Romney "47 Percent" Fundraiser Host: Hedge Fund Manager Who Likes Sex Parties

Source: Mother Jones

When Mitt Romney at a private fundraiser dismissed all Barack Obama voters as moochers and victims—showing disdain for nearly half of the American electorate—he was speaking at the home of controversial private equity manager Marc Leder in Boca Raton on May 17, 2012. This is evident from references made by Romney within the full video recording of the event that has been reviewed by Mother Jones.

When Mother Jones first disclosed secret video of Romney's remarks, we were obliged to not reveal details regarding the time and place of the event. That restriction has been lifted, as the story has garnered attention throughout the media.

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But Leder does differ from Romney in one significant fashion: how he likes to have a certain sort of fun. In August 2011, the New York Post reported,

It was as if the Playboy Mansion met the East EBond at a wild party at private-equity titan Marc Leder's Bridgehampton estate, where guests cavorted nude in the pool and performed sex acts, scantily dressed Russians danced on platforms and men twirled lit torches to a booming techno beat. The divorced Sun Capital Partners honcho rented a sprawling beachfront mansion on Surf Side Road for $500,000 for the month of July. Leder's weekly Friday and Saturday night parties have become the talk of the Hamptons—and he ended them in style last weekend with his wildest bash yet. Russell Simmons and ex-wife Kimora Lee attended a more subdued party thrown by Leder—who's an event chair for Simmons' Art For Life charity—on July 29 together. But the revelry hit a frenzied point the next day before midnight when a male guest described as a "chubby white meathead" and a "tanned" female guest stripped and hopped into the pool naked.

Read more: http://www.motherjones.com/mojo/2012/09/romney-secret-video-marc-leder-sex-parties

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Mother Jones also quotes the NY Times saying that Leder's company, Sun Capital, "represents everything that's wrong" with private equity, with roughly 1/5 of the companies it owns declaring bankruptcy since 2008, including the restaurant chain Friendly's, which a federal agency accused Sun Capital of pushing into bankruptcy to avoid paying employee pensions.