TransPerfect’s Money Purchases Skadden Lawyer, Robert Pincus, A Luxurious $2.85 Million Apartment in D.C.
Isn’t it interesting, that after Robert Pincus, who was Chancellor Andre Bouchard’s former business partner at the infamous law firm of Skadden Arps and who was appointed by the Chancellor to be the Custodian of the Court-ordered-sale of TransPerfect, some of these possibly misappropriated funds (according to my sources), have possibly come home to roost? Yes indeed folks, Mr. Robert Pincus has purchased a $2.85 million vacation condo or second home?!
Folks, this is outrageous. Here is apparently where a good portion of TransPerfect’s estimated $15 million, ordered paid by Chancellor Bouchard, to Skadden went! Outrageous bills with no invoices or explanations to the tune of millions and millions of dollars, all slipped into the, in my view, slippery law firm of Skadden Arps and then a large chunk into Robert Pincus’ purchasing of some exotic real estate. It’s actually a smooth and prudent way to make funds become nebulous and seemingly unrelated to anything from previous financial arrangements.
TransPerfect employee raises this year are frozen. Over $250 million of company money was engineered away to a chosen few by Chancellor Bouchard the way I see it. This is truly disturbing and a direct insult to all of those hard-working employees.
And to add insult to injury, folks, and this truly boggles the mind: Pincus and others at Skadden like partner Jennifer Voss are still taking money from the company each month with Bouchard’s nefarious approval with no itemization or explanation! The employees are working hard, while this guy is spending it, abusively in my view! He must think nobody is watching apparently! This is obvious to me and anyone who is paying attention.
So Bob Pincus, who I believe flimflammed everyone by conspiring with Delaware Chancellor Bouchard, and now owns a sports team owner’s former luxury party and crash-pad at the well-known and exclusive Wharf in Washington, DC is flaunting his ill-gotten gain made on the backs of 6,000 hard-working employees!
Yes indeed folks, this is how I believe, Robert Pincus is spending TransPerfect’s money! Money that, in this time of need, should be going to thousands of TransPerfect employees.
Please read the article below. Any feedback you have, please send it to me. Stay safe and God bless you.
Judson Bennett-Coastal Network
Residential Real Estate
Wayne Rooney’s former crash pad at The Wharf just sold. We have the details.
By Andy Medici – Senior Staff Reporter, Washington Business Journal
Nov 21, 2019, 3:02pm EST
Jason Levien, the lead owner, co-chairman and CEO of D.C. United, has sold his luxury condo at The Wharf to attorney Robert B. Pincus for $2.85 million.
Levien never lived in the seventh-floor condo at the Vio building at 45 Sutton Square SW, instead using the furnished unit as temporary lodging for clients, colleagues — and former D.C. United forward Wayne Rooney, according to Jordan Stuart, an agent at Keller Williams Capital Properties and team lead at Next Move, a network of licensed real estate professionals.
“He did buy this for the purpose of essentially having a nice, furnished, beautiful condo for his corporate partners, ownership and also to have a place for Wayne when he needed it. And Wayne used it during the season,” said Stuart, who represented Levien in the sale. “Once Wayne left, he felt it was a little bit much.”
Rooney, the British superstar who signed with D.C. United in June 2018, played for the 2019 season and subsequently struck a deal to return to the U.K. and become a player-coach for Derby County FC in the English Championship.
Levien, who has other properties around the city, decided to sell the property once he could break even and get the price he wanted, Stuart said. The condo boasts floor-to-ceiling views of Washington Channel, has three bedrooms, two-and-half bathrooms and totals nearly 2,000 square feet. It was sold to Pincus, a retired partner from Skadden, Arps, Slate, Meagher & Flom LLP, who is currently an adjunct assistant professor at American University’s Washington College of Law and a corporate dispute mediator, according to his LinkedIn profile.
The sale comes less than a year after Levien purchased the condo from chef Mike Isabella for $2.575 million. Isabella himself purchased it in March 2018 for $2.19 million, shortly before Isabella was sued for sexual harassment by former Mike Isabella Concepts General Manager Chloe Caras. He settled the suit for undisclosed terms in May 2018.
Stuart said the successive price increases over a short time showed the demand for condos at The Wharf, especially those with expansive views, of which there are only so many, he said.
“People want to be on The Wharf and there is a lot of leasing options, but there is not too much supply. It’s really just kind of the Vio in phase one [of The Wharf development]. And if you want one of the nicest pre-owned units, this is basically it,” Stuart said. “It was in demand when I sold it the first time. It was in demand this time.”
Levien, who is also co-owner of Welsh soccer club Swansea City AFC, leads the investment group that owns a majority D.C. United after it bought out previous partner Erick Thohir in August 2018. The Wharf made sense as a spot for guests (and Rooney) as it sits just blocks from Audi Field, D.C. United’s stadium at Buzzard Point.