Sunday, August 21, 2011

The Mattabassett Board of Directors awaited answers from the Legistalture before admitting the city of Middletown into the District

The Mattabassett District Board of Directors are awaiting answers from the State Legislature how the City of  Middletown payment is to be made to the district in one lump sum or installments of two payments totaling a sum of $13,000,000.  Based on recent comments made by the Board's Chairman, William Candelori, The Legislative act is unclear.
Posted by Frank Smith at 21.8.11

3 comments:

Anonymous said...

Board's Chairman, William Candelori:

William P. Candelori, a former state lawmaker and executive at Colonial, pleaded guilty to Federal tax evasion for failing to report hundreds of thousands in income" ("2 Partners In Investment Plead Guilty" The New York Times, June 9, 1993)


as reported by the SEC:

"WILLIAM CANDELORI BARRED"

"The Commission announced the entry of an order instituting administrative proceedings against William P. Candelori (Candelori) and the simultaneous acceptance of his offer of settlement. Candelori is a former associated person of Colonial Equities Corp., a broker-dealer previously registered with the Commission. The Order bars Candelori from association with any broker, dealer, municipal securities dealer, investment adviser or investment company.

The Commission found that on August 22 the Honorable T. F. Gilroy Daly of the U.S. District Court for the District of Connecticut enjoined Candelori from further violations of certain registration and antifraud provisions of the securities laws. The complaint, filed on March 9 against Candelori and six others, alleges violations of several antifraud and securities registration provisions of the federal securities laws in connection with a fraudulent unregistered public offering by Colonial Realty Company of 1200 limited partnership units in the Colonial Constitution Limited Partnership during 1989 and 1990. Candelori consented to the injunctive order without admitting or denying the complaint's allegations. The administrative order against Candelori was also based on his prior criminal conviction. (rel. 34-36170)."

August 21, 2011 at 5:17 PM
Anonymous said...

That is why the Lib Dems on The New Britain common council chose him as their ideal candidate to put in charge of 100 million dollars of taxpayer money, so ideal in fact that they over-road a mayoral veto to do it.

August 22, 2011 at 12:07 PM
Anonymous said...

In the infamous words of Deep Throat:

FOLLOW THE MONEY!

August 22, 2011 at 4:02 PM

Post a Comment

Subscribe to: Post Comments (Atom)

Web Tracking
Online Florist