Seabrook, a Relatively non-Savvy, non-Orthodox Jew up Against a System Rigged to Keep the Orthodox Out of Prison or in Ottisville
We believe that if anyone deserves a lengthy prison sentence for the COBA investment scheme and subsequent losses the members incurred, it is the person or people responsible for the sham investment strategy in which Seabrook invested. Norman Seabrook should not be standing alone. Seabrook was enticed to Platinum by Murray Huberfeld, Jona Rechnitz, Jeremy Reichberg and others connected past or present to Platinum Partners on promises of extraordinarily high returns. He was bated, hook, line and sinker.
We believe that while Seabrook may have sold out the people entrusted by him to maintain the safety of their investments, he was simply too lacking in savvy to know how artfully he was duped. He was drawn in by the glitz, glamour and ego- stroking of those who bribed him to invest in their fund. They knew he was going to lose his shirt and the investments of every one of the COBA members. Anyone who thinks differently simply does not know the dynamic. We would tend to believe that the entire affair has left him far from penniless and those for whose investments he was responsible should be outraged. But, he was not the person they should have trusted to do the investing. He had motive, opportunity and not enough smarts to run in the opposite direction.
Perhaps Norman Seabrook should have asked himself some more intelligent questions like why they were pushing such a hard sell. Why was he being brought to Israel and treated like a king? Why were Orthodox Jews, who really are generally quite “anti-schvartze” (racist, to put it kindly) spending so much time wooing him? The reality is, “tachlis” (in not so many words), the Orthodox men who were responsible for Platinum, its years of scheming and defrauding investors, likely had numerous laughs over all of the people they conned and continue to scam, Seabrook being the black man who worked his way to the top, an admirable quality but still a Shvartze.
To our point, quoting from Too Good to Be True about the rise and fall of Bernie Madoff and speaking on the subject of Ezra Merkin, one of Madoff’s earliest investors, Erin Arvedlund writes: “Wall Street is just twenty guys selling each other stuff, while some schwartzer in the basement does all the work,” Merkin would joke privately. Publicly, however, Merkin acted like a Wall Street sage.” Seabrook could be described as a step up from the guy in the basement; but likely there are those who are still finding his involvement a point of good humor, particularly those who are facing lighter sentences than Seabrook.
Sadly, he lavished in the lifestyle they were offering him. One can almost hardly blame him. The men who enticed him are practiced con artists, with a lifetime of experience, born into privilege and by no means altruistic or compassionate. They are responsible for duping the members of COBA who have lost millions and ultimately it is because of them that those members will likely NEVER recover all of their losses. Seabrook wanted his palms greased and in exchange thought he’d increase a portfolio of assets. Platinum knew they were taking money that would cover other losses and it is each and every one of those men for whom the Court’s contempt should be obvious, swift and harsh. The Platinum Partners’ partners were lacking in conscience and compassion when they destroyed the COBA investments and it is they in our view who should pay harshly. But will they? White, Jewish, privileged and politically well-connected, probably they will not.
Norman Seabrook, in all of his arrogance as seen in photographs was as much a victim as he was a perpetrator. Sadly, if he had a true “in” with the Chabad/Orthodox community with whom he was fraternizing, he would be sitting with Murray Huberfeld, facing far less time. The color of his skin, the lack of privilege in multiple forms, and the lack of Orthodox providence says a lot in our view.
One must wonder if anyone not connected to the Orthodox community in Brooklyn or NYC can ever have an even remotely fair shake, and that includes Norman Seabrook.
Ex-NYC jail labor boss Norman Seabrook ‘sold out his union,’ deserves five years in prison: prosecutors