Tag:

Private Equity

CNN News Anchor From CT Announces Husband's Death In Heartbreaking Post CNN News Anchor From CT Announces Husband's Death In Heartbreaking Post
CNN News Anchor From CT Announces Husband's Death In Heartbreaking Post Alisyn Camerota, A CNN anchor from Fairfield County, CT and with New Jersey roots is mourning the loss of her husband, she announced in a heartbreaking post on social media. Camerota, who was born in Shrewsbury, NJ said on Friday, Sept. 20 on Instagram that her husband, Tim Lewis, died on July 27, 2024 — two years after being diagnosed with Stage 4 pancreatic cancer. Lewis' obituary on the Harding Funeral Home website says that he and Camerota live in Westport, CT. "I cannot imagine any human being soldiering through a devastating diagnosis with more humor, humility and bravery than Tim," …
Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's CT Rundown Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's CT Rundown
Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's CT Rundown Discount retail chain Big Lots has filed for bankruptcy as its list of planned store closures expands. It currently has around 1,425 stores nationwide. The company announced on Monday, Sept. 9 that it will sell its assets to an affiliate of private equity firm Nexus Capital Management. In announcing initial store closures late in late July, Big Lots said a bankruptcy filing could be coming. Stores in the Northeast now slated for closure are as follows: New York Delaware Avenue, Buffalo South Ogden Street, Buffalo Route 5 & 20, Canandaigua  Voice Road, Carle Place Centereach …
$1B Scheme: Pair Of CEOs, Including Manhasset Man, Defrauded 10K Investors, Jury Finds $1B Scheme: Pair Of CEOs, Including Manhasset Man, Defrauded 10K Investors, Jury Finds
$1B Scheme: Pair Of CEOs, Including Manhasset Man, Defrauded 10K Investors, Jury Finds A New York resident was one of two CEOs convicted in federal court of a $1 billion fraud scheme involving thousands of investors. Long Island resident David Gentile, age 57, of Manhasset, and Jeffry Schneider, age 55, of Austin, Texas, were found guilty in federal court on all counts of an indictment charging them with conspiracy to commit securities fraud, conspiracy to commit wire fraud, and securities fraud. Gentile, the owner and CEO of GPB Capital Holdings, was also convicted on two counts of wire fraud. The verdict came after an eight-week trial. When sentenced on Thursd…
CT-Based Subway Announces Sale: Company Has 'Bright Future,' CEO Says CT-Based Subway Announces Sale: Company Has 'Bright Future,' CEO Says
Ct-based Subway Announces Sale: Company Has 'Bright Future,' CEO Says The iconic sandwich seller Subway, which is headquartered in Connecticut, has announced its sale to a private equity firm.  The New Haven County-based fast food company, which is headquartered in Milford, announced that it will be acquired by affiliates of Roark Capital on Thursday, Aug. 24.  In a statement, Subway officials said the sale would be a "major milestone" in the company's history. "This transaction reflects Subway's long-term growth potential, and the substantial value of our brand and our franchisees around the world," said Chief Executive Officer John Chid…
Ex-CEO From Region Sentenced For $58 Million Fraud Ex-CEO From Region Sentenced For $58 Million Fraud
Ex-ceo From Region Sentenced For $58 Million Fraud The founder and former chief executive officer of a private equity investment firm in the region will be sent to prison in connection with a securities scheme in which federal authorities say he fraudulently induced hundreds of individuals to invest a total of approximately $58 million in two real estate funds. Fairfield County resident Eric Malley, age 51, of New Canaan was sentenced to five years in prison on Thursday, Dec. 2. In addition to the prison term, Malley was sentenced to three years of supervised release and ordered to make restitution in the amount of $33,249,822.12 and …
Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says
Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says The death of Devon Dalio, who died in a fiery car crash into a retail store in Fairfield County, has been categorized as accidental by the state Office of the Chief Medical Examiner. Dalio, age 42, the son of billionaire hedge fund investor Ray Dalio died of smoke inhalation and thermal injuries on Thursday, Dec. 17, the M.E.’s office said Friday, Jan. 22. The office said no other information would be released regarding the crash. The crash took place at the Riverside Commons Shopping Center located at 1233 East Putnam Ave., in Greenwich when Dalio's 2016 Audi, drove over the parking strip…