Peter Nygard

Nygard fabricated insider trading and Ku Klux Klan allegations against Louis Bacon

Two videos allegedly fabricated to include billionaire Louis Bacon’s name in news stories dealing with insider trading and the Ku Klux Klan have been submitted to a Manhattan judge in an appeal to have a high-profile defamation case tried in New York rather than The Bahamas, according to the Tribune.

 

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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.

 

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.

Watch the Video

Allegations of Nygard ‘smear campaign’ make sense of strange reports

This week, news broke of a lawsuit filed by Bahamian resident and conservationist Louis Bacon, alleging that his neighbor Peter Nygard orchestrated a ‘smear campaign’ against him.

As reported by the New York Post:

In one instance, Bacon accuses Nygard of doctoring an October 2011 CBS News report about the arrest of Wall Street titan Rajat Gupta for insider trading. The doctored video superimposed Bacon’s name and face over Gupta’s, falsely alleging that Bacon was at the center of a “billion-dollar scam,” according to the suit.

Elsewhere, the suit cites a flurry of speculation in local Bahamian media after Bacon’s house manager, Dan Tuckfield, died in the billionaire’s pool in May 2010. While official reports cited a heart attack, Nygard used local media to spread rumors about a murder and cover-up by Bacon, the suit claims.

“Louis Bacon filed this lawsuit to hold Peter Nygard and his companies responsible for their unlawful and reprehensible smear campaign,” Bacon’s attorney, Orin Snyder, said in a statement. “We look forward to our day in court.”

The revelation of this lawsuit into the open press appears to make sense of a number of strange reports recently circulating in the Bahamian press featuring these prominent citizens.

The Bahamas Citizen, for example, recently reported that the Save The Bays environmental group, which is committed to preserve and protect the Bahamian environment, was disrupted by a “paid-for mob”.

References to this event are amongst those apparently contained in the claims.

Save The Bays environmental group disrupted by “paid-for mob”

Two directors of Save The Bays, the environmental advocacy group, have asked for police protection after a rally in support of a Freedom of Information Act was disrupted on Friday night in downtown Nassau by what they claim was “a bought and paid-for mob”.

Fred Smith and Joseph Darville said last night in a statement that they fear for their lives after allegedly being targeted by aggressive groups of young men holding menacing and defamatory banners bearing their names and faces.

The rally, in Charlotte Street, was held in conjunction with a number of community partners, including the Bahamas Chamber of Commerce. “What happened on Friday night was disgusting,” Mr Smith said. “A peaceful gathering in support of freedom of information was nearly hijacked by a bought and paid-for mob sent there to intimidate and cause trouble.”

Mr Smith claimed it was not the first time this had happened. “Considering the increasingly sinister tone of their messages, many of us are now very afraid. We call on the Commissioner of Police to intervene and protect us before someone gets hurt.”

According to Mr Darville, a group of men, on a flatbed truck blaring music, arrived carrying banners but were turned away by a senior police officer. However, they returned and the Save the Bays director confronted them.

“I pointed to my own face on their banners, and told them there is no way they could know what we stood for and be there protesting against us,” he said. “In the end, these young men admitted they had no idea what it was all about. Many of them dropped their signs, even before police again asked them to leave.”

Mr Darville said some of the men claimed to have been asked to attend the protest by individuals working for fashion designer Peter Nygard, who has a long-running dispute with his neighbour, Louis Bacon, a Save The Bays supporter for which Mr Smith is the lawyer. Some wore shirts and others waved placards bearing slogans about Mr Bacon. At one point, star Bahamian boxer Taureano Johnson appeared at the scene.

Friday night police confirmed that the men had no permit to protest.

http://tribune242.com/news/2014/dec/08/plea-police-protection-after-mob-interrupts-protes

Keod Smith: Practicing Attorney in The Bahamas since 1997

Keod McCaudif Smith, born in Nassau, Bahamas on 15th October, 1964, was called to The Bahamas Bar as a Barrister in September 1997 after having obtained his LLB Degree with Honours at University of Wales, Cardiff Law School in Wales, UK in 1994 and legal vocational training in The Bahamas during the intervening years and a well-established law firm in The Bahamas. He had previously graduated from Loras College, Dubuque Iowa USA in 1988 with a Bachelor Degree in Economics.

Keod served in various managerial positions from 1982 when he graduated from High School in The Bahamas through to his call in 1997. After serving small stint with Research Division of the Central Bank of The Bahamas, he started a trade and investment consulting firm in relation to The Bahamas which took him to Japan for 2% years commencing in March 1990. He read writes and speak Japanese.

In October 1997, Keod started the law firm of Commercial Law Advocates which, as it connotes, specializes in commercial litigation (banking, companies, contract, insurance, land, liquidation, securities, tort) as well as extradition and constitutional matters.

In May 2002, Keod was elected to The Bahamas Parliament where he served as a Member for 5 years. In August of that same year he was appointed to the Chairmanship of the Bahamas Environment Science & Technology (BES1) Commission (equivalent to the BPA in the USA) as well as Bahamas Ambassador for the Environment. He served in that post for 5 years as well.


http://www.iannuzzi.net/smith.html