Daily Archives: May 18, 2012

Should this guy change his firm’s name to Round Hill Capital?

Would a guy like this rip you off? Never!

North Street Capital makes bid for Winnebago. Trouble is, Winnebago doesn’t think it’s a serious offer. Something about North Street’s principal, Alex Mascioli  made my long dormant stock broker fraud detection hackles rise and after a little bit of Googling, I can see why. Here’s the beginning of the story, from the Wall Street Journal:

Winnebago said Friday it asked for more information about North Street’s April offer, but received only a partial response before the firm raised its offer. Winnebago described the latest offer as “highly conditional” and requiring additional investigation to convince Winnebago executives and its board that North Street would be able to carry through on its offer.

“Based on what we’ve been able to find out about the offer and the principals, we just don’t believe the offer is credible,” said Shelia Davis, Winnebago’s investor relations manager.

North Street Managing Director Alex Mascioli said the Greenwich, Conn., firm has provided all requested information to Winnebago, including the name of its underwriter.

“We have no problem answering questions about anything they ask,” he said, adding: The offer “is not a joke.”

When the bidder has to insist, “this is not a joke’, it probably is.

So who is Alex Mascioli? He got a lot of media coverage for his self-anointment  as the savior of Saab, but as you know, the deal never happened and Saab is no more. He also claimed he’d purchased, for $43 million, the Dutch company  Spyker Motor Cars but the announcement of that purchase was premature, at best, because that transaction never closed either.

We do know that Mascioli  either shares the same name and birth date as a serial drunk/ex – convict or he is that guy. This is one ugly rap sheet, including assault, forgery, multiple DUI’s, arrests for failure to appear, and several jail sentences for some or all of the above. Once (2008) lived at 24 Hemlock Drive, Greenwich in what seems to have been a rented, modest home, perhaps lives in Norwalk now. Or not.

We know that North Street Capital has a website that’s no web site at all, unless you consider a stock photograph of Wall Street a complete web site.

The SEC has no record that any company named North Street Capital exists.

I have no idea who this man is, whether he’s a jail bird or a legitimate businessman, but it is true that some of the most colorful characters in the world of financial scams continue to use Greenwich in their names – adds such a nice aura of respectability and solid wealth, doesn’t it?

UPDATE: A reader adds this:

Mickey Sherman defends Greenwich CT racecar driver and entertainment businessman Alex Mascioli

Mickey Sherman, the famous Connecticut defense attorney has taken on the case of defending retired racecar driver and entertainment businessman from posh Greenwich Connecticut Alex Mascioli. Mickey Sherman who was Michael Skakels, Alex Kelly and many other notables attorney has taken on a case that only befits the wealthy in Fairfield County Connecticut. Former racecar driver turned entertainment businessman Alex Mascioli is in court defending himself against assault charges along with a list of felony protective order violations from a woman bartender from tony L’escale and Solaia eateries who he had an affair with while still being married to one of Greenwich’s most high end interior designers.

Published on:2006-12-16 

And there’s this, from someone who dug around into the man’s background and wasn’t impressed. Not a very successful race car driver apparently, but the article about his felony does describe him as a “retired” racer. Failure can make that decision easier.


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It is to laugh

France will withdraw its 3,000 troops from Afghanistan, thus strengthening remaining NATO forces. In looking up the French Army (don’t Google “French Military” or all you get are French military jokes and the shortest list in the world, “French military victories” ) and discovered that total forces are just 120,000. That contrasts with 8,300,000 during World war I. Of course, 1,400,000 of those soldiers were killed in that war (!) by their butchers of generals, so it’s understandable that the thrill of soldiering has long since passed.

Funny, though, that the Occupy folks are out in Chicago protesting a meeting of NATO countries. There’s not a NATO member country left, except for the US, with a military of any significant strength, so why worry about NATO?


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Well they don’t kill trees for toilet paper – I guess that’s a start

Meet the new “Greens” – your friendly neighborhood suicide bomber. I’ve never seen a more polluted, filthy place on earth than the Middle East but I haven’t traveled to Russia yet, so there’s still room at the top.


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Can you hear the ocean now?

Sea shell-wielding broad assaults man, bites his ear off. Presumably when he wouldn’t deposit another fifty-five cents.


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What I said (and have been saying)

From InstaPundit:

THE FACE OF GENOCIDAL ECO-FASCISM: “I am not exaggerating. This is Finnish writer Pentti Linkola — a man who demands that the human population reduce its size to around 500 million and abandon modern technology and the pursuit of economic growth — in his own words.”

As Bob Zubrin has pointed out, such sentiments, if usually a bit less bluntly stated, are driving environmental policy nowadays. It’s Himmler in a green shirt. These are not nice people who want good things for everyone. These are evil people who hanker after mass death.

Still, it’s educational to hear things like this: “The United States symbolises the worst ideologies in the world: growth and freedom.”

If you like growth and freedom, these people are your enemies. Remember that and treat them accordingly.

In America you need look no further than the runaway success of “The World Without Us” a description of the Green’s utopia – no humans on earth, to understand their agenda. I hope for better things for my own children than their extinction.

UPDATE: If you do care to look further, try this “zero carbon” site.


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So who will they tax next? Hint: if you’re at the poker table and you don’t know who the chump is …

DOW blue chips fall again.

Blue chips extended a streak of declines the likes of which hasn’t been seen in almost 40 years, amid concerns about the euro zone and Facebook’s lackluster debut.


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The lady just can’t stop giving of herself

Even that old fake Iron Eyes Cody is ashamed

Today’s Elizabeth Warren story: she plagiarized the recipes she “contributed” to the “Pow Wow Chow” dog meat cook book. Her recipes had been previously published in “The Cat Lover’s Cookbook” and Warren forgot to switch cat meat to dog.

In her defense, how could a woman so far removed from her redskin savages of ancestors possibly know that a Cold Omelet with Crab (or dog) Meat wasn’t a regular menu item at Cherokee banquets?

Two of the possibly plagiarized recipes, said in the Pow Wow Chow cookbook to have been passed down through generations of Oklahoma Native American members of the Cherokee tribe, are described in a New York Times News Service story as originating at Le Pavilion, a fabulously expensive French restaurant in Manhattan. The dishes were said to be particular favorites of the Duke and Duchess of Windsor and Cole Porter.

The two recipes, “Cold Omelets with Crab Meat” and “Crab with Tomato Mayonnaise Dressing,” appear in an article titled “Cold Omelets with Crab Meat,” written by Pierre Franey of the New York Times News Service that was published in the August 22, 1979 edition of the Virgin Islands Daily News, a copy of which can be seen here.


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