Detroit Strip Clubs: Chicago Equity Fund CEO Indicted in Union Pension Scam
July 31, 2009 at 8:24 pm | In Detroit strip clubs | No CommentsAt least that’s official figure for now. Back in September 2006, the SEC had filed a fraud complaint against Orecchio and his company, alleging he’d misappropriated $10.7 million from clients. But even $24 million may be on the low side. In previous court filings, Orecchio has acknowledged causing $60 million in losses. Whatever the true amount, few dispute he had ambition or a taste for the good life. According to W. Scott Porterfield, the court-appointed lawyer in the SEC case, Orecchio diverted large portions of his clients’ investments toward covering AA Capital operating losses and paying for expenses (”reimbursements”) of a Michigan horse farm and a Detroit strip club he owned. He also racked up millions of dollars in travel and entertainment expenses – $4.3 million in 2006 alone – whose tab included $78,795 for a trip to South Africa, $80,468 for a trip to Antigua, and $1 million in donations to a variety of organizations including Michigan Democrats and Citizens for Greater Detroit. In his biggest boondoggle, Orecchio pumped $32 …
See the full article from “National Legal and Policy Center”
Detroit Escorts: Council Candidates Respond
July 31, 2009 at 5:37 pm | In Detroit escorts | No CommentsWhile much is made of the Cobo Hall issue and tunnel ownership, there has been no mention made by any candidate for office, (including the newly elected Mayor) of the enormous pain and suffering thousands of displaced Detroiters are experiencing as a result of the current housing and financial crisis, Bomani said.
General Motors retiree and UAW member Chris Beatty, not to be confused with Christine Beatty, former Chief of Staff under Mayor Kwame Kilpatrick, wrote that privatization of city services should be a last resort. He sees the demolition of vacant buildings in Detroit as an opportunity for job creation.
Beatty disagrees with any community control of local police but favors a community response team to deal with local police issues.
On the issue of crime, Beatty says, I would work on an ordinance to demand surveillance and intervention of suspected drug, prostitution and after-hour locations within 72 hours.
Detroit Adult Entertainment: Local Teen Missing for Nearly 2 Weeks
July 31, 2009 at 11:13 am | In Detroit adult entertainment | No Comments… I feel heart broken about it because he took off. We opened our doors, let him come move in with us and wanted to help him out,” Franks said.
At first, police and his family suspected Sturgill ran away, but found it odd he left all of his belongings, drawings and heart medication behind. In fact, he recently told his father he would never become a runaway.
“I asked him if he would do that and he said, ‘No,’” said father Nathan Franks. “He said he knows that would cause him more trouble.”
Sturgill hasn’t had it easy. In 2006, his story made headlines. His mother abandoned him for a life of prostitution and drugs. When the 12-year-old moved in with his grandmother, it didn’t get any better. His grandmother and aunt were prosecuted after his aunt, Jacqueline Vuich, injected heroin into Sturgill’s arm, forcing him to overdose.
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