From debtor, to deadbeat, to the deficit reduction program

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gentlemen, start your bidding

With Patriot Bank breathing down his neck in 2006, James Ferraro unloaded 505 North Street, a/k/a 8 Lindsay Drive to a (dot head, not chicken feather) Indian crook. Iftikar Ahmed for $9,625,000. The unfortunate Iftikar soon found himself in the same awkward, albeit deeper troubled financial waters as Ferraro and departed for his country of origin. Now the g’ummint owns the place, and the U.S. Marshalls Service is offering it for sale at $7,150,00. Here’s the most recent former owner’s story as reported in Greenwich Time in 2018:

Fugitive Greenwich financier to pay $64M for embezzlement

A federal judge ordered a Greenwich fugitive to repay $42 million to Oak Investment Partners he was found to have embezzled, approving as well a $21 million penalty and $1.5 million in interest on the moneys owed.

Iftikar Ahmed has been on the lam since May 2015 in his native India, with the Securities & Exchange Commission having obtained a prior judicial order for a freeze on assets valued at the time at $118 million. The U.S. Attorney’s office for the District of Connecticut had also investigated Ahmed, with his arrest in April 2015 on suspicion of insider trading prompting Oak to examine investment deals Ahmed structured on behalf of the firm.

Oak Investment Partners has offices in Greenwich, Norwalk and Palo Alto, Calif., with the firm investing in technology and energy companies. Oak partners include Ed Glassmeyer, who founded the firm in 1978 with Stewart Greenfield; and Ann Lamont, the spouse of Connecticut gubernatorial candidate Ned Lamont, with the couple living in Greenwich.

Ahmed had been charged with presenting Oak’s partners with investment opportunities in overseas businesses then misrepresenting deal terms, whether with regard to the actual value of the companies or exchange rates and pocketing the difference, and altering documents to hide the subterfuge. Ahmed set up bank accounts in the names of the companies he recommended for investments, according to court documents, then shunted moneys into accounts controlled by him and his spouse Shalini.

Well, Harvard

Ahmed is a graduate of the India Institute of Technology who went on to get an MBA from Harvard Business School and worked for Goldman Sachs Group before joining Oak in 2004.

But wait, there’s still more!

Update from 3 days ago:

Fugitive on the run for 17 years arrested from Croatia

SIALKOT, Feb 18 2025 (APP):A fugitive wanted in dozens of cases including extortion and robbery was arrested from Croatia through Interpol.

According to a police spokesperson, Sialkot police had been looking for Iftikhar Ahmed, wanted in connection with dozens of criminal cases including extortion and robbery. He has been apprehended from Croatia through a coordinated effort involving Interpol. The arrest marks a significant breakthrough in a lengthy investigation, as the individual had been evading authorities for 17 years. A bounty of Rs500,000 (head money) had been announced for his arrest. [Bummer: that’s only around $5,700 in real money — Ed’

How much has Riverside changed over the years? Well, the families I knew there when I was growing up could not have paid a fraction of this one's $108,000 annual rent.

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31 Summit Road, new to the rent rolls today and priced at $8,995 per month. No garage, no basement, 3 bedroom (which in my day would have seen 5-6 kids in two of them).

Understand, I am not criticising this price or the replacement of so many of the former, inexpensive homes in this neighborhood; markets and the character of neighborhoods change, and I’m just noting the transformation.

I should add that owner here did a remarkable job of transforming this house from the “as-is” wreck he purchased in 2020 for $712,500,000 to what it looks like today. Well done.

2020

Change

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have a wonderful trip — write us!

Sarah Hoyt:

“FORCED” TO RELEASE HIM UNDER OBAMA, AND NOBODY HAS GOTTEN MEXICO TO GIVE QUINTERO BACK. BUT TRUMP MANAGES IT AFTER A MONTH BACK IN OFFICE:  Mexico sends drug lord Caro Quintero and 28 others to the US as officials meet with Trump team.

I’m torn between ‘nature is healing’ and ‘funny how that happens.’

And this toothsome lagniappe from the comments:

Fun article by Kevin Downey, Jr at PJ Media: but then, they always are

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We the People Don't Need No Stinkin' Commie Activist Judges

Just when we think it's safe for young women to go back into the water and compete against only women and not a bedlamite dudette in a bikini, along come activist judges to spew communism in the face of sanity.

FACT-O-RAMA! Forcing young women to compete against men—and then shower naked with them—is sick, and you'll understand if I can't let such perversian pass without mocking the brain-free, easily-controlled simps who embrace "woke" so that someone doesn't call them names like "transphobe," "thinker," or "sane."

Trump's February 5, 2025, executive orders (EO) stated that men with kangaroos in the top paddock can't jump into the ring and beat the potato salad out of female athletes. It's sad that we are even at this point in history. What's worse, activist pinko judges are doing everything they can to stop Trump's attempt to bring normalcy back to the United States and are thwarting him from the bench, even when it comes to defending women in sports.

FACT-O-RAMA! There is a long and sad list of young women who have been injured while playing sports where a man is allowed to compete alongside women. The left celebrates these men—who typically suck when competing against other men—as they knock young women into Conucssionville, USA, and simulataneously beating out women for trophies, accolades, and college scholarships.

Let's take a look at some of the robed dopes trying to speed-bumb Trump's attempts to make America Great again.

Read the whole thing.

I was going to illustrate this story with my own creation that answered the mystery: don’t horde all the food for yourself, you fat f**ck, but AI wouldn’t have it

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So I had to use an actual photo culled from the news instead. Skip down for the reason GROK wouldn’t cooperate.

And here’s what GROK refused to do. My first guess was that it didn’t want to insult a democrat politician, so I experimented by dropping the reference: nope, that wasn’t the objection,

The NYT doxxes DOGE employees — names and pictures — while hiding the names of the reporters doing it

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One of the six ways from Sunday the deep state has at getting back at the rebels

Bob Hoge:

“Not only is there no valid reason to post the names and pictures of these individuals, but the tone of The Times' prose is so sneering, so condescending that it becomes clear why Americans are turning away from our supposed progressive betters in ever-increasing numbers. Their opening paragraph is dripping with derision [emphasis mine]:

The New York Times identified 45 people within the so-called Department of Government Efficiency, a group formed by Elon Musk that in a short few weeks has radically upended federal agencies. Few members have formal Washington experience. Many are software engineers. All seem to have a clear mandate: Shrink and disrupt the federal government.

“What do you mean, “so-called” Department of Government Efficiency? That’s its name. Can you ever imagine them writing, "Officials at the so-called FBI…” Then they pile on the snide, saying, “All [DOGE employees] seem to have a clear mandate: Shrink and disrupt the federal government.” No, their mandate is to cut waste and fraud and try to trim the gargantuan deficit. Their mission is not to “disrupt” the federal government merely for their amusement.”

The DOGE Gang are all government employees, so their identities can, or should be available to the public, but the Times isn’t doing this in the cause of the public’s right to know; or I won’t believe it until they publish a similar article exposing the identities of IRS agents, they’re doing it to harass and if something bad happens to these people, like the attack on the house of an Oregon Insurance company executive two days ago, well, heck, wouldn’t that be a shame?