On Friday, the Securities and Exchange Commission charged former hedge fund manager-cum-selectman Forrest Fontana with illegally selling short shares of Merrill Lynch, XL Capital and Wells Fargo in 2008. Fontana’s lawyer, Lisa Wood, doesn’t deny this happened. Having said that, she does take issue with the use of the term “fraud” as it relates to her client, whose “crime,” if you can even call it that, was an accidental technical violation that only happened once. Continue reading »
Boston
Lawyer Representing Hedge Fund Charged With Collecting Ill-Gotten Gains Resents SEC’s Use Of The Term ‘Fraud’ As A Description Of Client’s Actions
By Bess LevinSupposedly, yes. Continue reading »
Stockbroker And Jets Fan Pete Mulieri Invites Patriots Fans Into His Home To Argue That One Super Bowl Win Is Better Than Three, Show Them His Paintings
By Bess LevinHey Patriots fans– have you seen a guy walking his Maltese around Boston lately on a Jets leash? No? Well take a little fucking notice, because he’s doing it for YOU. So get angry, god damn it. Come up to him and punch in the face or something. Seriously, he wants you to.
Pete Mulieri is an ex-New Yorker and now a stockbroker at Investment Technology Group in Boston, who walks his dog on a New York Jets leash and wears a Jets jersey to provoke New England Patriots fans.“I do rub it in,” said Mulieri, 52.
The leash and Jersey taunting, of course, is just part of Mulieri’s attack. Continue reading »
This car and two others like it are still parked outside the firm’s Boston offices circa now. Continue reading »
A very wise man once said, “Risk is what you make of it.” Whether it was walking over a chasm without the proper gear, being leveraged 40 to 1 in October 2008 or getting in the car to drive hundreds of miles for a milkshake when you know full well your wife said NO DAIRY, this part-time philosopher has long known there’s potential rewards to taking a big leap. And now he wants to take another one– on you. Continue reading »
Not sure if any of you have learned this lesson yet but let it be known, there is no justice in the world of parking your damn car wherever you want. Richard Grubman learned this the hard way Tuesday night, when he attempted to leave his vehicle, a 2007 BMW X5 SUV, in a lot at the Ritz reserved only for residents. After being informed by a valet that the mom-mobile would have to be moved, the Highfields Capital manager chose to do what anyone in his position probably would, which was to throw an obscenities-laced “curbside fit.” Not feeling his message was sufficiently being communicated, Grubs then threw his keys in the valet’s face, “striking him in the upper lip area.” It was at that moment, while the blood gushed from the worker’s face that Rich asked himself a serious question– “What can I do to top this? People are going to talk about the incident and when they do I want them to focus so not much on the fact that I’m a self-important prick but the total fucking lunatic aspect.” And that’s when it came to him. Continue reading »