Sorry!! The article you are trying to read is not available now.
Politics And Regulation
Trading And Investing
How To Trade
How To Invest
Wall Of Worry
Hoofy & Boo
From The Buzz & Banter
MV Education center
t3 live subscriptions
Wall Street Banker Pretends to Give to Charity
January 30, 2012 02:26 PM
I'LL GET BACK TO YOU ON THAT
In spite of the recession, 2011 was actually a
pretty good year for charitable giving
. A number of non-profits, including St. Jude and Save the Children, had a strong end to year, and some even broke holiday records.
The bump came for a number of reasons, including a mild winter. However, corporate campaigns, run by the likes of
Bank of America
), seem to have had a major impact.
Whatever goodwill Americans were feeling this holiday most likely didn’t extend to Wall Street. Even if it did, the actions of a self-proclaimed financier (and convicted felon) should go a long way towards keeping the anti-Wall Street status quo.
According to the New York Times
, after the brutal killing of Deloris Gillespie, Wall Street banker Darren Weingrow stepped in and offered her family $10,000 for funeral expenses. The trouble: It’s been six weeks and the money hasn’t come.
When asked, Weingrow has insisted, quite angrily, that he’s the victim of a number of reasonable mix-ups.
The problems began as soon as relatives arrived in New York. Gillespie’s daughter found herself at La Guardia, waiting for a car service Weingrow had promised would take her to her hotel. There was no hotel, or car service, but Weingrow did the right thing and invited the baffled woman to stay with him. She said no.
Things continued pretty much in this vein, with Weingrow insisting that he sent the money and the Gillespie family somehow never receiving it. Eventually, a few good Samaritans covered the majority of the costs.
Weingrow cuts something of a mysterious figure. He claims to work for a firm called BullBear Capital but no one there could be reached. He has also claimed to run a pretty much non-functional website called
. Basically the only concrete fact available about Mr. Weingrow -- other than that he has given no one $10,000 -- is that he was arrested in 2009 as part of a drug distribution ring.
The Gillespies believe that Weingrow’s offer was part of a publicity stunt but it is unclear what, exactly, he was trying to publicize. Maybe he thought he had the money, maybe he’s just crazy.
This not the best time for “bankers” and “financiers” to go looking for new ways to pull the rug out from under normal, hardworking people. Then again, maybe that was Weingrow’s point: to make Wall Street look a little more evil.
Meanwhile, Americans looking to give to charity -- and lower their taxes -- would probably be better off
following Mitt Romney’s lead.
No positions in stocks mentioned.
MITT ROMNEY BET
SAVE THE CHILDREN
New York Times
See All Tickers »
More From Minyanville
Trading and Investing
MV Education Center
Buzz & Banter
Cooper's Market Report
The Options Strategist
Directory of Terms
T3 Live Subscriptions
Buzz and Banter.com
Ruby Peck Foundation
Terms and Conditions
Follow Minyanville on Facebook
Follow minyanville on Twitter
Follow Minyanville on Linkedin
Subscribe to Our RSS Feed
©2017 Minyanville Media, Inc. All Rights Reserved