It is too bad this Board is no longer what it used to be. If you wanted to get the real news this was the place you wanted to be. I just get a chuckle with Bellone and Twitter column. Let me take it to the next level and see if it remains on the Board.
Back in 2004, Bellone's best buddy, Robert Stricoff bought a house from a convicted drug dealer in Oak Beach, NY. The drug dealer after serving 10 years in prison came out and opened up a pornography/escort/massage business. He got out in 1995. He dealt most of his drugs in Suffolk County, in particular, The Town of Babylon.
I lose track of the dealer from about 1995, and find him buying a house in Oak Beach in 2000. He paid $225,000.00 for it. In May of '04 he sells that same home to Bellone's buddy for $825, ooo.oo. Real Estate records at that time put the value of that house at about $425,000.00. The last time I checked that same home, or 10 years later is only worth less than $600.000.00. Bellone's buddy somehow secured a $700,000.00 mortgage for a house that was supposedly valued at $425,000.00. These numbers are all supported by the Record. IMHO, this looks like a mortgage fraud to obtain monies for Bellone. The excess of what the friend really paid for the house and what he got for the mortgage was probably given to Bellone as Bellone;s best friend is well known as a major fund raiser for Bellone.
That house was once listed as an address where you could send money to a Bellone campaign fund. Bellone, also used an Oak Beach P.O. Box for fundraising, or the same post office that the drug dealer used when he lived in that same home.
My question is: How much money did the friend actually pay to the convicted drug dealer/turned pornographer? After all the previous owner was a known drug dealer/pornographer and that makes him a crook by definition. He would be a good person to use as a money launderer. He certainly isn't going to make a complaint, is he?
IMHO, the friend probably paid the guy not much more than $300,000.00 for a home he only paid $225,000.00 for only 4 years earlier. It is still a $100,000 profit for a 4 year investment.