Tuesday, November 17, 2009

“Bruno's Senate secretary handled sideline business - WTVF” plus 4 more

“Bruno's Senate secretary handled sideline business - WTVF” plus 4 more


Bruno's Senate secretary handled sideline business - WTVF

Posted: 17 Nov 2009 06:48 AM PST

By MICHAEL VIRTANEN
Associated Press Writer

ALBANY, N.Y. (AP) - Former New York Senate leader Joseph Bruno's longtime statehouse secretary testified Monday that she handled paperwork and accounting for his sideline consulting firm without being paid by the business but helped herself to some Bruno money.

At Bruno's federal corruption trial, Patricia Stackrow said she typed Bruno's financial disclosure statements, tallied his consulting receipts and expenses for taxes, but she also wrote checks from the account of Bruno's firm, Business Consultants, to his personal bank account. Her notes showed he got more than $110,000 from fees in 1993 alone.

Stackrow testified with immunity from prosecution except for perjury. She served as Bruno's secretary in the Senate for more than a decade.

Now retired, Stackrow said her Senate job sometimes entailed 80-hour workweeks including nights and weekends, and she did the consulting company work in her free time, usually after 5 p.m.

Asked why she took money from the senator's personal bank account and how much, Stackrow said she didn't know.

However, prosecutors presented her grand jury testimony from last year, when she explained: "Retaliation for the way he treated me at times. He was demeaning, very degrading."

Bruno faces eight fraud counts, accused of denying New Yorkers his honest services while using his state influence to enrich himself by $3.2 million over 13 years.

Prosecutors say he contacted union officials to invest pension funds with an investment company that paid him, while the unions had business under consideration with the Legislature. He also got paid by three businessmen with state interests.

Bruno repeated Monday that as "a citizen-legislator," he had a right to conduct his private consulting business, just like lawmakers who are also lawyers or farmers when they're not doing state work.

He says he never compromised his public trust. He declined to comment on testimony from Stackrow or any other witness in the trial, now in its third week.

Stackrow testified that she personally filled out the financial disclosure forms Bruno was required to file about his outside business interests. She annually updated the previous year's form, reviewed it with lawyers on the Senate staff, then gave it to Bruno to sign, she said.

Stackrow testified the reason some forms didn't separately list companies for which Bruno did consulting work was based on the attorneys' advice, not Bruno's. She said the 80-year-old senator, who also retired last year, never told her to withhold any information.

She said Bruno's sideline partnership with a veterinarian and a businessman in breeding and selling racehorses ended in 2006 because of conflicts of interest.

That was because the two other men were involved in bids for the state thoroughbred racing franchise and Bruno as majority leader had input in the process for choosing who would get the franchise, she said.

John Lewis, Stackrow's attorney, said they'd asked prosecutors not to bring up her taking money from Bruno's account. Asked if she has any criminal liability, he said, "She has immunity. That's the answer to that."

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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CORRECTING and REPLACING CAPTION Wilmington Trust Adds Management ... - Earthtimes

Posted: 16 Nov 2009 07:39 AM PST

WILMINGTON, Del. - (Business Wire) Please replace the caption with the accompanying corrected caption.

The release reads:

WILMINGTON TRUST ADDS MANAGEMENT PROFESSIONALS IN WEALTH ADVISORY SERVICES BUSINESS

Jack Sawyer, Michael Mohr, Todd Tautfest to fill senior roles in Southeast region

Wilmington Trust, one of the nation's leading wealth management companies, announced today the addition of D. Jack Sawyer Jr., Michael A. Mohr, CFA®, and Todd A. Tautfest to fill senior roles in the company's Wealth Advisory Services (WAS) business in the Southeast region.

Mr. Sawyer has been named managing director and president of the Southeast region for Wilmington Trust FSB. In this role, he will lead the company's wealth management business in the region, overseeing the delivery of Wilmington Trust's comprehensive services for high-net-worth individuals and families. These services comprise investment management advice and services, personal trust and fiduciary services, and family office services. Investment services are also provided for endowments and foundations. In addition to Mr. Sawyer, Wilmington Trust FSB has hired Mr. Mohr, managing director and head of investment advisory activities for the Southeast region, and Mr. Tautfest, managing director and head of business development in the region. All three join the company from the Atlanta office of a major financial services firm.

"In Jack, Michael, and Todd, we have added a pre-eminent group of wealth advisors to our strong team in the region," said Mark A. Graham, executive vice president of Wilmington Trust and head of WAS. "Their experience, leadership, and talent will be major assets for our clients and their professional advisors as we work to help protect and grow our clients' wealth."

Earlier in his career, Mr. Sawyer was a founding principal of The Arden Group, Atlanta's first private fiduciary firm. He received his Juris Doctor (JD) degree from Mercer University and a Bachelor's degree from the University of Georgia. Mr. Sawyer is active in many community organizations and currently serves as a member of the board of trustees of the Georgia Museum of Art, the High Museum of Art, Highlands-Cashiers Hospital Foundation, Children's Healthcare of Atlanta at Hughes Spalding, Open Hand, an Atlanta organization providing home-delivered meals and nutrition education for people suffering chronic disease, Savannah College of Art and Design, and Zoo Atlanta. He is also a member of the Advisory Circle for the Cobb Energy Performing Arts Centre, the Shepherd Center Auxiliary Board, the Atlanta History Center's Civil War to Civil Rights steering committee, and the Woodruff Arts Center's annual corporate campaign foundations committee.

Mr. Mohr was a founding principal of The Arden Group and a portfolio manager with SunTrust Bank. Mr. Mohr received his MBA from Georgia State University and holds a Bachelor's degree from Furman University. He is a graduate of the National Trust School at Northwestern University. Mr. Mohr is a Chartered Financial Analyst (CFA®) and a member of the CFA® Institute, and the CFA Society of Atlanta. He is a member of the finance council and the investment committee of the Catholic Archdiocese of Atlanta and is a member of the board of Eagle Ranch Children's Home, which provides a home, schooling, and counseling for children in crisis.

Mr. Tautfest brings more than 19 years of industry experience to his position at Wilmington Trust. Earlier in his career, he worked in South Florida for Sanford C. Bernstein & Company and J.P. Morgan & Company. Mr. Tautfest holds a Bachelor's degree from The University of Oklahoma and is a member of the board of directors for Open Hand and the Atlanta Botanical Garden. He is also a member of the Atlanta Estate Planning Council. While in Florida, Mr. Tautfest served on the boards of the Palm Beach County Cultural Council, the Florida Philharmonic Orchestra, and the Miami Light Project, among other community organizations.

"Perhaps more than any wealth management firm, Wilmington Trust understands what it means to be a fiduciary and the responsibilities associated with serving affluent clients," said Mr. Sawyer. "Michael, Todd, and I are proud to become part of an organization whose fiduciary roots reach back more than 100 years, when members of the du Pont family founded Wilmington Trust as a wealth management firm. We look forward to presenting and delivering our services to clients in the region."

Wilmington Trust's Wealth Advisory Services business offers a comprehensive array of personal trust, financial planning, fiduciary, asset management, and family office services that help high-net-worth individuals and families grow, preserve, and transfer wealth. It maintains 21 offices throughout the United States and focuses on serving families with whom it can build long-term relationships, many of which span multiple generations.

Wilmington Trust Corporation (NYSE: WL) is a financial services holding company that provides Regional Banking services throughout the mid-Atlantic region, Wealth Advisory Services for high-net-worth clients in 36 countries, and Corporate Client Services for institutional clients in 88 countries. Its wholly owned bank subsidiary, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware. Wilmington Trust Corporation and its affiliates have offices in Arizona, California, Connecticut, Delaware, Florida, Georgia, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, Frankfurt, Luxembourg, and Amsterdam.

CFA® and Chartered Financial Analyst® are trademarks owned by the CFA Institute.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6100813&lang=en

Wilmington Trust Corporation
Bill Benintende
Public Relations
302-651-8268
wbenintende@wilmingtontrust.com

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Gretchen Morgenson: Lobbyists Win Again In Securing Tax Break For Home ... - Huffingtonpost.com

Posted: 14 Nov 2009 03:55 PM PST

The New York Times's Gretchen Morgenson points out that lobbyists have won another victory that will lead to billions in taxpayer dollars being handed over to firms that helped spur the economic crisis.

The Worker, Homeownership and Business Assistance Act of 2009, which President Obama just signed into law, contains "a tax break that lets big companies offset losses incurred in 2008 and 2009 against profits booked as far back as 2004," Morgenson reports. (Read the full story here.)

The administration estimates that the tax breaks will be worth some $33 billion, and home builders -- who analysts say were key players in the financial crisis by building and financing too many homes -- stand to benefit enormously.

One of the more shocking elements of Morgenson's piece is just how large a rate of return these home builders got for the money they spent on lobbying for this tax break:

Securing this tax break was a top priority for home builders, lobbying records show. The Center for Responsive Politics reports that through Oct. 26 of this year, home builders paid $6 million to their lobbyists. Last year, the industry spent $8.2 million lobbying...


...Among individual companies, Lennar spent $240,000 lobbying while companies affiliated with Hovnanian Enterprises spent $222,000. Pulte Homes spent $210,000 this year.

That's some return on investment. After spending its $210,000, Pulte will receive $450 million in refunds. And Hovnanian, after spending its $222,000, will get as much as $275 million.

Even as unemployment continues to rise and the Obama administration's foreclosure plan appears to be failing, Congress and the White House are signing off on tax breaks that reward those who are partly responsible for our financial predicament.

To follow more lobbying shenanigans, check out HuffPost's LobbyBlog.

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US Justice Department opposes Siegelman appeal - The Sun News

Posted: 16 Nov 2009 02:34 PM PST

"Under a standard that requires not just a quid pro quo, but one that is verbally spelled out with all 'i's dotted and 't's crossed, all but the most careless public officials will be able to avoid criminal liability for exchanging official action for campaign contributions," the government argued.

The Birmingham News first reported the filing by the Obama administration's solicitor general.

Siegelman was convicted of swapping $500,000 in donations arranged by Scrushy for Siegelman's statewide lottery campaign in exchange for HealthSouth retaining a seat on a powerful state medical regulatory board.

The defense argues the donations Scrushy made to Siegelman's lottery fund and Siegelman's subsequent appointment of Scrushy to the state health board were normal political dealings, not criminal.

The filing Friday said the court does not need to take up the appeal.

Siegelman and Scrushy were convicted in 2006. Siegelman began serving a sentence of more than seven years but was released on bond during his appeal. Scrushy, sentenced to almost seven years, remains in prison because a judge ruled he was a flight risk if freed.

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NCTA Announces Technology Winners at Annual 21 Awards Record Crowd of ... - CNBC

Posted: 13 Nov 2009 07:21 AM PST

RALEIGH, N.C., Nov 13, 2009 (BUSINESS WIRE) -- The North Carolina Technology Association (NCTA), the primary voice of the technology industry in North Carolina, announced today the winners of the 2009 NCTA 21 Awards. Winners were recognized at the annual awards gala on Thursday, November 12 at the Embassy Suites Hotel in Cary, N.C., presented in conjunction with title sponsor Grant Thornton. This year's event, with the theme "Survivor: Outtech, Outdevelop, Outlead," was attended by a record crowd of more than 650 business and technology leaders from across the state.

"Despite a tough economy, 2009 has been an outstanding year for NCTA with a record number of new member companies joining the organization, and a record turnout for the 21 Awards," said Brooks Raiford, NCTA's president and CEO. "We are proud to bring together such a strong group of businesses and individuals in North Carolina, and we believe that this year's winners are truly technology's best leaders." The NCTA 21 Awards are recognized as North Carolina's most prestigious awards, celebrating innovation and excellence in North Carolina. This annual showcase honors companies and individuals in 21 categories who represent the best and brightest in technology and business.

NCTA is pleased to congratulate this year's winners: Technology Industry Awards Software Company of the Year: iContact Corporation Life Sciences Company: Cornerstone Therapeutics Best Product or Service Technology Company: CC Intelligent Solutions Most Innovative Technology Company: TransEnterix Industry Driven Technology Company: Railinc Green Technology Company: Unifi Manufacturing Excellence Awards Private Company: Connexion Technologies Public Company: Tekelec Customer Service Company: Peak 10 Fastest Growing Company: USfalcon Leading Environmental Steward Company: IBM Corporate Citizenship Company: Microsoft Corporation Stage of Development Awards Small Technology Company: K3 Enterprises Mid-Size Technology Company: Hosted Solutions Large Technology Company: Red Hat NCTA Volunteer of the Year: David H. Jones and Marlon Headen Outstanding NCTA Member: EMC Corporation Public Education Leadership: AT&T Public Leadership: Dr. James Woodward Technology Executive of the Year -- People's Choice: Dr. Michael Capps Outstanding Achievement Award: Darleen Johns About NCTA The North Carolina Technology Association's mission is "Making North Carolina #1 in Technology and Technology #1 in North Carolina." The organization does this through three main focus areas: executive engagement, public affairs, and knowledge workforce. For more information, visit our website at www.nctechnology.org.

SOURCE: North Carolina Technology Association (NCTA) CONTACT: DPR Group, Inc. Michelle Perkins, 919-678-9200 mperkins@dprgroup.com Copyright Business Wire 2009 -0- KEYWORD: United States

North America

North Carolina INDUSTRY KEYWORD: Technology

Data Management

Hardware

Software

Telecommunications

Other Technology

Environment SUBJECT CODE: Award

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