Thursday, October 30, 2014

Stein Update

United States v. Mitchell J. Stein
Court Docket Number: 9:11-cr-80205-KAM
Sentencing has been rescheduled for December 4, 2014 at 9:00 AM in West Palm Beach Division before Judge Kenneth A. Marra, U.S. District Court Judge for the Southern District of Florida, Paul G. Rogers Federal Building, 701 Clematis Street, Courtroom 4, West Palm Beach, Florida 33401.

The BLUE House

 $3,088,000
  JUST REDUCED BY OVER $300,000 - Exceptional mountain and city views from every room are the signature of this mountainside home overlooking The Boulders Resort with views all the way to Pinnacle Peak, Camelback Mtn and beyond. The main floor features a split floor plan with 3 full bedroom suites on one side all with full bath and walk-in closets, and a true master retreat on the other side. The home includes state-of-the art media room, full home gym, an extended length and over-height garage space for 10+ cars, and a one-of-a-king Stainless Steel ''Chef's Kitchen''. A full guest apartment is on a lower level that includes full kitchen, great room, bedroom w/ walk in closet and laundry room and elevator to main floor. Glamour on Black Mountain features the best views in the area.



Wednesday, October 29, 2014

More for Mel




Reduced-$4,250,000

 Superb Craftsmanship, Outstanding Details & Authentic Finishes unite to create an environment of comfortable sophistication in this timeless Santa Fe soft contemporary home. Perfectly sited on 9 acres at the optimal elevation to afford privacy and the ultimate in valleywide views. Thoughtfully designed by Ron Brissette, and constructed by Linthicum, this outstanding property consists of the primary residence (5737 SF), separate self-contained 2 bed/2 bath guest home (1860 SF), and a detached studio/office with full bath (542 SF). Memorable handcrafted details such as 150 year old reclaimed barn beams and Venetian plaster. Exceptional outdoor entertaining areas include a spectacular entrance patio with mountainside waterfall, and south-facing patios that showcase the captivating vistas.




Monday, October 27, 2014

For Mel-from a beautiful friend

The date is December 5, 2014
Mitch Stein Sentencing…..?

A little blurb on the 700 TRILLION + Derivatives market

Great Forbes Article

Banks don’t tell investors how much of the “notional amount” that they could lose in a worst-case scenario, nor are they required to. Even a savvy investor who reads the footnotes can only guess at what a bank’s potential risk exposure from the complicated interactions of derivatives might be. And when experts can’t assess risk, and large bets go wrong simultaneously, the whole financial system can freeze and lead to a global financial meltdown.

Ever heard of “variable interest entities” aka VIEs? If not, you are not alone. They are phenomena that reside in what The Atlantic calls “an even lower circle of financial hell” than proprietary trading. They are basically a new label for “special-purpose entities” i.e. the infamous accounting devices that Enron employed to hide its debts. These deals were called ‘off-balance-sheet’ transactions, because they did not appear on Enron’s balance sheet.

As of the end of 2011, Wells Fargo, the “extremely safe bank”, reported “significant continuing involvement” with variable-interest entities that had total assets of about $1.5 trillion. The ‘maximum exposure to loss’ that it reports is much smaller, but still substantial: just over $60 billion, more than 40 percent of its capital reserves. The bank says the likelihood of such a loss is ‘extremely remote.’ As The Atlantic comments: “We can hope.”

We asked Wells Fargo to explain its VIE disclosures, but its representatives once again simply pointed us back to the annual report. We specifically asked about the bank’s own reported corrections of these numbers (in one footnote, Wells Fargo cryptically says, “ ‘VIEs that we consolidate’ has been revised to correct previously reported amounts”). But the bank would not tell us anything about those corrections. From the annual report, one cannot determine which VIEs were involved, or how big the corrections were.

Saturday, October 25, 2014

From the former home of Rebecca Parrett



 

Organisers

Concept and Background of the Event

The concept is based on establishing South Africa's top celebrity golfer in an environment which replicates a US PGA Tour event. After a nine year period, the event has proven to be very popular, establishing itself as the premier celebrity golf event in the country. The event comprises an invitational field of top government officials, high profile corporate executives and legendary South African sportsmen competing alongside one another. Importantly, the makeup of the field reflects the various cultures of our country.
The event takes place from the Friday through Sunday afternoon. Arrivals start early Friday morning culminating in the official opening gala on Friday evening. The tournament is played over Saturday and Sunday with cumulative scores being collated to determine the winners.

Promoter

The event is promoted by Kevin Curren, former Wimbledon finalist. Kevin has a wealth of experience in the promotion of high profile sporting events.

Rebecca Parrett's Arizona home open today

 $2,950,000
Call for appointment

Thursday, October 23, 2014

Rebecca Parrett’s Husband to Plead Guilty to Helping Her Flee

  Aug 26, 2011 9:01 PM MT 
The husband of Rebecca Parrett, a former National Century Financial Enterprises Inc. executive who hid in Mexico after her U.S. conviction in a $2.9 billion fraud, agreed to plead guilty for lying about her flight.
Gary Green, 51, will admit lying to investigators about the location of his wife, according to records made public yesterday in federal court in Columbus, Ohio. Parrett fled days after her conviction in March 2008 for her role in a fraud at National Century, a defunct health-care financing company.
Parrett, 62, was arrested Oct. 26 by Mexican immigration authorities in the resort town of Ajijic, Jalisco, more than 2 1/2 years after disappearing. She was convicted in Columbus and was on bail when she fled her home in Carefree, Arizona, where she lived with Green, her sixth husband. He was arrested Jan. 6 in southern California and released on $5,000 bond.
“We anticipate that he will plead guilty and be sentenced in Los Angeles,” said Assistant U.S. Attorney Douglas Squires in a telephone interview. “Under the plea agreement, he’ll serve five months in jail and five months of house arrest.”
Green attorney Steven Scott Nolder, an assistant federal public defender, didn’t immediately return a call for comment.
Denied Contact
A U.S. Marshal’s arrest complaint said Green talked by phone with Parrett and denied to investigators in 2008 and 2009 that he had any contact with her. Green also misled investigators about giving $10,000 in cash and clothes to a Mexican woman to deliver to his wife, according to the complaint. The woman, who didn’t know Parrett’s identity at the time, later helped investigators.
Parrett appeared Dec. 23 before U.S. District Judge Algenon Marbley, who had sentenced her in absentia in March 2009 and imposed a $2.38 billion restitution order. Parrett said she had been sick and on medication when she was convicted.
“When you said guilty, I just felt like my body went into a black hole,” Parrett told the judge. “I just did not want to live anymore. So my course to Mexico was not to escape. My course to Mexico was to die, your honor. But that didn’t happen either.”
After Parrett’s arrest, Deputy U.S. Marshal Brian Babtist said she was “living in the lap of luxury” in Ajijic on the north shore of Lake Chapala.
Went Dancing
She used an alias and told people she was an American who testified against others in a large white-collar crime case, he said. She went out dancing and got treatments from a Mexican anti-aging doctor, Babtist said.
Parrett was convicted with four other executives of fraud, money laundering and conspiracy. A former vice chairman, secretary and treasurer, she is one of 10 executives who were convicted at trial or pleaded guilty. On the day he sentenced Parrett, Marbley imposed a 30-year term on former Chief Executive Officer Lance Poulsen.
A federal appeals court two days ago upheld the conviction and sentence of Poulsen.
The case is U.S. v. Poulsen, 06-129, U.S. District Court, Southern District of Ohio (Columbus).
To contact the reporter on this story: David Voreacos in NewarkNew Jersey atdvoreacos@bloomberg.net.
To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.
Ajijic

Wednesday, October 22, 2014

PV Foreclosure

 $3,750,000
  Spectacular view from highest point on the mountain. Ample deck space for entertainment or possible additional explansion. Panoramic view of Camelback, downtown Phoenix and Four Peaks. Beautifully renovated with extensive use of stone and rich woods. Resort style pool and spa area. Incredible sound system with state of the art touch controls, wine room. Master suite with separate study. Fabulous master bath area with sauna and generous dressing rooms. Guest quarters with elaborate work out area and separate entrance. The views and privacy are unparalleled.
 
FORECLOSURE DETAILS
Recording Date:07/11/2014File Number:140454550Link To Recorded Document Deed Type:NT
Orig Name:PATRICK M DONAHUEOrig Date:06/26/2003Orig Doc #030832977Link To Recorded Document
Company:DEUTSCHE BANK NATIONAL TRSUT COMPANYOrig Mtg Bal:$1,306,000
Auction Place:Superior Court BuildingAuction Date:11/18/2014Auction Time:
Trustee:ERIC L COOKPhone #(714) 730-2727Sale ID:155119AZ


Paradise Valley

 $1,050,000
 Beautiful PV home on a large corner lot. Unique home with a contemporary feel inside. Extremely light and bright with French doors all around. Full remodel and addition in 2010. Incredible and convenient location across the street from the PVCC golf course with fabulous mountain views from the front and back. This is a great lot with a beautiful home and plenty of room for a guest house or pool casita. Stunning stone floors, Wood crafted kitchen cabinetry and new appliances(2 dishwashers). Fabulous Master retreat with a private patio, large master bath, his and her vanities, spa bathtub, and enormous walk-in closet. An incredible deal in Paradise Valley, don't miss this one!
 




Good Buy, Great Hood

$2,495,000
  Fabulous hillside property in Carefree Ranch! Very private with stunning city light, sunset and mountain views. The main level features master suite, a guest bedroom, office, gourmet kitchen open to family room and formal living and dining rooms with wet bar. Covered patios surround the main level providing beautiful views of the NW valley! The lower level features 3 separate entrance casitas that can be accessed via outdoor staircases or elevator. Casitas include four bedrooms and four baths. Lower level opens to a grass area and pool/spa, cascading water feature, fire pit & gazebo with BBQ. Great house for entertaining! Slab granite, travertine flooring & knotty alder cabinetry fill this spectacular home. Views, views, views!
 
Beds/Baths: 6 / 6.5
Bedrooms Plus: 8
Approx SqFt: 6,931 / Appraiser
Price/SqFt: $359.98
Year Built: 1995
Pool: Private
Encoded Features: 66.5FRDXPSQAO4G





Wednesday, October 15, 2014

Paradise Valley

Stunning modernist masterpiece on a spectacular Paradise Valley view lot. Completely re-constructed in 2006, this extraordinary home brings the outdoors in by day and transforms to a masterful light box by night. Timeless modern architecture with an open floor plan featuring 4 en-suite bedrooms plus a library. The glass floored entry allows you to ''walk on water'' before entering the large great room with soaring 20' ceilings and glass walls. The backyard boasts a spectacular black granite slab, infinity pool, separate spa, streams and water features set among lush desert landscaping. This home provides the perfect showcase for modern art and sculpture. Camelback and Mummy Mountain views and exquisite finishes throughout. One of the finest modern homes in all of Paradise Valley.
 $4,000,000