http://www.dailymail.co.uk/news/article-5046477/Top-investment-fund-manager-raped-beat-women.html
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by semper occultus » Fri Nov 03, 2017 5:41 pm
by cptmarginal » Sat Nov 04, 2017 11:49 am
Howard (Howie) Rubin began his career in mortgaged-backed securities at Salomon Brothers in 1982 working for legendary traders Lewis Ranieri and Michael Mortara.
While there in 1984, Howie priced the first Collateralized Mortgage Obligation (CMO) with Fannie Mae.
In 1987, Howie joined the Mortgage Department at Bear Stearns becoming a Senior Managing Director and head of the CMO Trading Desk.
by Wombaticus Rex » Sat Nov 04, 2017 1:11 pm
by cptmarginal » Sat Nov 04, 2017 10:02 pm
In December 2016, he allegedly attacked another of the women with a cattle prod while she visited him by herself.
He raped her with the prod, then with a dildo and finally raped him herself, she claimed.
On other occasions the women say they met with him in Miami and had dinner with him and Wes Edens, owner of the Milwaukee Bucks.
Fortress’s interaction with Los Angeles County was rockier, and it reflected the firm’s complex web of financial interests. Los Angeles County officials believed that Fortress was buying the company responsible for upkeep of public golf courses. The county, swayed by Fortress’s long track record in owning golf courses, approved the deal.
There was one problem: Fortress was not the buyer.
The Times investigation found that the buyer was the Newcastle Investment Corporation, a different company with no golf experience and a history of financial problems. County officials were surprised to learn the buyer’s identity from The Times.
Fortress said there was no need for county officials to worry. Newcastle pays Fortress to manage its business and investments.
Wesley Edens, a former Lehman Brothers partner who co-founded Fortress and is now its co-chairman, also emphasized the positive effects of Fortress’s companies across the American economy. Fortress has replaced poorly performing banks, he pointed out, and has funded projects that no government could afford.
“We are proud of the impact that Fortress-related companies have provided to the individuals and communities that they serve,” Mr. Edens, who is also an owner of the Milwaukee Bucks basketball team, said in a statement.
In an interview, Mr. Edens said that Fortress did not create Springleaf’s lobbying campaign, but supported it. Springleaf said it needed to raise costs to modify outdated laws and compete with less regulated lenders. And although Springleaf wants to raise costs on borrowers at a time of historically low interest rates, he said that the company was “so much more humane” than others offering high-interest loans.
Some customers agree. Joseph King, a Springleaf customer in Glendale, Ariz., said, “They’ve done right by me,” offering him credit when few others would.
Some public agencies also applaud Fortress for creating jobs — the firm estimates as many as 10,000 with the Florida railroad alone — and for investing in fields that others abandoned after the financial crisis.
Private equity firms, onetime “corporate raiders” that made their name taking over distressed companies, have pushed into activities previously dominated by banks and local governments. This shift has upended the definition of private equity as the industry expands into real estate, infrastructure and lending.
Although that transformation granted private equity new influence over government, Mr. Edens disputed that political connections generated special favors for the firm.
“There is nothing surprising about support these companies have received, given the benefits they deliver to a broad cross section of Americans,” he said.
An Industry Rises, and Borrowers Struggle
Surrounded by his business partners and his daughters, Wes Edens stepped onto the balcony at the New York Stock Exchange, rang the opening bell and walked away a billionaire. It was Feb. 9, 2007, the day Fortress became the first Wall Street firm with a big private equity business to go public.
It was a pivotal moment for Mr. Edens, a Montana native with a mop of blond hair. For private equity, a relative newcomer to modern capitalism, it showed that the industry had arrived. [...]
Feb 14 (Reuters) - Fortress Investment Group Llc :
* Softbank Group to acquire fortress investment group for $3.3 billion
* Fortress Investment Group LLC - each fortress class a shareholder will receive $8.08 per share
* Fortress principals to continue to lead business independently
* Fortress Investment Group LLC says under terms of agreement, softbank can bring in partners for a portion of investment
* Says under terms of agreement, Softbank can bring in partners for a portion of investment
* Fortress Investment Group LLC - fortress plans to maintain its current base dividend of $0.09 per share for Q4 of 2016
* Fortress investment group llc - fortress plans to maintain its current base dividend of $0.09 per share for q4 of 2016
* Fortress Investment Group - Nizar Al-Bassam,Dalinc Ariburnu of F.A.B. Partners, will continue to advise Softbank with respect to Fortress
* Fortress Investment-Fortress principals to vote shares representing aggregate of 34.99pct of Fortress voting shares held by them in favor of deal
* Fortress Investment Group LLC - Pete Briger, Wes Edens and Randy Nardone have agreed to continue to lead Fortress
* Fortress Investment Group LLC - Fortress will operate within Softbank as an independent business headquartered in New York
* Fortress Investment Group - Pete Briger, Wes Edens, Randy Nardone committed to invest 50pct of after-tax proceeds from deal in Fortress-managed funds
* Fortress Investment Group - deal unanimously approved by a special committee of independent directors of co’s board and co’s full board
* Fortress Investment - each Fortress class a shareholder may get up to 2 regular quarterly dividends prior to closing, each not exceeding $0.09/class a share
On paper now is a non-binding agreement for the creation of a SoftBank subsidiary based in London. Over the next five years, Saudi Arabia has committed up to $45bn, while SoftBank has promised at least $25bn. A further $30bn is being sought from “a few large global investors”.
The initial reaction to the SoftBank Vision Fund has been a mixture of awe and scepticism. Awe since the scale is equal to all the money raised by the US venture capital industry in the past 30 months. Scepticism because questions abound as to whether the parties are truly committed to funding and seeing through the unprecedented project.
Even the insinuation of doubt, however, draws a rebuke from those closest to the plans. “What this isn’t is a couple of guys throwing money around,” says one of these people. Another adds: “This was a marriage of minds. The Saudis want to bring technology to their country and Masa [Mr Son] wants to be the largest technology player in the world.”
The unlikely marriage led from a courtship during the state visit to Japan in early September. Mr Son had been considering innovative financing arrangements for months, given the scale of his ambitions and his frustration with public market investors, who he feels take too long to understand his big “crazy ideas”. When SoftBank decided to purchase the UK’s Arm, it was slowed by the need to liquidate parts of its holdings to fund the transaction, which also pushed the company’s net debt to a staggering $105bn.
To solve the problem, Mr Son enlisted SoftBank executive Rajeev Misra, an ex-debt trader who in 2006 helped SoftBank structure a complicated takeover of Vodafone Japan, to explore alternative pools of capital. Mr Misra, who will lead the new fund, asked two former colleagues from his time at Deutsche Bank — Nizar Al-Bassam and Dalinc Ariburnu — to field interest from potential partners.
Senior Saudi officials were among those contacted by Mr Al-Bassam and Mr Ariburnu. In short order, a series of meetings with SoftBank were arranged during the Saudi delegation’s visit.
Before seeing MBS, Mr Son honed his pitch with some of the royal court’s closest advisers: Yasir Alrumayyan, the secretary-general of the state Public Investment Fund (PIF); Khalid al-Falih, the influential energy minister and chairman of state oil company Saudi Aramco; and Majed Bin Abdullah Al Kassabi, the commerce and investment minister. Each pressed the SoftBank founder about the strategy and how it could fit in with their attempts to overhaul Saudi Arabia’s economy and reduce its reliance on oil. [...]
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