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NOTE: Being somewhat notorious for my late night ruminations, often in the form of letters to Illuzzi, whose has become "GET AWAY Writer" for Buffalo Organized (political) Crime, I've decided to do a new Buffalo-by-bike installment.
Here tis . . . Dr. Niman (who writes on Media follies), ALT Press, Blue Dog Press I need your responses to an endless supply of 'media follies' I again went looking for Farina at his new address Sunday, where he moved in less than 24 hr. after I asked (Nov 14 AT 2:30 PM) that the BD of Elections sanction him for voting from a free room, non-address at 521 Lafayette. Being fast, 22 hr. later (12:30PM Nov 15) Farina had moved in with Gary Parenti, Sheldon Silver's WNY rep (speaking of too much govt.?) who also moves a lot. He has been Pigeon's roommate in Nanula's old waterfront condo, but is registered to vote at Marine Dr. Apts. Now he and Farina share 849 Delaware, Apt 401. But Farina is hard to find. Saturday at 4PM Farina was "out" . . Sunday at 9AM Farina was "at SPOT Coffee" Parenti told me . . but I couldn't find him at either SPOT . . Is it true Farina has split with his wife of many decades? Is it because she disapproves of voting fraud? So many questions. I picked up new ALT at SPOT & read with interest the unsigned Pitts feature. And another full page ad for charlatan-judge Bayger's sue-National-Fuel-Gas initiative, which now has billboards all over. ALT's not yet year-long "business manager" Paul Fallon, Esq., has moved from Statler #1645, to 100 So Elmwood, altho still listed at 120 Delaware . . like Farina, he's a fast mover too! Not long ago he lost his shirt doing capitalism in Russia, with a list of bad debts field with the County Clerk, as he now apparently funds Indymedia, altho nobody will say so. Indymedia has apparently split from ALT Press & is now opposite Fallon's s old #1645 Statler office, which was also ALT's old office (& is still NYCLU office, with a paper note that Fallon may be there, but he is not listed in the lobby) where Fallon is/was also Green Party chair. I know its confusing! But this is all secret stuff I should not be telling you! INCIDENTALLY, Alt Press is apparently in hiding on the huge, spooky 2nd fl. of the Statler, where decades ago the help (& small social agencies) used to live, but where now most of the elevators don't stop. There are a dozen beer bottles outside #208 where ALT used to be, but the UNITED-WE-STAND sticker seems un-ALT. Further into the dusty, deserted labyrinth, there is a graffiti wall (with some [un]love notes to me) & an obliterated INDYMEDIA sign. Room 210, former hdqtrs of Officer Logal, whose alter-ego-in-skirt, Flora Nerk who lusted after Barbra Kavanaugh, was last seen in the Niagara River Rapids when he sued Schmidbauer for $2500, is where ALT may now be. The promised "Mega-cash, Major Perks" promised to new ALT staff are hard to see . .but truth in (small) media is elusive in Buffalo! ALT also boasts "daily updates from around the world" on www.altpressonline.com. The last update was at 1AM, Nov 7 . . . but who's watching? Besides Mr. Pitts, that is. Is Buffalo's alternative the status quo?! Pitts would say so. Alt's new issue again focuses integrity issues of struggling "alternative" papers praising, or utterly silent about, their political benefactors. (ALT now has Broadway Market ads, after supporting Market BD Pres. now Erie Co. legislator David Dale, who paid ALT $350 for ads). Pitts is paid $83,000 plus a car, and an ever growing office budget now over $1/3 million / yr. While Rochester Council Pres gets $37,000 plus a car. We have 12 councilpersons at $52,000 each, Rochester has 9 at $27000 each. They have about 9 council staff, we have 39(?) They have no paid interns. We have had $1/2 mil annually, monitored only by the councilperson him/herself, including Pitts-hired Schmidbauer kids . . . (Quintana's son was a 3 year no-show intern, as Pitts winked, now a 21 year-old deadbeat dad, as Pitts' oldest son also has been a longtime intern) Until Sept 11 ended Buffalo's own special version of taxpayer-funded "corrupting the morals of minors"teaching bad government to a new generation of friends & relatives of the governing class. . . As Parlato last week sought opinions for Illuzziletter on tithing in city hall!!?? & DOCTOR Niman publishes his ARTVOICE articles on Illuzziletter. where Illuzzi sells ads for $1,000 a month, (Is Scripture extra?) A vocal critic of Realamherst.com, Illuzzi now has a similar message board . . where, interestingly, he is the major 'poster' . . as other messages disappear! As a lifelong scammer, currently on $25,000 bail, he certainly has many friends in high places . . . see . . . I read Illuzzi every day and I find it to be very interesting and helpful, says Buffalo Mayor Anthony Masiello. The Illuzzi Letter will very often scoop the more traditional media on particular stories. But, even when it doesnt, I enjoy the topical interviews with local political leaders and longer studies of important local issues such as education and health care that I see every day at www.illuzziletter.com. Scarey, since Illuzzi has formed a virtual "political crime-syndicate news" with Parlato-Farina-Flynn-Nanula-Pigeon. . . & mediafollies-watcher DOCTOR Niman. Illuzzi broke Flynn's expose of my child molesting history, but never announced the photos Flynn has of me, my 64 yr.old social worker friend & GM of 4, having sex with 3 black gay boys, which Flynn announced 3 days after Judge Murphy dismissed DA Clark's prosecution #11 of me on Flynn's 9 pages of perjured charges. After somebody robs a bank, telling the manager his family is being held hostage in Lackawanna & a gun is trained at his head from across the street . . & and more recently scams Bon Ton Stores, and does fiscal analysis while having $100,000 of bad debt (& a bankruptcy for $210,000 a dozen yrs ago) now, having no assets, his bail is posted by relatives for lifelong child nonsupport of his 7 year-old half-orphaned daughter . . . truth, integrity & character, become random occurrences. Meanwhile, Mr. Pits reads ( & funds?) ALT Press & Mr. Masiello reads (& funds?) Illuzziletter . . . every day! GOLLY! City Hall WatchNov27 Parlato "Satisfied Buyers" with Countrywide Loans. . . 4 Years Later, 54% are losing their homes In early 1998 Frank Parlato Jr. prepared two books of 'proof' that his HUD-FHA insured homebuyers were happy & successful. It was his response to a scathing expose by then-City Councilman David Franczyk & County legislator Greg Olma, whose staff (now-atty Mike Kuzma & Andrew Rusiniak) extensively documented Parlato's highly questionable real estate investment practices. His profits exceeded $10,000 per house, totaling $10 million, in about 1000 sales over a dozen years from mid1980's to late-1990's. Soon after, a national HUD-FHA scandal was publicized, which was having devastating impact on poor neighborhoods in cities nationwide, as unscrupled realtors, as well as appraisers, lawyers & banks profited handsomely. The sales were all insured by HUD's FHA program, which backed up failed mortgages, as well as generous related costs. Coupled with lax HUD supervision, FHA sales evolved into a bonanza for some . .. & a disaster for the poor buyers, their neighbors & taxpayers. When exposed, HUD put more effort into covering-up the problem than into reforming a well-intentioned program run amuck. Local HUD officials gave little or no help in correcting obvious misconduct by front-man Frank Parlato Jr., & his real estate family, headed by his minimally visible lawyer-father, Frank Parlato, Sr. Indeed, as he was exposed nationally by grassroots activists of Chicago-based NPA (National Peoples Action), Frank Jr. dedicated his efforts locally to punishing Olma & Franczyk for exposing him. Having both independence & impressive resources created by his ill-gotten millions, he has been a formidable player in several local arenas, religion, print & internet media, "progressive" activism, and most recently, third party politics. He has become a key advisor to Olma's victorious opponent David Dale in a hard-fought (& dirty) race in a devastated East Side Legislative District . . no matter that Parlato lives in a northern suburb. Ticking Time Bomb . . . The silver lining of a cloud that Parlato (& his many "followers") cast over Buffalo's poor, predominantly minority neighborhoods, is growing proof over time of his destructiveness. A month ago Buffalo News published a settlement by PNC Mortgage Corp with HUD involving Parlato loans: a one-time $1.47 cash payment & indemnification (guarantee) of another million of Parlato mortgages not being foreclosed to HUD. Parlato was not charged with wrongdoing in the PNC settlement. YET! Parlato has repeatedly beaten back charges of misconduct, by changing his business name . . 10 TIMES. By hiring skilled attorneys . .by using his political connections . . and by BUYING a HUD worker (Jerry Wilke). Incredibly, US Attorney Denise ODonnell did not prosecute him, despite evidence that Parlato intended to defraud HUD & buyers, because it was allegedly not illegal to buy advice from a HUD worker about how to skirt HUD rules. PNC is not the biggest lender in Parlato's scam. More significant is Countrywide Loans, where there has been a powerful appearance of a dirty connection to the local Sheridan office manager. Now the evidence is building. Of 26 Parlato "satisfied" buyers in Buffalo who had Countrywide loans, 14 (54%) have gone into foreclosure four years later. More are bound to follow (most recent foreclosure began 10/10/01), as buyers struggle to maintain too-often unaffordable payments based on their incomes . . in neighborhoods where property values are plummeting much faster than buyers are building equity. Often their neighbors simply abandon their homes, which often do not sell at any price. Parlato buyers that already lost, or are losing, homes are just the tip of the iceberg. Those 46% who are 'successful' & still in homes often lose even more. After paying on a 30-year mortgage for a lifetime, they will have virtually no equity in their over-priced homes. As shown in the chart, houses usually resell for far less than Parlato paid, as he sold them marked up 180% to 590%. With mortgages averaging $35,000 to $40,000, most Parlato buyers would be lucky to get $5,000 for their homes. There is obviously a serious problem. The scam was, and is, funded by HUD. But when we asked one of 13 "Community Builders" in Buffalo's HUD office (created by past-HUD Secretary Cuomo, paid $50,000 to $100,000 each, to make HUD . .& him. . look good,) for help in listing Parlato mortgages with Countrywide, we got no response. After several efforts, & getting past the new armed guard in Cuomo's $1/4 million storefront at 465 Main, we tracked Page 2; CONT. Parlato "Satisfied Buyers" . . . 4 Years Later City Hall WatchNov26 down the 'community builder'. He assured us there was no access to the information, but we could submit a "FOIA request" (bureaucratic lingo: "Freedom of Information Act"). What all those "Community Builders" do, we have't a clue. But apparently several years of 'building' necessitated an armed guard . . . in a city now verging on bankruptcy. As senior-Community Builder (paid $100,000?), former-Masiello-aide Steve Banko is utterly silent . . & rarely seen. Ironically, HUD stands for "Housing & Urban Development". How much HUD money pours into virtually bankrupt-Buffalo annually is also not 'accessible'. Nor how much of it is stolen by the likes of Frank Parlato Jr. The table below updates the 26 "satisfied" Parlato customers with Countrywide loans. Parlato averaged profits of $15,000 to $20,000 per house. The average buyer's mortgage is $37,750, as average sale price today is estimated to be $5,000. Parlato profited about $17,500 per house as his average buyer lost (or will lose) $32,500 per house. AND THESE ARE PARLATO'S "SATISFIED BUYERS"! Parlato, Countrywide loans . . . & "the American Dream"? Address Parlato cost, date Sale Pr. Date Buyer Foreclosure, HUD resale (Notes) |
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