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Oct 14, 2009 12:16 PMPublication: The Southampton Press

Quogue Village mayor pleads guilty to securities fraud

Oct 14, 2009 12:16 PM

The document notes that the cherry-picking scheme favored certain accounts at the expense of other public accounts, in spite of MFA’s claim that the firm’s account would not be favored over those belonging to other clients.

The accounts Mr. Motz controlled were extremely profitable. Of the 204 trades Mr. Motz assigned to MFA between November 2000 and September 2003, 202 were profitable, according to the indictment. “Because those trades were closed out and the gains thereon already realized at the time of allocation, these profits were virtually risk-free,” the indictment notes.

Mr. Motz proclaimed his innocence shortly after being indicted and after entering his original not guilty plea he said he felt comfortable with his defense. “We have the facts on our side,” he said at the time. “If it does go to trial, we will prevail.”

Quogue Village Attorney Rick DePetris could not say what Mr. Motz’s plea would mean for the Village Board, or whether the mayor will step down. There is a Village Board meeting scheduled on Friday evening.

“I am not familiar with the details of what happened,” Mr. DePetris said Wednesday morning. “So I am not going to speculate with comments.”

Quogue Village Deputy Mayor Randy Cardo could not be reached for comment Wednesday morning.

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Copy editor:

". . . a practice in which a person executes trades without assigning those trades are executed without being assigned to a specific trading account."
By highhatsize (4115), East Quogue on Oct 13, 09 8:40 PM
1 member liked this comment
thanks HHS
By BOReilly (135), Hampton Bays on Oct 13, 09 8:48 PM
I'm really starting to think any pol in an executive branch long enough, who has access to funds, eventually misuses his power. That's why every office should have strict term limits.
By Mr Suffolk (113), Twin Forks on Oct 13, 09 8:46 PM
Yea, so unelected staff get all the "power" and can make decisions without recourse from the public? No thanks. I'd rather have a chance to throw the bums out when they are not responsive to their citizens.

BTW, Motz activities are UNRELATED to his job as Mayor. No one has accused him of any impropriety in office and annual budget reviews for Quogue have not revealed any untoward activity on the part of anyone in Quogue -- just for the record.

Finally, Motz will have to account ...more
By JimmyKBond (156), Hampton Bays on Oct 14, 09 9:39 AM
Kabot will soon be available for the job,
By littleplains (305), olde england on Oct 13, 09 10:55 PM
Highhatsize: Is this the same Motz as the judge in your neighborhood? And doesn't their son have some kind of tax-paid job? If so - and I admit I am not all that familiar with Quogue - East, the Village, or otherwise - why is NO ONE mentioning these facts?!? Unless I am mistaken - and if I am - this so-called "newspaper" should print disclaimers about the relations. Enlighten me, please.
By Board Watcher (532), East Hampton on Oct 13, 09 11:05 PM
To Board Watcher:

I believe that his wife is the judge of the Quogue Village Court. Don't know about his son's status. Since this is breaking news, follow-ups will probably speak about his wife, especially when he resigns as mayor of Quogue.
By highhatsize (4115), East Quogue on Oct 13, 09 11:34 PM
To Board Watcher:

Here is a link to the Newsday account of the plea. It mentions that his son, Tim, is an SCPD spokesperson:

http://www.newsday.com/long-island/suffolk/quogue-mayor-pleads-guilty-to-1m-investor-fraud-1.1521829

Strangely, the Newsday story indicated that Motz DOES NOT have a plea agreement with the prosecution. There is the possibility that he could spend 25 years in jail, but I'm guessing he will be sentenced to one year and get out in 8 months, especially ...more
By highhatsize (4115), East Quogue on Oct 14, 09 12:00 AM
I'm glad Ms. Chnese referenced Mr. Motz' quotes from 14 months ago. Remind anyone of another, more recent, public official in trouble with the police?

Kittric Kotz is, I believe, the estranged wife of the miscreat Mayor, and their son Tim used to work for the Southampton Press. He also ran against Legislator Jay Schneiderman four years ago and was thrashed at the polls.

By Frank Wheeler (1816), Northampton on Oct 14, 09 12:55 AM
Absolute power corrupts absolutely. Why is it a surprise. The powerful feel that they can do what they want and never get caught. Look at Spitzer and even Patterson have ventured outside their marrages. Then of course the latest smuck Madoff and the Kennedys made their money as rum runners. Motz is just one of a long line, stay tuned for the next one. Its really pretty sad when you think about it.
By North Sea Citizen (554), North Sea on Oct 14, 09 7:53 AM
can you dislike a comment?
By frmreastendr (7), Rochester on Oct 23, 09 10:21 AM
Reading some of these comments, I am reminded of Don Henley singing:

"Kick 'em when they're up.
Kick 'em when they're down.
Kick 'em when they're stiff.
Kick 'em all around.
Dirty little secrets.
Dirty little lies.
We've got our dirty little fingers in everybody's pie.
We love to cut you down to size.
We love dirty laundry."
By SamIAm (36), hampton bays on Oct 14, 09 8:15 AM
1 member liked this comment
Of course this would be the case, stock losses are for the little people. I am sure it happens alot more than people realize.
By C Law (348), Water Mill on Oct 14, 09 1:43 PM
As a resident of Quogue, I am saddened that we are going to lose a Mayor who was fair and just with no personal agenda except that which was best for the village. For those who understand the way this place can work, he will be sorely missed. Best of luck to you, George, and many thanks for helping us forget about the prior Mayor.
By quogue (12), southampton on Oct 14, 09 2:12 PM
2 members liked this comment
That's the first bad word I've ever heard about Thelma Georgeson.

By Frank Wheeler (1816), Northampton on Oct 14, 09 2:38 PM
Thanks for the update on how everyone is related, and how they are getting paid and by who (read: taxpayer dollars). The hypocricy of those who benefit directly from fraud (yes, gasp! monetarily!) and then stand by their "fallen" family members never ceases to amaze me. A simple resolution for all of those "mea culpas" is for all to give back the money that "they" - YES - AS A FAMILY - benefitted from. Shaming isn't working, evidently, since we continue to the pay the price. I work for my ...more
By Board Watcher (532), East Hampton on Oct 14, 09 10:40 PM
Another crooked politician ! Throw the book at him and make his wife resign too !
By PrivateerMatt (390), Weesuck Creek , EQ on Oct 15, 09 10:27 AM
Now it's a Quogue politico involved in fraud. First it was the East Hampton hanky-panky scheme, then George Guildi was indicted for doing the mortgage-mombo and finally Linda Kabot and the Republicans of Southampton got caught playing the teaberry shuffle with taxpayer money! When will it end??? THIS NOVEMBER FOLKS! It's time to put the honest people in charge of our local governments and get rid of the bums whose only concern was re-election and personal gain. WAKE UP SOUTHAMPTON...before it is ...more
By Dodger (161), Southampton Village on Oct 16, 09 10:55 AM
George Motz's actions as CEO and Presidentn of MFA have no relation what so ever to his role as Mayor of Quogue. By no means is he a "crooked politician". I also don't believe it is fair to bring his wife and son into the mix because they are paid with taxes. Sit in Judge Motz's courtroom for 15 min and you will quickly understand that getting rid of her would be a true shame.

I am truly saddened by this whole situation and by no means condemn Mr. Motz's actions. However I wish the Motz ...more
By frmreastendr (7), Rochester on Oct 23, 09 10:20 AM
quogue: Stole money from senior citizens. Shame.
By OTISFORDSUCKS (34), Quogue on May 15, 10 8:55 AM
frmreastendr: "By no means is he a crooked politician". Really? Eh, he did plead "GUILTY".
By OTISFORDSUCKS (34), Quogue on May 15, 10 6:39 PM
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