CMZ Group says former official left before SEC suit

Fred Davis Clark, Jr. — a Cayman Islands man who was accused of securities fraud in a civil suit filed Jan. 30 by the Securities and Exchange Commission — sold his ownership interest and resigned his posts at a separate Cayman Islands business a day before the SEC suit was filed, according to a spokeswoman for the firm, CMZ Group Ltd.

CMZ Group Ltd., a Cayman Islands company that includes a Caribbean pawn shop network among other ventures, said in a statement that Clark “is no longer affiliated with our company, and, in fact, separated from the company before (Jan. 29) the U.S. SEC complaint was filed (Jan. 30th.)’’

The SEC had identified Clark, 54, as “co-chairman of CMZ’’ in a complaint that accused him and four other former real estate executives at the defunct Cay Clubs Resorts and Marinas of defrauding nearly 1,400 investors of more than $300 million in an alleged Ponzi scheme between 2004 and 2007.

“We put in our complaint the most current information available,’’ Eric Bustillo, director of the SEC’s Miami regional office, said Tuesday. The SEC complaint is pending in U.S. District Court in Miami. A hearing hasn’t been set.

According to the SEC suit, Clark operated Cay Clubs Resorts from his home in Key Largo and moved to the Cayman Islands after the real-estate investment business closed, leaving investors hanging.

Jeffrey L. Cox, a Boca Raton attorney for Clark, declined to comment Tuesday.

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Driver killed when car hits home in Opa-locka

A man was killed Monday after he lost control of his car around a curve and smashed into an Opa-locka house.

According to police, the man, identified as Julian Lamar Mitchell, 37, was speeding west on Northwest 135th Street when he hit the curb, struck a utility pole and crashed into a home in the 1800 block of Northwest 135th Street.

Mitchell was ejected and the car caught fire. His passenger, who was not identified, was not injured.

Homeowner Alan Burrows told Miami Herald news partner CBS4 that he and his neighbors tried to help the men in the car.

“I had just gone to bed. I heard a loud crash, right against the house, opened up the door to see what was going on and I couldn’t open the door,” he said.

“The car crashed. There was guy on the ground and another guy on the ground. We tried to help to help them. Our neighbors came out and they had the guys who were in the car,” Burrows said. “The [power] line was down, jumping around and there was fire and smoke. Chaos.”

No one in the house was injured.

The Miami-Dade Police Department’s traffic homicide unit is investigating the crash.

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Second-generation iPad mini could pack a display with 324 pixels per inch

Apple (AAPL) may be about to make up for delivering a disappointingly low resolution for its first-generation iPad mini display. BrightWire reports that supply chain sources have told Chinese website My Drivers that the next-generation iPad mini will indeed feature a 7.9-inch Retina display with a resolution of 2048 x 1536 pixels, or 324 pixels per inch. For comparison, consider that the original iPad mini delivered a resolution of just 163 pixels per inch, less than both the Amazon (AMZN) Kindle Fire HD and the Google (GOOG) Nexus 7, which both featured displays with resolutions of 216 pixels per inch. BrightWire’s report also backs up earlier rumors we’ve heard about Apple choosing AU Optronics to make an HD Retina display for its next-generation iPad mini.

[More from BGR: iOS 6.1 untethered jailbreak now available for download, compatible with iPhone 5 and iPad mini]

This article was originally published on BGR.com

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The Following Exclusive Clip The Poets Fire

While the body count is already into double digits, the world has only begun to see the extent of Joe Carroll's plan, and on tonight's all-new episode of The Following, another one or two (hundred) bite the dust!

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In The Poet's Fire, fans of Fox's fearsome Following will not only have tons of present day chills wriggling up their spine, but also get a huge clue to the history Joe and Ryan Hardy share thanks to some very unexpected flashbacks.

RELATED - The Following Star Talks Defying Fan's Expectations

ETonline scored an exclusive clip from tonight's all-new episode that begins to peel back the layers ... but you'll have to tune in tonight at 9 p.m. on Fox for the full flaying!

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Carroll Gardens food scene stays true to Italian roots

Pass the “macaroni and gravy” — Carroll Gardens is beefing up its famous Italian flavor.

In less than a year, three new Italian food joints have popped up within two blocks of each other along Smith Street in the former mob-family-enclave turned trendy Brooklyn hood.

The opening of Claudine’s, Arthur on Smith and Ciro’s leave the Smith Street strip with eight restaurants dishing out homemade pastas, specialty pizzas and other Italian eats within a mere six blocks of each other, from Third Place to DeGraw Street.

“We’re getting more of the new, younger, health-conscious Carroll Gardens crowd by offering a menu with a modern flair and cooking with organic vegetables and other high-end products,” said Joseph Isidori, a third-generation chef who opened regularly-packed Arthur on Smith in memory of his late father.

Paul Martinka

Arthur on Smith, owned by Joe Isidori, is one of several new Italian restaurants in the Carroll Gardens/ Cobble Hill section of Brooklyn.

The Bronx native said he “did research” and specifically chose Carroll Gardens “because its strong Italian roots stretch back” over a century to when the area was known as “South Brooklyn” and both Italian and Irish immigrants moved there to be close to work at the Red Hook docks.

Maria Pagano, president of the Carroll Gardens Neighborhood Association, said the recent rise in Italian restaurants is ironic coming as the number of Italian-Americans living there continues to dwindle.

“This shows a real shift in culture,” Pagano said. “Italian-American families traditionally don’t go out for dinner every night, but many of these new restaurants serve lunch and dinner all week. “

Unlike households headed by members of the “Five Families” or exclusive male Italian “social” clubs who still eat at home as a family, many of the neighborhood’s younger couples both work, so they go out to eat regularly, residents say.

Carroll Gardens has another 16 Italian restaurants, pizzerias, delis and bakeries along Court Street and another three on Henry Street. And there are dozens of others just blocks from its borders, including legends like 109-year-old Ferdinando’s Focacceria and 107-year-old Monte’s Venetian Room.

But Stephanie Mandelli, co-owner of Claudine’s, and other newcomers say they aren’t worried about competing with old-school eateries.

“What’s sets us apart is our authenticity,” said Mandelli, who moved back to her native Carroll Gardens to serve meals out of the same storefront where her grandfather once ran a popular barbershop up until 1975.

“Our place is Italian as they come. When you come in, you feel like you’re sitting in a living room in Northern Italy.”

Seeing the neighborhood was shifting tastes, Marco Chirico, whose family has run Marco Polo Ristorante on Court Street since 1983, last year renovated the joint that’s long been popular with judges, pols and “made guys” — even updating its menu to attract a new breed of health-conscious customers.

He also opened the trendy Enoteca next door in 2009, which, like many of the new competing eateries, offers an extensive beer and wine bar while also popping out gourmet pizza and panini from a wood-burning oven.

“The new restaurants [like Enoteca] are now smaller, more intimate, and offer smaller portions because more people are watching their nutrition,” he said.

But while Chirico thinks the hood is strong enough to support so many Italian eateries, Pagano, has doubts.

“It just seems like there’s so many for all of them to do well,” said Pagano. “And there’s also so many other choices than Italian in the neighborhood.”

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Bright spots in Latin America despite global economic uncertainty

There are bright spots as Latin American and Caribbean economies begin the year but the uncertain health of the U.S. economy, the lingering financial crisis in Europe and more sluggish growth in China are casting shadows over the region.

A decade ago, dim prospects in those major markets would have delivered a knock-out punch in the region, but this year Latin American and Caribbean economies are expected to grow by 3.5 percent and average 3.9 percent growth in 2014 and 2015, according to a World Bank forecast. The United Nations’ Economic Commission has a slightly more sanguine forecast of 3.8 percent growth in 2013.

Both are better than the 2.4 percent growth the World Bank is forecasting for the global economy and the mere 1.3 percent increase it is predicting for high-income countries.

The U.S. economy grew by 2.2 percent in 2012. But the economy shrank 0.1 percent in the fourth quarter and the first quarter of 2013 also could be sluggish..

“That creates a soggy start for 2013 in Latin America,’’ said David Malpass, president of Encima Global, a New York economic consulting and research firm.

With a recession in Japan, even slower growth expected in Europe than in the United States, and questions about whether the dip in the Chinese economy has bottomed out and whether the United States will be making sharp cuts in defense spending and other federal programs come March 1, Latin American and Caribbean nations can’t really depend on the industrialized world to spur growth.

The region must look inward and undertake structural reforms that will allow growth from domestic factors, said Malpass, who was in Miami in January for an event organized by the University of Miami’s Center for Hemispheric Policy.

Panama’s $5.25 billion investment in expansion of the Panama Canal is an example of the inward focus that will pay off down the road, said Malpass. By 2015, Panama plans to have completed two new sets of locks on the Atlantic and Pacific sides of the canal and the deepening and widening of existing channels to accommodate the so-called Post-Panamax ships too big to traverse the current locks.

“It’s a difficult period but a period where developing countries are growing solidly but not as quickly as they might otherwise want to,’’ said Andrew Burns, the lead author of the World Bank’s annual Global Economic Trends report.

That means they should focus on investment in infrastructure and healthcare, structural policies, regulatory reforms and improvements in governance that will pay future dividends down the road, Burns said.

Such economic reforms, plus high commodity prices enjoyed by countries with fertile fields and mineral wealth, helped the region move beyond the global financial crisis of 2008 and 2009 far more quickly than it did when it was so dependent on economic cycles in the rest of the world.

Economic growth slowed in Latin America and the Caribbean from 4.3 percent in 2011 to an estimated 3 percent but that was still better than the 1.3 percent growth high-income countries managed in 2012, according to The World Bank.

China will continue to play a major role in Latin America and the Caribbean this year but whether the slowdown in China has reached its low point is subject to debate. But it’s relative. Slow growth in China would be brisk growth elsewhere. China says its gross domestic product grew 7.8 percent in 2012, the most tepid growth in 13 years and a comedown from 9.3 percent growth in 2011.

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Sex, the FBI and shady characters: Menendez saga a Florida whodunit

Peter Williams could remain silent no longer.

“My duty as a US citizen obligates me to report what I consider to be a grave violation of the most fundamental codes of conduct that a politician of my country must follow. I have first hand information regarding the reiterated participation of Senator Robert Menendez in inappropriate sexual activities with young prostitutes while on vacations in the Dominican Republic.”

That’s the opening line of his email, written 1:02 p.m. Monday April 09, 2012. A torrent followed with increasingly wild, tough-to-prove allegations.

They all started to come to light Tuesday and Wednesday when the FBI raided the South Florida offices of Menendez’s friend and donor, Dr. Salomon Melgen, accused in the emails of flying the New Jersey Democrat to the Dominican Republic for the trysts.

Menendez called the claims “fallacious allegations.”

The story has all the makings of a Florida political whodunit: shady donors and operatives and politicians ducking for cover.

It all reads like a mix of true crime, pulp fiction, pornography and a textbook political dirty trick.

Peter Williams is likely a pseudonym. His email account seems dormant. He never delivered the promised testimony, witnesses, photos and videos.

His writing was descriptive, giving the first and last names of some hookers, their phone numbers and addresses. He described one’s “pointy nose” and “big and exciting mouth” who works for a pimp named “Chocolate.”

Another is called “The Honey.” A third: “Minerva.” Two, a Russian and Brazilian, live in Miami.

Miami Herald reporters this week hopped on the cold trail laid out months ago by Williams and determined that some of the women likely existed. An FBI agent said in an email last year that he could “confirm” some of Williams’ info.

But there’s no good evidence right now that the prostitutes were underage or consorted with Menendez. They can’t be found. Prostitution, incidentally, is legal in the Dominican Republic. Underage prostitution isn’t. And U.S. citizens who engage in child-prostitution overseas face long prison sentences here.

Whatever his name is, Williams was right about one thing: Menendez did initially fly for free on Melgen’s CL-600 Challenger jet.

Only after the FBI raid did Menendez publicly admit that he didn’t pay for two of the trips in 2010. So he reimbursed Melgen $58,500 thereby undercutting a looming Senate ethics investigation.

Menendez’s office said he paid Jan. 4. No copy of the cancelled check was provided. It accounts for anywhere from 86 percent to 34 percent of Menendez’s reported savings and checking accounts.

It’s probably one of the few times that money flowed from Menendez to Melgen.

Since 1992, Melgen, his family and his company Vitreo-Retinal Consultants have contributed $1.14 million to various political candidates and committees.

Menendez’s campaign efforts received 53 percent of that money directly or indirectly, with the lion’s share coming in the last election from Vitreo-Retinal Consultants which funneled the money through a Democratic political action committee, Majority PAC. Previously, The Herald reported a much lower figure for Melgen’s contributions that didn’t include the money from Vitreo-Retinal.

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BlackBerry searching high and low in India, Indonesia

NEW DELHI/JAKARTA (Reuters) – Research in Motion Ltd must chart a tough course in its two key emerging markets of India and Indonesia: quickly launch cheaper handsets to woo lower-end subscribers while restoring its tattered brand among the countries’ status-conscious.

The company, which is rebranding itself BlackBerry after its best-known smartphone, has won millions of followers in these two Asian countries, mostly by selling cheaper handsets and offering service packages as low as $ 2 a month. So it’s unlikely that the Z10 model introduced last week, which operators in India expect to sell for around $ 750, will appeal to the users it must reach if it is to build market share.

“It’s clear that not only are India and Indonesia among the largest markets but in terms of future smartphone growth, they’re amongst the ones with the most potential,” said Melissa Chau, senior research manager at technology research group IDC in Singapore. “But the two devices that have been launched are not well aligned to the needs of these two markets.”

While the company does not break down its sales by country, data from IDC shows that Indonesia was BlackBerry’s biggest market outside the United States and Britain last year, while India was ninth.

ABI Research said that BlackBerry accounted for nearly half of Indonesia’s smartphone shipments in 2012. Compare this with a global share of just 5.3 percent. In India, the world’s second-largest mobile phone market, BlackBerry ranks third after Samsung Electronics Co Ltd and Nokia.

In both countries, young people are drawn by low-cost handsets allowing them to communicate for free on the BlackBerry Messaging Service (BBM). Almost all carriers offer services for the device. Indonesia’s XL Axiata Tbk PT, for example, saw a 45 percent jump in BlackBerry subscribers last financial year after offering packages for as little as 20 cents per day.

But this picture is changing rapidly.

The rise of messaging services such as WhatsApp that are not confined to any single operating system and the proliferation of cheap Android devices have diluted the BlackBerry’s appeal.

Mickey Nayoan, a 32-year old product designer in Jakarta, swapped his BlackBerry for a Samsung phone six months ago and isn’t missing it.

“I survived without BlackBerry because there’s WhatsApp,” he said. “More and more people use it and so I don’t need BBM anymore.”

At the same time, higher-end users have deserted what is increasingly seen as a low-end brand.

“When they came up with the cheaper versions, that took the allure off the brand for many Indonesians who are very status-conscious,” said Ong Hock Chuan, a Jakarta-based communications consultant.

ANDROID MAKES INROADS

While BlackBerry remained the number one smartphone brand in Indonesia in the second quarter of last year, the most recent period for which rankings were available, Android overtook it as the most popular operating system, according to IDC.

IDC said when it released the data last September that this was partly because of delays in the launch of the BlackBerry 10. The Z10 is likely to launch in the second half of February in India and in late March in Indonesia.

Data from StatCounter, a website which estimates mobile web traffic, shows BlackBerry’s share in Indonesia falling from about 20 percent in 2011 to about 5 percent last year.

On the other hand, carriers and users say, glitches with BlackBerry services and a perception that the brand has lost some of its luster mean that it will be hard to sell the Z10 and a keyboard model, the Q10, even to better-off users.

“It really depends on how BlackBerry 10 performs. If it can fix problems of previous BlackBerry (services) it could succeed in the market,” said Hasnul Suhaimi, CEO of Indonesia’s XL Axiata. But for now, he said, “it will just be about people swapping out existing devices.”

To reverse this, BlackBerry must announce cheaper devices quickly, analysts say. BlackBerry launched handsets designed on its old platform for just such users in India and Indonesia last year.

“The Z10… is obviously a high-end product and India is not a market at that price point,” said Anshul Gupta, an industry analyst at technology advisory firm Gartner in Mumbai. “We don’t know exactly what will be coming here, but I would expect them to launch different models in India which would give them more traction.”

(Additional reporting by Henry Foy in Mumbai and Jeremy Wagstaff in Singapore; Writing by Jeremy Wagstaff; Editing by Emily Kaiser)

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Justin Timberlake Performs New Music 20 20 Experience

Justin Timberlake hit the stage to perform new music for the first time in ages on February 2 and much to the crowd's delight, JT proved the long wait was well worth it.

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At DIRECTV's Super Saturday Night party in New Orleans, La, Timberlake not only performed his latest single, Suit & Tie (complete with Jay-Z cameo), but he debuted two new songs: Little Pusher Love Girl and Bad Girl.

VIDEO - Watch Justin's Suit & Tie Lyric Video

Both tracks are slated to be on Timberlake's forthcoming third solo album, The 20/20 Experience, hitting stores on March 19.

Watch all JT's performances below!

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Deadly deserts

Ralph Peters

Violence in Allah’s name in northern Africa won’t end in my lifetime — and probably not in yours. The core question is: To what extent can the savagery be contained?

From the Atlantic coastline to the Suez Canal, struggling governments, impoverished populations and frankly backward societies struggle to find paths to modernization and to compete in a ruthless global economy. Religious fanatics for whom progress is a betrayal of faith hope to block development.

Still, if the only conflict was between Islamist terrorists and those who want civilized lives, the situation could be managed over time. But that struggle forms only one level in a layer cake of clashing visions and outright civil wars bedeviling a vast region. Much larger than Europe, the zone of contention encompasses the Maghreb, the countries touching the Mediterranean, and the Sahel, the bitterly poor states stretching down across desert wastes to the African savannah.

AFP/Getty Images

Figthers of the Islamic group Ansar Dine

The Sahel is the front line not only between the world of Islam and Christian-animist cultures in Africa’s heart, but between Arabs and light-skinned tribes in the north, and blacks to the south. No area in the world so explicitly illustrates the late, great Samuel Huntington’s concept of “the clash of civilizations.”

If racial and religious differences were not challenge enough, in the Maghreb the factions and interest groups are still more complicated. We view Egypt as locked in a contest between Islamists and “our guys,” Egyptians seeking new freedoms. But Egypt’s identity struggle is far more complex, involving social liberals, moderate Muslims, stern conservative Muslims (such as the Muslim Brotherhood) and outright fanatics. The military forms another constituency, while the business community defends its selfish interests. Then there are the supporters of the old Mubarak regime, the masses of educated-but-unemployed youth and the bitterly poor peasants.

Atop all that there’s the question of whether the values cherished by Arab societies can adapt to a globalized world.

The path to Egypt’s future will not be smooth — yet Egypt’s chances are better than those of many of its neighbors. Consider a few key countries in the region:

Mali

Viva la France! (Never thought I’d write that in The Post.) Contrary to a lot of media nonsense, the effective French intervention in Mali demonstrates that not every military response to Islamist terror has to become another Afghanistan: The French are welcome.

As extremists invariably do, al Qaeda in the Islamic Maghreb (AQIM) and its allies rapidly alienated their fellow Muslims — after hijacking a local uprising. The local version of Islam is far more humane and tolerant than the Wahhabi cult imposed by Islamist fanatics. To the foreign extremists, the Malian love of Sufi mysticism, ancient shrines and their own centuries of religious scholarship are all hateful — as is the Malian genius for music that’s pleased listeners around the world.

Have a comment on this PostOpinion column? Send it in to LETTERS@NYPOST.COM!

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