Business reporters and financial quarters are abuzz with the talk of the $2 billion that Louis Bacon will be giving back to investors any day now. The Macro Hedge Fund manager of Moore Capital says this year, the fund may be too big to match past returns, citing that his liquidity and opportunities are more constrained. But is such a gigantic and shocking payback a concession for investors or a confession that Moore Capital really was a part of the multi-billion dollar scam that is still the subject of international criminal intelligence investigations?
Bacon's hedge fund made news headlines when Moore Capital employees were cited in subpoenas concerning this scam, which involves hundreds of billions of dollars and spans over several countries and financial capitals. To date, the case is still inconclusive, but Bacons tactics of bullying the media, police and government officials seems to continue in the meantime. That bullying comes in the form of long dollars that have been able to buy him relative safety thus far. Financial critics are questioning whether the generous $2 billion payback may result in those Moore Capital employees cited for investigation being taken off of the list of possible defendants, and Moore Capital continues its hedge fund management unabated. Aware of Bacon's smooth tactics, finanacial reporter Landon Thomas Jr. of the New York Times reported that Moore Capital's main fund was down 3.18% this year through the second quarter.
His alleged tactics include: convincing hospital officials to withhold an autopsy report that should have been made public concerning the death of his worker Dan Tuckfield (who was discovered dead, floating naked in a hottub); having his good friend, former Environment Minister Earl Deveaux, grant him a government permit for his marina after he had already tore up the shoreline and created a secret alcove where any kind of contraband could come into his back door incognito; getting Lyford Cay Managing Director Mary Braithwaite to turn a blind eye as he wreaked havoc on his neighbor, Peter Nygard's property in order to build up his easement and ruin the roadway to his neigbor's home; persuading former National Security Minister Tommy Turnquest to give him back a pair of dangerous long-range speaker weapons used by the military, even though police had conducted an official raid and confiscated the weapons (the minister admitted that the speakers could severely impact air traffic control and Bacon's attorney Pericles Maillis admitted to the press that his client intentionally used them on Nygard); forcing certain members of the press who were hot on the trail of his wrongdoing to cease and desist from writing or speaking about him; and getting certain members of the court to give Nygard attorneys a hassle as they sought justice from the constant harassment Nygard employees were getting, and the deplorable conditions created by the construction of Bacon's alleged illegal easement; convincing the former Attorney General John Delaney to throw out a criminal case presented against Bacon by Peter Nygard, even though the foundational case which stems from Canada gave leeway for Nygard's lawyers to pursue the case here, with evidence of defamation and corruption coming to light.
It was widely reported in the Bahamian press during the run-up to the May 7, 2012 General Elections that Bacon is suspected of being a major financier of the former government's party, the Free National Movement. Indeed, it's Cabinet Ministers were proven to have colluded with him in instances, as was admitted once by the former leader of government business in the Senate, Hon. Dion Foulkes. It gives financial critics reason to believe that Louis Bacon's actions in the Bahamas are a reflection of his attitude and actions anywhere he invests, mainly in the United States and the United Kingdom. In the Bahamas, no pressure exists for political parties to reveal their sources of funding, however, in the US and the UK, it is necessary and thus, both the US Republican Party an the UK Tories party made an honorable mention of the half a million sponsored by Louis Bacon, although many suspect the figure is just a drop in the bucket compared to what he truly gave these parties to allegedly assist in covering up his many tactics to get the things he wants without going through the proper channels. The Restor Our Future special committee for presidential candidate Mitt Romney received a half a million dollar donation from the likes of 18 Moore Capital employees.
The current $2 billion payout may just be the beginning of some serious cash gifts being handed out, as the Republican party keeps raking in big bucks to help their bemused candidate Mitt Romney defeat President Barak Obama in the November elections, that is only about 90 days away.
It's a political chess game of power that Bacon seems intent not to lose, but every good game player knows that money can't buy everything - and therein may lie his downfall. When the FNM lost the general elections it he Bahamas this past May, it was reported that Bacon moved his mega millions to the southerly neighbor Turks & Caicos, where government officials may be more easier to persuade and society is believed to be a bit more passive. He may be monitoring the US elections from that vantage point, hoping that the successful return of the Republican party could signal his return to chiefdom - a privilege which passed him in the Bahamas despite the millions he invested. Bacon may run for now, but an old adage says, if you keep running around the world, which is a circle, you will end up right back where you started, and you will have to face the same issues you ran from unless you correct them.
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Sent from Empress Felicity
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