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Morgan Stanley

Politics
Republican Takes Fairfield County State Senate Seat In District Biden Won By 25 Points Republican Takes Fairfield County State Senate Seat In District Biden Won By 25 Points
Republican Takes Fairfield County State Senate Seat In District Biden Won By 25 Points A Republican candidate from Connecticut was elected to the State Senate to reclaim a seat for the GOP in a special election in a district that was overwhelmingly won by President Joe Biden in the 2020 presidential election. Ryan Fazio was elected to the seat in Fairfield County on Tuesday, Aug. 17 in the 36th District in a special election that was forced by the resignation of Democrat Alex Kasser, who cited a contentious divorce from a top Morgan Stanley executive last year as a reason to step down. According to the GOP, the 36th Senate District was overwhelmingly won by Biden in 2020 by…

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by Zak Failla
Politics
State Senator From Fairfield County Abruptly Resigns, Citing Ongoing Struggle With Divorce State Senator From Fairfield County Abruptly Resigns, Citing Ongoing Struggle With Divorce
State Senator From Fairfield County Abruptly Resigns, Citing Ongoing Struggle With Divorce A popular state senator from Fairfield County has abruptly resigned after citing struggles with an ongoing divorce. State Sen. Alex Kasser, a Democrat from Greenwich, announced her resignation on Twitter Tuesday, June 22, citing the strain of her long-running divorce. "It is with deep sadness that I announce my resignation as State Senator," Kasser said. "Serving the residents of Connecticut’s 36th Senate district has been a profound honor and a great joy. However, due to personal circumstances, I cannot continue." Kasser said she has been trying to divorce Seth Bergstein, a Morgan St…

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by Kathy Reakes
Police & Fire
Don Jr. Leaves NY As City Cancels Trump Organization Contracts, PGA, Corporate America Cut Ties Don Jr. Leaves NY As City Cancels Trump Organization Contracts, PGA, Corporate America Cut Ties
Don Jr. Leaves NY As City Cancels Trump Organization Contracts, PGA, Corporate America Cut Ties Donald Trump Jr. has become the latest member of the First Family to flee New York amid more fallout tied to the circumstances surrounding his father's unprecedented second impeachment. According to reports, Trump Jr. is following in the footsteps of his sister, Ivanka, who already left New York to establish residence in Florida. The move comes as the PGA moved the 2022 championship from the Trump golf course in Bedminister, New Jersey, and corporate America began severing all ties with the much-maligned president. Reports stated that Trump Jr. is looking at homes in Jupiter, Florida, less…

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by Zak Failla
News
Morgan Stanley Cutting Jobs Due To Uncertain Global Environment, Report Says Morgan Stanley Cutting Jobs Due To Uncertain Global Environment, Report Says
Morgan Stanley Cutting Jobs Due To Uncertain Global Environment, Report Says Wall Street giant Morgan Stanley will be cutting hundreds of jobs due to an “uncertain global economic outlook,” according to a new report. Morgan Stanley will be cutting approximately 1,500 jobs - roughly 2 percent of its workforce - impacting employees in technology, operations, sales trading, and research. The New York-based bank currently employees more than 60,000 people. According to CNBC, in October, Morgan Stanley posted third-quarter profit and revenue figures that beat analysts’ expectations. The company produced $10.1 billion in revenue, exceeding analysts’ estimates by appr…

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by Zak Failla
News
Area Hedge Fund Manager Sentenced For $22M Ponzi Scheme Area Hedge Fund Manager Sentenced For $22M Ponzi Scheme
Area Hedge Fund Manager Sentenced For $22M Ponzi Scheme A former hedge fund manager from Northern Westchester will spend nearly a decade behind bars after defrauding 45 investors out of more than $22 million through an elaborate Ponzi scheme that allowed him to live a lavish lifestyle. Michael Scronic of Pound Ridge, the former manager of the Scronic Macro Fund has been sentenced to 96 months in prison, Geoffrey Berman, the United States Attorney for the Southern District of New York, announced on Thursday. Scronic was also sentenced to three years of supervised release and must pay $22,026,427 in restitution to his victims. Scronic, 46, admitte…

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by Zak Failla
News
Northern Westchester Hedge Fund Manager Pleads Guilty To $22M Ponzi Scheme Northern Westchester Hedge Fund Manager Pleads Guilty To $22M Ponzi Scheme
Northern Westchester Hedge Fund Manager Pleads Guilty To $22M Ponzi Scheme A former hedge fund manager from Northern Westchester pleaded guilty Thursday to defrauding 45 investors, many of them friends and neighbors, of $22 million in a Ponzi scheme. Michael Scronic of Pound Ridge, 46, pleaded guilty to one count of securities fraud, which carries a maximum sentence of 20 years in prison. He is scheduled to be sentenced by Judge Cathy Seibel on July 9.  “Michael Scronic lied about the performance of his investment fund, telling investors that his returns were as high as 13 percent," U.S. Attorney for the Southern District of New York Geoffrey S. Berman said. …

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by Joe Lombardi