Madoff-Gate now New York State Real Estate-Gate
Dan
by Tom Heneghan
International Intelligence Expert
Monday March 16, 2009
http://assets.nydailynews.com/img/2008/12/12/amd_madoff.jpg
http://www.luxuryproperty.com/articles/wp-content/uploads/0/manhattan.jpg
Ponzi Scheme artist, Israeli Mossad agent Bernard Madoff
UNITED STATES of America - Tonight we bring you journalist Wayne
Madsen's latest report on the widening crime spree involving Bernard
Madoff's Ponzi Scheme and the entire political elite in the State of New
York, which is about to engulf.
PLEASE READ THIS ENTIRE OUTSTANDING REPORT BY WAYNE MADSEN, IT CONNECTS
ALL OF THE DOTS.
Folks, it is everything you wanted to know about Bernard Madoff and were
afraid to ask.
Stay tuned for our next intelligence briefing, which will detail:
the London AIG office's role with Bernard Madoff
the $167 TRILLION of toxic derivatives tied to the London AIG office
evidence that will suggest that the London AIG office operated a
parallel Ponzi Scheme with Madoff in which real insurance policies were
never purchased
the fact that the suggested bonuses that are were about to be paid out
to AIG executives deal with individuals all located on British soil with
the strong possibility that these bonuses would serve the purpose as
"hush money" to keep possible witnesses silent
U.S.-British relations now at their lowest point since the War of 1812
PATRIOT Caroline Kennedy, daughter of
assassinated President John F. Kennedy
Now read Wayne Madsen's great report and you will see why the KHAZARIAN
Jew, New York state political and media elite were scared to death that
a true patriot like Caroline Kennedy would become a New York U.S. Senator.
Governor Paterson in Manhattan announcing the selection of Tishman
Speyer to develop the West Side Rail Yards. He was joined by Mayor
Bloomberg, Deputy Mayor Lieber, MTA Commissioner Sander, Senator Duane,
Borough President Stringer and City Council Speaker Quinn.
March 26, 2008 - Governor Paterson in Manhattan announcing the selection
of Tishman Speyer to develop the West Side Rail Yards. He was joined by
Mayor Bloomberg, Deputy Mayor Lieber, MTA Comm.Sander, Senator Duane,
Borough President Stringer and City Council Speaker Quinn.
http://weblogs.newsday.com/news/local/longisland/politics/blog/rudymike.jpg
http://photos.upi.com/story/t/990227a59a910e0a06f19ef32bd49caf/Mukasey_leaves_hospital_returns_to_work.jpg
http://www.aaba-bay.com/uploads/aaba/Judge%20Denny%20Chin.jpg
Bloomberg, Giuliani, Mukasey, Chin
WayneMadsenReport.com
March 16, 2009
Madoff took fall for New York's Richest and most powerful politicians
by Wayne Madsen
A reliable source who is close to both the U.S. Court for the Southern
District of New York and the U.S. Attorney's Office for the Southern
District of New York's Organized Crime Unit tells WMR that Ponzi scammer
Bernard Madoff, who was remanded to prison last week by U.S. Judge Denny
Chin, took a "fall" for some of New York's most powerful and wealthiest
politicians who were using Madoff's private investment scheme as a
"front" to assist in a major real estate redevelopment plan for New York
that stood, and still stand, to make the conspirators super-rich.
Although the federal prosecutors in the case against Madoff claim the
former chairman of NASDAQ and chief of Madoff Investment Securities
refused to cooperate in their criminal conspiracy investigation of
Madoff, the prosecutors have no intention of expanding the case beyond
Madoff and possibly some of his family members.
WMR has been informed by a well-informed New York legal source that
Madoff is a second-tier player in a major real estate development plan
that used some of the money skimmed off by Madoff's Ponzi scheme to fund
some of the real estate development projects. WMR has been told that
another second-tier player in the real estate scheme is none other than
Madoff's trial judge, Chin.
The judge, WMR is told, particularly represents the real estate
development interests of Tishman Speyer, the real estate firm that owns
the Chrysler Building, Rockefeller Center, and the MetLife Building.
Chin has been amply rewarded for his "services" with a luxurious
penthouse for him and his wife in Battery Park City in lower Manhattan.
WMR has also been told that Chin has been responsible for destroying
important email evidence that points to the involvement of New York's
top political leadership in the Cornerstones project.
Madoff, another second-tier player in the Cornerstones, also stood to
gain financially from the proect as a major investor in real estate in
his own right.
A branch of the Tishman family, Tishman Construction Company,
specializes in the building and operation of entertainment complexes,
including casinos projects in Las Vegas and Atlantic City. Last July,
Tishman and Revel Hotel and Casino in Atlantic City executives were
killed in a plane crash in Owatonna, Minnesota, 60 miles south of
Minneapolis.
Chin and Madoff were linchpins in a major redevelopment scheme for New
York called the "Cornerstones." There are four Cornerstone"
redevelopment projects planned for Manhattan that will see the building
of major entertainment and gambling casino operations in the city with
high-speed rail links between them and to other parts of the city. The
four "Cornerstones" are the new World Trade Center site surrounding the
future Freedom Tower, Grand Central Station/Times Square, Penn Station,
and a floating casino complex on the East River near the Brooklyn Bridge.
WMR has been told that Chin is closely allied in the mega-billion dollar
real estate development scheme with former Attorney General Michael
Mukasey, who once served on the same southern district of Manhattan
federal circuit with Chin. WMR is told that Chin and Mukasey represented
the interests of New York's "Landlord Lobby" and "West Side Lobby" in
major cases involving real estate plans for New York City. Chin and
Mukasey failed to recuse themselves from cases in which they had clear
conflicts-of-interest, WMR was informed. Mukasey's son Marc, an attorney
for the law firm Bracewell Giuliani, is representing Frank DiPasquale,
Madoff's chief financial officer. Mukasey and Giuliani are also close
friends and business associates and both worked for the same law firm
Patterson Belknap.
Although the Cornerstones projects are supported by New York interests
who represent the middle class and poor, mainly due to the fact that it
will create mixed-income housing units and provide money for public
education and the city's increasingly deteriorating public schools,
critics point out that the project has been stalled because major
players who used Madoff to launder money in New York and abroad for the
entertainment and casino operations skimmed some of the proceeds for
themselves and have essentially stalled the project. Critics also point
out that the planned Freedom Tower complex at the old World Trade Center
site has been delayed for seven years due to money, in addition to basic
construction materials like concrete and steel, have been siphoned off
for other more immediate construction projects.
In addition, although the Cornerstones is slated to improve public
education, a number of public schools have been sold off for private
development as part of the overall scheme.
Former Assistant U.S. Attorney in the southern district of Manhattan
Chad Vignola, who also worked for Mayor Giuliani on the city's Waste
Management Commission and resigned from the city's Department of
Education amid a nepotism scandal, is reportedly very much involved with
the Cornerstones project and is close to both Giuliani and Chin in
ensuring the project's completion. Vignola resigned as chief counsel for
New York City's Education Commissioner Joel Klein, a Bloomberg appointee
who takes his orders from the Giuliani-Bloomberg "mafia" in New York,
after Deputy Education Commissioner Diana Lam resigned after she tried
to get her husband hired by the Education Department. The sale of public
school property to private real estate developers has reportedly been at
the center of Klein's tenure, along with the creation of charter schools
at the expense of deteriorating schools in poorer area of the city.
Two area state governors who posed potential problems for the
Cornerstones project were dispatched quickly through sex scandals.
Tishman Construction received the consulting contract from the state of
New Jersey for the Xanadu entertainment complex at the Meadowlands
sports complex in East Rutherford, New Jersey during the administration
of Governor Jim McGreevey. Tishman had hired McGreevey's Israeli
intelligence "honey trap" Golan Cipel as a consultant at a salary of
$7500 a month after Cipel left other jobs arranged by McGreevey,
including one as New Jersey homeland security chief adviser. McGreevey
resigned as governor after his affair with Cipel became public. The new
transportation hub at the World Trade Center Cornerstones entertainment
center will link that complex with the Xanadu complex in New Jersey via
the PATH train operated by the Port Authority of New York and New Jersey.
New York's Governor, former Attorney General Eliot Spitzer, was a dogged
pursuer of fraud on Wall Street and those pursuits posed a severe
problem for the Cornerstones money laundering operation. Spitzer was
forced to resign as governor after he was identified as a customer of
the Emperors Club VIP prostitution service run by ex-Israeli government
official Mark, aka "Michael," Brener. Details of the probe of Spitzer,
known as "Client 9" in federal investigation documents, were leaked by
federal investigators working out of the U.S. Attorneys office for
southern Manhattan, which has been described as a hub for organized
criminal activity even though it comprises the "Organized Crime"
investigation unit.
The Barack Obama administration's interest in the mega-bucks real estate
boondoggle in New York is heightened by the fact that Klein was on the
short list to be Obama's Secretary of Education. In fact, WMR has been
told by a knowledgeable source that the Cornerstones project and its
receipt of federal
stimulus money is a major priority for both Obama and his chief of staff
Rahm Emanuel, along with New York Democratic Senator Charles Schumer, a
major recipient of campaign contributions from Madoff and his
well-heeled associates.
A veteran of the corrupt U.S. Attorneys office for southern Manhattan is
the U.S. Attorney for the Northern District of Illinois Patrick
Fitzgerald. His pursuit of Rod Blagojevich, who was forced to resign as
Governor of Illinois, parallels the campaign by his old New York federal
colleagues against Spitzer. Chicago billionaire real estate developer
Sam Zell, the owner of the Tribune Company that owns Chicago's Wrigley
Field, is interested in selling the lucrative baseball park, which sits
within the Fifth congressional district once held by Blagojevich and
subsequently by Emanuel. Blagojevich was seen as a possible problem if
the ball park were sold for the development of a Cornerstones-like mega
entertainment and casino center.
With McGreevey, Spitzer, and Blagojevich out of the picture, the
Russian-Israeli mob-connected entertainment and casino interests now
have a virtual free hand in New York and Chicago, with a wink and a nod
from Emanuel who occupies the powerful White House position as Chief of
Staff and who can influence the dispersal of federal stimulus money to
assist in the various redevelopment schemes. With Spitzer gone and an
increasingly unpopular David Paterson as Governor, Bloomberg is given a
good chance of unseating Paterson and ensuring that Albany supports the
Cornerstones plan for New York City.
The billions of dollars that the Cornerstones players had Madoff skim in
his Ponzi scheme that are sitting in off-shore locations, including
Israel, the Cayman Islands, Belize, and other financial centers, was to
have been re-introduced into New York to fund the Cornerstones
development projects. But the fact that Madoff was caught in the scheme
and ran the risk of identifying and testifying against his "handlers"
has put the entire Cornerstones project risk, WMR has been told.
The Madoff money that was "parked" in Israel, with Russian-Israeli
mobsters earning interest and able to use the funds for other financial
"leverag," was to be pumped back into New York for the Russian-Israeli
mob to make billions from the Cornerstones casino/entertainment
complexes in Manhattan. Bloomberg was being counted on to "deliver" the
project but now that Madoff was caught the project has been further
delayed and silent "investors" in the project are growing restless.
Madoff had guaranteed the major Cornerstones developers that there would
be "no release" of information on the source of funding for the project
and former New York Mayor Rudolph Giuliani guaranteed that Madoff's
"account" would be protected from federal, state, and local law
enforcement scrutiny.
WMR was told by our legal source in New York that Madoff and Chin have
their "strings pulled" by New York Mayor Michael Bloomberg, a "shill"
for Giuliani who plans to run for Governor of New York to take care that
New York City's redevelopment project does not face any problems in
Albany; former New York Governor Mario Cuomo, who is shilling for the
financial interests of his son Andrew Cuomo, New York's Attorney General
(Giuliani jumped the GOP ship in 1994 to endorse Democrat Mario Cuomo
for Governor); and former Senator Alphonse D'Amato, Giuliani's political
enemy who, nevertheless, hopes to capitalize on the Cornerstones project.
In fact, WMR was told that the federal stimulus package for New York
City is almost entirely slated for rail and rail station projects to
support the Cornerstones. These projects include a hookup between the
Second Avenue subway and the Q Street subway that will also connect to a
high-speed rail link from the East River floating casino to Coney
Island; a new rail tunnel linking the Grand Central Station/Times Square
casino/entertainment complex with the World Trade Center complex; and
enhanced rail links between the Cornerstones and New Jersey. One
indication that the federal stimulus money is geared for new rail
stations is the fact that the rail station for the new Yankee Stadium is
still not completed just weeks prior to the opening of the
new stadium.
One source familiar with Cornerstones emphasized the pressure on
Bloomberg to deliver on the project. The source revealed that if the
Madoff fiasco is any indication of Bloomberg's team's performance, the
project is in real trouble. The source added that Bloomberg will pay
dearly politically and financially if he fails "to deliver the goods" on
the Cornerstones.
With Madoff going to federal prison without a jury trial and no
conspiracy charges being brought, the investors in Cornerstone hope
their mega-project can be saved with little public notice. It is also
certain that based on the massive returns that were expected from
Cornerstones, some of Madoff's closest investors, who are now
complaining about not knowing about his Ponzi scheme, likely knew very
well that if the project came off without a hitch, they stood to gain on
their original investments.
