![]() So, why do I say I agree with Martin that this line of attack on Malek is a "distraction?" Because, very simply, there's a lot stronger line of attack on Malek, and one that is directly relevant to him heading a "Government Reform Commission." Namely, as Sen. Donald McEachin recently explained, "Just a few short years ago, Mr. Malek was forced to pay a personal fine of $100,000 for violations of the Securities and Exchange Act while his company paid an additional $150,000." What were those violations? Get a load of this. On August 12, 2003, the SEC filed a civil fraud lawsuit[18] against former Connecticut state Senate Majority Leader William DiBella for participating in a fraudulent scheme to invest $75 million of the state pension funds with Malek's firm, Thayer Capital Partners.[18] [19] On May 18, 2007, DiBella and North Cove were found liable for aiding and abetting Silvester's intentional violations of the Securities Exchange Act of 1934, and Thayer was found in negligence of Investment Advisers Act of 1940. Thayer paid a civil penalty of $150,000, and Malek personally paid a fine of $100,000.[20]As Donald McEachin says, "I am more dismayed and disturbed by Mr. Malek's recent illegal behavior" than about his "Jew counting" in the Nixon White House 40 years ago. I strongly urge Delegates Surovell and Englin to talk about this issue, which is directly relevant to Malek heading up a "government reform" commission here in Virginia, when they appear on Mark Plotkin's show this morning. Now that is a "substantive issue!" |