It has come to my attention that Mr Jamie Edelkind does not like this page. I have offered to correct any errors of facts, and I believe that it does not contain any opinions. He has not identified any errors of fact.

Jamie Edelkind worked at OneBigCD for about a year, from fairly early in 2000 through the purchase of OneBigCD by Amplified. There were rumors that he then worked for Wayne Parker of Amplified, but that was not a direct OneBigCD connection.

Jamie Edelkind became associated with OneBigCD because of his experience, he had been associated with the music and CD industry for years. For example, he was active in the Optical Disk Manufacturing Association, and is listed in the minutes of their 1997 Electrical Measurement Committee. At that meeting, he was representing Sagetech (Sage Technology).

At OneBidCD, Mr Edelkind worked on a idea that he claimed would allow identification of specific CD, even though they were manufactured to be identical. He was not able to successfully demonstrate his technology, even after OneBigCD provided him with tens of thousands of dollars of specialized equipment and two software engineers.

The fact that he could not make the system work did not preclude the US Patent and Trademark Office from issuing United States Patent 6045980 Optical digital media recording and reproduction system US Patent Issued on April 4, 2000

Here is a fairly recent photo of Jamie, although he looks a bit younger than I remember..

Jamie Edelkind sentenced to two additional years in jail for child support failure

January 6, 2007

FEDERAL COURT

Man sentenced in child-support case

A 12-hour sentencing hearing in federal court has left a defendent serving a maximum sentence for failing to pay his court-ordered child support.

Jamie Edelkind, 43, from Massachusetts, was sentenced yesterday to two years imprisonment to be followed by one year supervised release, announced U.S. Attorney Donald Washington. Edelkind was also ordered to pay more than $94,000 in restitution and is to begin monthly installments of $2,500 with 30 days of release from federal custody.

Edelkind was found guilty of willful nonpayment of child support by a federal jury in June 2006. The case is the result of investigations that began in 2002 by the U.S. Department of Health and Human Services, Office of the Inspector General.

Jamie Edelkind conviced of child support violation

Associate Press story:

Convicted man owes $87,221 in child support

June 22, 2006
LAFAYETTE, La. A 43-year-old Massachusetts man has been convicted on federal charges of not paying $87,221 in past due child support to children in Louisiana. The U-S Attorney' Office says Jamie Edelkind faces up to two years in prison after his conviction.

Federal prosecutors say that while Edelkind claimed he had no resources to pay the child support, he was living a lavish lifestyle, spending thousands of dollars on clothes, lunches and shopping sprees.

Edelkind has already been sentenced to five years in prison and ordered to pay three-point-three (m) million dollars after his conviction last year on federal bank fraud charges.

In that case, he was accused of giving false financial information to secure loans to purchase and restore a seaside mansion in Massachusetts that was once the summer home of President John F. Kennedy's grandfather.

Hull Times Story

Earlier stories

Jamie Edelkind sentenced to five years

More as the news escapes.

Most recent article (June 8, 2005)

Sentencing information

Legal news about Jamie

The Patriot Ledger from South Of Boston.com has a pretrial (February 3, 2005) story on Jamie. Here is a link to the story on their website.

Federal Fraud Conviction

March 10 Followup story from Partiot Ledger on the 2005 Fraud conviction:

Mansion makeover leads to bankfraud conviction: Owner of 'Honey Fitz' home faces prison, fine (with a local copy for archiving).

Originally from http://www.wrgb.com/news/regional/regional.asp?selection=article_30242

Wednesday, March 9, 2005 12:26 PM

Hull man convicted in $3.3 million bank fraud

(Boston - AP) — A federal jury has convicted a Hull man of fraudulently borrowing three-point-three million dollars to purchase and restore a mansion once owned by President Kennedy's grandfather.

Prosecutors said Jamie Edelkind lied about his wife's employment and finances in order to secure an ever-larger series of loans between 2001 and 2004, using each new loan to pay off the previous one.

He used the money to buy and renovate the "Honey Fitz" mansion in Hull, the one-time summer home of former Boston Mayor John Fitzgerald. He was the father of Rose Fitzgerald Kennedy, whose children included John F. Kennedy, Robert F. Kennedy and Massachusetts Senator Edward Kennedy.

Edelkind was convicted on four counts of bank fraud following a six-day trial.

Sentencing will be in May.

(Copyright © 2005 by The Associated Press. All Rights Reserved.)

Man Convicted In $3.3M Bank Fraud
Mansion Once Owned By JFK's Grandfather

 

HULL, Mass. — A federal jury convicted a Hull man of fraudulently borrowing $3.3 million to purchase and restore a mansion once owned by the grandfather of President John F. Kennedy. Prosecutors said Jamie Edelkind, 41, lied about his wife's employment and finances in order to secure an ever-larger series of loans between 2001 and 2004, using each new loan to pay off the previous one. He used the money to buy and renovate the "Honey Fitz" mansion in Hull, the summer home of former Boston Mayor John Fitzgerald, father of Rose Fitzgerald Kennedy, whose children included President Kennedy, U.S. Edward Kennedy and former U.S. attorney general and Sen. Robert F. Kennedy.

After a six-day trial in U.S. District Court, Edelkind was convicted Tuesday of four counts of bank fraud. At his sentencing on May 24, he faces up to 30 years in prison on each count, along with a maximum fine of $1 million. Edelkind, who filed for bankruptcy in October 1999, used the name of his wife, Nancy, on all the loans. He listed fictitious employment and income information, forging tax and payroll records to back it up, prosecutors said. As the loans got bigger, so did his wife's income. By August 2004, he was claiming that she made $1.1 million per year as chief operating officer for a company called Apostille, Inc.

Prosecutors said company was incorporated by Edelkind in 2000 but never got off the ground, and Nancy Edelkind was in fact a full-time homemaker with no income. She fled to Norway last October, according to the U.S. Attorney's office.

Copyright © 2005 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Here is a copy of a Press Release from the US Attorney's office. The release was originally published on http://biz.yahoo.com/prnews/050309/new022_2.html

Hull Man Guilty in $3.3 Million Bank Fraud

Yesterday afternoon a federal trial jury convicted a Hull man of four counts of bank fraud in connection with a series of loans which he secured with mortgages on a luxury residence in Hull, Massachusetts.

United States Attorney Michael J. Sullivan and Kenneth W. Kaiser, Special Agent in Charge of the Federal Bureau of Investigation in New England, announced that JAMIE EDELKIND, age 41, of 940 Nantasket Avenue, Hull, Massachusetts, was found guilty by a trial jury sitting before Senior U.S. District Judge Morris E. Lasker on all four counts of bank fraud.

Evidence presented during the six-day trial showed that between January 2001 and August 2004, EDELKIND obtained an ever larger series of loans, using each to pay off the previous one, until his borrowing reached $3,300,000. In addition to the primary mortgages, which ranged from $800,000 to $3,300,000, EDELKIND obtained multiple home equity lines of credit as high as $350,000, all on the strength of false representations about his wife's employment and finances. With the borrowed money, EDELKIND was able to purchase and restore the "Honey Fitz" mansion in Hull, Massachusetts, once owned by former Boston Mayor John "Honey Fitz" Fitzgerald, father of Rose Fitzgerald Kennedy. Evidence at trial showed that proceeds of the final refinancing were wired to Norway, where his wife fled in October 2004.

EDELKIND, who filed for bankruptcy in October 1999, used his wife's name on all of the loans. EDELKIND prepared loan applications in his wife's name, listing fictitious employment and income information, backed up by forged tax and payroll records. EDELKIND fabricated a variety of documents, including forged "W-2" Wage and Tax Statements and tax returns. As the loans got larger, the amount of income claimed grew as well. Early in the scheme EDELKIND submitted records showing that his wife had an annual income of roughly $200,000 — by the end he claimed she earned $1.1 million as Chief Operating Officer of a company called Apostille, Inc.

In actuality, EDELKIND's wife was a full-time homemaker, with no earnings. As for the company Apostille, EDELKIND himself incorporated a business in that name in June 2000, however witnesses testified that the business never got off the ground and never paid salaries to anyone. In reality, employment verifications from Apostille's "HR Director" were provided by an au pair who lived in the EDELKIND home. To maintain the charade that Apostille operated a substantial business, EDELKIND used a variety of different street addresses for Apostille, including one which — his former postal carrier testified — would have been in the Atlantic Ocean.

Senior Judge Lasker scheduled sentencing for May 24, 2005. On each count EDELKIND faces up to 30 years' imprisonment, to be followed by up to 5 years of supervised release and a maximum $1,000,000 fine. The United States is also seeking forfeiture of the Hull mansion, as well as the cash-out proceeds of the last refinancing.

The case was investigated by Special Agents of the Federal Bureau of Investigation. It is being prosecuted by Assistant U.S. Attorneys Kristina Barclay and Paul Levenson.

Source: U.S. Attorney

2004 legal actions

A person named Jamie Edelkind was indicted in the US District Court of the Norther District of George, Atlanta Division for alleged crimes listed in this copy of the Indictment against Jamie Edelkind. A subsequent felony conviction was made according to this copy of the judgement against Jamie Edelkind.

Legal actions from a few years ago.

A person named Jamie Edelkind, and a company named Sage Technologies are also listed in the U.S. Securities and Exchange Commission website. There are litigation release information at http://www.sec.gov/litigation/litreleases/lit1q96.shtml

Linked documents include:

• 9/26/1997 lr15512.txt SECURITIES AND EXCHANGE COMMISSION V. SAGE TECHNOLOGY, INC., JAMIE EDELKIND, AND WILLIAM R. THIELE, ...
• 05/21/1997 lr15370.txt SEC v. Sage Technology, Inc., Jamie Edelkind and William R. Thiele, (Civil Action No. The Securitie...
• 03/18/1996 lr14846.txt SECURITIES AND EXCHANGE COMMISSION v. SAGE TECHNOLOGY, INC. ET AL. The Commission announced that on ...
• 03/05/1996 lr14834.txt SECURITIES AND EXCHANGE COMMISSION v. SAGE TECHNOLOGY, INC. ET AL. The Commission announced that on ...
• 02/15/1996 lr14818.txt SECURITIES AND EXCHANGE COMMISSION v. SAGE TECHNOLOGY, INC. ET AL. The Commission announced that on ...

2005 articles

February 3, 2005, Hull Times. Here is a link to the story on their website. Here is a link to a local copy of February 3, 2005 Hull Times article, reprinted with permission of the copyright holder.

2004 articles

South Shore News article, link to South Shore NewsMarch 11, 2004 article and local copy of same article. The lead in this article says: "A Hull man appears in Federal court on bank fraud charges. The Patriot Ledger reports that 40 year old Jamie Edelkind allegedly used his wife's name and falsified financial information to obtain three loans of more than two million dollars..."

Patrior Ledger article, link to Patriot Ledger March 11, 2004 article and local copy of same article. The lead in this article says: "A Hull man was charged in federal court yesterday with bank fraud in connection with loans he used to buy and renovate a 15-room Tudor mansion that once was the summer home of John F. “Honey Fitz” Fitzgerald, the legendary Boston mayor and father of Rose Kennedy."

Hull Times article, by Stephen Martin. The Hull Times can be contacted at HULLTIMES@aol.com A local copy of the Hull Times article.

2003 articles

A recent copyrighted [reproduced below with permission of the copyright holder] article in the south Boston The Patriot Ledger, dated July 29, 2003 says:

July 29, 2003
Hull man indicted on $600K fraud charge
By STEVE ADAMS
The Patriot Ledger

A Hull entrepreneur who spun grand visions of a groundbreaking anti-piracy system for CDs and DVDs has been indicted by a federal grand jury for a $600,000 check-kiting and bank fraud scheme.

U.S. marshals are delivering Jamie Edelkind to Atlanta this week for his arraignment on a 25-count indictment, said Richard Langway, an assistant U.S. Attorney for the Northern District of Georgia.

Prosecutors allege that Edelkind churned out a trail of counterfeit checks totaling more than $300,000 during 1999, when he was living in the Atlanta area.

He is also charged with taking out a phony home equity loan in Georgia that netted him $221,000 and falsely declaring personal bankruptcy to stave off his creditors.

“There's plenty of ways you can take advantage of your creditors and live the high life,” Langway said. Edelkind founded a new company named Apostille last spring with the hopes of raking in several million dollars from investors to develop a process that would make CDs and DVDs immune to piracy. He ran the company out of his family's 15-room Tudor mansion at 940 Nantasket Ave. in Hull, which is the former summer home of John F. “Honey Fitz“ Fitzgerald, the legendary Boston mayor and father of Rose Fitzgerald Kennedy.

Edelkind was arrested earlier this month in Louisiana on charges of non-payment of child support, Langway said.

The federal indictment traces a series of transactions that began Nov. 24, 1998, when Edelkind allegedly obtained a $221,000 home equity loan from First Union National Bank on a property in Cobb County, Ga. Prosecutors say Edelkind had taken out two previous loans and had little or no remaining equity in the property, which was assessed at $262,000.

Edelkind is also charged with repeatedly depositing worthless or counterfeit checks in various bank accounts he had set up in January 1999. Some of the checks were from Edelkind or businesses he had run or worked for. Others were from outside parties, including the University of California-Irvine.

Many of the checks bounced, but not until Edelkind had already withdrawn the money from the account, Langway said.

The most serious of the charges, bank fraud, carries a maximum penalty of 30 years in prison for each count.

Edelkind was fined $350,000 by the Securities and Exchange Commission in 1997 for securities fraud violations, including misstating the financial condition of his previous company, Georgia-based Sage Technologies, and overstating his academic credentials. After Edelkind said he was unable to pay, a judge reduced the penalty to $27,195 and ordered him to forfeit $23,852 in ill-gotten gains.

In an interview with The Patriot Ledger last year, Edelkind said the puffed-up credentials were distributed by a co-worker without his authorization. He said he graduated from an Atlanta high school “before the age of 15,” but did not remember the name of the school.

“I'm not just some crackpot who came out of the woodwork,” he said.

Two years ago, Edelkind's wife, Linda, paid $900,000 for the Hull mansion once owned by Fitzgerald, grandfather of the late-President John Fitzgerald Kennedy.

There was no answer at the Edelkind home yesterday.

Steve Adams may be reached at sadams@ledger.com.
Copyright © 2003 The Patriot Ledger
Transmitted Tuesday, July 29, 2003

Another recent article, from the Hull Times, Friday August 8, 2003. Copyright © 2003, The Hull Times, is reproduced below with permission of the copyright holder.

Hull man arrested on bank fraud, check-kiting charges.

By Stephen Martin

US Marshalls are detailing Hull resident Jamie Edelkind after arraignment proceedings in Atlanta, Georgia on July 13, at which time the entrepreneur was charged with 25 counts of fraud.

Federal agensts located Edelkind in Lafuette County, Louisiana last month, after a federal grand jury had issued a criminal indictment against him. The June 24 indictment charges him with 13 counrs of having depositied worthless checks totaly more than $168,000, 10 counts of passing more than $235,000 in counterfit checks, one count of bank fraud amounting to approximately $221,000, and one count of bankruptcy fraud, all in 1999.

Among the defendant's alleged victimrs were First Union National Bank, Prioneer Credit Company, and New Century Mortgage Corp, all of which unwittingly granted "equity take-out" loans for the same piece of property in Cobb County, Georgia. Prosecutors say he also decieved Wachovia National Bank, South Trust Bank of Georgia, and Mercedes Benz Credit.

Edelkind could spend up to 30 years in prison for the bank fraud count alone.

Additionally, during Edelkind's arrest, police discovered an outstanding warrant for non-payment of child support, according to Richard Langway, assistant US attorney for the Northern District of Georgia. The arrears are allegedly owned for the support of one minor child, the product of a pervious marriage, currently living in Louisiana.

Although authorities would not divulge the amount of child support Edelkind owes, one Louisiana child support worker deemed it a "very substantial amount of money."

"He's a bad seed," the official, wishing to remain anonymous, said. "We've been looking for him for a long time."

While officials wouldn't say how much Edelkind owes in child support, the Louisiana Dept. of Social Services Non-Custodial Parent Delibquency List, posted to the Internet on Feb. 12, reports the sum as $65,133.91.

Edelkind had been residing at 940 Nantasket Ave, the 15-room, seven-bedroom Tudor mansion once owned by former Boston Mayor John F. "Honey Fitz" Fitzgerald, father of Rose Kennedy and grandfather of President John F. Kennedy. From the house, Edelkind reportedly operated a new company, titled Apostille, the latest in a series of self-started businesses. It was reportedly been his intention to attract millions from investors interested in the development of an anti-piracy program for CDs and DVDs.

Town records reveal that the defendant's wife, Linda Edelkind, purchased the historic property in January 2001, for $900,000. Linda Edelkind could not be reached for comment about hier husband's arrest.

In December 2003, the Edelkinds apparently tried and failed to sell a chandelier that once hung in their Allerton Hill home. The sellers, who offered the artifact on the Internet auction site eBay, claimed it was made from the antlers of two deer that were shot by JKF and his brother, Robert F. Kennedy. An article in The Hull Times (12/26/02), however, cast doubt on the authenticity of that claim, by pointing out that JFK was only four years old when the edifice was sold in 1921, and RFK had not even been born.

Edelkind was fined $350,000 by the Securities and Exchange Commission in 1997 for misrepresenting the financial state of a perviously owned company called Sage Technologies. A judge reduced that fine to $27,195, after Edelkind claimed he was unable to pay.

The US District Court for the Northern District of Georgia indictment of Jamie is here. He is the defendant, the indictment does not serve as proof of any wrongdoing.