Noun. A decent, upright, mature and responsible person.
Noun, slang. An awkward, clumsy, or unlucky person whose endeavors tend to fail. A loser.
Mensch of the Week:
Deborah Bauer wins the CREW Network Impact Award. Receivers of the award have shown exemplary performance in their field. As founder and president of Drake Commercial Real Estate Bauer has been labeled the “go-to” person for large retail, office and multi-family deals.
Bauer started her business as a single mom and as one of few women in her field. Her success, especially considering these obstacles, is admirable. Known best for her 413-acre mixed-use Crest Bella and 1,400-acre master-planned Stevens Ranch both in San Antonio, Texas, Bauer excels in converting large spaces into mixed-use spaces.
She is one of many great women who has accepted this award and we look forward to seeing what else she and Drake Commercial Real Estate do next.
Schlemiel of the Week:
Louis Freeh, Former FBI Director
Former FBI Director Louis Freeh plays a dangerously important role in a Russian laundering fraud trial. Prevezon Holdings Limited assisted Russian in a $230 million tax fraud and an associated money laundering scheme. Freeh was hired following the rejection of a proposed settlement by Michael Hess on behalf of Prevezon.
The real-estate company got off with a $6 million settlement. Seems like a pretty minor penalty for the charges at hand. Avoiding U.S. trial all together was their goal and they have surely accomplished it but that does not mean people do not see what they are doing. This case is a decade in the making and accuses of Prevezon of meddling in important deals between Moscow and Washington.
Russian lawyer Sergei Magnitsky is a large reason this case has attention at all. His recent death has called even more attention to the trial and shady business connected to Prevezon. Law firm partner Jamison Firestone flew to New York to serve as a witness against Prevezon only to have the case settled moments after he arrived. Firestone told Business Insider:
The effects this will have for Freeh are still unknown as we follow the case.