Investors in a troubled hedge fund founded by Corey Ribotsky were told by the funds’ liquidator last week their hopes of recovering any real money was slim. I reported on the 97 percent drop in valuation for Growth Capitalist today in a story that details how main street investors who gave their pension money to […]
Continue12 Sep
Ridgefield Bank wins Auction of Ruth Jones New Canaan McMansion: Forcing Vacate
UPDATE 9-13-12:Prices paid at auction by the banks on Jones six properties are at the end of the story New Canaan’s queen of McMansion sales is being forced by local bankers at Ridgefield Bank to vacate her home of sixteen years. The Connecticut District Court judge denied Ruth Jones appeal for a stay yesterday so […]
Continue25 Aug
New Canaan Town Council Encouraged to Talk Pension Vote Off Record
UPDATE 8-28-12: A copy of Jeb Walker’s letter to New Canaan officials telling them how he will payback the pension is attached at the end of the story. UPDATE 8-30-12: Two days after Walker’s letter was published here the New Canaan Advertiser reports First Selectman Mallozzi now says it’s up to the town, not Walker, […]
Continue7 Aug
Community Banks force New Canaan Realtor to Liquidate: Six Prime Homes Ordered for Auction
A top New Canaan real estate agent who tried to use a reorganization bankruptcy to save about a dozen of her investment properties in Fairfield County, CT is close to losing her battle with her bankers. After three years of fighting upstream in Bridgeport, Conn. federal bankruptcy court, Judge Shiff ruled last month against Ruth […]
Continue31 Jul
San Bernardino County Voters Can Still Dissolve Eminent Domain JPA
I am on finance TV show the Keiser Report today reporting from So-Cal’s Inland Empire about a private finance firm, Mortgage Resolution Partners, using San Bernardino County’s CEO Greg Devereaux as their guinea pig in a controversial eminent domain housing plan. A plan never attempted before that could effect future borrowing rates hurting local homeowners […]
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