an
unnamedbank“institution
A,”
per
James
$141.0mKokinoHoldingsinclude:
477 wire
transfers worth
$40m
to
...
and 272 wire
transfers worth
$4m
to
...
... who redirected this money and more from unknown
sources through the same bank to two LLCs ...
56
The
Family
Offices
Here’s
what’s
known
about
the
Sacklers’
holdings,
according
to
SEC
filings.
$10.8b
Taken
out
of
Purdue
$4.6b
Tax
payments
New
York
State
Attorney
General
Letitia
James’s
office
has
said
the
Sacklers
hid
billions
of
dollars.
She’s
subpoenaed
at
least
10
financial
institutions
connected
to
the
family
“in
an
effort
to
establish
the
Sacklers’
fraud,”
according
to
afiling.
The
subpoenas
allege
that
a
portion
of
the
$4.4
billion
was
used
for
multimillion-dollar
real
estate
transactions.
In
one
example,
Beacon
made:
Trusts
for
the
benefit
of
the
Sacklerfamily
From 2008 through 2017, $10.8 billion flowed out of Purdue in hundreds of transactions through numerous subsidiaries. (A small percentage of this sum was reinvested in Purdue or lent to and fully
repaid by an affiliated company.) After tax bills were settled, the bulk of the cash landed in two Delaware companies, Rosebay Medical Co. and Beacon Co.
Despite the scandal around the Sacklers’ role in marketing opioids, the family has continued to earn returns through investments across the U.S. economy. Kokino LLC, which manages the wealth of Jonathan’s family, made up about 20% of investor funds managed by hedge fund Sunriver and holds smaller stakes in tech and oil companies. Richard’s family office, Summer Road, is calculated to have made $60 million last year through its client Cap 1 LLC from the sale of a stake in ski company Peak Resorts. Below are the values of their known holdings.
Money
from
the
companies
moves
through
trusts
to
the
two
sides
of
the
family.
Richard
and
the
late
Jonathan’s
estate
benefit
from
Rosebay;
Mortimer
D.A.
and
Mortimer
Sr.’s
other
family
members
benefit
from
Beacon.
Jonathan
RosebayMedical
Be
acon
137
transfers
totaling
almost
$20m
via
...
to
$1.7bOther
companies
$4.4b
Two U.S.
companies registered
in Delaware
Mortimer
D.A.
Mortimer
D.A.
$46.8m SummerRoadHoldingsinclude: $26.3mStillwaterHoldingsinclude:
Richard Mortimer
D.A.
Richard
EMagin Corp.
$26.3m
Ocular Therapeutix Inc.
$46.8m
Hill International Inc. $0.9mStoneX Group Inc. Sunriver Mgmt. LLC $114.0m
$0.9m
Argan Inc.
$1.1m $1.2m
Evolving Systems Inc.AutoWeb Inc.
$3.0m
Gulf Island Fabrication Inc.
$8.0m
Amtech Systems Inc. $11.9m
Jonathan