Dakota Co-op Board Is Accused of Bias
Started by rvargas
almost 15 years ago
Posts: 152
Member since: Nov 2005
Discussion about The Dakota at 1 West 72nd Street in Upper West Side
The Dakota, the legendary New York apartment building, has long been famous for its celebrity residents, including Leonard Bernstein, Lauren Bacall and John Lennon. A suit by Alphonse Fletcher Jr., a Wall Street investor, accuses the Dakota and several of its board members of racial discrimination and defamation. But it is also well known for having among the most restrictive co-op boards in... [more]
The Dakota, the legendary New York apartment building, has long been famous for its celebrity residents, including Leonard Bernstein, Lauren Bacall and John Lennon. A suit by Alphonse Fletcher Jr., a Wall Street investor, accuses the Dakota and several of its board members of racial discrimination and defamation. But it is also well known for having among the most restrictive co-op boards in Manhattan, having turned down would-be buyers including Billy Joel, Cher and the acting couple Melanie Griffith and Antonio Banderas. Now a lawsuit by a former board president is offering an inside look at how its enigmatic decisions are made, and to hear him tell it, the process is not at all in keeping with the Dakota’s rarefied reputation. The former board president, Alphonse Fletcher Jr., a prominent black Wall Street investor, has sued the Dakota, accusing the building and several of its board members of racial discrimination and defamation. Mr. Fletcher, 45, who has lived in the Dakota since 1992, filed the lawsuit after the board denied his application to buy an adjacent unit to accommodate his family. The lawsuit’s explosive allegations include claims that board members made ethnic slurs against prospective residents, including describing one couple as part of the “Jewish mafia” and suggesting that a Hispanic applicant was interested in a first-floor apartment so that he could more easily buy drugs on the street. The applicant, who was rejected, was married to a “prominent financially well-qualified white woman,” according to the suit, and though neither is named, the timing and circumstances suggest that it was Mr. Banderas. ... http://www.nytimes.com/2011/02/02/nyregion/02dakota.html [less]
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My niece brought home a guinea pig she loves, but then it had babies. Hope that doesn't happen to you
Your niece shouldn't have romantic assignations with a guinea pig. I just knew this sort of thing would be the inevitable result of the legalization of Gay "marriage".
Hell in a hand basket, I tell you.
Personal info? Like wedding plans?
Fairway, I doubt he'll wind up pregnant, but I'll be vigilant. We already had the guinea pig experience. Bought a female at Petco, woke up one morning and discovered two babies in the cage. But I digress with the personal info again. When I really should be acknpwledging how dumb I was to wait for info before judging someone.
aboutready, nobody brought up wedding plans, and for good reason: a marriage between a niece and a guinea pig is an abomination.
Ok, I will add something on-topic. According to the American lawyer website Fletcher has filed for bankruptcy.
It's basically what ar does a lot: posts personal (not related to the thread) stuff as a lady bountiful, lady of the manor, while coating it in her preferred pseudo super-conscious social liberal guise.
Oh, and the post also lets everyone know, just in case they didn't already, that she FINALLY got out of PCV, and got at least one extra bedroom (assuming that her daughter and the kid won't be sharing a bedroom). Though she did have to leave the island to get it.
And one other thing. Arrests for "minor" crimes were one of the ways that "major" crime came down under Bill Bratton.
Hi westelle!
This thread is rapidly going down the toilet.
Only if the Dakota's board approves it. Is the toilet owned by a black resident, or a regular one?
when was the toilet seat last replaced, and by whom?
From the WSJ article:
"Steven Stockstill, executive director of the state Firefighters' fund, ... also pointed to the sterling record of one of the Fletcher firm's funds, which at the time had reported investment gains in every month dating back to 1997."
Oh boy, somebody needs to be fired...
"Oh, and the post also lets everyone know, just in case they didn't already, that she FINALLY got out of PCV, and got at least one extra bedroom (assuming that her daughter and the kid won't be sharing a bedroom). Though she did have to leave the island to get it."
I don't know what to make of you, ph41, when you post this sort of drivel. Should I think that you have no class, because you cast aspersions based on the location of a person's home? Or should I think that you are an idiot, because you cast these aspersions from a home that is in a third-tier location on said island?
I'm curious, what exactly is the effect you're going for?
"Ok, I will add something on-topic. According to the American lawyer website Fletcher has filed for bankruptcy."
Him personally, or the fund? I had read that it was just the fund, in a move to block court-appointed liquidation.
Actually, ino, the "off the island" phrase was lifted from one of ar's previous (snide) posts about LIC.
"third tier" location? Get a grip - you should be as lucky as I am.
So we try people in The Wall Street Journal now?
Buddy's assertion in the original suit is actually "retaliation" -- that he had angered some other members of the board by being consistently non-racist, very specifically calling board members out about offensive things they said about some candidates, and in another case forcing a vote on the Milsteins. I hear Kantwon when he/she says that's the "race card," but it might also have been what happened.
By claiming it, Buddy has clearly opened the door to a magnifying-glass-level examination of his business. That basically leads us to two cases: one is that he's honest and thinks his business will survive this type of scrutiny, and the other is that he's dishonest and was simply too dumb to think about how this would play out.
I've known him for a long, long time, and I don't think he's stupid, so I doubt the latter.
ali r.
DG Neary Realty
"Personal info? Like wedding plans?"
i only announced my divorce here because people at the times gave me attitude about it. but i think they would have welcomed a black kid acquisition announcement, even if you aren't marrying him. so unfair.
this thread only gets better with age.
this guy and his "wife" have outpeformed my pre-judgment in fabulous ways--what very entertaining piece-of-shit humans they are
what fun
> I don't know what to make of you, ph41,
Its unfortunate when an anonymous poster can't be placed into neat buckets.
Hey ino - I notice you didn't address the first part of my post
"it's basically what ar does a lot: posts personal (not related to the thread) stuff as a lady bountiful, lady of the manor, while coating it in her preferred pseudo super-conscious social liberal guise."
Sort of like posting about having sushi at Nobu in Tokyo (thereby telling everyone she was on, or had been on, to a "glamourous" trip to Toykyo, when the thread was about BEST SUSHI IN NEW YORK.
(though I myself did digress on that thread to Japanese isakayas in NY, but only those in NY, not in Tokyo).
> black kid acquisition announcement
or your repeated display of yourself as a penthouse dweller??
ironic that it turns out said PH is in a c building, c neighborhood. but hey, it makes you feel important--you know, like on your mail and shit; and when you push the button in the elevator--and most of the plebes you're so desperate to impress don't get the reality of it.
> "third tier" location?
Uh oh, everyone check their location to make sure its inododo approved:
Please tier the following locations:
PCV
West 67th
Upper East
Fifth Avenue at 100th
Fort George
Midtown East
Sutton Place
Financial District
Don't worry about my luck in life, I've been given aplenty.
You tell me, how would you classify a location like East 41st St in terms of tiers of Manhattan residential RE? Here's how I'd do it:
1st: on Central Park, Park Ave, name buildings in top locations like Meier in the West Village, etc. that command $2000+ ppsf
2nd: prime neighborhoods like UWS, UES, Village, Tribeca, Soho, Chelsea, etc.
3rd: sub-prime neighborhoods like Midtown East, Hell's Kitchen, Yorkville, hipper parts of East Village & LES, Manhattan Valley, etc.
4th: Chinatown, rest of East Village & LES, Hamilton Heights, etc.
5th: some places probably fall into this category, but I don't know enough to say specifically
Upper East was for you yikes. Feel free to narrow to Yorkville.
http://tinyurl.com/cwmolzx
Meier buildings might be nice and expensive but they are not well located. Better off being in GV Gold Coast or along Carrie's SITC tour.
Hey "yikes" so you're still old bitterbottom aka wbottom under a new label, with the same old envious spleen filled posts?
Oh, and I would say it's a b - b+ building
you still haven't answered his question. what effect are you going for?
98 Riverside, cc's infamous building with the window in the shower, where would that rank?
effect would be to impress wannabee plebe petit's with no clue re that which they aspire to--you know, like when you're in the elevator, and they see you push that glorious PH button---or when you loudly announce your to whomever inquires, so all nearby can hear of your PH glory--hey, whatever floats your crappy boat
Yup, same old spleen-filled envious rants.
what effect are you going for?
ill
What does any of this have to do withe the Dakota?
Home on the rage?
Who cares about the Dakota. More of us are interested in kylewest's sanctimony about aboutready's acquisition.
These discussions were so much better when aboutready was not commenting and hijacking them by making every discussion about her personal life and by her arrogant lecturing of her extreme left wing views.
Yes, we should focus on LICComm's autism instead.
Holy crap. LICC, you are autistic?
Learned me something--never thought of sanctimonious as having a noun form. Sanctimony. Even in our collective drivel there are such pearls. Yet, I don't think sanctimony is the right word for me here because my sentiments here are not feigned righteousness. I really believe them. So maybe there are better words...perhaps, didactic? Or dogmatic? Or doctrinaire even? I'm open. But there was nothing fake about my reaction to the weirdness, absurdity, illogical conclusions and simply incorrect information in AR's posts about the supposed subway thing. Anyway, a new day ahead of us. What old chestnut of a thread will spring back to life in the hours ahead today?
Learned me something--never thought of sanctimonious as having a noun form. Sanctimony. Even in our collective drivel there are such pearls. Yet, I don't think sanctimony is the right word for me here because my sentiments here are not feigned righteousness. I really believe them. So maybe there are better words...perhaps, didactic? Or dogmatic? Or doctrinaire even? I'm open. But there was nothing fake about my reaction to the weirdness, absurdity, illogical conclusions and simply incorrect information in AR's posts about the supposed subway thing. Anyway, a new day ahead of us. What old chestnut of a thread will spring back to life in the hours ahead today?
Aww shit, KW is cruisin' for a bruisin'...
So ph41, you objected to Midtown East being a third-tier location in Manhattan but never followed up with how you see the tiers. Nothing wrong with Midtown East or any other location IMO, but I'm wondering what sort of tiering doesn't place ME as 3rd-tier.
;)
PenthouseDweller:
"spleen-filled"?? that's a new one on me.
"envy"?? of your crappy penthouse in a crappy building in a crappy neighborhood??
sorry to disappoint but no envy of you. rather than tell you all about my assets, i'll just leave it that im quite happy with what ive got, thanks.
now on the dakota--buddy's act stunk of cheese and ponzi to anyone who bothered reading all the tripe he produced about his glory--as bad as that is, his use of the race card over and over was a real shame--i believe in affirmative action for those who truly deserve a bump in life (and there are many)--asses like buddy give the opponents of affirmative action ammo to shut it down--buddy should be truly ashamed
kyle--cant we hear more from troosh about your charmed house in the hampties?
> "crappy penthouse in a crappy building in a crappy neighborhood??"
Too funny, LMAO
>kyle--cant we hear more from troosh about your charmed house in the hampties?
Wbottom's kids are grown, so one can only wonder why he still so frequently uses baby talk... parents be alert
>sorry to disappoint but no envy of you. rather than tell you all about my assets, i'll just leave it that im quite happy with what ive got, thanks.
How is the ex-wife doing?
yikes/wbottom speaking his babytalk.
Of course you can hear more. If you actually owned a place in East Hampton (or even had a friend who does and would invite you there) you could hear people in the neighborhood talking about it. You could see people stopping while on a walk or bike ride as they take a closer look.
and you could hear very nice things said about kyle. He and his husband are well-liked and respected.
You, being yikes/wbottom, will never have a house like that or be held in high esteem by your neighbors.
There is nothing to admire about you.
Fletcher won a ruling that his claims against individual members of the Dakota co-op board can go to trial:
http://therealdeal.com/blog/2012/07/16/court-ruling-could-make-individual-condo-co-op-board-members-liable/
troosh--i owned/sold long ago a lovely house in wainscott--but tell us more about kyle's house, and all the things you overhear people saying about kyle and his house--and tell us more about kyle and his husband--i'm sure kyle loves you stalking and talking--do tell more!!!
this should be interesting: coop board turns down a buyer based on buyer's inability to properly afford said purchase--buyer sues board--buyer's business files for bankruptcy protection--buyer contiunues suit of board??
Troosh--pls do NOT cease your public fawning over Kyle--you love it, he loves it, i love it, we love it---now get on with the stalk and talk, girl!!
Yikes the neighborhood pervert is loose, make sure your kids are safe.
"this should be interesting: coop board turns down a buyer based on buyer's inability to properly afford said purchase--buyer sues board--buyer's business files for bankruptcy protection--buyer contiunues suit of board??"
He should buy a place from Extell, that'd lift the legal profession out of its rut single-handedly.
Fletcher needs to keep this going because he needs to look like a victim of racism while his mess plays out in the media, he is relying on the public's imagination to connect the 2 cases. this is the smart thing for him to do. but this is a pretty scary ruling for individual board members, can't every disgruntled co op reject (and this describes me) now sue until they feel better? of course there will also now be the black list of litigious would be buyers, but before that a bunch of board members will get sued. lawyer stimulus.
More fun from the land of Fletcher related to the Louisiana pensions.
1) Pensions lawyer accuses Fletcher of "intricate shell game" with moving money out of the fund that is in bankruptcy court. http://www.nypost.com/p/news/business/scorn_on_bayou_sswHr8qlPGu4SVAdsbDyGL
2) The fund had money invested Fletcher's brother's film, allegedly with no investor disclosure of anything other than investments in publicly traded company. http://online.wsj.com/article/SB10000872396390444900304577581732224646356.html
3) Fletcher's move to override Cayman-ordered liquidation with US bankruptcy case moves forward. Judge rules for a federal trustee rather than an examiner, which pensions say was a delay tactic from Fletcher. http://www.nypost.com/p/news/business/fletcher_to_get_federal_trustee_qPn0QagizoMYdknROh1aPI?utm_medium=rss&utm_content=Business
KUNG PAO!
Take that Batman!
Fletcher (aka: FuddyBuddy) and EZ Ellen(aka The Girl that swallowed Kleiner, Perkins, Caulfied & Byers)
backed into a corner you say!
Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha
alison front porch,
given your prior commentary in defense of your "friend of 25 years", buddy fletcher (harvard classmate of yours); i think a comment is called for.
what say you?
He's still my friend. I don't abandon my friends just because the Wall Street Journal decides to do negative articles about them (although, as a former editor at a Murdoch paper myself, I do find the intensity of the coverage - there have probably been dozens of stories at this point- interesting). If there are issues with the bankruptcy, I'm sure the court will sort it out, though again I'm surprised at how "court-shopping" - which is something everyone I've ever met who is involved in legal proceedings does, if they can - is being held against Buddy.
Certain parties seem to have decided that if Fletcher does nothing to defend himself, he's implicitly acknowledging guilt, and if he does do something to defend himself, suddenly he's a Saul Goodman- type guilty slickster. But I think more facts will come to light over time, and then everyone can come to conclusions and stop jumping to them.
Just my two cents.
ali r.
DG Neary Realty
Sandusky's your friend too bc he did not molest your 6yo son.
Harvard re Borker..... M'okay. Next retard.
FP, this story has been around for well over a year now. The coverage has been from many sources, not just the WSJ. Haven't lots of facts have come to light since then?
what facts do you think will come to light?
what about the current facts? youre good with them?
like his playing the race card with his neighbors at the dakota...who elected him board pres..if you were a shareholder at the Dakota, would you have voted in favor of your "friend's" purchase of a fifth apt there? with agi of 700K that year, and "funds" teetering on bankruptcy? (which are now ion fact, as anticipated by his neighbors at the dakota, bankrupt)...what's racist about a coop protecting itself from a fraud like your "friend"?
and for someone who has enjoyed such privilege and advantage to play the race card strictly to garner greater financial advantage, is a disgrace to people of color, many of whom do in fact suffer at the hands of racists..shame on your "friend"
like his "investing" hedge fund money in his brother's "films"--totally off model of bylaws of his funds...with said money bye bye
like the complete ponzi structure of his funds, and the videotaped misrepresentation of this to to pension fund managers he conned into investing?
the facts we know alreading are quite endless, and damning...what are you thinking will come out to vindicate him?
and there's the non-factual stuff.. that this guy is a self-promoter of the worst variety..have you read any of what he says of himself any place he can? guys like fletcher who spend so much time promoting themsleves are just the type one should never invest with...investing well is incredibly difficult and time consuming...tyhose who spend more time self-promoting than they do investing often turn out to be frauds...seems your "friend" buddy is cut of that cloth
what facts do you think may emerge to offset all those fact we already know? and what can offset the juxtaposition of the facts we already know with the incredible puffery and egoism displayed by your "friend"?
Boiling this down, where is the money?
well, let's just examine one basic narrative inconsistency of the "anti" case: If we hypothesize that Fletcher is a self-promoter who would cook books in his own self-interest, and that he did a good enough job of that to get sophisticated buyside financial professionals to invest money with him in Louisiana, then why couldn't he do that with the co-op purchase in New York?
He'd been on the Dakota's board, so he would have insider information about every likely ratio test and every likely forensic that the board would run. He was supporting a cash purchase offer, so all he would have to do is to draw a picture of how he would support the future maintenance payments. He would know exactly what details he would have to produce -- if you guys think Buddy is so dishonest that he would just paint whatever financial picture that his audience would want, why didn't he do it?
Did his magic printer break? Or are you arguing that he's both dishonest and cyclical, and that his powers of dissembling only work when the moon is full?
ali
real estate/financial fraud/sex scandal...who need TV when these peeps live near by.
The judge in a sex discrimination case that's rocked Silicon Valley's staid venture capital world ruled on Friday that Ellen Pao -- the junior partner who claims venerable Kleiner Perkins Caufield & Byers treats women like second-class citizens -- does not have to take her legal claim to outside arbitration.
Pao's lawyer said his client was "very pleased" and looks forward to telling her story in front of a jury. But Kleiner Perkins, which has fought to keep details of the firm's financial doings out of the public eye during the proceedings, immediately vowed to appeal. That could keep the suit in limbo for at least a year, during which both sides will likely put pressure on the other to settle out of court.
Blah. Blah blah. Fecal matter fecal matter. Air. Fecal matter......
so takeaway is that you think he was in fact discriminated against by the dakota board based on his being african american? and you are suportive that he is suing his neighbors?
and that, were you a shareholder at the dakota, you would have been perfectly happy with him owning 5 apts there? after seeing his agi of 700k for the current year, and that his business was teetering on bankruptcy?
and nowhere has it been said he has falsified or forged documents (yet). he did misrepresent (on videotape) the workings of funds he sold, but there was no printer involved.
i think it's pretty clear that your "friend", with all his puffery and garbage, is a complete fraud. this guy stunk of cheese from the getgo. your bunny has a bad nose. (prize goes to s/he who can ID "your bunny has a good nose")
"and there's the non-factual stuff"
We're not going to let this trial be run by fact checkers! I guess bottoms is a Republican pollster...
"guys like fletcher who spend so much time promoting themsleves are just the type one should never invest with"
By the same token, guys who spend so much time vilifying someone on an anonymous internet message board should never be trusted.
ah, my troll has appeared--i was starting to worry that she was ill
Here's my favorite tid bit:
But the juiciest detail of all? Before marrying Pao and seeking that extra apartment, Fletcher shared the Dakota digs with his long-term boyfriend, Hobart Fowlkes Jr, a switcheroo that goes barely explored in the Times piece. By e-mail, Fowlkes, the godfather to Pao and Fletcher's child, assured the paper of his closeness with the couple — and also, perhaps passive-aggressively, reminded Pao of just how close he is with one-half of it. "I must admit that I do not know Ellen as intimately as I obviously know Buddy. However, my interactions with Ellen have never been anything but positive.”
The question is, in this this Kung Pao sandwich is there really any Kung Pao?
Not there is anything wrong with that...
I can't leave this alone...
The Dakota case isn't the first such suit the Harvard-educated, high-profile Fletcher has filed. In 1991, he filed a racial discrimination suit against his then-employer Kidder Peabody; he was awarded more than $1 million in damages but didn't win the racial discrimination claims. Shortly thereafter, while still in his twenties, he started his own firm and bought the first Dakota apartment, then at the bargain-basement price of $465,000, becoming the building's second black resident ever. And he hasn't just been the plaintiff: Fletcher had sexual harassment claims filed against him in 2003 and 2006 by two men who'd worked as a contractor and property manager, respectively, on his Connecticut property. Fletcher settled both under confidential terms, but presumably he picked up some legal insight to pass along to his now-suing wife.
bottoms, you do you reconcile your blatant misogyny with your fervent anti-racism? I guess they're not mutually exclusive, but quite unusual to say the least...
@ Ali: "Saul Goodman..." How much do you love Breaking Bad? How sad are you we have to wait a year for more?
"You don't need a criminal lawyer. You need a CRIMINAL lawyer." --Jesse Pinkman
I don't have to tell you how this ends...do I?
Ellen Pao: What have you done to him? What have you done to his eyes, you maniacs!
Roman Castevet(aka Hobart Fowlkes Jr) : He has his father's eyes.
Ellen Pao: What do you mean? Buddy's eyes are normal!
Slow arial pan back from the Dakota as the music draws us upward...
http://www.youtube.com/watch?v=VQFwW8eAy4U (special thanks to polish composer Krzysztof Komeda)
>> (prize goes to s/he who can ID "your bunny has a good nose")
Jan. 8, 1987: Martin Siegel to Robert Freeman, in regards to info from Bunny Lasker.
What do I win?
can't make this sh!t up
>Did his magic printer break? Or are you arguing that he's both dishonest and cyclical, and that his powers of dissembling only work when the moon is full?
Your defense is that he wasn't dishonest enough? That the fact that he wasn't perfectly dishonest proves his innocence?
What about that a bunch of hillbillies from down south playing with someone else's money aren't as sophisticated as wealthy NYers for whom having a deadbeat neighbor with personal problems up the wazoo (I always like say wazoo) could quickly become their own personal problem?
By the way, I just found that streeteasy's comment / posting features allow me to press a button to ignore myself. Best of both worlds.
I was one of the few who was unwilling to cast judgment without additional information. But the additional information is coming in, not in a trickle, but more like a flood, and it looks pretty f'ng awful. It speaks, generally, to his character, and more specifically to his business acumen. His financial situation was certainly tenuous enough for the Dakota to reject his purchase without bias being involved.
But that doesn't excuse the Dakota's capricious denial of bathtub rights.
Btw, the court just granted us custody. For those who care.
nada wins! the joy of winning!
>His financial situation was certainly tenuous enough for the Dakota to reject his purchase without bias being involved.
Tenuous enough is an excellent point. co-op board doesn't need to be held to a beyond a reasonable doubt standard. And of course neither does a civil lawsuit.
>Btw, the court just granted us custody. For those who care.
Congratulations
Naturally, people have biases. You can't legislate that away. They test how newborn babies react to certain pleasant and unpleasant faces. What are you supposed to do? In presidential races, they say people go for the likeable guy, which may have nothing to do with the competent guy- John Edwards ran for president.
Good news for Dakota board. Now Fletcher's attorneys are dropping him because they haven't been paid.
http://therealdeal.com/blog/2012/10/29/lawyers-withdraw-from-dakota-race-bias-suit-amidst-hedge-funders-financial-woes/
John Edwards was "likable" ??!!! Gag.
a fairly boring article, but....
http://finance.fortune.cnn.com/2012/10/25/pao-fletcher-lawsuits/
ali--do you have it in you to admit that this man, whom you have described as close friend and fellow harvard alum is a fraud? a fraud who has attempted to use race as a camouflage?
and btw, therein lies the biggest disgrace for me. scum like your friend make it harder for those who truly face discrimination to get fair treatment.
More articles.
Long rehash with new details:
http://www.vanityfair.com/society/2013/03/buddy-fletcher-ellen-pao
Buddy's bankrupt fund => bankrupt portfolio companies:
http://mediadecoder.blogs.nytimes.com/2013/03/06/content-lives-on-even-if-web-site-doesnt
Fletcher dragging feet in Dakota lawsuit:
http://www.nypost.com/p/news/business/fletcher_against_the_clock_67Rt1QahXf2nCSggblrAmN