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Friday, September 21, 2012

Romney's Party Animal Guy Has Bankrupted 28 Companies

He Co-Owns the Philadelphia 76ers
The host of a now infamous fundraiser at which Mitt Romney told donors that he thinks half of Americans depend on the government has a scandalous past.

Before hosting a May fundraiser for the Republican presidential candidate at his Florida home, Marc Leder, 50, hosted several debauched parties, according to the New York Post. The paper wrote about a "nude frolic" at one such party Leder hosted last summer at a rented home in Bridgehampton, N.Y.:

It was as if the Playboy Mansion met the East End at a wild party at private-equity titan Marc Leder's Bridgehampton estate, where 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.

Leder, who made his fortune as co-founder of the private equity firm Sun Capital, is linked to the darker side of private equity. Around 20 percent of companies that Sun Capital owns have filed for bankruptcy since 2008: 28 companies in all, including the restaurant chain Friendly's, according to The New York Times. Friendly's laid off 1,260 workers overnight when it filed for bankruptcy last year, according to Daily Finance.

Romney made controversial remarks at Leder's home in Boca Raton, Fla., on May 17, according to Mother Jones' David Corn, telling attendees that 47 percent of Americans are Obama voters who "believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it."

from www.philly.com - SIXERS CO-OWNER Marc Leder, at whose Florida home Mitt Romney remarked that 47 percent of the nation "believe that they are victims," is known to throw wild parties in the Hamptons, reports the New York Post.

The paper says "guests cavorted in a pool and performed sex acts, while scantily clad Russian women danced on platforms," at a rented home in Bridgehampton, N.Y., during a summer bash last year.

The Post said Leder went on something of a tear after his wife of 22 years, Lisa, cheated on him with her tennis instructor in 2009.

At the time of the Post's 2011 report about the divorced Leder's wild ways, the paper quoted a source who said: "So many girls think they're dating him. There are at least three that I know of."

Hip-hop/fashion mogul Russell Simmons; his ex-wife, Kimora Lee Simmons, and her new actor husband, Djimon Hounsou, have been guests at Leder's parties, but did not attend the Romney one.

Leder, who owns Sun Capital, a private-equity firm based in Boca Raton, Fla., went to the Wharton School. In 2011 he joined fellow Wharton grads Joshua Harris and David Blitzer to purchase the Sixers. Harris and Blitzer are co-managing owners with at least 10 other partners, including Will Smith, wife Jada Pinkett Smith and James Lassiter, Smith's longtime producing partner in Overbrook Entertainment, all of whom own much smaller stakes.

A Sixers spokesman said the team had no comment.

A woman who answered the phone at Sun Capital said there was nobody there who could discuss the Romney fundraiser, and a detailed email requesting comment was not answered Tuesday.

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