4 Burst results for "Southern Investigative Reporting Foundation"
"southern investigative reporting foundation" Discussed on Truth and Lies: Jeffrey Epstein
"Show the the annual spectacle always turns higher as his personal financial adviser a college dropout in his late thirties who had allegedly managed to slip out out of a Ponzi scheme unscathed Eichel criminal mastermind. Jeffrey Epstein Would Brag about only taking on billionaire client assist with as our team of ABC News Investigative Journalists Poured through thousands of pages of SEC filings. Sailing's and other records. This look at this. It became clear. There was only one key billionaire in Jeffrey. Epstein's Life Leslie. Wexner governor is very clearly the most important individual that ever crossed paths with with Jeffrey Steen. He really hit the Jackpot and and we set out to unravel. The mystery is really different. They said your financial manager you know. I have friends that under financial managers and they have a lot of clients and he said nor have one client. I only need one client and my client is a billionaire and his name is les. Wexner the idea that this person who has limited experience no college education is suddenly taking over money management for he a billionaire Mr Wexner. That's virtually unheard of Jeffrey Epstein. Spent more than fifteen years as the personal some of financial advisor to Leslie Wexner now would've epsteins. Biggest clients for years was the CEO of L. Brands. which owns Victoria's secret and bath and body works billionaire less Wexler Sir Epstein would find his way into les wexner inner circle becoming the man that wexner trusted with his fortune? Power of attorney is usually limited to a certain aspect. I hear it's being used to basically hand over all the keys to Mr. wexner Westerners treasure chest to Mr Epstein and with that apparent connection to that icon. ICK brand women across the country would tell us that Epstein eighteen pursued more than just financial gain and then he was putting his hands on my hips and my buttocks and saying. Let me manhandle you. So I got extremely terrified of that year's financial victims and he has sexual victims in that sense that's why I called him a Super Predator. I'm Mark Remillard. And Today on Truth and Lies Jeffrey Epstein how Epstein used his relationship with one of the world's world's most successful businessmen to catapult him into financial fortune chapter. Four folks friends in high places New Albany Scotus Rolling Hill. White fences were just You know farmers But yet these massive million dollar mansions tucked away and people have being able to isolate isolate themselves. I'm driving through new Albany Ohio. It's a suburb just northeast of Columbus population. A little under eleven thousand. They actually have Fox hunts out in this area they have a tree and shows Polo matches. I'm with bomb. FA- trick is editor of the Independent newspaper. Columbus free press moved down to Columbus in one thousand nine hundred eighty seven i. I've been a reporter in Columbus abyss. For Twenty eight years. I was an investigative reporter for Columbus Alive from nine hundred ninety six to two thousand and three when I first came to town was interested in politics. So as part of that process. You sort of learn who you have to Nelson in this town that do well and the one person you needed to know who had the most power. The most juice was less west building the Ohio State University expert because all the medical centers. He's got his name. Oh Issue Wexner Medical Center Wexner exner center for the arts. Few look around the town play more buildings but the name wexner on it then. Any person in in central Ohio Baiocco for lack of a better term new Albany is the city that wexner built. It's pristine recently named the number one suburb in in America by business insider. The city's website trumpets that the median household income of New Albany is one hundred and eighty seven thousand dollars. These are custom built in Georgian brick homes for people with a lot of money and they'll be some cheaper homes around around but those will still cost in three quarters of a million dollars and the people that moved there move there in a because of his prestige Steve and and the exclusiveness of you know the town which was usually referred to as Wesley and the largest gist estate of them. All situated right between two very exclusive. Golf clubs is wexner property. Well Wexner is a state in in many ways I think is more in the tradition of the royals Aristocrats parents and Dukes uh of England. Right you've got a lush manufactured gardens. You've got tennis courts. You've got a massive pool and and you got so many fabulous of buildings it looks like ah a small British village. Wexner property is nothing if not private and all along the rows of fences surrounding the land are reminders of his security. This appears to be the main entrance. Oh this is Yeah this is the guardhouse. This is the gardens and this road goes directly up to wexner property actually to the home area. Yeah yeah this is how you can drive in go past security price or not out here already. We see the kid will. Yeah I can see CAM and you see a bunch of cameras and wow that's amazing. There's a sign that says it's canine patrol. If you wanted to see what the estate really looks like you'd have to fly over it You can't see anything really extends into the property. ooh It's it's just hills of grass and lined with trees and you can see that different really forest to your right now. I mean you'd never no really large enough to have it sunset Code Leslie. H wexner is the eighty two year old head of L. Brands a fortune fortune-500 retailer with thirteen billion dollars in revenue annually. And to understand how he came to build his own city. You first have to understand how he built his empire. Now we have about four thousand stores offices all over the world. That's wexner speaking in in two thousand nine at Harvard University's Center for public leadership about how he grew his business. Les Wexner started out small. He's he's a local who grew up in Dayton and graduated from Ohio State University before he went to work in his parents clothing shop. And in his own recollection times. Times were tough. I was raised in the kind of Family we're kind of had to work my way through grade school and high school and college. Ah set out on his own in nineteen sixty three launching his first business with five thousand dollars. He says he borrowed from his on an Dan in two thousand seventeen in an interview with the American Academy of Achievement. He says the idea was simple. His store would sell a range of products the ones he knew were selling best at the family store real closet staples and he'd call it the limited because I had limited assets sets people vote as a terrible name. They said it sounds like a train. And when is the limited leaving town and I said no no. It's it describes CBS the assortment in it's a romantic name. What started out as a small local operation quickly grew his growth atop the limited? It was also a function of the expansion of what for one of a better term. Is the retail shopping experience. He really. It caught the growth of outdoor and indoor malls and mall culture. ABC News Contributor. Roddy Boyd is an investigative investigative financial journalist and founder of the Southern Investigative Reporting Foundation. You'd be hard pressed further nine thousand nine hundred seventies eighties through even two thousand five or six to find a major American mall without at least several stores that were we're under the limited's umbrella he's been described as the leading female clothes retailer. In America and the limited grew and grew eventually truly encompassing some top brands under its umbrella Abercrombie and Fitch Ben Dell's bath and body works. And Victoria's secrets grits but one of Wexner 's biggest successes was the one thousand nine hundred takeover of a small lingerie company for just one million dollars and turning it into to the world's flagship brand any mall of any note is going to have a victorious sacred starting in about one thousand nine hundred. Eighty the limited's growth growth which was always pretty impressive. Just takes off. I mean it acquires and launches a series of brands that that it really catapulted this company from a cornerstone of the average American mall to do a global retailing powerhouse and in eighty two. The company acquires. Victoria's secret and the stores we're just the beginning soon. There was a catalog and then the fashion shows. And the Victoria's secret model was born. The iconic fashion show taking place in New York City after a stint in London last year. The fashion world's current girl bring in the supermodels that are going to model the lingerie for Victoria's secrets and the whole notion that you'd have a fashion show every year you know for lingerie and in a you put put out these magazines. That are you know enticing. Yeah for people to look at and a lot of that is really marketing genius You're just expecting you know those lingerie as from Victoria secret is going to change her. Love Life Changer. Is Your relationship and your marketing dreams. And as the limited and it's companies continued to grow so too did wexner is wealth wealth today Forbes estimates wexner to be worth four point five billion dollars.
"southern investigative reporting foundation" Discussed on Truth and Lies: Jeffrey Epstein
"Society else but between nineteen eighty one in the late one thousand nine hundred eighty s as Epstein is running his own consulting firm whether he was having any success or not is unclear author Bill Cohen and says that if Epstein had found some new strategy for investing or making money for his clients wouldn't have remained a secret for long. If Jeffrey Free Epstein were doing anything miraculous a would have been Unwound would have been discovered if there was some secret sauce that he was using spreading around. We're all known about it. Epstein had always been secretive about his clients and and while he claimed that billionaires were calling him for advice he appears to switch gears. After a few years I was the CEO of towers always finding Corporation this is Steven Hoffenberg. Who Hired Jeffrey Epstein in one thousand nine hundred eighty seven? I am a former principal. Associate Partner of Jeffrey Epstein's and I've spent years with him. I understand him greater. Probably Google's the most others based on my history with him and we started in the seventies. We grew into sadly to to report a criminal enterprise before Jeffrey Epstein arrives on the scene towers financial. Is this company run by Steven Hoffenberg. It's a repo. Oh Company. They're basically bill collectors. If there's a big debt owed to a hospital or an insurance provider they'll go out they'll oh by that debt and then try and collect it from the people who who is in New York City in the nineteen eighties at the towers. Financial headquarters of four seventeen fifth. Avenue is when I made sure they describe him as the route flew ren look rugged manly shop rather swagger. It's very sophisticated. Jeffrey Epstein had come to know an associate of Hoffenberg who Hoffenberg says recommended him. Good friend of mine said to me. We have an executive onboard. And American from New York named Jeffrey Epstein. Hoffenberg says at the Time Epstein was struggling financially. The meeting of Jeffrey Epstein was unusual number one Jeffrey Epstein was broke. Couldn't pay his bills and came to us. Humbly looking for employment and asking for opportunity there were clouds but tell us financial was having its own problems with the Securities Exchange Commission Hoffenberg though says he was impressed by Epstein. He says he saw talent in him. And we saw in Jeffrey Epstein mm-hmm this magnificent personality in this tremendous Wall Street. salesmanship he's charming. He's charismatic very funny. He's lovable totally lovable. And very unusually smart. Nobody was dealing with all the time and had the ability we see Wall Street turns up and down and the way to make money on Wall Street so hop in Burg Brings Epstein on board as a consultant reportedly setting him up in an office and as court records later show he paid Epstein a consulting fee of twenty five thousand dollars a month. There were a team of people on Wall Street involved until his financial team but Epstein in Iran it Epstein goes from operating out of his one bedroom bachelor apartment to then and now one of the most sought after addresses in Manhattan. You know a large office overlooking a famous restaurant in a courtyard in midtown Manhattan on Madison Avenue that is ABC News Contributor Contributor Rodney Boyd. A financial investigative reporter and the founder of the Southern Investigative Reporting Foundation. Life had to be looking pretty good for him at at that point Hoffenberg says during this time he and Epstein got to know each other quite well. We worked together seven days a week. We traveled the world together. And we got to know each other's thinking methods ways and lifestyle you know Vanity anti-fair said that you were abstains. Real Mentor that true. Yes as one of their first acts together at Towers Hoffenberg alleges in an affidavit that he and Epstein took over to insurance companies so 1987 Hoffenberg and Epstein acquired these two failing Illinois insurance companies companies United Fire and associated life. and the thinking there goes. We're not trying to get into the insurance business. So why would they want to acquire insurance companies if if they had no intention of running them well. Insurance companies are legally required to have a lot of cash on hand just in case they have to pay claims they used. WHO's these two insurance companies as their cash pile and let's be clear here? This is totally illegal. They envision themselves Eckstein and Hoffenberg as corporate raiders who are good to go in choir the companies and then they start thinking about ways of using that cash pile to go out and read and acquire new companies and Hoffenberg says they set their sights on acquiring an iconic airline..
"southern investigative reporting foundation" Discussed on BizTalk Radio
"Mclean who thought alvac sort of disgust your ford both of the financial crashed with those all the doubles are here the hidden history of the financial crisis she's also moco author of one of the best books bookseller on ending on the smartest guys in the world needs more recently she wrote shaky ground the strange saga the us mortgage giants that was my family freddie and we interviewed her about that saudi born it is the founder of the southern investigative reporting foundation formed in two thousand twelve is a nonprofit with the goal of providing ended up financial investigative reporting for the common good to see off your fatal risk a cautionary tale of a of cheese corporate suicide his guest on the show for that and we since two thousand eleven financial times goldman sachs long list to book of the year for business welcome back in risley from greenwich i could guskov in particular for my region alone told me in chicago how are you guys doing great and she's coming full thirty money series on valiant place guards being so for folks can go out and take a look at that it's really excellent just to start off uh in the big picture sense east there this big dark side of big pharma or would just be just bad guys i think there is that that guy side at stake saimaa and these are in a way the epitome of it but what to me is interesting is the name must people in the country now as martin should crowley right yes the guy who infamously jacked up the drive of the price of this lifesaving drug and he went to prison on an unrelated actions and he you know a sort of smirking and he was called in front of congress i remember sitting with an investor a big wall street guy who is telling me how horrible martin should probably wasn't i looked at him and said well why is what volumes doing any any different and he looked back at any he well that's a good question because they were doing exactly the same thing that is jacking up the price of lifesaving drugs uh but for some reason wall street's love to them because they were making money for people on wall street and to a lesser degree this is what all of the.
"southern investigative reporting foundation" Discussed on BizTalk Radio
"Mclean who said alvin go to discuss georgia flood ford called the financial crashed with all the doubles are hearing the hidden history of the financial crisis she's also moco author of one of the best miss his books other on ending on the smartest guys in the world needs more recently she wrote shaky ground the strange saga the us mortgage giants that was my family friday and we interviewed her about stopped saudiborn he's the founder of the southern investigative reporting foundation formed in two thousand twelve is a nonprofit with the gold provided getting got financial investigative a forty for the common good to see off your fatal risk a cautionary tale of ahe comfort suicide gets down the show for that it was since two thousand eleven financial times goldman sachs long list of the year for business welcome back roddy on risley from greenwich i could cost could just on duckie's from my region alone telling me and chicago how are you guys doing great she he's coming from the nuts sturdy money series unveiling its place garching sulphur folks can go out and take a look at that it's really excellent stuff he just started off in the big picture says he's there they speak dark side a big pharma or would this be shows bad guy i think there is at the dark side of fake saimaa and fees are in a way the epitome of it but what to me is interesting is the name must people in the country now as martin should crowley right if the guy who infamously jacked up the drive of the price of this lifesaving drug and he went to prison on an unrelated actions and he you know a sort of smirking and he was called in front of congress and i remember sitting with an investor uh big wall street guy who is telling me how horrible martin should probably wasn't i looked at them and said well why is what volumes doing any any different and he look back at me and he said well that's a good question because they were doing exact leave the same thing that is jacking up the price of lifesaving drugs uh but for some reason wall street's love to them because they were making money for people on wall street and to a lesser degree this is what all the pharmaceutical industry has been doing for years the back.