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Elliott Broidy
Elliott B. Broidy (born 1956 or 1957) is an American businessman and Republican fundraiser.
He founded Markstone Capital Partners in 2002, a private equity firm investing in Israeli companies. He served as finance chairman of the Republican National Committee (RNC) from 2005 to 2008. He was appointed by George W. Bush in 2005 to the U.S. Homeland Security Advisory Council and the board of the John F. Kennedy Center for the Performing Arts. He pleaded guilty to a misdemeanor charge in 2009, paying restitution and resigning from Markstone. He helped prosecutors secure the conviction of former New York State Comptroller Alan Hevesi in a pay to play scheme for the New York state pension fund,.
He purchased open-source intelligence provider Circinus LLC in 2014. He served as deputy finance chairman of the RNC from 2017 to April 2018, but resigned after reports of a non-disclosure agreement with former Playboy Playmate Shera Bechard regarding a sexual affair between them. He pleaded guilty in October 2020 to acting as an unregistered foreign agent for Chinese and Malaysian interests lobbying the Trump administration. He was pardoned by President Donald Trump on January 19, 2021 for that role. He owns Broidy Capital Holdings, which invests in artificial intelligence, public safety technology, and defense industry.
Raised in Westwood, Los Angeles, Broidy is the son of Sherman G. Broidy (1924–2014), an educator and property developer, and Dorothy Horowitz, a nurse. He is Jewish.
Broidy has stated that he financed his studies at the University of Southern California through employment as a commercial salmon fisherman. and that he "saved $10,000 and bought an East Los Angeles laundromat that he visited almost every day." Broidy graduated from USC with a bachelor's degree in accounting and finance. He was a Certified Public Accountant from 1982 to 1993.
Broidy began his career in finance at Arthur Andersen in the tax department. He was a Certified Public Accountant from 1982 to 1993. One of his clients, Glen Bell, the founder of Taco Bell, hired him to manage his family office and personal investments. He was the managing director at Bell Enterprises from 1982 to 1991. In 1991, he founded Broidy Capital Management, an investment firm, serving as its chairman and chief executive officer.
In 2002, Broidy founded Markstone Capital Partners, a private equity firm through which he invested in Israeli firms. He met with Benjamin Netanyahu, then the Israeli finance minister. Broidy raised $800 million for Markstone, primarily with the close cooperation of elected managers of government workers' pension funds in California, New York, and other states, as well as the city of Los Angeles, where he was on the Los Angeles Fire and Police Pension fund's board of trustees. The lead investor was the New York State Common Pension Fund, which invested $250 million with Markstone.
In 2009, after falling under investigation by then New York attorney general Andrew Cuomo, Broidy entered a guilty plea to a single felony count of attempting to provide excess gratuity to former New York State Comptroller Alan Hevesi. The charge was later reduced to a misdemeanor in exchange for cooperation that helped lead to the conviction of Hevesi and six other pension officials. Broidy had provided $1 million in illegal gifts to New York State pension authorities. The gifts included luxury trips to Israel, payouts, and an undisclosed investment in a film produced by the New York State Retirement Fund's chief investment officer's brother. In exchange for the gifts, the state pension fund had invested $250 million with Markstone Capital Partners.
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Elliott Broidy
Elliott B. Broidy (born 1956 or 1957) is an American businessman and Republican fundraiser.
He founded Markstone Capital Partners in 2002, a private equity firm investing in Israeli companies. He served as finance chairman of the Republican National Committee (RNC) from 2005 to 2008. He was appointed by George W. Bush in 2005 to the U.S. Homeland Security Advisory Council and the board of the John F. Kennedy Center for the Performing Arts. He pleaded guilty to a misdemeanor charge in 2009, paying restitution and resigning from Markstone. He helped prosecutors secure the conviction of former New York State Comptroller Alan Hevesi in a pay to play scheme for the New York state pension fund,.
He purchased open-source intelligence provider Circinus LLC in 2014. He served as deputy finance chairman of the RNC from 2017 to April 2018, but resigned after reports of a non-disclosure agreement with former Playboy Playmate Shera Bechard regarding a sexual affair between them. He pleaded guilty in October 2020 to acting as an unregistered foreign agent for Chinese and Malaysian interests lobbying the Trump administration. He was pardoned by President Donald Trump on January 19, 2021 for that role. He owns Broidy Capital Holdings, which invests in artificial intelligence, public safety technology, and defense industry.
Raised in Westwood, Los Angeles, Broidy is the son of Sherman G. Broidy (1924–2014), an educator and property developer, and Dorothy Horowitz, a nurse. He is Jewish.
Broidy has stated that he financed his studies at the University of Southern California through employment as a commercial salmon fisherman. and that he "saved $10,000 and bought an East Los Angeles laundromat that he visited almost every day." Broidy graduated from USC with a bachelor's degree in accounting and finance. He was a Certified Public Accountant from 1982 to 1993.
Broidy began his career in finance at Arthur Andersen in the tax department. He was a Certified Public Accountant from 1982 to 1993. One of his clients, Glen Bell, the founder of Taco Bell, hired him to manage his family office and personal investments. He was the managing director at Bell Enterprises from 1982 to 1991. In 1991, he founded Broidy Capital Management, an investment firm, serving as its chairman and chief executive officer.
In 2002, Broidy founded Markstone Capital Partners, a private equity firm through which he invested in Israeli firms. He met with Benjamin Netanyahu, then the Israeli finance minister. Broidy raised $800 million for Markstone, primarily with the close cooperation of elected managers of government workers' pension funds in California, New York, and other states, as well as the city of Los Angeles, where he was on the Los Angeles Fire and Police Pension fund's board of trustees. The lead investor was the New York State Common Pension Fund, which invested $250 million with Markstone.
In 2009, after falling under investigation by then New York attorney general Andrew Cuomo, Broidy entered a guilty plea to a single felony count of attempting to provide excess gratuity to former New York State Comptroller Alan Hevesi. The charge was later reduced to a misdemeanor in exchange for cooperation that helped lead to the conviction of Hevesi and six other pension officials. Broidy had provided $1 million in illegal gifts to New York State pension authorities. The gifts included luxury trips to Israel, payouts, and an undisclosed investment in a film produced by the New York State Retirement Fund's chief investment officer's brother. In exchange for the gifts, the state pension fund had invested $250 million with Markstone Capital Partners.