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DingLeeBerry
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Red State Give Details on the Complexity of these Businesses
Interesting details here about how the company that swindled the Indians was put together.

The Sugar-Man Can -- The Funder Who Got the Ball Rolling for Devon Archer and Hunter Biden: Part Two


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Devon Archer was a long-time friend and business associate of Christopher Heinz, step-son of John Kerry, and heir to the Heinz Ketchup (Catsup?) family fortune. Archer and Heinz were roommates at Yale. Archer, Heinz, and Biden were the three founding partners in a company called Rosemont Seneca Partners. “Rosemont” is the name of the Heinz family estate in Pennsylvania, and it’s attached to most business ventures that are connected to the Heinz family foundation, or members of the Heinz family.


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Archer also became a fledgling Democrat Party bundler of campaign contributions coming out of his experiences as National Finance Chairman for John Kerry’s 2004 Presidential campaign. Archer is also Hunter Biden’s primary business partner on matters involving Ukraine and China — at least.


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Jason Galanis is a career white-collar criminal who now has multiple felony convictions for securities fraud and other white-collar crimes. His father, John Galanis has a criminal record of white-collar crime going back to the 1970s and is currently serving his second federal prison sentence of ten years or more. A third player in the group was a guy named Bevan Cooney, a part-owner of the Hollywood hangout “The Viper Room”. Cooney is described by Galanis as his “best friend” for more than 20 years.


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In my story yesterday I went through an email string dated October 5, 2013, in which Archer, Galanis, and Cooney go over changes to be made in Archer’s “bios” as part of some business organizational affairs. At one point in the three-way discussion there is a reference to bringing Hunter Biden into the group, and “putting a little honey in his pocket.” How did Devon Archer get into bed with Jason Galanis and Bevan Cooney? That is the $64,000 question.


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Earlier today, records released by Bevan Cooney — currently serving a 30-month prison sentence for securities fraud, included minutes of a meeting of the Board of Trustees of Burnham Investors Trust were made public.



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These minutes do not provide a complete picture of the nature of the transaction. But the Trustees expressed concerns — which Archer tried to respond to — regarding the post-acquisition structure and control of BAM if the Trust were to sell. One subject mentioned in a few places in the minutes is the possible involvement — and role — of a gentleman named Jason Sugarman. The Trustees seemed suspicious of the nature of Sugarman’s involvement and seemed to be seeking assurances and answers from Archer on the question of who would really be controlling BAM — Archer or Sugarman. Why they were concerned is not spelled out.



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Acher and Galanis purchased Hughes Capital Management LLC, in August 2014, which they then used to buy the first $28 million in Indian Tribe bonds. Sugarman provided the funding to purchase a controlling interest in Hughes. A year later, in preparation for purchasing the third set of bonds, Sugarman assisted in financing the purchase of Atlantic Asset Management LLC, which purchased the third set of bonds for $16 million.


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Jason Sugarman is a Los Angeles businessman and investor who holds minority ownership interests in the Golden State Warriors, Los Angeles FC MLS soccer franchise, and the Oklahoma City Dodgers — the AAA Minor League franchise team of the Los Angeles Dodgers. But more importantly for Archer and Galanis, Sugarman was part owner and had control of an insurance company, Valor Group Ltd. (“VGL”), a Bermuda-based insurance conglomerate. He was also Director and an indirect owner of then-SEC-registered broker-dealer and investment adviser Burnham Securities.


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It was Sugarman’s insurance company that was supposed to issue the annuities that were going to be purchased with the proceeds from the bond sale, but were instead diverted to individuals involved in the fraud scheme. A significant amount of the money made its way to Sugarman. Sugarman was close with Galanis. Various people involved in the scheme told SEC investigators that the group referred to them as “The two Jasons”, and viewed them as 50-50 partners in everything that happened with the Indian Tribe bond scheme. They were in regular communication as the deal came together, and even had paperwork prior to the deal being formalized laying out where they would divert the proceeds from the bond sales.


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So how did the duo of “The Two Jasons” end up a trio with Devon Archer involved? Jason Sugarman, in addition to being an LA-based entrepreneur, investor, and businessman, is also the husband of Elizabeth Guber. Elizabeth Guber is the daughter of Hollywood uber-Producer Peter Guber, who along with his former partner, Barbara Streisand paramour Jon Peters, produced such Hollywood hits as The Color Purple, Flashdance, Rain Man, Batman, Witches of Eastwick, Midnight Express, and at least a dozen more box office hits and Hollywood awards winners.


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Devin Archer gets into the “bundling” trade to cement his connections to big-time moneyed operators of the Democrat persuasion who he hopes to lure into being in business with him — Chris Heinz is too risk averse, and he’s already got his billion. Galanis and Archer get put together by Sugarman, and they start planning the formation of a financial services conglomerate they can use ….. well, Archer probably wants to create something like a Wall Street boutique venture capital firm, whereas Galanis just wants to defraud investors because it’s faster and allows more time for partying and women. Cooney is just driving — he’s Turtle in the Entourage. And they size up Hunter as being too drug-addled and stupid to ask too many questions, but valuable nonetheless because he’s the son of a Vice President with absolutely no ethics or scruples when it comes to cashing in on his office. More to come in Part 3.




DingLeeBerry
Mississippi St. Fan
Member since Oct 2014
6848 posts
 Online 

re: Red State Give Details on the Complexity of these Businesses
If there are any pro-BLM/antifa types reading who don’t mind identifying themselves, would like to get your thoughts on this item...you’ve got Democrats, Hollywood, and professional sports ownership (including the NBA) apparently ripping off a minority group. What say you about all this?

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Jason Sugarman is a Los Angeles businessman and investor who holds minority ownership interests in the Golden State Warriors, Los Angeles FC MLS soccer franchise, and the Oklahoma City Dodgers — the AAA Minor League franchise team of the Los Angeles Dodgers. But more importantly for Archer and Galanis, Sugarman was part owner and had control of an insurance company, Valor Group Ltd. (“VGL”), a Bermuda-based insurance conglomerate. He was also Director and an indirect owner of then-SEC-registered broker-dealer and investment adviser Burnham Securities.


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Jason Sugarman, in addition to being an LA-based entrepreneur, investor, and businessman, is also the husband of Elizabeth Guber. Elizabeth Guber is the daughter of Hollywood uber-Producer Peter Guber, who along with his former partner, Barbara Streisand paramour Jon Peters, produced such Hollywood hits as The Color Purple, Flashdance, Rain Man, Batman, Witches of Eastwick, Midnight Express, and at least a dozen more box office hits and Hollywood awards winners.


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