THE PLATINUM QUESTION – WAS ANYBODY LISTENING?

PLATINUM PARTNERS AND THEIR OUTRAGEOUS RETURNS

LostMessiah 4 January 2016

LostMessiah was and has been the brainchild of several people who began this venture last February with a few stories already in our heads, Platinum being front and center.

From the very beginning we made clear that something was very wrong with Platinum, beginning with the extraordinary, though irrational returns. We then raised the question of David Bodner and a piece of property (191 Viola Road) that transferred names rather nefariously in Rockland County, New York.

We questioned the Africa-Israel connection and most notably those who financed Platinum in its early years: David Bodner and Murray Huberfeld and their band of merry… Philanthropists? No.

We posted diagrams.

Huberfeld Ponzi1.3

We showed you the connections between Seabrook and Platinum, COBA and Platinum. We even spoke of Black Elk, a story still in its making. We believe that most of the Platinum investor money (which is likely currently in the family trusts of Bodner and Huberfeld and in the yeshivas begun by Nordlicht and his family) belongs to Black Elk investors who were taken for a ride during a tender offer which was specifically intended to drain the company of its assets.

That story is still one to be told but unfortunately 12 pages later, we have found a web of lies and a spider with far more than eight legs and we have not even scratched the surface.

The investor money has not been spent, in our view. It has been funneled. The trick is going to be getting it out from under the various trust laws protecting it. The key to Huberfeld’s participation in all of this beyond his family trusts is his property which has more recently been transferred to his wife in a quit-claim deed. 

There were people questioning – just too few listening.

 

See also:

https://lostmessiahdotcom.wordpress.com/2016/04/13/the-seabrook-connection-investments-gone/

https://lostmessiahdotcom.wordpress.com/2016/04/15/the-long-short-nope-the-dead-undead/

https://lostmessiahdotcom.wordpress.com/2016/04/14/theres-not-enough-time-in-the-day-to-discuss-nordlicht-huberfeld-bodner/

READ FURTHER:

No One Questioned This Hedge Fund’s Madoff-Like Returns

  • Red flags abounded while hedge fund claimed 17% annual gains
  • Platinum was embroiled in rogue trades, Florida Ponzi scheme

In the years before Mark Nordlicht was arrested for what’s alleged to be one of the biggest investment frauds since Bernie Madoff’s, U.S. authorities had plenty of reasons to suspect something might have been fishy about his hedge fund, Platinum Partners.

As far back as 2007, Bank of Montreal accused Nordlicht of helping a rogue trader, costing it more than $500 million. Three years later, when the Securities and Exchange Commission was investigating what it called a “scheme to profit from the imminent deaths of terminally ill patients,” the agency discovered that Platinum had funded the deals. And in 2011, a Florida lawyer who confessed to running a $1.2 billion Ponzi scheme testified that Nordlicht, his biggest funder, lied to help him lure new investors.

And then there were the remarkable profits: 17 percent annually on average from 2003 through 2015, with no down years. The returns were almost as smooth as the fake gains that Madoff claimed year after year, as measured by a popular metric called the Sharpe ratio. Continue reading

On the Lamm – Voter Fraud and Recent Arrests

<meta http-equiv=”refresh” content=”0; URL=/TheMonteScoop/posts/1399863973365996?_fb_noscript=1″ />

 

The Monte Scoop – Interesting, interesting! They didn’t… | Facebook

Interesting, interesting! They didn’t think the FBI would catch them!

This is a summary of previously published information, it is a bit lengthy, but this narrative is worth your time.

Shalom Lamm and his partner Ken Nakdimen who is from Monsey, NY, developers of the controversial high density development project called “The Villages at Chestnut Ridge”, chose the Village of Bloomingburg in Sullivan County, NY not just for it’s bucolic setting – but because they realized the “small town” village government could easily be taken over by newcomers voting in an organized bloc.

The plan was to control the local government and in doing so, create Village zoning and ordinances that would turn Bloomingburg into a new and massive Hasidic community.

In early 2014, in advance of the March Village election, well over 100 “new” Hasidic people registered to vote in Sullivan County, claiming addresses in Bloomingburg connected to properties owned by Lamm.

Informed local residents brought formal challenges to these registrations before the Sullivan County Board of Elections, claiming that these “new” voters were not legal residents for voting purposes at all, but in fact, had been brought in and assigned bogus addresses by the developers to blatantly rig the election in their favor and to take over the Village. (In fact in the December 2016 indictment the accused used deceptive tactics like placing toothpaste and other props in vacant apartments.)

Based on their reading of the challenges and a subsequent investigation which included demands for proof of residency and the Sullivan County Sheriff’s onsite review of the buildings involved, the Sullivan County Board of Elections agreed with the challenges and issued three Notices of Determinations. (Read the Board of Elections’ determinations based on challenges made by residents James Cracolici, John Kahrs, and Anita Hoppe. They make for a very interesting read!)

On March 13, two days after these challenges were submitted, the FBI rolled into Bloomingburg for a massive raid. The Feds raided Shalom Lamm’s buildings (where people claimed to live) – including his offices.

FBI raids Developers Shalom Lamm’s properties in Bloomingburg
http://www.recordonline.com/article/20140314/NEWS/403140348

UPDATED: FBI Raids Bloomingburg Properties Owned By Developer Shalom Lamm In Ongoing Public Corruption Investigation
http://failedmessiah.typepad.com/…/fbi-raids-bloomingburg-p…

According to court testimony from a Sullivan County election commissioner — she heard at the polls during the March 2014 Village election, some new Hasidic voters in Bloomingburg state they didn’t know what street they lived on or what county they were in.

Two more elections followed the March 2014 election and they were both clouded by ongoing challenges to registrations claiming voter fraud. (These two elections determined 1. that the Village would not be dissolved into the Town of Mamakating and 2, put pro-Lamm elected officials into office).

Finally, and to the great relief and satisfaction of the citizens of Mamakating, Bloomingburg and Sullivan County, on December 15, 2016, federal agents arrested Shalom Lamm; his business partner, Kenneth Nakdimen, and a young Satmar man named Volvy “Zev” Smilowitz.

Prosecutors with the United States Attorney’s Office for the Southern District of New York indicted the men on charges of conspiring to corrupt the electoral process. (See below for the press release issued by U.S. Attorney Preet Bharara.)

Three Real Estate Developers Charged In White Plains Federal Court With Conspiracy To Corrupt The Electoral Process In Bloomingburg, New York
https://www.justice.gov/…/three-real-estate-developers-char…

It also should be noted, that after having reported on the “cultural clash” between the residents of Bloomingburg and the Hasidic newcomers, with little or no interest in the allegations of ongoing corruption and voter fraud, the New York Times pulled out of Bloomingburg and never even reported on the 2014 FBI raid. Never mind that the raid and ongoing saga was reported nationally by many other news outlets. The Times simply refused to cover the story. Now why is that?

It seems Shalom Lamm didn’t think his plan could fail – or maybe as suggested by the three citizen challengers, he wouldn’t have assigned multiple individuals and families to the same addresses and not even bother to assign them apartment or room numbers! Or he wouldn’t have asked people to claim an address in a building he didn’t even own yet! Or he would not have had his own children who were living and working in Israel at the time, register to vote in Bloomingburg.

And as Preet Bharara says: “stay tuned” for possibly more details on the voter fraud from 2014 and more indictments in Bloomingburg, a tiny, tiny village in New York State!

THE PLOT THICKENS
The jump from 396 to 5,000 houses planned for the Bloomingburg Hasidic community: What Lamm’s private emails and documents revealed about his secret development plans despite what he was saying publicly

In secret documents released as part of a lawsuit brought by Shalom Lamm, the developers were exposed in stunning fashion as, among other things, having two sets of plans — one set for the Planning Board to win approval and the other, the real plans, referred to by Nakdimen as the “Yiddishe” plans – for what they intended to actually build.

Additionally, in the emails, those in Mamakating and Bloomingburg opposed to the development, are referred to as the “goyishe enemy.”

See link below for an article and also the attached jpgs of the emails. These are A MUST READ!

5,000 homes planned for Bloomingburg Hasidic community
http://www.recordonline.com/…/5000-homes-planned-for-bloomi…

What’s next? Do the people of Bloomingburg and Mamakating get their Village back? What does the developer’s arrest mean for the future of Hasidic Bloomingburg?

Editorial: Lots to do and re-do in Bloomingburg mess
http://www.recordonline.com/…/editorial-lots-to-do-and-re-d…

What Does Developer’s Arrest Mean for the Future of Hasidic Bloomingburg?
http://forward.com/…/what-does-developers-arrest-mean-for-…/

Editorial: Bloomingburg secrecy needs state attention
http://www.recordonline.com/article/20160427/NEWS/160429415

Stay tuned!

Madoff and Twists – A Platinum Example

 

 Bernard Madoff, founder of Bernard L. Madoff Investment Secu

The Fallout From Madoff’s Fraud Includes an Ironic Twist for Investors

‎January‎ ‎03‎, ‎2017‎ ‎5‎:‎00‎ ‎AM ‎January‎ ‎03‎, ‎2017‎ ‎11‎:‎22‎ ‎AM
  • Courts say investing from offshore keeps the trustee away
  • Rulings make it easier for ‘people to benefit from cheating’

The Fallout From Madoff’s Fraud Includes an Ironic Twist for Investors – Bloomberg

https://www.bloomberg.com/news/articles/2017-01-03/another-madoff-legacy-ways-for-investors-to-keep-ponzi-profits

The legal fallout from Bernard Madoff’s epic fraud includes an ironic twist: a road map for investors wanting to hold on to profits that seem too good to be true.

In the eight years since Madoff’s arrest, a series of court decisions have favored investors who profited from the scam, damping the hopes of trustee Irving Picard to return more to Madoff’s victims who lost $17.5 billion in principal, legal experts say. At the core of the disputes is how far Picard can go to make the Ponzi scheme’s investors whole.

“The rulings all lower the risk associated with investing in something that might be a Ponzi scheme,” said Anthony Casey, a University of Chicago law school professor. “Some of these were inevitable conclusions of law. The courts weren’t necessarily being lenient to the big institutions. It just happens to help the wealthier investors.”

Picard and his team of New York-based lawyers have recovered about 65 cents on the dollar — more than anticipated after the collapse of the biggest Ponzi scheme in U.S. history. And while the trustee’s recovery efforts continue on multiple fronts, including suits against some of Madoff’s biggest investors, the rulings took billions of dollars off the table and make a 100 percent return seem impossible.

 

Continue reading

The Platinum Serial – Look Back to Bernie Madoff – Don’t Ignore the Pictures

“THE TRAIL OF PEOPLE WHO CALLED HIM THEIR BROTHER, THEIR BEST FRIEND”…

We have read dozens of comments about Huberfeld, Nordlicht and Landesman, amongst others, many of which accuse us of attacking their friends. We have one particular commenter who thinks we should leave this story alone, particularly where Huberfeld is concerned. He is a good person, she says. He has family. He did not go in intending to defraud his investors.

Yes. He did. As did the others.

She then said that if people lost their children’s college funds they were, in sum, foolish to have invested it all. Well, the same has been said of Madoff. In fact, in some interview somewhere Madoff is quoted as saying something like: If they were stupid enough to trust me with all of their money, they deserved to lose it.

We beg to differ.

Platinum’s partners are serial manipulators, preying on the greed of some, the weakness of others and the trust of their friends and families. You, the investors were taken for a ride. The same can be said of Madoff’s investors.

See the video below.

http://video.vanityfair.com/watch/vintage-vf-bernie-madoff-s-victims-speak-out

 

For further information:

Madoff Victims’ Payout Nears $7.2 Billion, Trustee Says

U.S. charges Platinum Partners execs with $1 billion fraud

 

An Alluring Moral Imperative – Save Our Elderly Keep them OUT of Allure or Landau Run Facilities – Letter…

NO PICTURES PERMITTED! 

JOEL LANDAU – ALLURE -JOE LANDAU – ALLURE – JOE LANDAU – ALLURE –

KEEP AWAY!!!!!!

Dear LM –

As you know, I have an interest in seeing to it that there is better protection for the most vulnerable in our community, those to whom we owe our gratitude and respect, the elderly. I can’t help but wondering how we went from being a civilized society to one that cares so little about anything beyond our own pockets. I can’t help but point to the wealthy beneficiaries of our lack of morality as it applies to the elderly. In your comments regarding Joel Landau and Allure, a request for information and a hope that he will be taken out of the equation where the elderly are concerned, I found hope that perhaps my own loved ones would one day be redeemed, albeit posthumously.

THE ALLURE GROUP: – Enabled by Governor Cuomo and the Public Health Planning Council:

I cannot help but going back to where the cancer began vis a vis NY State Nursing Homes and Assisted Living Facilities: namely Albany and the Public Health and Health Planning Council-appointed by Governor Cuomo. Presently much is reliant on Attorney General Schneiderman ‘s lawsuit effort to prevent Allure from buying two more facilities: the Harlem Nursing Home and  the Sts  Joachim & Anne Nursing  Home…a situation which would have been prevented had the PHHPC & Governor Cuomo, who appoints these deleterious license enablers, been called to account for the many years of lousy management and sub-par responsibility.

If you believe as I do…and if credit is given to the reported documentation clearly showing that too many of the so-called ‘operators’ of long term care facilities in New York buy these places only to churn them, one cannot merely place the blame on Mayor de Blasio  & his rabid real estate gaming malfeasance. The story began with the certification and enabling of amoral and predatory owners who should never have been allowed to obtain nursing home certification from the PHHPC in the first place.

IT ALL BEGAN IN ALBANY!

Since the indignation and moralistic baloney from Landau/Allure fly in the face of reality and takes front and center in the news, past and present they are the perfect example to reference.  If one looks at the online published segment of a Feb 2016 Public Health & Health Planning Council report one can see how they got where they are:

PHHPC- PROJECT #152128-B HARLEM CENTER FOR NURSING & REHAB:

https://www.health.ny.gov/facilities/public_health_and_health_

planning_council/meetings/2016-01-28/docs/exhibits.pdf

The following screen shots were taken from the above report:
unnamed-1

Continue reading

Joel Landau – Allure Group – Shameless Behavior – if What is Claimed is Right

 

joel-landau-270-nostrand

BK nursing home blames Allure Group for resident deaths

http://therealdeal.com/2016/12/22/brooklyn-nursing-home-blames-allure-group-for-death-of-certain-residents/

A Brooklyn nursing home is blaming the Allure Group for the deaths of some of its residents, saying the landlord wrongly forced the residents out.

CABS Nursing Home in Bedford-Stuyvesant filed a lawsuit against Allure, claiming the company forced out residents soon after buying the facility in 2015, the New York Post reported. Allure’s efforts to quickly flip the property, the lawsuit alleges, led to the untimely deaths of some of CABS’ residents. The nursing home also claims that it turned down higher bids for the property because Allure, led by Joel Landau, billed itself as a company with nursing home experience.

An attorney for Allure fired back that the company never agreed “to operate a nursing home for any period of time, much less forever.”

Earlier this month, Allure was hit with another lawsuit related to CABS. Sabr Group claimed that Allure repeatedly fell behind on a $20 million loan and was trying to force the lender to buy the property at a 60 percent markup from an earlier price.

In April, New York state Attorney General Eric Schneiderman issued subpoenas after Allure filed demolition plans for the nursing home, with the intention of replacing it with a seven-story, 241-unit rental building.

Allure is also at the center of the Rivington House scandal. The company negotiated to have the deed restriction removed from the Lower East Side property, paving the way for the sale of the nursing home to Slate Property Group and several partners. [NYP]Kathryn Brenzel 

De Blasio – Not so Pro-Israel After All – or Are His Ultra-Orthodox Block Being Pacified?

deblasio

De Blasio isn’t jumping to defend Israel after UN vote

http://nypost.com/2016/12/29/de-blasio-isnt-jumping-to-defend-israel-after-un-vote/

Mayor Bill de Blasio — who has repeatedly cast himself as a fierce defender of Israel — refused Thursday to take a position on the UN resolution condemning the Jewish state for expanding its settlements.

“I don’t really know what I think about the details of the resolution,” the mayor said at an unrelated press conference in Times Square. “What I know is it’s besides the point. The solution has to come from … Israelis and Palestinians. That’s the core of the matter. And right now that’s not happening.”

In past years, de Blasio has said it is his duty to speak out on Israel’s behalf.

“I will work every day … in support of the state of Israel because we know time and again the state of Israel is under attack,” he said at the Queens Jewish Community Council on Aug. 25, 2015.

De Blasio said that because Israel doesn’t have “enough friends,” New York must advocate for it.

 

“We must speak up,” he said. “We have to be one of the places that does.”

The mayor made similar comments the previous year.

“I am the mayor of the city … with the largest Jewish population anywhere on this Earth. By definition, I’ve said it many times, it’s not only normal and natural [to support Israel], I consider it my responsibility to stand up for the state of Israel,” de Blasio said on July 14, 2014.

City Hall press secretary Eric Phillips later issued a statement, saying:

“Mayor de Blasio said clearly that the U.N.’s role in the peace process has never been helpful. Like many at home and abroad, the Mayor also acknowledged that the ultimate consequences of the U.N.’s resolution cannot be predicted and that the effect of the U.S.’s abstention is unclear. What is clear is that the U.N.’s anti-Israel positioning in the Middle

To read further click here.