Gee, Councilman Dan Garodnick, are you really surprised that you and the tenants were hoodwinked by defendant criminal racketeers CWCapital Asset Management? FOR TWO YEARS now you and the tenants association have been on notice that you are negotiating with racketeers who commit such felonies as assault on tenants -by its Gestapo Squad led by Fred “Himmler” Knapp, Esq. (Rose Associates, CompassRock) a so-called mercenary ’attorney’ who has been involved with terrorizing tenants and committing fraud for over 20 years - tax fraud, assault, interference with 911 calls, criminal mischief, threatening tenants.
What a change of tune Defendant Racketeers CWCapital (Charles Spetka) is singing…(wonder what his tune will be to the feds? probably will be singing like a canary since white collar criminals are sissies when they are facing prison terms, hopefully, he and his co-defendant racketeers (Adam Rose, Daniel Rose, Amy Rose, Paul Gruber, Esq., Robert Goldstein, Esq., Carla Seals, Jerry Speyer, Rob Speyer, Peter McQuillen, Fred Knapp, Gregory Claude, and their NYPD 13th precinct Adam Rose personal rent boys) will pull a Mark Madoff and save tax payers millions of dollars).
In January 2010, Defendant Racketeers CWCapital (Charles Spetka, ) conned Councilman Dan Garodnick and the Tenants Association - and shockingly they fell for it (hoping that the Tishman Speyer (Jerry Speyer), Rose Associates (Adam Rose) and CWCapital had another politician, judge, lawyer in their bulging pockets of corrupt mysogynists and sociopaths):
CWCaptial, the financial group that took over the senior mortgage at Stuyvesant Town and Peter Cooper Village early this week, broke its silence in a letter to City Council member and Stuy Town rent stabilization advocate Dan Garodnick, according to the New York Observer. Despite the special servicer’s reluctance to publicly comment on the ongoing Stuyvesant Town mortgage melee, the letter, written by Charles Spetka, president of CWCaptial, heaps praise on the council member, referring to Garodnick as “an outstanding community leader,” and promises that CWCapital will “make every effort to work cooperatively with [Garodnick] and the [Stuyvesant Town and Peter Cooper Village] residents.” Although Spetka noted that his company’s first priority is to secure the $3 billion owed to mortgage lenders, he said that CWCapital “believe[s] strongly that the underlying value of these properties is directly linked to maintaining the [positive] attributes of Peter Cooper Village and Stuyvesant Town.””
Read that one over again, Councilman Dan Garodnick…hoodwinked, hoodwinked, hoodwinked.
How long does it take a politician to finally acknowledge he’s been conned? Three years??:
Stuy-Town tenants aim to ax the middleman
The Tenants Association sent a letter to residents at Stuyvesant Town Peter Cooper Village stating that henceforth the group will seek to cut out the middleman—CW Capital, the special servicer that represents the bond holders in the foreclosed property—in favor of reaching out to the debt-holders directly.
CW Capital Asset Management, is stone-walling the efforts of the Stuyvesant Town Peter Cooper Village Tenants Association and its partner Brookfield Asset Management to buy the sprawling property and convert the property so it can pay off its debt, according to a statement from the tenants association Tuesday morning.
The Tenants Association sent a letter to residents at the rent-regulated property, which runs from East 14th to East 23rd streets along the East River, on Tuesday. It stated that henceforth the group will seek to cut out the middleman—CW Capital, the special servicer that represents the bond holders in the foreclosed property—in favor of reaching out to the debt-holders directly. The reason is that CW Capital has not been responsive. City Councilman Dan Garodnick, a long-time resident of the complex, sent a similar letter to CW Capital.
“Despite having teamed up with word-class legal and financial advisors Paul Weiss, and Moelis & Company, and a highly credible capital partner, Brookfield Asset Management, and communicating in multiple ways with CW Capital, it consistently declines to engage with us,” said John Marsh, president of the Tenants Association, in a press statement. …
CW Capital declined to comment.
According to the Tenants Association, CW Capital said it will not discuss future plans for the property until the ongoing litigation regarding rents is settled. …the Tenant Association accuses CW Capital of using the lawsuit “as a pretext for inaction,” adding the special servicer of profiting from the situation, as it has been collecting fees on the property since it took on the additional role of the property’s manager in August.
“After decades of peace in Stuyvesant Town and Peter Cooper Village, the last six years have brought conflict, upheaval, and instability,” wrote Mr. Garodnick in his letter to CW Capital. “While we cannot point fingers at CW Capital for creating the problem, we certainly can fault you for prolonging it.”
Hey great minds at Paul Weiss Rifkind Wharton & Garrison LLP, Moelis & Company, and Councilman Dan Garodnick — do you think maybe the fact that CWCapital and the bondholders — who were ALL PART OF THE RACKETEERING SCHEME to illegally destabilize Stuyvesant Town and to terrorize rent stabilized tenants — are subject to disgorgement of the property - meaning THEY WILL LOSE TITLE, might have something to do with their silence?
And, oh, by the way Tenants Association and Councilman Dan Garodnick — your buddies there at BROOKFIELD are possible racketeers and PART OF THE ORIGINAL RACKETEERING SCHEME as junior bondholders.