Eric said "Rossi mentioned the Cherokee bankruptcies.." but actuallyRossi didn't
he no commented it
Eric( another Eric) brought it up before 'cheated investor'..see below
Fog and more fog.
" Eric May 5, 2016 at 12:05 PM
Thomas Darden needs to realize that he believes it’s perfectly okay to make our lives an endless treadmill of government interferences while providing few real benefits to our health and happiness. More than anything else, such beliefs shed light on Darden’s moral values and suggest incontrovertibly that he claims that we’re supposed to shut up and smile when he says temulent things.
INDISPUTABLE FACTS:
In 2005 the Cherokee owned company EnCap received more than $300 million in publicly sponsored bond financing for the Meadowland project in New Jersey and then filed for bankruptcy protection later in 2008 and did not complete the project.
EnCap and another Cherokee affiliate earned millions of dollars in dumping fees on fill brought to the site.
Cherokee created a whopping 27 new business entities in New Jersey alone. William Gauger, the CEO that Darden appointed was indicted by FBI for “fraudulent invoicing scheme“.
In 2003, Cherokee raised $620 million in equity for investment in projects around the world. Cherokee’s portfolio of projects included industrial, office, hotel and residential properties. The shareholders of the investment funds are primarily large pension funds.
In the meantime, from 2001 to 2004, Cherokee and its consultants had contributed almost $1.5 million to the Democratic State Committee to win the project on Petty’s Island, a $1 billion waterfront makeover intended to increase tax revenue and transform the town.
Cherokee’s law firm DeCotiis even tapped Joseph Salema, a former top aide to Gov. James Florio. Salema pleaded guilty to securities fraud in 1995.
How much money did the politically connected DeCotiis law firm and other EnCap consultants make from the pool of public financing? The Record reported during its own yearlong investigation that the Teaneck firm had billed nearly $9 million by 2004 alone.
Thomas Darden’s words sound pretty until you read between the lines and see that Darden is secretly saying that he intends to exploit public sympathy in order to bolster support for his worthless escapades.
Let me end this letter by challenging the readers to urge lawmakers to pass a nonbinding resolution affirming that Mr. Thomas Darden’s success is just a flash in the pan. Are you with me, or with the forces of aspheterism and oppression?
Folks, check your facts:"