A Strategic Disclosure

A Strategic Disclosure

There are 40 comments on the Hartford Courant story from May 17, 2007, titled A Strategic Disclosure. In it, Hartford Courant reports that:

Jurors hearing the civil securities lawsuit against former state Senate Majority Leader William A. DiBella began deliberating late Thursday, just hours after being told that DiBella would have been indicted ...

Join the discussion below, or Read more at Hartford Courant.

First Prev
of 2
Next Last
Duke

Winsted, CT

#1 May 18, 2007
Interesting. Wonder if DiBella suggested to Silvester in 2000 that testifying against him might be a very bad idea?
Milt Friedman

Tiverton, RI

#3 May 18, 2007
Judging from what the story elsewhere in the paper says about state ethics rules being watered down to nothing maybe they are listening to Paul Silvester as well

It's an interesting defense "this would be a criminal trial if the feds could rely on their lying thieving witness, who was one of my best friends"
Claude

West Hartford, CT

#4 May 18, 2007
The feds will surely get another crack at DiBella since he is the head of the MDC who is about to award $2 billion to contractors for their big dig project. I bet Dibella will either demand commissions or share them with his straw-lobbiest. What a shock; Mary-Phil Guinnan is an MDC lobbiest!
He Walks Again

Waterbury, CT

#5 May 18, 2007
You would think like Rowland they would have found even more...To have this guy in charge of the MDC as Chairman is not right. Business as Usual in CT. Great for Criminals & Lawyers.
Oh Yes

Waterbury, CT

#6 May 18, 2007
John Rowland is a Lobbyist and it has been over a year (revolving door policy( so I'm sure companies will pay him fees to lobby William DiBella. Brnedan Fox and others who worked for Rowland are already the at MDC. They are already feeding at this Billion Dollars trough.
Alex

New York, NY

#7 May 18, 2007
I don't think we're getting the full story here from the courant. The reason DiBella was indicted was because the SEC had trouble "handling" Sylvester? They just had him under oath in this trial on Tuesday, and he repeatedly said DiBella knew absolutely nothing about the crimes the treasurer's office was committing.

The gov't wants to believe Sylvester's word when it suits their case, but then call him a criminal and a liar when his testimoney hurts it.
Luke

Newington, CT

#8 May 18, 2007
Let's talk about his hair again (LOL) how does it go from white to gray? ROFL
DiBella Hair

Waterbury, CT

#9 May 18, 2007
Free Stem Cell Research & Gene Therapy on Jodi Rell's UCONN Grants....The Devil & Dorian Gray?
Sue

South Windsor, CT

#10 May 18, 2007
Looks like Teflon Dibella, maybe they should look into his taxes.
Like water off a duck's back - MDC water.
Steven_G_Erickso n

Westfield, MA

#11 May 18, 2007
Less than 1% of the dirt gets out.

Connecticut is a target rich environment for investigators.

I would like to see a paddy wagon come pick up the official criminals in the Capitol and Connecticut Supreme Court.

Until the bad apples are taken away in handcuffs, the sleaze and wholesale rip off of the public will continue.

Every citizen in Connecticut that pays taxes and does not get their money's worth is a victim in Connecticut.

http://thegetjusticecoalition.blogspot.com/20...
mae

AOL

#12 May 18, 2007
."...listed the charges they would bring against DiBella: aiding and abetting in the collection of corrupt payments, soliciting corrupt payments, mail fraud and theft of government services."

Hiding behind a weight loss and a new 'do' doesn't conceal this one man's laundy list of allegations going 'way back to his health care "holdings".

Could it be that his being from the political party that endighted all those who are presently in or have been in jail helps him from going there at this time?

Have to check with Maura Lyons and Kevin O'Connor, but many think th e high crimes and misdemeanors listed above are far worse, coupled with the nursing home allegations,than any of those done by Silvester.

Someofth ehigh profile lawyers in this case must also be scratching their heads on the technicalities that allow this man to walk.

and this is barely scratching the surface of the house of the gold spittoons; the are too regal, and that works in a monarchy,not a democracy. He should get the same deal in "justice" as you or I or the ones who took the fall for him.

But they are too elderly and frail and probably dead by now.

Justice should not depend on whose ox is being gored, not whose donkey is making an **** out of the rest of .
Phil Spector

Fort Huachuca, AZ

#13 May 18, 2007
Boy DiBella aged badly. Whats with that saggy skin? Italians usually don't age that poorly. By the way his hair looks awful.
mae

AOL

#14 May 18, 2007
the rest of U.S.
Tom

Portland, CT

#15 May 18, 2007
BTW, great photo of this crook in the Courant. Kudos to the photographer for capturing a crook's face that is caught in the crosshairs and very unhappy about it. Very UGLY indeed!!! I expect to see a forked tongue slither out of that mouth any second!
current

AOL

#16 May 18, 2007
`A Blast from the Past: 2004
Governor Rowland went to jail for less than this:
U.S. Securities and Exchange Commission
Litigation Release No. 18829 / August 12, 2004
SEC v. William A. DiBella and North Cove Ventures, LLC, Civil Action No. 304CV1342 (WWE)(District of Connecticut)
SEC FILES FRAUD CHARGES AGAINST WILLIAM DIBELLA, FORMER MAJORITY LEADER OF THE CONNECTICUT STATE SENATE, AND HIS CONSULTING FIRM
The Securities and Exchange Commission filed a civil fraud action today against William A. DiBella, the former Majority Leader of the Connecticut State Senate, and his consulting firm, North Cove Ventures, L.L.C., in Connecticut federal district court. The Commission=s Complaint alleges that, beginning in November 1998, DiBella and North Cove participated in a fraudulent scheme with the-then Treasurer of the State of Connecticut, Paul J. Silvester, concerning Silvester's investment of $75 million of the state pension funds with Thayer Capital Partners, a Washington, DC-based private equity firm. According to the Complaint, Silvester used the investment to reward DiBella, his friend and political supporter, for past and anticipated future services. In connection with the investment, Silvester requested that Thayer, through its chairman, Frederic V. Malek, hire DiBella. Thayer agreed to retain DiBella and to pay him a percentage of the state pension fund's total investment with Thayer, even though DiBella had no prior involvement with the transaction and ultimately performed no meaningful work related to the investment. DiBella understood from Silvester that there was no work to be done on the deal. The Complaint also alleges that Silvester increased the amount of the pension fund=s investment with Thayer by at least $25 million (to a total of $75 million) solely to secure a larger fee for DiBella. DiBella was ultimately paid a total of $374,500. The Complaint alleges that DiBella and North Cove aided and abetted Silvester=s violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and the violations by Thayer and its two affiliates of Section 206(2) of the Investment Advisers Act of 1940. The Commission is seeking injunctive relief, disgorgement, and civil penalties, and an order permanently barring defendant DiBella from serving as an officer or director of a public company. In October 2000, Silvester settled related Commission charges concerning his investment of state pension fund money with two other private equity funds.
The Commission also instituted separate, but related, settled administrative and cease-and-desist proceedings against Thayer, Malek, and two Thayer affiliates, TC Equity Partners IV, L.L.C. and TC Management Partners IV, L.L.C. concerning their failure to disclose to the state pension fund that, at the request of Silvester, they retained and paid DiBella nearly $375,000 in connection with the state pension fund's investment with a Thayer private equity fund, Thayer Equity Investors IV, L.P. Without admitting or denying the Commission=s findings, Thayer, Malek, and the two Thayer affiliates consented to the issuance of an order censuring them and requiring them to cease and desist from violating certain provisions of the Securities Act of 1933 and the Investment Advisers Act of 1940. The Commission also ordered Thayer to pay a civil penalty of $150,000 and Malek to pay a civil penalty of $100,000.
Thayer Capital Partners et al., Rel. 33-8457; IA-2276; File No. 3-11585; For further information, see SEC v. Silvester et al. LR-18461, LR-18436, LR-16834, and LR-16759.
SEC Complaint in this matter
http://www.sec.gov/litigation/litreleases/lr1...
----------
Home Previous Page Modified: 0X/XX/2004
Vern

Columbia, SC

#17 May 18, 2007
Merrill Lynch made $2.5 million off of this deal with Sylvester, Thayer made $16 million A YEAR, Billy DiBella made a total of 370k from this, but only 1 of the above has ever been sued by the SEC.

Does anyone else see anything odd with the situation above?
Average Joe

Newington, CT

#18 May 18, 2007
$375,000 for a 60-second phone call? It would take the average person 10 years to make that. Do you think that was the first time he did that? Do you think others are doing it too? Darn right. These people must be stopped. Now.
Now

Waterbury, CT

#20 May 18, 2007
From his picture, DiBella looks like he has a wasting disease. Hope it is short.
Vern

Columbia, SC

#21 May 18, 2007
Average Joe wrote:
$375,000 for a 60-second phone call? It would take the average person 10 years to make that. Do you think that was the first time he did that? Do you think others are doing it too? Darn right. These people must be stopped. Now.
The case comes down to wether he did "meaningful" work for his fee.

Whether a real estate agent sells your house on the market in 10 mins, or 10 months, they still get their 6% commission. We applaud the agent for selling our home in 10 minutes, do we question whether they did "meaningful work"? No.

Malek, a guy who is McCain's finance chief, isn't in the business of paying people hundreds of thousands for doing nothing. So obviously, if he paid him, he must have thought DiBella's work was meaningful.
How About Ben Andrews

Waterbury, CT

#22 May 18, 2007
He was found GUILTY years ago and nothings is happening.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 2
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Hartford Courant Discussions

Title Updated Last By Comments
News Eastman Chemical cutting up to 300 jobs, reduci... (Mar '09) 11 hr Caitlyn Jenner 7
News Once slow-moving threat, global warming speeds ... (Dec '08) 20 hr Into The Night 63,970
News Is Illinois couple's murder tied to bankruptcy ... (Oct '08) Sep 13 ColdCase 20
News Israel Doesn't Own The Moral High Ground (Jan '09) Aug 30 rotunda speklir 1,060
News DCF Vs. Parents: Unfair Tactics? -- Courant.com (Jul '07) Aug 28 Airicka 238
News Adding sex back into relationship (Dec '08) Aug 23 RACE 198
News Developer Resubmits Plan In Wethersfield (Jun '08) Aug 20 Warning 44
More from around the web