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 
http://seenation.com/print_news_details.php?newsid=11860

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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11 Comments

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

  1. Anonymous

    Found this hilarious link to wrap things up in a pretty bow. 🙂

    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 notablesattorney has taken on a case that onl 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
    http://seenation.com/print_news_details.php?newsid=11860n

  2. Anon

    Color me naïve, but how does someone who might be running a scam stay under the Fed/SEC radar? It’s like the guy is using Monopoly money for his bids. To me, the dead giveaway that something is funny is the website has no principals page (and hey, probably because they have no principles?!)

    Young Mr. Mascioli has a WordPress blog, go figure, but it’s by invitation only. http://alexmascioli.wordpress.com/

    You need to get Teri Buhl on this, Mascioli even spent time in New Canaan. This is right up her alley.

  3. Revisiting the Honulik case

    I do not know which is worse?
    Failure to promote a smart cop? and Greenwich resident or

    http://www.greenwichtime.com/default/article/Court-rejects-age-claim-in-cop-promotion-case-161368.php

    This article points to Greenwich having a Chief of Police, two? deputy Chief, Captains?, multiple layers of cops for a town of 60,000 and 151 cops.

    Why does this town even need two 2 deputy police chiefs
    or even 4 deput fire chiefs?.

    Why does the citizenry not say end the pensions and layers of cops? Selectman is the overall head of Police. What are you throwing your money on all the administrative crap?
    Then the article says Chief Ridberg was on vacation? But he got a 150K pension for life.

    Wake up Greenwich. Get rid of your cops. You are paying for a lifetime of pensions on a group of high school dummies that are way too many to begin with.

  4. Anonymous

    Read his twitter feed, its funny, in a pathetic kind of way. This guy is a clown.

  5. Scotty

    Alexander Mascioli has been a con artist all of his life. He was sent to prison twice and did his time, however he continues to manipulate people, especially divorced vulnerable women. His press releases on the web are all “free” that anyone can do. He has no money behind him, but is pretending to. Meanwhile he is trying to boost his image by submitting fake offers of intent and press releases to new agencies that have no merit. The SEC will get him, it is just a matter of time. I just hope he does not hurt to many people first. Proof positive that you can “be anything you want to be” on the internet…

    he never drove a racecar in his life. let alone professionally.
    he has a 9th grade education
    he has been arrested for over 17 felonies in connecticut and new york.

    check the records, it is all public info!

    • A wiser man than I wouldn’t run this but truth is a defense to libel and so far as I can tell, what you say seems pretty much what I was able to dig up on the guy. Question I have is why, when it is so easy to run this name, do news organizations give him free ad space? Spyker, Saab, now Winnebago, all his false announcements moved those companies’ prices so someone lost money relying on Bloomberg, WSJ, etc treating him as legitimate.

  6. Scotty

    Wall Street Journal
    Winnebago Industries Inc. (WGO) received a $322 million acquisition offer from private-equity firm North Street Capital LP but said it hasn’t received sufficient information to deem the bid credible. The recreation-vehicle maker on Friday confirmed

    Nuff Said

  7. Scotty

    If someone creates a website (or 5) it is possible to make themselves look legit. Most important. Then you get a legal template for an acquisition proposal letter of intent, then submit it to a publicly traded firm, they MUST report it. Then you submit this to the various news agencies as hot news, and they dont vet it, and just report it. By the time the “acquired” firm does due diligence on “the acquirer”, such as verification of assets, then the press is already out. And the the acquirer continues to build his false reputation…Check on the followup news on the Spyker/Saab deal.

    get it?

  8. Anonymous

    This most certainly is the one and only Alex Mascioli. He is a fraud. He uses and abuses women. The only reason he was able to hire Micky as his attorney is because he stole the $20,000.00 from me. He is a delusional sociopath. He totally believes his lies. He physically abuses women, lies, steals from them while he lives off them. I see he has taken his fraud to a new level. As far as I know Alex has Mascioli has never worked a day in his life. His actions has forced me and several others into bankruptcy. Nothing he says or does is true or honorable.