Billionaire

Nassau Guardian: Nygard paid for ads against Louis Bacon

The saga continues in the Bahamas between billionaires Bacon and Nygard.

According to an apology published in the Nassau Guardian (pictured), Bahamas-resident Peter Nygard’s Nygard International Partnership paid for adverts to be featured in the newspaper that made unsubstantiated claims against his neighbor and fellow billionaire Louis Bacon.

This appears to be connected to recent revelations apparently evidencing Nygard’s involvement in a bizarre online harassment campaign against Bacon.

The full text reads:

We wish to apologise to Mr. Louis Bacon for certain statements contained in two (2) adverts published in our newspaper on the 29th January, 2016 and 22nd February, 2016.

The adverts in question were paid for by Nygard International Partnership and contained in “wrap arounds”. Both of the adverts could have been understood as suggesting that Mr. Bacon had spread a false story to Lyford Cay Residents that Mr. Peter Nygard was planning to build a Stem Cell Clinic at Nygard Cay in order to mislead the Court into granting injunctions against Mr. Nygard. The truth is we were not provided with any evidence to substantiate such claims against Mr. Bacon, nor are we aware of any, and it was certainly not our intention to give any such impression.

We therefore apologise to Mr. Bacon and his family for publishing the aforementioned adverts as worded. We shall exercise more care in the future.

 

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Peter Nygard fabricates news clips in ‘smoking gun’ video

The Bahamian billionaire battle continues, so let’s go to the video.

That’s the charge brought by hedge fund titan Louis Bacon in submitting his appeal to have his defamation suit against Peter Nygard tried in New York.

The “smoking-gun video,” as described by Bacon’s defense, which previously was under seal, captures fashion-mogul Nygard observing what two off-screen voices call “fabricated” news clips that cast Bacon, a hedge-fund tycoon, in a maliciously bad light.

The video shows Nygard eating and drinking on a hotel bed with a younger woman while passing judgment on the fabricated news clips. The fabricated clips can be heard but not seen on the video, which Bacon’s legal team obtained through discovery for the trial.

One of the clips includes CBS footage on the insider-trading arrest of Rajat Gupta, only it has been doctored to swap in Moore in place of Gupta.

Similarly, in an ABC report “Inside the New Ku Klux Klan,” footage of Moore has been edited into the piece immediately after correspondent Cynthia McFadden ends her lead-in with: “It may surprise you who’s among their ranks.”

“We were gonna’ go further, but we’re not sure how far to take it,” says one of the off-screen voices, believed to be his son Jessar, who’s seeking instruction from Nygard.

“That’s not far,” he responds.

But Nygard warms up to the doctored footage, calling it “good stuff” near the end of the six-minute video.

And when an off-screen voice admits, “It’s pretty dirty,” Nygard agrees: “Pretty dirty.”

The sound track for the fabricated clips is consistent with a video currently available on YouTube, entitled “Is Louis Bacon Racist?”

That video was supposedly uploaded by a Vincent Roy, but one of its creators said in a deposition that its editing was done “at Peter Nygard’s instruction.”

A spokesman for Nygard said the fashion mogul did not know he was being video taped while watching and commenting on the fabricated news clips.

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