300 MOTORISTS “SNAPPED” IN THE ACT OF PASSING STOPPED SCHOOL BUSES IN SOMERS SCHOOL DISTRICT BY BUSPATROL CAMS.

Westchester only county in the New York region that has not approved such a program.

WPCNR SCHOOL DAYS. From BusPatrol. December 21, 2022:

BusPatrol and the Somers Central School District today released new data showing nearly 300 motorists that illegally passed a stopped school buses over a two-month period. 

BusPatrol and the school district also released several videos of close encounters, providing the public a firsthand look into the dangerous driving behavior that routinely endangers young children when getting on and off a school bus. The footage was captured using cameras that were installed on stop-arms affixed to 59 school buses.

The school district obtained the data through a pilot program with BusPatrol, the leading stop-arm enforcement technology provider in North America. 

Jean Souliere, CEO and Founder of BusPatrol, said: “These illegal passings are extremely dangerous and demonstrate the need for sensible photo enforcement on our roads. Westchester should follow the lead of other counties and pass a school bus safety program that gives schools and law enforcement the tools they need to keep our kids safe.”

“The BusPatrol program highlights a county-wide problem involving motorists running the red lights and stop arms on school buses,” said Somers schools Assistant Director of Transportation, Gerard Esposito. “In Somers we feel fortunate to have a program in place that deters motorists from putting our children in danger.”    

From August through October, school buses equipped with AI-powered stop-arm cameras recorded a total of 280 illegal passings. This equates to 4.7 stop-arm violations per bus per day and 7.4 violations per weekday, or 0.1 violations per bus per weekday. The pilot data represents the clearest example to date that this type of illegally activity on the roads goes unreported and unenforced on a regular basis. 

Westchester is the only county in the New York City region that has not authorized a school bus safety program. As a result, school districts and police departments across the county are denied the opportunity to utilize advanced photo enforcement technology to catch lawbreakers and issue citations to motorists who illegally pass a stopped school bus.

Meanwhile, neighboring suburban counties including Rockland, Dutchess, Putnam, as well as Suffolk County and several municipalities in Nassau County on Long Island, have all approved bus safety programs.

According to the Governor’s Traffic Safety Committee, stopped school buses are passed illegally an estimated 50,000 times per school day.

In New York State, it is illegal to pass a stopped school bus when the large red visual sign is in operation. Flashing lights mean the bus is picking up or discharging students. All motorists are required to stop whether approaching a stopped school bus from the front or overtaking it from the rear. This applies whenever their visual signal is in operation on any public highway, street, or private road.

Effective August 19, 2019, the new school bus camera law in New York authorizes school districts and municipalities to use stop-arm cameras on school buses to hold vehicle owners responsible for their cars passing a stopped school bus.  This program allows a school district to equip school buses with stop-arm cameras designed to capture images of vehicles illegally passing stopped buses. The images are then transmitted to the municipality and used to identify the owners of vehicles and to send notices of liability to the owners. Tickets given by these cameras can result in fines of $250 for a first violation up to $300 for each violation in an 18-month period. The owners may then pay a fine or contest their liability.

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FORMER WALL STREET TRADER CONVICTED OF FRAUD IN PRECIOUS METALS SPOOFING SCHEME. JPMORGAN PAYS $920 MILLION IN PENALTIES. 4 OTHERS PREVIOUSLY CONVICTED.

WPCNR FBI WIRE. From the Federal Bureau of Investigation. December 21, 2022:

A federal jury in the Northern District of Illinois convicted a former trader at JPMorgan Chase and Credit Suisse today of fraud in connection with a spoofing scheme in the gold and silver futures markets.

According to court documents and evidence presented at trial, Christopher Jordan, 51, of Mountainside, New Jersey, was an executive director and trader on JPMorgan’s precious metals desk in New York from 2006 to 2009, and on Credit Suisse’s precious metals desk in New York in 2010.

Between 2008 and 2010, Jordan placed thousands of spoof orders, i.e., orders that he intended to cancel before execution, to drive prices in a direction more favorable to orders he intended to execute on the opposite side of the market.

Jordan engaged in this deceptive spoofing strategy while trading gold and silver futures contracts on the Commodity Exchange (COMEX), which is a commodities exchange operated by the CME Group. These deceptive orders were intended to inject false and misleading information about the genuine supply and demand for gold and silver futures contracts into the markets.

Jordan was convicted of wire fraud affecting a financial institution. He is scheduled to be sentenced at a later date and faces a maximum penalty of 30 years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

Four other former JPMorgan precious metals traders were previously convicted in related cases.

In August 2022, Gregg Smith and Michael Nowak were convicted after trial in the Northern District of Illinois of wire fraud affecting a financial institution, commodities fraud, attempted price manipulation, and spoofing.

In October 2018, John Edmonds pleaded guilty in the District of Connecticut to one count of commodities fraud and one count of conspiracy to commit wire fraud, commodities fraud, price manipulation, and spoofing.

In August 2019, Christian Trunz pleaded guilty in the Eastern District of New York to one count of conspiracy to engage in spoofing and one count of spoofing. Smith, Nowak, Edmonds, and Trunz are awaiting sentencing.

In September 2020, JPMorgan admitted to committing wire fraud in connection with (1) unlawful trading in the markets for precious metals futures contracts and (2) unlawful trading in the markets for U.S. Treasury futures contracts and in the secondary (cash) market for U.S. Treasury notes and bonds.

JPMorgan entered into a three-year deferred prosecution agreement pursuant to which it paid more than $920 million in criminal monetary penalties, criminal disgorgement, and victim compensation, with parallel resolutions by the Commodity Futures Trading Commission and the Securities Exchange Commission announced on the same day.

Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department’s Criminal Division and Assistant Director Luis Quesada of the FBI’s Criminal Investigative Division made the announcement.

The FBI New York Field Office investigated the case.

Trial Attorneys Matthew Sullivan, Lucy Jennings, and Christopher Fenton of the Criminal Division’s Fraud Section are prosecuting the case.

Individuals who believe that they may be a victim in this case should visit the Fraud Section’s Victim Witness website at https://www.justice.gov/criminal-vns/case/jpmorgan-chase-co-deferred-prosecution-agreement for more information.

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FORMER CEO PLEADS GUILTY TO DEFRAUDING HIS COMPANY OF MILLIONS OF DOLLARS

WPCNR FBI WIRE. From the Federal Bureau of Investigation. December 20, 2022:

Damian Williams, the United States Attorney for the Southern District of New York, announced today that SUNI MUNSHANI, the former Chief Executive Officer of a Connecticut-based technology company (the “Victim Company”), pled guilty today in Manhattan federal court in connection with a scheme to defraud the Victim Company of millions of dollars.  Pursuant to his plea agreement with the Government, MUNSHANI agreed to pay $10,485,043 in restitution to the Victim Company.  District Judge Jed S. Rakoff accepted the defendant’s guilty plea. 

U.S. Attorney Damian Williams said: “Not even a year into his appointment as CEO, Suni Munshani began betraying his employer’s trust and breaking the law, stealing millions of dollars to line his pockets.  Company executives are given significant amounts of power, but today’s plea should send the message that this Office will be ready to act if an executive chooses to abuse that power.”

According to the allegations in the Superseding Information and other filings and statements made in court:

Between 2011 and 2019, SUNI MUNSHANI was the CEO of the Victim Company, which provided data security services to its clients. 

Within six months of his appointment as CEO, MUNSHANI and others began an approximately nine-year scheme to defraud the Victim Company.  During the scheme, MUNSHANI created an email account associated with a purported third-party contractor controlled by MUNSHANI and used that email account to correspond with the Victim Company and to obtain payments from the Victim Company totaling at least approximately $3 million dollars for services that were never provided to the Victim Company. 

He also caused the Victim Company to issue a $3.5 million check for a purported tax liability, which check MUNSHANI then deposited into an unauthorized bank account created by MUNSHANI in the name of the Victim Company.  

In addition, MUNSHANI defrauded the Victim Company through fraudulent licensing and reseller agreements between the Victim Company and two other companies (the “Licensing Company” and the “Reseller Company,” respectively). 

Among other things, MUNSHANI instructed another individual to set up the Reseller Company “in the same way as [the Licensing Company],” and then helped create and submit fraudulent invoices from the Reseller Company to the Victim Company.

*                *                *

MUNSHANI, 61, of Easton, Connecticut, pled guilty to one count of conspiracy to commit wire fraud, which carries a maximum sentence of five years in prison. 

The maximum potential sentence in this case is prescribed by Congress and is provided here for informational purposes only, as any sentencing of the defendant will be determined by the judge.

Mr. Williams praised the outstanding investigative work of the Federal Bureau of Investigation’s New York Office.

The prosecution of this case is being handled by the Office’s Complex Frauds and Cybercrime Unit.  Assistant U.S. Attorney Timothy V. Capozzi is in charge of the prosecution.

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LETTER TO THE PLANNING BOARD: AFTER LAST WEEK’S RAIN, FARRELL ESTATES at RIDGEWAY NEEDS TO TAKE A CLOSER LOOK AT THE WATER PROBLEM

THE PLANNING BOARD MEETS ON THE FARRELL ESTATES PROPOSAL TONIGHT 7 TO 9 PM AT CITY HALL

FORMER RIDGEWAY COUNTRY CLUB FLOODING FRIDAY, DECEMBER 16 DURING LAST WEEK RAINS (Photo by Ron Rhodes)

WPCNR THE LETTER TICKER. December 20, 2022:

Dear Planning Board Members,


Thank you for following up on our email of November 30th relating to “water issues” on the old golf course property.  We understand that many of you made a visit to inspect the property in person and we appreciate your interest and concern.  


The above picture from our house was during last Friday’s rain.  Some of our questions include: 

Are the mini-lakes from the natural sloping of the original golf course?  Or from the piping of the underground streams that may be damaged?  Or maybe the original developer of the golf course planned this area as wetlands?  When Farrell builds 4 homes and a City street over this area where does the water that we see now flow to?

Surrounding residents like ourselves have been seeing wetlands like this for years. . .at times even worse. 

That is why in our prior email we asked for an independent expert to give a Second Opinion on the “water issues” for the whole golf course.  

And hopefully Farrell will use this study as the basis for describing the current water conditions on the old golf course property in his environmental submissions. 

In fact we would like to see Farrell beforehand review his summary of the current conditions with the Gedney Association. . .as we recall from a decade or so ago FASNY’s initial SEQUA description had so much misinformation that we had difficulty recognizing our own neighborhood.Thanks again for your visit and follow up questioning.


Marie and Ron Rhodes

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