The Day President Kennedy Was Shot

WPCNR NEWS COMMENT. By John F. Bailey. November 22, 2011 (Originally published in 2001):


Forty-eight years ago at about midday today eastern standard time, President John F. Kennedy was shot.


When I heard the news, I was heading up the steps of  Gray Chapel at Ohio Wesleyan University in Delaware, Ohio. It was sobering news. Then within the hour it was reported that the President was dead, and the search was on for potential suspects.


It was the first time in my life a national event had ever affected me.


Persons in their late 50s can probably remember exactly what they were doing when they heard that electrifying news.


Disbelief. Concern. Sadness.


Who would shoot the President?  How could they?


President Kennedy’s popularity was ebbing at that time. The public was initially inspired by the vision of Camelot and the likable, energetic young president. However, by the time he was assassinated, President Kennedy was coming under harsh criticism for his foreign policy and his inability to move an agenda through congress. He was ridiculed by impressionists and pushed around by congressional heavyweights.


But, when he was shot, the American public, even those who disagreed with his politics and considered him in over his head in the presidency, were stunned by grief and horror.


Nothing had happened like that in America since 1901 when President William McKinley was assassinated.


 An entire nation reflected in guilt for a week as the three television networks showed 24 hours a day assassination and funeral coverage.


Until the Trade Center Horror in 2001, this nation had not experienced anything on that national scale of reaction to an event.


Were we a more sensitive nation then? More sensitive to what killing actually is? I wonder. In the fast-moving sensationalism of news today, would the same sensitivity be there today?


Or, have we been hardened to violence, and do we now see violence as more of an acceptable solution to problems than to be avoided at all costs?


I remember how Americans sat mesmerized in front of their televisions as the Kennedy goodbye played out. I remember, too how Kennedy’s death swiftly paved the way for the landmark Civil Rights act of 1965, legislated by Kennedy’s successor, Lyndon B. Johnson. That legislation, without Kennedy’s assassination would probably never have been passed. I believe it passed because of collective guilt over Kennedy’s demise.


For 48 years, politicians, when their charisma is measured, have always been compared to Mr. Kennedy.


However, charisma does not get things done. Does not make for change by itself. It is nice but it achieves nothing unless you have some solid ideas, management skills, and are willing to work hard for it. Even, then, as a recent Kennedyesque President found out, it may not happen.


However, the political rancor and hysterical hatred of our current President expressed in the Republican debates, on talk radio and by candidates who should know better has created an atmosphere of disrespect for the President that exceeds even that aimed at George W. Bush.


The lack of respect for the Presidency today has created an atmosphere that is far more dangerous for the President than we can ever tell.


Ideas and rhetoric are one thing, but to vilify the President on the scale of what we hear today is irresponsible.

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Bradley Pleads Not Guilty to Contempt Charge Free on Bail.

WPCNR WHITE PLAINS LAW JOURNAL. November 22, 2011 UPDATED NOVEMBER 23, 2011:


Adam Bradley, former Mayor of White Plains who resigned in February of this year, after being convicted in December, 2010 of attempted assault on his wife, Fumiko Bradley appeared in City Court Wednesday and pled not guilty to a charge of contempt of court in the second degree for violating his probation conditions where he was instructed not to contact his wife. City Judge Brian Hansbury allowed Bradley to stay free on bail in his own recognizance until his return date of December 12. 


Bradley allegedly called his wife four times by contacting her, he said accidentally with his cellphone which dialed his wife inadvertently.


The specific complaint refers to only one call on November 12. The District Attorney’s Office asked Bradley be held on $10,000 bail until his next court appearance,December 13.


Bradley turned himself last Friday evening at 7  P.M.at White Plains Police Headquarters after his whereabouts was unknown throughout Friday, sparking two White Plains police searches (authorized by court-obtained search warrants) of premises of acquaintances Bradley knows, in hopes that Bradley was there.

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City Schedules Meeting at 6 PM on Eve of Holiday Getaway: FASNY on Tap

WPCNR CITY HALL CIRCUIT. November 21, 2011:


The city has announced a Special Meeting of the Common Council to discuss Resident Parking Permits;  Water Rates and the controversial French American School of New York Scoping Document regarding issues to be considered as part of the Environmental Review of the school plan to build a 7-building campus on the grounds of the former defunct Ridgeway Country Club.


The meeting will be held in City Hall, Mayor’s Conference Room at 6 P.M. Tuesday evening — the night before the busiest travel day of the year. The Agenda: 1. Resident Parking Permits; 2. Water Rates; 3. FASNY Scoping Document.


 

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Madoff Senior Trader Pleads Guilty to Making Fake Trades

WPCNR FBI WIRE. Special to WPCNR From the Federal Bureau of Investigation. November 21, 2011:


David L. Kugel, a former senior trader in the Market Making and Proprietary Trading operations of Bernard L. Madoff Investment Securities LLC (BLMIS), pleaded guilty today in Manhattan federal court to a six-count superseding information related to his conduct while employed at BLMIS, announced Preet Bharara, the U.S. Attorney for the Southern District of New York.


Kugel admitted that, beginning in the early 1970s, he helped create fake, backdated trades for the purpose of defrauding BLMIS’s investment advisory (IA) clients. Kugel pleaded guilty Monday before U.S. District Judge Laura Taylor Swain to two counts of conspiracy, as well as substantive counts of securities fraud, falsifying books and records of a broker-dealer, falsifying books and records of an investment adviser, and bank fraud. In addition to pleading guilty, Kugel agreed to cooperate with the government in its ongoing investigation of the fraud that occurred at BLMIS.


According to the superseding Information, plea agreement and other documents filed in connection with the case:


Kugel was employed at BLMIS from 1970 through Dec. 11, 2008. Beginning in 1970, Kugel was a trader in BLMIS’s Proprietary Trading and Market Making operations. In the late 1990s, he assumed a managerial position on the trading floor and later took on the role of “trading floor compliance analyst.”


From the 1970s through the collapse of BLMIS, Kugel provided historical trade information to other BLMIS employees, including Annette Bongiorno and Joann Crupi, which allegedly enabled them to create fake trades. Beginning in the early 1970s, Kugel provided certain historical information to Bongiorno so that she could select particular stocks and purchase prices to be used for each IA client, in order to meet the rate of return pre-determined by Bernard Madoff for that client.


The information that Kugel provided included stock names; the buy and sell dates of potential trades; as well as the historical price ranges of those stocks for the respective dates that Bongiorno could allegedly use to make a profit. Kugel’s information often mimicked trades previously executed in connection with BLMIS’s proprietary trading operation.


Beginning in the early 1990s, Kugel similarly provided Crupi with historical price information to enable her to allegedly create false, backdated trades for IA clients. These false, backdated trades were used to defraud IA clients because, when included on their account statements and trade confirmations, they gave the appearance of profitable trading when none, in fact, had occurred.


In addition, Kugel, and allegedly Crupi and others, defrauded numerous banks by using false financial information to obtain loans. On multiple occasions, Kugel and allegedly Crupi, submitted false and misleading information to banks concerning Kugel’s assets and the assets of others, in order to obtain loans for the purchase and construction of homes. With the assistance of Crupi and others, Kugel obtained multiple million-dollar loans based on the submission of this fraudulent information.


Kugel, 66, faces a total statutory maximum sentence of 85 years in prison. A chart identifying the maximum penalties for each of the charged offenses is attached to this release.


Kugel is also subject to mandatory restitution and criminal forfeiture and faces criminal fines up to twice the gross gain or loss derived from the offense. According to the agreements entered into with the government, Kugel has agreed to forfeiture of more than $170 billion, including his interests in homes, a luxury car, various accounts at financial institutions and other specific assets. The net proceeds from the sale of the forfeited property will be used to compensate victims of the fraud, consistent with applicable Department of Justice regulations.


Following the guilty plea, Judge Swain released Kugel on a $3 million bond on the condition that the bond be co-signed by six financially responsible individuals and secured by $900,000 in cash and property. In addition, Kugel’s travel is restricted to the Southern and Eastern Districts of New York and the District of New Jersey. He will be subject to strict pretrial supervision. Kugel has surrendered his passport.


Judge Swain set a sentencing date for Kugel of May 4, 2012, at 11:00 a.m.


Charges against Bongiorno and Crupi remain pending and are merely accusations. They are presumed innocent unless and until proven guilty.


Mr. Bharara praised the investigative work of the FBI. He also thanked the U.S. Securities and Exchange Commission for its assistance.


 


The case is being handled by the Office’s Securities and Commodities Fraud Task Force. Assistant U.S. Attorneys Lisa A. Baroni, Julian J. Moore, Arlo Devlin-Brown, Barbara A. Ward and Matthew L. Schwartz are in charge of the prosecution.


United States v. David L. Kugel, S4 10 Cr. 228 (LTS)
































COUNT


CHARGE


MAXIMUM PENALTIES


1


Conspiracy to (1) Commit Securities Fraud; (2) Falsify Books and Records of a Broker-Dealer; and (3) Falsify Books and Records of an Investment Adviser


Five years in prison; three years of supervised release; fine of the greatest of $250,000 or twice the gross gain or loss; mandatory $100 special assessment; and restitution.


2


Conspiracy to Commit Bank Fraud


Five years in prison; three years of supervised release; fine of the greatest of $250,000 or twice the gross gain or loss; mandatory $100 special assessment; and restitution.


3


Securities Fraud


20 years in prison; three years of supervised release; fine of the greatest of $5,000,000 or twice the gross gain or loss; mandatory $100 special assessment; and restitution.


4


 


Falsifying Books and Records of a Broker-Dealer


20 years in prison; three years of supervised release; fine of the greatest of $5,000,000 or twice the gross gain or loss; mandatory $100 special assessment; and restitution.


5


Falsifying Books and Records of an Investment Adviser


Five years in prison; three years of supervised release; fine of the greatest of $250,000 or twice the gross gain or loss; mandatory $100 special assessment; and restitution.


6


Bank Fraud


30 years in prison; five years of supervised release; fine of the greatest of $1,000,000 or twice the gross gain or loss; mandatory $100 special assessment; and restitution.









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