This page was last edited on 28 October 2020, at 20:38. The Billionaire Battle in the Bahamas Peter Nygard is a hard-partying retail tycoon, whose estate is fit for a Mayan emperor. [2], Bacon was born in Raleigh, North Carolina on July 25, 1956. [16], In 2002 Bacon obtained Austrian citizenship due to a special treatment for celebrities who have provided notable achievements for Austria. In late 2010, after Bacon’s property manager of his estate was found dead in the pool in what the public general held as suspicious circumstances, the illegal dredging of the channel and construction of what many called a “smuggler-type” boat basin as it was covered from the sight of the public, came to light. This easement will provide the foundation for the proposed new Sangre de Cristo Conservation Area. This story has been shared 10,718 times. Privacy Notice Legal experts contend that this “after-the-fact” issuance of the permit, was not only suspicious, improper and illegal, but does not cure the criminal offence committed by Bacon under Bahamian laws which makes him liable to being sentenced to a term of imprisonment. LOUIS BACON – DEJECTED, DISGRACED & DEMORALIZED, AGAIN! The group, Save the Bays, has been at odds with Nygard since 2013, when it accused the affordable-fashion designer of illegally expanding his Lyford Cay property — without obtaining permits — by dredging around it. [3][5], While at Columbia, Bacon traded commodities using a low interest loan he had received. They had four children together. What happens if no presidential candidate gets 270 electoral votes? [27], Bacon owns the Trinchera Blanca Ranch located in the San Luis Valley. Legal experts suggested compliance with the orders was unlikely, given the US tradition of freedom of speech, and the fact that US courts typically required "actual evidence or sufficient allegations of libel" before granting similar orders. Seven Opposition MPs signed Letter of No Confidence against Dr. Minnis and sent letter to Government General! Cow Neck Farm, Long Island, New York: Bacon’s Cow Neck Preserve, LLC purchased the farm in 1998 and donated a 540-acre conservation easement to the Peconic Land Trust, thus preventing development and ensuring the protection of the area’s habitat. The Trinchera section of the ranch is currently protected by an easement administered by Colorado Open Lands. [22], In 1991, Bacon was 20th on the list of Financial World's Top 100 Wall Street Earners list. Sitemap Bacon’s $8.9 billion hedge fund, Moore Capital Management, will continue to manage money for its founder and his staffers, according to a Thursday letter to MCM investors. 4,546, This story has been shared 1,348 times. International Tabloid Dances the Louis Bacon Jig – “The Booga-lie”, FNM LINING UP LOUIS BACON’S GENERAL ELECTION CANDIDATES, Working Together to Help the Less Fortunate and to Clean Up Clifton Bay (Peter Nygard – Louis Bacon), LOUIS BACON’S ILLEGAL BOAT BASIN CROWNS HIS DUPLICITY ON ENVIRONMENTAL ISSUES, ATTORNEY LASHES LOUIS BACON–DEFENDS GOVERNMENT’S VISIT TO NYGARD CAY, Louis Bacon racist practices at his Moore Capital Hedge Fund revealed as Peter Nygard slaps on a $50 million counter law suit, JOURNALIST COUNTER SUES LOUIS BACON FOR LIBEL AND SLANDER, LOUIS BACON REAPING THE WHIRL WIND OF HIS OFFENSIVE ACTIONS, SAYS KEOD SMITH, LOUIS BACON WANTS TO OWN THE GOV’T SAYS FORMER PLP MP. November 21, 2019 | 9:51pm | Updated November 26, 2019 | 1:13pm. [34], Litigation involving the Wikimedia Foundation § Outcomes in favor of the plaintiffs, Litigation involving the Wikimedia Foundation, "Billionaire Louis Bacon battles to protect his ranch from big utilities' solar-power plans", "Louis Bacon Tries to Turn Around Taos Ski Valley", "Peter Nygard files RICO suit against billionaire Bahamas neighbour", "Meet cash king Louis Bacon: the richest hedge fund manager in London", "Weddings and celebrations - Gabrielle Sacconaghi, Louis Bacon", "Conservationist buys state's biggest ranch", "US billionaire wins high court order over Wikipedia 'defamation, "U.S. Law Protects Anonymous Speech, Not Billionaires", "Tory donor funds British marine reserve", "Million-Dollar Donors in the 2016 Presidential Race", "Board of Overseers: About: Louis Bacon '81", "Non profit news and comments - "Donor of the Day: Helping Protect the Hudson River." LOUIS BACON CRIMINALLY PROBED (USA State Dept.). The new conservation easement Bacon intends to donate is to protect Blanca – thus protecting all 172,000 acres of land.[28]. LOUIS MOORE BACON’S ATTEMPT TO “COURT SHOP” – THWARTED!! He attended Middlebury College in Vermont where he received his BA in American literature, graduating in 1979. The 171,400-acre (694 km2) property sold for $175 million. It would appear that while Bacon is pushing a friendly environmental agenda through his clandestine political machine known as “Save the Bays” in The Bahamas, Bacon has perpetrated serious environmental breaches, contravening established environmental laws and regulations. He is the founder and chief executive of Moore Capital Management. Approvals for the boat basin had been denied by the PLP Government (which was in office when Bacon dredged the channel for illegal Boat Basin and constructed). Bloomberg Markets and Finance 2,224 views. Bacon then got a job on the floor of the New York Cotton Exchange, working as a "runner". [11] Nygård and Bacon had been previously engaged in a protracted legal dispute over two adjacent properties they own in the Bahamas. One major dereliction is how Bacon constructed an illegal boat basin on the $20 million Point House compound in the ultra-wealthy, posh, exclusive gated confines of Lyford Cay in The Bahamas which he claims to be his. The letter highlighted MCM’s net annualized return of 17.6 percent over the firm’s 30 years, calling it a record “we remain proud of having delivered,” and a cumulative return of more than 21,000 percent. 10,718, This story has been shared 4,546 times. But it also acknowledged “disappointing results” in recent years as Bacon and Nygard, neighbors in the Bahamas, have endlessly battled each other in court and online over what started as a property dispute in 2013. Here's what stocks to buy if Biden — or Trump — wins the 2020 election, Medical scrubs startup Figs gears up for $4B IPO amid legal battle: Sources, US workers file 751,000 jobless claims as COVID crisis total tops 66 million, Lamar Odom and fiancée Sabrina Parr call off engagement, Jalen Rose on his admiration for journalist Van Lathan, Leonardo DiCaprio watched the election with pals on his basketball court, © 2020 NYP Holdings, Inc. All Rights Reserved, Peter Nygard plans to sue rival for raid that led to resignation, Peter Nygard resigns as head of fashion company after sex-trafficking raid, Steve Cohen one of few bright spots in bad year for hedge funds, New York Times gets caught up in billionaires' bitter feud, feuding with Canadian fashion tycoon Peter Nygard, only to have it wash up in Bacon’s own backyard, NYC restaurants are bracing for street chaos on Election Day, Spark Avenue! [20] Bacon also served as a fundraiser for Mitt Romney. Midtown stretch gets a boost, Walmart’s best early Black Friday deals to shop right now, Thanksgiving meal kits and delivery services for an easy holiday feast, Save over 15% on this 15-piece cutlery set from Cuisinart, 36 luxury gifts for men worth splurging on this Christmas, The best holiday gifts for the foodies in your life this Christmas, Lori Loughlin is a 'wreck' while serving time in California prison, Police, protesters clash in NYC as demonstration turns chaotic. Bacon followed up with a defamation suit accusing Nygard of masterminding a “malicious” smear campaign that linked him to the Ku Klux Klan. [18][19], Bacon contributed £500,000 to Britain's Conservative Party between 2010 and 2016. Election results map: All eyes on Georgia, Arizona, Nevada and Pennsylvania, Woman busts her cheating boyfriend after spotting clue in his selfie, College student with COVID-19 found dead in dorm room while quarantining, Kourtney Kardashian peddles COVID-19 mask conspiracy.

[21] In 2015, Bacon donated $1 million to a Super PAC supporting the presidential candidacy of Jeb Bush. They thought to have him suffer the legal consequences, but were removed from office in the General Election of 2007 that took place a few months after the illegal works were brought to their attention. by Melanie Grace West", "AMERICA'S GREAT OUTDOORS: Salazar, Ashe Announce Historic Conservation Easement in Sangre de Cristo Mountains", "90,000 Colorado acres offered for national protected area", "GARDEN NOTEBOOK;Paradise Returns (With Heliport)", "Cohen, Simons, 12 Others Enter Hedge Fund Hall", "Louis Bacon Receives Audubon Medal for Conservation, Environmental Work", "TRCP TO CELEBRATE THREE EXTRAORDINARY CHAMPIONS OF HABITAT CONSERVATION", "Hedge Fund Giant Louis Bacon's Bold Mission To Save The American West," Forbes, How a Neighbors’ Feud in Paradise Launched an International Rape Case, https://en.wikipedia.org/w/index.php?title=Louis_Bacon&oldid=985934808, Episcopal High School (Alexandria, Virginia) alumni, Businesspeople from Raleigh, North Carolina, Wikipedia indefinitely move-protected pages, Articles to be expanded from September 2020, Creative Commons Attribution-ShareAlike License. Thanks for contacting us. He was given a job clerking at the specialist firm Walter N. Frank & Co during the summers of his college years. We've received your submission. [24] Bacon has donated more than one million dollars to the environmental non-profit organization Riverkeeper. Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400 as of February 2017. [8] In 2010, the Denver Post reported that his $1.6 billion ranked him as the 238th richest American. “This privatization of MCM’s macro funds will allow me more personal time for a large family, philanthropic pursuits and to continue to develop a number of sports-oriented properties — all with the flexibility to ‘stay in the picture’ or not,” he said. [17], In May 2011, the High Court in London granted Bacon a court order to obtain information from the Wikimedia Foundation, The Denver Post, and WordPress as to the identities of internet users alleged to have defamed him. His best friend is his brother Zack III, who works at Louis’ company, Moore Capital Management -- Moore was the maiden name of Louis’ mother who died in 1983. 2:56. [10], In early 2019, it was reported that Peter Nygård had filed a complaint with the U.S. Federal Court in Manhattan alleging that Bacon had violated sections of the Racketeer Influenced and Corrupt Organizations Act. [25][26], In June 2012, United States Secretary of Interior Ken Salazar and United States Fish and Wildlife Service Director Daniel M. Ashe announced Bacon intends to donate a conservation easement totaling approximately 90,000 acres in the Sangre de Cristo Mountains bordering the San Luis Valley in Colorado. Louis Bacon's Moore Capital to Return Client Capital From Three Funds - Duration: 2:56. Nygard, who was sentenced in absentia, also faces a penalty of $5,000 for each day he fails to comply with the court’s order, despite claiming he’s too ill to travel. [32], He is the 2013 recipient of the Audubon Medal, given in recognition of outstanding achievement in the field of conservation and environmental protection. [33] In 2016, Bacon received a Theodore Roosevelt Conservation Partnership's Lifetime Conservation Achievement Award for authorizing conservation easements on more than 210,600 acres in the US. His father, Zachary Bacon Jr., founded real estate company Bacon & Co. and later led Prudential Financial’s and Merrill Lynch’s real estate efforts in North Carolina. That beef quickly spiraled into a legal free-for-all, with both deep-pocketed antagonists keeping good-sized law practices and p.r. [3][5][7], In 1987 Bacon founded Remington Trading Partners and his market insights allowed him to profit during the market crash and subsequent rebound. [9] In March 2010 Forbes Magazine estimated Bacon's net worth to be $1.5 billion and the 655th richest person in the world.