Wall Street Journal:
NRA Chief Sought Help of Group’s Ad Agency in Trying to Buy $5 Million Mansion
National Rifle Association Chief Executive Wayne LaPierre was in discussions to have the group’s then-outside advertising agency help him buy a Dallas mansion last year for more than $5 million...
1. Cerberus Capital Management (CCM) funded a holding company. CCM therefore owned the stock of the HC.
2. The holding company bought Remington for $118 million.
3. CCM installed its managers in Remington.
4. Holding company then borrowed $225 million...
Fascinating stuff - but really difficult to get through.
TLDR: Cerberus Capital Management used other people's money to pay themselves about twice what they paid for Remington, and left Remington on the hook for all the loans.
I'm in the wrong business.
"As police continued their investigation of Ramos, they also noted his brother is a known gang member.
Ramos said his brother and other gang members never asked him to buy weapons for them and never asked to borrow one of his guns... "