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

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.

Shlomo Rechnitz – #1 of the Top 10 Bad Actors and Bad Looks…

http://www.northcoastjournal.com/humboldt/top-10-dick-moves/Content?oid=4251355

The North Coast Journal Presents:

Top 10 Dick Moves

The year in bad actors and bad looks

Some ill deeds, large or small, illegal or just plain wrong, go unpunished. This year had its share of shady deals and self-serving choices, not to mention a few jackasses who seemed to do wrong for no damn reason. Here we pay tribute to 10 jerks who made us roll our eyes, curl our lips and pound our desks. These, dear reader, were some dick moves.

….

1. Shlomo Rechnitz

We have a winner. The game of chicken this out-of-area billionaire played with skilled nursing facilities — threatening closure in a bid for more state cash — was a greed-driven dick move that jeopardized some of the most vulnerable members of our community: the elderly he is charged with caring for. F— that guy.

Fortune Magazine’s Top 7 Hedge Fund Disasters

To read the article in its entirety click here.

From Fortune Magazine:

… although hedge funds’ middling performance this year was somewhat of an improvement, many of their managers undoubtedly can’t wait for the year to end. Some are in deep trouble with the law or their shareholders or both—and some are out of business entirely. Read on for the biggest hedge fund meltdowns of 2016.

1. Platinum Partners

Platinum Fund's World-Beating Returns Undercut By Indictment
Mark Nordlicht, co-founder of Platinum Partners, left, exits federal court in Brooklyn on Dec. 19, 2016. Nordlicht and several associates were charged with fraud. Photograph by Michael Nagle — Bloomberg via Getty Images 

Early this year, a growing chorus began to question whether Platinum Partners’ market-beating performance was too good to be true. Claiming 17% annual returns since 2003 in its flagship fund despite multiple blowups of its high-risk portfolio companies—including several that had gone bankrupt—the hedge fund’s co-founder Mark Nordlicht appeared to possess a “peculiar genius,” according to a Reuters article in April. Then in December, Nordlicht was arrested along with five others and charged with perpetrating a $1 billion fraud that federal prosecutors called a Ponzi-like scheme—one of the largest such frauds since Bernie Madoff’s. The government alleged that the hedge fund was faking its numbers, artificially inflating the value of some investments that in fact were worthless.

Platinum Partners had already begun liquidating the flagship fund in June, after struggling to meet investors’ requests to withdraw their money, and had filed for bankruptcy protection in October . In addition to the fraud investigation, the hedge fund was also facing charges of bribery, which had resulted in the arrest of another Platinum Partners co-founder and an FBI raid of its offices in June.

2. Visium

Key Speakers At The 2014 SALT Conference
Jacob Gottlieb, chief investment officer of Visium Asset Management, speaks during the SkyBridge Alternatives (SALT) conference in Las Vegas in 2014. Photograph by Jacob Kepler —Bloomberg via Getty Images 

File this under white-collar tragedies: In June, less than a week after being charged with insider trading, Visium hedge fund manager Sanjay Valvani, 44, committed suicide at his home. Federal prosecutors had accused Valvani of making $32 million in illicit profits by trading in pharmaceutical stocks using confidential FDA information. Valvani’s tipster, a former FDA official, pleaded guilty to charges with a maximum penalty of five years in prison and $5 million in fines. Two former Visium portfolio managers were also charged; one pleaded guilty, while the other is fighting the allegations in court.

Neither Visium itself nor its founder and CIO Jacob Gottlieb were implicated in the crime, but Gottlieb chose to shut down the $8 billion hedge fund anyway. The whistleblower in the insider trading investigation: A former trader at Visium itself, according to Bloomberg.

3. Bill Ackman and Valeant

Valeant Pharmaceuticals International Inc. Executives Testify At Senate Hearing On Drug Prices
Bill Ackman, CEO of Pershing Square Capital Management, right, speaks as Howard Schiller, former CFO of Valeant Pharmaceuticals, center, and Michael Pearson, Valeant’s former CEO, listen during a Senate Special Committee on Aging hearing on Valeant’s drug pricing. Photograph by Andrew Harrer — Bloomberg/Getty Images 

Here’s a record most hedge fund managers would rather not break: After Bill Ackman’s Pershing Square delivered its worst performance in history in 2015, down 20.5% after fees, 2016 was on track to be even worse. In the first 10 months of this year, the publicly traded Pershing Square fund had lost 22.5%, after Ackman disastrously doubled down on his investment in troubled drugmaker Valeant (VRX, -1.81%). In all, that investment has cost him more than $3 billion in losses, as Valeant stock has plummeted 95% since its peak in 2015.

Since the presidential election, though, some of Ackman’s other holdings have buffered his returns, particularly Fannie Mae (FNMA, +1.27%), whose stock price has more than tripled on hints that Donald Trump’s administration might seek to privatize the mortgage giant. Herbalife (HLF, +0.59%) stock, which Ackman has long been shorting—or betting against—has also recently struggled, down nearly 12%, boosting Pershing Square’s performance. The hedge fund is now only down 12.2%, as of Pershing’s weekly performance report on Dec. 13, though its publicly traded stock has fallen 28% year to date. And after two years of steep losses while the broader market has risen, the pressure is on Ackman to make up for it with big returns next year.

4. Leon Cooperman, Omega Advisors

Omega Advisors Inc. Chairman And Chief Executive Officer Leon Cooperman Interview
Leon Cooperman, chairman and chief executive officer of Omega Advisors LLC, speaks during a Bloomberg Television interview in 2013. Bloomberg via Getty Images 

In September, venerable hedge fund veteran Leon Cooperman, CEO of Omega Advisors, was charged with insider trading. The Securities and Exchange Commission accused Cooperman of making $4 million on illegal trades of an energy company’s stock, using information he allegedly gleaned from an executive in confidence, promising he wouldn’t trade on it. Cooperman, 73, denied the charges. The SEC had reportedly tried, unsuccessfully, to offer the hedge fund manager a deal that would ban him from Wall Street, but Cooperman refused.

Cooperman may still live to regret that decision: A Supreme Court ruling earlier in December bolstered the government’s tool box when prosecuting insider trading.

5. John Paulson

Paulson's Biggest Hedge Fund Said To Lose 11 Percent This Year
John A. Paulson, president of Paulson & Co. Rick Maiman—Bloomberg via Getty Images 

In the middle of 2015, John Paulson’s hedge fund Paulson & Co.—famous for making billions betting against the subprime mortgages that led to the 2008 financial crisis—had $21.7 billion in its equity funds. Today, more than half of that is gone: Paulson’s stock portfolio is only worth $9.2 billion, as of its latest regulatory filings. The hedge fund manager took a wrong turn when he put $2 billion in Valeant—once among his top holdings, before Valeant stock declined precipitously—and made billion-dollar bets on other pharmaceutical companies, including Shire (SHPG, +0.03%), Allergan (AGN, +0.71%), Mylan (MYL, +0.21%) and Teva (TEVA, -1.30%). Those four stocks currently make up Paulson’s largest four holdings, but have suffered on concerns over drug price hikes—which politicians have threatened to regulate—as well as a government investigation into generic drug price-fixing, which has led to civil charges against Mylan and Teva.

Together, the five pharmaceutical stocks have generated at least $4 billion in losses for Paulson’s fund, Fortune estimates. And while some of those stocks got a boost following Trump’s victory in the presidential election—partly on the belief that the Trump administration will go lighter on pharmaceutical regulation than Hillary Clinton would have—Paulson, who himself is part of Trump’s inner advisory circle, missed out on some of the gains, having sold down his drug company positions just before their rally, according to securities disclosures.

But even the drug stock losses don’t entirely account for the huge $12 billion dent in Paulson’s fund since last year. Paulson’s investors are also having a crisis of confidence: They’ve pulled $2.5 billion out of the hedge fund this year alone, according to a person close to the firm. Among those abandoning Paulson is Anthony Scaramucci, the influential founder of hedge fund “fund of funds” investment firm SkyBridge Capital, which had withdrawn the last of its Paulson investment by mid-2016. It’s unclear whether another high-profile investor is still sticking with Paulson: President-elect Trump himself, who at one point had at least several million dollars invested in the hedge fund, according to Trump’s most recent financial disclosure in May.

6. Och-Ziff

Daniel S. Och, chairman and chief executive officer of Och-Z
Daniel Och, chairman and chief executive officer of Och-Ziff Capital Management Group LLC, speaks at the World Economic Forum in Davos, Switzerland in 2009. Photograph by Bloomberg — Getty Images 

Daniel Och and his hedge fund firm Och-Ziff Capital Management (OZM, +0.66%) found themselves in hot water this year after one of the firm’s foreign funds got mixed up in a bribery scandal in Africa. In September, Och-Ziff’s African subsidiary pleaded guilty in a U.S. federal court to bribing officials in the Democratic Republic of Congo in exchange for access to exclusive mining deals in which to invest. Och-Ziff and its founder agreed to pay more than $414 million to settle the investigation.

Prosecutors said the corruption went further, with Och-Ziff bribing Libyan officials in order to land an investment from that country’s sovereign wealth fund, and committing other offenses in Africa. But the settlement includes a deferred prosecution agreement that allows the hedge fund to escape further charges if it maintains good behavior. Still, the investigation has spawned other problems at Och-Ziff: Its stock price is down more than 51% so far in 2016, and it recently topped a list of hedge funds with the biggest decline in assets this year.

7. SunEdison


David Einhorn, left; solar panels installed by SunEdison in the Atacama Desert. Getty Images; Reuters 

As disastrous an investment as Valeant was for many hedge fund managers, SunEdison (SUNE) did almost as much damage to those who were still invested when the renewable energy company went bankrupt in April. SunEdison’s fate was especially painful for hedge fund manager David Einhorn, founder of Greenlight Capital, who had believed so much in the company that he presented his case for investing in it in a 50-slide presentation in 2014. Einhorn managed to dump most of his SunEdison stock before it officially filed for Chapter 11, preserving his fund’s returns—but not before the debacle led some shareholders to pull out a chunk of the fund’s assets. (SunEdison had hurt Einhorn’s performance significantly in 2015, when his fund was down more than 20%, one of his worst years ever).

Please read the article in its entirety: http://fortune.com/2016/12/27/hedge-fund-disasters-ackman-platinum-partners-2016/

Mark Nordlicht, Westchester Torah Academy – Hogwarts and Platinum’s Magical Missing Money

 

projectpartners

The Mark Nordlicht Connection… Following the Money?

Mark Nordlicht was the founder of an organization called the “Affordable Jewish Education Project” (www.ajeproject.com).  The address for the AJE Project was the New York address for Platinum Partners, same address and same floor. There is no mistaking that they are one in the same. Platinum owns the entire floor.
Yet, interestingly,  all mention of Nordlicht has been removed from the AJE website; and two days ago we were able to find a previous archive page from an earlier capture of the site with Nordlicht’s name on it. As of today, we cannot.
In fact, a glance at the website of the AJE Project makes it look like all but a legitimate organization. That is, with the exception of Nordlicht’s now absent involvement.
Westchester Torah Academy, however, is a link that has not yet been broken.

Continue reading