Ellen Pao's father-in-law child psychiatrist James P. Comer and the Yale Child Study Center which leads to the Child Mind Institute and ICMEC rabbit hole (pizzagate)

submitted ago by MercurysBall2

Ellen Pao had an acrimonious divorce from her husband Alphonse "Buddy" Fletcher Jr. : https://nypost.com/2019/08/16/buddy-fletcher-and-ellen-paos-marriage-ending-with-mudslinging-and-acrimony/

Prior to marrying Pao he had been in a 10 year gay relationship with Hobart “Bo” Fowlkes Jr. https://www.vanityfair.com/style/scandal/2013/03/buddy-fletcher-ellen-pao

https://imgur.com/a/CskwuiT NEW YORK CITY, NY - FEBRUARY 15: (L-R) Buddy Fletcher, Bo Fowlkes, Jonathan Capehart and Darren Walker attend Cocktail Party Celebrating Jonathan Capehart's Appointment as Senior Vice President at Hill & Knowlton USA at The Home of Darren Walker on February 15, 2005 in New York City

https://imgur.com/a/XHjaisx with Bloomberg at the same event

But more about that at another time.. let's get to Buddy's parents.. They were Alphonse and Bettye Fletcher https://www.courant.com/news/connecticut/hc-xpm-2005-05-07-0505070761-story.html

Bettye Fletcher Comer, the boys' mother, was a longtime educator and school administrator in New London and Stamford. She earned her doctorate a few years before retiring. Alphonse Fletcher Sr. was a technician at Electric Boat...

Bettye's second husband was Dr James P. Comer https://en.wikipedia.org/wiki/James_P._Comer

James P. Comer (born James Pierpont Comer, September 25, 1934 in East Chicago, Indiana) is currently the Maurice Falk Professor of Child Psychiatry at the Yale Child Study Center and has been since 1976.[1] He is also an associate dean at the Yale School of Medicine.

Dr. Comer has also served as a consultant to the Children's Television Workshop (Sesame Workshop) which produces Sesame Street and The Electric Company (1971 TV series). He is a co-founder and past president of the Black Psychiatrists of America and has served on the board of several universities, foundations, and corporations...

..In 1968 Dr. Al Solnit, the director of the Yale Child Study Center at time, asked Dr. Comer to return to New Haven to run the New Haven Intervention Project, a collaboration between the Center and the New Haven Public Schools. Dr. Comer and his colleagues worked in the two lowest performing elementary schools in New Haven.... The Comer School Development Program (SDP) is a research-based, comprehensive K-12 education reform program grounded in the principles of child, adolescent, and adult development. Over the past 40 plus years the SDP model has been implemented in more than 1000 schools in 26 American states, the District of Columbia, Trinidad and Tobago, South Africa, England, and Ireland.

Dr. James P. Comer on 2011 Charles W. Hunt Lecture Panel at AACTE Annual Conference

Dr. James P. Comer was one of the five presenters on the 2011 Charles W. Hunt Lecture panel, “How Children Learn and Develop: What Ed Schools Should Teach,” at the American Association of Colleges for Teacher Education (AACTE) annual conference on February 25th in San Diego.

Three panelists then described their work to support the application of the developmental and learning sciences with pre-service and in-service educators: Desiree Pointer Mace, Ph.D., the associate dean of the School of Education at Alverno College in Milwaukee; Jeanne M. Burns, Ph.D., Associate Commissioner for Teacher and Leadership Initiatives for the Louisiana Board of Regents; and John Holland, a child development specialist in the Richmond, Virginia public schools...

[May be relevant to a forthcoming post on Wayfair.. but I digress.. Back to the Yale Child Study Center..

..Debra G. Perelman, Co-Founder and Vice Chair of the Child Mind Institute. Daddy is Ronald O. Perelman.. Ron Perelman is quite chummy with Jeffrey Epstein>Here is a website page [of Foundation Child] showing the CMI, the Yale Foundation, ICMEC [and the psychiatric profession] all working together. http://www.fondazionechild.it/fondazione_child.php?sezione=142

https://imgur.com/a/6Vhlru1

That's an extensive list including Yale, World Psychiatric Association, Missing Children of Europe , the American Academy of Child and Adolescent Psychiatry, IACAPAP, the International Association for Child and Adolescent Psychiatry and Allied Professions and SOS TELEFONO AZZURRO ... http://www.azzurro.it/index.php/it/ ... there are links with the Vatican. Feb. 2018 article: https://cruxnow.com/vatican/2018/02/26/papal-adviser-sex-abuse-wants-church-offer-experience-world/

https://voat.co/v/pizzagate/3391183/20251931

Daniel, Baron Cardon de Lichtbuer -He has been the first Chairman of Child Focus (the Belgian Center for Missing and Sexually Exploited Children) and was President Founder of Missing Children Europe. Later he was named Vice President of the International Centre for Missing and Exploited Children (Washington) and is today Chairman of the board of ICMEC. In 1998 Cardon was ennobled as Baron by King Albert II. He is also Commander of the Order of the Crown (Belgium), Officer of the Order of Leopold II, Knight of the Order of Léopold, and Officer of the Italian Order of Merit.

Btw, Adam Lanza's psychiatrist worked at the Yale Child Study Center https://voat.co/v/pizzagate/3109692/17549103

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MercurysBall2 ago

A Grand Hedge Fund Conspiracy: Fletcher Asset Management and Citco – Part II

Yesterday I described the ill-fated investment made by Massachusetts Bay Transit Authority (MBTA) and three Louisiana public pension plans into hedge funds managed by Alphonse Fletcher. I also outlined the master-feeder fund structure that governed these investments.

Everything that can go wrong in an investment went wrong immediately after the pensions invested with Fletcher. First, the values of existing securities in the master fund were vastly overvalued. Second, the investments were subject to far more leverage than the investors bargained for. Some of the leverage was applied in the master fund (margin loans), some was buried in the feeder funds, and yet more leverage was contained in special purpose vehicles (SPVs).

SPVs are subsidiary legal entities set up to house specific assets and liabilities in order to protect lenders from bankruptcy. These entities afford lenders greater protection from bankruptcy than if they lent directly to a fund or corporation. They also can be used to hide liabilities. You may recall that Enron made heavy use of SPVs in the 1990s, and many Wall Street banks used these entities to house mortgage exposure before the credit crisis. Fletcher and Citgo hid a great deal from its investors using SPVs.

Finally, the proceeds from MBTA’s and Louisiana’s capital contributions almost immediately flowed out of the funds in order to enrich Citco, a senior executive at Citco, Mr. Fletcher, and several of his associates. In other words, very little of MBTA’s or Louisiana’s money went into the investment strategies marketed by Fletcher.

Citco is a well-known administrator of hedge funds. As the administrator, they were supposed to set the value of the fund after receiving reports from the manager. Investors in Fletcher’s funds thought Citco was involved in the process based on the offering memorandum. However, in its agreement with Fletcher, Citco limited its involvement to administrative matters. Fletcher valued the fund; a clear conflict of interest. Quantal, a risk management consultant, assisted Fletcher even though it had no experience in valuing the illiquid securities held in the Fletcher Funds. In addition, Quantal’s president became a director of one of Fletcher’s improperly acquired businesses, Richfield Financial (see below).

In order to get the Louisiana pensions to invest, Citco and Fletcher created an SPV called Corsair. Corsair was supposed to absorb losses if the fund didn’t earn the 12% preferred return and enjoy the gains above 18%. Most of Corsair’s assets were in the form of a loan from RBS. When the credit crisis hit, RBS called the loan, resulting in a crisis for Fletcher. Instead of notifying Louisiana as required by its legal documents, Fletcher covered up the problem, arranged to repay RBS, and created $160 million in fictitious notes.

The story gets even stranger. Mr. Fletcher acquired Citco’s hedge fund of fund business, using his investors’ capital to finance the transaction. The company, Richfield Financial, was falling apart just as it was being acquired. Again, the pension clients had no idea that their capital was going toward the acquisition of a business for Citco’s and Fletcher’s benefit. In addition, the founder of Richfield, who was also a senior manager of Citco, was allowed to make an investment in one of the Fletcher funds at a valuation that allowed him to draw millions of dollars out of the fund.

It’s bad enough that a money manager violated his fiduciary duty to his clients. Having the fund administrator in on the impropriety is even worse, especially as Citco continues to hold itself out as global leader in fund administration and valuation.[1] Moreover, the accountants and lawyers who created and blessed this byzantine structure and the banks who financed it, gladly took their fees and either participated in the deception or conveniently averted their eyes as Fletcher and Citco went about defrauding their investors.

There is much more to this story, as Fletcher and Citco created many other SPVs and made investments that were not part of Fletcher’s stated investment strategy. The dollars involved in this fraud are small in comparison to the Madoff or Stanford scandals. However, the scope is breathtaking.

MercurysBall2 ago

https://www.offshorealert.com/soundview-elite-richcourt-funds-v-citco-group-buddy-fletcher-fraud-complaint.aspx

Richcourt Funds et al v. Citco Group Ltd. et al: Complaint(1)

Complaint in Corinne Ball, as Chapter 11 Trustee of Soundview Elite Ltd., Soundview Premium, Ltd., Soundview Star Ltd., Elite Designated Premium Designated and Star Designated, and John Ayres and Matthew Wright, as Joint Liquidators of America Alternative Investments Inc., Optima Absolute Return Fund Ltd., Richcourt Allweather B Inc., Richcourt Allweather Fund Inc., Richcourt Composite Inc. and Richcourt Euro Strategies Inc. v. Citco Group Limited, Ermanno Unternaehrer, Soundview Capital Management Ltd., Richcourt Capital Management Ltd., Citco Fund Services (Cayman Islands) Limited, Citco Fund Services (Europe) B.V., Citco Global Custody (NA) N.V., Citco Banking Corporation N.V., Citco Trading Inc., Richcourt Holding Inc., CFS Company Ltd., CFS Corporation Ltd., Christopher G. Smeets, Robert A. Voges, Alphonse Fletcher, Jr., Fletcher Asset Management, Inc., Fletcher International, Inc., George Ladner, Enrico Laddaga, Gabriele Magris, Yves Bloch, Denis Kiely, Stewart Turner, Gerti Muho, and Floyd Saunders at the U. S. Bankruptcy Court for the Southern District of New York.