Tag Archives: Walt Noel

That was quick, as expected

Galleon Group liquidating. That doesn’t mean Raj Raj will need to sell his house on Round Hill – he still has a billion dollars or so to tide him over during any upcoming down time, but if he’s going to be away for awhile, he may not need or want a weekend getaway. Perhaps he can assemble a real estate package with Walt, Ric Bourke and Dom DeVito and offer a three for one sale – it works for Jos. A. Banks.

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Charles Ponzi would be very proud

Everyone wants to be a Ponzi artist. As the high water recedes and exposes what’s been just below the surface, we’re discovering new frauds every day – bad markets will do that. Here’s another $350 million (ho hum) scam. The guy was a crooked penny stock broker who went into “bridge loans” after his release from prison. His lawyer asures us that his client is working with the authorities “to allay investors’ concerns.” No mention of it, but perhaps he’s sharing Bernie’s penthouse as they work together to allay concerns. Or, of course, he could travel to either 175 or 202 Round Hill Road and work his magic there.

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