Two officers were shot, one killed, outside of Jamaica Hospital in New York City’s Queens borough. Police Commissioner James P. O’Neill briefs the media on the latest information the NYPD has.
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District Judge Alvin K. Hellerstein Got It Right, Those Who Think Otherwise Are Missing the Point
Murray Huberfeld in November 2017 outside federal court in lower Manhattan. Photo Credit: Charles Eckert
We believe, in no uncertain terms, that District Judge Alvin K. Hellerstein, got it very right to the extent of his available sentencing capacity when he sentenced Platinum founder Murray Huberfeld to 30 months and $19M.
Judge Hellerstein understood the magnitude of the crime that Huberfeld perpetrated on the COBA members. He was clearly aligned with he notion that you cannot punish the bribed without punishing the person or people who orchestrated the scheme underlying that bribe. And Platinum Partners in all its glory was a scheme. Hellerstein recognized that Huberfeld’s “conduct was not only corrupt and criminal, but led to the loss of millions of dollars of union retirement benefits,” Manhattan U.S. Attorney Geoffrey Berman said.
According to the article in the Daily News “
Prosecutors considered Huberfeld, who was the briber, less culpable than Seabrook, the bribe-taker. Assistant U.S. Attorney Martin Bell noted that Seabrook had deceived the correction officers he represented.
“(Huberfeld) didn’t know the correction officers. They didn’t know him. He had no responsibility to them,” Bell said.
Huberfeld attorney Henry Mazurek insisted that his client had not known that Platinum was doomed at the time he paid the bribe. Rather, Huberfeld had sought out COBA — using crooked Mayor de Blasio donor Jona Rechnitz as an intermediary — to boost his own status within the hedge fund.
For Assistant US Attorney, Martin Bell, to agree with Huberfeld’s attorneys is ridiculous. With all due respect it shows a fundamental lack of understanding of our financial system, a lack of clarity with regard to Huberfeld’s long history of trampling on our legal and financial system and a lack of disregard for the victims of Platinum’s fraud. US Attorney Martin Bell should be celebrating the work he did that led to Judge Hellerstein’s rulings, rather than giving impetus for a litany of appeals on the part of Marty Huberfeld.
We applaud Judge Hellerstein’s comments with regard both to Huberfeld’s attorneys’ statements and if in agreement the statements of Bell when, as the Daily News states:
But Hellerstein called that argument “nonsense.” He held Seabrook, Rechnitz and Huberfeld jointly liable for the loss of the investment.
Hellerstein’s assessment of the absurdity of this argument speaks volumes.
Under legal regulatory guidelines a person who pedals an investment has a fiduciary duty to the investor, whether they know that investor or not. For a contrary argument to have even been raised highlights a lack of understanding of the SEC and the protections put in place to safeguard investments.
Were COBA to have been an ERISA fund, the fiduciary duty would have been greater. These were the livelihoods of people at stake, their futures and those of their children and grandchildren we placed at risk. And Murray Huberfeld knew it the moment he solicited the investment and bribed Norman Seabrook to transfer funds. The COBA investments and the fiduciary duty of Platinum’s partners and Norman Seabrook are the very foundation of investment policy. And they are no less legally bound.
The bribery and fraud underlying the loss of those investments was criminal. It lacked moral boundaries, put the foundation of the US financial system at risk and raises questions regarding the safeguards in place for investors.
Assistant US Attorney Martin Bell’s comments, if not taken out of context in the various new articles, increases the magnitude of the risks that Huberfeld and those like him pose to investors, if appropriate punishments are not levied.
A hedge fund founder from Lawrence who was part of a scheme to bribe the leader of New York City’s correction officers union to invest $20 million in his firm was sentenced to 30 months in prison Tuesday, officials said. His attorney vowed to appeal the term.
Murray Huberfeld, 57, who founded Platinum Partners hedge fund, was sentenced by U.S. District Judge Alvin K. Hellerstein in connection with the transfer of $60,000 that prosecutors said was used to bribe Norman Seabrook, the former president of the Correction Officers Benevolent Association, to invest tens of millions in Platinum.
In all, the union lost $19 million of its $20 million investment with Platinum. As much as $15 million was from a retirement benefits program funded by the City of New York that invests money for correction officers’ retirements.
Huberfeld pleaded guilty in May to wire fraud conspiracy. Specifically, he pleaded to conspiring with Jona Rechnitz, a real estate businessman and star government witness in several federal corruption trials, to cause Huberfeld’s hedge fund to pay $60,000 to Rechnitz’s company by falsely representing that the money was payment for courtside tickets to eight New York Knicks basketball games.
Prosecutors said that money was really intended for Seabrook, a payment for making the investment of the union’s funds. Rechnitz had testified in Seabrook’s trial that he delivered $60,000 in cash to Seabrook in a Salvatore Ferragamo bag in 2014 after the union’s funds were invested with Platinum.
“Not content with being a successful businessman, Murray Huberfeld sought to grow his fund through fraud and deception, playing a critical role in a pernicious kickback scheme,” said Manhattan U.S. Attorney Geoffrey S. Berman in a statement. “His conduct was not only corrupt and criminal, but led to the loss of millions of dollars of union retirement benefits. The sentence imposed today reflects the magnitude of his crimes and untold pain his conduct caused to others.”
50 Cent considers legal action over alleged threat by NYPD commanding officer
Rapper 50 Cent says he’s considering legal action over claims of a threat from an NYPD commanding officer at a Brooklyn precinct.
The New York Daily News reports 50 Cent was scheduled to attend a police-sanctioned boxing match last summer when 72nd Precinct Commanding Officer Emmanuel Gonzalez allegedly told officers to shoot the rapper on sight.
50 Cent tweeted that Gonzalez is a “dirty cop abusing his power.”
The NYPD says the allegations are under internal review.
On Monday, two high-ranking New York Police Department officers were arrested on charges that they took over $100,000 worth of free flights, prostitutes, expensive meals and other bribes in exchange for providing a “private police force” for local businessmen. Deputy Chief Michael Harrington, Deputy Inspector James Grant and a third defendant, Brooklyn businessman Jeremy Reichberg, were charged with conspiracy to commit honest services wire fraud. The arrests are the latest development in a series of overlapping public corruption investigations coordinated by U.S. Attorney Preet Bharara. David Villanueva, an NYPD sergeant assigned to the gun license bureau, was also arrested on charges of conspiring to commit bribery. The arrests follow months of revelations that have embarrassed the country’s largest police department and put Mayor Bill de Blasio on the spot about his campaign financing.
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She previously worked as a prostitute and stripped down completely naked for magazines like Penthouse and Sneaky. So it was hardly a surprise to see Gabi Grecko posing topless on Instagram over the weekend.To protect her modesty, the 28-year-old strategically placed her hand over her bulging assets, before going one step further by placing sticky tape over her nipples.The scantily-clad star later posed in a racy, Gucci-themed ensemble that she partially designed herself. Share this article Share Gabi is currently in the process of converting to Judaism so she can renew her vows with husband Geoffrey Edelsten, 75, in a Jewish synagogue. The couple first wed in an Asian registry office in Melbourne back in 2015. Geoffrey is currently recovering from an operation and Gabi is still based in New York, so the pair have yet to see each other in person since reconciling.To keep their long-distance love alive, Gabi admitted to Sydney Morning Herald that they’ve been ‘sexting’ each other. Geoffrey, who is a medical entrepreneur, has also been receiving help in the love department by taking a new erectile dysfunction tablet that he developed.Meanwhile, Gabi is currently focused on her burgeoning rap career after debuting her hip-hop alter-ego Glitta Fox last year.The rapper has already released two singles, Glitta Foxx Lean and See Me Madd. In 2016, Gabi hit the headlines after she claimed she was paid to accompany two NYPD officers at the center of a corruption probe on a lavish alcohol and sex romp to Las Vegas in 2013.The busty socialite told the New York Post that she was paid to join the since-fired Deputy Inspector James Grant and Detective Michael Milici on a private jet to Sin City.She said she was recruited by New York businessman and Bill de Blasio campaign donor Jeremy Reichberg, recalling how she performed sexual favors for the officers during the flight.Gabi famously met Geoffrey on a sugar daddy website when she was 25.
They made headlines in December after rekindling their relationship.And now former prostitute-turned-rapper Gabi Grecko, 28, and her husband Geoffrey Edelsten, 75, are ready to take things to the next level by renewing their vows.Speaking to Sydney Morning Herald, Gabi revealed that she’s currently in the process of a ‘fast conversion’ to Judaism so she and Geoffrey, who is Jewish, can tie the knot in a New York synagogue.The couple first wed in an Asian registry office in Melbourne back in 2015. Share this article Share Geoffrey is currently recovering from an operation and Gabi is still based in New York, so the pair have yet to see each other in person since reconciling.To keep their long-distance love alive, Gabi admits that they’ve been ‘sexting’ each other. Geoffrey, who is a medical entrepreneur, has also been receiving help in the love department by taking a new erectile dysfunction tablet that he developed. Meanwhile, Gabi is currently focused on her burgeoning rap career after debuting her hip-hop alter-ego Glitta Fox last year. The rapper has already released two singles, Glitta Foxx Lean and See Me Madd.In 2016, Gabi hit the headlines after she claimed she was paid to accompany two NYPD officers at the center of a corruption probe on a lavish alcohol and sex romp to Las Vegas in 2013. The busty socialite told the New York Post that she was paid to join the since-fired Deputy Inspector James Grant and Detective Michael Milici on a private jet to Sin City.She said she was recruited by New York businessman and Bill de Blasio campaign donor Jeremy Reichberg, recalling how she performed sexual favors for the officers during the flight, sometimes on both men simultaneously.Gabi famously met Geoffrey on a sugar daddy website when she was 25.
This woman was just talking on the phone and the biker rode up and grabbed her phone away.
Perp was caught by officers of the 66th Precinct.
Thank you NYPD!