Thu. Dec 12th, 2024

The Case of the $616 Dinner—and the Phantom Banker<!-- wp:html --><p>Joel Saget/AFP via Getty</p> <p>Cerberus Capital Management, an investment firm founded by Trump-loving billionaire Stephen Feinberg, has sued a consultant, accusing him of defrauding the company out of thousands of dollars in business meals that never happened.</p> <p><a href="https://www.thedailybeast.com/this-gun-kill-kidsand-reaps-profits">Cerberus</a> started working with consultant David Boutry in 2021, paying him $1.5 million to advise on sourcing debt financing and other services, according to a lawsuit filed Monday in New York Supreme Court.</p> <p>The contract allowed for reimbursement of certain business expenses, the complaint states. But when Cerberus conducted a review of the expenses Boutry submitted, it found 18 instances in which the consultant claimed to have been at a business meal with someone who was not there.</p> <p><a href="https://www.thedailybeast.com/trump-loving-cerberus-billionaire-stephen-feinberg-says-consultant-stole-lavish-dinners">Read more at The Daily Beast.</a></p><!-- /wp:html -->

Joel Saget/AFP via Getty

Cerberus Capital Management, an investment firm founded by Trump-loving billionaire Stephen Feinberg, has sued a consultant, accusing him of defrauding the company out of thousands of dollars in business meals that never happened.

Cerberus started working with consultant David Boutry in 2021, paying him $1.5 million to advise on sourcing debt financing and other services, according to a lawsuit filed Monday in New York Supreme Court.

The contract allowed for reimbursement of certain business expenses, the complaint states. But when Cerberus conducted a review of the expenses Boutry submitted, it found 18 instances in which the consultant claimed to have been at a business meal with someone who was not there.

Read more at The Daily Beast.

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