In March 1989, a federal grand jury indicted Michael Milken on 98 counts of racketeering and fraud. You read that correctly, 98 counts! Wikipedia says, "... Milken condoned questionable and illegal acts by his colleagues..." Josh Friedman and Mitch Julis worked under Milken when he was indicted, and learned their trade from Michael Milken, according to the well-respected Institutional Investor publication. https://www.institutionalinvestor.com/article/b14zbkcxmfn0fn/canyon-capital-thrives-in-a-transforming-financial-landscape
In March 1989, a federal grand jury indicted Milken on 98 counts of racketeering and fraud. The indictment accused Milken of a litany of misconduct, including insider trading. On April 24, 1990, Milken pleaded guilty. As part of his plea, Milken was sentenced to ten years in prison, fined $600 million, and permanently barred from the securities industry by the Securities and Exchange Commission. Milken agreed to pay $200 million in fines. At the same time, he agreed to a settlement with the SEC in which he paid $400 million to investors who had been hurt by his actions. He also accepted a lifetime ban from any involvement in the securities industry. In a related civil lawsuit against Drexel Burnham, he agreed to pay $500 million to Drexel's investors.
At Milken's sentencing, Judge Kimba Wood told him:
You were willing to commit only crimes that were unlikely to be detected. ... When a man of your power in the financial world ... repeatedly conspires to violate, and violates, securities and tax business in order to achieve more power and wealth for himself ... a significant prison term is required.
While Mitch Julis and Josh Friedman are the underlying majority owners, they use lots of entities, avoiding doing business in their own names.
Mitch's mansion reportedly sits just north of Sunset Boulevard and is completely hidden behind a camera-watched metal gate and thick privet hedges. Behind the fortress-like defenses sits the mansion, massive 25-car motorcourt, and tennis court.
In April 2018, Mitch Julis reportedly paid $17,800,000 for the house directly next door to his Beverly Hills mansion. The purchase was done on the down-low, through an anonymously-named corporate entity.
https://www.dirt.com/moguls/finance/mitch-julis-house-beverly-hills-home-12732/
In November 2016, Mitch reportedly paid $21,000,000 for this contemporary home in the Trousdale Estates neighborhood of Beverly Hills. The house is one of the most private in the area: completely hidden from the street behind an epic long driveway.
Mitch reportedly paid $21,475,000 back in 2010.
In 2008, Mitch reportedly paid over $10 million for this condo at the renowned 15 Central Park West building on the Upper West Side of Manhattan
https://www.realtyhop.com/property-records/new-york-ny/search?q=Mitchell+R+Julis
Joleen and Mitch Julis of Canyon Partners had the bright idea of buying an NYC fixer-upper at 432 Park Avenue for the mere price of $59 million and figured they could make a score. For seven unlucky years and counting, their scheme ain’t working out. If you’re unfamiliar with the building, it has been “likened to a middle finger”.
After paying $59,144,631.00 for 432 Park Avenue #79 in 2016 - in the infamous building widely known for its leaks, creaks and breaks - Joleen and Mitch hired local NY architects to fix it. But they got in a fight. Mitch has only been involved in a few hundred lawsuits so how could that have happened?
Needing to hide their involvement, the Julis’s plotted to use their secretive entity, 432 Crotona Park Avenue LLC. Cary MacMiller at Gelfand, Rennert and Feldman in LA is their go-to man for stealthy deals. Could it be that they use a hush-hush entity so prospective buyers don’t learn it’s the Julis’s and run? Hmmm…
Zillow reports that on July 20, 2021 the Friedmans paid almost $10 million for the property at 4223 Bordeaux Ave, Highland Park, TX 75205
4223 Bordeaux Ave, Highland Park, TX 75205
4223 Bordeaux Ave, Highland Park, TX 75205
Joshua Friedman reportedly acquired La Pumada a few years ago for $19,500,000 and has been long engaged in a massive remodel and expansion of the premises that is driving all the Montecito locals completely bonkers. One Montecito resident was even quoted by Page Six as saying, “We are sick and tired of people from Beverly Hills and beyond
Joshua Friedman reportedly acquired La Pumada a few years ago for $19,500,000 and has been long engaged in a massive remodel and expansion of the premises that is driving all the Montecito locals completely bonkers. One Montecito resident was even quoted by Page Six as saying, “We are sick and tired of people from Beverly Hills and beyond coming to laid back Montecito for our quiet, understated lifestyle only to have them cluelessly destroy the sanctity of our neighborhood.”
https://pagesix.com/2014/08/29/hedgie-making-neighbors-angry-with-constant-construction/
https://www.dirt.com/entertainers/actors/2016428gwyneth-paltrow-house-montecito-776/
So, if you lost all of your money and property, despite never missing a loan payment that was due to Canyon, and your future is now destroyed, if you're in the area perhaps you can stop by and discuss with Josh, Beth, Mitch and Joleen how they are enjoying the benefits from your money and property.
https://www.realtyhop.com/property-records/new-york-ny/search?q=Joshua+S+Friedman
MITCHELL AND LINDA J (JOLEEN) JULIS TRUST
THE JULIS FAMILY LIMITED PARTNERSHIP
SOLDIERS FIELD PARK PRODUCTS
MITCHELL AND LINDA JOLEEN TRUST
FCP ASSET HOLDINGS LLC
IONNINA AND ARTA INVESTMENTS LLC
https://reports.adviserinfo.sec.gov/reports/ADV/169465/PDF/169465.pdf
JOSHUA AND BETH FRIEDMAN TRUST
THE JOSHUA S. FRIEDMAN FAMILY LIMITED PARTNERSHIP
BETH CARI FRIEDMAN
PUMADA LLC
SOLDIERS FIELD PARK PRODUCTS
FCP ASSET HOLDINGS LLC
https://reports.adviserinfo.sec.gov/reports/ADV/169465/PDF/169465.pdf
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