Sixers Co-Owner Apologizes to Mitt Romney, May Press Charges Against Person Who Secretly Taped the Presidential Candidate, Has Fun Sex Parties

Screen Shot 2012-09-19 at 8.53.18 AMPhoto: Balloon Juice

Sometimes our world twists and turns in strange ways. Athletes all tend to know each other. Media folks know media folks. Doctors know doctors. Scholars know scholars. And rich people know rich people as they sit in small rooms, naked, and set the global agenda.

That last one became quite apparent with yesterday’s interesting news that Mitt Romney’s now infamous fundraising speech was given at the Boca Raton home of Marc Leder, the hundred millionaire co-owner of the Sixers who reportedly paid for his Wharton School tuition with blackjack money. Boss.

[Phawker has a fun Photoshop of Romney wearing Sixers gear.]

Leder apologized to Romney and – get this – may press charges against the person who took the video. And who is that person? Good question. Not surprisingly, Leder blames the help.

Here are the details from Laura Goldman, whose legitimacy we once questioned for a story about Ryan Madson’s wife, but Goldman’s blog, Naked Philadelphian, has since churned out interesting stuff:

Marc Leder, whose home was the site of the infamous 47% Romney video, has apologized to the Republican presidential candidate for the lapse in security at the fundraiser. Before Mitt Romney spoke at the fundraiser, guests were reminded that Mitt Romney's comments were off the record. Those present were asked not to repeat his remarks to the press. Feder believes that the video was made by someone who was hired to work the party. He is in the process of narrowing down the suspects and is contemplating contacting law enforcement.

Leder, the co-founder of Sun Capital, issued an official statement about the video: “I hosted a fundraiser for an old friend in May. I believe all Americans should have the opportunity to succeed, to improve their lives, and to build even better lives for their children. I have supported people from both political parties who share this view and make it a priority, even though their ideas on how to achieve it may differ.”


Actually, if you watch the videos, the camera does appear to be placed in an area near where servers were working. So, Leder may be right in blaming the 47%ers in attendance.

Of course, Leder, rightfully or not, has been placed in the middle of a presidential campaign, and with that comes all sorts of fun stuff. Like this, about Leder’s partying ways, from today’s NY Post:

But nothing compared with the final bash July 30, as Page Six reported:

“Guests cavorted nude in the pool and performed sex acts, scantily dressed Russians danced on platforms and men twirled lit torches to a booming techno beat.”

Witnesses said a man and woman stripped, jumped into the pool and later performed sex acts on a lounge chair before stunned fellow partygoers.

A friend said Leder “went wild” after his 22-year marriage collapsed in 2009 and his ex-wife admitted to cheating on him with her 23-year-old tennis coach.


I’m totally convinced at this point that all rich people go to Eyes Wide Shut-style parties like us normal folk go to T.G.I. Friday’s. And that’s OK– I can promise you (not speaking from experience) that a Russian hooker tastes better than anything on the highly overrated Jack Daniel’s Grill (I know, this is a sore spot for some folks, and I apologize for offending your foolish palate). So, we can’t blame Leder for partying it up with presidential candidates and nude dancers. But dude, being duped by the tennis pro? That’s so cliché.


11 Responses

  1. So that’s how ET gets the white girls. I’m sure the team is going to revolt that he doesn’t support their color

  2. Just like Nick Rockefeller said to Arron Russo:
    ” Why do you care about these people ?”
    He meant the middle class.
    Humanitarians love humanity…they just don’t like people.
    just like the Ed Snider/Sarah Palin photo op.

  3. Here’s how Romney would go about “liberating” a company: A private equity firm like Bain typically seeks out floundering businesses with good cash flows. It then puts down a relatively small amount of its own money and runs to a big bank like Goldman Sachs or Citigroup for the rest of the financing. (Most leveraged buyouts are financed with 60 to 90 percent borrowed cash.) The takeover firm then uses that borrowed money to buy a controlling stake in the target company, either with or without its consent. When an LBO is done without the consent of the target, it’s called a hostile takeover; such thrilling acts of corporate piracy were made legend in the Eighties, most notably the 1988 attack by notorious corporate raiders Kohlberg Kravis Roberts against RJR Nabisco, a deal memorialized in the book Barbarians at the Gate.
    Romney and Bain avoided the hostile approach, preferring to secure the cooperation of their takeover targets by buying off a company’s management with lucrative bonuses. Once management is on board, the rest is just math. So if the target company is worth $500 million, Bain might put down $20 million of its own cash, then borrow $350 million from an investment bank to take over a controlling stake.
    But here’s the catch. When Bain borrows all of that money from the bank, it’s the target company that ends up on the hook for all of the debt.
    Now your troubled firm – let’s say you make tricycles in Alabama – has been taken over by a bunch of slick Wall Street dudes who kicked in as little as five percent as a down payment. So in addition to whatever problems you had before, Tricycle Inc. now owes Goldman or Citigroup $350 million. With all that new debt service to pay, the company’s bottom line is suddenly untenable: You almost have to start firing people immediately just to get your costs down to a manageable level.
    “That interest,” says Lynn Turner, former chief accountant of the Securities and Exchange Commission, “just sucks the profit out of the company.”
    – Matt Tiabbi “The Greed Of Mitt Romney”
    Kyle…..they’ll never let you sit at the big table.

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