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What Can Go Wrong?

Plenty.

Belmar’s close relationships with Chefs, Merri-Makers cause for concern.

(For me, anyway.)

 

The SEC said Oyster Bay and Venditto concealed from investors in 26 securities offerings from August 2010 to December 2015 how the town had agreed to indirectly guarantee four private loans worth more than $20 million to Singh.

According to the SEC, the decision “to go to such great lengths” to help Singh, identified as the “concessionaire” in its complaint, stemmed from his “long and close relationship” with town and county officials, involving gifts, bribes, kickbacks and political support.

.

All with the cooperation of a compliant Town Board:

On March 23, 2010, the Oyster Bay Town Board unanimously passed an unusual resolution — one that later would become key to federal allegations of corruption against former Supervisor John Venditto…………………….

…………………How did it pass the town board? Why was the town so willing to help out a single concessionaire when there likely were others facing a credit crunch? And why didn’t any town board member question why the municipality should — either directly or indirectly — place the burden on town taxpayers to pay off one vendor’s debts, should he default?

No one asked any of those questions.

They didn’t ask those questions because they were likely in Venditto’s pocket, who in turn was in Singh’s pocket.  Not a good situation and one that you can see parallels to here in Belmar.

9 Comments

  1. OLD MAN wrote:

    Ok reaching for the aspirins now.

    Monday, November 27, 2017 at 5:18 am | Permalink
  2. Tom Dilberger wrote:

    Pretty soon, this’ll be the only acshun left to us.
    ————————————-

    1856 vigilantes changed corrupt political system – SFGate

    http://www.sfgate.com/…/1856-vigilantes-changed-corrupt-political-system-5663654.php

    Aug 1, 2014 – The vigilantes who seized control of San Francisco in 1856 had more … was a Tammany Hall-style political machine run by a Democratic operative named David Broderick. … off the Sacramento Street pier, its guns trained on Fort Gunnybags. … Japanese mayor vows to end SF sister city status over statue …
    Missing: town

    Monday, November 27, 2017 at 5:44 am | Permalink
  3. admin wrote:

    Just to be clear, I’m not saying anything like that is happening here. But I find close relationships between the town and people who are in business with the town worrying.

    Monday, November 27, 2017 at 5:50 am | Permalink
  4. guest wrote:

    Does anyone know if Chef’s International pays into the SID for Marina Grill and Anchor Tavern and 9th Ave Pier? Rumor on main street is that they do not.

    Monday, November 27, 2017 at 8:01 am | Permalink
  5. admin wrote:

    It’s not a rumor. They do not. Neither does Merri-Makers.

    Monday, November 27, 2017 at 8:20 am | Permalink
  6. Maria wrote:

    Only the land owners pay for Sid not the tenets

    Monday, November 27, 2017 at 9:26 am | Permalink
  7. Guest wrote:

    Chefs international owns the Anchor Tavern property so should pay into SID

    Monday, November 27, 2017 at 8:30 pm | Permalink
  8. admin wrote:

    The SID tax is based on the property tax. If they are paying “payment in lieu of taxes” under redevelopment instead of property tax then there are no payments to the SID. Not sure offhand if Anchor is under redevelopment or not.

    Tuesday, November 28, 2017 at 7:18 pm | Permalink
  9. Eugene Creamer wrote:

    I don’t pay SID tax …. just the tax to pay for hazardous Main Street light poles between 10th & 5th Avenues.

    Monday, November 27, 2017 at 10:23 pm | Permalink

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