Related
Michael Steinhardt - WikipediaIn 2001, Steinhardt published an autobiography: "No Bull: My Life in and out of Markets". In this book, he addressed for the first time the question of his father, Sol Frank "Red" Steinhardt. "Red" Steinhardt was convicted in 1958 on two counts of buying and selling stolen jewelry, and was sentenced to serve two 5-to-10 year terms, to run consecutively, in the New York State prison system. (He did most of his time at
Dannemora, a prison in upstate NY near the Canadian border, but had his sentence reduced to time served after two years due to allegations of prosecutorial misconduct.) Regarded by D.A. Frank Hogan as the number one jewelry fence in New York, "Red," according to No Bull, was an associate of noted underworld figures such as
Meyer Lansky, [***
Big-Time Gangsters Set up McCain's Family Fortune That's right. McCain is linked to Steinhardt ***]Vincent "Jimmy Blue Eyes" Alo (incorrectly named "Aiello" in No Bull), and
Albert Anastasia (No Bull wrongly refers to him as "Joey".) In No Bull, Steinhardt describes how his father bankrolled his early forays into the stock market by giving him envelopes stuffed with $10,000 in cash. The book also suggests that Steinhardt's education at the
Wharton School may have been paid for with illicit funds.
[5] ****
Political activism
Steinhardt is active in political circles ranging from centrist
Democratic to
neo-conservative, having been a past chairman of the
Democratic Leadership Council [BTW Hillary Clinton is DLC]and a board member of the
Foundation for the Defense of Democracies, to which he donated $250,000 in 2002.
[6] While Steinhardt may have been a Friend of Bill, he apparently was no Friend of Hill. According to Newsmeat.com, a tracker of publicly-available campaign contributions, in the 2000 New York senatorial primary, he donated $1,000 (then the maximum allowable under law) to Republican Rudy Giuliani. When Mayor Giuliani dropped out of the race, Steinhardt contributed an equal amount to Giuliani's successor, Rick Lazio. Steinhardt also gave $1,000 to Lazio in the general election.
In 2001, Steinhardt, along with several other investors including
Conrad Black, founded the
New York Sun, a niche New York City broadsheet best known for its unflinching pro-Israel support and generally (but not invariably)
neo-conservative outlook. Steinhardt wrote a letter to President Clinton advocating the pardon of
Marc Rich, calling him "my friend...who has been punished enough" (on January 20th, 2001, Clinton's last day in office, Rich was in fact pardoned.)
[7] Steinhardt was an early promoter of the possible presidential candidacy of
Michael Bloomberg in 2008.
[8] Mega-Donor Throws Clout Behind Hebrew Charter School
Steinhardt Backs Proposal for Publicly Funded School in N.Y.
By Anthony Weiss
Thu. May 29, 2008
Mega-philanthropist Michael Steinhardt is giving a big bump to the effort to create a national network of publicly funded Hebrew schools by putting his money behind an effort to open a Hebrew-language charter school in New York City.
A group of individuals with financial backing from the Steinhardt Foundation for Jewish Life is planning to submit an application June 4 to the New York City Department of Education and the New York State Board of Regents to open the Hebrew Language Academy Charter School in Brooklyn. According to Steinhardt’s daughter, Sara Berman, a trustee for the foundation and the lead applicant in the effort, the school’s curriculum would incorporate Hebrew-language instruction, as well as classes that cover Jewish culture and history and modern Israeli society.
The nation’s first Hebrew-language charter school, the Ben Gamla Hebrew Charter School, sparked a firestorm of debate when it opened last August in Hollywood, Fla. Critics, including some in the Jewish community, warned that the school could blur the dividing line between church and state. Others in the Jewish community, including Steinhardt, praised Hebrew charter schools as a way to strengthen Jewish identity without the private and communal expense of day schools.
--MORE--