local and regional investors
PersonRelationship Network
Event Timeline
| Connected Entity | Relationship Type |
Strength
(mentions)
|
Documents | Actions |
|---|---|---|---|---|
|
organization
KUE
|
Investment |
8
Strong
|
4 | |
|
organization
KUE
|
Business associate |
6
|
2 | |
|
person
General Partner
|
Regulatory approval |
6
|
1 | |
|
person
Bank of America Merrill Lynch
|
Conference polling |
6
|
1 | |
|
person
Mr Blinde
|
Speaker audience |
6
|
1 | |
|
person
BofA Merrill Lynch representative
|
Client |
5
|
1 | |
|
person
Principals
|
Financial |
5
|
1 | |
|
person
General Partner
|
Governance |
5
|
1 | |
|
organization
KUE
|
Shareholder issuer |
5
|
1 | |
|
organization
General Partner
|
Financial |
5
|
1 | |
|
person
witness
|
Fraudster victim |
5
|
1 | |
|
person
Scott
|
Fraudulent |
5
|
1 | |
|
person
Principals
|
Co stakeholders |
5
|
1 | |
|
person
New Leaf Ventures III, L.P.
|
Investment opportunity |
5
|
1 | |
|
organization
USVI Government
|
Selected for development |
5
|
1 | |
|
organization
Patton Boggs
|
Presented to |
5
|
1 | |
|
person
AMG, APAM, BLK, CNS, OMAM, and VRTS
|
Hosted meetings with |
5
|
1 | |
|
person
Asset Managers (IVZ, EV, LM, AB, etc.)
|
Acquaintance |
5
|
1 |
| Date | Event Type | Description | Location | Actions |
|---|---|---|---|---|
| N/A | N/A | Completion of offering | N/A | View |
| N/A | N/A | Pro Forma Funding Event | Not specified | View |
| N/A | N/A | Meeting with EBRD | Unspecified | View |
| N/A | N/A | Proposed Drag-Along Transfer | N/A | View |
| N/A | N/A | Collapse of Drysdale Government Securities (DGS) | New York | View |
| N/A | N/A | Alleged fraudulent presentations by Scott Rothstein to investors about lawsuits against Epstein. | N/A | View |
| N/A | N/A | Consummation of the offering | N/A | View |
| N/A | N/A | Meeting with investors to sell fake settlements. | Witness's office | View |
| N/A | N/A | Pitch meetings to investors | Unknown | View |
| N/A | N/A | Initial Listing | International securities ex... | View |
| N/A | N/A | Meetings with Ponzi investors. | Witness's Office | View |
| N/A | N/A | First closing of the offering | N/A | View |
| N/A | N/A | Wells Fargo's Investor Day, where the company disclosed its 2-year performance targets. | N/A | View |
| N/A | N/A | Initial closing of the offering | Unknown | View |
| N/A | N/A | TIIC Group successfully raised its 'First Fund' with €140m in commitments. | Europe | View |
| N/A | N/A | Completion of this offering | Not specified | View |
| N/A | N/A | The USVI Government selected investors to develop a hotel resort. | Water Island, USVI | View |
| N/A | N/A | Potential Sale of KUE or Initial Listing | N/A | View |
| N/A | N/A | An investor poll was conducted regarding expectations for credit provisions in 2017. | Unknown | View |
| N/A | N/A | Funding of $1 Billion | Delaware / Cayman Islands | View |
| N/A | N/A | A proposed 'Beauty Pageant' for female entrepreneurs. The event would involve the top five finali... | Unspecified | View |
| N/A | N/A | Closing of the offering | Unspecified | View |
| 2019-07-12 | N/A | SunEdison settles with investors for $74M. | New York Federal Court | View |
| 2016-11-17 | N/A | The '2016 Future of Financials Conference' where public asset managers (ARES, BX, CG, KKR) presen... | Not specified | View |
| 2016-11-17 | N/A | The '2016 Future of Financials Conference' was held, during which an audience of investors was po... | Not specified | View |
HOUSE_OVERSIGHT_017500.jpg
This document is a deposition transcript (pages 38-41) from a legal proceeding involving a Ponzi scheme. The witness (likely a lawyer) describes how they used legitimate case files from the 'Epstein case'—specifically pointing out a flight manifest—to convince investors that a fake settlement opportunity was real. The witness details a strategy of bringing boxes of files into their office (assisted by Ken Jenne) and intentionally leaving the room ('wink, wink') to allow investors to breach attorney-client privilege and view the documents to verify the case's existence.
HOUSE_OVERSIGHT_024489.jpg
This document is page 56 of a financial offering memorandum (likely for a private placement). It details the risks associated with investing in 'Units' of a company connected to 'KUE' (Knowledge Universe Education) and 'k12'. The text outlines legal disclaimers regarding financial projections, the repayment of KUE's debt using offering proceeds, and the limited information rights afforded to investors under KUE's Limited Partnership Agreement.
HOUSE_OVERSIGHT_024560.jpg
This document (page 127 of a House Oversight production) is a section of a Limited Partnership Agreement or Private Placement Memorandum for KUE LLC. It details corporate governance mechanisms including 'Drag-Along Rights' forcing investors to sell under certain conditions, provisions for listing investor units on securities exchanges (requiring a $100 million holding threshold), future capital raising rights, and strict requirements for periodic financial reporting and record-keeping. The document references the 'ELP Law' and outlines the duties of the General Partner.
HOUSE_OVERSIGHT_024558.jpg
This document is page 125 of a legal agreement (likely a partnership agreement) outlining investment restrictions and transferability rules for an entity named KUE (likely Knowledge Universe Education). It mandates that KUE be the exclusive vehicle for the 'Principals' to invest in pre-K through 12th-grade education companies, with specific exceptions for LeapFrog Enterprises, Nobel Learning Communities, and K12 Inc. It also details strict restrictions on the transfer of investor units, requiring General Partner approval.
HOUSE_OVERSIGHT_024557.jpg
This document is a page from a legal agreement, likely a Private Placement Memorandum or Partnership Agreement, concerning an entity named 'KUE' and 'KUE LLC'. It outlines provisions for the sale or listing of the entity within nine years, ensures equal consideration for Investors and Principals during mergers (Section 14.14), and establishes strict governance and approval thresholds for 'Related Party Transactions' involving the Principals (Section 14.15). The document bears a House Oversight Committee Bates stamp.
HOUSE_OVERSIGHT_024556.jpg
This document is a page from a legal agreement (likely an offering memorandum) detailing financial structures for an entity named KUE (likely Knowledge Universe Education). It outlines a $20 million annual fixed overhead payment to KULG starting July 1, 2006, and defines a 7-year 'Illiquidity Period' after which the company must pursue a sale or public listing. It also establishes governance rules for 'Principals' wishing to bid on the company during a sale process, ensuring oversight by an Independent Committee.
HOUSE_OVERSIGHT_024551.jpg
This document appears to be page 118 of a legal offering memorandum or partnership agreement stamped by the House Oversight Committee. It outlines the governance structure of an entity named 'KUE', detailing that the General Partner has full management control while Investors (Limited Partners) have no voting rights on business matters. It also establishes a Board of Directors for the General Partner, initially capped at 13 members, and defines specific voting privileges for Class A and Class B share holders.
HOUSE_OVERSIGHT_024549.jpg
This document is a page from a legal memorandum (likely a Private Placement Memorandum) detailing the corporate structure, liability, and capitalization of an entity named KUE (Knowledge Universe). It outlines Cayman Islands and Delaware legal frameworks regarding director liability and 'piercing the corporate veil.' It breaks down ownership stakes projected for March 31, 2007, specifically giving 'The Principals' (via KUE LLC) 60% ownership and Investors 40% ownership.
HOUSE_OVERSIGHT_024082.jpg
This is page 71 of a confidential financial memorandum (Control Number 257), likely a Private Placement Memorandum for an investment fund. It details regulatory compliance strategies following the Dodd-Frank Act of 2011, specifically noting that the General Partner and Management Company intend to rely on the 'venture capital fund exemption' to avoid registering as investment advisers with the SEC. It also includes standard legal disclaimers regarding 'forward-looking statements,' warning investors that projections are not guarantees of future performance. The document bears a House Oversight Committee Bates stamp, indicating it was part of a congressional investigation.
HOUSE_OVERSIGHT_024474.jpg
This document is an organizational chart outlining a pro forma structure for a $1 billion funding round for Knowledge Universe. It details a complex hierarchy involving Delaware LLCs and Cayman Islands entities, showing the flow of ownership from 'Principals' down to operating companies like Knowledge Learning Corporation and k12 Inc. The chart specifies share classes, LP units, and ownership percentages at each level of the corporate structure.
HOUSE_OVERSIGHT_024470.jpg
This document is page 37 of a legal agreement (likely a Private Placement Memorandum or Partnership Agreement) concerning an entity named 'KUE'. It details the 'Illiquidity Period' (7 years) and the protocols for a future sale or Initial Public Offering (IPO), specifically outlining conflict of interest rules for 'The Principals' if they choose to bid on the company versus the role of an 'Independent Committee'. The document is stamped with a House Oversight Committee identifier.
HOUSE_OVERSIGHT_024469.jpg
This document outlines specific rights for investors in KUE LLC, including Drag-Along rights which compel investors to sell under certain conditions, and Co-Invest rights allowing participation in future cash offerings. It also details provisions for tag-along rights post-listing and the mechanism for investors holding significant units to request the listing of their units on an international securities exchange after an initial period.
HOUSE_OVERSIGHT_024468.jpg
This document is page 35 of a Private Placement Memorandum concerning an entity named 'KUE' (likely Knowledge Universe). It details legal stipulations regarding investments in subsidiaries, restricting the 'Principals' from bypassing 'Investors' in equity deals unless approved by an Independent Committee. It establishes KUE as the exclusive vehicle for the Principals' investments in pre-K through 12th-grade education and outlines strict transferability rules for Investor Units, requiring General Partner consent.
HOUSE_OVERSIGHT_024467.jpg
This document is page 34 of a Private Placement Memorandum or Limited Partnership Agreement for an entity named KUE (likely KUE LLC). It defines 'Related Party Transactions' and establishes governance thresholds: transactions over $1 million involving the Principals require specific definitions, while those between $1 million and $50 million require Independent Committee or Limited Partner approval. Transactions exceeding $50 million require approval from both the Independent Committee and a majority of unaffiliated Limited Partners.
HOUSE_OVERSIGHT_024465.jpg
This document is page 32 of a legal agreement outlining financial and governance structures for an entity named KUE. It details a $20 million annual 'Fixed Overhead Payment' from KUE to KULG starting July 1, 2006, covering salaries and administrative costs. It also defines voting rights, establishing the General Partner as the manager while limiting the voting power of Investors (Limited Partners), except in specific amendment scenarios involving 'Class A' and 'Class B' shares.
HOUSE_OVERSIGHT_024464.jpg
This document is page 31 of a legal agreement (stamped House Oversight) detailing profit distribution waterfalls and merger provisions for a partnership involving KUE LLC. It specifies that 'The Principals' operate through KUE LLC and outlines complex rules regarding high-vote versus low-vote securities during corporate restructuring or subsidiary distributions. The text defines an 'Equal Merger Consideration Provision' ensuring Principals and Investors receive similar economic consideration during sales or mergers, with exceptions for voting rights during restructuring.
HOUSE_OVERSIGHT_024463.jpg
This document is page 30 of a Private Placement Memorandum or Limited Partnership Agreement for an entity identified as 'KUE'. It outlines the financial distribution waterfall structure (prioritizing return of capital and an 8% preferred return), the authority of the General Partner, and governance rules involving an 'Independent Committee' regarding the issuance of Profits Participation LP Units. The document bears a House Oversight Committee stamp, indicating it is part of a congressional investigation.
HOUSE_OVERSIGHT_024462.jpg
This document page outlines the complex equity structure and transfer restrictions for entities under the 'Knowledge Universe' umbrella (KUE, KUH, KULG), controlled by unnamed 'Principals.' It details the distribution of LP Units, Class A and B Shares, and Profits Participation Units based on financial milestones, including a $1.5 billion investor purchase threshold. The text specifies that shares are generally non-transferable except to the Principals, their affiliates, or for estate planning purposes.
HOUSE_OVERSIGHT_024461.jpg
This document is page 28 of a financial offering memorandum for KUE LLC, a Delaware company. It details the 'Use of Proceeds' from an investment offering, which includes repaying $150 million in debt, $50 million in fees (including a 'Fixed Overhead Payment Agreement'), and expanding operations. It also outlines the 'Capital Structure,' projecting that investors will own 40% of the company if 1,000,000 units are sold by March 31, 2007. The document bears a House Oversight Committee Bates stamp.
HOUSE_OVERSIGHT_014362.jpg
This document presents survey results on the challenges and risks associated with new financial clearing rules. The primary challenges identified are the rising cost of collateral (50%) and the complexity of infrastructure and country rules (45%). The biggest perceived risks in the clearing mandate are collateral concentration issues (33%) and cybersecurity (27%).
HOUSE_OVERSIGHT_014337.jpg
This document, a Bank of America Merrill Lynch research note from November 17, 2016, analyzes New York Community Bancorp (NYCB). It highlights NYCB's strategy to remain below the $50bn SIFI asset threshold pending legislative action, and outlines key investor risks including the pending Astoria acquisition and a potential softening in the NYC multifamily market. The report also notes management's confidence in NYCB's ability to navigate market downturns and benefit from rising interest rates.
HOUSE_OVERSIGHT_014321.jpg
This document is a one-page summary from the Bank of America Merrill Lynch '2016 Future of Financials Conference' held on November 17, 2016. It details investor sentiment, showing bullishness on equity markets and less optimism for the real estate market based on audience polling. The document, labeled 'HOUSE_OVERSIGHT_014321', contains no mention of Jeffrey Epstein or any related individuals or activities.
HOUSE_OVERSIGHT_014320.jpg
This document is a slide from a Bank of America Merrill Lynch presentation at the '2016 Future of Financials Conference' dated November 17, 2016. It presents survey data on investor expectations for 2017 M&A activity and opinions on new pricing models in the asset management sector. Although bearing a 'HOUSE_OVERSIGHT' Bates stamp, suggesting its inclusion in an investigation's evidence file, the document's content is purely financial analysis and contains no explicit mention of Jeffrey Epstein or any related individuals or activities.
HOUSE_OVERSIGHT_018836.jpg
This document is page 26 of a Marina Market Analysis report, providing an overview of national boating trends in the United States with data primarily from 2014. It details industry sales figures from 2006 to 2014, participant demographics, and boat registration statistics by state, referencing data from the National Marine Manufacturers Association (NMMA). While the document itself does not mention Jeffrey Epstein or any related individuals, the footer contains 'IGY American Yacht Harbor Marina' and a 'HOUSE_OVERSIGHT' Bates number, suggesting it was collected as evidence for an investigation, possibly due to IGY's connection with Epstein's travels.
| Date | Type | From | To | Amount | Description | Actions |
|---|---|---|---|---|---|---|
| N/A | Paid | local and regiona... | KUE | $1,500,000,000.00 | Reference to the sale of the first $1.5 billion... | View |
| N/A | Received | KUE | local and regiona... | $0.00 | Distributions of cash and/or securities equal t... | View |
| N/A | Paid | local and regiona... | KUE/Partnership | $1,500,000,000.00 | Reference to the sale of the first $1.5 billion... | View |
| N/A | Received | KUE | local and regiona... | $0.00 | Distributions of cash and/or securities equal t... | View |
| N/A | Paid | local and regiona... | Units Sellers | $1,500,000,000.00 | Aggregate purchase price threshold of $1.5 bill... | View |
| N/A | Paid | local and regiona... | KUE/Common LP Units | $1,500,000,000.00 | Sale of the first $1.5 billion of Common LP Units. | View |
| N/A | Paid | local and regiona... | KUE LLC | $1,000.00 | Price per Common LP Unit | View |
| N/A | Paid | local and regiona... | KUE LLC | $280,000,000.00 | Total value of Common LP Units offering | View |
| N/A | Paid | local and regiona... | KUE LLC | $1,000.00 | Price per Common LP Unit | View |
| N/A | Paid | local and regiona... | KUE | $1,500,000,000.00 | Threshold for aggregate purchase price of Units... | View |
| N/A | Paid | local and regiona... | KUE LLC | $1,000.00 | Price per unit | View |
| N/A | Paid | local and regiona... | TIIC Group | $140,000,000.00 | Commitments raised for TIIC Group's 'First Fund... | View |
| N/A | Paid | local and regiona... | TIIC Group | $140,000,000.00 | Commitments raised for TIIC Group's 'First Fund... | View |
| N/A | Paid | local and regiona... | Partnership | $1,500,000,000.00 | Threshold reference: Aggregate purchase price o... | View |
| N/A | Paid | local and regiona... | TIIC Group | $300,000,000.00 | Target aggregate commitments for the successor ... | View |
| N/A | Paid | local and regiona... | TIIC Group | $300,000,000.00 | Target aggregate commitments for the successor ... | View |
| N/A | Paid | local and regiona... | Towers Financial | $450,000,000.00 | Steven Jude Hoffenberg was sentenced for bilkin... | View |
| N/A | Paid | local and regiona... | KUE LLC | $280,000,000.00 | Total offering amount through conversion of units | View |
| N/A | Paid | local and regiona... | Company/Issuer | $0.00 | 7 3/4% senior subordinated notes | View |
| N/A | Paid | local and regiona... | TIIC Group | $140,000,000.00 | Commitments raised for TIIC Group's 'First Fund... | View |
| N/A | Paid | local and regiona... | The Company | $0.00 | Potential offering discussed in the Memorandum ... | View |
| N/A | Received | First Fund portfolio | local and regiona... | $0.00 | Forecast to deliver a gross IRR of up to 14% an... | View |
| N/A | Paid | local and regiona... | TIIC Group | $300,000,000.00 | Target aggregate commitments for the successor ... | View |
| N/A | Paid | local and regiona... | KUE LLC | $280,000,000.00 | Total value of Common LP Units offering through... | View |
| N/A | Received | KUE | local and regiona... | $0.00 | Distributions of cash and/or securities valued ... | View |
Investment in settlements
Witness showed investors legitimate Epstein case files to prove the case existed, then left the room to let them look at privileged info.
Epstein Settlements
Pitching fake settlements to investors using Epstein case files as props.
Investment scheme
Told investors that victims were paid up-front money to prevent settlement.
Cases
Edwards denies participating in any communications with investors or 'pumping' cases.
Future dependency on Thalomid
Celgene warned investors that the company would be 'very dependent on the commercial success of Thalomid' and that its approved market was 'relatively small'.
Future dependency on Thalomid
Celgene warned investors that the company would be 'very dependent on the commercial success of Thalomid' and that its approved market was 'relatively small'.
Future dependency on Thalomid
Celgene warned investors that the company would be 'very dependent on the commercial success of Thalomid' and that its approved market was 'relatively small'.
Interest in investing in CG stock
A question was posed to investors: "What would get you more interested in investing in CG stock?". The responses were charted, with 40% wanting increased float/reduced complexity and 30% wanting rising fee-related earnings.
Questions concerning the report
Investors are advised to contact their BofA Merrill Lynch representative or Merrill Lynch Global Wealth Management financial advisor if they have questions concerning the report.
No Subject
Investors should contact their BofA Merrill Lynch representative or Merrill Lynch Global Wealth Management financial advisor if they have questions concerning this report.
Ponzi Scheme / Victim Payments
Told investors minor girls were paid up-front money to prevent settling.
Performance and Commentary
Quarterly report detailing Q4 2016 and full year 2016 performance, market analysis, and strategy commentary.
Asset management M&A activity and pricing structures
A survey was conducted asking investors about their expectations for M&A activity in 2017 and their opinion on changing active pricing models to a lower base fee plus a performance fee.
Impact of DOL's fiduciary rule
Investors were asked "Will the DOL's fiduciary rule cause meaningful changes to the brokerage industry?". 83% of investors believe it will cause significant changes.
Deployment of liquidity
WFC received numerous investor questions on when they would deploy its dry power ($572bn in liquidity).
View on the current state of the equity market structure
A survey of investors resulted in a chart showing their views: 27% find it adequate, 5% see a need for transparency improvement, 32% for liquidity improvement, 23% for misaligned incentives improvement, and 14% believe it needs a full revamp.
Asset management M&A activity and pricing structures
A survey was conducted asking investors about their expectations for M&A activity in 2017 and their opinion on changing active pricing models to a lower base fee plus a performance fee.
Q1 2016 letter
Discussed hedge fund crowding.
Private equity
Investment recommendations and market analysis regarding private equity, buyouts, and distressed debt.
Settlement Agreements
Falsely informing investors that settlement agreements were available for purchase.
Settlement Agreements
Falsely informing investors that settlement agreements were available for purchase.
Investor Conference
At an investor conference, Mr. Hugin stated, "Thalomid is important, because it is the financial engine that drives us."
Investor Conference
At an investor conference, Mr. Hugin stated, "Thalomid is important, because it is the financial engine that drives us."
Investor Conference
At an investor conference, Mr. Hugin stated, "Thalomid is important, because it is the financial engine that drives us."
Earnings Call
Subject of C-corp conversion came up on nearly every call.
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