http://tpmcafe.talkingpointsmemo.com/talk/blogs/mrs_panstreppon/2009/03/bernie-madoff-how-long-has-thi.php
Bernie Madoff: How Long Has This Been Goin' On?
Your friends with their fancy persuasions won't admit that they're part of a scheme But I can't help but have my suspicions 'cause I ain't quite as dumb as I seem...
These corporate registrations raise some questions about how Bernie's business operated over the years.
This week, Bernie's former messenger, William Nasi, told us that Bernie's father, Ralph, a former plumber, and his mother, Sylvia, got into the investment business in the '50s. Sylvia Madoff was cited by the SEC in 1964 for failing to renew her brokerage license. At the time she was doing business as Gibraltar Securities which does not appear to have been registered with New York Secretary of State. But two other corporate registrations raise the possibility she registered the company elsewhere.
Gibraltar Securities Co.(Inc.) was registered in New Jersey in 1968 and Gibraltar Securities of Florida Inc. was registered in Florida in 1970. Unfortunately, the names of the officers and directors are not available.Saul Alpern, Ruth Madoff's father and an accountant, helped Bernie get the investment business started in the early '60s. After he moved to Florida, Alpern apparently continued in the investment business when, at the age of 80, he registered Onondaga Investment Co., Clinton Investment Co. and Sheraton Investment Corp. in 1984. His business partner was Bruce M. Stiglitz, an L.A. tax attorney who specialized in the movie industry.
Did Saul Alpern put the investment companies together or was he a front for Bernie or someone else?
Cohn, Delaire & Madoff, Inc. at 1 East 57th St., NYC, was registered in New York State on 6/6/1986 and dissolved by proclamation on 6/24/1992. The "Cohn" is almost certainly Maurice Jay Cohn, a long-time business associate of Bernie's who owns a piece of Cohmad Securities. Alvin Delaire is a long-time associate of both Cohn and Madoff who works for Cohmad.
The date of the Cohn, Delaire & Madoff dissolution is significant because within three months of the dissolution, the SEC opened an official investigation into Avellino & Bienes for selling more than $440 million in unregistered securities funneled to Bernie. At the same time, Steven Mendelow and Edward Glantz were also investigated for selling $88 million in unregistered securities funneled from their firm, Telfran Associates Ltd. to Bernie.
If Cohn, Delaire & Madoff was another feeder fund or in some other way linked to the investment scheme, it may have been shut down in anticipation of the SEC investigation. If that is true, Maurice Cohn and Alvin Delaire would appear to be more directly involved in the scheme than previously known.
On 12/4/2000, Bernard L. Madoff Securities LLC was registered in New York and Shana Madoff was listed as the contact. Previously, the company had been Bernard L. Madoff, a sole proprietorship. On 12/21/2000, Madoff Brokerage & Trading Technologies LLC was also registered and Peter Madoff was listed as the contact.
At the same time, Bernie personally loaned $37 million to his London company, Madofff International Securities Ltd., moved to a bigger office and increased the staff to about 30 employees. A year later, he loaned another $25 million to MISL.
On paper, it looks like Bernie Madoff restructured and expanded the scope of his operations in late 2000, a theory that is reinforced by yesterday's news that the London company appears to be involved in the fraud.
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Bernie Madoff: What role did Cohn, Delaire & Madoff, Inc. play in 1992 SEC investigation?
(Updated 9/6/09 to include reference to 6/24/92 SEC memorandum.)
In June 1992, several customers of an investment firm known as Avellino & Bienes approached the SEC conveying concerns about investments they had made. - SEC Executive Summary of Madoff Investigation
After receiving the information from the Avellino & Bienes' customers, the then-Acting Enforcement Branch Chief and former New York Enforcement Staff Attorney contacted Frank Avellino. Former New York Enforcement Staff Attorney June 24, 1992 Memorandum, at p. 1, at Exhibit 1. - SEC OIG Report on Madoff Investigation
Name:COHN, DELAIRE & MADOFF, INC.
Status:DISSOLUTION BY PROCLAMATION
Date of Status:06-24-1992 - Madoff Corporate Registrations
CIVIL DOCKET FOR CASE #: 1:92-cv-08314-JES
11/18/19921 ORDER, sealing case ( signed by Judge Kenneth Conboy )
- SEC vs. Avellino & Bienes, 1992
Cohn, Delaire & Madoff, Inc. was voluntarily dissolved on June 24, 1992. On the same day, an SEC staff attorney issued a memorandum about the status of a preliminary investigation into Avellino & Bienes. The investigation was opened after investors filed complaints about A&B in June 1992 or earlier.
No one has publicly disclosed the business purpose of Cohn, Delaire & Madoff but it sure looks like someone was in a hurry to shut it down after the SEC became interested in A&B.
According to the SEC OIG's report, the June 24,1992 memorandum refers to contact with Frank Avellino about the nature of A&B's investment business. Avellino probably told Bernie that he had heard from the SEC and, for some reason, Cohn, Delaire & Madoff, Inc. had to disappear.
Cohn Delaire & Madoff may have been another feeder fund, given its June 1986 registration date. At least two or more feeder funds were registered around the same time period. Telfran Associates Corp. was registered in late December 1982, Cohmad Securities Corporation was registered in February 1985. Another possible feeder fund, SJK Investors Inc., was registered in January 1985.
"Cohn" is very likely Maurice J. "Sonny" Cohn and "Delaire" is very likely Alvin J. Delaire, Jr. Cohn was a principal and Delaire was an agent of Cohmad. Both men are the target of a lawsuit filed by the Madoff bankruptcy trustee who is suing to recover millions of dollars in commissions that Bernie paid Cohmad agents. Cohn and his daughter, Marcia, have been charged with fraud by the SEC.
If "Madoff" is Bernie's brother, Peter, and Cohn, Delaire & Madoff was a feeder fund, Peter's involvment in the investment advisory business was more hands on than what has been publicly disclosed to date. If the SEC gave Peter a pass, the SEC comes off looking guilty of more than just incompetence.
Peter Madoff was elected vice-chairman of NASD in November 1992
The records in the Avellino & Bienes case should be unsealed. Why they were sealed in the first place is enough cause for concern.
http://www.cii.org/iwgInfo
http://kennysideshow.blogspot.com/2009/03/ptech-and-amazing-story-of-indira-singh.html
EXCERPT:
There's also a "Bernie" Madoff connection to this crime.
When Bernie was making off with that loot that was making aliyah to Israel, the boss of the SEC was Arthur Levitt, who played the "See no Evil" and "Hear no Evil" part to perfection while Bernie was escorting loads of cash out of the USA.
Levitt grew up in a Brooklyn Jewish family.
Arthur Levitt Jr. (born 1931) was the twenty-fifth and longest serving Chairman of the United States Securities and Exchange Commission (SEC) from 1993 to 2001. Since May 2001 he has been employed as a senior adviser at the Carlyle Group.
SEC head from the first WTC attack in 1993 to the eve of the 2nd on 9/11/2001.
If a group of people were needing to move large amounts of cash and stock around to finance a terrorist attack, they sure had their back covered during this time.
The Carlyle Group is a shadowy bunch of war mongers and profiteers, chock full of Zionist and Neocons and at least one ex-prez, George Bush Sr.
http://en.wikipedia.org/wiki/Arthur_Levitt
What's Mr. Levitt up to these days? Helping AIG suck hundreds of billions of American tax dollars out of this country.
Mr. Levitt serves on the Board of Directors for RiskMetrics Group.
In 2005, Levitt was named a special advisor to the American International Group's board of directors and the board's nominating and corporate governance committee following the resignation of CEO and Chairman Maurice "Hank" Greenberg, who left after an investigation into the firm's accounting practices by New York Attorney General Eliot Spitzer.
Levitt oversaw an audit published in August 2006, by Kroll Inc. -- where he is a consultant -- describing how the City of San Diego had allowed a pension deficit of $1.43 billion. The report blamed around 30 city officials, including five incumbent council members. According to the San Diego Union Tribune [1], Kroll charged the City of San Diego $21 million for the report, with Leavitt's time billed at $900 per hour.
AIG is now in charge of numerous American ports, a change that was able to transpire after all the hell raised in the MSM about the Dubai Ports deal and even though raving Zionist Wolf Blitzer investigated DP and said they had an excellent security record.
That flying a jet liner into a building might be a difficult trick to pull off again, too many people with cell phone cameras and way too many asking questions about 9/11.
But their aren't many cell phones in ports, especially nearby old, run down looking tramp freighters, allegedly registered in Lebanon or Iran and that contain a dirty bomb.
After receiving the information from the Avellino & Bienes' customers, the then-Acting Enforcement Branch Chief and former New York Enforcement Staff Attorney contacted Frank Avellino. Former New York Enforcement Staff Attorney June 24, 1992 Memorandum, at p. 1, at Exhibit 1. - SEC OIG Report on Madoff Investigation
Name:COHN, DELAIRE & MADOFF, INC.
Status:DISSOLUTION BY PROCLAMATION
Date of Status:06-24-1992 - Madoff Corporate Registrations
CIVIL DOCKET FOR CASE #: 1:92-cv-08314-JES
11/18/19921 ORDER, sealing case ( signed by Judge Kenneth Conboy )
- SEC vs. Avellino & Bienes, 1992
Cohn, Delaire & Madoff, Inc. was voluntarily dissolved on June 24, 1992. On the same day, an SEC staff attorney issued a memorandum about the status of a preliminary investigation into Avellino & Bienes. The investigation was opened after investors filed complaints about A&B in June 1992 or earlier.
No one has publicly disclosed the business purpose of Cohn, Delaire & Madoff but it sure looks like someone was in a hurry to shut it down after the SEC became interested in A&B.
According to the SEC OIG's report, the June 24,1992 memorandum refers to contact with Frank Avellino about the nature of A&B's investment business. Avellino probably told Bernie that he had heard from the SEC and, for some reason, Cohn, Delaire & Madoff, Inc. had to disappear.
Cohn Delaire & Madoff may have been another feeder fund, given its June 1986 registration date. At least two or more feeder funds were registered around the same time period. Telfran Associates Corp. was registered in late December 1982, Cohmad Securities Corporation was registered in February 1985. Another possible feeder fund, SJK Investors Inc., was registered in January 1985.
"Cohn" is very likely Maurice J. "Sonny" Cohn and "Delaire" is very likely Alvin J. Delaire, Jr. Cohn was a principal and Delaire was an agent of Cohmad. Both men are the target of a lawsuit filed by the Madoff bankruptcy trustee who is suing to recover millions of dollars in commissions that Bernie paid Cohmad agents. Cohn and his daughter, Marcia, have been charged with fraud by the SEC.
If "Madoff" is Bernie's brother, Peter, and Cohn, Delaire & Madoff was a feeder fund, Peter's involvment in the investment advisory business was more hands on than what has been publicly disclosed to date. If the SEC gave Peter a pass, the SEC comes off looking guilty of more than just incompetence.
Peter Madoff was elected vice-chairman of NASD in November 1992
The records in the Avellino & Bienes case should be unsealed. Why they were sealed in the first place is enough cause for concern.
http://www.cii.org/iwgInfo
http://kennysideshow.blogspot.com/2009/03/ptech-and-amazing-story-of-indira-singh.html
EXCERPT:
There's also a "Bernie" Madoff connection to this crime.
When Bernie was making off with that loot that was making aliyah to Israel, the boss of the SEC was Arthur Levitt, who played the "See no Evil" and "Hear no Evil" part to perfection while Bernie was escorting loads of cash out of the USA.
Levitt grew up in a Brooklyn Jewish family.
Arthur Levitt Jr. (born 1931) was the twenty-fifth and longest serving Chairman of the United States Securities and Exchange Commission (SEC) from 1993 to 2001. Since May 2001 he has been employed as a senior adviser at the Carlyle Group.
SEC head from the first WTC attack in 1993 to the eve of the 2nd on 9/11/2001.
If a group of people were needing to move large amounts of cash and stock around to finance a terrorist attack, they sure had their back covered during this time.
The Carlyle Group is a shadowy bunch of war mongers and profiteers, chock full of Zionist and Neocons and at least one ex-prez, George Bush Sr.
http://en.wikipedia.org/wiki/Arthur_Levitt
What's Mr. Levitt up to these days? Helping AIG suck hundreds of billions of American tax dollars out of this country.
Mr. Levitt serves on the Board of Directors for RiskMetrics Group.
In 2005, Levitt was named a special advisor to the American International Group's board of directors and the board's nominating and corporate governance committee following the resignation of CEO and Chairman Maurice "Hank" Greenberg, who left after an investigation into the firm's accounting practices by New York Attorney General Eliot Spitzer.
Levitt oversaw an audit published in August 2006, by Kroll Inc. -- where he is a consultant -- describing how the City of San Diego had allowed a pension deficit of $1.43 billion. The report blamed around 30 city officials, including five incumbent council members. According to the San Diego Union Tribune [1], Kroll charged the City of San Diego $21 million for the report, with Leavitt's time billed at $900 per hour.
AIG is now in charge of numerous American ports, a change that was able to transpire after all the hell raised in the MSM about the Dubai Ports deal and even though raving Zionist Wolf Blitzer investigated DP and said they had an excellent security record.
That flying a jet liner into a building might be a difficult trick to pull off again, too many people with cell phone cameras and way too many asking questions about 9/11.
But their aren't many cell phones in ports, especially nearby old, run down looking tramp freighters, allegedly registered in Lebanon or Iran and that contain a dirty bomb.
http://digging101.us/
http://www.reuters.com/news/video/story?videoId=168290296
Mark Madoff commits suicide
http://www.nydailynews.com/news/ny_crime/2010/12/11/2010-12-11_bernie_madoffs_son_mark_hangs_himself_in_soho_apartment_sources_say.html
Mark Madoff, oldest son of Bernie Madoff, hangs himself with dog leash in SoHo apartment
Originally Published:Saturday, December 11th 2010, 9:05 AM
Updated: Sunday, December 12th 2010, 5:00 PM
Updated: Sunday, December 12th 2010, 5:00 PM
Santos for News
Mark Madoff was found dead in his SoHo apartment Saturday morning. He apparently killed himself with his son in the next room, sources say.
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