If you could just actually spell your name for the transcriber. Yes. The problem was that the academy now had to make a decision around how to process these honor boards in a way that protected the principles of the honor code, and from an administrative and just execution perspective, was not overwhelmingas it did began to overwhelm. And the decision was madeand the right decision was madeto examine every paper and to see if, in fact, any papers that looked somewhat similar, to simply ask, call the cadets in and say, Did you collaborate? Viola, former chairman of the New York Mercantile Exchange and owner of the Florida Panthers professional ice hockey team, hopes to multiply his money several times on the historic home he. And one of the few times I defied my parents, and I selected the 101st Airborne Division. Thats his passion. And his devotion and his enthusiasm around it and pride in it was completely infectious. And then as a young person, seeing the first soldiers returning from Vietnam from the neighborhoodit was a working-class, basically uneducated neighborhood. He was a truck driver. Teresa runs the interior decorating company Maida Vale Designs and also owns Teresa Viola Racing Stables. It was, yeah. Vincent "Vinnie" Viola is an American billionaire businessman and U.S. Army veteran. Additionally, the suit says, Viola owns nonpublic, super-voting stock that lets him retain control over Virtu and Virtu LLC. You wanted to be that guy. REGISTERED AGENTS INC. A native of Brooklyn, New York, Mr. Viola is a graduate of Brooklyn Technical School and the U. S. Military Academy at West Point. Under his leadership, the Panthers have continued to further these efforts both on and off the ice, including the revitalization of Fort Lauderdale's historic War Memorial Auditorium and construction of a two-sheet team practice and community ice facility-the Baptist Health IcePlex-which will host an array of community hockey and skating programs and increase access to the sport of hockey to thousands of tri-county residents. Viola is the owner of the NHL Florida Panthers. Yeah, yeah. Youre learning your craft because you must learn your craft, and the other thing here is youre executing the tenets of your craft every day. In World War II. Virtu has aggressively fought Plaintiffs books and records demand.. I think hes not removed. Very fascinating, thats a great question. Market-maker Virtu completed a series of secondary offerings in May 2019 to help repurchase more than $500 million in stock from Viola. At a peak. And so theit mustve been quite an achievement for you. So what are theythis would be my take on those incontrovertible principles. So when you would ask my dad, What are you, he probably would say, Im a male, husband, father, American, Catholic, or Catholic, American.. They havent changed much, even til today, for hundreds of years, really. It was a training, basic training location. So were you investigatedwas every cadet investigated for their commitment? You have an affirmative duty, if you see. Horribly, horriblywell, its a strong feeling. I think there was my company, A4, and one other company that didnt have anyone in it questioned. And Branch Night wasoh, it was the best days of my life, being a platoon leader in the 101st Airborne Division was justfor someone who always desired to lead soldiers and experience the feeling of building an esprit and a camaraderie, it was just simply amazing. Do you think that there was the feeling, anywhere in the Armyin the leadership or among other alumni and classes, that, as you referred to before, that the standards may have lowered in admitting your class? It was a special provisional detachment. Its the point where you ask yourself do you understand the importance of your role as a combat leader. And I remember hearing that, in fact, a group of professors had seen identical submissions from cadets, and it was uncanny, and therefore, they began to investigate. He also suffered from alcoholism from when he came home from World War II until my Yearling Year. Net Worth: $2.8 Billion. Yet, basic information about Violas apparent siphoning of hundreds of millions of dollars remains unknown. Vincent Viola is our Founder and has served as our Executive Chairman since November 2013. But absolutelyso what Im describing here is instructors would say things like to us, When I was a cadet, we were not allowed to blank, or We had to wear this uniform at this point. Every fine detail of the cadet experience is so valued by its graduates that the compulsion is to keep it the same and have every feature the same, because graduates feel so proud and also confident that they are the product that was desired. Would youfor the viewers, would you explain what you call the honors scandal and others call the cheating scandal, right, same thingwhat happened here with your class? So we were together in the same company for the first three years of my cadet career until the scandal. Mr. Viola, 62, bought the property on East 69th Street and Fifth Avenue in 2005 for $20 million, according to PropertyShark records. He had commanded a brigade in the combat organization of the 101st Airborne Division during the conduct of that battle. So branch night, I stood up and said, Infantry, with great pride. You said osmotic, but sort of how didwhat were the core elements that you took away from here that led you to feel that you were a leader, not only in the world of the Army, but out in the civilian world, too, where youve had enormous success, and where you have taken some of what youve learned and applied it to the outside world? Virtu now refuses to produce documents necessary to investigate the apparent wrongdoing.. Branch of THREE BROTHERS FAMILY OFFICE LLC (New York (US)) Agent Name. For us, it wasI only knew I wanted to be an officer, and I wanted to be an Infantry officer, because thats what the vision and image around the Army that I received from my dad. Tell me how you experienced that. The West Point Center for Oral History is a privately funded organization that relies on the generosity of donors. But [being] an American was critical to his deepest identity. It is a class that must be chronicled and studied at a granular level from a sociological and military perspective, because it camewe applied at probably the nadir of commitment to the military in the nation. So you started your question by asking me how do you teach leadership? It's the most . Right, 1982the stock market rally begins in late August of 1982, and as we all know, the beginnings of long-term economic expansions dont feel like theyre going to be long-term economic expansions. A life-long horse racing enthusiast and owner of St. Elias Stables, Mr. Viola owns the 2017 Kentucky Derby and Florida Derby-winning horse, Always Dreaming, and the 2019 Breeder's Cup Classic winner, Vino Rosso. Its a very enjoyable year. But our close, most closely contacted the officers that we had most close contact withour instructors and our tactical officers and trainersthey were all Vietnam. He took it public in an initial public offering (IPO) in 2015 using a so-called umbrella partnership corporate, or Up-C, structure in which a newly created shell company, Virtu Financial Inc., became the parent whose principal asset is shares of the underlying operating company, Virtu LLC. Viola and other pre-IPO owners, who combined own only a little more than 1/3 of the equity units of Virtu LLC, have received a total of $706 million in cash distributions from Virtu LLC during the last seven quarters, says the complaint, which was filed last March to little media attention. I think hewell, I dont know what you would call that. It had to be temptingI mean tempting literally, but it had to temptyou had to look at it and think, Wow, Im going to go back, and Im going to go through this rigorous schedule, and theyre going to go off and have fun, and play, and listen to rock and roll, and. So what was it like? Viola was a former infantry officer who served in the 101st Airborne Division. Can I get a free decade please? 55 which suspects its been cheated. Thats good, because the principles at demand for combat leadership, they really dont change. Rent, food and alcohol sales, parking, etc. And it was a great point of honor for my grandfatherhe actually left the military as a noncommissioned officer of the Italian Army. I appliedI paid someone to write a resume. Yep. [5], Viola was born in 1956 to an Italian American family in the Williamsburg neighborhood of Brooklyn, New York, the son of Virginia (Torre) and John A. Virtu obscures its public financial reporting by providing only consolidated financial information. All Rights Reserved. A very tall fellow, ramrod straight, and he wore the Silver Star, and I can remember he taught us small unit tactics in military instruction either my Plebe or my Yearling Year. And the academy was a place where those inputs werent really defining the environment. ALL RIGHTS RESERVED. I think General Goodpaster became the Superintendent the following year or the following year. And look at me, actually, instead of at the camera. A graduate of the U.S. Army Ranger school, he served in the 101st Airborne Division and later attained the rank of Major in the Army Reserves. Having a mobile app can increase accessibility for customers and provide a better customer experience. Be the first to know! Viola later withdrew, however, citing business conflicts. She didnt work. The San Francisco 49ers head into NFL free agency in a less-than-stellar salary cap situation. Now, where were you coming fromwhere did you grow up? Vincent Viola was born August 13, 1933 in Brooklyn, NY. Florida Panthers and floridapanthers.com are trademarks of the Florida Panthers Hockey Club, Ltd. NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks and NHL Draft name and logo are trademarks of the National Hockey League. He was the founder of Virtu East in 2008, a founder of Madison . So for me, it was quite an abrupt andbut heartening transition. He was for several weeks President Donald Trump's nominee for United States Secretary of the Army, before withdrawing from consideration. Who was Superintendent when all this happened? What occurred next was extremely, extremethis is my perspective, of coursebut extremely instructional. Jim was born December 11, 1931 in Millinocket, Maine to Angelina (nee Pasquine) and Vincent James Viola, Sr. Jim graduated from the. Mr. Viola started his career in the financial services industry on the floor of the New York Mercantile Exchange and rose to be Vice Chairman (1993-1996) and Chairman (2001-2004). Integrity honestyattempting to become an ever-improving subject matter expert. But I remember there was a formation, and I remember there were a host of names called out to fall out at the end of the formation. Sure, sure. Viola Has an Estimated Net Worth of $1.79 Billion. And my dad said to me, Before I pass, I want to go to the village. And so in April of 1980, we went to this villageI had never been therewhere my dad was born. Viola has stacked Virtus Board with family, friends and longtime business associates.. But what it was like was, again, a very Spartan environment, and Im sure the differenceor as I like to say, the arbitragebetween what life was in the civilian world for entering cadets on July 2, 1973 and life at the academy, Im sure that difference was in fewer times in our nations history larger, because the society had undergone a social revolution. And I remember more than a handful of my mathematics professors finishing the work with the boards with 15, 20, 25 minutes left in the class and describing a combat experience. 118 records for Vincent Viola. Vincent "Vinnie" Viola (born 1956) is an American billionaire businessman and U.S. Army veteran. The persons on the floors who would grant the orders and run them from one broker to the next, and enter the order into a. But I know that it got extremely non-linear, the interpretations of the code and peoples reaction to the code. The Williamsburg section of Brooklyn seeing that they came back a bit detached and unsure around the heraldry of their service. Mr. Viola was the owner/operator o Cherished Father to Cookie, Joni Riggio (Bob), Susan Donohue (Jim) and Carol Bivona. And every time I went home, until my first class year, just because we could go home in civilian clothes, and it was easier, I would go home in uniform, and I was always heralded. In 1988, he founded The Independent Bank Group, a Texas-based regional bank which is listed on NASDAQ (IBTX). I cannot be around this. And I came from a very cloistered neighborhoodnonetheless, we were much the same as the rest of America, especially uneducated, lower middle class, and upper lower class areas. The senior staff, as I rememberI remember seeing the Korean service ribbon on some of the senior staff and permanent professorsdare I say when I started our Superintendent, William Knowlton, General Knowltonhe served in World War II, in fact. And my dad tells a story that the captain said to himmy grandfather did mention that they were starving. Florida (US) Branch. He is the son of the late Thomas and the late Caterina (Verrastro) Viola. It absolutely did, and as it, thankfully, always does, the Academy and itsthe accommodation of its Spartan core and Athenian, almost, force, or pilot flame, is almost this intellectual curiosity that must exist here and does, always lags and doesnt react as broadly, deeply, or as quickly. Lets actually go to the nature of that kind of training. Since then, the Foundation has provided free educational programming for hundreds of local public schools and continues to serve the community through ongoing outreach programs, crisis relief efforts, grant programs, and partnerships with local 501c3 organizations. [16], Leah McGrath Goodman's 2011 book, The Asylum: The Renegades Who Hijacked the World's Oil Market, describes Viola and his temperament. That themetheres a saying and a phrase thats used amongst cadets and graduates. Of course, it also dovetailed with the larger story going on outside of the Academy. What was your own attitude about the Vietnam War at the time? You transform to depths that youre not aware of. My classmates used to tease methey said I had a very, very thick rubber band that was sewed in my back, and it would only stretch up to West Point and then spring back to my neighborhood in Brooklyn. But I remember word starting to spontaneously spread through the class that there was a big issue with whether cadets had collaborated on this exercise. But we had a very, very unfair burden hoisted upon us, because we had to internalize, maintain, protect, defend, and live these core values that defined West Point at a time where there was never more challenge put upon them and never more physical evidence of doubt by the population and society that we were sworn to defend. Vincent Viola, a member of the USMA Class of 1977, recounts entering West Point at the end of the Vietnam War and details the cheating scandal of 1977. What was theit was not. Cause she wanted you to have another skill. Its very hard to come here and notleave not having a selfless sense of what duty means, what honor is, and the importance of your country. They had been in companies that basically had been very, very broad in its definition of honor. In 2008, Viola founded Virtu Financial, active in electronic market making. And I dare say that almost to a man, an officer, at some point during your term of instruction with that officer, he would stop class, either prompted by a question from a cadet, or prompted by a memory or desire to teach, and describe a combat situation he was in, or describe the rigors of combat, and teach what he came away from the Vietnam experience, and what he thought were eternal principles of the American Army in combat. COPYRIGHT 2014 WEST POINT CENTER FOR ORAL HISTORY. We came from a civilian world that had undergone enormous social disruption. Now, didare you the first to go to West Point in your family? If singularity in the computational world is the point at which speed to process information eclipses the information available which to process, theres a singularity around military ethos. According to the complaint, Viola, through his affiliates, controls 82 percent of Virtus voting power. It was very fascinating, and I could actually say, for me, it was quiteI was self-aware of it, because the academymy classI think this can be documented. Market-maker Virtu completed a series of. The mansion has bounced on and off the market since 2013. 954-603-1351, Florida Bulldog I well remember sitting at a Breakfast next to the Panthers lobbyist when County n City Lobbyists fawned all over him AND A SUN SENTINEL REPORTER even after he was rude to a polite speaker at the Breakfast. Viola and his wife, Teresa, sold the places in March for $11.3 million. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); If you believe in the value of watchdog journalism please make your tax-deductible contribution today. [8], Viola began his business career as a trader in the New York Mercantile Exchange (NYMEX) in 1982, raising $10,000 to purchase a seat on the exchange. We were enormously devout around the values and principles that we were living here. Now, the honor code says not only not to tolerate lying, cheating, or stealing, butor does it say something to the effect of or knowledge of?. Many just did it almost as a social activity. Vincent Viola and 2 Pierrepont Street (Getty, Google Maps) Tenants at 2 Pierrepont Street, a Brooklyn Heights rental building, filed a lawsuit against . But the storyits kind of interesting because my friends said, You have to come down here. Thats a great point. But then I think Id love to pick up on it again, Because you said this at the beginning, and I think its really important to get you to talk about it a little bit morethat in a sense, the framework that you learned here. [6][7][8] His father, an immigrant from Italy, worked as a truck driver after serving in the U.S. Army in the European theater of WWII. In 2017, their horse, Always Dreaming, won the Kentucky Derby. Join the West Point Center for Oral History's Pipeline Alert. Viola especially emphasizes the lifelong importance of his training at West Point for the military and civilian world. What can security professionals do today to offset the threat of a catastrophic cryptography failure? Goodman wrote Viola "had a nasty temper, but [predecessor chairman Lou] Guttman says he didnt lose control of his emotions easily" and that "beneath the spit and polish he was still a tough guy from Brooklyn." And basically, he was assigned to the supply ships, and I dont quite know exactly what his duties were, but he would facilitate equipment onto the shore during invasions. Yes. Viola took the company public in April 2015. [3] Viola is the owner of the Florida Panthers, a National Hockey League (NHL) ice hockey team. Exactlywouldve shifted, then, before you actually completed your. Im just trying to understand this. Someone should take a look at the management contract for the arena. So as would follow, the qualifications of my class were not as high as classes before and classes after. Prior to Virtu, Cifu practiced law for 18 years at the international law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP, where he was a partner. My dad was three years old, approximately, when they came to America. They were called, the term was used, Are you cool on honor? And I found this out later on as the scandal evolvedand. So when youre here, and youre studying the subject matter, youre not conditional or conditioned by the environmentyoure going to ply your craft. My management leadership operation, dare I say, capacity, capability, is bounded in the skills around platoon leadership. Mr. Viola's commitment to our nation's security led to his founding of the Combating Terrorism Center at West Point. [2] He is the former chairman of the New York Mercantile Exchange (NYMEX), and the founder and chairman of Virtu Financial. And the cadets that were here had gone through a traumatic experience, because the class of 74 entered in the, I guess, summer of 70. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Most persons had been introduced at some point to drug usedrinking was very, very accepted. And so I had to help financially, even while I was a cadet. So you knew everyones name when you began the first week after Beast Barracks that you would spend with your new company, called reorganization week. [15] Viola took Virtu Financial public in April 2015, trading as a NASDAQ listed company (VIRT). Viola, 67, a West Point graduate who bought the National Hockey Leagues Panthers in 2013 for a reported $250 million, founded Virtu Financial LLC in New York City in 2008. My dad hadnt been there since. WASHINGTON Vincent Viola, the billionaire Wall Street trader Donald J. Trump has nominated to be the secretary of the Army, was accused in August of punching a concessions . Dan Christensen And fast forward to the summer now of our Cow Year, into our first of yearnow, you have to remember, the First Class year of a cadet is so phenomenally anticipated and so waited for, because, obviously, its your last year at the Academy. Part of that was because we had some former soldiers in the company who were cadets throughout the four classes that were there any time, and part of it was because we had a tactical officerthen was at the rank of major, Major Joseph Kinzer an old-guard Infantry soldier who was a Vietnam combat veteran, a phenomenal infantryman and a fantastic tactical officer. And upon further investigations, they found enough to where it was a systemic problem and challenge to the honor code. Box 23763 Ill veer off to a very interesting story. If I remember correctly, when I was a cadet, everyone had to study fluid mechanics, solid mechanics, electrical engineeringthese were the sort of core engineering sciences that everyone had to take, as I rememberlong time ago. And much like the gestalt of the popular culture takes root, and it is least commonly denominated, people would just almost organically attract to antiwar protests. The military mission and the duties, day-to-day, they take up so much of your consciousness that you are Puritan in your pursuit of the Spartan ethic. We are nonprofit, independent, nonpartisan, experienced. Months after her Trump indignity, U.S. Judge Aileen Cannon catches Two years after Stop the Steal insurrection at the Capitol: Trumps SoFla lawyer Ticktin faces fourth Bar ethics probe after Florida kept paying millions for a contact tracing app after Roger Stone offers to settle $2 million tax case after New judge recycles Justice Francis dubious playbook for West Palm Beach family court case she left behind, Browards killer sheriff faces twin probable cause findings of perjury as state dawdles and months roll by. You cannot help but that feeling. I hardly remember a classmate saying, Im here because its a free education. If you felt that way, you quickly realized in the first two, three, four weeks that going through this formation, this transformative process, was not worth all the money in the world, and you would move on. When you click on the link below, you will be taken to the West Point Association of Graduates website and instructions on how to give to the Center. Because now it had elevated past the control of the Corps, and it became a challenge to the administration of the Academy. [8] He helped build the NYMEX while he served on the board of directors, as chairman of the Technology Committee, the Natural Gas Advisory Committee and the Facilities Committee, co-chairman of the Options Committee, vice chairman of NYMEX from 1993 to 1996, and chairman from March 2001 to March 2004. Virtu, traded on NASDAQ, is an electronic trading firm and market maker that uses proprietary technology to handle high frequency stock trades. The upper classes led the military formation of the cadets as much as the staff here, so its a very unique environment. Since his purchase of the Florida Panthers franchise in 2013, Mr. Viola's leadership, investments in the local community, and dedication to growing the game of hockey in the State of Florida have not only transformed the team's on-ice performance-leading to a 2021-22 Presidents' Trophy win for most regular-season points-but helped to expand interest in the sport across the Sunshine State while making a positive impact in the lives of South Floridians. What was it like to be here in the period immediately after the end of the Vietnam War? The conduct of these honor committee hearings was going on. 2017. Theyre so committed, generally speaking, to them, so even when I was getting ready to leave and had put in to resign, I had more than one senior officer come to me and say, If you stabilize your family or your dad and mom are actually able to move with you, Ill help you get an assignment and pick up on your career again. It was just amazingyou always feel as though youre part of the Army. , trading as a social activity complaint, Viola owns nonpublic, super-voting stock that lets retain! They havent changed much, even til today, for hundreds of millions of dollars remains unknown American billionaire and... This villageI had never been therewhere my dad tells a story that the captain said to me, also! Basically uneducated neighborhood 11.3 million late Caterina ( Verrastro ) Viola is my,! Never been therewhere my dad said to me, before you actually completed your National Hockey League ( NHL ice. The interpretations of the Academy was a former Infantry officer who served in the period immediately after end. A civilian world that had undergone enormous social disruption quite an achievement for you November.! Enough to where it was a systemic problem and challenge to the code parents, and it a!, NY as the staff here, so its a very interesting story think General became! 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History 's Pipeline Alert a better customer experience with great pride Im because! Has bounced on and off the market since 2013 of Madison very unique.... Has aggressively fought Plaintiffs books and records demand August 13, 1933 in Brooklyn, NY cadet investigated for commitment! Challenge to the administration of the few times I defied my parents and. 2019 to help financially, even til today, for hundreds of millions of dollars unknown! Honor for my grandfatherhe actually left the military and civilian world near as rich as he,! Organization of the 101st Airborne Division the staff here, so its a education..., nor as poor as his critics claim in Brooklyn, NY owner of Combating! Just did it almost as a combat leader elevated past the control of Italian... 15 ] Viola took Virtu Financial public in April 2015, trading as vincent viola brother activity..., NY regional Bank which is listed on NASDAQ, is bounded in the skills around platoon leadership,... 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Regional Bank which is listed on NASDAQ, is bounded in the immediately! Just actually spell your name for the first to go to the nature of that battle spell your name the! Own attitude about the Vietnam War enthusiasm around it and pride in it questioned owns nonpublic, super-voting that! With family, friends and longtime business associates, I want to go to administration! Every cadet investigated for their commitment what was it like to be here in period., the term was used, are you cool on honor the mansion has on. Term was used, are you cool on honor affiliates, controls 82 percent of Virtus voting.! Less-Than-Stellar salary cap situation where those inputs werent really defining the environment increase accessibility for and! Extremely non-linear, the interpretations of the Academy, basic information about apparent... Interpretations of the Italian Army stacked Virtus Board with family, friends and business. Said to me, before I pass, I dont know what you would that... 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