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Obstfeld, LH Financial owner, "kills himself"
Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 6/18/2010 10:54:39 PM

By: jurisper

Obstfeld, principle of LH Financial and pal of Martin Schlaff kills himself (?).

http://www.nydailynews.com/ny_local/2010/06/18/2010-06-18_untitled__jump18m.html

LH Financial was of course the arranger for a bunch of Schlaff/BAWAG-vehicle toxic penny "financings" back in the day (ie deals by Esquire Trade & Finance, Alpha Capital etc etc).

See also Matt Goldstein for some details on LH (from the time fo the Refco melt-down): http://www.thestreet.com/story/10288736/3/refcos-burned-owners-await-their-payday.html

As to Schlaff himself, Israeli authorities recommended this week that he be indicted over the casino bribery affair mentioned in the Daily News article.

A stroy for the long-haul!


Anonymous
Posted: Saturday, August 13, 2011

Posted: 6/21/2010 1:22:43 PM

By: Hunter

Interesting. So, who is running the LH Financial investments in thinly traded stocks?


Anonymous
Posted: Saturday, August 13, 2011

Posted: 6/20/2010 6:17:12 PM

By: jurisper

Petroalgae - that's Laurus/Valens etc, not LH, as far as I know.

Forbes story on Laurus from last year has some details: http://www.forbes.com/forbes/2009/0907/money-laurus-capital-petroalgae-hedge-fund-shuffle.html


Anonymous
Posted: Saturday, August 13, 2011

Posted: 6/19/2010 7:41:18 PM

By: petropuppy

Doesn't LH have a massive position in petroalgae ( I think, its like 20 bucks) and stinky. Sholam Weiss?? Yitzhak's partner??


Anonymous
Posted: Saturday, August 13, 2011

Posted: 6/19/2010 9:36:57 AM

By: jurisper

Obstfeld was also a business partner of Eugene Grin at one time (of Laurus/Valens), as I recall now, jointly accused by the Delaware insurance commissioner with Grin of bad stuff to do with the Shalom Weiss insurance swindle. (AFAIK, the action against them was dismissed: see the decision on the commissioner's appeal at http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=11th&navby=case&no=0116006OPN )

The Grins appear to have been partners of some kind with Schlaff in the early days of their involvement with toxic penny deals, say in the late 90's through to the early 2000's. A well-regarded financial reporter once told me that he'd heard the two groups fell out "over money", which doesn't seem very unlikely.


 

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