Flipping on Cutler

A builder paid $3.5 million for 20 Cutler Road last April, fixed it up (“stunningly renovated” — I had a folder going for awhile in which I was collecting every listing that used “stunning” in its description, but quickly realized that stunning houses are even more common, if that’s possible, than those with gourmet chef kitchens, so I gave it up) and has put it back on the market at $6.295 million. That’s more than I’d pay to live on Cutler, but I suppose someone might be willing to.

Old Greenwich, two lots: sold seperately, or buy both, and save!

17 & 21 Keofferam Road, 0.72 acres in total, but two seperate building lots (or redo the 1906 existing home) is new to the market for $6.850 million.

#17 Guest cottage

If that number’s a tad too deep for your pocket, No. 17, 0.333 of an acre that includes a 1930 one-bedroom cottage, is available for $3.2 million, and No. 21, 0.39 of an acre with the existing residence is offered at $4.8 million. By my admittedly limited math, buying the lots individually will run you $8 million, so, together, they’re practically giving the full parcel away at just $6.850.

The late owner, who lived to 96, sounds like a remarkable woman.

She's said she's sorry, her lawyer says any loss suffered by JPMorgan is "inconsequential"; by golly, shouldn’t that be enough?

“So we’re good, right?”

Charlie Javice, who defrauded JPMorgan out of $175M [or $200M, but who’s counting? —Ed], invokes Holocaust survivor grandmother in letter to judge: ‘I am truly sorry’

Javice, 33, was convicted in March of securities fraud, wire fraud, bank fraud and conspiracy after a Manhattan jury found she fabricated customer data to convince JPMorgan that Frank had more than 4 million users. 

In reality, the platform had fewer than 300,000.

Prosecutors said Javice and her growth officer, Olivier Amar, paid a data scientist to generate millions of fake student accounts to mislead the bank before its $175 million acquisition in 2021.

Javice now faces decades in prison but has pleaded for mercy, citing her youth at the time of the crimes and her family obligations.

“At 28, I was out of my depth and made poor choices that still haunt me,” she wrote.

…. Her lawyers are asking for a no-prison sentence and no restitution to JPMorgan.

Sentencing is scheduled for later this month.

And here’re those lawyers now — it’s an argument that would play well in today’s college and law school classrooms, but there are still some federal judges around who may not find it convincing:

Javice, in sentencing memo, calls JPMorgan a ‘unique’ victim

Comparing the bank’s annual revenue against the median U.S. household income of $80,610, the Frank co-founder’s lawyer said the bank’s alleged $200 million loss equates proportionately to $58.

Frank co-founder Charlie Javice called JPMorgan Chase’s $200 million loss at her hands “not consequential” in a court filing Monday arguing for a light sentence for her fraud conviction.

The $200 million loss JPMorgan incurred in its purchase of Frank – done under the impression of incorrect information about Frank’s user base – was pennies on the dollar compared to its $4 trillion in assets and annual revenues exceeding $169 billion, Javice lawyer Sara Clark, a partner at Quinn Emanuel Urquhart & Sullivan in Washington, D.C., argued.

“This case lacks the devastating human impact that typically justifies lengthy fraud sentences, and the Court should impose a penalty proportionate to the offense’s actual harm,” Clark wrote. “Evidence introduced at trial further underscores the limited practical impact of the alleged loss.”

Judge Alvin Hellerstein should “consider the unique nature of the victim” at her Sept. 29 sentencing, Javice’s lawyer argued. Comparing the bank’s annual revenue against the median U.S. household income of $80,610, the Frank co-founder’s lawyer said the bank’s alleged $200 million loss equates proportionately to $58.

“This comparison provides a more realistic picture of the relative scale of the alleged loss when measured against the resources of the institution involved,” Clark wrote.

Javice and Frank co-founder Olivier Amar were convicted on one count each of securities fraud, wire fraud, bank fraud and conspiracy in March, roughly two years after they were charged with those counts for allegedly grossly misleading JPMorgan on their user count. Both face years in prison.

Federal guidelines indicate that Javice should receive a 12-year sentence, according to a pre-sentence report by court staff seen by Bloomberg.

But Javice’s attorney argued the “absence of tangible or lasting harm to an individual victim or vulnerable community weighs strongly in favor of a below-Guidelines sentence” – and posited that unlike other companies involved in fraud, Javice’s fintech “delivered genuine social good” by helping students navigate the “often prohibitive” financial aid process.

…. Additionally, Clark wrote that a custodial sentence isn’t necessary to deter future conduct for Javice, whose effective banning from financial services and entrepreneurship, international shame in the media and financial ruin add up to “collateral consequences,” she wrote.

“A period of incarceration is not necessary ‘to protect the public from further crimes of the defendant,’” Clark wrote.

By that logic, someone who robs them of, say, $100,000 deserves a toaster oven and free checking.

The Tex Antoine of Albany capitulates to the inevitable, and looks happy doing it – Silly her

NY Gov. Kathy Hochul endorses Zohran Mamdani for NYC mayor

Hochul must have read the polls, remembered the late and lamented weatherman Tex Antoine’s advice to those in her situation, and has hopped into the commie canoe. At least she’s smiling; she might not be so happy, however, were she to reflect on what happened to her Manhattan rishi after he passed along his bit of wisdom:

Tex was a likeable-enough fellow who, unfortunately, liked to drink his dinner between the 6:00 and 11:00 p.m. broadcasts. One evening he returned to the station after his liquid repast and ad libbed some advice for those who are facing the unavoidable; it did not go well for Tex, and Hochul may fare no better.

AI Overview

Tex Antoine was suspended from WABC-TV in 1976 after making an offensive on-air comment about rape, which he falsely attributed to the Chinese philosopher Confucius

The incident

  • The comment: On November 24, 1976, Antoine, a WABC-TV weather reporter, was on the air during the station's early newscast [pretty sure it was the late-night bracast, but perhaps he’d been tanking up before kickoff. Either way, alcohol was involved] Following a news report on a sexual assault* he stated, "With rape so predominant in the news lately, it is well to remember the words of Confucius: If rape is inevitable, lie back and enjoy it".

  • The reaction: WABC-TV was inundated with more than 650 protest calls within 25 minutes of Antoine's comment airing. Station officials considered the comment a "flippant remark" and "an inexcusable lapse in judgment".

  • The outcome: Antoine was suspended indefinitely by WABC-TV, and station officials issued an apology to viewers for his "insensitive and offensive" remark. Following the incident, Antoine never returned to his on-air position. 

*the rape victim was, if I remember correctly, 6 years old; Tex later claimed he hadn’t heard that part of the report, but it didn’t help him much.

Who are you going to believe. me, or your own eyes? (updated)

Anti-Trump Historian Claims With Straight Face Left Wing Wasn’t ‘Celebrating’ Charlie Kirk Assassination

“As soon as the shooting happened, there is this outpouring insisting that he [Kirk] was a target of the left, insisting that people who were not MAGA were celebrating his death. I didn’t see that absolutely anywhere and I was online significantly that day,” Richardson claimed during her podcast “Politics Talk.” “There was an outpouring from liberals and most of the left — maybe there were some people who thought that he was, you know, live by the sword, die by the sword, because he was quoted — there is a video of him talking about how if we have to have deaths to support the Second Amendment, that’s fair because we need that to support our greater rights, and, you know, people posted that.”

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Related:

That's our boy

Unhinged much? LA’s Fairfax Senior High may not see ALL its students again tomorrow — they’ll either be dead, or attending their parents’ funerals

I’m sure Erik will want to wear one of these on the unemployment line (assuming he isn’t named principle of Fairfax High which, because it’s California, isn’t an impossibility):

Not stupid (maybe) but certainly ignorant, and uninterested in studying and thinking about history (Updated)

school daze

Zohran Mamdani a Red Flag of What a Brainwashed Electorate Will Choose

Betsy McCaughey, former Lt. Governor of New York State

       …. We the public have ceded control of education to the far left. The result is a curriculum that never mentions the brutal consequences of socialist experiments in Eastern Europe, Latin America and elsewhere, and instead brainwashes students with a fairytale definition of "socialism" devoid of any historical context.

        Of course young New York voters are troubled by the unaffordability of the city. But that alone does not explain the appeal of Mamdani's socialist promise. Numerous polls show socialism is gaining traction among younger voters. They're being brainwashed in school.

        Gallup reported Monday that 49% of people ages 18 to 34 had a positive view of socialism, compared with 30% of those over age 55.

        Our only option is to fight politically to regain control of what's taught in our schools.

        Here is text from a typical lesson plan recommended for New York state teachers, telling students: "In a capitalist society, the goal is for individuals to make profit by earning as much money as they can. In a socialist society, the government directs the wealth so it is more equally spread around to everyone, but there is still private ownership of property and businesses. In a communist society, everyone is equal and given the same amount of resources as determined by the government."

        Students are encouraged to choose one of these economic systems -- based on these misleading definitions -- and defend their choice.

        New Yorkers should be outraged. This lesson plan includes no discussion of how, in the name of socialism and equality, Cold War despots in Russia, Romania, Poland and other Eastern Bloc counties slaughtered innocents, seized property and sunk their countries into starvation-level poverty.

        Students aren't told how socialism has plunged Venezuela into starvation since voters opted for socialist Hugo Chavez in December 1998. Chavez promised a fairer relationship among the socioeconomic classes. Sound familiar?

        On the campaign trail, Mamdani is promising the same equality that kids are hearing about in the classroom.

        "There must be a better distribution of wealth for all of God's children in this country," Mamdani tells CNN.

        "There is enough money for a life of dignity for all people," he says on ABC.

        No discussion of socialism's brutal past. It's not because socialism was implemented by bad actors. Socialism is inherently coercive because it violates our rights as individuals to work and acquire more property than the guy next door who doesn't work.

        It is now politically incorrect to suggest young voters -- many of them college graduates -- buying Mamdani's socialist promises, such as rent freezes, are victims of an inadequate education. When I stated that on CNN Thursday evening, Congressman Ro Khanna demanded that I apologize because he falsely claimed I was calling Mamdani voters "stupid."

        No, not "stupid," just lacking any knowledge of history.

        History would help them evaluate Mamdani's housing proposals, where New Yorkers are especially stressed.

        Mamdani said in 2020 that "people often ask what socialists mean when we say we want to 'decommodify' housing. Basically, we want to move away from a situation where most people acquire housing by purchasing it on the market & toward a situation where the state guarantees high-quality housing to all."

        That's reminiscent of what the despots of Eastern Europe did during the Cold War, building huge concrete apartment blocks with meager square-foot allotments per family. Romanian despot Nicolae Ceausescu razed entire villages to herd the populace into his high-rise state-run facilities.

        Of course, a New York mayor has far fewer powers. But Mamdani promises on his campaign website to build 200,000 new units of "permanently affordable, union-built, rent-stabilized homes."

        Sounds wonderful, unless you're familiar with the failure of New York City Housing Authority housing, which ghettoizes the poor in unlivable circumstances. It takes on average 350 to 423 days to prepare a vacant NYCHA apartment for occupancy -- a sign of the system's dysfunction. NYCHA residents suffer heat and hot water outages, mold and dilapidated conditions.

        We have failed young voters by ceding control of their education to the teachers unions.

        Union members and their relatives outgun parent groups to control local school board elections, and unions dominate statewide curriculum choices. That has to change fast, or the push for a phony vision of socialism -- already dominant in the schools -- will soon dominate at the ballot box as well. Mamdani is a red flag.

The Promise:

The Reality:

But Kirk wasn’t the only recipient of noxious comments after his murder — so was Libs of TikTok proprietor Chaya Raichik.

(“86 47” is “code” for “Kill Trump”, by the way)