Our Daily Saab: There Is A Connecticut Mascioli With A Long Criminal Record
Is Saab betting on being saved by a man with a mile log rap sheet? We are not talking Vladimir Antonov. We are talking Alex Mascioli.
On Wednesday, Swedish Automobile N.V. including Saab Automobile AB published its 3rd quarter 2011 report. It is a report written in red ink. It talks about the well documented troubles with China and GM. It mentions that there is “a memorandum of understanding for a conditional agreement for the sale of Spyker Automotive business to North Street Capital with net proceeds for Swan of EUR 32 million.”
The report then says:
“The future of Swan will depend on the outcome of these negotiations.”
A lot has been written about the Chinese aspect. Very little is known about the mysterious North Street Capital, LP, of 500 West Putnam Avenue, Suite 400, Greenwich, Connecticut 06830. Some claim it works out of a virtual office. The company is so discrete that its website shows a white page (at least on my browser.) What is known is that the alleged hedge fund is owned by an alleged car enthusiast (aren’t we all) by the name of Alex Mascioli. His track record in the world of car racing and the world of finance is sketchy at best. Whoever hinges the future of Swan on Mascioli and North Street Capital should do some due diligence.
The State of Connecticut has a long rap sheet on an Alexander Mascioli, born in 1975.
- The Mascioli troubles begin in 1995, when MASCIOLI ALEXANDER H, born 1975, is arrested by the police in Wilton, CT. for DUI. He fails to appear in court a year later and is subsequently sentenced to 6 month in jail for the DUI and a year in jail for not showing up. Both times he goes free on probation.
- In 2002, MASCIOLI ALEX H, born 1975, is arrested by the Darien CT Police and subsequently convicted of forgery 3rd degree (6 months in jail, free on probation), and of criminal impersonation (6 months in jail, free on probation).
- In 2006, a MASCIOLI ALEX HOPE, born 1975, is arrested by the police in New Canaan. A year later, he is convicted of 3d degree assault and sentenced to 45 days in jail. No probation.
- Also in 2006, a MASCIOLI ALEXANDER H, born 1975, is arrested by the police of Greenwich, CT. A year later, he is sentenced to 4 years in jail for violation of a protective order. 4 years probation. He receives 45 days in jail for “Evade Resp-Prop Damage/Injury.”
- In 2007, the police in Greenwich, CT, arrests a MASCIOLI ALEXANDER H, born 1975, for DUI. He receives 2 years jail (probation 3 years) for a second offense DUI, and 120 days in jail (no probation) for failure to appear.
- Likewise in 2007, a MASCIOLI ALEXANDER HOPE, born 1975, is arrested by the Norwalk, CT police. In 2008, he is convicted of “Issuing A Bad Check Over $1000”, a Class D felony, and is sentenced to 3 years in jail (2 years probation). 5 months later, he gets a year in jail for failure to appear.
These are just the highlights, the judicial system of Connecticut would certainly be willing to provide details.
A public record search connects all these cases with a Caucasian male of Norwalk CT, who goes by the name of Mascioli, Alexander H, and who was born in August 1975. The same person is listed as having been connected with various domain names, such as autosalonworld.com, certifiedferrari.com, etripdirect.com, ferrariautomobile.com, ferrariconnection.com, ferraridealership.com, ferraridealerusa.com, ferrariowner.com, freehits123.com, italianferrari.com, theferrarigallery.com, vineyardhome.com and worldofferrari.com. (Many of these domains have anonymous registrations, some have been deleted.)
An ALEXANDER MASCIOLI can be found listed as the manager of the Classic AutoSalon in Westport, CT, and then as the owner of C lassicMotorcars Llc in Norwalk, CT. Oddly, what cannot be found is a North Street Capital LP. Connecticut’s Secretary of State has everything from North Street Elderly Housing Corp. to North Street Laundry LLC, but no North Street Capital LP.
Now we are not saying that those Masciolis (or this Mascioli) are the same Mascioli as that of North Street Capital. Who knows, maybe there are lots of Masciolis in the area around Greenwich, CT, all in their mid 30s, all with a penchant for cars, a drink here and there, and an aversion to showing up in court. If Saab’s future hinges on Mascioli, maybe someone should make sure that people don’t get the idea that it’s the same Mascioli that writes bad checks, or the one who was convicted of forgery, criminal impersonation, assault, and driving drunk.
These are trying times for Saab, and with Russian financier and Saab investor Antonov wanted in Lithuania and out on bail in London, Saab should work diligently to avoid misguided impressions that it hopes to be rescued by another jailbird.
Latest Car ReviewsRead more
Latest Product ReviewsRead more
- Dusterdude @El scotto , I'm aware of the history, I have been in the "working world" for close to 40 years with many of them being in automotive. We have to look at situation in the "big picture". Did UAW make concessions in past ? - yes. Do they deserve an increase now ? -yes . Is their pay increase reasonable given their current compensation package ? Not at all ! By the way - are the automotive CEO's overpaid - definitely! (That is the case in many industries, and a separate topic). As the auto industry slowly but surely moves to EV's , the "big 3" will need to be producing top quality competitive vehicles or they will not survive.
- Art_Vandelay “We skipped it because we didn’t think anyone would want to steal these things”-Hyundai
- El scotto Huge lumbering SUV? Check. Unknown name soon to be made popular by Tiktok ilk? Check. Scads of these showing up in school drop-off lines? Check. The only real over/under is if these will have as much cachet as Land Rovers themselves? A bespoken item had to be new at one time. Bonus "accepted by the right kind of people" points if EBFlex or Tassos disapproves.
- El scotto No, "brothers and sisters" are the core strength of the union. So you'll take less money and less benefits because "my company really needs helped out"? The UAW already did that with two-tier employees and concessions on their last contract.The Big 3 have never, ever locked out the UAW. The Big 3 have agreed to every collective bargaining agreement since WWII. Neither side will change.
- El scotto Never mind that that F-1 is a bigger circus than EBFlex and Tassos shopping together for their new BDSM outfits and personal lubricants. Also, the F1 rumor mill churns more than EBFlex's mind choosing a new Sharpie to make his next "Free Candy" sign for his white Ram work van. GM will spend a year or two learning how things work in F1. By the third or fourth year GM will have a competitive "F-1 LS" engine. After they win a race or two Ferrari will protest to highest F-1 authorities. Something not mentioned: Will GM get tens of millions of dollars from F-1? Ferrari gets 30 million a year as a participation trophy.