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June 11, 2010: Vol. 2, No. 20
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Milano lobs attack at Gary Ackerman

TimesLedger Newspapers

A Roslyn, L.I., doctor seeking to oust U.S. Rep. Gary Ackerman (D-Bayside) in November called the congressman an out-of-touch elitist during a meeting of the Queens Village Republican Club last week in Bellerose.

Dr. James Milano, 42, said Ackerman “has drifted so far along with the riptide that he is now at the point where he is an elitist.”

Milano, an ER doctor at St. Francis Hospital who is making his first run for elective office, said he supports changing the country’s tax structure, saying it allows the wealthy to become wealthier and encourages high earners to seek alternative means to shelter their money. He said the tax structure is “destroying our manufacturing base.”

On immigration, Milano said he supports building a fence along the U.S.-Mexican border. He said illegal immigration “goes against the thread of what Americans stand for.”

Milano said he also would like to see term limits for elected officials in Congress, calling politicians “the most powerful executives in our country.”

“People need to understand that there is a sense of urgency for change in this country,” he told the crowd at Trattoria Lucia on Union Turnpike in Bellerose last Thursday.

Milano said the nation’s ballooning debt is a serious problem and suggested a percentage of elected officials’ salaries be put in escrow which they would get back if they balanced the budget. If not, Milano said the money should go to the taxpayers.

He also criticized some foreign aid approved by Congress, including $10 million to Lebanon and $300 million to Pakistan.

“What happens with this money? It comes back as bombs against us.”

Milano is being supported by the Queens Republican Party, but the Nassau GOP is backing Great Neck attorney, L.I., Liz Berney, who Ackerman defeated handily in 2008.

About 70 percent of the district is located in Queens and the other 30 percent in Nassau County.

Queens Village Republican Club member Phil Orenstein accused Nassau County Republican Party Chairman Joseph Mondello with picking Berney to spoil the campaign, saying he “has a habit of picking subpar candidates in order to lose the races.”

“It’s a corrupt machine,” Orenstein said of the Nassau GOP.

The club also heard from Sam Benoit, a member of the Republican club who is challenging state Senate President Malcolm Smith (D-St. Albans).

Benoit called Smith “a disgrace for our district” but did not explain why.

The club said Benoit is the first Haitian American to run for the state Senate.

Benoit noted the race would be his first run for office, which he said he did not think would hurt him against a political veteran like Smith.

“I’m the outsider,” he said.

Reach reporter Howard Koplowitz by e-mail at hkoplowitz@cnglocal.com or by phone at 718-260-4573.

Reader Feedback

joey from Bayside says:
I hope people rally around Dr. Milano and get rid of Mr. Ackerman. Unlike the founding fathers, who envisioned intelligent citizens would come to washington for a few years and do their part to keep our democracy strong, Ackerman thinks he's our ruler for life, and that his personal interests are more important than ours.

Gary, you are supposed to represent your constituents. Instead, you support tax and tax and tax to advance a liberal agenda that will bankrupt our children, push more jobs overseas and raise the cost of energy and healthcare. It's time you went home and the overtaxed, underserved citizens of this district will help you by voting for Dr. Milano.
June 13, 2010, 12:08 am
Linda from Flushing says:
Flunked out Ornerstein is just not used to a woman so demanding all her kids are Harvard valedictorians. Vin is upset Liz was seen talking to Myrtlewarp.
June 21, 2010, 10:32 am
Michael Zino from Manhasset says:
Ackerman and Obama are alike. They do not trust the citizens of this country. They think they know better than we do and that is way they forced a socialist health care bill down our throats. They are wrecking the country with large deficits and the unemployment rate is unacceptablely high. It is time to vote people who advocate socialist / marxist policies out of office before they take away our freedom.
July 1, 2010, 1:14 am
rgdgh from gar says:
Congressman Gary Ackerman's good friends, the Zises Brothers, will sue near 200,000 Americans this year for credit card default using the trade name "Unifund" registered with the Ohio Secretary of State (The trademark documents are available on-line and free.) Since the trademark "Unifund" is owned by a partnership, Credit Card Receivables Fund and ZB Limited Partnership, proceed checks to "Unifund" can be deposited in an account at the Israeli Discount Bank (IDB) for ZB Limited Partnership and or Credit Card Receivables Fund without being declared as income for Unifund CCR Partners (...hey State of Ohio, I think you will want your cut). My guess is that it is about a 90% skim.
The Zises Brothers doing this skim are the same Zises Brothers of Integrated Resources; a tax shelter scam that went bust some time ago. They are experts is avoiding income tax. And this scam is no different. In most states, Unifund is not registered with the Secretary of State as a tax paying business enterprise. That is because State code specifically excludes the filing of a collection lawsuit from the definition of “doing business". The legal theory goes along the lines that collection lawsuits are "loss mitigation" and not an inherently a profit making enterprise. The IRS has similar rules that the Zises Brothers entities abuse to avoid declaring income.
The Zises Brothers have applied this tax avoiding principle to a business they have where principle activity is to sue for profit...HUGE profits. Unifund has a contract with Asta Funding dba Palisades Collections to sue people on behalf of Asta Funding for a percentage of the judgment. This contract is for the purchase of bad credit card debit from Citibank and is funded, in part, by the Israeli Discount Bank for nearly $900M. Copies of publicly traded Asta Funding contracts can be purchased on-line. Much of it is available in quarterly statements. One of them specifically rewards Unifund with a 50% premium for collecting "outside the Statute of Limitations". Hey FBI, sounds like a violation of the RICO Act to me.
Now, where does the money go after it gets to ZB Limited Partnership. Well, ZB Limited Partnership at 767 3rd ave NY, NY is registered with the Ohio Secretary of State as a Foreign Corporation (doc available on-line and free) out of Delaware. You can search the Delaware Secretary of State database for legal entities, and you will find scores of filings by the Zises Brothers, including ZB Limited Partnership and Credit Card Receivables Fund, Inc. You will have to pay a fee for a copy of the document. Anyway, ZB Limited Partnership is owned by ZB/CCR Corp. (another account at the IDB). By the way, 31% of the Israeli Discount Bank is owned by the Israeli Government, and has been fined $12M for failing to implement anti-money laundering regulations.
The ZB/CCR Corp filing with the Delaware secretary of State has an interesting mailing address "C/O Forest Hill Capital, 800 Second Ave., New York, NY 10017". Forest Hill Capital is the old name for Family Management Corp (FMC), another IDB account; the same Zises Brothers company that manages the Congressman's money. So, now we know where the Unifund skim goes. But, this is where the trail gets very interesting.
Numerous business databases, including Manta, have a company known as Associated Capital, L.P. or A Capital or ACAP at 767 3rd Avenue 16th Floor, NY, NY. That is the same address as ZB Limited Partnership in the Ohio trademark filing (first one). Associated Capital was the single biggest contributor to funds supporting activity against the recently enacted finical and banking reforms. Gary, what sweetheart amendments did you get st save Associated Capital for the Zises Brothers?
It is a sure bet that the single biggest FMC investment is with Associated Capital. Does Associated Capital actually make any money? Or is it principal function to loose money, lots of money, for its clients (such as ZB/CCR Corp.)? If they loose so much, where does it all go? Let me shed a little light on the answer to this question:
"This Schedule 13G is being filed jointly by Associated Capital, L.P., a Delaware limited
partnership (”Associated”), its general partner, A Cap, Inc., a New York Corporation (”A Cap”), Jay H. Zises, the President and a director of A Cap, Selig A. Zises, Vice President, Treasurer and a director of A Cap, Nancy J. Frankel-Zises, a director, Vice President and Secretary and the sole stockholder of A Cap, and Associated Capital Offshore, L.P., a Cayman Islands limited partnership (”Associated Offshore”). Associated, A Cap, Jay H. Zises, Selig A. Zises, Nancy J. Frankel-Zises and Associated Offshore are hereinafter sometime referred to collectively as the
“Reporting Persons”. The business address of Associated Offshore is c/o Goldman Sachs(Cayman) Trust, Limited, P.O. Box 896, George Town, Grand Cayman, Cayman Islands, British West Indies. The business address of each other Reporting Person is 477 Madison Avenue, 14th Floor, New York, New York, 10022. Jay H. Zises, Selig A. Zises and Nancy J. Frankel-Zises are each United States citizens."
I find it very interesting that the Israeli Discount Bank on 5th avenue in New Youk has semi-autonomous branches in Zurich Switzerland, Uruguay, Brazil, Chile and the Cayman Islands. Congressman Gary Ackerman, did you "loose" any money with FMC?
July 25, 2010, 3:26 pm

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