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A New York Hero Falls From Grace

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Gabriel Leon Hernandez in action.

On September 22, 2010, a horrific crash on the Bronx approach to the Robert F. Kennedy Bridge in New York City was captured on video. As cars were speeding down the road, a merging tractor-trailer overturned, slid across 3 lanes and rammed a minivan against the median, trapping the driver.

What happened next was truly an act of courage. A man in a black Ford Expedition swerved to the side of the road, got out of his car, checked on both drivers and proceeded to help the occupants out of their vehicles - right on the side of a busy highway.

That helpful man is Gabriel Leon Hernandez. And he was arrested Wednesday morning for events directly related to the accident.

Hernandez was charged with insurance fraud, grand larceny and falsifying business records, according to the police. Allegedly, Hernandez falsely claimed in the weeks after the accident occurred that he was rear-ended by the truck and duped his insurer into paying $21,000 in medical bills and $1,200 for work on his vehicle.

As you can see in the video below, Hernandez's Expedition was clearly not touched by the truck.

According to police, Hernandez truly did undergo body work on his Expedition, but it was for pre-existing damages. Similarly, he underwent shoulder surgery shortly after the accident, but for an allegedly pre-existing condition. Hernandez, when confronted with the video evidence, claimed he was injured trying to remove an occupant from their vehicle. Police have not stated if they believe that claim.

 

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Gabriel Leon Hernandez in action.
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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.