1/9 🪙Virage Capital🪙
~Did you know?
~Virage poured ~$65M into the failed firm Giuliani hired for Ukraine run by his pal John Pierce?
~Virage funded Tom Girardi, being looked at by USAO?
~Virage funded Tim Howard charged w/ fraud by SEC?
~Virage has a location in the Caymans?
2/9 ~ Did you know?
~Virage's founder, Ed Ondarza, was a VP at Enron?
~Virage's lead lawyer, Burke McDavid, did extensive investment related work in Russia?
~Virage made a $21M loan commitment to Pierce's firm a week after Rudy Giuliani was a client?
3/9 ~ Did you know?
~ Pierce Bainbridge basically imploded five months later? From ~70 lawyers to almost none?
~ That PB's debt was reported to be ~$65 million?
~ That Virage gave PB money to pursue litigation, but PB only won one trial in 4 years with a net verdict of $500K?
4/9 ~ Did you know?
~ That PB also represented Carter Page, George Papadopoulos, Tulsi Gabbard and Russian Oligarch Sergey Grishin?
~ That Giuliani was not the only one to tweet about the unsuccessful Pierce Bainbridge law firm?
5/9 ~Did you know
~That ex-PB partner Denver Edwards, now w/ Bradford Edwards & Varlack, lied under oath for PB related to allegations he said "if true, would amount to criminal activity"?
~And the same Denver had called out then-candidate for @NewYorkStateAG Letitia James?
6/9 Did you know?
~Virage poured ~$65M in capital into PB even though the firm kept having cases thrown out?
~Firm boss Pierce had tax liens over $1M?
~PB's prior funder declared a $9.1M default?
~6 senior partners quit PB in the months b4 the post-Giuliani $21M loan commitment?
7/9 Did you know?
~ Virage said in June 2020 the Pierce Bainbridge "defaulted on the debt."
~ Yet, Virage has not sued PB or any of its partners.
~ But Virage funded spin-off PB firm Hecht Partners.
~ That ex-PB partner & HP founder has honesty issues? https://sunlight-reports.com/accusations-of-lies/
8/9 Did you know?
~ That Virage sells hundreds of millions in securities to undisclosed investors. For example, a Feb 2021 sale of $115,500,000 to 3 undisclosed investors is here: https://sec.report/Document/0001315863-21-000200/
~ And more massive sales, per SEC filings, are at the pic. . .
9/9 Did you know?
~ Pierce Bainbridge founder John Pierce is the glue? That JP is @Harvard_Law grad? That JP's called out the @FBI, @CIA and @USAttorneys? And that JP has serious issues? Yet, was backed heavy by Virage.
Who is John Pierce? By @sulkess.
10/10 (Update) ~ Did you know?
~ In January 2021, Virage Capital said in a court filing that Pierce Bainbridge owes "not less than $59 million."
~ Link - https://www.keepandshare.com/doc25/111363/virage-cross-petition-loan-broker-case-pdf-439k?da=y
~ This is related to the loan brokers case where PB recently suffered a $3.5 million default judgment.
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