Monday, November 21, 2022

Founder And Former Chief Investment Officer Of Infinity Q Pleads Guilty To Securities Fraud

 

James Velissaris Inflated the Values of Numerous Positions in the Investment Funds Managed by Infinity Q and Falsified Documents to Infinity Q’s Auditors and the SEC in order to Hide the Fraud

 Damian Williams, the United States Attorney for the Southern District of New York, announced that JAMES VELISSARIS, the founder and former chief investment officer of Infinity Q Capital Management (“Infinity Q”), a New York based investment adviser that ran a mutual fund and a hedge fund that purported to have approximately $3 billion in assets under management, pled guilty to securities fraud.  VELISSARIS made false and misleading statements to investors and others concerning Infinity Q’s process for valuing certain over-the-counter (“OTC”) derivative positions that made up a substantial portion of the holdings of the mutual and hedge funds and also fraudulently mismarked those securities in ways that did not reflect their fair value.  VELISSARIS committed the mismarking scheme in order to inflate the value of the investment funds as reported to investors, to attract and retain capital, and to increase his own compensation.  In order to avoid detection of the scheme, VELISSARIS provided both Infinity Q’s auditor and the Securities and Exchange Commission (“SEC”) with falsified or altered documents, including providing the auditor with altered term sheets that served to provide fabricated support for the fraudulently inflated values.  Today’s plea was taken by U.S. District Court Judge Denise Cote.

U.S. Attorney Damian Williams said: “Today’s guilty plea demonstrates this Office’s resolve to pursue even the most sophisticated of financial crimes.  James Velissaris thought he could get away with mismarking some of the most esoteric derivative products on Wall Street by manipulating sophisticated financial models and computer code.  This case has exposed that fraud and shown that Velissaris lied to his investors in order to line his own pockets with inflated fees.  Velissaris will now be held accountable for his actions.”

According to the allegations contained in the Indictment, other publicly available information, and statements made in court:

Background

VELISSARIS was the founder and chief investment officer of Infinity Q, an investment adviser that ran both a mutual fund (the “Mutual Fund”), started in about 2014, and a hedge fund (the “Hedge Fund,” and collectively the “Investment Funds”), started in about 2017.  As of 2021, the two funds purported to have approximately $3 billion in assets under management.  Infinity Q was headquartered in New York, New York, and employed a small staff, including a chief compliance and chief risk officer (“Employee-1”). 

A major component of both the Mutual Fund and the Hedge Fund’s holdings were over-the-counter (“OTC”) derivative positions that involved customized contracts that allowed the counterparties to take positions on the volatility, or price movement, of underlying assets or indices.  VELISSARIS, through Infinity Q, represented to its investors that it valued these OTC derivative positions based on fair value, and that in order to do so, it utilized the services of an independent third-party provider.  In particular, Infinity Q represented to investors and other stakeholders that it used Bloomberg Valuations Service (“BVAL”) to independently calculate the fair value of these positions, in accordance with the terms of the underlying derivative contracts.  These OTC derivative positions comprised hundreds of millions of dollars of the Investment Funds’ portfolios.   

VELISSARIS’ Scheme to Lie to Investors and Inflate Derivative Swap Positions

In fact, however, VELISSARIS defrauded Infinity Q’s investors by taking an active role in the valuation of Infinity Q’s positions and by modeling the positions in ways that were not based on the actual terms of the underlying contracts and were inconsistent with fair value.  VELISSARIS’ input into the BVAL valuation process was inconsistent with Infinity Q’s representations about the independence of the process and allowed VELISSARIS to fraudulently mismark positions in BVAL.  VELISSARIS engaged in the mismarking of positions in BVAL by making false entries in BVAL’s system including by secretly altering the computer code employed by BVAL that caused BVAL to alter and disregard certain critical terms.  Altering and disregarding terms in this fashion caused BVAL to report values that were artificially inflated and, often, much higher than fair value. 

By manipulating OTC derivative positions in BVAL in this way, VELISSARIS caused numerous positions in the Investment Funds to have anomalous and, at times, impossible valuations.  For example, at times, VELISSARIS made manipulations in either the Mutual Fund and/or the Hedge Fund that caused certain identical positions that were held by both the Mutual Fund and the Hedge Fund (namely, a position where all the material terms are the same) to have substantially divergent values.  In other cases, some of VELISSARIS’ manipulations caused certain positions held by the Investment Funds to have impossible values, such as where, under the true terms of the swap, the value adopted by VELISSARIS could only be true if volatility were negative – a condition which is mathematically impossible.

Ultimately, after VELISSARIS’ mismarking scheme was uncovered in or about February 2021, Infinity Q liquidated the Investment Funds and sold its OTC derivative positions.  These positions were sold for hundreds of millions of dollars less than their purported market values in BVAL, thereby resulting in substantial losses to the investors in the Investment Funds.

VELISSARIS Lies to Auditors and Obstructs the SEC’s Investigation

In order to hide this scheme and prevent its detection, VELISSARIS lied to numerous outside stakeholders and regulators.  First, in order to prevent Infinity Q’s outside auditor (the “Auditor”) from discovering the fraud, VELISSARIS provided the Auditor with falsified term sheets from counterparties that he had altered to change the true terms of certain OTC derivative positions.  In particular, in connection with a number of audits, the Auditor selected certain OTC positions that it would independently value in order to confirm the reasonableness of Infinity Q’s values from BVAL.  In order to ensure that the Auditor would not arrive at materially different results when independently valuing positions that VELISSARIS had manipulated in BVAL, VELISSARIS altered the terms of certain deal documents and provided them to the Auditor.  After receiving these falsified documents and relying on them in its independent evaluation, the Auditor confirmed the reasonableness of VELISSARIS’ valuations in BVAL.

Furthermore, beginning in May 2020, the SEC opened an inquiry and later an investigation into Infinity Q’s valuation practices.  In connection with that investigation, VELISSARIS provided false and misleading information to the SEC.  For example, when the SEC asked for original documents that had been provided to investors, VELISSARIS altered the documents before providing them to the SEC, including certain alterations that would help hide his mismarking scheme.  For example, Infinity Q’s original investor materials stated that “[o]nce a price is established for a portfolio security, it shall be used for all Funds that hold the security.”  As explained above, this was untrue, and on numerous occasions, manipulations in BVAL made by VELISSARIS caused the same positions in the Mutual Fund and the Hedge Fund to have substantially different values.  To conceal the falsity of Infinity Q’s disclosures, VELISSARIS, along with Employee-1, removed this line from investor documents that were provided to the SEC.

In June 2020, the SEC requested that Infinity Q provide additional materials, including documents regarding Infinity Q’s valuation committee and all of its meeting minutes.  Infinity Q’s investor materials had represented that Infinity Q had a valuation committee, including VELISSARIS, that the committee would meet monthly or more often, and that VELISSARIS would be responsible for preparing minutes of such meetings.  In fact, however, VELISSARIS had not kept notes of any such meetings.  Accordingly, days before responding to the SEC, VELISSARIS made up notes purporting to be from valuation committee meetings in 2019 and 2020 and submitted them to the SEC.

VELISSARIS, 38, of Atlanta, Georgia, pled guilty to one count of securities fraud, which carries a maximum sentence of 20 years in prison. 

The maximum potential sentence in this case is prescribed by Congress and is provided here for informational purposes only.  Sentencing has been scheduled for March 3, 2023, in front of Judge Cote.

Mr. Williams praised the work of the Federal Bureau of Investigation.  He further thanked the SEC and the Commodity Futures Trading Commission for their cooperation and assistance in this investigation.  

NYC PUBLIC ADVOCATE'S STATEMENT ON THE 'INNOVATION QNS' PROPOSAL

 

"Affordability – in both the immediate and long term – are critical goals as our city grows and changes. The affordability commitments in this final version of the Innovation QNS proposal are a testament to and validation of the strategic, consistent push by residents, community leaders and elected officials for responsible development that meets both neighborhood and citywide needs. 


"The new level of income targeted affordable units proposed for Innovation QNS was hard fought, and now sets a minimum benchmark to consider moving forward, particularly for this type of development of private land. As we work to meet the current housing and homelessness crisis, we must ensure that we do not exacerbate it by displacing and pricing people from their neighborhoods.


"Under Mandatory Inclusionary Housing, which my office has detailed the failures of and which I voted against as a Council Member, we have to do better than the best of the current bad options, and the work of the last several weeks has led to a better deal. I want to congratulate Council Member Julie Won, and all who continued efforts to get here, for their leadership in helping ensure that Innovation QNS offered this level of affordable, income-targeted housing for a city in desperate need. I hope that the full Council votes to approve the project."


MAYOR ADAMS’ STATEMENT ON CITY COUNCIL LAND USE COMMITTEE VOTE ON INNOVATION QNS PROJECT

 

New York City Mayor Eric Adams today released the following statement after the New York City Council Land Use Committee voted in favor of the Innovation QNS project:

 

“Today’s vote is another critical win in the fight against our city’s affordable housing crisis. This project will create nearly 3,200 new homes in Queens, including 1,400 that will be rent-restricted with 500 that will be deeply affordable. In a community with a lower vacancy rate than the rest of the city, creating this kind of affordable housing is a game-changer.

 

“In just the last week, the city has advanced plans for nearly 8,500 new homes across the city. This is exactly the kind of historic work we must do to tackle the housing shortage at the root of our affordable housing crisis.

 

“But as this process shows, we need a better system to create new housing and make New York City a true ‘City of Yes.’ My administration is moving forward plans for a citywide zoning text amendment that would help the city truly meet New Yorkers’ housing needs and create new housing across the entire city. We invite all New Yorkers to join us in crafting and advancing that plan.

 

“I want to thank Council Speaker Adrienne Adams, Land Use Committee Chair Rafael Salamanca and committee members, and Councilmember Julie Won for their partnership in getting this project nearly to the finish line. I look forward to working with them to get it done.”


Governor Hochul Secures Emergency Declaration From President Biden as Winter Storm Buried Upstate New York Communities With Nearly Seven Feet of Snow

 Vehicles parked along a street are covered in snow in Buffalo.

Emergency Declaration From President Biden For the 11 Counties Under Governor's State of Emergency Provides Access to Federal Funding for Impacted Counties to Support Response Operations

State Agency Emergency Response Assets Continue to Assist Local Governments in Cleanup and Restoration Efforts in Wake of Historic Snowfall Event

80 Inches of Snow Reported in Orchard Park in Erie County, with Peak Snowfall Accumulations of Six Inches Per Hour; Parts of City of Buffalo and the City of Lackawanna Remain Under Travel Ban


 Governor Kathy Hochul today announced that President Biden approved her request for an Emergency Declaration for Cattaraugus, Chautauqua, Erie, Genesee, Jefferson, Lewis, Niagara, Oneida, Oswego, St. Lawrence, Wyoming counties, following the historic winter storm that buried some of New York's upstate communities with nearly seven feet of snow this past week. Under an Emergency Declaration, direct federal assistance is available for the previously listed counties and FEMA is authorized to provide emergency protective measures for the State that includes search and rescue operations, as well as actions to protect critical infrastructure such as roads and bridges, water control facilities, utilities, and mass transit facilities. At Governor Hochul's direction, State agencies' emergency response assets remain on the ground in affected areas of Western New York, Central New York and the North Country, assisting local governments with cleanup and restoration efforts.

"I thank President Biden for immediately granting our emergency declaration request and for our ongoing strong partnership as well as Senator Schumer for his assistance in securing relief for New Yorkers," Governor Hochul said. "My team and I will continue working around the clock to keep everyone safe, help communities dig out, and secure every last dollar to help rebuild and recover from this unprecedented, record-shattering historic winter storm."

Over the weekend, Governor Hochul submitted a request to the federal government for an Emergency Declaration, which was granted Sunday evening. The last time New York State submitted an Emergency Declaration request for a similar winter storm was in 2014, when it took weeks to grant the request. An Emergency Declaration can be declared for any occasion or instance in which the President determines federal assistance is needed. These declarations supplement State and local efforts in providing emergency services, such as the protection of lives, property, public health, and safety, or to lessen or avert the threat of a catastrophe in any part of the United States. Governor Hochul will also ask the federal Small Business Administration to evaluate how it can help small businesses harmed by the storm in the 11 counties and contiguous counties, once state operations transition from response to recovery mode.

Governor Hochul and New York State Division of Homeland Security and Emergency Services (DHSES) Commissioner Jackie Bray encouraged local officials in impacted counties to continue working with their County Emergency Managers to submit any resource needs directly into NY Responds, the state's web-based system that enables both local governments and state agencies to submit and share vital emergency-related information and resource requests.

New York State Division of Homeland Security and Emergency Services Commissioner Jackie Bray said, "Thanks to Governor Hochul and President Biden, this emergency declaration will provide much needed federal relief for local governments the State has been supporting since before the storm. My team and I will work directly with FEMA to maximize the impact of this funding to ensure our communities can return to normal."

The New York State Division of Homeland Security and Emergency Services' Office of Emergency Management and Office of Fire Prevention and Control, the Department of Transportation, New York State Police, Thruway Authority, and National Guard continue to be fully engaged in supporting local governments with response to the winter storm and snow removal and cleanup operations.

Prior to the arrival of lake effect snow on Thursday, Governor Hochul declared a State of Emergency for 11 counties and contiguous counties, which remains in effect. Additionally, New York's emergency management experts have been in constant communication with their local counterparts for days leading up to the event.

The winter storm that began Thursday impacted several regions of the State through Sunday, with 80 inches of snow reported in Orchard Park in Erie County, and more than six feet of snow reported in parts of Erie and Jefferson Counties. Throughout the storm, these areas experienced consistent snowfall rates of two-to-three inches per hour, and some seeing a peak of six inches of snowfall an hour. This intense snowfall created extremely dangerous travel conditions.

DHSES's Disaster Recovery team will immediately begin working with the 11 counties listed in the Emergency Declaration to maximize federal assistance.

City to Auction Gifts Given to Previous New York City Mayors

 


‘Gifts to the City’ Auctions Feature Over 50 Gifts to Mayors Koch, Dinkins, Giuliani, and Bloomberg
 
Items Include Autographed Sports Memorabilia, Art, Jewelry, and Other Keepsakes

NYC Department of Citywide Administrative Services (DCAS) Commissioner Dawn M. Pinnock and NYC Department of Records and Information Services (DORIS) Commissioner Pauline A. Toole today announced the launch of Gifts to the City, a series of online auctions of select items gifted to previous New York City mayors. An initial selection of over 50 items from Mayors Koch, Dinkins, Giuliani, and Bloomberg are now up for auction by DCAS and auctions will last between one to three weeks. Items include autographed sports memorabilia, art, jewelry, and other keepsakes. Items gifted to mayors and other City officials remain the property of the City of New York and are managed by DORIS. The items up for auction have been deemed by DORIS to have no research or archival value.
 
Some featured items include:
 
Nike Air Force One Sneakers Autographed by Ice-T and Fab 5 Freddy – Mayor Bloomberg

Tiffany & Co. Cake Slicer Inscribed for the Museum of the City of New York Groundbreaking in 2006 – Mayor Bloomberg

Tiffany & Co. Clock Inscribed with: Hospital for Special Surgery Discovery to Recovery, 2005 – Mayor Bloomberg

A 25-inch String of Pearls Gifted to Mayor Bloomberg – Mayor Bloomberg

Tiffany & Co. Sterling Silver Cufflinks and Lapel Pin – Mayor Giuliani

A Louis Vuitton 1998 World Cup Soccer Ball – Mayor Giuliani

A Spalding Basketball Autographed by New York Knicks Players – Mayor Giuliani

Glass Apple Shaped Paperweight Gifted by Diana Ross – Mayor Dinkins

Silver Bowl from Catalca, Istanbul in a Velvet Enclosure – Mayor Dinkins

Framed Chinese Art – Mayor Dinkins

Matted Portrait of Mayor Koch by Miriam Troop (autographed by Mayor Koch) – Mayor Koch

Framed Front Page of The Village Voice featuring Cover Story: Mayor Dearest: An Exclusive Preview of Mayor Koch’s Memoirs – Mayor Koch

Original Painting by Artist Peter Max Depicting the Face of the Statue of Liberty; Includes a Hand-Written Inscription to Mayor Koch and the Artist's Signature – Mayor Koch
 
Gifts to the City offers a unique opportunity to own a piece of history,” said NYC Department of Citywide Administrative Services Commissioner Dawn M. Pinnock. “This is the first time the City has auctioned gifts to past mayors, and New Yorkers have a chance to purchase items they won’t get anywhere else.”
 
“We are pleased to work with the Department of Citywide Administrative Services to hold this auction of unique memorabilia,” said NYC Department of Records and Information Services Commissioner Pauline Toole. “Purchasers will receive a special certificate of provenance certifying that the item sold at auction is an authentic gift originally received by a Mayor of the City of New York and that the purchase will support the work of the Municipal Archives and Municipal Library.”
 
The Gifts to the City auctions are open to the public and City employees, except for employees of DCAS and DORIS, and any persons or firms associated with DCAS and DORIS employees. For the purposes of this auction, a person or firm associated with DCAS and DORIS employees include spouses, domestic partners, children, parents, or siblings; a person with whom the DCAS or DORIS employee has business or other financial relations, and each firm in which such employees have a present or potential interest.  
 
Proceeds from the auction will benefit the Municipal Archives Reference and Research Fund (MARRF). Established from the proceeds of a prior auction of City ephemera and Audubon prints in 1985, MARRF supports projects to preserve and provide access to historical and contemporary records in the Municipal Archives and Library. The Municipal Archives previously auctioned non-archival saloon licenses, canceled bonds, and, most famously, a folio of Audubon drawings. 
 
Each year DCAS conducts over 4,000 surplus auctions of City property, ranging from furniture, to vehicles, to office supplies, and more. Listings for all City of New York surplus auctions can be found on the DCAS website.  
About the NYC Department of Citywide Administrative Services
 
The NYC Department of Citywide Administrative Services (DCAS) makes city government work for all New Yorkers. Our commitment to equity, effectiveness, and sustainability guides our work providing City agencies with the resources and support needed to succeed, including:

  •   Recruiting, hiring, and training City employees.
  •   Managing 55 public buildings.
  •   Acquiring, selling, and leasing City property.
  •   Purchasing over $1 billion in goods and services for City agencies.
  •   Overseeing the greenest municipal vehicle fleet in the country.
  •   Leading the City’s efforts to reduce carbon emissions from government operations.

Learn more about DCAS by visiting nyc.gov/dcas and by following us on TwitterInstagramTikTokFacebookLinkedIn, and listening to the Inside Citywide podcast.
 

2002 Balloon Inflation & Thanksgiving Day Parade Traffic and Media Advisory

 

The balloon inflation will take place on Wednesday, November 23rd, 2022, from noon to 6 p.m. Spectators may enter the queue at West 72nd Street and Columbus Avenue. Large backpacks, coolers, alcoholic beverages, chairs and umbrellas are expressly prohibited, and participants will be screened prior to entering the viewing route. Once screened, spectators will enter the inflation viewing area at West 72nd Street and Central Park West. The balloon viewing path winds around the American Museum of Natural History. Spectators exit the viewing area at West 82nd Street and Central Park West.

The Thanksgiving Day Parade takes place on Thursday, November 24th, 2022, and will step off from Central Park West and 77th Street at 8:45 a.m. The procession marches to Columbus Circle, turns onto Central Park South and proceeds down 6th Avenue to West 34th Street. It then turns west and ends at 7th Avenue, in front of Macy’s Herald Square.

Heavy traffic conditions are expected, and there will be rolling street closures in Manhattan, so mass transit is strongly encouraged. Remember: No large backpacks, lawn chairs, umbrellas, large coolers or alcoholic beverages will be allowed. Anyone who sees suspicious activity should alert a police officer or call 911. The NYPD’s terrorism hotline is 888-NYC-SAFE.

Traffic Advisory:

Wednesday, November 23rd, 2022 – Gridlock Alert Day (balloon inflation):  

At 6 a.m. West 81st Street and West 77th Street from Central Park West to Columbus Avenue and Central Park West from West 72nd Street to West 86th Street will be closed to vehicular traffic.

At 8 a.m. West 72nd Street between Central Park West and Columbus Avenues will be closed to vehicular traffic.

Additional vehicular traffic closures at noon are as follows:

•Central Park West from West 73rd to 85th Streets
•West 74th Street between Columbus and Central Park West Avenues
•West 75th Street between Columbus and Central Park West Avenues
•West 76th Street between Columbus and Central Park West Avenues
•West 77th Street between Columbus and Central Park West Avenues
•West 78th Street between Columbus and Central Park West Avenues
•West 80th Street between Columbus and Central Park West Avenues
•West 81st Street between Columbus and Central Park West Avenues
•West 82nd Street between Columbus and Central Park West Avenues
•West 83rd Street between Columbus and Central Park West Avenues
•West 84th Street between Columbus and Central Park West Avenues
•West 85th Street between Columbus and Central Park West Avenues
•Central Park Transverse Road at Central Park West and West 81 St. (both directions)

After 10 p.m., West 81st Street and West 77th Street from Central Park West to Columbus Avenue as well as Central Park West from West 59th Street to West 86th Street will be closed to all traffic. "Broadcast vehicles only" may park beginning at 9 a.m. on the east side of Columbus Avenue from West 77th Street to West 76th Street. All Broadcast Vehicles must be off Columbus Avenue by 11:30 p.m.  

Thursday, November 24th, 2022 (Thanksgiving Day Parade):


Formation for the parade will begin at 8 a.m. at the following locations:
•West 77th Street between Central Park West and Columbus Avenue
•West 81st Street between Central Park West and Columbus Avenue
•Central Park West between West 77th and 86th Streets

The parade will begin at 8:45 a.m. from Central Park West and West 77th Street and proceed on the following route:
•South on Central Park West to Columbus Circle
•South through E/S Columbus Circle to West 59th Street
•East on West 59th Street to 6th Avenue
•South on 6th Avenue to West 34th Street
•West on West 34th Street to 7th Avenue (dispersal area)

Additional closures are as follows:
•Broadway between West 34th Street and West 41st Street- Midnight to 1 p.m.
•6th Avenue between West 23rd Street and West 42nd Street – 2 a.m. to 1 p.m.
•7th Avenue from West 34th Street and West 42nd Street - 2 a.m. to 1:30 p.m.
•West 34th Street between 6th Avenue and 8th Avenue - 10 p.m. (Wed) to 5 p.m.
• West 59th Street E/B between 7th Avenue and Central Park West – Midnight to 2 p.m.
• West 59th Street W/B between 5th Avenue and Central Park West – 2 a.m. to 2 p.m.
• West 35th Street between 5th Avenue and 8th Avenue - 2 a.m. to 4 p.m.
• West 36th Street between 6th Avenue and 8th Avenue - 2 a.m. to 2 p.m.
• West 37th Street between Broadway and 8th Avenue - 4 a.m. to 2 p.m.
• West 38th Street between Broadway and 8th Avenue - 4 a.m. to 2 p.m.
• West 8th Avenue between 34th Street and 40th Street - 4 a.m. to 1:30 p.m.
•Broadway between 38th Street and 59th Street - 4 a.m. to 1:30 p.m.
• West 33rd Street between 7th Avenue and 10th Avenue - 8 a.m. to 2 p.m.
• West 39th Street between Broadway and 8th Avenue - 8 a.m. to 2 p.m.
• West 40th Street between Broadway and 8th Avenue - 8 a.m. to 2 p.m.
• West 49th Street between 5th Avenue and 7th Avenue - 8 a.m. to 2 p.m.
• West 50th Street between 5th Avenue and 7th Avenue - 8 a.m. to 2 p.m.
•Central Park 65th Street/ West 66th Street Transverse Roads 7 a.m. until conclusion


Please note: From 9 a.m. until 12:30 p.m. vehicles will not be able to access:
•6th Avenue between West 33rd and West 59th Street
•8th Avenue between West 57th Street and West 59th Street
•8th Avenue between West 33rd and West 40th Streets
•Broadway between West 59th Street and West 57th Street
•Broadway between West 34th and West 40th Streets (only escorted deliveries)
• West 42nd Street between 5th and 8th Avenue
• West 57th Street between 5th and 8th Avenue

Annual Pelham Parkway Turkey Giveaway

 

Sunday was the Annual Pelham Parkway Turkey Giveaway. Over one-hundred turkeys were given away by the PPNA to people from the PPNA neighborhood so they could have a happy Thanksgiving dinner. 


PPNA President Steven Glosser said that he and the members of the PPNA were glad that they could put some joy to over one-hundred families by giving them free Thanksgiving turkeys to have for their Thanksgiving dinner. He added this year the price of turkeys are more expensive than in past years, so it also saves the people who received our turkeys more money for the other items that go with the Thanksgiving turkey. 


PPNA President Steven Gloser is holding one of the free turkeys the PPNA gave away. Front row L - R, PPNA Secretary Loui Lutnick, Marcy Gross, and Jenni Leon. Back row - Lance Zavin, and Treasurer Elio Morales. 


PPNA Treasurer Elio Morales hands off this turkey to a person who did  not want to be photographed as PPNA President Steven Glosser look on.


It was cold outside as the PPNA Turkey Giveaway was held across the street from the Key Food supermarket on Holland Avenue. L - R - PPNA Sergeant of Arms Oscar Ruiz, Secretary Louis Lutnick, Treasurer Elio Morales, and President Steven Glosser. 

Bronx Chamber of Commerce - Winter Wonderland Holiday Party, December 8 - Sponsor & Get Your Tables Today

 



The Board of Directors and the leadership team of the Bronx Chamber of Commerce invite you to attend our signature Winter Wonderland Holiday Party on Thursday, December 8 at Pelham Bay Split Rock Golf Course, 870 Shore Road Bronx, NY.

Enjoy an evening where you don't have to plan or shop or clean up afterward!

This Bronx Chamber signature event brings together businesses, families, colleagues, and friends for an evening of cocktails, dinner, dancing, and live entertainment while also doing good for our community as we collect toys and contributions for Astor Family and Children's Services. Bring your company's staff - book your tables - and become a sponsor. 

This annual event is a lot of fun and celebrates the holidays while also celebrating the amazing people on your team.