disinfozone/The_Info_Web
1
0
Fork 0
Code Issues Pull requests Projects Releases Packages Wiki Activity Actions

vault backup: 2026-10-09 16:03:12

Browse source
This commit is contained in:
disinfo.zone 2026-10-09 16:03:12 -04:00
parent a329041390
commit 7a12f01c81
No known key found for this signature in database
38 changed files with 2440 additions and 673 deletions
Download patch file Download diff file Expand all files Collapse all files

18
20 - ORGANIZATIONS/PRIVATE/Allen and Company.md
View file

@ -10,17 +10,29 @@ tags:
- INSLAW
- Hadron
- InvestmentBank
summary: "Wall Street investment bank of Charles Allen where Hadron's Dominic Laiti and Simeon's Paul Wormeli went for capital in September 1983, and which bought 7.8 percent of SCT for an unnamed client before SCT's 1986 bid for INSLAW, the two facts on which INSLAW built its Earl Brian financing theory."
summary: "Wall Street bank of Charles Allen, where Hadron's Dominic Laiti and Simeon's Paul Wormeli sought capital in 1983 and which bought 7.8 percent of SCT for an unnamed client before SCT's 1986 INSLAW bid."
location: "New York City"
created: 2026-09-22
updated: 2026-09-22
relations:
- type: employed_by
with: "[[Philip Scaturro]]"
role: "executive vice president and managing director (2002)"
start: 1983-06-28
reverse: true
fn: 2
---
Allen and Company is the [[New York City]] investment bank of the Allen family. In September 1983 [[Dominic Laiti]], chairman of [[Hadron]], the company controlled by [[Earl Brian]], and [[Paul Wormeli]], vice president of its public-safety software subsidiary [[Simeon]], went to New York to raise capital for Simeon and met at the bank's offices with the executive [[Mark Kesselman]] and "a young man whose last name was Allen." Kesselman later visited Simeon's Northern Virginia offices; he told the investigators of the special counsel [[Nicholas J. Bua]] that he had been asked by [[Charles Allen]] to assist Allen's nephew [[Nathaniel Kramer]] in the analysis, and that he left the firm in February 1984. [[Bill Hamilton]] of [[INSLAW]] held that the trip's purpose was the acquisition of INSLAW and its [[PROMIS]] software; Bua's investigators concluded the thesis was "incorrect."[^1]
About 1985 or 1986 the bank bought 7.8 percent of the stock of [[SCT|Systems and Computer Technology]] on behalf of an unnamed third party. INSLAW cited the purchase, in its rebuttal to Bua's report, as evidence that Brian was secretly behind SCT's attempted hostile purchase of INSLAW in 1986. The Justice Department's 1994 review rejected the inference as unsupported and noted that on INSLAW's own theory Brian by then already controlled the enhanced PROMIS and was selling it abroad, leaving him no motive to buy the company. Neither the Bua report nor the [[House Committee on the Judiciary|House Judiciary Committee]]'s report connects the bank to the financing of Brian's later Infotechnology, [[Financial News Network]] and [[United Press International]] ventures, which collapsed in 1991.[^1][^2]
[[Philip Scaturro]] was executive vice president and managing director of Allen and Company Incorporated in June 2002, when the school announced his election as chairman of the board of trustees of the [[New School for Social Research]]. The release describes the firm as "a New York investment bank with a staff of 175 in New York City" and "considered a leading expert in media, entertainment and telecommunications."[^2] Individual contribution records filed with the [[Federal Election Commission]] list Allen & Company as his employer in entries dated June 28, 1983 through October 4, 2006, and again on November 5, 2012, when his occupation is given as retired.[^3] Schedule 13D filings by Allen and Company for iBEAM Broadcasting (July 20, 2001), Convera (January 7 and 24, 2002), Chaparral Resources (May 22, 2002) and Aros Corporation (October 21, 2002) list "Philip D. Scaturro" as "Executive Vice President, Managing Director, Director" of the firm, alongside [[Nancy B. Peretsman]] and [[Bill Bradley|William W. Bradley]] (managing director); the holding company Allen Holding Inc. list does not include him.[^4]
About 1985 or 1986 the bank bought 7.8 percent of the stock of [[SCT|Systems and Computer Technology]] on behalf of an unnamed third party. INSLAW cited the purchase, in its rebuttal to Bua's report, as evidence that Brian was secretly behind SCT's attempted hostile purchase of INSLAW in 1986. The Justice Department's 1994 review rejected the inference as unsupported and noted that on INSLAW's own theory Brian by then already controlled the enhanced PROMIS and was selling it abroad, leaving him no motive to buy the company. Neither the Bua report nor the [[House Committee on the Judiciary|House Judiciary Committee]]'s report connects the bank to the financing of Brian's later Infotechnology, [[Financial News Network]] and [[United Press International]] ventures, which collapsed in 1991.[^1][^5]
### Footnotes
[^1]: U.S. Department of Justice. *Report of Special Counsel Nicholas J. Bua to the Attorney General of the United States Regarding the Allegations of Inslaw, Inc.,* March 1993, interviews of Dominic Laiti, Paul Wormeli and Mark Kesselman. https://archive.org/details/InslawPROMISBuaReport
[^2]: U.S. Department of Justice. *Report of the United States Department of Justice on the Review of Special Counsel Nicholas J. Bua's Report on the Allegations of INSLAW, Inc.,* September 27, 1994 (bound with the Bua report in the archive.org item).
[^2]: New School University, "Philip Scaturro Elected Chairman of New School University's Board of Trustees," press release, June 12, 2002 (Wayback Machine capture, 2010 snapshot). https://www.newschool.edu/pressroom/pressreleases/2002/061202_nsu_scaturro.html
[^3]: Federal Election Commission, Schedule A individual contributions, API query contributor_name "SCATURRO, PHILIP" (employer and occupation fields as filed). https://api.open.fec.gov/v1/schedules/schedule_a/?contributor_name=SCATURRO%2C%20PHILIP
[^4]: Allen and Company Incorporated, Schedule 13D officer and director exhibits, accessions 0000932799-01-500047, 0000932799-02-000005, 0000932799-02-000007, 0000932799-02-000059, 0000932799-02-000090. https://www.sec.gov/Archives/edgar/data/904807/000093279901500047/allenhodir.txt
[^5]: U.S. Department of Justice. *Report of the United States Department of Justice on the Review of Special Counsel Nicholas J. Bua's Report on the Allegations of INSLAW, Inc.,* September 27, 1994 (bound with the Bua report in the archive.org item).