Did the Late Financier Frank Pearl Commit a Fraud on his Creditors?


The tweet above came after I read a gobsmacking Washington Post story today which reported that the estate of venture capital big Frank Pearl, who died last May, is being accused by creditors–including big banks and even his former companies of refusing to pay obligations and legitimate debts. Plaintiff’s documents suggest they believe that in 2009 and 2010 Pearl may have falsely certified that his personal assets totaled $400 million dollars. Yet, as of September 2012, the Frank Pearl Estate claims assets of only $302,480.70 (that’s hundreds of thousands of dollars, no longer hundreds of millions.) Claimants also suggest that Pearl, an international financier, art and antiques collector, and philanthropist, arranged his affairs such a way that his obligations are not being paid. His widow Geryl is his sole beneficiary. Major law firms are involved and this is looking like something that could go on for months, if not years. Perseus Book Group, which includes Basic Books and Public Affairs, is one of the companies Pearl left behind. I recommend you read reporter Thomas Heath’s fairly startling story.

Today’s Stupid and Cruel News–All Encountered Before 9:30 AM

In stupid and cruel news–

I hope the day gets better after this.

Andrew Pochter, 21 Years Old, RIP


Amid the sadness over the murder of one young man, Trayvon Martin, I’ve also been terribly saddened by the violent death of another young man, Andrew Pochter, who went to Egypt to try and do some good. Reporter Karen Tumulty chronicled the story in the Washington Post:

“Andrew Pochter, a 21-year-old Kenyon College student from Chevy Chase, Md., was stabbed to death on June 28 during anti-government protests in Alexandria, Egypt. Pochter, a bystander to the demonstrations, was in Alexandria on an internship for a non-profit organization to teach English to Egyptian 7- and 8-year-olds. His family said the young man ‘went to Egypt because he cared profoundly about the Middle East. He had studied in the region, loved the culture, and planned to live and work there in the pursuit of peace and understanding.’
Pochter’s compassion and his determination to make a difference had begun much closer to home. For most of the past five summers, starting when he was 16, he had volunteered as a counselor for a program called Camp Opportunity. It is a weeklong sleepaway camp for at-risk children, aged 6 to 12, from the Baltimore area.
Each camper is assigned his own counselor, and the relationship continues each year. In June, Andrew Pochter’s camper had turned 12, and was moving on from the program. Unable to attend the ‘graduation’ picnic, Pochter sent the child a letter—one that summed up the way he was living his own life, and what he hoped to have passed along. It was read by Andrew’s sister Emily at Pochter’s funeral on Friday (text of Pochter’s letter is below):”
Andrew Pochter letter

#FridayReads–Lee Child’s “Bad Luck & Trouble” & Gerard Helferich’s “Theodore Roosevelt & the Assassin”

#FridayReads, July 12–Bad Luck and Trouble is a deceptively simple thriller that I found compelling throughout. Only the second Jack Reacher novel I’ve read, I’m finding these books are real easy to get hooked on. Reacher is a very interesting character, a drifter and loner, he’s an unconventional investigator–actually more of a crusader for justice and decency than a typical problem solver, a real knight errant, as many of the best protagonists are in suspense fiction.

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Just picking up a galley of a fall title, Theodore Roosevelt and the Assassin: Madness, Vengeance, and the Campaign of 1912, that was sent to me by my friend, and long time Carroll & Graf colleague, Keith Wallman, who is now Senior Editor at Lyons Press. He’s been signing up great narrative nonfiction there, and this book on the failed attempt on Teddy Roosevelt’s life, in the midst of a presidential campaign, is a too-little known historical drama. Author Helferich is himself a former publishing executive who worked at Doubleday, S&S, and Wiley before becoming an author. I’m just getting started on this one, but I already like how it begins–with a map showing the separate but intertwining travels of candidate Roosevelt and his maniacal pursuer, a Manhattan saloonkeeper named John Flammang Schrank, over the summer of 1912, when Schrank stalked the man he crazily believed was going to leave the USA open to foreign invaders.

 

Appreciating Russell Hoban with his Daughter Phoebe and other Writers

Turtle DiaryLast Monday night Kyle and I went to McNally Jackson Books in lower Manhattan to celebrate New York Review of Books Classics‘ reissue of Russell Hoban’s Turtle Diary. I wrote about Hoban and the book soon after he died in December 2011, and mentioned then that the novel–my favorite among his many great books–was slated for reissue. The new edition has an introduction by novelist Ed Park, who was joined at the bookstore in discussion by novelist John Wray, translator and editor Damion Searls; and Phoebe Hoban, journalist, biographer of painters Basquiat and Alice Neel, and daughter of the novelist. Each panelist read from Hoban’s work–Park and Wray offering selections from Turtle Diary; Searls from Hoban’s children’s book classic, Bread and Jam for Frances; and Phoebe from an essay collection of her father that I believe was titled True North, and from eulogies read at his memorial in 2012. She made an interesting point about the many transitions her father experienced in his life and career. With his first wife Lillian, Phoebe’s mother, he moved his whole family from New York City to London; he evolved from writing children’s books exclusively to writing adult novels and kids’ books; and he evolved from being one of a cadre of Jewish-American novelists in a generation that included Malamud, Bellow, and Roth, to living amid a wholly new literary milieu in London.

Below are pictures from the discussion at McNally Jackson. If you enjoy Hoban’s work, I suggest you read my memorial post from January 2012.

Inmate Journalists and the Truths Their Books Reveal About Prison Life

July 24 Update: Wilbert Rideau, whom I wrote about below, recently published an Op-Ed in the NY Times, “When Prisoners Protest.”
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As indicated by my mini-barrage of tweets yesterday, I was pleased to read in  this NY Times article that Angola Prison in Louisiana recently provided historical materials and artifacts to the Smithsonian’s National African American Museum of History & Culture, to be located on the National Mall in Washington, D.C.  Curators plan to actually rebuild a guard tower and inmate cell as an exhibit in the museum. Patricia Cohen’s story also examines Angola’s fraught racial history, in which it served as a kind of instrument for Jim Crow-era justice. More recently, prison officials have shown a willingness to let its record be examined, certainly more than similar penal institutions, opening a museum just outside their gates and working with the Smithsonian. I know about Angola Prison because inmates there publish an excellent newspaper called The Angolite that has won national media awards. Its editor-in-chief was Wilbert Rideau, an Angola inmate whose first trial led to a conviction and death sentence for his role in a robbery that led to the death of a bank teller. He spent eleven years on Death Row. In subsequent trials his capital sentence was reduced to life in prison. In 1975 he began working on The Angolite. In 1992, he and fellow inmate editor Rob Wikberg published Life Sentences: Rage and Survival Behind Bars with Times Books at Random House, where I began working five years later, in ’97.AngolaLife Sentences back cover

One of the first titles I acquired after arriving at Times Books–a book to which William Styron would then contribute a powerful Introduction–was Dead Run: The Shocking Story of Dennis Stockton & Life on Death Row by Joe Jackson and William F. Burke. Protagonist Stockton was a convict on Death Row in Virginia, who kept a diary in the run-up to the mass escape of six fellow inmates. His diary became a source to Dead Run co-author Burke, then a reporter at the Norfolk Virginian-Pilot. Thus, Stockton became a kind of inmate journalist, or as is said now, a citizen journalist. Because Life Sentences, drawn largely from the files and pages of the Angolite, had already sold well–I got the copy photographed below in ’97, with a copyright page which shows that even then the title had already gone through seven printings–my senior colleagues gave the nod to me acquiring Dead Run with alacrity. It received many prominent endorsements and reviews, including one in The Angolite (“Unlike other books by inmates, employees, or outsiders, Dead Run provides an authentic verified, objective view of the prison world.”). It sold pretty well in hardcover (selling about 8,000 copies) and Walker & Company published it in trade paper, with a great jacket (below). I chronicled the story of how I got Styron involved in championing the book with me in an essay I published in the BN Review, almost two years ago. The writing and publication of that personal essay led directly to my decision to create a personal blog, what became The Great Gray Bridge. The day before Halloween in 2011, I titled one of my first posts My Encounter with William Styron.Dead Run backDead Run inside frontDead Run front

In 1993 LIFE magazine had dubbed Wilbert Rideau “the most rehabilitated prisoner in America.” By then, he had already served longer than any comparable Angola inmate. He was finally released in 2005, after 44 years of incarceration, following a fourth trial in which he was judged guilty of manslaughter. His sentence on that conviction was 21 years, far less than what he’d already served.  Upon his release Rideau set out to write a memoir. Then Executive Editor with Carroll & Graf of Avalon Publishing Group, and known for publishing prison titles, I was on the submission list of possible acquiring editors for his representative, Washington D.C. attorney Robert Barnett.  Offered the opportunity to meet with Wilbert during his face-to-face publisher meetings, we did invite him to our 17th Street office in Manhattan’s Chelsea neighborhood. I recall that Wilbert came with his co-writer/partner Linda LaBranche. I found him a calm and self-possessed man, with a quick wit and an eagerness to meet my eye. I remember proudly telling Wilbert that one of the main reasons I had begun acquiring, editing, and publishing prison books, and books about miscarriages of justice, and plights of the wrongfully accused, was because of the early success of his first book, Life Sentences

We did bid for the rights to Wilbert’s book, putting together what was for Avalon a rather aggressive offer, but it was unavailing. Knopf got the book and in 2010 they published In the Place of Justice: A Story of Punishment and Deliverance. I see that it’s available in trade paper, ebook, etc., and got great reviews. Next to the cover is a photo of Wilbert flanked by Robert Barnett and Ted Koppel. Other important works that Wilbert has created, or cooperated in the creation of, include “The Farm,” for which he was co-director, and independent radio producer David Isay’s portrait, “Tossing Away the Keys.”In the Place of Justice Rideau, Barnett, Koppel

Please note: All the book links in this blog post are live and go to the website of Powell’s Books in Portland, Oregon, if you want to buy Life SentencesDead Run, or In Place of Justice. Under an arrangement I’ve made with Powell’s they return a portion of your purchase price to help me maintain this website. 

#FridayReads, July 5–Amy Grace Loyd’s “The Affairs of Others,” & Jaime Joyce’s Longform Report, “Burn”

IMG_0733IMG_0734#FridayReads, July 5–The Affairs of Others, Amy Grace Loyd’s novel of domestic manners set in a Brooklyn widow’s small apartment house where residents become much more to her–and readers–than mere tenants. I made this part of my #FridayReads last week, and continued enjoying it this holiday week, finishing the book a couple days ago. I relished Loyd’s mesmerizing sentences, many of which begged to be read out loud, with a plot that I knew from the Editor’s Buzz panel at BEA would explore the the sensual and erotic. There was great restraint in the writing, and characters I came to really care for, like the resident of the top floor, Mr. Coughlan, a longtime ferryboat captain in NY Harbor. I have lived in a NYC apartment building for more than 20 years with lots of strange neighbors, so the subplots and side characters in the book were very real to me, and remain so having finished it. No spoiler here, but I’ll say it ends, as great works of art sometimes do, with a memorable meal. The novel by Loyd, who is the fiction editor of byliner.com, will be out in early September.

I’ve now moved on to read the timely piece of narrative nonfiction, “Burn” by reporter Jaime Joyce. It’s on the 1990 Dude Fire in Arizona, where professional firefighters and inmates from a nearby prison risked their lives in confronting the dangerous blaze. “Burn” is published on a new website collecting longform journalism called The Big Roundtable, where I am a reader participating in their process of selecting new stories.  The Big Roundtable is the brainchild, in part, of Michael Shapiro, a professor at the Columbia Graduate School of Journalism, and an author whose book, Solomon’s Sword: Two Families and the Children the State Took Away, I edited some years ago.

Celebrating Canada Day by Recalling My Canadian Vacations

To celebrate Canada Day, I’ve scanned two photos I took during Canadian road trips some years ago, and posted them here. The lefthand image is from Peggy’s Cove, Nova Scotia, from when I was there in 1988. The other is of Roche Percé, the amazing pierced rock, from a visit to Quebec’s Gaspé Peninsula earlier in the ’80s. These were just two of the many vacations I’ve enjoyed in Canada, from Gros Morne National Park on the west coast of Newfoundland to the Cabot Trail on Cape Breton Island, to the Saguenay fjord in Quebec, to Niagara-in-the-Lake in Ontario, countless visits to Toronto, and an unforgettable train journey across the country that began in Vancouver. I say Happy Birthday to all my precious Canadian friends–you live in a very beautiful country, always close to my heart! Canada DayCanada Day 3