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To: All
Jeffrey Picower and Stanley Chais are two "philanthropists" who are the target of lawsuits brought by Picard. Garmento Carl Shapiro, a close friend of Madoff, is also under criminal investigation....... Authorities are going after these people under the legal concept of "fraudulent conveyance"----meaning one cannot profit from a fraud.

Brighton Co Investments is headed by Stanley Chais, a Beverly Hills "philanthropist" who served on "charitable" boards with Madoff. Chais (pronounced Chase) told the Jewish Journal of Los Angeles that he not only personally invested with Madoff, but he also "facilitated" others who wished to do likewise. However, spokesmen for the SEC and the California Dept of Corporations said they could find no record of Chais registering as an investment advisor or a broker.


Stanley Chais offers remarks at the Weizmann Institute of Science.

That doe-eyed, winsome smirk hides an unspeakable evil.

"I'm Bernie. Trust me."

14 posted on 10/25/2009 4:54:20 PM PDT by Liz (ALL FOX---ALL THE TIME---24/7)
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To: Liz; All
Accident, accidental suicide, deliberate suicide or foul play...?

Mostly related news:

Here's something that flew mostly under the radar :
Madoff Victims Aren’t Entitled to Fake Profit, SIPC Tells Judge - BL, 2009 October 17, by Erik Larson

Chais Defends SEC Suit Citing Agency’s Failure to Stop Madoff - BL, 2009 October 22, by David Glovin

What's interesting to note about this recently filed suit by Chais is that Picower was not a part of it, or didn't bother to file a similar one separately. Previously he and Chais ("dynamic duo") were talking and working largely in tandem on the issue... This time, though, the "dog didn't bark". So, in light of that... was this "incident," only a few days later, not unexpected?

Mets owner Wilpon liable for Madoff millions - NYP, 2009 October 21, by Bruce Golding

Biden’s Son Wins Dismissal of Paradigm Fraud Suit - BL, 2009 October 17, by Karen Gullo


19 posted on 10/25/2009 8:10:50 PM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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