Archive for June, 2011

Up Market Houses Available on the Net These Days

Article: Up Market Houses Available on the Net These Days

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A Ponzi Scheme Targeting Hollywood’s Elite

Investigators are only now beginning to piece together the complex investment and fraud network of Kenneth I. Starr, a former bookkeeper and administrative assistant to various celebrities who eventually transformed himself into a high stakes con artist to the stars. The aptly-named Mr. Starr did in fact have contacts in the celebrity world as well as some acquaintances in top Wall Street circles. His strategy, it seems, was to play the two groups off of one another in selling his schemes.

As an expert name dropper, Starr would let his Wall Street friends know that he was in close contact with certain high-profile celebrities and Hollywood players. That would always pique their interest and draw them into investment opportunities for upcoming film projects and other deals that people outside of the entertainment industry would not be able to access. On the other side of the coin, Starr would speak to celebrities in great detail about his close relationships with top executives on Wall Street and explain to them how he could help get them into great financial investment vehicles for their growing bank accounts.

So far, authorities can only account for about $30 million that Starr stole from his array of A list clients. But as the investigation continues, it’s expected that the number of victims and the depth of the fraud will likely increase significantly. Among some of Starr’s more notable clients over the years were the likes of Al Pacino, Ron Howard, Martin Scorsese and Uma Thurman. And they are just the names that jump off the list to a casual fan of Hollywood.

There are so many others on the list, from heiresses to film moguls and others who saw Starr as a smooth-talking and confidence-inspiring investor who was going to protect their assets while gaining access to high-end investment vehicles for his clients. Starr also held friends within the high-powered financial circles of Wall Street.

He was known to lunch with Pete Peterson, a founder of the Blackstone Group investment firm and a well-known philanthropist. It is believed that he used his celebrity relationships as chips to build credibility among the financiers whose investment skills Starr portrayed himself as sharing. By all accounts, it appears that Starr was an incredibly smooth operator when working his deals and creating the façade of himself as a man with all the connections and all the answers.

Although Starr was only arrested in Manhattan on May 27, court records reveal that his schemes began to fall apart as early as 2002. It was at that time that he was sued by Sylvester Stallone for failed investments relating to Planet Hollywood. In 2007, he left his third wife and began a relationship with a stripper, all while continuing to court and land high-profile clients and convince them to invest millions with him.

Starr created and maintained a lavish lifestyle throughout his fraudulent run, even purchasing a $7.5 million Manhattan apartment in recent months using investment monies he’d received from the likes of Uma Thurman. When Thurman requested to retrieve $1 million from her initial investment, Starr diverted the funds from the account of another investor to cover the request.

At this point, Mr. Starr remains incarcerated as the investigation into his dealings and his client list continues. He has been denied bail as a potential flight risk and it is likely that investigators are only scratching the surface of his A-list Ponzi scheme.

Best Time To Buy A Car

Best Time To Buy A Car

You are not the first person to wrestle with the question, “What is the best time to buy a car?”, even if you are buying a car for the first time. The answer to this question is tricky and depends on a lot of factors that are driving the car prices in the market up and down. The law of the demand and supply says that, when there is more demand for a particular product than its available units in the market, then the customers have to pay through nose to buy it. On the contrary, when the demand is less than the supply of a particular product, which is very much applicable to the present situation, then the customer is treated like a king. He can buy what he wants and that too, at an affordable price. Can this ideal theory be applied to while deciding the best time to buy a car?

Best Time to Buy a Car from a Dealer

“Haven’t the car dealers managed to avoid the overstocking or have they plunged right in its trap?”, is a million dollar question, when you are brain-storming to decide, the best time to buy a car. You can only find about the situation, if and only if you visit a car dealer. “Do you want to buy a new car or a used one?”, is a question you must find an answer to, before visiting a car dealer in search of your dream car. You must also be equipped with necessary information, related to the car you have zeroed on and some useful and pointed questions to ask a car dealer about the car insurance and car loans.

On the top of this, you must be flexible enough to reconsider your options, if a best buy comes looking for you. This means, you must be aware of the car market situation, to make the spot on decision and to capitalize your gains. I have no doubt that this is a tall order to fulfill, before you go on for car shopping.

Best Time to Buy a Car – Old model

It is said that, the month of December is the best time to buy a car. It is a time, when the new car models, launched in the month of September, sporting latest designs and gizmos have made their impression on the market and have poached on the sale of the old models. If you are looking for the best buy, you should consider taking a careful look at a brand new old model car having almost latest car safety features. If the new model of the car is beating its old model sales-wise, then the car manufacturer tends to offer incentive, factory rebate or special financing to push old model’s sale.

Best Time to Buy a Car – Used Car

If a brand new old model car that had once been a successful car for the manufacturer and the hot sale for the car dealer, fares in this fashion, what would be the position of the used cars in the market. Simple, their prices go down and used car buying becomes more affordable than in the month of August. If you are looking for a used car and are tempted by a good one, would this be a better rather than best time to buy a car. Before doing so sharpen you negotiation skills. Read more on negotiating tips for used car buying.

Likewise, the car dealers rather than carrying over the inventory to the next year and pay taxes on it, offer to knock down the sticker price or offer you fuel coupons to which you can benefit from. So the question boils down to, “What is the best time to buy a car in the month of December?” Do you know, the car salesmen refer to the beginning of the week as a fishing time. I mean no offense to you, but when you open your mouth to inquire about the car prices and models etc. and before you finish saying “CAR” you are grabbed like a fish.

Because, your presence in the sales room of a car dealer, on the first day of the week, when every one else is busy, doing important work, means that buying a car is important for you. In short, for them you are a ready customer, a tuna on the run, willing to shell out money. Why not choose the middle of the week as the best time to buy a car and before doing so, let the salesperson have the honor of devoting his full attention to your needs and requirements about the car, that you may consider buying from him.

When a car dealer approaches the end of the month, the thought of whether this months targets can be achieved yet or not, haunts him. Why not consider the middle of the week at the dog leg of the month of December, as the best time to buy a car? Will your car dealer give you a fair deal that is topped up with the goodies rather than carry a car to the next year and lose target achievement bonus.

Well, the month of December is not the only best time to buy a car. In the northern states, the sale of convertible is seasonal. When the price of the gas goes up, it hits the sales of the full-sized trucks or large SUV models harder than the sale of the smaller car’s. If you want to capitalize on the goodies that are offered to push the sales of these hard hit cars, then buy one of them. The present economic situation has affected both, the car industry and the car sales. From a customers point of view, this the best time to buy a car. It is so good that you can buy a latest model stuffed with electronic gadgets, at the terms that are affordable to you. You can also read on new car buying tips. As the saying goes, a dollar saved is a dollar gained. All the best and drive safe!!!