Detroit Strip Clubs: SEC: PE Manager Helped Partner Loot Firm Coffers

July 28, 2009 at 5:00 pm | In Detroit strip clubs | No Comments

While building up AA Capital’s advisory business, Orecchio allegedly spent lavishly on travel and entertainment, regularly entertaining clients in Detroit and Las Vegas. In August 2003, the SEC says Orecchio began a relationship with a striper who performed at a Detroit strip club, spending extravagant amounts of money on his mistress and her family.

Orecchio also allegedly looted investor money in other ways. Between August 2005 and July 2006, Orecchio lied to his partner about the amount of money required for one of AA Capital’s affiliated p.e. funds’ investments in a real estate development, the SEC says. Orecchio made off with $8.7 million for this investment, but invested only $1.3 million in the real estate development. He actually spent $6.9 million on contractors renovating his horse farm and the Detroit strip club and $500,000 for a down payment on a Las Vegas condominium.
Between 2004 and 2006, Orecchio also allegedly requested and received reimbursement for numerous expenses that AA Capital was not entitled to charge back to its client …

See the full article from “FINalternatives”

Detroit Strip Clubs: Rental Car Rally Revs Up Once Again

July 28, 2009 at 5:25 am | In Detroit strip clubs | No Comments

There is no set route, but each team must hit pre-defined checkpoints, the locations of which will be provided in the rally booklet given to each team at the starting line. Each team must provide photographic evidence of each checkpoint. No photos = disqualification. Each team is scored by a combination of odometer reading, team style, and hi-jinks (details below).
This time around they’ll be hitting some crazy checkpoints including an abandoned ghost town in Pennsylvania with a mine fire burning beneath the streets and a drive thru strip club. The motley crew will then spend the night partying in a downtown Detroit hotel casino before setting back the following day.
According to Bryant, there are three types of tickets for the event:
Basic (entry plus briefcase full of fireworks, smoke bombs, condoms, chaw.)
The Captain Chaos (the above plus exec hotel suite, steak dinner, stripper in your suite.)

See the full article from “PSFK”

Detroit Strip Clubs: Thoughts From the Interface of Science, Religion, Law and Culture

July 28, 2009 at 5:25 am | In Detroit strip clubs | No Comments

A local fundamentalist group has decided to wage war on church-state separation by posting ten billboard advertisements that send the message that “America’s government was made only for people who are moral and religious.” The billboards highlight quotes from our Founding Fathers that are misleading, false or taken out of context. For example, one of the messages attributes this quote to George Washington: “It is impossible to rightly govern the world without God and the Bible.”
Worse yet, the guy who is putting up the billboards knows this is a fake quote. And he doesn’t care.
It’s clear the truth seems to be lost on Community Issues Council (CIC), the group behind these billboards. CIC seeks to “promote and protect Judeo-Christian values” and first came onto the scene in 2005 when its members worked to shut down a strip club in Valrico, Fla.

See the full article from “ScienceBlogs”

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