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Bronx Man Arrested For Stealing His Car

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A Bronx man is suing New York’s Police Department for $1 million after he was arrested in front of his children for ‘stealing’ his own car.


Jamieson Prince, 43, said cops surrounded his 2007 GMC Yukon on Nov. 11 and handcuffed him before he was able to drive his daughters to school, the New York Daily News reports.

Prince explained to police that the vehicle was seized by the 28th Precinct in July after his 23-year-old son used it to flee a crash scene in Harlem. Cops said the son hit a pedestrian during the escape and the vehicle was obtained for an investigation.

When Prince arrived at the stationhouse to pick up the vehicle, police said they couldn’t find it. In early November, Prince found the SUV parked near the stationhouse and drove it home before cops came and made the arrest.

"How can the NYPD just confiscate property, lose it, then arrest you for possessing it?"
Prince said. "It's totally wrong. I want an apology."

 

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Peter Treadway, PhD

is an independent consultant and money manager and Adjunct Professor in Asia. He is currently is principal of Historical Analytics, LLC. Historical Analytics is a consulting/investment management firm dedicated to global portfolio management. Its investment approach is based on Dr. Treadway’s combined top-down and bottom-up Wall Street experience as economist, strategist and securities analyst. A monthly letter entitled The Dismal Optimist is produced for clients. Dr. Treadway also serves in a part time capacity as Chief Economist, C T RISKS, a new Hong Kong company that will assist Asian financial institutions with their risk management problems. On the educational front, Dr. Treadway has developed a special Masters level course focusing on securities analysis and discounted cash flow and incorporating elements of standard equilibrium pricing models, behavioral finance and historical trends. This course has been given as Adjunct Professor at the Shanghai University of Finance and Economics (SUFE) and the City University of Hong Kong. From 1965-2000 Dr. Treadway had a distinguished career on Wall Street and with major American financial institutions. For example, from 1978-1981 he served as Chief Economist at Fannie Mae. From 1985-1998 he served as institutional equity analyst and Managing Director at Smith Barney following savings and loans and government sponsored entities(GSEs). He was ranked as “all star” analyst eleven times by Institutional Investor Magazine. Dr. Treadway holds a PhD in economics from the University of North Carolina at Chapel Hill, an MBA from New York University and a BA in English from Fordham University in Bronx, New York.