In 2011, Endurance was bought from Accel-KKR by Warburg Pincus and GS Capital Partners, for around $975 million.[3] In September 2013, the company announced plans to raise $400 million in an IPO.[4] The company announced it would list on the NASDAQ under the ticker symbol EIGI.[5] It went public in October 2013 raising $252 million selling shares to the public at $12 each. This was below the company's target goal of $400 million.[6][7]
In August 2018, the firm's CEO and CFO were fined several million dollars for fraud by the SEC related to company subscriber numbers.[19]
GS Capital Partners, ey?
Isn't that the same Goldman Sachs equity fund which had a large investment/stake in Backpage.com?Pretty much...
It has emerged that a private equity fund run by [Goldman Sachs] had taken a major stake in a secretive company called Village Voice Media.
It owns a classified advertising website – Backpage.com – that is accused of being the biggest forum for illegal sex trafficking of underage girls in America.
Headquarters: Goldman Sachs, which owns GS Capital Partners III, has signed a deal to sell its 16 per cent stake in Village Voice Media, which owns the website, called Backpage.com
GS Capital Partners III said it had agreed to sell its 16 per cent stake in the media company, admitting it had lost much of its investment in the process. Goldman Sachs insisted it had grown ‘uncomfortable with the direction of the company’ and its inability to influence its direction.
However New York Times columnist Nicholas Kristof, who exposed the connection, said the bank had been ‘mortified’ when he first inquired about its stake last week and ‘began working frantically to unload its shares’.
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First thing I thought of with the money flowing in was this is a money laundering scheme. Sell the shares, pump their own bad money in, spend it on bad things, let it go bankrupt in the end as a bad investment. If my hunch was right, that would also explain the changing name servers. Could also be a back channel communications involved. One would have to put a bot on it all.
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argosciv ago
Well fancy that...
https://en.wikipedia.org/wiki/Endurance_International_Group | https://archive.is/0VfCk
Emphasis added.
GS Capital Partners, ey?
Isn't that the same Goldman Sachs equity fund which had a large investment/stake in Backpage.com? Pretty much...
FYI: Goldman Sachs had financial ties to Backpage.com from as early as 2000 | Backpage.com is also tied to Florida Massage Parlor case(inc. Robert Kraft)
SearchVoatBot ago
This comment was linked from this v/pizzagate submission by @letsdothis3.
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YogSoggoth ago
First thing I thought of with the money flowing in was this is a money laundering scheme. Sell the shares, pump their own bad money in, spend it on bad things, let it go bankrupt in the end as a bad investment. If my hunch was right, that would also explain the changing name servers. Could also be a back channel communications involved. One would have to put a bot on it all.
argosciv ago
Psst... @Vindicator, @srayzie...
Look at the twitter handle(and the mash of numbers in the bio)... recognize the 3301 in the handle?
Why did dailycrusader jump on this 4 months ago?
What's PGis doing here?
GG
SearchVoatBot ago
This comment was linked from this v/pizzagate submission by @letsdothis3.
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argosciv ago
LOL! Point out the above curious links/presence, I get brigaded and look what shows up...
21 day account pushing 3301 garbage: https://archive.is/Cl5mn
@Crensch @kevdude @Shizy
argosciv ago
@MolochHunter @EricKaliberhall (see parent comment/context) xD
srayzie ago
What Twitter handle?
argosciv ago
In the submission's main post.