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On March 24, 2023, CFP Board Counsel filed a Motion for Interim Suspension Order (Motion) pursuant to Article 2.1.a.1. of CFP Board’s Procedural Rulesrequesting that a Hearing Panel of CFP Board’s Disciplinary and Ethics Commission (DEC) issue an Interim Suspension Order against Mr. Gilder, who was charged with Wire Fraud and Conspiracy to Commit Wire […]
Charles Briscoe, an NBA Agent previously involved with multiple NBA players, was arrested on felony charges in Katy, Texas, on Thursday morning. The charges arise from an alleged fraud scheme targeting professional basketball players, particularly focusing on their financial vulnerabilities, which can often be exploited by unscrupulous agents and advisors. Briscoe reportedly misled one player […]
Blackstone Inc recently announced it has blocked investors from cashing out their investments in its $71 billion real estate income trust (BREIT) as the firm struggles with a surge in redemption requests. This decision to restrict withdrawals is significant, particularly considering the current economic climate and the pressures on real estate investments. In February, BREIT […]
This morning, Bloomberg reported that Wall Street’s largest commercial real estate landlord, private equity giant Blackstone, has defaulted on a $562 million bond. This bond was backed by a portfolio of offices and stores owned by Sponda Oy, a Finnish landlord acquired by Blackstone in 2018. This default is a significant event in the financial […]
Blackstone’s retail real estate fund limited investor withdrawals in January after outsize redemption requests that totaled more than $5 billion. Blackstone Real Estate Income Trust, known as BREIT, posted a statement Wednesday on its website that it filled 25% of investor withdrawal requests during January, in keeping with a policy of limiting monthly redemptions to […]