USA MOBSTER-MAFIA-MUPUSKA TAKING OVER ISRAEL'S DISCOUNT BANK
Larry Mizel, Mathew Bronfman, Charles Kushner, Bid For Israel Discount Bank
MORE STOLEN US DOLLARS & NARCOTICS MONEY PROFFERING UP ISRAELI BANK
The Bush Crime Family's Denver Mispuka-Israeli-Mafia Leonard Millman's front
Larry Mizel Chairman of Millman's MDC Holdings, Inc., Mizel who should be in a US Jail
is now taking over Israel's Discount Bank with Bronfman and Kushner.
How desperate has Israel become?
(See: http://www.stewwebb.com Frauds Are US at MDC A Bush Crime Family Company (NYSX PSX) By StewWebb)
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Sources: Charles Kushner’s arrest won’t affect Discount Bank privatization tender bids .
The sources said Kushner was not a serious candidate, since his problems had dissuaded him from bidding in the tender, either independently or as part of the Strauss group.
18 July 2004
http://www.globes.co.il/serveen/globes/docView.asp?did=815634
Last week’s arrest of New Jersey-based Jewish real estate tycoon Charles Kushner is not expected to affect the bids in the "http://www.discountbank.net/" (TASE: "Javascript:viewInstrument('691212',45,'EN')") privatization tender. The deadline for the tender is noon on Tuesday. Kushner, who is suspected of hiring prostitutes to suborn witnesses, was freed on his personal bond.
As first reported in “Globes”, Kushner was declared a potential candidate for the acquisition of Discount Bank several months ago. He met with a number of Ministry of Finance officials and leading bankers in New York, and announced that he planned to bid in the tender. At one stage, he spoke with US businessman Daniel Strauss, a personal friend, about filing a joint bid.
When the candidates began submitting letters of intent, and purchased the tender books, however, Kushner’s interest waned. It is believed that he reconsidered the matter, and decided not to participate in the tender, probably because of his problems with the US government, which had recently been reported.
When Kushner was arrested, sources close to the tender said that since the connection with him had been broken several weeks ago, he was no longer considered a candidate, either by himself or as part of the Strauss group. The affair will therefore have no effect on the tender.
It is believed that MI Holdings (State of Israel Properties) will receive envelopes Tuesday afternoon from two consortia: one headed by Matthew Bronfman, and the other by Strauss. It is also possible, but because of lack of time considered unlikely, that an Israeli-led consortium will submit a third envelope. This is probably a group consisting of European investors, and led by Moshe Leon. Larry Mizel, another US candidate, has apparently decided not to participate in the tender.
Published by Globes [online] - "http://www.globes.co.il" - on July 18, 2004
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Discount Bank tender deadline next week At least two consortia will probably participate, both comprising US business people.
Dafna Zucker
http://www.globes.co.il/serveen/globes/docView.asp?did=814994
The first stage in the "http://www.discountbank.net/" (TASE:"Javascript:viewInstrument('691212',45,'EN')") privatization tender will end next week. The deadline for filing participation in the tender with MI Holdings (State of Israel Properties), which is handling the matter on behalf of the Ministry of Finance, is 2:30 pm Tuesday. Participating consortia must provide comprehensive information about their structure and deposit a $10 million guarantee.
As of today, no consortium has submitted its candidacy. In tenders of this type, consortia usual wait until the deadline to do so. In recent weeks, MI Holdings and the Banking Supervision Department have answered questions and requests for clarifications by various consortia preparing to participate in the tender.
At least two consortia will reportedly participate in the tender. One will be headed by Matthew Bronfman. The other comprises a group of US businessmen headed by Daniel Strauss, Charles Kushner and Larry Mizel. Kushner's participation is now open to questions, however, following his arrest in the US on charges of suborning witnesses.
A number of Israeli consortia are trying to organize, including one headed by Moshe Leon that includes European banks. This group is unlikely to organize in time to meet the deadline. The Ministry of Finance will consider it a success if two consortia participate in the Discount Bank tender, which will lead to an auction and the sale of the bank by the end of the year.
The next step in the sale of Discount Bank will begin next week, when the candidacy envelopes are delivered to the Bank of Israel. The Banking Supervision Department will carry out preliminary examinations of the candidates over two months. The examination is intended to determine whether the candidates are suitable.
At the end of September, the Bank of Israel will announce which candidates may continue in the tender process and given access to an information room. Bids will then be submitted and the winner of the tender will be announced by year-end.
Published by Globes [online] - "http://www.globes.co.il" - on July 15, 2004
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Three bidding consortia emerging for Discount Bank Matthew Bronfman leads one of two US consortia; the third consortium is Israeli.
30 June 2004
http://www.globes.co.il/serveen/globes/docView.asp?did=810409
Three consortia intend to bid in the tender for the privatization of "http://www.discountbank.net/" (TASE:"Javascript:viewInstrument('691212',45,'EN')"). This is the picture that emerges from the preliminary tender procedure that began a few weeks ago and is due to end on July 20, the final date on which interested parties can present their candidature.
So far, the tender documentation has been bought by a large number of parties, but enquiries reaching MI Holdings (State of Israel Properties), which is managing the tender, and the Bank of Israel Banking Supervision Department indicate that three consortia intend to take part in the tender.
Two of the consortia are of US investors, one headed by Matthew Bronfman and the other by a group of investors whose intention to participate in the tender has not been disclosed until now. This group has not yet signed a letter of intent as Matthew Bronfman and US real estate magnate Larry Mizel have done.
The names touted in the past in connection with the Discount Bank tender, such as Mizel, Charles Kushner, and Daniel Strauss have not disappeared from the scene, and it may be that they will participate as part of Bronfman's consortium or of the second foreign consortium.
The third consortium forming is a group of Israeli investors represented by a law firm. By July 20, candidates must submit details of their financial affairs, as a basis for a preliminary examination by the Bank of Israel. The examination is expected to take several weeks. At the end of it, those candidates the Bank of Israel estimates will not be able to meet the requirements for owning a bank in Israel will be weeded out. After that will come the pricing stage, at the end of which Discount Bank will be sold. According to the Ministry of Finance's plan, the bank should be sold by the end of the year.
Published by Globes [online] - "http://www.globes.co.il" - on June 30, 2004
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Larry Mizel demands due diligence at Discount Bank
http://www.globes.co.il/DocsEn/did=781589.htm
18 march 2004
US businessman Larry Mizel, who has expressed interest in buying control of Discount bank, plans visit Israel at the beginning of May. Sources inform “Globes” that Mizel is demanding to be allowed to carry out a due diligence examination at Discount Bank before buying it, contrary to the Ministry of Finance’s position. Mizel is expected to accompany Governor of California Arnold Schwarzenegger on his forthcoming trip to Israel. Schwarzenegger is due to arrive on May 1.
Next week, bankers acting on Mizel’s behalf are expected in Israel for talks with senior officials on the due diligence mater. A source close to Mizel said that Mizel had recently declared that he would not agree to buy Discount without due diligence.
Mizel, one of the most prominent businessmen in the US, has his headquarters in Colrado. He is currently engaged in negotiations with Israel Aircraft Industries (IAI) to set up a joint company that will produce and market IAI products in the US.
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Larry Mizel intersted in Discount Bank
The US Real Estate magnant has sent a
letter of intent to the Minister of Finance
http://www.globes.co.il/DocsEn/did=768825.htm
Feb 8 2004
Hebrew daily “Yediot Ahronot” reports that US real estate magnate Larry Mizel is interested in "http://www.discountbank.net/" (TASE:"Javascript:viewInstrument('691212',45,'EN')"). A few weeks ago, Mizel, a major contributor to Israel, sent a letter of intent to the Ministry of Finance stating his desire to acquire the controlling interest in the bank.
Mizel made his fortune in real estate. He is considered an associate of Minister of Industry Trade and Labor Ehud Olmert, and donated generously to the Museum of Tolerance in Jerusalem. A few months ago, Mizel was mentioned as a possible investor in Channel 10 franchisee Israel 10.
Minister of Finance Benjamin Netanyahu recently announced that six parties were interested in acquiring Discount Bank. So far as is know, two parties have submitted letters of intent. In any event, the tender, when published, will be open to all interested parties.
The state currently owns 51% of Discount Bank, with institutional investors and the public owning the rest. The tender for the sale of the state's holding is expected to be published in a few weeks. The state will apparently not stipulate a minimum price. The previous tender for the sale of the controlling interest in Discount Bank was cancelled in June 2000, after a protracted process. The Ministry of Finance and Bank of Israel now hope that the sale will be quick and effective.
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