An international jewel thief will serve a year in Westchester County jail for swiping thousands of dollars in diamonds from a Yorktown jeweler nearly 20 years ago.
Moshe Tsitsaushivili, a 41-year-old from the republic of Georgia, pleaded guilty to fourth-degree grand larceny yesterday in connection to the 1989 theft.
He was accused of stealing $30,000 to $35,000 in diamonds from the Yorktown jewelry business, but prosecutors charged him with second-degree grand larceny, which is for stolen goods worth more than $50,000.
He also is wanted in jewelry thefts in New Jersey, Pennsylvania and Ohio, but the biggest yet may be a $1.5 million jewel heist out of New South Wales from 1997 – one of the largest diamond heists in the history of Sydney, Australia.
Google Inc. Chief Executive Eric Schmidt will hit the campaign trail this week on behalf of Democratic presidential candidate Barack Obama, signaling Mr. Schmidt’s push for a greater voice in politics while giving the Obama campaign a boost from a highly desirable constituency.
Mr. Schmidt said his planned endorsement of the Illinois senator is a “natural evolution” from his role as an informal adviser to the Obama campaign.
The Google chief plans to join executives from other technology companies to announce their support for Sen. Obama. Sunday, Sen. Obama received an endorsement from Colin Powell, who was President George W. Bush’s first secretary of state.
It funny how the most successful people in America support Democrats; Warren Buffett, George Soros, The Google Guys, Bill Gates, and my personal favorite tycoon, Marc Rich. (And by “funny” I mean not suprising.) And Michael. Which one? Anyone, Jordon, Jackson, Tyson, Mason, pack guns.
Republicans (Corporate Socialists) must hate that.
Side note:
Google on sale. Accumulate it. You will thank me in 2012.
No need for thank you cards.
The Rest is Up to You…
Michael Porfirio Mason
AKA The Peoples Champ
AKA The Seventh Letter
The Guide to Getting More out of Life
http://www.thegmanifesto.com
Thanks to Doug and El Miz for making me aware of this.
Andrew Lahde, manager of a small California hedge fund, Lahde Capital, returned 866 percent betting against the subprime collapse.
Last month, he shut things down, claiming dealing with his bank counterparties had become too risky.
Here is his Goodbye Letter. Smooth.
“Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would be entirely inappropriate. Nor am I writing to make further predictions, as most of my forecasts in previous letters have unfolded or are in the process of unfolding. Instead, I am writing to say goodbye.
Recently, on the front page of Section C of the Wall Street Journal, a hedge fund manager who was also closing up shop (a $300 million fund), was quoted as saying, “What I have learned about the hedge fund business is that I hate it.” I could not agree more with that statement. I was in this game for the money. The low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, and then the Harvard MBA, was there for the taking. These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government. All of this behavior supporting the Aristocracy only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America.
There are far too many people for me to sincerely thank for my success. However, I do not want to sound like a Hollywood actor accepting an award. The money was reward enough. Furthermore, the endless list of those deserving thanks know who they are.
I will no longer manage money for other people or institutions. I have enough of my own wealth to manage. Some people, who think they have arrived at a reasonable estimate of my net worth, might be surprised that I would call it quits with such a small war chest. That is fine; I am content with my rewards. Moreover, I will let others try to amass nine, ten or eleven figure net worths. Meanwhile, their lives suck. Appointments back to back, booked solid for the next three months, they lookforward to their two week vacation in January during which they will likely be glued to their Blackberries or other such devices. What is the point? They will all be forgotten in fifty years anyway. Steve Balmer, Steven Cohen, and Larry Ellison will all be forgotten. I do not understand the legacy thing. Nearly everyone will be forgotten. Give up on leaving your mark. Throw the Blackberry away and enjoy life.
So this is it. With all due respect, I am dropping out. Please do not expect any type of reply to emails or voicemails within normal time frames or at all. Andy Springer and his company will be handling the dissolution of the fund. And don’t worry about my employees, they were always employed by Mr. Springer’s company and only one (who has been well-rewarded) will lose his job.
I have no interest in any deals in which anyone would like me to participate. I truly do not have a strong opinion about any market right now, other than to say that things will continue to get worse for some time, probably years. I am content sitting on the sidelines and waiting. After all, sitting and waiting is how we made money from the subprime debacle. I now have time to repair my health, which was destroyed by the stress I layered onto myself over the past two years, as well as my entire life – where I had to compete for spaces in universities and graduate schools, jobs and assets under management – with those who had all the advantages (rich parents) that I did not. May meritocracy be part of a new form of government, which needs to be established.
On the issue of the U.S. Government, I would like to make a modest proposal. First, I point out the obvious flaws, whereby legislation was repeatedly brought forth to Congress over the past eight years, which would have reigned in the predatory lending practices of now mostly defunct institutions. These institutions regularly filled the coffers of both parties in return for voting down all of this legislation designed to protect the common citizen. This is an outrage, yet no one seems to know or care about it. Since Thomas Jefferson and Adam Smith passed, I would argue that there has been a dearth of worthy philosophers in this country, at least ones focused on improving government. Capitalism worked for two hundred years, but times change, and systems become corrupt. George Soros, a man of staggering wealth, has stated that he would like to be remembered as a philosopher. My suggestion is that this great man start and sponsor a forum for great minds to come together to create a new system of government that truly represents the common man’s interest, while at the same time creating rewards great enough to attract the best and brightest minds to serve in government roles without having to rely on corruption to further their interests or lifestyles. This forum could be similar to the one used to create the operating system, Linux, which competes with Microsoft’s near monopoly. I believe there is an answer, but for now the system is clearly broken.
Lastly, while I still have an audience, I would like to bring attention to an alternative food and energy source. You won’t see it included in BP’s, “Feel good. We are working on sustainable solutions,” television commercials, nor is it mentioned in ADM’s similar commercials. But hemp has been used for at least 5,000 years for cloth and food, as well as just about everything that is produced from petroleum products. Hemp is not marijuana and vice versa. Hemp is the male plant and it grows like a weed, hence the slang term. The original American flag was made of hemp fiber and our Constitution was printed on paper made of hemp. It was used as recently as World War II by the U.S. Government, and then promptly made illegal after the war was won. At a time when rhetoric is flying about becoming more self-sufficient in terms of energy, why is it illegal to grow this plant in this country? Ah, the female. The evil female plant – marijuana. It gets you high, it makes you laugh, it does not produce a hangover. Unlike alcohol, it does not result in bar fights or wife beating. So, why is this innocuous plant illegal? Is it a gateway drug? No, that would be alcohol, which is so heavily advertised in this country. My only conclusion as to why it is illegal, is that Corporate America, which owns Congress, would rather sell you Paxil, Zoloft, Xanax and other addictive drugs, than allow you to grow a plant in your home without some of the profits going into their coffers. This policy is ludicrous. It has surely contributed to our dependency on foreign energy sources. Our policies have other countries literally laughing at our stupidity, most notably Canada, as well as several European nations (both Eastern and Western). You would not know this by paying attention to U.S. media sources though, as they tend not to elaborate on who is laughing at the United States this week. Please people, let’s stop the rhetoric and start thinking about how we can truly become self-sufficient.
Michael Porfirio Mason
AKA The Peoples Champ
AKA Your favorite International Playboy on the Rise’s favorite International Playboy on the Rise
The Guide to Getting More out of Life
http://www.thegmanifesto.com
Irish bookie calls US Presidential race over, pays off on Obama
The race is over as far as Ireland’s biggest bookmaker is concerned.
Paddy Power PLC says it is so sure Barack Obama will win the U.S. presidential election next month that it paid off Thursday on all bets it had taken backing the Democratic candidate. It said it shelled out more than euro1 million, about $1.35 million.
“We declare this race well and truly over and congratulate all those who backed Obama — your winnings await you,” the company said in a statement.
Powers said the biggest winner among the Obama bettors was someone who gambled euro100,000 and got back a total of euro150,000.
The most visionary bettor, though, was the “punter” who put down euro50 on Obama in 2005. At the time, Obama was listed at 50-to-1, so the bettor got euro2,550.
Despite calling the contest, the Dublin-based bookmaker said it is still taking new bets on the race. A John McCain victory Nov. 4 on a bet placed Thursday would pay off euro5 for every euro1 bet. By contrast, each euro1 bet on Obama would net just 11 euro cents.
Michael Porfirio Mason
AKA The Peoples Champ
AKA Your favorite International Playboy on the Rise’s favorite International Playboy on the Rise
The Guide to Getting More out of Life
http://www.thegmanifesto.com
We know the Bottle Service Era is done. So is the Weak Game Era.
“Not even the richest people are feeling untouched by our current financial crisis. In their personal lives, as in business, the purveyors of luxury are sizing up what it all means. Some of the questions: Is it unseemly to spend money publicly? Will people still shop for the all-important holiday season? Is this the end of bling?
Some luxury executives are simply waiting to see what happens. Barry Sternlicht, chairman and chief executive of the private investment fund Starwood Capital, has been on a luxury investment tear in recent years, buying up such things as champagne maker Taittinger, the Hotel de Crillon in Paris and Baccarat. Last week, when I asked how he’s doing these days, he said he’s “just waiting out the tsunami.”
“The bling-bling era was cute but it’s about to be done
I leave you full of clipse like the moon blocking the sun”
– Immortal Technique
Better get your Game up. We are going to have a return to “Pure Game” soon.
The Rest is Up to You…
Michael Porfirio Mason
AKA The Peoples Champ
AKA Your favorite International Playboy on the Rise’s favorite International Playboy on the Rise
The Guide to Getting More out of Life
http://www.thegmanifesto.com
