TBSC's Dexter Cube Seeks Re-Appointment to Downtown Commission

In his Downtown Commission application Cube mentions having a finance degree and his work experience with Paine Webber in Manhattan, and that he lived in New York City for nearly 10 years, but he neglects to mention his time at J.W. Barclay & Co., Inc.

On April 24, 2002, the SEC instituted public administrative proceedings against Emmanuel P. Cube, aka Dexter Cube, stating he willfully violated the Securities Act of 1933 and the Securities Exchange Act of 1934, and found that he defrauded his customers.

The SEC stated in its findings that Dexter Cube made unauthorized purchases and sales of securities in the accounts of at least two customers, and that he "churned" the account of at least one customer. He controlled the customer's account, and traded excessively in it in light of the customer's investment objectives, the SEC stated. Cube was also found to have made unsuitable purchases and sales of securities in the accounts of at least two customers.

Dexter Cube was barred by the SEC from association with any broker or dealer for five years and was ordered to pay a penalty of $40,0000. This wasn't the only fraud case against Cube in which he was fined thousands of dollars, and the true nature of Cube's past is still to be discovered.

One alarming statement in Cube's Downtown Commission application is that he believes he can be someone that immigrants can trust. "I look to provide a voice and insight for many who can feel that they can turn to me," he writes in the application.

Take Back Santa Cruz is a group that says they work to increase public safety, but in reality they mainly target homeless people through politics.

An article published in 2010 on Indybay titled "Was Tough-on-Crime Take Back Santa Cruz Founded by a Corporate Criminal?" offered an analysis of the hypocrisy of TBSC and its leader Dexter Cube:

"......TBSC’s goal is to promote “tough on crime” policies. When asked who they are taking Santa Cruz back from, they reply “criminals”, and they encourage people not only to call the police when they see anything suspicious, but to sit in on court cases to show our judges that Santa Cruzans want tough sentencing. Ironically, it appears that their founder Emmanuel “Dexter” Cube is himself a criminal."

Other applicants for the Downtown Commission include Robert Singleton of Civinomics, a somewhat conservative poling firm based in Santa Cruz.

Other sitting members of the current Downtown Commission are Chair Zach Davis, Matt Farrell, Karl Heiman, Jesse Nickell, Casey Coonerty Protti, and Ron Slack. None of them are politically progressive.

References

ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS AND A CEASE-AND-DESIST ORDER PURSUANT TO SECTION 8A OF THE SECURITIES ACT OF 1933 AND SECTIONS 15(b) AND 21C OF THE SECURITIES EXCHANGE ACT OF 1934 AS TO EMMANUEL P. CUBE
http://www.sec.gov/litigation/admin/33-8201.htm

Was Tough-on-Crime Take Back Santa Cruz Founded by a Corporate Criminal?
https://www.indybay.org/newsitems/2010/06/02/18649646.php