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Date Posted: 20:24:04 04/10/13 Wed Montsanto Park Fairy Tales Author: Martini Lounge [ Edit | View ] -------------------------------------------------------------------------------- Date Posted: 09:39:36 03/15/11 Tue -------------------------------------------------------------------------------- Complaint against Wyatt CEO Fair to get hearing from R.I. Labor Relations Board The state Labor Relations Board has issued a complaint against the CEO of the cash strapped Wyatt Detention Facility Michael V. Fair for “creating an atmosphere of fear and intimidation” at the quasi-private Detention Facility during the tumult in Central Falls last year. The board is holding a hearing at 9 a.m. Tuesday at its Cranston headquarters. According to the complaint, Fair violated state labor laws when he took over the facility and threatened employees with termination if they did not cooperate with his hand picked leadership team. Fair's actions “interfered with, restrained and coerced members … in exercising their rights,” the complaint states. And his failure to clarify his directives to his employees after being asked to do so created “an atmosphere of fear and intimidation.” The complaint follows a charge filed by members of the F.O.P. Lodge which represents Guards and employees of the prison. The union local asked Fair to clarify his intentions “so that the professional staff at the facility could continue to do their jobs free from fear of reprisal,”a union spokesperson said. When Fair failed to provide such clarification,the union filed an unfair labor practice charge. After an investigation, the Labor Relations Board issued its complaint in February. “The complaint delineates for Fair what he can and cannot do in terms of the rights of our members, their rights of free speech and freedom of assembly and their rights as unionized employees,” a union spokesperson said. Both sides will be asked to testify under oath in the near future. After the hearing, the state Labor Relations Board will determine if the complaint should be upheld or dismissed at the next board meeting. [ Post a Reply to This Message ] Subject: Management Style Author: Man of Constant Sorrow [ Edit | View ] -------------------------------------------------------------------------------- Date Posted: 08:00:03 02/24/11 Thu -------------------------------------------------------------------------------- Egypt, Libya, Iran,and Central Falls; What do they have in common? They are small, angry and divided populations who are tired of being governed by embattled madmen. The leaders of these entities govern by striking fear into the hearts of the people. Intimidation and threats are a way of life. Its called manangement by demoralization.These defiant leaders vow to strike back at the angry protesters. They stand at their podiums ( or behind their desks) and pound their fists vowing never to succumb to the mayhem . The tension escalates and the "people" muster the courage to force these dictators from office. As the dictators weaken, more and more people will rise up in protest. The tales of intimidation and terror brought on by these tyrants will soon be uncovered by the winds that once brought them to power. Watch them closely now; they may appear to be steadfast in their commitment to remain in power, but they are planning their departures. Quietly and without fanfare, probably over a weekend or in the middle of the night they will be wisked away by the few remaining loyalist who will be left alone, abandoned, leaderless, terrified, as once were the people of these misguided regimes. They once possessed the world and its gold, but gold wont bring them happiness as they grow old. Strength to you,brothers and sisters. [ Post a Reply to This Message ] Subject: Absolute shame. Author: I hate wyatt [ Edit | View ] -------------------------------------------------------------------------------- Date Posted: 00:24:35 02/14/11 Mon -------------------------------------------------------------------------------- What a shame full place to work. Where do I begin with the mess that is the Wyatt detention facility? There are so many injustices done to the employees of the Wyatt detention facility I don’t know where to start. I intend to examine and dissect the clearly evident problems of the Wyatt detention facility. Let’s start from the top down approach, the Wyatt board of directors. The board of directors is typically responsible for the following responsibilities: governing the organization by establishing broad policies and objectives; selecting, appointing, supporting and reviewing the performance of the chief executive officer, ensuring the availability of adequate financial resources, approving annual budgets, accounting to the bondholder’s for the organization’s performance and setting their own salaries and compensation. So it would be obvious to say that these individuals should have a lengthy history of entrepreneurship or careers in successful corporate entities. Well not only do these three board members not meet these prerequisites I can’t even give them credit for running a hot dog stand or selling candy bars for the boy scouts. Number one, Mr. Bruce M. Corrigan, previously a fire fighter and also a ………? Yes I guess that’s about it. We all have great respect for firefighters but no experience in business. Number two, Mr. Michael Golenia. And number three Dr. Antonio Barajas an emergency room physician at Roger Williams Medical Center in Providence. Barajas also serves as president of the Rhode Island Mexican-American Association. Yep a whole boat load of corporate guru wrapped in that one. Let’s also mention the out standing mandate that the board members must be picked from central falls only; a one mile sea of financially talented individuals and not a rotting ghetto filled with social leeches and gang members. No not Central Falls, what gave away this gleaming metropolis of corrupt politicians? Not the street after street of boarded foreclosed houses filled with crack heads and gangsters. Gee what an absolutely marvelous mandate that one is, let’s hinder Wyatt’s ability to reach out across the state and find truly gifted financial minds to govern Wyatt’s board. Nop instead we’ll limit our bullpen to robbed and mismanaged cities completely destroyed and filled with less savory individuals. I mean a position on a board of director’s for a multi million dollar corporation isn’t important or anything not for the success of that entity. Let’s not forget who gets to appoint these people to the board mayor Charles D. Moreau. Wow where do I start with this scumbag. Moreau and his administration are under investigation for a program where the mayor’s childhood friend was awarded an emergency, no-bid contract to board up more than 200 vacant houses in the city for more than $2 million. The state police has been investigating the program, among other things namely that boiler incident where Charlie scumbag charged the replacement of his home boiler to the taxpayer. Now we start to see why this facility is such a mess. Was any one wondering why that completely ridiculous stipulation was attached to our peace officer status? The “work purposes only supplement” limiting us to a bull crap status. How can this blatant slap in out faces be tolerated any more. We were given peace officer status to stop us from organizing and striking due to the disgraceful treatment of us and at the same time a work purpose only supplement attached to just Wyatt officers so admin could sleep better at night knowing we couldn’t carry fire arms and possibly embarrass the facility in a off work incident! I mean it’s not like we do anything dangerous like house federally dangerous detained individuals that we run into constantly on the streets. This is the absolute disrespect this facility regards us as. What happens if one of us our children gets hurt or killed because of a disgruntled former detainee? Do you think Fair or his cohorts will care? Probably not, Mr. Fair will still be double fisting cigarettes on his park bench like a real professional. Hey Mr. Fair why don’t you just ash your cigarette on my face. I mean that’s what you’re doing to all of us when you sit on the bench in front of the public like a tacky carvone. Who the hell double fists two cigarettes I guess that’s what 250,000 a year buys you these days. But the question is why was this peace officer supplement ratified so easy? Maybe because Wyatt’s legal counsel is Peg Lynch-Gadoleta the sister of attorney general Patrick Lynch. And for those of you who don’t know the attorney general has the last say in peace officer status and right to carry issues. But friends it gets even better mayor Moreau even hired Patrick Lynch’s girlfriend Cynthia Stern for a two hundred an hour spokesman job at Wyatt. But due to investigations into this good ole boys crap Miss Stern currently doesn’t work for Wyatt anymore. And yet it gets even better. In 2004, after two years working for Lynch at the A.G.’s office, Stern went to work at RDW Group, a public relations firm. RDW’s CEO is Mike Doyle, who was one of the founding conspirators to earn profit from a prison in Central Falls. RDW employees have donated over $10k to Lynch since 2004. After revelations that an investigation is underway regarding Moreau paying $2 million of taxpayer dollars to his friend (for about $100,000 worth of boarding up houses)... Cynthia Stern quit working for Mayor Moreau. Because the mayor is the de facto chair of the Wyatt, she also quit working for the Wyatt. Stern went back to work for RDW Group. Gee no conflict of interest there, what a caldron of gangster snakes. [ Post a Reply to This Message ] Replies: Re: Absolute shame. -- twinz (happy), 20:10:28 02/17/11 Thu Re: Absolute shame. -- Serene Branson KCBS (Confused), 11:36:47 02/19/11 Sat Subject: Time for the truth Author: FromRIFUTURE.ORG [ Edit | View ] -------------------------------------------------------------------------------- Date Posted: 20:40:35 02/14/11 Mon -------------------------------------------------------------------------------- What You Didn't Know About the For-Profit Wyatt Prison in CF... Posted by: Bruce Reilly in Crime & Criminal Justice on January 14, 2011 Print PDF My last post on the Wyatt (responding to a potential state takeover) generated a number of inquiries about this privately-owned prison in Central Falls, RI. I realize it is time for another installment of information. What is Wyatt? From their own website: “The Donald W. Wyatt Detention Facility, located in Central Falls, RI, is operated by the Central Falls Detention Facility Corporation, which was created by the Rhode Island General Assembly in June 1991 to design, build, and manage the first publicly owned and privately operated detention facility in the Northeast. It is a quasi-public detention facility designed to function as an economic engine for the city of Central Falls and the state of Rhode Island.” The Wyatt is NOT publicly owned, although the mayor appoints the corporate board. It is owned by private bondholders whose repayment, by corporate decree, come before anything else (including operating costs). Anyone who believes the Board of Directors owns a company might want to run that by the investors with stock/bond certificates. It is, however, publicly funded. All of their revenue comes from tax dollars paying to hold prisoners. Wyatt is going bankrupt. This prison, like many privately-owned prisons, was a financial scheme worthy of a credit default swap or any other esoteric Wall Street chicanery. It has been losing $5 - $10 million per year since the expansion and refinancing. The building itself is worth under $90 million and depreciating, while the corporation owes $141 million of interest on $101 million in debt. That’s right, they are paying 140% interest on the loan. If someone bought a car listed at $10,000, but took out a loan that came out $24,000, they would be considered an idiot, but that’s the difference when one is playing with someone else’s money. And keep in mind: it is the taxpayers who are paying the interest. Not a bad loan to own, ay? According to Receiver Judge Pfeiffer’s report (p.56), the prison has lost money every year since the expansion and is in technical default on its bonds. Two years ago when the mayor proposed selling Wyatt to private prison mega-corporation CCA, the land and prison were independently assessed at $45 million. Why the Expansion in 2005? The expansion and refinancing of the original bonds was an opportunity to make millions for some individuals, while delaying the collapse. Original bondholders now had the money to “cash in” as the corporation took out a fresh batch of new money. The expansion allowed middlemen and construction people to cash in, with everyone getting a small bite from over $100 million. A project coordinator can easily explain 10% of costs going their way, and Anthony Ventetuolo explained that his 2% off the top is totally normal. The refinancing also created a “rainy day” fund, to make bond debt payments when the income is not flowing; it is a way of concealing the income not flowing. This fund is done. Consider that the 1992 bonds were a total of $30 million. The 2005 bonds were $106 million, including fees, and yet the prison did not even double in size. Who Manages the Money? Cornell (Cox) Corrections were dismissed when the new cash flow came in with the expansion/refinancing, and Anthony Ventetuolo took over under the name of AVCORR. Ventetuolo was a founding partner in the deal to win a bid and build a prison for the Bureau of Prisons to use in Southeastern New England. He was a highly paid consultant by the Corporation, and made over $1 million just during the expansion. AVCORR took over the prison when the new money flowed. What’s in it for Central Falls? The original reason Rhode Island authorized these capitalists to make an investment in public human suffering is because it was believed to be a revenue stream for the local municipality. Sounded good at the time to the Legislature. This revenue is theoretically coming from discretionary “City Impact Fees.” The fees have not been paid in several years, and the bondholders threatened to file suit against the Corporation if they pay the City prior to paying their bonds’ principal and interest. Is a City Impact Fee the same as “revenue”? It is called a “Fee,” which is something you pay for a service. In this case, it is absolutely discretionary. What service does Wyatt get? I call on my public management gurus to help answer that, but there are services like water and sewage that add up to real costs. The Corporation is tax exempt, as well. And if the City Impact were merely $1000 per day (A conservative estimate for a place holding over 1,000 people. prisoners and employees), that adds up to over $6.5 million since the Wyatt was built in 1992. The Corporation has paid Central Falls $2 million over the past 8 years (I am unsure how much, if any, was paid prior). Would you call that “revenue?” Has Anyone Investigated This Corporation? Yes. The bondholders themselves realize they are caught holding the bag and somebody is dipping in, which only makes it worse. In 2008 they called for an independent audit, and hired Michael Fair. The auditor released a report in 2009, and found serious “financial control deficiencies.” Considering Arthur Anderson was the original auditor of Wyatt under the Cornell Corrections regime, one can only guess how it used to be. Naturally, every corporation tries to avoid a scandal and would prefer to deal with things privately. This one has close ties to Attorney General Patrick Lynch (2002-2010), who never threw the book at anyone involved with the Corporation, and hired his sister as their legal counsel. The bondholders threw Ventetuolo out in 2009 (I am not aware of any pending charges) and hired Michael Fair to run the operation on an interim basis. It is worth noting that Patrick Lynch recused himself regarding the investigation of Mayor Moreau in other matters. Considering the power Moreau wielded in appointing the Board of Wyatt over the years, Lynch basically recused himself from the Wyatt. How is the Corporation Connected to Central Falls’ Bankruptcy? The Central Falls smokestack blew, just prior to the 2010 elections. I’m not sure entirely how the prison and the city are intertwined, except that the mayor has power to appoint all of The Corporation’s local board members. This mayor, Charles Moreau, is the same man who was using the city tax dollars to pay his friends $10k to board up foreclosed properties. If that is any indication, there are any number of rocks to look under to “follow the money.” In a small state like Rhode Island, it is understandable for a mayor, police chief, judge, and state attorney general to be chummy. It doesn’t mean that corruption is evident; it only calls into question the capacity of anyone to have independent oversight and investigation. It is not surprising that the Receiver of Central Falls, Judge Pfeiffer, tossed the mayor aside and is now talking about Wyatt. It is suspicious that he sees the state bailout of Wyatt to be a good thing in any way… except to bailout the bondholders. The bottom line is that the Wyatt Corporation is going under, and not just because we have more prison cells than prisoners in America, due to a glut of investment. It is because one should anticipate graft and mismanagement from any endeavor that lacks a Buyer/Seller balance of power, one that involves taxpayer funds, and is an industry that feasts on social degradation. Cornell Corrections has since been swallowed up by another prison profiteer, Geo Group, as the entire industry is under strain. Mergers often indicate an excess of capital, which is clearly the case for those who banked on a prison planet. It is a sad industry that pays millions of dollars to lobbyists, to both D.C. and the state capitols... to push for more product: People in Prison. Anyone wishing to understand Wyatt, particularly who may have decisionmaking power in this process, should first read: 2008 Audit Report Massachusetts Inspector General Report on Wyatt’s sister-prison Harvard Design School study of Wyatt An investment banker’s expose on Wyatt (partner in the firm) Corporation’s Indenture of Trust Agreement The Central Falls Detention Facility Corporation named their prison the Donald Wyatt Detention Center, after a federal administrator. To learn more about what happens inside the prison, there are several enlightening court cases. Tagged in: wyatt , RI Port Authority , Rhode Island , Private Prison , Patrick Lynch , lease revenue bonds , Judge Pfeiffer , GEO , Frechette , EDC , Cornell , Charles Moreau , CFDFC , Central Falls , bonds , bankruptcy , audit [ Next Thread | Previous Thread | Next Message | Previous Message ] |
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