Well, the comment is been made - this is a company that lives on the largess of government funding.
Certainly, Rossi has tried to pull from that particular tit as well. Let's hope we don't see the same thing happening with the eCat. On Mon, Jan 27, 2014 at 11:51 PM, Alain Sepeda <[email protected]>wrote: > in 2007-2008, was there something that happened in real estate market ? > > > 2014-01-28 Blaze Spinnaker <[email protected]> > > From 2010: >> >> http://www.carolinajournal.com/exclusives/display_exclusive.html?id=6216 >> >> One of North Carolina's real estate investments that has tanked is a >> commitment to invest $100 million in Cherokee Investment Partners IV, a >> fund run by a Raleigh company. The state had invested less than $7 million >> in the fund by the end of 2008 but had paid out close to $1.5 million in >> management fees. >> >> Cherokee Investment Partners, the parent company of the fund and another >> company North Carolina has invested in, is the subject of a federal probe >> in connection with failed golf and housing projects in New Jersey. >> >> The New Jersey inspector general issued a report in 2008 finding that a >> company backed by one of the limited partnerships in North Carolina's >> pension fund had mismanaged a project on a landfill site in Bergen County. >> >> Thomas Darden, the CEO of Cherokee Investment Partners, contributed >> $1,000 to Moore in 2004. Darden did not respond to an e-mail seeking >> comment. >> >> >
