Ah well!
The ambitious young men sat for hours at a restaurant here to map out plans for a business venture that could make them millions.
In a group that included three Jamaican entrepreneurs, one participant seemed out of place — a 27-year-old former U.S. Supreme Court law clerk of Cuban descent who was visiting from Washington.
Ted Cruz had been invited by his roommate from Princeton and Harvard Law, David Panton, who was eager for the group to win the rights to manage a new Caribbean-focused investment enterprise launched by one of the island’s most prominent executives.
The idea was modeled after U.S. private equity companies that made fortunes by using investor dollars to remake underperforming companies. The Caribbean concept came with a twist — the investor dollars would be drawn in part from governments, including from the United States, leveraging funds intended to boost the developing world.
It was an odd fit for Cruz, who as early as high school and college expressed a strong belief in limited government. But the plan held potential for big profits. And Cruz was welcomed by Panton’s fellow Jamaican partners as a skilled negotiator well suited to help hone their pitch for managing the new firm.
“A good devil’s advocate,” said Jeffrey Hall, one of the partners at the meeting.
With Cruz’s help, they won the right to control what they hoped would be a $150 million fund. The firm, founded in 1998, lost its contract within five years, in part because of a dispute over an investment decision, and was soon shuttered.
Nevertheless, it provided a tidy sum for Cruz. He initially pitched in $6,000 for start-up costs and exited the partnership shortly before it disintegrated with a payout of $25,000, plus a promise of an additional $75,000 to come later, according to Panton.
Message Board Archives
David Panton and Ted Cruz
where's Dave these days?
In reply to Chrissy
Very interesting read -------still don’t make me dislike Cruz any less……..interesting that Panton became the second Black to head the Harvard Law Review – the first being President Barack Obama
Is Panton a con man? Many commenters to the article seem to draw that conclusion.
BTW, all equity firms are in business for one thing - profit at all costs. If you're working for firm and you hear that it's now owned and operated by an equity firm, you better start planning for an uncertain future and, be on the look out for other job opportunities.
In reply to ProWI
I was just about to post the same thing – the comments are priceless – they are well worth reading ------a yaadi who married Miss Universe and then impregnate Miss world ------ give some kudus - did you ask if he is a con-man – there is u answer 
In reply to ProWI
That picture of them on the couch though ----- what you think a it?.....look kinda questionable – don’t u think?
In reply to birdseye
Questionable? You are being kind
In reply to birdseye
Adda way around - married Miss World and impregnated Miss Universe 
In reply to birdseye
Hehehehehehhe - others have asked
In reply to sudden
A was just questioning whether that picture was taken before or after
In reply to birdseye
He comes from a distinguished family and I'm talking about his mother's side. The pops was a pretentious git on steroids and he didn't fall far from di tree.
In reply to Chrissy
In reply to Chrissy
In reply to Chrissy, sudden and birdseye
I was thinking the same thing....
It looks like Panton staying in USA now, hoping that Cruz will do well, so he can benefit.
In reply to Chrissy
My wife knows his former wife Lisa Hanna and said he queer like a 3 dollar bill==So that picture on coach says it all--
In reply to buds
How about the first one? With Cruz blushing and looking as in love as a new bride
In reply to sudden
These guys trick women then cause nuff harm in relationships--
That one too says it all--lol
In reply to sudden
Blushing
Why you have to bring Gayle into this?
Search
Live Scores
- no matches