From the Daily News:A Queens congressman - already under fire for accepting a sweetheart loan - also sponsored a bill that would have helped a close friend who lost $700,000 to Bernie Madoff, a Daily News investigation found.
Rep. Gary Ackerman's bill would have let Madoff victims write off taxes they paid on earnings from the Ponzi schemer dating to 1994.
Among the victims was Seymour Zises, a longtime Ackerman friend who lost more than $700,000 to Madoff, according to a lawyer for Zises' company, Family Management Corp.
Zises' company, FMC, handles Ackerman's personal investments, and Seymour's brother, Selig, arranged a loan for Ackerman, The News revealed Monday.
In public records, three additional FMC employees are Madoff victims and could benefit from the Ackerman bill.
Ackerman said he wasn't aware Seymour Zises lost money to Madoff and emphasized that he wrote the bill, HR 1389, last year to benefit all Madoff victims. HR 1389 remains in the House Ways and Means Committee.
16 comments:
I'm having a deja vu. I thought I read that stuff on Queens Crap already.
You're on your way out Gary.
Your time has come!
Now lets see if some of your friends...Nussie & Skunkler take the fall with you.
"Ruffles"...you better get your curriculum vitae in order.
Perhaps you might qualify to become a "copy boy" for a real newspaper.
But there will be no whore perks for you at the Daily News, etc. like at the Trib....heh, heh, heh!
It's time for retirement!!!!!!!!!
He'd better find some help for himself PDQ.
Maybe Gary can introduce a law to absolve him from any past irregularities.
Better yet...GET A GOOD LAWYER!
He's goin' down!
Yip-e-e-e-e-e...and it's about time!
The rotten apple will finally drop from the tree!
What's wife Rita gonna do now?
Maybe work for "Xenonics"?
C'mon "Daily News" and "Fox"...finish roasting this pig!
He's already sweating a rich gravy.
Don't miss the boat!
Look into the "Tribco", "Shanghai Entertainment LTD", etc. connections...Michael Nussbaum, Mike Shenckler, Michael Tobman.
The 3 Mikes would probably have a lot to say if they were facing a federal subpoena!
At any rate...stay tuned to "Queens Crap" for some more interesting leads.
Although I question Ackerman's motivation, knowing that he is as corrupt as the rest of them, this legislation actually seems good. The people who were swindled in Ponzi schemes paid taxes on profits that were not real -- the profits were phony and were just on paper. If someone overpaid taxes, aren't they entitled to a refund? That doesn't mean that Ackerman wasn't trying to help his "friends," but it would also help a lot of other people, too. Good law, bad Congressman.
"Ackerman said he wasn't aware Seymour Zises lost money to Madoff"
The media was all over the Zises end of the the story then there was this:
http://www.campaignmoney.com/political/contributions/seymour-zises.asp?cycle=08
It details how much Zises has donated to ackerman's campaign
"This is a man who did some pretty bad things to investors," attorney Daniel Krasner - who sued on behalf of the investors - said of Zises.
Read more: http://www.nydailynews.com/news/election_2009/2009/10/11/2009-10-11_bill_donor_sued_on_madoff_loss.html#ixzz0cb2ujLXT
http://www.nydailynews.com/news/election_2009/2009/10/11/2009-10-11_bill_donor_sued_on_madoff_loss.html
The people who were swindled in Ponzi schemes paid taxes on profits that were not real -- the profits were phony and were just on paper. If someone overpaid taxes, aren't they entitled to a refund?
:::::::::::::::::::::::::::::::::::::::::::::
Is the legislation for victims of all Ponzi schemes or just Madoff's?
What a coincidence?
Word on the street is that Ackerman is shopping for forks. He's DONE!!!
Word on the street is that Ackerman is shopping for forks.
Hey Gary-Fork You!
is that bird crap on his suit in the picture?
is that bird crap on his suit in the picture?
...........................................
Well, Queens Crap's on his ass!
I wonder how the friendship of Ackerman and Schenkler is going? I'll bet Ack really appreciated the controversy caused by the Trib's attack on Halloran's belief system. I look at the Queens Tribune staff as the ship of fools!
GARY GATE...GARY GATE...GARY GATE...another Watergate!
If you're smart you Dem clubhouse clowns you'll convince the Congressman not to run again or you'll be taking the fall with him!
Losing 2 consecutive city council seats (19th & 20th) in Gary's district wasn't enough?
There will be more!
And bye, bye Dukun Kim!
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