LA28 BOARD member

KEN MOELIS

NET WORTH:

OVER $1 BILLION

RESIDENTIAL PROPERTIES:

• MALIBU MANSION ($21.5 MILLION)

• MANHATTAN PENTHOUSE ($62 MILLION)

KNOWN ASSOCIATES:

DONALD TRUMP, HARVEY WEINSTEIN, CASEY WASSERMAN, MICHAEL MILKEN

BACKGROUND:

• MOELIS GOT HIS START IN FINANCE WORKING UNDER MICHAEL MILKEN IN THE 1980S WHOSE JUNK BOND FIRM WAS ALLEGED TO HAVE LED TO DRIVING CORPORATE BANKRUPTCIES AND LAYOFFS.

• MILKEN LATER PLED GUILTY TO SECURITIES FRAUD AND CONSPIRACY, PAYING MORE THAN $1 BILLION IN FINES, RESTITUTION, AND LAWSUIT SETTLEMENTS AND SERVING 2 YEARS IN PRISON.

• MOELIS WAS DONALD TRUMP’S BANKERIN THE 1990S DURING THE “TAJ MAHAL TROUBLES”

• MOELIS’S COMPANY REPRESENTED WEINSTEIN & CO IN THE WAKE OF HARVEY WEINSTEIN’S SEXUAL ASSAULT ALLEGATIONS.

RECENT COMPANY DEALINGS:

• FOUNDER AND EXECUTIVE CHAIRMAN OF MUTI-BILLION DOLLAR INVESTMENT BANK MOELIS & COMPANY, WHICH HAS A PATTERN OF REPRESENTING UNSAVORY CLIENTS.

• MOELIS & CO WAS THE LEAD BANK REPRESENTING NETFLIX IN ITS FAILED BID TO ACQUIRE WARNER MEDIA BROS.

  • THIS MERGER WAS WIDELY CRITICIZED AS HURTING WORKERS AND CONSUMERS BY POTENTIALLY FORMING A MEDIA AND ENTERTAINMENT MONOPOLY.

• CURRENTLY ADVISING ON THE SALE OF FELLOW LA28 BOARD MEMBER CASEY WASSERMAN'S STAKE IN WASSERMAN MEDIA GROUP, WORTH APPROXIMATELY $800 MILLION.