.
Mr. Seabrook acknowledged in his response to Mr. Valentin’s lawsuit that he took two trips to Israel, saying that the union paid for one trip and he paid for the other. He said that the trips helped him make important political connections that were beneficial to the union’s interests.
“My trip to Israel was immensely spiritually rewarding to me,” Mr. Seabrook said.”
Hedge Fund Blog, May 27, 2015
New York COBA Police Seabrook Trained To Take Bribes From Israel,Launder Through Israeli Hedge Fund
The Daily News, May 27, 2015
The Times of Israel, May 28, 2015
215 A.D.2d 312 (1995)
627 N.Y.S.2d 25