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Tribune chronicles an offshore Pritzker company

Wednesday, Mar 14, 2018

* The JB Pritzker campaign on January 26th

“JB Pritzker has never taken a disbursement from an overseas trust, and has directed that all disbursements from those trusts go to charity.”

* Today’s Tribune

A Chicago Tribune investigation found several offshore shell companies created between 2008 and 2011 — long after Abram “A. N.” Pritzker’s 1986 death — that are either wholly owned by J.B. Pritzker, his brother and business partner Anthony Pritzker, or list other close associates as controlling executives. […]

One of Pritzker’s offshore companies, Moreau Capital Holdings Ltd., is part of a venture that plans to buy city-owned land along the Chicago River to launch duck boat tours downtown. Pritzker is the sole owner of Moreau Capital Holdings, which was created in Nassau, Bahamas, in January 2011, according to records. […]

In late 2016, Seadog Ventures Inc. entered into an agreement with the city of Chicago to buy a vacant lot along the Chicago River near the Cermak Road bridge. Seadog, a tour boat company, is a subsidiary of Entertainment Cruises Holdings LLC, which is owned by J.B. and Anthony Pritzker. […]

The filing shows that the Pritzker brothers hold nearly 19 percent of the company in two corporations with addresses in the Bahamas — Moreau Capital Holdings Ltd. and Aman 2 Capital Holdings Ltd.

J.B. Pritzker owns all of the stock in Moreau Capital Holdings, according to the city filing. His brother owns all of the stock of Aman 2 Capital Holdings. […]

In all, 11 of the 18 companies on the list sent to the Bahamian registrar — including Moreau, Aman 1 and Aman 2 — share names similar to Pritzker family trusts that hold Hyatt Hotels Corp. stock, according to filings with the U.S. Securities and Exchange Commission… It is unclear why shell companies were created with similar names to the offshore Pritzker trusts that held Hyatt stock.

* Background from a BGA report

J.B. Pritzker’s philanthropy is largely derived from assets long protected from taxation in two of those offshore accounts, the Moreau Trust and the Cheyenne Trust. Since 2006, those trusts, which while registered in the Bahamas also have mailing addresses in South Dakota, transferred $97 million in cash to his Pritzker Family Foundation, records show.

Moreau Trust and Moreau Capital Holdings Ltd. (which partly owns that duckboat thingy) are different and it’s not clear how money flows between them.

* So, I asked the campaign a simple question: Do all the disbursements from this particular offshore entity go to charity? The answer from his spokesperson Galia Slayen…

Throughout this campaign, JB has been transparent about his finances and today’s article only confirms what he has always said. First, generations ago there were trusts set up offshore by JB’s family and JB does not manage or oversee them. Second, as the Tribune details, any distributions made from those trusts are directed to charity and JB has never received a personal disbursement from any trust located offshore. Finally, JB’s statement of economic interest lists assets held not only by JB personally, but also trusts and the Pritzker Family Foundation.

Thanks for clearing that up! /s

* Gov. Rauner’s campaign…

“JB Pritzker wants to raise taxes on hardworking Illinois families but will dodge taxes himself. The Chicago Tribune’s report shows that JB Pritzker cannot be trusted. He will game the system for his own benefit and leave hardworking Illinoisans footing the bill.” - Governor Bruce Rauner

* Sen. Daniel Biss’ campaign…

“Today’s report proves that JB Pritzker is disqualified to serve as governor,” said Daniel Biss. “After years of scamming the system out of much needed revenue and repeatedly lying to the voters of Illinois, it’s clear now why JB Pritzker refused to release his full tax returns. This greedy and repeated manipulation shows that JB believes he’s accountable to no one, including the voters of Illinois. These repeated lies means he lacks the credibility to govern.

“These revelations also include Chris Kennedy’s ownership of offshore funds, and raises serious doubt about his own financial holdings. At a minimum, Chris must immediately release his full tax returns to prove to Illinois votes he isn’t also avoiding paying his fair share in taxes.

“While Illinois families have been nickeled and dimed, JB Pritzker has been lying and cheating. He is choosing to play the same billionaire games as Donald Trump and Bruce Rauner, which allows him to live under a different set of rules than the rest of us. Illinois can’t afford another billionaire businessman who’s scammed the system for his benefit, and who doesn’t respect voters enough to be honest with them. The Democratic Party must set an example about the need for full transparency to restore trust in our government.”

* Chris Kennedy…

JB Pritzker thinks the rules don’t apply to him because he is a billionaire. He rigs the property tax system for his own benefit. He tries to engage in pay to play politics with corrupt former Governor Rod Blagojevich while insulting African American leaders. And now, we find out he lied to the voters about moving his billions offshore to dodge taxes. He has proven himself to be a serial tax cheat.

JB Pritzker’s true character has been on full display in this campaign. His character is one of lying, cheating and using his money to try to buy an election. The voters of Illinois won’t stand for it next Tuesday.

His campaign refused to answer questions about this latest revelation. JB ran away from reporters asking legitimate questions about his finances. Tonight at our final debate, he needs to give voters a full explanation on why he lied to them last December about setting up offshore accounts to avoid paying taxes on his billions of dollars that he is now using to try to buy their votes.

* Pritzker campaign…

Chris Kennedy touts his experience on corporate boards, but a closer look reveals his “experience” actually entails cashing in while hiking executive pay at a company that sent jobs overseas.

In September, Kennedy sold nearly 30,000 shares of Interface stock the same day he contributed $250,000 to his campaign. While Kennedy received over $1.18 million from his time on Interface’s board, he repeatedly voted to hike executive pay while the company laid off workers, shuttered plants, and sent jobs overseas. Kennedy also served on the board of a second company, Knoll Inc., where he voted to hike executive pay despite the objections of shareholders.

“While he touts his experience on corporate boards, Chris Kennedy cashed in after hiking executive pay for a company that shuttered plants and sent jobs overseas,” said Pritzker campaign spokeswoman Jordan Abudayyeh. “From the University of Illinois to for-profit businesses, Kennedy has put compensation for top executives and his own bottom line above students and working families.”

- Posted by Rich Miller        

52 Comments
  1. - Almost the Weekend - Wednesday, Mar 14, 18 @ 10:42 am:

    I really don’t think the Pritzker team is ready for Rauner’s campaign. As bad as he and his team is at running the state, he has an excellent political team. It is still shocking to me the free pass JB essentially had in the Democratic Primary.

    On March 21st I hope they are ready because then it’s the big leagues.


  2. - Annonin' - Wednesday, Mar 14, 18 @ 10:43 am:

    Article seems to confirm JB view that offshore $ goes to charity. It also seems like Tribbies slip that they ran GovJunk investments through the Paradise Papers search engine and found nothing. Good work if that is what the Tribbies did.


  3. - Seats - Wednesday, Mar 14, 18 @ 10:45 am:

    Going to make for a rough debate tonight for JB with only the tip 3 candidates there fielding questions. The student walkout today should distract from being the top news story though.


  4. - PJ - Wednesday, Mar 14, 18 @ 10:46 am:

    Remember when Pritzker and Kennedy were going to release their full tax returns months ago?

    Maybe they can’t because they’re under audit.


  5. - 47th Ward - Wednesday, Mar 14, 18 @ 10:47 am:

    ===Today’s report proves that JB Pritzker is disqualified to serve as governor,===

    Lol, did Biss manage to read the whole Tribune story? As ominous as they made it sound, the best “negative” adjective the Tribune used was “secret.” Not illegal. Not scamming. Not unethical. Secret. Pritzker has disclosed everything he is required to disclose. If Biss doesn’t like it, maybe he should draft a bill to change the disclosure laws.

    THe Tribune did a deep dive into this and came up with “secret.” I’d argue that it’s less secret today, but the sunshine didn’t tell us anything we didn’t already know: Pritzker is wealthy and billionaires have complicated financial structures. It’s not like you keep all of that dough in a passbook savings account down and the local credit union.


  6. - Pot calling kettle - Wednesday, Mar 14, 18 @ 10:48 am:

    “JB Pritzker wants to raise taxes on hardworking Illinois families but will dodge taxes himself. The Chicago Tribune’s report shows that JB Pritzker cannot be trusted. He will game the system for his own benefit and leave hardworking Illinoisans footing the bill.” - Governor Bruce Rauner

    LOL

    Seriously? From Bruce Rauner, this rings pretty hollow. Whenever he criticizes Pritzger on this type of thing, I’m reminded of the old schoolyard chant: “I’m rubber, you’re glue…” Rauner is better off staying away from this line of attack.


  7. - Oswego Willy - Wednesday, Mar 14, 18 @ 10:51 am:

    ===I really don’t think the Pritzker team is ready for Rauner’s campaign.===

    They are talented enough, and they are especially good at “planned” rollouts and scheduled hit pieces and rote responses.

    They have really been awful at two things;

    1) Knowing their own oppo backwards and forwards.

    2) knowing how to respond timely and effectively against their oppo.

    If those are the measures, they either better learn to be far better, or expect Rauner to own the daily news cycles, while leading in the polls as Rauner is so under water as the incumbent.

    Why they let themselves get so badly under water… it’s bizarre.

    I can’t comprehend when Rauner gave the game plan, they allowed Rauner’s Crew to dictate to them what the narratives are, when Skyhook against an incumbent governor is about no quarter no rest for a governor and his/her failed record.m

    It’s just bizarre.


  8. - hisgirlfriday - Wednesday, Mar 14, 18 @ 10:52 am:

    This would probably be a lot worse for Pritzker in the general if he wasnt running against a dude with 8 houses.

    In other news, I love duck boat tours and I am psyched if they are coming to Chicago. Had not previously heard about this venture


  9. - duck duck - Wednesday, Mar 14, 18 @ 10:53 am:

    Wow! This is huge! I love duck boats! JB has my vote!


  10. - WizzardOfOzzie - Wednesday, Mar 14, 18 @ 10:55 am:

    47th-

    You’re missing the entire point. Yes it tells us something new. JB said the only off shore accounts he benefits from were created by his grandfather, when he’s made it a practice of creating themselves to avoid paying US taxes. You must have put on your rose tinted glasses when reading the story.

    JB has lied about off shoring. He’s talking about making the wealthy pair their fair share… while he’s not willing to pay his. This is a devastating hit.

    Again, JB is an awful candidate. One thing after another for Rauner to attack JB on. Vote for him at your peril.


  11. - Anon221 - Wednesday, Mar 14, 18 @ 10:56 am:

    From today’s Trib article:

    Asked in December about his current holdings in offshore investments, Rauner dismissed the question as “spin.”

    “I have investments that I do not control, for example investments in banks and insurance companies, et cetera. They manage some money,” Rauner said. “And what’s got reported, which is true, some of them, for their accounts, where I’m a tiny piece, I have no voice, I have no control of the decision-making, they have an investment in some operation in the Bahamas or somewhere. Tiny for me, tiny for them.”

    Earlier in the same article, Andrew Stoltmann stated…

    “We should know more about his (Prtizker’s) finances. But my guess is that (Republican Bruce) Rauner’s probably not any more forthcoming.”

    “Moral” of the article- Tiny Rauner’s finances are only spin and he’s not in charge anyway, so let’s not delve too deeply there.


  12. - WizzardOfOzzie - Wednesday, Mar 14, 18 @ 10:57 am:

    (created them himself)

    Typing while upset.


  13. - Anon0091 - Wednesday, Mar 14, 18 @ 10:59 am:

    “JB said the only off shore accounts he benefits from were created by his grandfather”

    No, he said the only offshore trusts were created by his grandfather. This story confuses offshore trusts and offshore accounts. Not remotely the same thing.


  14. - Oswego Willy - Wednesday, Mar 14, 18 @ 11:00 am:

    (Sigh)

    “Bruce Rauner’s continued business dealings while governor, including a meeting on the porch of the Executive Mansion is a reminder that Rauner’s promise of a blind trust as governor is Bruce Rauner’s broken trust with the people of Illinois. If Bruce Rauber would like to discuss trusts, blind or otherwise, the discussion should begin with Rauner’s broken trust while he’s been governor.”


  15. - 47th Ward - Wednesday, Mar 14, 18 @ 11:01 am:

    ===You must have put on your rose tinted glasses when reading the story===

    At least I read the story, and it contradicts what you want to believe it says.


  16. - Anon0091 - Wednesday, Mar 14, 18 @ 11:01 am:

    “when he’s made it a practice of creating themselves to avoid paying US taxes.”

    Where does it say that in the story. It doesn’t. In fact it explicitly states that these accounts do not affect tax liability. Cmon man, read a little closer.


  17. - DuPage Saint - Wednesday, Mar 14, 18 @ 11:04 am:

    What charities got the money and how much?
    JB says he never got money from off shore trusts. JB set up trusts in South Dakota. Maybe off shore money went from off shore to South Dakota to JB then he technically did not get money from off shore. If you can yank a toilet to save money you can finagle in other matters and still tell a technical truth


  18. - Ole General - Wednesday, Mar 14, 18 @ 11:04 am:

    I just entered the Spin Zone.

    Need some medical herb after reading this, especially from the Ward.


  19. - My thoughts - Wednesday, Mar 14, 18 @ 11:07 am:

    Pritzker is hitting Kennedy with jobs being sent overseas? Did Pritzker forget that his Pritzker Group owns manufacturing plants in places such as Suzhou China, Bajio Mexico, Juarez Mexico, Reynosa Mexico, and Mexicali Mexico?


  20. - Mike Cirrincione - Wednesday, Mar 14, 18 @ 11:07 am:

    Funny coming from the failed Illinois Governor who is doing the same thing.

    Pot meet kettle.


  21. - My thoughts - Wednesday, Mar 14, 18 @ 11:09 am:

    Did Pritzker forget the Pritzker Group owns/operates manufacturing plants in such places as Suzhou China, Bajio Mexico, Reynosa Mexico, Juarez Mexico, and Mexicali Mexico.


  22. - Been There - Wednesday, Mar 14, 18 @ 11:09 am:

    ======Today’s report proves that JB Pritzker is disqualified to serve as governor,===

    Lol, did Biss manage to read the whole Tribune story? As ominous as they made it sound, the best “negative” adjective the Tribune used was “secret.” Not illegal. Not scamming. Not unethical====
    Actually the one thing that jumped out to me as disqualifying is the fact that he owns the Seadog boat on Lake Michigan. Big loud obnoxious tourist boat that any self respecting sailor should be embarassed to own. If he can’t understand that, then how can we expect him navigate our state.


  23. - WizzardOfOzzie - Wednesday, Mar 14, 18 @ 11:10 am:

    Anon0091-

    That’s your defense, the difference between offshore trusts and offshore accounts?

    From an expert, “U.S. citizens are subject to U.S. taxes on any income they claim, regardless of where they make the money, Herzig said. He added that it would be difficult to assess the purpose of Pritzker’s — as well as the Pritzker Group’s — offshore activity without seeing his complete tax returns.

    You can’t possibly say that without releasing JB’s tax returns. Your spin is incredibly weak.


  24. - Fax Machine - Wednesday, Mar 14, 18 @ 11:11 am:

    This is why extra long early voting is insane - stories come out after people have already voted.

    Early voting should be limited to the Friday-Monday before the election.


  25. - Amalia - Wednesday, Mar 14, 18 @ 11:13 am:

    LOL from the Pritzker campaign. His “experience” is largely donating sums of money and taking the credit for the work of others. and then shoving some out of the way.


  26. - TaylorvilleTornado - Wednesday, Mar 14, 18 @ 11:14 am:

    The fact that Kennedy and Rauner are pearl clutching over this is just precious.


  27. - Montrose - Wednesday, Mar 14, 18 @ 11:21 am:

    “This is why extra long early voting is insane - stories come out after people have already voted.

    Early voting should be limited to the Friday-Monday before the election.”

    Eh. We are always working with the news that’s available when we have to make a decision. The tribbies could have run this article a few weeks ago. They didn’t. Early voting gets more people involved in the process. That trumps when new information might pop up.

    To the post: I don’t think this story really gives Pritzker’s opponents much more to work with. They have had the ominous sounding “off shore accounts” sound bite for awhile. And as hisgirlfriday said, its hard for Rauner to take the pot-calling-kettle-black attack ad approach. (not to say he won’t dress in up in a Carhart and try.)


  28. - Juice - Wednesday, Mar 14, 18 @ 11:24 am:

    Anon0091, “This story confuses offshore trusts and offshore accounts. Not remotely the same thing.”

    With respect, while the article does blur those lines, it also says this.

    “Foreign companies of the sort tied to Pritzker are an even more secretive option than the trusts his family has used for decades, said Reuven Avi-Yonah, director of the International Tax LLM program at the University of Michigan Law School.

    “The big difference between a trust and foreign company is, with a trust you’re supposed to be able to trace who the beneficiaries of the trust are in a way that in a company you can’t do,” Avi-Yonah said. “A trust generally does not give you liability or tax protection in the U.S. Once you have a separate foreign company, it’s more difficult to know what you’ve done.””


  29. - LakeviewJ - Wednesday, Mar 14, 18 @ 11:25 am:

    The carefully-worded response about distributions that’s been consistently used by the Pritzker campaign takes on a new light when you read the 2003 Forbes story on the Pritzker family’s wealth. From that piece:

    “These [trusts] produce an estimated $90 million in income each year–but the beneficiaries pay no tax unless there’s a distribution. Much of that income is loaned to other Pritzker entities or reinvested; very little, if any, is paid out.”

    The point of the trusts is not for the personal enrichment of individual family members. They’re vehicles to keep money moving to 1) make more money and 2) shift and defer tax liability. And contrary to Pritzker’s statements, he appears to actively employ that strategy.

    Simple questions for Pritzker- where did Moreau Capital Holdings get it’s resources? What, if any, relationship does it have to Moreau Trust?


  30. - Anonymous - Wednesday, Mar 14, 18 @ 11:29 am:

    Where does Pritzker’s campaign money come from then if not from the offshore accounts???


  31. - Anon0091 - Wednesday, Mar 14, 18 @ 11:30 am:

    “His “experience” is largely donating sums of money and taking the credit for the work of others. and then shoving some out of the way.”

    That’s just false. Building 1871 and the Holocaust Museum didn’t happen simply by writing a check. In fact the Sun-Times laid this out perfectly:

    “It is also reflective of what seems to be Pritzker’s philosophy for trying to make a difference in this world: work it from the bottom up.

    That’s the common thread — start at the beginning — running through Pritzker’s many years of public service, whether he was supporting new technology, working to expand childcare services and early-childhood education, or simply trying to provide every child with a good school breakfast.

    Pritzker saw the promise and nurtured it.

    Illinois could stand more of his positive and inclusive approach to leadership, as well as his ability — as witnessed in this campaign — to build broad coalitions.”


  32. - Juice - Wednesday, Mar 14, 18 @ 11:30 am:

    To piggy-back on LakeviewJ’s point, and given the context, the Pritzker campaign’s response seems to be too cute by half.

    “JB has never received a personal disbursement from any trust located offshore.” What is not clear from that response is whether the distributions from the trust then go to other entities or holdings under his control that then benefit Pritzker personally.


  33. - A guy - Wednesday, Mar 14, 18 @ 11:32 am:

    ==They have really been awful at two things;

    1) Knowing their own oppo backwards and forwards.

    2) knowing how to respond timely and effectively against their oppo.==

    Agreed Willy. If they don’t know where the muzzle fire is coming from, they’re at a considerable disadvantage. Much of this stuff was predictable, but not all of it.

    I don’t agree that his team is really on par with some other campaigns, but they’ve had a considerable challenge with the “you don’t know what you don’t know” factor. And their candidate should have known a lot of this. I don’t think any campaign can react fast enough or plan for every crazy eventuality in a case like this.


  34. - wordslinger - Wednesday, Mar 14, 18 @ 11:33 am:

    Legendary, but probably fictional, conversation between F. Scott Fitzgerald and Ernest Hemingway.

    Fitzgerald: “The rich are different from you and me.”

    Hemingway: “Yes. They have more money.”


  35. - wordslinger - Wednesday, Mar 14, 18 @ 11:39 am:

    –In late 2016, Seadog Ventures Inc. entered into an agreement with the city of Chicago to buy a vacant lot along the Chicago River near the Cermak Road bridge. Seadog, a tour boat company, is a subsidiary of Entertainment Cruises Holdings LLC, which is owned by J.B. and Anthony Pritzker. –

    What’s next? Dark money LLCs in Cyprus and Panama to open a Dave and Busters in Schaumburg?

    Geez, what a waste of time, with your inherited billions.

    Pirate King. Island-fortress in the Gulf of Thailand. That’s what you do with inherited billions.


  36. - Molly Maguire - Wednesday, Mar 14, 18 @ 11:43 am:

    Everyone calling everyone else liars and cheaters, even people I support. I know this is how it is now, but I don’t have to like it. And ultimately I think it loses its value because everyone does it.


  37. - Amalia - Wednesday, Mar 14, 18 @ 11:47 am:

    Pritzker claiming he’s done lots of work on food issues was just another way of trying to blunt what Kennedy has actually worked on deeply, helping poor people to eat. If we calculated the work time for all the efforts Pritzker claims to have accomplished we would figure out that it actually is donating not doing.


  38. - Oswego Willy - Wednesday, Mar 14, 18 @ 11:56 am:

    - A Guy -

    Sometimes my comments, while public, are intended for different audiences.

    I’ll leave it there.


  39. - Anonymous - Wednesday, Mar 14, 18 @ 12:08 pm:

    The guy with 8 houses earned the money to buy them. JB got a gazillion dollars just handed to him.

    Big difference.


  40. - A Jack - Wednesday, Mar 14, 18 @ 12:11 pm:

    Shouldn’t Ounce of Prevention, who benefited from these charitable trusts, be writing out a check to the State of Illinois?

    I would take a person (JB) who sets up companies to give more money to charity over a person (Rauner) who sets up companies to avoid abuse lawsuits.


  41. - Lil Lebowski Urban Achiever - Wednesday, Mar 14, 18 @ 12:24 pm:

    Here we are again. With a significant negative story about JB. He’s going to run and hide again behind his $63 million campaign, and Democrats are going to be left with a flawed candidate to run against Rauner.

    JB was an awful candidate when he ran for Congress, he’s an awful candidate now. And just as bad is that team seems to have no idea how to handle these hits that keep coming. Their response is that “JB has been transparent, and this story shows it…” is insane. This story shows that he lied, has gone to great lengths to avoid taxes, and utilizes offshore accounts on a regular basis (which are less transparent than actual trusts). It’s amateur hour over there.

    Beating Rauner is the single most important thing to the future of this state, and every Democrat should be concerned that JB is carrying upside down favorables, numerous negative stories (no one has even really touched the toilets yet), and an inability/unwillingness to distance himself from Mike Madigan into the general election.


  42. - 47th Ward - Wednesday, Mar 14, 18 @ 12:37 pm:

    ===Democrats are going to be left with a flawed candidate to run against Rauner.===

    Yes, yes we are. No matter who wins the nomination, we are going to be left with a flawed candidate.

    “And proud we are of all of them.”


  43. - TKMH - Wednesday, Mar 14, 18 @ 12:40 pm:

    ==Again, JB is an awful candidate. One thing after another for Rauner to attack JB on. Vote for him at your peril.==

    I voted for him this past weekend. I don’t regret it. I voted fully incorporating the knowledge that your typical billionaire would probably have some offshore accounts in the Bahamas and the Caymans. It doesn’t change the fact that he’s better on the issues and/or temperament than the alternatives.

    Oh, and one more interesting thing: there is an anonymous Twitter/blog called “JB Pritzker, Tax Trickster.” I remember that it tweeted incessantly at both Rich and John Kass when it was first created. It promised something like 9 campaign-ending stories about JB, including some allegedly reaallllyy nasty stuff. I’m thinking about it because that blog specifically mentioned this duck boats thing in its introduction, as well as the fact that it was coordinating with the major Chicago newspapers.

    If this is the most incriminating thing that they can leak, it’s weak tea. A candidate has an offshore account that bought a company? This is disqualifying?


  44. - Hiawatha - Wednesday, Mar 14, 18 @ 1:43 pm:

    JB is not a foregone conclusion. Voting for him only because he has money to stand up to Rauner is short-sighted. What about character? What about integrity?


  45. - A Jack - Wednesday, Mar 14, 18 @ 2:37 pm:

    A guy who sets up off-shore accounts so he can give even more money to charity instead of the government seems like a person of exceptionally good character to me.

    JB is sort like Robin Hood, taking money from Trump who wants to use it to build a wall and giving that money to charity. He could be like some rich people and buy more houses or yachts or Republicans. But instead he is giving his money to charity.


  46. - Lil Lebowski Urban Achiever - Wednesday, Mar 14, 18 @ 3:19 pm:

    A Jack- He didn’t set these up to give to charity. He set them up to avoid taxes. JB is far from Robin Hood (see Utah social impact bonds and his rate of return).


  47. - Da Big Bad Wolf - Wednesday, Mar 14, 18 @ 5:26 pm:

    Lil lebowski urban achiever, where in the story does it show Pritsker lied, or did not send distributions to charity? You might be right, further evidence might support this allegation, but I see no evidence of this.


  48. - Just Me - Wednesday, Mar 14, 18 @ 11:40 pm:

    He’s such a common man.


  49. - NorthsideNoMore - Thursday, Mar 15, 18 @ 2:06 am:

    So does he own the sea dog boat that cut a swimmer leg off in the breakwater off oak street or is that another company ? just curious.


  50. - Da Big Bad Wolf - Thursday, Mar 15, 18 @ 5:39 am:

    The accident happened in 1997. Moreau, which owned 19% of Entertainment Cruises Holding, was formed in 2008.


  51. - Da Big Bad Wolf - Thursday, Mar 15, 18 @ 6:05 am:

    The Pritzkers are a large quarrelsome family. Heck, Jennifer Pritzker is a Rainer friend and supporter. I’m sure one of the purposes of these companies within companies within companies etc.is to keep the family from each other throats and lawsuits with each other to a minimum.


  52. - A Jack - Thursday, Mar 15, 18 @ 7:09 am:

    So Lil, JB invests in risky bonds to send kids to pre-school and that is somehow bad?

    I couldn’t afford to invest in bonds like that. The risk is too great. So they have to entice investors with a high return. And no one can argue with sending at risk kids to pre-school.


Sorry, comments for this post are now closed.


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