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The Port Chester Blog Of Record

The Port Chester Blog Of Record - Brain Harrod Editor / Publisher

Thursday, January 10, 2013

01/10/13 Interfaith Pulpit Exchange On Martin Luther King Day In Port Chester

For two years the clergy of Holy Rosary Roman Catholic Church, Congregation Kneses Tifereth Israel (KTI), St. Peter’s Episcopal Church, St. Paul’s Lutheran Church, All Souls Parish Presbyterian Church and St. Frances A.M.E. Zion have been sharing regular fellowship.  St. Paul's is in Rye Brook and the other congregations are in Port Chester.  They have gathered their congregations to do service projects and last November organized a "baby shower" for the Carver Center to benefit any local families with infants who need assistance.  Fr. Stephen Schenck of Holy Rosary passed away just two weeks before the benefit at the Carver Center that he helped organize and was greatly missed.

This year they have planned to preach at each other's congregations.  In years past they have marked the Martin Luther King holiday as a day of service for members of each church or synagogue to help groups that are feeding and clothing people in need.  This year they are showing up in each other's pulpits to talk about how they have been inspired by the legacy of Dr. King and how our congregations can share in the power of Dr. King's vision of a beloved community where we embrace diversity, practice compassion and speak for justice.  Rabbi Jaymee Alpert will preach at All Soul's, Rev. Bruce Baker will lead worship at St. Peter's, Fr. Hilario Albert will preach at St. Paul's all on Sunday January 27th.  Pastor Jim O'Hanlon will speak at Congregation KTI on January 19th at the 9:30am Sabbath service.  Pastor O'Hanlon will also lead worship together with Fr. Albert at St. Paul's service of Holy Communion at 9:45am.  The services at All Soul's and St. Peters' will be at 10am.  All Soul's on Parkway Drive will also be hosting a community celebration of the Martin Luther King holiday featuring, humanitarian awards, choruses from the Port Chester Schools and "The Minister's Council Community Choir" from a group of Port Chester Churches including Bethesda Baptist, Mt. Zion, St. Frances AME Zion and Girtman Memorial Church of the Living God.  Rev. Natalie Wimberly of St. Frances AME Zion will be preaching at that celebration.  

01/10/13 George Fox And His Rye Brook Based Titian Advisors Investment Firm Dumps His Billionaire Friend Steven Cohen And SAC Capital Advisors

Limiting Liability?

Rye Brook Money Manager Abandons His Stable Of Troubled Investment Funds
Titian advisors which manages about $3 billion on behalf of pension funds and wealthy individuals, has been shifting some of the money it invests with roughly two dozen hedge funds away from some larger funds into smaller ones, according to letters it has sent to investors.
One of the most noteworthy moves was its decision to pull its money from Steven A. Cohen's SAC Capital Advisors at a time when the $14 billion hedge fund is in the spotlight in an ongoing insider trading investigation.
The decision by Titan, a so-called hedge fund of funds, turned some heads on Wall Street because the firm's founder, George Fox, is a friend of Cohen's and his Port Chester area  investment firm is one of SAC Capital's oldest outside investors.
Titan is in the process of redeeming money from Bill Ackman's $11 billion hedge fund firm Pershing Square Capital Management, and in 2011 pulled all of its money out of $34 billion Brevan Howard Asset Management, one of the world's largest funds, according to the investor letters sent out from the Port Chester, New York investment firm.
Titan recently allocated money to GS Gamma, a New York-based fund with less than $1 billion under management, and BHR Capital, also in New York, with roughly $1.5 billion in assets.
Titan, according to a person familiar with the firm, had between $75 million and $100 million invested with SAC Capital.

There have been rumors that federal investigators had been in and around Port Chester, over the last two years.
Officials with Titan, who declined to comment, have not yet sent investors a letter explaining their decision to redeem from SAC Capital. The decision to exit, which investors were notified of in late December, came a few weeks after Mathew Martoma was charged with insider trading while working for Cohen's firm. He has pleaded not guilty.
Altogether, seven current and former SAC employees have been charged or implicated in the insider trading probe into hedge funds and their sources of trading tips, and the firm itself - along with the 56-year-old Cohen - has been drawing renewed scrutiny. Cohen has not been charged with any wrongdoing.

Nor has Mr. Fox been charged with any wrong doing.
Officials with SAC Capital, Pershing Square and Brevan Howard declined to comment to Greenwich Roundup on Titan's move.
The redemption from SAC Capital comes as Titan's own performance has been modest at best. Last year, the firm's flagship fund of funds was up 6.97 percent through the end of November, said a person familiar with Titan. I

n 2011, the fund was largely unchanged.
Titan would not be the first money manager to lose an appetite for large multi-billion dollar hedge funds. The $242.7 billion California Public Employees Retirement System, one of the biggest pension funds in the world, has long had a taste for smaller, less well-known hedge funds.

However, many experts said they thought the insider trading scrutiny may still have played a role in Titan's SAC decision.
It sounds like they were being very proactive in pulling out of SAC, but there may have been other reasons at work too,
Federal authorities left little doubt they were moving significantly closer to Cohen when they arrested Martoma in November and charged him with using inside information to generate profits and avoid losses totaling $276 million in shares of two drug stocks, Elan Corp PLC and Wyeth, now owned by Pfizer.
Federal authorities said Cohen, as owner of SAC Capital, signed off on the trades, even though the billionaire manager wasn't charged with any wrongdoing.
Ever since SAC's name first arose in the insider trading probe several years ago, George Fox has been loyal to Cohen.
At the end of 2010, Titan quit Loch Capital Management, one of four firms raided by federal authorities in November of that year, but it stuck with SAC Capital even after the hedge fund acknowledged getting a subpoena for information.
For now, Titan's redemption from SAC Capital does not appear to be setting off a run for the exits by outside investors, who account for $6.3 billion of SAC's money (the rest is owned by Cohen and other insiders, such as employees).


Some will remember that former New York Gov. Eliot Spitzer (AKA Client 9) used the name of his friend George Fox as an alias when he allegedly met with a prostitute in Washington.

George Fox, 52, who's asset management and advisory firm Titan Advisors, LLC, based in Rye Brook.

A New York public relations firm at the time released a statement on behalf of George Fox.

“The news that his name may have been used as an alias comes as a great surprise and disappointment,” the statement reads. “Mr. Fox only became aware of Mr. Spitzer’s alleged activity when informed of it Monday morning by the media.”

“Mr. Fox considers Governor Spitzer a close friend and is distressed by the news that has emerged.”

The statement affirms there is “absolutely no connection between George Fox and the Governor’s alleged activity beyond the unauthorized use of his name.”

SMART PHONE LEADER: Mayor Pilla Uses Social Media To Keep Residents Informed About Public Safety

Port Chester Mayor Dennis Pilla announced on social media today that the Port Chester Police Department made separate arrests today of the recent Subway armed robbery suspect and the South Regent Street murder suspect.

The mayor praised local law enforcement officials on Facebook saying"Our PD is second to none, and has a very high closure rate. The bad guys can run, but they can't hide."

Mayor Pilla has become a fan of using social media as a way to connect with the residents of the Long Island Sound village of over 30,000 residents.

He uses social media to take action and show real customer service. There is no team behind his social media efforts responding on his behalf. He is behind it all making a difference, and at a very fast pace. He is all about answering questions and providing his residents with any help that they need.

Mayor Pilla uses social for is encouraging residents to become active in Port Chester Government and to volunteer in the community.

Although Booker uses social networks most of the time as a way to communicate his thoughts and ideas to residents, he still communicates with residents in traditional ways.

Connecting with residents through social networks is done on a daily basis for Mayor Pilla.

He is always out on different locations making a differences and cleaning up the village.

Through social media he keeps the residents up to date about what he has been up to and what they can do to help out.

Ever since, he has made a difference through using these social networks.

via Port Chester News http://www.topix.com/city/port-chester-ny/2013/01/smart-phone-leader-mayor-pilla-uses-social-media-to-keep-residents-informed-about-public-safety?fromrss=1

White Plains Man Charged With Murder of 21-Year-Old in Port Chester

A White Plains man has been charged with second-degree murder in connection to the shooting of a 21-year-old man this August in Port Chester.

via Port Chester News http://www.topix.com/city/port-chester-ny/2013/01/white-plains-man-charged-with-murder-of-21-year-old-in-port-chester?fromrss=1

01//10/13 Port Chester Patch: Breaking News Alert

White Plains Man Charged With Murder of 21-Year-Old in Port Chester

Zach Oliva | Jan 10, 2013 | 0 Comments

Jaerue Williams, 27, of 59 Old Mamaroneck Road, White Plains, faces a second-degree murder charge in connection to the August shooting of a 21-year-old man in Port Chester.

01/10/13 SMART PHONE LEADER: Port Chester Mayor Dennis Pilla Uses Social Media To Keep Residents Informed About Public Safety Issues

I am pleased and proud to announce that the PC Police Department made separate arrests today of the recent Subway armed robbery suspect and the South Regent Street murder suspect. Our PD is second to none, and has a very high closure rate. The bad guys can run, but they can't hide...

Unlike ·  ·  · about an hour ago via BlackBerry PlayBook tablet app

January 10, 2013
The Village of Port Chester Police Department has made an arrest in connection with the December 26, 2012 armed robbery of the Subway Sandwich Store located at 302 Midland Avenue.
Charged with one count of Robbery in the first degree is John Mcfarlane, age 32, of 202 Federal Street Bridgeport Connecticut, is currently being held in the Bridgeport Correctional Center on unrelated charges as a result of this investigation. The Port Chester Police Department is currently seeking to extradite Mcfarlane from the State of Connecticut to face this charge.

This Investigation is continuing as efforts are being made to determine if this subject is related to similar incidents in the New York area.
Mr. Macfarlane was released from State prison in June of 2012, is currently on parole as a convicted felon, and has a significant criminal history that includes offences involving armed robbery.
Investigators are asking anyone with information about this crime to contact the Port Chester Police Department at (914) 939-8419. All calls will be kept confidential.

Career criminal arraigned on murder indictment

January 10, 2013
Contact: Tracy Everson (914) 995-3586

Westchester County District Attorney Janet DiFiore announced that Jaerue Williams (DOB 12/06/85) of 59 Old Mamaroneck Road, White Plains, New York, was arraigned today on a three count indictment charging him with:

  • one count of Murder in the Second Degree, a classA-1Felony,
  • one count of Manslaughter in the First Degree, a classBViolent Felony,
  • one count of Criminal Possession of a Weapon in the Second Degree, a classCViolent Felony, relating to a fatal shooting.
On August 11, 2012, at approximately 12:15 am, Port Chester Police responded to 16 South Regent Street on a report of a shooting.

The victim, 21 year old Wilfredo Rivera, had been transported to Greenwich Hospital by several friends.

Rivera, who was shot once in the chest at close range, was pronounced dead by hospital personnel.
Port Chester Police began an investigation and subsequently identified the defendant as the shooter.

The defendant was already in custody after being arrested on August 18, 2012 on a parole violation stemming from 2010 felony convictions on Criminal Possession of Stolen Property in the Fourth Degree in Mount Vernon and Attempted Criminal Possession of a Weapon in the Third Degree in Mamaroneck Village.

Subsequently, the defendant was indicted on September 26, 2012 in connection with a home burglary in Larchmont on charges of:

  • one count of Burglary in the Second Degree, a classCViolent Felony,
  • one count of Petit Larceny in the First Degree, a classAMisdemeanor,
  • two counts of Criminal Mischief in the Fourth Degree, class “A” Misdemeanors.

Larchmont Police identified the defendant during the course of an investigation into a residential burglary that was reported on August 12, 2012 at approximately 4:25 am and was captured on video surveillance.

The next court date in the murder case is January 22, 2013.

The defendant faces a maximum sentence of 25 years to life in state prison on the top count of the murder indictment and up to 15 years in state prison on the burglary charge.

Following the arraignment, District Attorney Janet DiFiore said,Collaborative detective work in several jurisdictions this defendant to both crimes which occurred within a day of each other.

Assistant District Attorney Wendy Parra of the Superior Court Trial Division is prosecuting the murder case.

Assistant District Attorney Timothy Ward, Chief of the Career Criminal Bureau, is prosecuting the burglary case.

01/11/13 THE PORT CHESTER TOPIX NEWS MESSAGE BOARD: Port Chester Ethics Board Wants Some Teeth

Topix Port Chester

Port Chester - News January 10, 2013

TOP STORY: 01/11/13  Port Chester Ethics Board Wants Some Teeth

(The Journal News)
The village Ethics Board is renewing a call for a wider role that goes beyond merely advising officials who ask for a review of their own conduct.

(The Port Chester Daily Voice)
PORT CHESTER, N.Y. A Mount Vernon man was charged with possession of heroin after a narcotics bust in Port Chester, police said.

Can you correctly identify where this picture was taken? The first person to provide the correct answer here on Rye or Port Chester Patch wins! Feel free to post in the comments section below as soon as you know what the picture is of or where it was taken.
Port Chester Topix
Local News Editor
Brian Harrod
Monday was a Greenwich man's lucky day in Port Chester, NY. The 49-year-old told police that as his truck was parked on North Main Street shortly before 11:44 a.m., he spotted a man in the cab of the truck.

01/10/13 BREAKING NEWS: Train Station Robbery Suspect Assigned...

Thursday, Jan 10 2013
Port Chester
Breaking News

by Brian Donnelly
WHITE PLAINS, N.Y. - The man charged with committing a string of eight armed robberies near Metro North stations was assigned a ...

01/10/13 The Raw Port Chester News Feed (AM Report)

Port Chester Ethics Board wants ability to review complaints
The Journal News | LoHud.com
Currently the board takes inquiries only from the individual in question. Neighboring Rye, like many municipalities, allows any town employee or officer to bring a complaint. The Port Chester Ethics Board has handled only about three requests for ...
Tip Leads to Heroin Arrest in Port Chester
Anthony Morgan, 36, of 236 S. 5th Ave., Mount Vernon, was arrested at about 8 p.m. Tuesday by Port Chester detectives at a 20 Bush Ave. after an investigation of a call to police about drug activity at that building. Morgan is accused of third-degree ...
Port Chester High School Scholar-Athlete Earns Award
The Daily Voice
Port Chester HIgh School football player Jason Ippolito was named to the 2012 Golden Dozen Scholar-Athlete Team by the Westchester Chapter of the National Football Foundation and Hall of Fame. Photo Credit: Contributed. Ippolito will will receive his ...
Do You Know Where This Photo Was Taken?
Can you correctly identify where this picture was taken? The first person to provide the correct answer here on Rye or Port Chester Patch wins! Feel free to post in the comments section below as soon as you know what the picture is of or where it was ...
PatchCast: Truck Flips; Stolen Car Found
Port Chester Patch. Sunny. 43°. Current weather. TODAY | 43° F. Sunny. Highs in the mid 40s. Northwest winds 10 to 15 mph. Hourly · Detailed · Radar. FRI. 50% Chance of Rain. 45°. 40°. SAT. Partly Sunny. 54°. 45°. SUN. Mostly Cloudy. 54°. 43°. MON ...

01/10/13 New Today in Port Chester

Thursday, Jan 10 2013
Port Chester
Today's Weather
Mostly Sunny
H: 44 L: 29
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Top Stories
Port Chester Police Arrest Suspected Drug Dealer
by Anna Helhoski
Commissioner: Gaps In Reporting Mental Health To Gun Licensing Agents
by Brian Donnelly
What Do You Think Of Gov. Cuomo's Gun Control Proposal?
by Jessica Glenza
Port Chester High School Scholar-Athlete Earns Award
by Anna Helhoski

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