Phil Falcone mansions head to foreclosure auction amid money woes

Erwin Oropesa

Former high-flying billionaire hedge-fund manager Phil Falcone appears to be close to losing his townhouse on East 67th Street as well as his Hamptons estate.

Newmark’s Dustin Stolly and Jordan Roeschlaub of Newmark have posted an advertisement for an upcoming sale of two entities that own the properties on behalf of the lender, Melody Business Finance, listing an outstanding loan balance of $74.2 million.

While the ad doesn’t list Falcone as the owner of the troubled entities — Croxton 2 LLC and Three-Hundreth Street LLC — he and his wife, Lisa Marie Falcone, bought the East 67th Street house in their names prior to transferring it to the LLC. They are also both listed on the Melody mortgage documents as guarantors.

Interested bidders could attempt to collect the remaining $74,251,646 on the loan or simply foreclose on the two properties. The sale will take place on April 13 the marketing

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Trump funnelled money from donors into private business after election loss, report finds

Erwin Oropesa
Donald Trump waves as he boards Marine One on the South Lawn of the White House, in Washington, DC, ((Associated Press))
Donald Trump waves as he boards Marine One on the South Lawn of the White House, in Washington, DC, ((Associated Press))

Donald Trump has funnelled thousands of dollars from his donors into his private business after his loss in the 2020 presidential election.

The former president’s reelection campaign moved roughly $2.8 million from donors into the Trump Organisation over his term, including at least $81,000 since Mr Trump lost the election, according to Forbes, based on campaign finance reports submitted to the Federal Election Commission. .

One of his campaign’s joint-fundraising groups working with the Republican Party also moved another $4.3 million from donors into the former president’s business over the course of his time in office, including $331,000 after Election Day.

A week after news media outlets called the results of the election for Joe Biden, a joint-fundraising committee paid his hotels nearly $300,000 for room

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The woman who wants to make kids better with money

Erwin Oropesa

The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Louise Hill, founder of GoHenry, a banking business that provides debit cards for children.

Standing on the touchline as her son played football, Louise Hill started moaning about how her kids’ spending habits were spiralling out of control.

At the time her son was eight and her daughter was 11. Louise was so frustrated by how much they were buying online that she would pin Apple invoices to the fridge door to help her kids understand why their £4 a week pocket money was now just 50p.

The two other parents she was chatting to back in 2009 had similar stories, so the conversation really struck a chord. And inspired the beginning of a business.

“One of the dads started talking about how his son had bought something on eBay, the

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