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Bronx Politics and Community events
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You Should Know that the week of Monday, September 19th to Monday, September 26th, I will be visiting the Dominican Republic, accompanied with a delegation of 20 Ministers, members of The New York Hispanic Clergy Organization.
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Student Pathways Lays Strong Foundation for All NYC Public School Students, Creating Pathways to Rewarding Careers and Long-Term Economic Security
Initiative Includes Historic Public-Private Partnership Dramatically Expanding Career-Connected Learning and Opens up Apprenticeships for 3,000 NYC Students at Some of NYC’s Largest Employers
New York City Mayor Eric Adams and New York City Department of Education (DOE) Chancellor David C. Banks today announced the Career Readiness and Modern Youth Apprenticeship (CRMYA) program that will connect 3,000 students across more than 50 schools with paid multi-year apprenticeships. The program will place approximately 500 students in apprenticeships at companies focused on New York City finance, technology, and business operations by the end of 2023 and student apprentices will earn between $15 and $25 an hour as an entry level wage. CRMYA is part of Student Pathways, a historic expansion of career-connected learning opportunities for New York City public school students. The Pathways initiative is focused on putting each student on a path to a rewarding, engaging career, as well as financial independence and long-term economic security — the North Stars of the Adams administration.
"Passion and purpose are key ingredients to put our students on a path to prosperity and success,” said Mayor Adams. “Classroom learning plays an important role, but our students have so much to gain from real world, hands-on experience. Combined with the fact that too few of our kids graduate without plans for employment or further education, internships and apprenticeships are a critical tool to ready our young people for success. The Student Pathways to Economic Security Initiative will provide students with the tools to develop their interests and put them on a road to financial independence, while connecting some of our largest employers to the next generation of leaders. Thank you to the New York Jobs CEO Council, JPMorgan Chase, Accenture, CareerWise New York, Robin Hood, and Bloomberg Philanthropies for not only supporting this work, but for stepping up to support New York City's workforce of tomorrow."
“This is a historic expansion of career connected learning that highlights the strength and importance of public-private partnerships,” said Deputy Mayor for Strategic Initiatives Sheena Wright. “The Adams administration is committed to ensuring every New York City student graduates high school with a path that leads to financially secure and independent lives.”
“Student Pathways is central to our bold vision for the future and sets us toward an ambitious goal: Providing each student with a clear pathway to and preparation for a rewarding career and long-term economic security,” said DOE Chancellor Banks. “This work will give our students access to real world work experience, important professional skills, a strong college and career plan, and early college credits or industry credentials. All our young people should be prepared to set forth on a path that appeals to their passions and supports their aspirations. This initiative will benefit our students in communities that have historically been denied these opportunities, giving them earlier and expanded access to career-connected learning. What our children can achieve is unlimited if we help them activate their passion and purpose, giving them an onramp into the 21st century economy.”
“New York has a history of viewing challenges as opportunities and today continues that tradition,” said Abby Jo Sigal, executive director, Mayor’s Office of Talent and Workforce Development. “The Student Pathways Initiative aligns resources and mobilizes champions from the public and private sectors to transform how we, as a city, develop and position talent so that all our students enjoy lifelong career success, our employers thrive, and everyone benefits from a prosperous New York City economy.”
“With today’s announcement, Mayor Adams and Chancellor Banks have taken a crucial step to bridge the distance between classroom and career,” said David Fischer, executive director, Mayor’s Office of Youth Employment. “Working closely with our partners in the private sector and philanthropic community, the administration will continue to build pathways toward career success and economic security for every student.”
“Early exposure to the workplace and hands-on industry experience increases career and college readiness and puts students on a path to success," said Jamie Dimon, executive chair, New York Jobs CEO Council; chairman and CEO, JPMorgan Chase. "We are using the collective power of the Jobs Council to ensure that all students in New York City — no matter their background — get a fair shot and are prepared for the jobs of the future. It’s good for business and good for society.”
“Apprenticeships and skills training give students real-world experience that helps put them on the path to success and prepares them to secure good jobs,” said former New York City Mayor Michael R. Bloomberg. “Those programs also help connect employers to talented young people at a time when many companies are struggling to fill vacancies. Bloomberg Philanthropies has been working with cities, states, and companies around the country to create more of these kinds of opportunities — and we’ve seen a lot of promising results. It’s great to see New York City bringing people together to give more students a jump start on their careers, and our foundation is glad to support the effort. It’ll help build a brighter future for the students taking part, and for our city.”
This initiative and its affiliated programs are made possible by transformative public-private partnerships with businesses in collaboration with the New York Jobs CEO Council, which has already secured more than 1,000 CRMYA apprenticeships, supported by CareerWise New York. Bloomberg Philanthropies is also providing a major investment to the Fund for Public Schools to support this initiative — contributing $8 million to this program and expanding career-connected learning over the next two years, reflecting their work across the country.
The CRMYA is one of two key investments in Student Pathways. FutureReadyNYC — the second of the Pathways pilot programs — gives participating New York City public high school students access to career exploration in high-growth fields, including health care, technology, business, and education. This school year alone, more than 30 high schools will participate in the program, reaching approximately 5,000 students. The program gives students access to a reimagined educational experiences with the chance to receive early college credits and industry valued credentials, dive into opportunities for career connected coursework and work experiences, and support in building personalized college and career plans. FutureReadyNYC also lays the foundation for expanded Career and Technical Education (CTE) programs.
Across these two initial programs, Student Pathways will ensure that — over the course of the next three years — students citywide will be able to engage in and benefit from career-readiness and college-readiness preparation before they leave high school.
"Apprenticeships are opening
“The Career Readiness and Modern Youth Apprenticeship Program benefits both students and businesses, building a competitive workforce that is reflective of our community,” said Kiersten Barnet, executive director, New York Jobs CEO Council. “This partnership with New York City public schools is a natural extension of our CEOs’ commitment to scaling inclusive and market-driven workforce development solutions that advance the economic prosperity of New Yorkers that have historically faced career barriers.”
“The focus of the mayor and chancellor on preparing all students for a successful career is welcome news,” said Kathryn Wylde, president and CEO, Partnership for New York City. “There are over 275,000 open job postings in New York City, with a severe shortage of job candidates who have the skills to fill them. Student Pathways will go a long way toward closing that gap.”
“Amazon has for many years been helping our employees as well as students across the country gain the skills they need to take on new opportunities,” said Andy Jassy, CEO, Amazon. “As part of that important work, we’re excited to support the expansion of the Student Pathways to Economic Security Initiative, and to provide students in New York City the opportunity to gain critical workplace experience through paid apprenticeships at Amazon.”
“New York City schools have diverse and ambitious students that have great potential to succeed in very demanding careers,” said Barbara Chang, executive director, CareerWise New York. “Youth apprenticeship is an integrated approach where industry and schools work together and where businesses have a direct role in developing workforce talent, ensuring that students from all walks of life learn the skills to thrive in the jobs of today and tomorrow.”
"CTE programs make education real,” said Michael Mulgrew, president, United Federation of Teachers. “They give students a vision of their future — tangible and within their reach. FutureReadyNYC and the Career Readiness and Modern Youth Apprenticeship expand on what we know works and will allow more students to take their first steps into meaningful careers,"
“CUNY is proud to partner with the Mayor’s Office and the New York City Department of Education in building a 21st century college and career pathway that enables public school students to align their studies with their career aspirations,” said The City University of New York (CUNY) Chancellor Félix V. Matos Rodríguez. “This is an outstanding opportunity for CUNY to reach students at an earlier age and provide them with next steps as they lay the foundation to build meaningful and rewarding careers. We applaud Mayor Adams and Chancellor Banks for recognizing the important role of early college credits and career-connected learning in expanding access for all students.”
“This critical expansion of career-connected learning will meaningfully shift the way New York City prepares our students for rewarding careers and long-term economic security,” said Stephen Cockrell, interim chief executive officer, Fund for Public Schools. “The Fund for Public Schools is deeply grateful to Bloomberg Philanthropies and all of our philanthropic partners that are helping drive this work forward.”
"Hands on experience and building connections are tools that will help New York City students thrive after graduation,” said New York City Comptroller Brad Lander. “There's no better way than investing in our young people to help ensure a strong future for New York City businesses and economy. The Career Readiness and Modern Youth Apprenticeship program will offer exciting opportunities, relationships, and support to help students gain the experience and connections they need to succeed in the New York City of the future."
“Every child is gifted and talented and destined for success, but they need the access and opportunities to succeed,” said Bronx Borough President Vanessa L. Gibson. “The Career Readiness and Modern Youth Apprenticeship program will ensure thousands of students across the city get hands-on paid experiences in various fields and explore potential career opportunities. Great things happen through public-private partnerships and I hope we will continue to see initiatives like these that work to ensure equity and that our youth receive the very best. I want to thank Mayor Adams, Chancellor Banks, the New York Jobs CEO Council, JP Morgan Chase, Accenture, CareerWise New York, and Bloomberg Philanthropies for their investment in our youth and our communities.”
William Sadleir Used Stolen Funds to Purchase a $14 Million Beverly Hills Mansion
Damian Williams, the United States Attorney for the Southern District of New York, announced that WILLIAM SADLEIR was sentenced by U.S. District Judge Paul A. Engelmayer to six years in prison for his participation in two fraudulent schemes relating to investments made by a New York-based investment fund (the “Fund”) in Aviron Pictures, LLC and its affiliated entities (collectively, “Aviron”). Sadleir previously pled guilty to two counts of wire fraud, one relating to each of the schemes.
U.S. Attorney Damian Williams said: “William Sadleir portrayed himself as a successful Hollywood mogul, but behind the scenes he engaged in brazen and calculated schemes to defraud a New York investment fund out of over $30 million using a fake company, fake documents, and even a fake identity. Sadleir went so far as to masquerade as a female advertising executive on maternity leave as part of an effort to cover up his crimes. Today’s sentence holds Sadleir accountable for his crimes, and sends a message that there will be no happy ending for executives who defraud their investors.”
According to the Complaint, Indictment, and other court filings:
The Fund is a publicly traded, closed-end investment fund. Shares in the Fund trade on the New York Stock Exchange. As of in or about December 2019, the Fund had approximately $649.1 million in assets.
WILLIAM SADLEIR was the chairman and chief executive officer of Aviron, and oversaw its operations from in or about 2015 until in or about December 2019. Aviron participated in the distribution of a number of films in the United States, including My All American (2015), Kidnap (2017), The Strangers: Prey at Night (2018), A Private War (2018), Destination Wedding (2018), Serenity (2019), and After (2019).
SADLEIR engaged in two fraudulent schemes relating to an approximately $75 million investment made by the Fund in Aviron.
In one of the schemes (the “Advertising Scheme”), SADLEIR misappropriated millions of dollars that the Fund had invested in Aviron. SADLEIR represented to the Fund that Aviron had invested this money in pre-paid media credits with the advertising placement company MediaCom Worldwide (“MediaCom”), which is a subsidiary of the advertising and media agency GroupM Worldwide. Instead, using the bank account for a sham entity he had created, SADLEIR illicitly transferred over $25 million of those funds out of Aviron. Specifically, SADLEIR created a sham New York-based company called GroupM Media Services, LLC (the “Sham GroupM LLC”) designed to appear to be the legitimate entity, GroupM Worldwide, and a corresponding bank account in the name of that sham entity. SADLEIR then used a significant portion of those illicitly transferred funds for his personal benefit, including to purchase a private residence in Beverly Hills for approximately $14 million. SADLEIR then falsely represented to the Fund that Aviron had purchased an approximately $27 million balance in pre-paid media credits with MediaCom that were available to promote future Aviron films, and pledged a portion of those credits to the Fund as collateral for additional loans. But the claimed credits did not exist. As part of his false representations, SADLEIR also created a fake identity of a purported New York-based female employee of the Sham GroupM LLC named “Amanda Stevens,” who corresponded with a representative of the Fund, assuring the Fund that Aviron had an approximately $27 million balance in pre-paid media credits with the Sham GroupM LLC. But SADLEIR himself posed as Amanda Stevens when engaging in email exchanges with a representative from the Fund, and in that role sought to evade questions about his fraudulent conduct by claiming, among other things, that “Amanda Stevens” (Sadleir) was on maternity leave.
In the other scheme (the “UCC Scheme”), SADLEIR engineered the illicit and fraudulent sale and refinancing of assets worth over $3 million that secured the Fund’s loans to Aviron. The Fund had secured its investment in Aviron by, among other means, obtaining UCC liens in 2017 and 2018 on certain intellectual property and other assets relating to Aviron’s films. In 2019, SADLEIR used the forged signature of one of the Fund’s portfolio managers on releases to remove the Fund’s UCC liens on certain of these secured assets. SADLEIR did so in order to sell or refinance the assets without the Fund’s consent, thus depriving the Fund of its collateral on outstanding loans. Aviron ultimately defaulted on those loans.
Prior to serving as chairman and chief executive officer of Aviron, SADLEIR held senior leadership positions at a variety of businesses, and early in his career served as a special assistant and director of presidential appointments and scheduling to a sitting U.S. president.
SADLEIR, 68, of Beverly Hills, California, pled guilty to two counts of wire fraud before Judge Engelmayer on January 20, 2022.
In addition to the prison term, Judge Engelmayer sentenced SADLEIR to three years of supervised release, and ordered SADLEIR to pay $31,597,000 in forfeiture and restitution.
Mr. Williams praised the work of the Federal Bureau of Investigation. He also thanked the Securities and Exchange Commission for its cooperation and assistance in this investigation.