David Koch obituary

US businessman, free marketeer and rightwing activist David Koch, who has died aged 79, was ranked as the eleventh richest person in the world. Charles wanted to minimise the role of government and maximise the role of the private economy … and personal freedoms, but the brothers philosophy was self-serving, protecting their worth and working against regulation of their business interests. David was the more public of the two, his philanthropy extending beyond the brothers massive spending on rightwing thinktanks, academic programmes, activist organisations and campaign funding; he was a major donor to the arts and medicine, especially in New York, where he maintained homes in Manhattan and the Hamptons. He moved between them, Aspen (Colorado), Palm Beach (Florida) and …

In the retail crisis, the shutters are coming down even in New York

Visitors to Manhattan are finding that several retail landmarks are fading fast There is a lot to do in Manhattan but shopping? Maybe not so much these days. Once one of the hottest markets on the planet, New Yorks retail sector is suffering. Surveying the empty storefronts on Fifth Avenue, holidaymaker Gill Stewart, from Stokesley in Yorkshire, said she was surprised by the number of vacancies. Weve come across a few places that are empty or under refurbishment, certainly many more than we expected, she said. As the family wondered which direction to go in, Stewart noted that her teenage children, Nathan and Eleanor, werent even clamouring to visit the shops. Her daughter confirmed that the focus of their New …

When Epstein Was Cosmos Bachelor of the Month

Long before Jeffrey Epstein boasted of his billionaires-only client listDonald Trump, Prince Andrew, and amassing a collection of posh homes in Palm Beach, New York, Paris, and the U.S. Virgin Islands. The personals ad, which included a photo of Epstein in a suit, portrayed him as a New York dynamo seeking a cute Texas girl. Financial strategist Jeffrey Epstein, 27, talks only to people who make over a million a year! the listing declared. If youre a cute Texas girl, write this New York dynamo at 55 Water St., 49th floor, N.Y.C. 10041. Its unclear if anyone met Epstein through the Cosmopolitan writeup. Media representatives for the magazine didnt return messages left by The Daily Beast. One month after Epsteins …

Former IRS Agent: Heres How Id Investigate Jeffrey Epsteins Finances

Financier Jeffrey Epstein is an new SDNY investigation will hopefully cure the bogus plea deal Epstein received in Florida at the direction of then-U.S. Attorney Alex Acosta, who is report even suggested that Epstein might have belonged to intelligence. Well, even spies are required to pay their taxes. The piles of cash" and dozens of diamonds found in his safe by FBI agents during a raid on his $77 million Upper East Side mansion. Nor was much explanation provided for protection against hijacking. The Daily Beast has previously invested $1 million in an Israeli tech start-up originally called Reporty Homeland Security Ltd. but now called Carbyne Ltd. Former Israeli Prime Minister Ehud Barak is the chairman of Carbyne Ltd., which …

Where Are Jeffrey Epsteins Alleged Accomplices Now?

For decades, 14-page indictment filed in Manhattan federal court on Monday, the 66-year-old hedge-fund manager/convicted sex offender worked and conspired with others, including employees and associates to run a sex-trafficking enterprise between 2002 and 2005, preying on dozens of girls as young as 14 at his mansions in New York and Palm Beach, Florida. During each encounter listed in the indictmentwhich charges Epstein with one count of sex trafficking and one count of sex-trafficking conspiracygirls were taken to a room to perform massages nude or partially nude before Epstein would escalate the encounter to include one or more sex acts. Epstein typically would also masturbate during these sexualized encounters, ask victims to touch him while he masturbated, and touch victims …

With a portfolio including Acorns, Sweetgreen and Ro Health, Torch Capital raises $60M for its first fund

Jonathan Keidan, the founder of Torch Capital, had already built a portfolio that included Acorns, Compass, Digital Ocean and Sweetgreen, before he raised single dollar for his inaugural venture capital fund, which just closed with $60 million. Keidan, a consummate networker who began his professional career as a manager working with acts like The Nappy Roots, The Getaway People and a young John Legend, just managed to be in the right place at the right time, he says (thanks, in part, to his gift for gab). The final close for Torch Capital’s first fund is just the beginning for Torch, which is angling to be one of the premiere firms for early stage consumer internet and consumer facing enterprise software. …

Fitness startup Mirror nears $300M valuation with fresh funding

Today, Peloton is a bonafide success. The company, which sells $2,245 internet-connected exercise bikes, boasts a $4 billion valuation and a cult following. That hasn’t always been the case. For years, Peloton battled for venture capital investment and struggled to attract buyers. Now that it’s proven the market for tech-enabled home exercise equipment and affiliated subscription products, a whole bunch of startups are chasing down the same customer segment. Mirror, a New York-based company that sells $1,495 full-length mirrors that double as interactive home gyms, is closing in a round of funding expected to reach $36 million, sources and Delaware stock filings confirm, at a valuation just under $300 million. It’s unclear who has signed on to lead the round; …