Tuberville Justice vs. "Just Us"

The AP reported:

Sen. Tommy Tuberville asserted Democrats support reparations for the descendants of enslaved people because “they think the people that do the crime are owed that.”

Red Team Senator Tommy Tuberville defended his characterization of the Blue Team.

“We don’t have enough people right now paying the price for a lot of the crimes that are being made,” he said. “They don’t need to be rewarded for it. They need to understand that we can’t run a country — it’s like a football team. If you’ve got people going in different directions breaking all the rules, you’re not going to win."

Cincinnati.com reported in 2020:

A little more than a decade ago, after departing from Auburn University where he was head coach, Mr. Tuberville entered into a 50-50 partnership with a former Lehman Brothers broker named John David Stroud. Their ventures, which included TS Capital Management and TS Capital Partners — T for Tuberville and S for Stroud — turned out to be a financial fraud. Mr. Stroud was sentenced to 10 years in prison, and Mr. Tuberville was sued by investors, who accused him of fraud and violating his fiduciary duty to take care of their investments; he reached a private settlement in 2013.

A lawsuit declared Tuberville 50-50 partnered with a criminal and that their enterprise engaged in fraudulent activity:

Stroud used bank accounts held in the name of TS Capital Partners, TS Capital Partners, LLC, TS Capital Management, LLC, TS Capital Fund, L.P., and TS Capital GP, LLC or their predecessors to pay for lavish travel and personal expenses utterly unassociated with the business operations of TS Capital Partners, TS Capital Partners, LLC, TS Capital Management, LLC, TS Capital Fund, L.P., and TS Capital GP, LLC and frequently withdrew substantial amounts of cash from accounts holding investor funds, which sums he did not repay. 

Stroud and TS Capital Partners, TS Capital Partners, LLC, TS Capital Management, LLC, TS Capital Fund, L.P., and TS Capital GP, LLC solicited plaintiffs’ investments in TS Fund managed and operated by defendants, through untrue representations, omissions, and fraudulent measures.

Stroud also made false and misleading oral statements to plaintiffs to induce them to invest or to keep their investments in place.

Stroud and TS Capital Partners, TS Capital Partners, LLC, TS Capital Management, LLC, TS Capital Fund, L.P., and TS Capital GP, LLC commingled personal, operating, and investor funds and disregarded the separate legal identities of TS Capital Partners, TS Capital Partners, LLC, TS Capital Management, LLC, TS Capital Fund, L.P., and TS Capital GP, LLC and their predecessor entities.

Plaintiffs received judgements for their investment losses plus $ 5,481,792.18 in punitive damages against Stroud, TS Capital Partners, TS Capital Partners, LLC, TS Capital Management, LLC, TS Capital Fund, L.P., and TS Capital GP, LLC. 

This amount represents three times the aggregate net losses of all plaintiffs ($ 1,827,264.06) and is intended to punish Stroud, TS Capital Partners, TS Capital Partners, LLC, TS Capital Management, LLC, TS Capital Fund, L.P., and TS Capital GP, LLC for their egregious misconduct and to deter Stroud, TS Capital Partners, TS Capital Partners, LLC, TS Capital Management, LLC, TS Capital Fund, L.P., and TS Capital GP, LLC from future misconduct.

Tommy Tuberville, like fellow Red Team Senator Rick Scott, walked away from fraud with little legal consequences.  Tommy's correct.  Not enough U.S. Senators paid the price for crimes they committed.

Update 3-31-23:  Senator Tuberville is stalling the promotion of 160 generals and flag officers and two civilian Pentagon nominations because he doesn't like the Pentagon's time off benefit for soldiers seeking legal abortions.  

Update 4-27-23:  The Tuberville hold on military promotions remains in place and some of his Red Team colleagues are becoming concerned. 

Update 5-6-23:   Seven former defense secretaries panned Insane Red Tommy Tuberville's hold on some 200 military promotions.  Mark Esper joined venture capital firm Red Cell Partners in 2022.  Chuck Hagel became a PEU in 2009 with McCarthy Capital.

Update 8-16-23:  Moneywise reported:

United States Senator Tommy Tuberville (R-AL) has just disclosed $250,000 in futures trading in wheat, corn, soy and cattle.

On August 14, Tuberville — who sits on the Senate Committee for Agriculture, Nutrition, and Forestry — reported multiple agricultural trades through June and July, all in the range of $1,000 to $15,000.

“He literally influences agricultural futures via legislation and is trading it actively,” Unusual Whales wrote on X, formerly known as Twitter — before pointing out Tuberville has “previously, scored some big gains on futures in wheat, corn and soy.”

Rich men north of Richmond... 

Update 9-24-23:  Tuberville disclosed $250,000 in agriculture futures trades in wheat, corn, soy and cattle.  He sits on the Senate Committee on Agriculture, Nutrition and Forestry.  Legislation can influence the value of his holdings.  In most sane worlds this would be a conflict of interest.  Not in our PEU world where insider connections and knowledge are used to change the system to juice returns.  

Update 10-9-23:  Tuberville won't lift his blockade on U.S. military promotions even in the midst of an Israel-Hamas war.  His blockage impacts senior officers serving in the Middle East.

Douche of PEU Bros

Stephen Colbert poked fun at the greed and leverage boys planning for societal breakdown, which they helped engineer.

If you can't be a real PEU boy Halloween provides the opportunity to dress the part.

 Do they have one for someone the age of a PEU founder or first lieutenant?

Davos in Desert at MBS Shakedown Prison

 Jewish Insider reported on the the Saudi "Davos in the Desert":

The annual extravaganza in Riyadh’s palatial Ritz Carlton Hotel aspires to set the world’s financial agenda like its older counterpart in the Swiss Alps. 

Under orders of Crown Prince Mohammed bin Salman the Ritz Carlton served as a prison for many members of the Saudi Royal Family and Saudi business leaders. 

Private equity underwriters (PEU) with Red Team stripes include Blackstone's Stephen Schwarzman, Affinity Partners Jared Kushner and Liberty Capital's Steven Mnuchin. 

...veterans of the Trump White House took to the stage at Saudi Arabia’s flagship international conference in Riyadh on Tuesday to remind investors of their accomplishments in connecting Israel and the Arab world. Jared Kushner, who as a White House senior advisor brokered the Abraham Accords on behalf of former President Donald Trump, his father-in-law, went so far as to hail Saudi Arabia as a “startup nation,” using the nickname Israel earned by generating thousands of technology companies. Kushner, who now runs a private equity firm backed by $2 billion in Saudi investment, is reportedly putting some of the cash in Israeli startups.

A wider PEU representation can be seen below:

Speakers during the three-day confab include FTX co-founder ​​Sam Bankman-Fried, Andreessen Horowitz co-founder Ben Horowitz, former House Majority Leader Eric Cantor (R-VA), former Treasury Secretary Steve Mnuchin, Third Point’s Dan Loeb, Starwood’s Barry Sternlicht, Trian’s Nelson Peltz, Canyon’s Joshua Friedman, MizMaa’s Yitz Applbaum, former Sen. Norm Coleman (R-MN), LionTree’s Aryeh Bourkoff, MHR Fund Management’s Mark Rachesky, Oak Hill Advisors’ Glenn August, Visions of Peace founder Cheryl Halpern, former Trump administration official Brian Hook, former White House Communications Director Anthony Scaramucci, Ivanhoe Mines’ Robert Friedland and Aerofarms’ David Rosenberg. 

Eric Cantor is Vice Chairman at Moelis,  Former Senator Norm Coleman lobbies on behalf of the Saudi Government for Hogan Lovells and is firmly leading the "lets move past Khashoggi" movement.  Brian Hook landed at Cerberus Capital and is Vice Chairman of Cerberus Global Investments.  (The Khashoggi murder took place ten months after the Crown Prince imprisoned family members at the Ritz Carlton in his financial shakedown.)

FTX and co-founder Sam Bankman-Fried recently took a 30% stake in Anthony Scaramucci's Skybridge Capital.  

The greed and leverage boys, like many predators, tend to run in packs.  I wonder if they can smell the blood spilled in the Ritz Carlton during the Crown Prince's forced family sleepover.  They may wish to scope out exits should the Crown Prince ever decide he wants some of that Saudi money back.

Update 11-2-22:   Saudi surveillance, intimidation and pursuit of Saudis on U.S. soil have intensified as the kingdom steps up repression under its de facto ruler, Crown Prince Mohammed bin Salman,  

The Crown Prince's purge of family members continues:

A graduate student at Boston's Northeastern University, Prince Abdullah bin Faisal al Saud seldom mentioned he was a member of Saudi Arabia's sprawling royal family, friends say. He avoided talking about Saudi politics, focusing on his studies, career plans and love of soccer.

But after a fellow prince — a cousin — was imprisoned back home, Prince Abdullah discussed it with relatives in calls made from the U.S., according to Saudi officials, who somehow were listening. On a trip back to Saudi Arabia, Prince Abdullah was imprisoned because of those calls. An initial 20-year sentence was hiked to 30 years in August.

Davos in the ethical, spiritual desert.

Update 11-12-22:  Former Blue Teamer Peter Orszag and Lazard are behind the Crown Prince's resurgence on the world stage as his financial advisor.

Saudi Arabia's Public Investment Fund (PIF) is working with Lazard on funding options and a potential initial public offering of Masar, a $27 billion mega project in the holy city of Mecca.

Greed is as greed does.

Lazard Geopolitical Advisory will combine some of the world’s most experienced geopolitical minds with Lazard’s unmatched business expertise.

It's an unholy alliance.

Update 12-6-22:   The U.S. court case against the Crown Prince was dismissed under the guise of sovereign immunity, something the Prince did not have at the time of the execution.  The judge said his hands were tied by the Biden administration's recommendation to the court.  Thugs win. 

Update 10-21-23:  Davos in the Desert starts this coming week.  It's theme is "The New Compass."  The Israel-Gaza war may impact who actually attends.  The theme is meant to capture "the essence of a new global world that is rediscovering its bearings in the realm of investment." Translation:  Do as the Crown Prince says and you will be paid handsomely.

Update 5-16-24:  Barry Sternlicht's Starwood REIT is fighting redemptions, like Blackstone's REIT.  BlackRock is launchinglaunching a $5 billion investment fund based in Riyadh.

6th Session of Saudi "Davos in the Desert"

Saudi money will lure thousands to the Saudi "Future Investment Initiative" Conference, also known as Davos in the Desert.  Speaker Stephen Schwarzman, a Blackstone Goup co-founder and prominent Trump advisor, represents the greed and leverage boys.

Two former Trump officials, Jared Kushner and Steven Mnuchin,  have private equity firms with major Saudi investments.  Mnuchin spoke at last year's Davos in the Desert event while Kushner met with the Saudi Crown Prince earlier this year.  Kushner's Affinity Partners has $3 billion in assets under management, much of it Saudi money.

Vox reported:  

Four years after Khashoggi’s killing, the rehabilitation of MBS is complete. 

President Joe Biden, after pledging on the 2020 campaign trail to make Saudi Arabia a “pariah,” capitulated and traveled to the country in July, in a visit that gave MBS the legitimacy he craves. The US has been sending huge amounts of weapons to the kingdom. And the grave human rights concerns do appear in summaries of the leaders of the US and Saudi Arabia but hardly rise to the level of a top priority for Biden’s foreign policy team.

Don't count on private equity underwriters (PEU) or their sponsored politicians to stand up to dark forces.  Authoritarian greed will bring new global disorder 

Politicians Red and Blue love PEU and increasingly, more are one.

Update 10-25-22:  Reuters reported:

No Biden administration officials were visible at the forum on Tuesday. Jared Kushner, a former senior aide to then-President Donald Trump who enjoyed good ties with Prince Mohammed, was featured as a front-row speaker.

In what sounds like a LIV press conference the Saudi Energy minister said the kingdom decided to be "the maturer" party in the oil price spat with President Biden.  "The maturer" guy Crown Prince makes fun of Biden behind his back, showing him to be a true Clown Prince.

FT noted Kushner and Mnuchin would speak at the event.  

Comedian Hassan Minhaj was on CNBC talking Saudi Arabia and the PEU boys:

Update 11-12-22:  Former Blue Teamer Peter Orszag and Lazard are behind the Crown Prince's resurgence on the world stage as his financial advisor.

Saudi Arabia's Public Investment Fund (PIF) is working with Lazard on funding options and a potential initial public offering of Masar, a $27 billion mega project in the holy city of Mecca.

Greed is as greed does.

Lazard Geopolitical Advisory will combine some of the world’s most experienced geopolitical minds with Lazard’s unmatched business expertise.

It's an unholy alliance.

Update 12-6-22:   The U.S. court case against the Crown Prince was dismissed under the guise of sovereign immunity, something the Prince did not have at the time of the execution.  The judge said his hands were tied by the Biden administration's recommendation to the court.  Thugs win. 

Update 10-21-23:  Davos in the Desert starts this coming week.  It's theme is "The New Compass."  The Israel-Gaza war may impact who actually attends.  The theme is meant to capture "the essence of a new global world that is rediscovering its bearings in the realm of investment." Translation:  Do as the Crown Prince says and you will be paid handsomely.

Carlyle Buys into Yes Bank and Garnica

Carlyle Uses Mauritius SPAC for Yes Bank

The Indian government cleared the way for The Carlyle Group to acquire a 10% state in Yes Bank via a Mauritius based SPAC.  Prime Minister Modi expressed India's goal to become a cashless society.  Carlyle has experience in this area with its seven year ownership of the RushCard, an independent prepaid debit card.

Carlyle Buys Spanish Plywood Maker Garnica

The Carlyle Group announced it will buy premium plywood maker Garnica.  The news release said it would partner with the Garnica family.  The family may wish to contact the Brintons clan.  They had significant issues with Carlyle's hostile takeover of their luxury carpet company.  Carlyle dumped Brintons' pension plan with its £10.5m deficit when it bankrupted Brintons via a backdoor takeover.

Update 6-9-24:  Carlyle sold some of its Yes Bank shares.

Apollo and Cerberus to Milk Albertsons of $4 billion

Albertsons private equity owners will milk the company for $4 billion in special dividends before Kroger closes on its grocery competitor.  BIG by Matt Stoller reported:

...in just a few weeks, and long before any merger trial, Albertsons will hand up to $4 billion to its private equity investors Apollo Capital and Cerberus Capital Management, in a special dividend. That’s the cash and working capital necessary to keep a supermarket chain functional, gone, to the private equity investors, even if the merger falls through. And that’s worrisome.

Stoller called it a smash and grab financial move as it will take all of Albertsons' working capital.  It's an old move for private equity underwriters (PEU).  The greed and leverage boys have multiple ways of bleeding affiliates. deal fees, annual management fees. liquidity recapitalizations, special dividends, special distributions, spinning off physical assets into a separate company, moving intellectual property to another PEU owned company, ring fencing liability via complex corporate structures, buying discounted debt of troubled affiliates and converting that to equity after the PEU drives the company into bankruptcy and sponsoring politicians of both political parties.

That's why the greed and leverage boys keep their preferred carried interest taxation.  Politicians Red and Blue love PEU and increasingly, more are one. 

Social Media Slide to Societal Bottom

Image reported:

In 2009, U2's Bono secured a 2.3% share in Facebook alongside five other investors for $86 million. A year later his investment group, Elevation Partners, purchased $120 million more shares in the social network. The return on such investing six years later? $1.4 billion.

Yahoo Finance reported:

"Social media companies have increasingly played major roles in political discourse around the world and according to one expert, the fallout has been significant. 

We've had extraordinary damage done to democracy, public health, public safety, and people's ability to make their own choices," Roger McNamee, managing director at Elevation Partners and an early Facebook investor, told Yahoo Finance Live (video above). "Yet policymakers have done nothing, absolutely nothing." 

Toxic personalities Kanye West and former President Donald Trump want social media to further their ends.  West will buy Parler while Trump has troubled Truth Social. 

Scientific genius Elon Musk is on track to eventually take out Twitter.  As politicians in both parties love the buyout boys expect policymakers to remain on the sidelines.  

Politicians Red and Blue love PEU (private equity underwriters) and increasingly, more are one.

Political Disrupter PEU Thiel

Politicians Red and Blue love PEU (private equity underwriters) and increasingly, more are one.  The Red Team's Peter Thiel not only founded multiple PEUs, he is sponsoring two of his former PEU executives for the U.S. Senate.  He also believes so deeply in American democracy that he is pursuing his third passport.  He hopes to add Malta to his U.S. and New Zealand passports.

The competition today is to steer Uncle Sam's wallet and control the levers of government to benefit modern day robber barons.  

Swiss investor Marc Faber described the difference between 19th century robber barons and the current version in a Wealthion interview.  The 19th century version raised the economic tide for society and left critical infrastructure for future generations.  He said current robber barons are solely out for personal gain.

In one answer Faber noted The Carlyle Group and its profitable link to the federal government since its founding.  History shows Carlyle's co-founders grew their wealth into billions while U.S. worker pay remained stagnant.

Users have been manipulated by social media platforms.  Voters can be duped as well.  The Peter Thiel's and George Soros count on that. 

Update 10-21-23:  Marc Cohodes wrote "Peter Thiel is and always has been Dirty."

Carlyle's Energy Plays

The Carlyle Group's Neptune Energy plans to expand oil production in Germany and increase natural gas supplies for the UK.  Switzerland based Varo Energy  and Spain based Cepsa plan to shift from oil and gas to green energy sources.  Cepsa is moving to hydrogen, a green energy source and could be the beneficiary of $2.9 billion from a new European Hydrogen Bank. 

Carlyle also plans to seek bids for Assala Energy, an African oil and gas company it acquired in 2017.  Assala could be Carlyle's latest double.  It's not clear how much the PEU siphoned from Assala via special distributions, deal fees and management fees.

The greed and leverage boys continue to make outsized profits on the backs of citizens, now hurting from rapidly rising energy costs.  

Update 11-5-22:  Carlyle will acquire a majority stake in renewable energy developer Aspen Power Partners LLC.  Also, Carlyle invested an undisclosed amount in green hydrogen developer Eneus Energy Limited.

Update 6-7-23:  Carlyle appears ready to monetize Neptune Energy for between $5 and $6 billion.

Update 8-15-23:  Assala Energy will be sold to Maurel and Prom!  Reuters reported:

Private equity fund Carlyle Group has agreed to sell its Gabon-focused oil and gas company Assala Energy to French producer Maurel & Prom for $730 million.

Another Carlyle cash in (with closing expected in Q1 2024.

Update 2-17-24:  A military coup changed the deal.  The new buyer is Gabon's state run oil company.

Rick Scottization: Healthcare's PEU Odor

Medicare Advantage insurers upcoded patients to maximize money from Uncle Sam.  Such moves are not new.  Take Columbia/HCA's history of fleecing the Medicare program.

In 2003 former Columbia/HCA founder and CEO Rick Scott resigned in the wake of a $1.7 billion fine for defrauding Medicare in a variety of schemes.  Scott is now a U.S. Senator from Florida and charged with getting more Red Team members elected in the Senate.

Scott left Columbia/HCA and started Solantic, a company with primary care clinics.  In 2011 Scott sold Solantic to private equity underwriter (PEU) Welsh, Carson, Anderson and Stowe.  

NBC News noted the damage one private equity firm did to anesthesia departments across the U.S.

...some physicians and patient advocates say the health care investments of private-equity firms and their drive to reap relatively short-term profits are inconsistent with putting patients first. Independent academic studies find that private equity’s laser focus on profits in health care operations can result in lower staffing levels at hospitals and nursing homes.

The Carlyle Group and Peter Thiel's Founders Fund donated to Scott's current campaign. PEU hellhound Cerberus Capital gave big to Scott's SuperPAC.

Politicians Red and Blue love PEU and increasingly more are one.  They serve the profiteers not the common person being preyed upon by the greed and leverage boys.  Who has your back when you walk into a hospital?  It's very difficult to know.

Update 10-11-22:  Axios reported Brookdale Senior Living could be the next PEU target.  Recall how The Carlyle Group ran nursing home giant ManorCare into the ground.  Time will reveal how PEU ownership will impact women's health pharma products maker Theramax.  

Update 10-12-22:  Rick Scott is the biggest PEU investor in Congress with $76.5 million in PE holdings.  Among the 22 members of the House and Senate who reported investing in private equity last year, 10 were Republicans and 12 were Democrats.  415 of 435 members of the House and nearly every senator took money from the industry in the run up to the last election.

Update 12-7-22:   Carlyle Group co-founder David Rubenstein said last week

Right now, at Carlyle, an enormous percentage of our investments go into healthcare, not only in the US, but also around the world. It is one of the fastest-growing and likely most stable areas of economic growth. When I worked in the White House in the late 1970s, 7% to 8% of US GDP was in healthcare. Today, it’s roughly 20%.

The profit curve is being bent in the direction of the greed and leverage boys.   

Senator Scott embraced Red Team loser Herschel Walker as a key GOP leader. 

Update 3-30-23:  Carlyle is using Atmas Health to bid on Medtronic's patient monitoring and respiratory interventions businesses.

Update 8-16-23:  Moneywise reported:

United States Senator Tommy Tuberville (R-AL) has just disclosed $250,000 in futures trading in wheat, corn, soy and cattle.

On August 14, Tuberville — who sits on the Senate Committee for Agriculture, Nutrition, and Forestry — reported multiple agricultural trades through June and July, all in the range of $1,000 to $15,000.

“He literally influences agricultural futures via legislation and is trading it actively,” Unusual Whales wrote on X, formerly known as Twitter — before pointing out Tuberville has “previously, scored some big gains on futures in wheat, corn and soy.”

Rick Scott and Tommy Tuberville are but two wealthy men in the U.S. Senate.  Rich men north of Richmond...

PEU Buyout of Tegna

Speaker of the House Nancy Pelosi and Congressman Frank Pallone Jr. raised concerns regarding the buyout of broadcast company Tegna.  They are worried about the buyout limiting access to local news coverage, cutting jobs at television stations and raising consumer prices.

The lawmakers also raised concerns over reports that Standard General told investors in a meeting that Tegna’s local news stations have too many employees, a potential indicator of incoming layoffs.

“At the same time, they have described piping in news produced in Washington, D.C., to fill time on local newscasts as a public interest benefit, potentially leading to fewer local journalists and less local news,” the lawmakers wrote.

“The proposed transaction also threatens to undermine localism, competition, and diversity by obscuring ownership of the airwaves through offshore holding companies in the Cayman Islands and British Virgin Islands.”

Oddly, The Carlyle Group has hundreds of companies based in the Cayman Islands.  Speaker Pelosi did not raise the issue with Carlyle co-founder David Rubenstein in her Bloomberg interview 

Standard General and Apollo Global plan to take out Tegna.  

Standard General employs an event-driven and opportunistic strategy, taking a private equity-like approach to invest in public companies while shorting equities and credit to generate alpha and manage risk during periods of market volatility.

Apollo Global has former Senator Evan Bayh on the payroll.  Will he give Pelosi a non-lobbying call to address her concerns?

In the final episode of Reliable Sources David Zurawick lamented on the last three decades:

"The accelerated demise of local journalism...to say it's hollowed out is another euphemism." 

He cited the impact of hedge fund/private equity ownership on media companies.  "It's all about the profit."  Yes.  It's made worse by the PEU boys masquerading as the media.  They don't investigate themselves.

The Peudulum Swings

The Carlyle Group issued a report on the various dangers in the current global economy using themes from Edgar Allan Poe's short story "The Pit and the Pendulum."

The report avoided private equity's contributions to the current maladies of "inadequate and insecure energy supplies, over-engineered supply chains, and globalized production processes that prioritize efficiency at the expense of resilience."

Carlyle sent thousands of U.S automotive part manufacturing jobs to China for efficiencies. 

....the problems we face today, which stem largely from underinvestment in the decade preceding the pandemic.

In the years following the Global Financial Crisis (GFC), companies cut back substantially on investment in working capital, fixed assets, and anything else that needed to be financed or could become “stranded.”

Capacity was increasingly leased rather than purchased, with a proliferation of contract manufacturing arrangements and lengthening global “supply chains” that turned each component, input, or step in the production process into its own contestable market. These strategies not only derisked companies in the event of another GFC, but also substantially boosted return on equity (ROE) as unbundling allowed companies to focus on the highest value-added portions of the production process.

The Carlyle Group took $35 million from the State of Texas for 3,000 jobs at Vought Aircraft Aviation.  At the end of the promise period Carlyle cut 35 jobs, a $1 million incentive per job lost.  Carlyle held onto public money as it starved Vought of working capital.  Vought's CEO Elmer Doty admitted the company was under a liquidity crisis.

The man who wrote the report served as Vice President and Chief Economist for the private equity trade group from 2008-2011.  He became Carlyle's Director of Research and Statistics in 2011. 

One might expect the greed and leverage boys to accept responsibility for their role in bleeding affiliates.  Darkness there and nothing more....

Update 10-6-22:  Carlyle co-founder David Rubenstein's conflict of interest made Bloomberg, where Rubenstein has a podcast.  Declaration Partners is Rubenstein's family office and employs one of his daughters.

Declaration Partners collected $240 million from wealthy individuals and family offices to target multifamily housing and industrial properties across the US, the New York-based company said in a statement.

Rubenstein's grand returns won't make housing or healthcare cheaper for the common person.  

PEU Kim K to Pay $1.26 Million in SEC Fine

New private equity underwriter (PEU) Kim Kardashian reached a settlement with the SEC for her undisclosed $250,000 compensation for promoting cryptocurrency EthereumMax on her Instagram feed. 

Kardashian’s post contained a link to the EthereumMax website, which provided instructions for potential investors to purchase EMAX tokens.

The settlement did not require Kardashian to admit guilt.

How many Kardashian fans purchased EthereumMax?  One billion EthereumMax tokens nets one $5.56.

What is Kim K. doing to help the people who lost big by following her instructions?  Most PEU's take the money and run.  Conflicts of interest do not matter to the greed and leverage boys.  

Update 10-10-22:  LA Rams fan booed Kim K when her image showed up on the Jumbotron.  Is the general public catching on to the destruction done by the PEU boys?