You will also find an article by Naomi Schaefer Riley that was first published in June 10/11, 2012 in the New York Post titled, “Of love-and lotta lawsuits” featuring Alphonse Fletcher and Ellen Pao (Fletcher’s wife), calling them the “power couple”.Īlso with the same article is a quote from Stephen Cass, University of Oxford: “Diversity” is rotting America’s economy, not just from the bottom up, but from the top down, as well. If this guy were white, there would have been a criminal referral by the U.S. Paying “investor” A with investor B’s money is the Ponzi scheme model.īut the “hedge fund” went bankrupt, surprise, surprise, and Fletcher is now suing to prevent the liquidator from selling off its assets.

The return to one investor can’t be “backed by the holdings of other investors,” since that would make paying the promised return a mathematical impossibility. If you guarantee investors X% annual return, the return must be based on the investments you make with the investors’ capital. LaRoche wasn’t implying that Fletcher’s “hedge fund” is, er, was, a Ponzi scheme, she was saying so. The Firefighters’ Retirement System of Louisiana and two other Louisiana-based pension boards, which all invested $100 million in the fund and were offered a 12% minimum - “guaranteed” - annual return backed by the holdings of other investors, said they all want their money back. Last year, at Business Insider, Julia La Roche wrote, When the co-op board turned him down, based on his apparent inability to pay for the unit, the former board president conjured up a race hoax, and sued the board for “racial discrimination.” Have you ever heard of a non-crook doing that?Īnd with only $700,000 in adjusted gross income, last year he wanted to buy a fifth multimillion-dollar apartment in one of America’s most overprice buildings, The Dakota. Is Alphonse “Buddy” Fletcher the black Bernie Madoff?Īlleged hedge fund manager Fletcher had socked his money away in the Cayman Islands, where his now bankrupt “hedge fund,” Fletcher International Ltd., was based. are a Shape-Shifting, Modern, Multicultural Couple: Black and Asian Rapacious Capitalists and Affirmative Action Shakedown Artists Now Gay, Now Straight Whatever Pays at the Moment The Nothings: Ellen Pao and Alphonse Fletcher Jr.

Buddy fletcher hedge fund