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Hold up.

Yaker the Dictator is quoting a lawyer who helped create the Amalgamated and Park Reservoir to make his point?

Yiggy recently had a nice plate glass window installed in his apartment overlooking his terrace at the expense of the Shareholders since Contractors were hired to repair terraces and facades of the buildings. Ordinarily, Board Policy and Family Composition would disqualify Yiggy from occupying a two bedroom apartment in the first place. How did he bypass DHCR Rules and Regulations? Cooperative Spirit? This is the same guy who hired a FELON convicted of taking bribes and kickbacks from the last Coop he "managed" to "manage" the Amalgamated Housing Corporation and Park Reservoir Housing Corporation right before a $100 million dollar loan was secured from the National Cooperative Bank. Interestingly enough, Education Director Doris Spencer tried to get on the Board of Directors of the National Cooperative Bank a few years back. Employees were given substantial raises and the "manager" has also nearly doubled his salary since taking the helm of a housing development for moderate to middle income taxpayers. Yiggy and his illustrious crew have driven BOTH Coops into the ground while pilfering Shareholder funds, claiming people just wanted "cheap rent". The disappearance of a $30,000 generator was never investigated nor were proceeds from the sale of Coop Property to the NYC Department of Education ever distributed to Shareholders. The over $900,000 in interest the Coop accumulated when the Department of Finance failed to issue a tax bill to the Coop (under the management of Pat Goldwater) was kept by the Coop when the City supposedly admitted to an error in calculations, but where did that money go exactly?

Yiggy continues to assert his white male privilege into the game he is running on everyone. He is part of the problem that is destroying affordable housing in NYC. No different from any other slumlord, Yiggy and his Board of miscreants decided long ago to neglect much needed infrastructure repairs in all of the buildings, allowed them to fail into various stages of disrepair and then gamed the system by applying for low interest loans and commencing with a bogus RFP and RFI process knowing already they hand selected Contractors who would be generous with Board Members.

Twin Pines Fuel Oil was a debacle that should have sent the Yiggy to the BING. After securing the fuel oil contract for the ENTIRE Pennsylvania School System, the Company folded. Perhaps it had something to do with Yiggy and friends being sued by an elderly investor who discovered Yiggy & Co were swindlers and bamboozlers of the highest order. Of course, Yiggy had his attorneys SCRUB the information from the internet but with a little DUE DILIGENCE you can find it. Yiggy's speciality is shell corporations! Also interesting to note is that Twin Pines is located on Zerega Ave in the Bronx in very close proximity to where the Orloff Organization was storing their drugs.

When you start to see the Yiggy for who and what he REALLY is, you have a better understanding of why the Coop is a Criminal Enterprise disguised as a Housing Project. That "cooperative spirit" he consistently invokes is a just another brainwashing tool used by the best of Cult Leaders. Please do not drink the kool aid.

From: More openness needed at co-ops

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