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The Billionaire Battle in the Bahamas

By Eric Konigsberg

The whole thing began over a puddle in a driveway.

The two men are next-door neighbors in Lyford Cay, a gated community on New Providence, an island in the Bahamas, and for years it had been a peaceful adjacency. Because both of them happen to be billionaires, it is a picturesque driveway, lined by casuarina trees and triple Alexander palms, 200 feet north of a stunning body of water known as Clifton Bay and 100 feet south of an even more stunning vista upon the Atlantic Ocean.

It is less a driveway than a road—but also a portion of road that is shared by both neighbors and nobody else, owing to how it cuts right through one man’s property and ends at the other man’s, which occupies the westernmost tip of the island. And we’re talking about a land of eight-figure beachfront properties, where the houses are very close to each other—where one man’s dining room is only about 200 feet from the other’s revolving acrylic discotheque floor and the glass walls that enclose it with a steady cascade of water.

An “easement” is what the driveway’s creator, the developer E. P. Taylor, a Canadian brewing tycoon, termed this shared passage when he established Lyford Cay in 1955. (The road itself he saw fit to name E. P. Taylor Drive.) But just as one man’s driveway is another man’s easement, one neighbor’s cocktail party is another’s sleepless night due to the fact that there are 2,000 Bahamians—plus a lot of young women from islands throughout the Atlantic, not to mention Europe—whooping it up at the topless bacchanal next door. And one man’s overflow of parked cars along the driveway on that sleepless neighbor’s side of the property line is another man’s reason to have the section of the driveway that cuts through his property re-graded and rebuilt, adding a dip and tall flagstone walls on either side, leaving no shoulder space for anybody to ever conceivably think of parking there, while also screening the driveway from view.

The dip created a drainage problem when it rained: the puddling. “It was smelly. And it had mosquitoes. And in order to come to our place you had to go and wear rubber boots to come and knock on our door,” says Peter Nygard, a Canadian manufacturer of women’s wear and the neighbor at the end of the road who threw the parties. In a court filing, he referred to it as “a toilet drain.”

“Nygard likes the idea that people think they’re going to a separate island when they go to his place,” says Louis Bacon, a titan of New York finance and the neighbor who constructed the strategic no-parking zone. “Now it kind of looks like what the English call a ha-ha: the road drops and it feels more private. It’s a better entrance for his guests and better for me too.”

But that was then, and this is now. And somehow, what began in 2007 with a bit of irritation over runoff has escalated to a battle royal encompassing no fewer than 16 legal actions between Nygard and Bacon and their associates, in which both sides are claiming damages in the tens of millions of dollars and lobbing allegations of activities that include vandalism, bribery, insider trading, arson, murder, destruction of the fragile seabed, and having a close association with the Ku Klux Klan.

By Julie Miller

By Eve Batey

By Kase Wickman

It has reached a point where neither man, though each used to consider Lyford Cay his rightful home, spends much time there anymore. Nygard, unable to obtain government permits to rebuild his six-acre, Mayan-inspired compound after an electrical fire in 2009 demolished most of the structures—including the 32,000-square-foot “grand hall,” with its 100,000-pound glass ceiling—has been left to live out of his study when he does visit, and has stopped throwing parties altogether. He blames the man next door for all of it, citing a string of environmental-degradation suits that Bacon has filed against him in court.

SueLyn Medeiros and Nygard at Bahamas Fashion Week, in Nassau, 2008.

Bacon hasn’t set foot in the Bahamas in more than a year, claiming it would put his personal safety at risk. In January 2015, he leveled a $100 million defamation complaint against Nygard in New York, where both men’s businesses are headquartered. Nygard, the suit alleges, has been the “ringleader” behind a vast multi-media smear campaign—TV and radio ads purchased, Web sites created, videos doctored, T-shirts printed, and even “hate rallies” staged with parades through Nassau—all in the name of labeling Bacon a racist, a thief, and a “terrorist,” and bearing messages such as BACON GO HOME.

Nygard filed a counterclaim and tells anybody who will listen that Bacon is trying to destroy him out of a simple desire to take over his property, claiming that some years ago—Nygard can’t recall when—a real-estate agent came to his house on Bacon’s behalf and offered $100 million for the place. When he turned him down, the agent replied that Bacon would get the property “one way or another,” Nygard claims, adding that he doesn’t know the man’s name and can’t remember where he worked, “because it was such a joke to me.” Even so, he says, he took it as a threat. (Bacon has said he made no such offer and was never interested in acquiring Nygard’s land.)

Nygard vows he will never sell and says that he has never met anybody “that smart, that competitive, in my life. He reminds me of Hitler.”

“Peter Pinocchio,” Bacon calls Nygard in an open letter he published in the Bahamas Tribune, noting his habit of “playing footsie with the truth.”

In This Corner

At 74, with his long white hair and vigorously spread family tree (he has had eight children with five women), Nygard is something like the Hugh Hefner of down-market retail. Aesthetically—shirt unbuttoned to the navel, tight black jeans, and some sort of glitter he applies to his suntanned arms after showering—he brings to mind a mash-up of Sam Walton and Gunther Gebel-Williams, the circus-animal trainer.

Some things you should know about Nygard: His personal history involves emigrating from Finland to Manitoba with his family when he was eight and living out of a converted coalbin. At 24 he purchased a share in a clothing-manufacturing company with an $8,000 loan, and before long renamed it Nygard. Today, it has about a dozen lines of inexpensive apparel, aimed mostly at middle-aged shoppers and available in more than 200 Nygard stores and other retail chains in North America, and does $500 million in annual sales. He dated Anna Nicole Smith for several years.

He is famous in the Bahamas. He flies there in a private jet that bears the words PETER NYGARD N FORCE and once reportedly had a stripper’s pole inside. He sued a former associate for claiming that Nygard had “deliberately hired celebrity lookalikes” to attend his Oscar party, according to the lawsuit. The case was eventually settled. He is obsessed with longevity. He was giving himself testosterone shots every other day and made arrangements with a lab to receive regular injections of his own stem cells. He talks about the virtues of exercise and healthy eating, and he takes about 50 pills a day—“vitamins, supplements, pharmaceuticals,” he says. “What is it that I’m working on? Getting younger.”

More than anything, Nygard is proud of his concrete sanctuary, which in 1992 he persuaded the Bahamian government to rename Nygard Cay to coincide with a Lifestyles of the Rich and Famous segment. For the preceding 400 years it had been known as Simms Point. Nygard designed and constructed the compound himself over more than two decades. (“To give Nygard credit, he’s industrious,” Bacon concedes. “I used to see him out there in his front loader.”) Even with the main house at Nygard Cay mostly in ruins six years after the fire—the grand staircase that ran through it is now more of an open-air gangway—there’s still plenty to marvel at: carved dragons, 60-foot ziggurats with hundreds of torches lit individually every night by his staff, giant statues of nude women modeled on his former girlfriends, and what he claims is the world’s largest sauna, a 6,000-square-foot A-frame lodge constructed of Canadian-pine logs that are 2 feet thick and 28 feet long. “We went and got a special barge, huge undertaking,” he says of importing them, adding that it was the first building he erected. “Every Finn starts with the saunas.”

The pool and gazebo at Nygard’s six-acre estate.

Nygard and his friends sometimes refer to his estate as “Disneyland on steroids.” Chichén Ibiza is more like it. A squadron of peacocks strut on the grounds. Giant urns belch smoke like volcanoes. Coiled stone cobras hiss steam at sunset. The multi-hued structures are festooned with thousands of colored lightbulbs.

He’s struggling to get approval to rebuild from the Bahamian government but may want the next iteration to resemble a spaceship. “I’m into a lot of other kind of design, the New York design—it’s more techy,” he says. He won’t think of trying to replicate what he already built. “You know that song, ‘Someone left the cake out in the rain’? I lost that recipe. ‘I’ll never have that recipe again.’ ” He’s got no idea how much money he put into it the first time.

Nygard misses the life he had in Lyford before Bacon—whom he refers to as “my nice neighbor”—began to get in the way. He no longer holds his Sunday-night “pamper parties,” which offered everybody free spa treatments. “It just tore a heart out of me,” Nygard says. “This was my dream, my life wrapped up in here.” But tonight he’s still having fun. In his mirrored gym, which now functions as the dining room, he eats dinner and downs the contents of a meticulously marked Baggie full of pills handed to him by a young personal assistant. He mentions that his assistant is “one of my main girlfriends.”

Soon, they’re joined by a couple of other women, who have just arrived from Miami, and several members of the Bahamian men’s volleyball team. They all consider driving to town for the parade celebrating Junkanoo, a national holiday. “You have to take off your top if we go,” he jokes with one of the ladies, flipping his hands upward from his shoulders to pantomime. Instead, everybody stays up until three A.M. playing poker.

On his TV is a frozen picture of Bacon bearing the words “5 Lies of Bacon.” Outside, on his volleyball court, one of several large signs reads, ITS [ sic ] TIME TO THROW THE TRASH OUT! LOUIS KKK BACON. The signs (which Nygard says have since been taken down) are pointed out toward the water, in case anybody sailing by in Clifton Bay should want to know more about the man. Bacon’s hedge fund is name-checked, too: MOORE CAPITAL MANAGEMENT. On another is Bacon’s face with the word CRIMINAL stamped over his forehead. The signs are easily seen from the Bacon family’s breakfast nook.

In That Corner

In a glass-tower office, framed by views of the Manhattan skyline and the Hudson River, Bacon, 59 years old and sitting tall in a chrome-and-leather chair, is surrounded by trading screens, clocks set to the times of various overseas markets, squash and yachting magazines, model aircraft. “Dealing with Nygard,” he says, “is like having dog shit on your shoe.” (Nygard’s riposte: “I recommend that he change his shoes.”)

He is short on dialogue: he has little to say that his lawyers can’t say for him, because he’s doing his best to appear aloof, as if to assert that the feud has failed to get the better of him. He’s also mortified to have his public identity joined with his antagonist’s. “Louis doesn’t like attention in the first place,” says his college friend and Lyford neighbor, Chris Brady. “But it’s almost criminal for him to even be mentioned in the same paragraph as Peter Nygard.”

Bacon grew up in a wealthy real-estate-business family in North Carolina, boarded at Episcopal High School, in Alexandria, Virginia, and graduated from Middlebury College (where he is now a trustee) and Columbia Business School. He’s a member of the Racquet and Tennis Club and the Union Club of the City of New York. He has seven children, four with his first wife and three with his current wife. The hedge fund he owns and runs has some $15 billion under management, and his estimated net worth is $1.75 billion. Forbes once summed up his investment strategy as “secretive, risk-conscious, a bit paranoid.” If, on a lark, he were persuaded to read for a movie part calling for a “handsome Wall Street kingpin type,” he’d probably be turned down because the fit seems too perfect to be credible: sculpted mandible, enviably tousled locks.

Where Nygard has made a visible mark on the cay with his estate, Bacon wants his country houses known for how meticulously they fit into their surroundings. He has a lot of them. In addition to his residence on the Upper East Side, he owns a weekend home on Robins Island, off the coast of Southampton, Long Island, where he hosts polo matches and driven-pheasant shoots. (He bought the entire 445-acre island in 1993 for $11 million.) He also owns a grouse moor in Scotland and a hunting lodge in the North of England. Then there was his Georgian town house in Knightsbridge (before he sold it), not to mention spreads he still owns in Panama, New Mexico, and North Carolina, as well as his 172,000-acre Colorado ranch, which, when he purchased it from Malcolm Forbes’s family for $175 million, in 2007, became the most expensive American residence ever. A second estate in Lyford Cay—for spillover guests or staff—has an indoor squash court.

“The common denominator is his engagement in natural resources, an astute sensitivity to all the components that make a habitat conducive to the area in question,” says Peter Talty, an architect who works for Bacon’s own personal property-management company. (“Trust me, it’s a full-time job.”) Bacon is fond of the judicious (and tax-deductible) gambit known as a conservation easement, deploying it, for example, to restore the eastern-mud-turtle population and preserve the habitat of endangered shorebirds on Robins Island.

Since 1994, he has contributed $175 million to conservationist causes, including funds to prevent Clifton Bay, a coral-lined stretch abutting Lyford Cay, from being developed as a subdivision anchored by a casino. That it has since been preserved as a national park was what, in 2013, won him the Audubon Society’s annual medal for contributions to conservation. He is “the rare wealthy businessman who sees the environment as a battleground,” says Robert F. Kennedy Jr., of the Waterkeeper Alliance lobbying group, a favorite charity of Bacon’s. “Louis funded our litigation against the factory-farm industry while he was constantly running into the head of Smithfield in his elevator, because they lived in the same building on Park Avenue,” Kennedy says. “That’s kind of funny when you think about it, particularly since his name is Bacon.”

Bacon and his wife, Gabrielle, at the Metropolitan Museum of Art, New York, 2014.

As for his place in Lyford, Point House, you might never guess that the owner is this rich. Even though there’s a custom-made board game called “Baconopoly” sitting on a credenza, with squares named for all of Bacon’s properties (Rutland Gate, Coral House), their identities turn out to have been affixed via printed stickers, a utilitarian gift. “In this world, you don’t disclose a lot,” says Ian Levy, who, with his wife, Charlotte, manages the household staff of seven (more when the Bacons are there). “As a former yacht captain, if I am sailing and my owner decides to cross with another boat, the other captain and I won’t even refer to our boats’ owners by name. It’s simply ‘your owner’ and ‘my owner.’ ” Even so, he does acknowledge that “a sitting queen and a former king” have been guests of the Bacons’. (The queen was Noor of Jordan.) Even the Levys’ uniforms are low-key: matching polo shirts with the Point House logo, a simple child’s drawing of a cottage.

The Levys have witnessed the feud up close and speak about their neighbor with contempt. But Bacon, they insist, has never lost his cool. “His response isn’t emotional,” Ian Levy says. “This is not a man you just phone up to tell him that a leaf’s fallen off a tree. I would tell him what happened, and he said, ‘Take photographs and refer it to the legal department.’ He responds to Peter Nygard as a problem that needs to be taken care of.”

Until he filed his defamation suit, this year, Bacon fought Nygard mostly under the auspices of an environmental campaign, joined by many Lyford residents, that sought to rectify changes to the coastline they claim Nygard is responsible for. In 2014, 103 locals put their names on a complaint against the Bahamian government, demanding that certain procedures be followed in order for Nygard to get legal clearance to rebuild. Some people in Lyford refer to Bacon’s “heroism” for taking on “the neighborhood bully.” “I’m probably the one who’s been affected the most,” Bacon says, “and I have the means to do something about it.”

An Island Refuge

Lyford Cay was designed as a gated “winter community,” the brainchild of the aforementioned E. P. Taylor and Sir Harold Christie, a scion of the Bahamian family that owned the original 3,000-acre plot at the western tip of New Providence. The houses have names that are playfully colonial: Tra La La, Safari, Tea Time, Out of Bounds. In 1962, when President Kennedy flew to Nassau for a series of private “world-ranging talks” with the British prime minister Harold Macmillan, he stayed at Taylor’s house and the P.M. stayed next door. Early residents included Henry Ford II, Aga Khan IV, Prince Rainier III of Monaco, Huntington Hartford II, Babe Paley, “and certainly the most beautiful women and some of the most powerful men in the world,” Town & Country reported in 1975, marveling at how the private telephone directory for 120 villas listed “Heinz and Menzies, Goulandris and Niarchos, McMahon and Mellon.” The piece was accompanied by a lavish Slim Aarons photo spread.

Today’s roster is sleepy by comparison: aside from Sean Connery (who, nearly a half-dozen James Bonds ago, shot Thunderball and several other films here), there are scores of semi-anonymous businessmen or their progeny. Bacon and Nygard’s neighbors prefer to keep a low profile: Count and Countess de Ravenel, of France; the Brazilian re-insurance magnate Antonio Braga; Jane Lewis, wife of the English investor Joe Lewis. “It’s quiet money,” says David Laughlin, a New York financier (second-generation Lyford) and chairman of the Lyford Cay Club.

Long before the puddle, Nygard clashed stylistically with much of the Lyford Cay establishment. He threw a lot of parties and was always doing construction. He bought his house, a modest beach bungalow, in 1984 for $1.76 million. It is now a security booth and staff office for his estate. “In the early days, my dad would sit at the little kitchen counter in the window and do his designs on napkins,” says his eldest daughter, Bianca, who works for the Nygard corporation. “He always said he would never be done.”

Nygard initially joined the Lyford Cay Property Owners Association (L.C.P.O.A.), even though his lot’s location at the tip of the peninsula meant that it was not deeded within the L.C.P.O.A. After a few years he stopped paying dues. “When you join or go into somebody else’s house or the land, you need to obey their own rules; you need to conform to whatever their standards are,” Nygard says. “I have my own life, you know? I never moved here to Nygard Cay because of Lyford Cay. I moved to Nygard Cay because it’s the most beautiful property in the world, and it happened to be that to get to it I had to go through Lyford Cay.”

The Lyford Cay Club—a golf-and-tennis facility with a majestically frayed pink clubhouse—is the social hub of the community, and according to members, Nygard was discouraged from applying by people who broached the matter on his behalf with the membership committee. “There is a formal process to get into Lyford,” says Chris Brady, a lifelong member. (Brady’s father, Nicholas Brady, was secretary of the Treasury under President George H. W. Bush.) “And it helps if you buy an expensive piece of land and you keep your bad behavior on the down low. But Nygard got off to a bad start.” Nygard says he never tried to join the club, and also denies being a bully, adding, “Most of my relationships with the Lyford Cay community were pristine until Louis Bacon came and destroyed many of them. Many from Lyford Cay would celebrate their weddings, anniversaries, and other special events at Nygard Cay, or bring their V.I.P. guests over, including royalty from around the world.”

Yet, Laughlin says, “When somebody comes in who’s of a different character and doesn’t make much of an effort to assimilate, some communities are better able to deal with that than others. At Lyford, there isn’t a mechanism to deal with that kind of ostentatiousness. A lot of us in the old line viewed him as a curiosity. It’s not in keeping with what we do here, but people went out there to look at it. I’m one of them.”

So was the first President Bush, who struck up a friendship with Nygard after Nicholas Brady took him to Nygard Cay once to marvel at the place. For better or worse, says Bill Hunter, a former Lyford Cay Club chairman, “when you look toward Nygard’s place at night from across the bay, it’s like a cruise ship, all the lights and torches blazing. And around it, the adjacent properties are dark.”

“From time to time I see the procession of people coming to his parties—motorcades full of these attractive girls,” says Jean-Charles de Ravenel. “They’re not parties the typical Lyford Cay family is having with their grandchildren. Listen, Lyford Cay is not St. Tropez.”

Nygard’s supporters say his parties do stand out, because they’re full of people who wouldn’t otherwise be in Lyford Cay. “He has poor kids and athletes out to his house every day,” says his best friend, Carlos Mackey, who is the host of a sports program on local TV. “He’s a philosopher, a visionary, a genius. But his heart’s as big as Shamu the whale.” Nygard is well known throughout the Bahamas for his financial support of the country’s Olympic running squads, among many other charities. Wendall Jones, the publisher of The Bahama Journal, says, “The residents of Lyford Cay say they don’t appreciate his flamboyance when what they don’t like is the fact that he invites so many black people over. Peter Nygard is a force for good.”

Bacon arrived next door at Point House in 1994. He paid $5.9 million, then over the next 15 years purchased two adjoining pieces of land for an additional $20 million. “They did of course warn me about my neighbor, but that’s probably why the price was right,” Bacon says. “He was a bit of a headache, but it was largely cordial at first.” Nygard says he and Bacon—an odd couple if ever there was one—invited each other for drinks at their homes. They managed an agreement (via their groundskeepers) on choices of island ficus and bougainvillea to plant along the easement.

“I helped to save his life,” Nygard says of the time Bacon and his property manager got marooned during a fishing expedition. “I had some of my boats out there. I was part of his search committee.” Bacon relates the same incident, though he says that Nygard was most ungallant. “My wife called him, and he came over to our house. He started casing the joint, looking at it as a place to buy, and did nothing. They ended up getting somebody else to come find us.” (Nygard says that Bacon’s then wife was “most appreciative” and that he has “never been interested” in Bacon’s house.)

An aerial view of the western tip of New Providence, 2014.

In 2005, Nygard addressed his parking-overflow problem by laying down a 15-by-20-foot concrete slab—on Bacon’s side of the property line. Bacon responded by suing Nygard and obtaining a court injunction to remove it. Two years later, Bacon dealt with his long-standing irritation with the noise from Nygard’s parties by installing industrial-grade speakers at the edge of his land and pointing them at Nygard Cay at night. “We hired a sound consultant in the U.K. to see if we could somehow muffle the sound from Nygard’s by emitting a counter-sound, but that proved terribly complicated, so we went and got four huge rock-concert speakers to play something loud in response,” Bacon’s architect, Peter Talty, says.

“It was horrible squawking sounds that would drive you out of your mind,” says Eric Gibson, Nygard’s former property manager. In a legal filing, Nygard’s lawyer characterized them as “military-grade speakers” that “blared dangerous, pain-inducing sound waves toward Mr. Nygard’s home.”

“It was supposed to create white noise on my side, but that didn’t work,” Bacon says. “What it did to his side I wasn’t really interested in.”

There was also the matter of sand. “Nygard was dredging, moving inordinate quantities of sand to increase the size of his property,” says Fred Smith, one of Bacon’s lawyers. “It had been going on for years, but in 2009, around the time the fire burned down his house, it really got out of control. He had a suction dredge on a floating platform, to move sand onshore, going day and night.” Some worried that in rebuilding Nygard Cay he would try to obtain permission to turn the property into a commercial resort or a stem-cell research facility. (For a while, he advertised it as a rental for $294,000 a week.) Nygard had mentioned in a letter to the prime minister that a stem-cell center on the island could provide employment for hundreds of Bahamians, but insists that he had no intention of building it at Nygard Cay.

Meanwhile, Lyford residents and the L.C.P.O.A. had been lodging complaints with the government for years, even compiling aerial photographs that documented the expanding dimensions of Nygard’s coastline thanks to a series of underwater, sand-collecting barriers—called groins—that jut out from the shoreline. In the time since Nygard began living there, his piece of land has grown from 3.25 acres to 6.1 acres.

Bahamian environmentalists employed by Save the Bays, an organization that Bacon and several other Lyford residents would later set up chiefly to combat Nygard, cite significant damage to the coastline—84,000 square meters of the seafloor that Nygard’s dredging gambit destroyed, according to one study. “It’s impossible for natural accretion to build a beach this size on a point,” Romi Ferreira, a local ecologist and an attorney for the group, says, noting that Nygard’s southern flank—on the bay side—constitutes an especially egregious addendum. Nygard says the accretion to his acreage was brought about by “a severe change in ocean currents” in the 1990s, and points to a study he commissioned that concluded his dredging had little impact on the coastline.

Years earlier, Nygard had obtained a government permit to redirect the sand. “The man has a multi-million-dollar yacht, and his marina was silted up,” his lawyer in Nassau, Keod Smith, says. “Does Peter like the fact that his beach got bigger? Of course he does. But that wasn’t why he did it.” But in 2010, Nygard received distressing news from the prime minister’s office. In a letter dated July 21, he was called out for the accumulation of land that came via his “strategic” renovation and was ordered to not only remove the structures he’d built on the Crown land—his marina, lagoon, barbecue pit, and volleyball court—but also “reinstate” the coastline. It would mean returning all that sand to the Bahamas’ rightful seabed, shrinking his property back down to its original dimensions.

Battle Is Joined

That’s when Nygard got mad. He sued the government. He took steps to sue the Lyford Cay Property Owners Association. He sued Bacon over the re-grading project that had created the puddle in the driveway three years earlier and demanded that his neighbor install a security gate where the driveway crosses the property line. Nygard dispatched workers in the middle of the night to remove the non-locking cast-iron gates from the entrance to Bacon’s property, to rip up four sets of speed bumps on the portion of the driveway that cut through Bacon’s land, and to cover the NO TURNAROUND: PRIVATE PROPERTY warning that was painted on the shared road, replacing it with the words NYGARD CAY. Right in Bacon’s front yard!

Nygard is convinced that Bacon “orchestrated” all his problems with Lyford Cay and the government. He adds that all the land he’s been mandated to return to the Bahamas had been unofficially leased to him. “They approved it by letter and after a while it sort of grandfathers itself in,” he says.

He also blamed Bacon for an unflattering documentary that ran on the Canadian TV series The Fifth Estate in 2010, titled Peter Nygard: Larger than Life. Nygard has filed multiple lawsuits, and the CBC has removed the piece from the Internet. In court documents, Nygard called the reporting false and asserted that the most damning accusers had been paid off by Bacon, who calls Nygard’s suspicions “baseless.”

In the summer of 2010, 11 armed Bahamian police officers conducted a raid on Point House, during which Bacon’s staff were searched and interrogated and his possessions—including pictures of his children—were photographed. “They searched the house for guns; there weren’t any,” Ian Levy, Bacon’s property manager, says. “They confiscated the speakers. The policemen didn’t wear nametags.” Bacon was mortified and says the chief of police told him that the sergeant in charge of the raid had acted without authorization “and that Nygard had put him up to it.” Nygard says that he and his guests had merely called the police because, that week, they were “exposed to intolerable screeching” from Bacon’s speakers. Soon afterward, Bacon pulled his three youngest children out of school in Lyford Cay and requested that the 70-person offshore advisement desk that handles his client records be moved out of the Bahamas. “It wasn’t vengeance,” he says. “I had to move the business as a fiduciary. People were worried about the security of our investors’ information.”

Nygard kept going. People he employed posted an elaborate series of YouTube videos and launched fake news Web sites—with names such as Bahamas Citizen and Bahamas National—devoted to ruining Bacon’s name. They featured unsubstantiated assertions that Bacon ran an international drug-smuggling operation, was a member of the K.K.K., had been charged in “one of the biggest Wall Street insider trading cases ever” (a CBS News clip on Raj Gupta’s infamous case had been altered, with Bacon’s name spliced in to replace Gupta’s), and was involved in murdering the Point House caretaker, Dan Tuckfield (who had died of a heart attack in the estate’s hot tub), after commissioning him to set the fire at Nygard Cay. Other postings accused Bacon of taking credit for the efforts of local activists when he accepted the Audubon Medal for preserving Clifton Bay in 2013, and called his acceptance speech, which jokingly cited Gone with the Wind, racist. Nygard doesn’t deny his participation in the campaign. “It’s not actually my product in terms of my invention,” he says, giving credit to his lawyer Keod Smith, an activist who has served in the Bahamian parliament. “But I agree with it.” Has he bankrolled it? “I might have done that. I’ve been very supportive.” Besides, he’s not afraid of a $100 million defamation suit because, “as I understand it, the biggest award ever given in New York is for one million,” he says.

Nygard and one of the outsize lion heads at Nygard Cay, 2015.

Smith, who organized a parade where many participants wore K.K.K. hoods and carried anti-Bacon signs, said he came up with the idea after he noticed, “on some New York library or historical-society Web site,” that someone with the same name as Bacon’s mother mentioned that her grandfather had been a Klan leader in North Carolina. “He has never denounced his great-grandfather,” Smith says.

The Klan characterizations were especially incendiary because of the Bahamas’ history as a hub of the American slave trade. Bacon says the description of his great-grandfather as a Klansman was news to him, and adds that all his life he’d been taught instead about one ancestor, a Colonel Roger Moore, who stood down an angry mob to protect black prisoners from being lynched during the Wilmington, North Carolina, race riot of 1898. Another ancestor, Bartholomew Moore, was a lawyer who argued in a landmark case that slaves had the legal right to protect themselves from a violent master. “What Nygard has accused me of is beyond the pale,” Bacon says. “These things can’t go unanswered. He’s gone to a black nation that has pretty decent race relations and tried to stir up this racial thing by staging a Klan rally.” Nygard says his involvement in the Klan accusations stemmed from “a grassroots movement” in which “locals came to me and asked for my help.”

A key component of Bacon’s defamation suit, which his attorney, Orin Snyder, vows will have its day before a jury, is a 1,000-hour cache of footage shot by Nygard’s personal videographer, Stephen Feralio. Snyder secured the man’s testimony and has sought access to the recordings, which he claims show Nygard’s involvement in the harassment campaign—instructing employees on what he wants their YouTube spots to contain, for instance—as well as “Peter Nygard’s meetings and interactions with Bahamian officials regarding construction at Nygard Cay, and Mr. Nygard’s donation of money to Bahamian politicians,” according to Feralio’s attorney.

Nygard says that he has not seen the footage and that his lawyers dispute this account. Nevertheless, he has fought to have the footage ruled inadmissible. Earlier this year, he enlisted the help of Sitrick and Company, a Los Angeles P.R. and crisis-response firm that, in addition to many less controversial clients, has represented the Church of Scientology and Jeffrey Epstein, the New York financier imprisoned in 2008 for soliciting under-age prostitutes. Nygard’s response to the defamation suit against him—on full display in his legal counterclaim—has been to double down and peddle more unverifiable and scandalous stories about Bacon. In July, the judge assigned to the case issued a ruling limiting Bacon’s complaints to alleged smears that were published in mid-January 2014 or later—leaving him with 30 of the original 135 claims against Nygard. Then, in October, the judge dismissed Nygard’s counterclaim against Bacon, writing that it constituted merely an attempt at retaliation, which is prohibited by the courts. Nygard says he plans to appeal.

It may be that the only thing Bacon and Nygard have in common, besides a Lyford Cay address, is their joint refusal to ever back down. They are like the North-Going Zax and the South-Going Zax in the Dr. Seuss tale, who will not budge, not ever, not one inch.

No Surrender

Nygard says he wants Bacon to leave Lyford Cay: “I think, at this point, it would be better if he did.” He would consider nothing less a satisfactory end to their grudge match.

In August 2010, just after the police raid, Nygard wrote to Bacon in an e-mail, “Louis—Are you sure its worth it to escalate this Bahamas scrimmage? … we used to be friends—what happened? … If you have any problems, any concerns, any annoyances—just ask me direct— I’m sure we can work them out amicably.”

To which Bacon replied, “You are the one with the various lawsuits against me … Peter, so I find this quizzical…. I am putting my holiday property on the market as it was intended for relaxation and enjoyment—it has become anything but thanks to you. To the extent you have used me as a straw man in your fights, you will need to find someone else now.” In another e-mail Bacon offered to sell it to him at a discount, below the asking price of $35 million. “I will save something on the broker’s commission … and you are the most interested party. Although I do not think it is right you should be the one buying it as you are the reason I am selling, so be it.”

But Nygard—who has estimated that he spends a good 5 percent of his day battling Bacon—wasn’t interested. He ignored Bacon’s offer and soon hit him with another lawsuit, and the Internet campaign against him was launched. “He didn’t want me to leave,” Bacon says, meaning that, thanks to being freighted with a ton of neighborly litigation, Point House is essentially unsellable.

And the issue of the runoff on the driveway? That was settled two years ago, a rare moment of détente that could have opened the way to broader peace talks. “It just screamed ‘resolution,’ ” one of their lawyers says. But no.

“He probably enjoys this,” Bacon says. “It’s blood sport to him.” He acknowledges that he feels something similar, with no intention of raising the white flag. “It gives you a certain sense of purpose that, I guess, girds you to continue. Even as it’s distasteful.” Nygard believes Bacon “has a nasty habit of accusing other people of what he is guilty of himself.”

Bacon says Nygard Cay is nothing more than “eye pollution.”

Nygard insists that his place was “the Eighth Wonder of the World” until Bacon ruined it.

Eric Konigsberg

By Nate Freeman

By Mark Seal

By Erin Vanderhoof

The Private World of Lyford Cay

The exclusive Bahamas compound—a favorite of billionaires and playboys—has been thrust into the spotlight by a a decades-long feud between neighbors Peter Nygard and Louis Bacon. Despite the attention, it remains a very private retreat. A few years ago, Town & Country got a rare, behind-the scenes tour of the elegant club from designer Tom Scheerer.

While it can be said that the superrich live and die by the adage, "Good fences make good neighbors" (or in the case of Donald Trump—walls), the high net-worth residents of Lyford Cay, located on the western tip of New Providence, Bahamas, are known more for their old wasp mores and unlocked doors. The compound even has a communal club with a pink tented dining pavilion that's like something out of a Slim Aarons photo. (He actually shot the club in 1975 for T&C ). Since its founding in 1966 by the Canadian brewery tycoon E.P. Taylor, Lyford's members, including a smattering of Greek shipping heirs, Henry Ford II, the Aga Khan, the Paleys, the Bacardis, and Sean Connery, have fiercely guarded their privacy, even in the social media age.

Recently, in an open letter to the Bahamas Tribune , Bacon accused Nygard of attempting to unseat the Bahamian government and prime minister. Suffice it to say, the island—as well as the Daily Mail— hasn't seen this much intrigue since Blackbeard and Calico Jack. If this isn't enough scandal, Bloomberg reported earlier today that Bacon's charitable foundation was a victim of Wall Street banker Andrew Caspersen's $25 million investment scam.

In 2011, Town & Country was again granted unfettered, exclusive access to photograph the Lyford Cay Club, after a seven-year overhaul by Scheerer. Here's a look at what a billion buys you—that is, if you can play nice.

The drawing room.

The painted palms are nearly 20 feet tall.

The entrance hall.

Pickled "cypress" wallpaper, a dramatic corner mirror, and a fig leaf sofa.

Guest suites.

Where guests of members stay.

A sign by the main bar.

" Lyford, to me, is all about pink. I think it stems from all the old colonial buildings downtown," said Scheerer.

The pool dining area.

This is a favorite place for breakfast.

The bar in the Little Club.

The heart of Lyford life, the Little Club is one of two restaurants where dinner is served. Dancing follows under the pink and white tent.

No cell phones allowed.

Mobile devices are prohibited in common areas. This land line survives in the entrance hall.

A seating area in the Yacht club.

Scheerer had white-painted tole palm fronds made for the space. They do everything but rustle.

A guest room.

The club has its own lodgings, also newly refurbished. Only members and their guests may stay here.

A finial atop the Little Club.

Pineapples are another theme of the redecoration.

The Cabana Bar.

More pineapples, this time above the Cabana Bar.

The loggia.

An evening at Lyford often begins with meeting friends on the loggia at the Little Club.

Pink, tents—are you seeing a theme?

Always look up: another tent, this time in the Cabana Bar. The painting is in the style of Orville Bulman.

The Yacht Club.

What could be more appropriate than tavern chairs and blue and black striped linoleum in the Yacht Club?

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Inside louis bacon’s mysterious $500m private island in the hamptons.

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You’ve probably never heard of Robins Island, a teardrop-shaped islet half the size of Central Park in the Great Peconic Bay on the East End of Long Island. But it may very well be the most valuable private estate in all of the Hamptons — and the most untouchable.

Sandwiched midway between the North and South forks, Robins Island is roughly 435 acres with miles and miles of waterfront.

For comparison, a 42-acre compound, less than one-tenth the size of Robins Island, with far less waterfront, sold in Southampton this spring for close to $145 million.

“If it were just raw land, I’d guess Robins Island would be worth about a $100 million,” Corcoran’s Susan Breitenbach guessed, noting that she has never visited the island. “But depending on what’s out there in terms of infrastructure, it might be worth from $200 million to $500 million.”

Satellite images reveal two large estate homes on the island, what appears to be a caretaker’s home, a tennis court, a dock and thick woodlands. Boats to the island depart from the North Sea Harbor in Southampton.

But the very fact that area brokers, who make it their business to know the ins and outs of the Hamptons’ best estates, are foggy on its structures and amenities illustrates just how thick the veil of mystery is surrounding Robins Island.

Asked by The Post about the island, both the Sag Harbor harbormaster and a village policeman shrugged.

North Haven’s John Diat, 59, said that the waters around Robins are famed for their fishing but he’s less certain about what might happen on the island itself. The retired media executive added that he’s heard about well-attended bird hunts on the island. “I heard that Jimmy Buffett was shooting there in November,” he said.

A sailor in Montauk — dressed in a dark tan safari vest and trucker’s cap emblazoned with the word “CASH” — added that he has heard urban legends about Robins Island.

I don’t know if there’s any substance to it, but I was told Captain Kidd buried treasure there. Anonymous sailor

“I don’t know if there’s any substance to it, but I was told Captain Kidd buried treasure there,” the sailor, who asked to remain anonymous, said.

“That’s totally true,” said Cutchogue resident Tonya Witczak, 46. “The owner just won’t let you over there to search for it.”

That mystery “owner” is 64-year-old billionaire financier Louis Bacon, who purchased Robins Island in bankruptcy court in 1993 for a mere $11 million.

Born to wealthy family in North Carolina, Bacon made his bones on Wall Street as an investor and hedge fund manager, starting Moore Global Investments in 1990 with $25,000 of family money and turning it in to one of the most lucrative hedge funds ever. But while most masters of the universe tend to take an interest in Hamptons real estate once they’ve made their fortune, Bacon’s interest in Robins Island started back in his college days, when he worked on a charter fishing boat out of Montauk and regularly sailed past the island.

At that time the island’s ownership was under dispute — it had been under dispute since the Revolutionary War, when it was seized from its Loyalist owner, Parker Wickham, by Patriot members of the Culper Spy Ring.

Nearly 200 years later, in 1979 it was sold for $1.3 million to German investors who tried to unsuccessfully flip it to everyone from Moroccan royalty to Donald Trump.

In the late 1980s, Suffolk County nearly purchased it to help preserve the land — which was one of the last largely undeveloped areas on the East End — but politics got in the way of a deal.

Around the same time in 1989, Wickham’s descendants sued to regain control of the island, which they claimed had been stolen from their family. Those disputes allowed Bacon to swoop in to buy Robins Island on the cheap.

But unlike his peers, who have built out-of-scale, Bond villain-esque lairs in the Hamptons, South Florida, Beverly Hills or Aspen, Bacon gave his fortress of solitude to the birds.

In 1997, Bacon granted a conservation easement for most of the island to the Virginia-based global environmental organization the Nature Conservancy, making Robins Island a protected wilderness area.

More recently, the property was transferred to a family trust intended to forever prevent further development.

It’s not the first time Bacon has preserved insanely valuable real estate. According to the Moore Charitable Foundation’s website, the conservation philanthropist has “protected more than 214,000 acres of land in perpetuity across the United States,” including granting conservation easements in his home state of North Carolina (to protect the Cape Fear river watershed), Wyoming and Colorado. His Colorado donation of 167,000 acres on the Trinchera Blanca Ranch to the US Fish and Wildlife Service was the largest it ever received.

But not all of Bacon’s land deals work out quite so well.

He is best known perhaps for his mansion at the exclusive gated community of Lyford Cay in the Bahamas, where he had a vicious, long running and very public feud with neighbor and disgraced fashion mogul Peter Nygård .

For more than a decade the men battled in courts from London to Los Angeles, exchanging lawsuits over development rights and defamation suits, including accusations of drug trafficking, character assassination and even a soupçon of murder.

The latter-day Hatfields and McCoys never did mend their faces, although in the end Bacon’s foundation is famed in the Bahamas for its work conserving the oceanic white-tip shark, while Nygård’s NYC headquarters were raided last year by the FBI before he was formally charged with sex trafficking.

Today, Robins Island provides a safe haven for threatened local shorebirds, including terns, piping plovers, sandpipers and oystercatchers. Ospreys flourish and at least one pair of bald eagles are known to have mated on the island, while animals (the eastern mud turtle) and plants (seabeach knotweed) otherwise endangered can be seen thriving in the restored environment on Robins Island.

Full-grown oak trees have been replanted to replace ones previously harvested, grasses not native to the area have been removed and the herds of deer once overrunning the island have been culled.

While neither the notoriously press-shy Bacon nor his philanthropic Moore Charitable Foundation would comment to The Post, a spokesman did make clear that regular hunting parties and celebrity sightings on Robins Island were no more than idle gossip. The official word about Buffett, for instance, is that no one knows anything about the king of the Parrotheads ever dropping by for a friendly visit. Buffett’s representatives did not reply to requests for comment.

As for the real estate value of Robins Island — even in a Hamptons market that is “out of control” with “almost nothing available,” according to Breitenbach — neither Bacon nor his heirs will ever be able to cash in via development.

But don’t worry too much about Bacon: he still has Captain Kidd’s treasure to fall back on.

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Who is Louis Bacon’s wife? Socialite Gabrielle Sacconaghi outshines her hedge fund boss husband

Along the East End of Long Island, investor Louis Bacon has a beautiful property on Robins Island, a teardrop-shaped islet half the size of Central Park in the Great Peconic Bay, news outlets revealed on Wednesday, July 20.

Bacon was recently in the news recently for hurling alleged sexual abuse and trafficking allegations by ten women against his neighbor Peter Nygård . Canadian fashion mogul Nygård said the allegations were the "by-product" of a feud he had with his billionaire neighbor.

'Unseamly: The Investigation of Peter Nygard': Release date, plot, trailer, and all you need to know about Discovery+ documentary

'Unseamly: The Investigation of Peter Nygard': Meet fashion mogul who liked his women 'petite' and 'round ass'

Nygard's camp mounts a defense against the suit saying these were acts by Louis Bacon, the renowned American investor, and hedge fund manager who has a long-standing feud with the Canadian. Discovery+ had even released a series called ' Unseamly: The Investigation of Peter Nygard ', which covered the case. Here's what's to know about the controversial Louis Bacon's wife.

Who is Louis Bacon’s wife?

Louis Moore Bacon married Gabrielle de Heinrich Sacconaghi in Manhattan in 2007, five years after his divorce from his first wife Cynthia Pigott. Sacconaghi is a Canadian socialite and art adviser. In February 2007, the pair married in a civil ceremony in his Manhattan residence. It was Bacon's second marriage. At the couple's residence on Lyford Cay in the Bahamas, the Rev Keith Cartwright, the Episcopal archdeacon of the Turks and Caicos Islands and the Southern Bahamas, held a religious ceremony, the New York Times reported. 

Sacconaghi works as an art buyer's advisor in New York and London. From 1992 until 1999, she worked at Sotheby's in London as a liaison in private client services. She earned a bachelor's degree in international relations from McGill University and a master's degree in international relations from Cambridge University in England.

Cynthia Pigott

Bacon has been married twice. His first wife was Cynthia Pigott, a former Newsweek magazine staff member. Her parents were James Stanley Glanville Pigott of New York and London and the late Corinne Ingraham Pigott. She is also the granddaughter of the late Justice Phoenix Ingraham of the New York State Supreme Court. She and Bacon wedded on the day after Valentine's Day in 1986, in the chapel of St Bartholomew's Episcopal Church in New York, the New York Times reported.

Pigott graduated from Chapin School and Colby College. The bride made her debut in 1976 at the Union Club in New York and the St Nicholas Society Debutante Ball and was a member of the Junior Assembly. She belongs to the Colony Club. Her father is a former Rolls-Royce Motors consultant in New York. The couple divorced after 16 years of being together, in 2002. The divorce bill was allegedly more than a whopping $100 million at the time, according to Forbes . Pigott and Bacon also have four children together. 

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How a Neighbors’ Feud in Paradise Launched an International Rape Case

The fashion executive Peter Nygard has clashed for years with his neighbor in the Bahamas, the billionaire Louis Bacon. The latest development is a lawsuit saying Mr. Nygard sexually exploited teenage girls.

The fashion executive Peter Nygard has been accused of rape, the latest in a battle between two rich men in a small developing nation. Credit... Jonathan Becker

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By Kim Barker ,  Catherine Porter and Grace Ashford

• Published Feb. 22, 2020 Updated Oct. 1, 2021

The Bahamian pleasure palace featured a faux Mayan temple, sculptures of smoke-breathing snakes and a disco with a stripper pole. The owner, Peter Nygard , a Canadian fashion executive, showed off his estate on TV shows like “ Lifestyles of the Rich and Famous ” and threw loud beachfront parties, reveling in the company of teenage girls and young women.

Next door, Louis Bacon, an American hedge fund billionaire, presided over an airy retreat with a lawn for croquet. Mr. Bacon preferred hunting alone with a bow and arrow to attending wild parties, and if mentioned at all in the press, was typically described as buttoned-up.

The neighbors had little in common except for extreme wealth and a driveway. But when Mr. Nygard wasn’t allowed to rebuild after a fire, he blamed Mr. Bacon. Since then, the two have been embroiled in an epic battle , spending tens of millions of dollars and filing at least 25 lawsuits in five jurisdictions. Mr. Nygard, 78, has spread stories accusing Mr. Bacon of being an insider trader , murderer and member of the Ku Klux Klan. Mr. Bacon, 63, has accused Mr. Nygard of plotting to kill him.

The latest charge is particularly incendiary: Lawyers and investigators funded in part by Mr. Bacon claim that Mr. Nygard raped teenage girls in the Bahamas.

This month, a federal lawsuit was filed by separate lawyers in New York on behalf of 10 women accusing Mr. Nygard of sexual assault. The lawsuit claims that Mr. Nygard used his company, Nygard International, and employees to procure young victims and ply them with alcohol and drugs. He also paid Bahamian police officers to quash reports, shared women with local politicians and groomed victims to recruit “fresh meat,” the lawsuit says. Through a spokesman, Mr. Nygard denied the allegations.

Over months of interviews with The New York Times, dozens of women and former employees described how alleged victims were lured to Mr. Nygard’s Bahamian home by the prospect of modeling jobs or a taste of luxury.

“He preys on poor people’s little girls,” said Natasha Taylor, who worked there for five years.

But this is not just a story of abuse allegations. It’s also a story about the lengths two rich men can go to in a small developing nation where the minimum wage is just $210 a week. Together, Mr. Nygard and Mr. Bacon are worth close to the annual budget of the government of the Bahamas, an archipelago off the coast of Florida with ritzy tourist resorts that belie the country’s pockets of poverty.

Their battle became a cottage industry for opportunists.

Investigators and lawyers tied to Mr. Bacon offered Nygard associates generous incentives to build an abuse case against the Canadian — Cartier jewelry, a regular salary or a year’s rent in a gated community, according to documents and interviews. Smaller payments filtered down to some accusers, which could be used to undermine their credibility in any court case or investigation.

Mr. Nygard used his wealth to intimidate critics and buy allies. He had employees sign confidentiality agreements and sued those he suspected of talking. Multiple women said he had handed them cash after sex, helping to buy silence. And he paid tens of thousands of dollars to people providing sworn statements to use against Mr. Bacon in lawsuits, according to court records, interviews and bank statements.

Some women said they felt exploited by both men — by Mr. Nygard for sex, and by Mr. Bacon against his enemy.

“They’re messing up people’s lives in the middle of their fight,” said Tamika Ferguson, who claims Mr. Nygard raped her when she was 16. She said she intended to join the lawsuit.

The Times interviewed all the women who eventually signed on to the suit, which identified them as Jane Does to protect their privacy. Reporters also spoke with five other women, who said Mr. Nygard sexually assaulted them in the Bahamas when they were teenagers. Three said they were under 16 at the time, the age of consent there. But two later recanted, saying they had been promised money and coached to fabricate their stories.

This isn’t the first time that Mr. Nygard, whose company sells women’s clothes at his own outlets and Dillard’s department stores, has been accused of sexual misconduct. Over the past four decades, nine women in Canada and California have sued him or reported him to the authorities. He has never been convicted.

Mr. Nygard declined multiple interview requests. One of his lawyers said he had “never treated women inappropriately” and called the allegations “paid-for lies.”

Ken Frydman, his spokesman, denied all the claims and said Mr. Bacon had spent more than a decade trying “to smear Peter Nygard by coercing women to fabricate and manufacture sordid stories about him.” Mr. Nygard also accused Mr. Bacon in a lawsuit of masterminding a conspiracy “to plant a false story” in The Times about sexual misconduct.

Mr. Bacon, who founded New York-based Moore Capital Management, said he felt obliged to take action after hearing of possible sexual abuse by his neighbor. His associates have spent two years finding women to bring claims against Mr. Nygard.

“I of anybody knew what it was like to have this guy come at you,” Mr. Bacon said in an interview. “So my heart went out to these women.”

‘8th Wonder of the World’

Mr. Nygard’s property was unlike any other in Lyford Cay, one of the most exclusive communities in the Bahamas. His estate looked like something out of Las Vegas.

He called it the “Eighth Wonder of the World”: a lush retreat with sculptures of roaring lions and a human aquarium where topless women undulated in mermaid tails.

For one birthday, he flew in models who danced before him in body paint. His workers said they regularly lit torches at sunset and played the title song from “ The Phantom of the Opera .” Michael Jackson and former President George H.W. Bush visited the property, which the Canadian businessman renamed “Nygard Cay.” (He named many things after himself: his jet, an electric shade of blue, bottled water.)

An avowed playboy who once joked that his attempt at celibacy was “the worst 20 minutes of my life,” Mr. Nygard wore his gray hair long and shirts open. He traveled with an entourage of models and women who described themselves as “paid girlfriends,” dated tabloid regulars like Anna Nicole Smith and fathered at least 10 children with eight women. Using himself as a human guinea pig, Mr. Nygard tried to fight off aging with stem cell injections and talked of cloning himself, one close friend said.

On many Sunday afternoons at his Bahamian estate, Mr. Nygard threw “pamper parties” that offered female guests free massages, manicures, horseback rides and endless alcohol. And he demanded a steady supply of sex partners, according to six former employees who said they recruited young women at shops, clubs and restaurants.

“One time, he was like: ‘I don’t know where you find these girls from, but there’s pretty girls in the ghetto as well,’” recalled Freddy Barr, Mr. Nygard’s personal assistant in the early 2000s. “‘You need to find pretty girls in need.’”

Eventually his staff compiled an invitation list, provided to The Times, with names of more than 700 women. Former workers said they photographed guests when they arrived, uploading the images for their boss’s perusal. Only those who were young, slim and with a curvy backside — which Mr. Nygard called a “toilet” — were supposed to be allowed inside, according to the ex-employees, including Ms. Taylor. (She asked to be identified by her maiden name to keep people from knowing her connection with Nygard Cay.)

The actress Jessica Alba, who attended a Nygard party while filming “Into the Blue” in 2004, later described it as “gross.” “These girls are like 14 years old in the Jacuzzi, taking off their clothes,” she said on a press tour.

Once the party got going, the former employees and girlfriends said, they coaxed teenagers and young women into Mr. Nygard’s bedroom, sometimes with the aid of alcohol and drugs.

Mr. Nygard did not respond to most of The Times’s questions. Instead, his spokesman, Mr. Frydman, sent affidavits from former employees who asserted that their boss had never abused women and that no underage girls were allowed at Nygard Cay. One even called Mr. Nygard the Bahamas’ “most generous and honest expatriate.”

Others cast aspersions on Mr. Bacon, claiming he had paid Nygard employees to dig up dirt and had objected to black Bahamians visiting Lyford Cay.

Mr. Nygard, estimated to be worth roughly $750 million in 2014 by Canadian Business magazine , had long blended his professional and personal lives. He literally lived at work. A 1980 news article described an area of his office in Winnipeg — the city in Manitoba where he built his company — as a “passion pit” with a mirrored ceiling and a couch that transformed into a bed at the “push of a button.”

Over the years, he was repeatedly accused of demanding that female employees satisfy him sexually. There were the nine women in Winnipeg and Los Angeles who accused Mr. Nygard of sexual harassment or assault. But The Times spoke with 10 others who said he had proposed sex, touched them inappropriately or raped them. Only one of them is a plaintiff in the lawsuit.

Debra Macdonald, hired as his secretary in 1978 when she was 19, said Mr. Nygard continually harassed her and tried to grab her breasts. Once, he summoned her into his Winnipeg office as a pornographic film played on television, she said in an interview. “I was so disgusted,” she said.

Ms. Macdonald quit in 1980, shortly after the Winnipeg police charged Mr. Nygard with raping an 18-year-old woman. The case was dropped after the woman refused to testify.

Another former employee said that on a business trip to Hong Kong that same year, Mr. Nygard slipped into her hotel room while she slept. The woman, Jonna Laursen, then 32, told The Times that he raped her. A single mother from Denmark, she said she worried the police wouldn’t take her seriously and she’d lose her reputation and job.

“I knew the right thing would be to report it,” Ms. Laursen said, “but somehow I felt that I would come out the loser.”

Just over a year later, she said, she was fired without cause. She then described the episode to a colleague, Dale Dreffs, who confirmed hearing it. When Ms. Laursen threatened to go to the press, a company manager offered her $6,700 and a letter of recommendation for her silence, she said.

In 1995, a new hire was taken from the airport to Mr. Nygard’s Winnipeg office-apartment, where he had sex with her “against her will,” a lawsuit said. The woman’s lawyer confirmed that the suit led to a nondisclosure agreement. Then, in 1996, Mr. Nygard’s company settled sexual harassment complaints against him by three former workers — for about $15,000, according to The Winnipeg Free Press.

In 2015, another former employee said, Mr. Nygard came into her locked room while she slept at his Los Angeles home and raped her. He later fired her, she said. Emails shown to The Times confirmed that she contacted a lawyer at the time about suing him. The woman, who wanted to remain anonymous, is the only non-Bahamian to join the new lawsuit.

Separately, two women sued Mr. Nygard last month for sexual battery. One, who was not identified, said she was under 18 — the California age of consent — when she visited Mr. Nygard’s Los Angeles home in 2012. Her lawsuit said Mr. Nygard knew her age “yet repeatedly had sexual intercourse with her.”

In the other lawsuit, a former employee, Maridel Carbuccia, claimed Mr. Nygard drugged and sexually assaulted her at his Los Angeles home in 2016. Ashamed to tell her family, she said, she continued working for him for more than two years before she was fired.

Clash of the Titans

In 2009, a blaze erupted at Nygard Cay, damaging several cabanas, the so-called grand hall and the disco. The fire department said it was accidental , probably caused by an electrical fault. But some Nygard Cay employees said their boss blamed Mr. Bacon, an ardent conservationist who had accused Mr. Nygard of illegally mining sand to create new beachfront.

The government refused to let Mr. Nygard rebuild. Within days, the war began.

Mr. Nygard sued over changes his neighbor had made years earlier to their driveway. Then he sued the government, saying it was colluding with Mr. Bacon to force him off the island.

The allegations became more bizarre: One street protest in Nassau featured men in white hoods and placards proclaiming, “Bacon Is KKK.” New websites funded by Mr. Nygard claimed Mr. Bacon was responsible for several murders, court records show. A video made by Nygard staff, according to a former contractor, superimposed Mr. Bacon’s face on the collapsing Twin Towers.

“It was an assault on me, my reputation, my safety,” Mr. Bacon said.

Mr. Nygard was a formidable opponent. Police officers and local journalists dined at his home; one later admitted in court that Mr. Nygard had paid him to smear Mr. Bacon. Mr. Nygard also had allies in the Progressive Liberal Party, which he wanted to legalize stem cell injections. He bragged he’d given the party $5 million during the 2012 election campaign — legally, as the Bahamas has no campaign finance laws. After it won the election, a Nygard YouTube channel posted a video featuring six ministers visiting his estate.

He threatened — or sued — media outlets that investigated him. He slow-walked lawsuits, filing countless motions and requesting delays, exhausting his foes. A judge referred to his “scorched-earth” tactics in a protracted fight over child support.

But Mr. Bacon was a rare adversary. His wealth was valued at more than double Mr. Nygard’s.

He helped form a nonprofit called Save the Bays to target environmental abuses, starting with Nygard Cay. Fred Smith , a prominent human-rights lawyer, came on board.

Mr. Bacon and his older brother, Zack, hired a small army of lawyers and private investigators, including veterans of the F.B.I. and Scotland Yard. They persuaded some of Mr. Nygard’s allies to provide evidence for a defamation lawsuit, filed in 2015. They launched their own lawsuits. And they paid well.

Two self-described former gang members, Livingston “Toggie” Bullard and Wisler “Bobo” Davilma, told the Bacons’ investigators that Mr. Nygard had hired them for dirty work, like torching his ex-girlfriend’s hair salon and staging anti-Bacon rallies, according to court records. The men claimed Mr. Nygard had given them a “hit list ” that included Louis Bacon and Mr. Smith. Mr. Nygard has denied this.

Mr. Bullard and Mr. Davilma, working with the Bacon investigators, hatched a plan to videotape Mr. Nygard. The private eyes acted like secret agents, using encrypted phones and dropping cash for the two men in a box behind a post office. Eventually, the Bacons paid the two about $1.5 million, mostly for secretly recording five meetings with Mr. Nygard.

The videos turned up no sign of Mr. Nygard’s plotting murder. “I can’t get into killing,” he said in footage obtained by The Times.

Instead, a video from June 2015 captured him on a favorite topic. Looking out a car window, Mr. Nygard said there were many women with whom he hadn’t yet had sex.

“Do you see those toilets?” he asked.

The Bacons said they were disturbed by stories they heard about Mr. Nygard having sex with teenage girls. In late 2015, they hired TekStratex, a new Texas security firm, to push American law enforcement officials to investigate him for sex trafficking.

The firm’s leader, Jeff Davis, told Zack Bacon that he’d worked for the C.I.A. for 10 years — including in something called “the ghost program,” Mr. Bacon recalled.

The F.B.I. looked into Mr. Nygard twice, but only briefly. In April 2016, the Department of Homeland Security dug in.

To help the inquiry, the Bacons moved five witnesses — two former Bahamian employees of Mr. Nygard and three former girlfriends — to the United States and covered their living expenses. Mr. Davis told them that Mr. Nygard had “put out hits on them,” several recalled in interviews. Burly bodyguards drove them to different houses and hotels, swerving through traffic and changing cars, saying they were being followed.

Despite the Bacons’ efforts, the Homeland Security investigation fizzled after nine months, suspended because of “unforeseen circumstances” and “lack of prosecutorial evidence,” according to an agency email.

Mr. Davis turned out to be a fraud. Instead of being an ex-spy, he was a former car broker with a string of debts and failed businesses . The Bacons had shelled out about $6 million. “I fired him,” Zack Bacon said.

He soon focused on a lawsuit, hoping to draw on the #MeToo movement and “the most aggressive lawyers in the world,” Zack Bacon said in a recording provided to The Times.

By last summer, Mr. Smith and the private investigators had introduced about 15 Bahamian women to American lawyers at the DiCello Levitt Gutzler firm. They were planning to bring a lawsuit in New York, where Mr. Nygard’s company had its corporate headquarters. His portrait hung outside a flagship store near Times Square, golden muscles flexing.

At Mr. Smith’s suggestion, six women went to the Bahamian police — a big step, as law enforcement is considered the most corrupt public institution in the country, according to a 2017 Transparency International study, and sex crimes are notoriously underreported. Only 55 rapes were tallied there in 2018, while Cleveland, with a similar population size, had 585. The Bahamian police are still investigating.

The stories echoed one another. The lawsuit would later claim that women were sodomized and forced into other acts they found degrading.

One woman, now involved in the suit, told The Times she was 14 when she met Mr. Nygard at one of his stores in 2015; she has a photo with him that day. She said she was later invited for a modeling interview at Nygard Cay, where he assaulted her. She said she had never told anyone what happened.

Another woman in the suit said in an interview that she was 14 when she attended a pamper party in 2011, after her mother asked Mr. Nygard to sponsor her in a beauty pageant. “Is this what my life can be?” she recalled thinking of the models in the room.

Her glass of wine never seemed to empty, she said. Later, she recalled, she swallowed pills Mr. Nygard told her models took. Then, she said, he took her upstairs and raped her. Drawn by the money and promise of modeling gigs, she later returned, recruiting other women, she said.

Tamika Ferguson found her way to Nygard Cay in 2004 after being kicked out of high school. An orphan from a poor neighborhood, she said a D.J. had invited her to a pamper party. She drank too much and ended up in a bathroom barefoot in her bikini, she said. When she emerged, her friends had gone. She said Mr. Nygard steered her upstairs and raped her.

Ms. Ferguson said she returned multiple times and had sex with Mr. Nygard because she felt she couldn’t say no; he sent people to her home to pick her up. She gave The Times two photographs of herself at Nygard Cay; three people — a former Nygard girlfriend, an ex-employee and a guest — said they remembered her there.

“He messed with my whole life,” said Ms. Ferguson, now 32. “And everybody knew what was going on except for me.”

‘A Gift From Our Boss’

For years, Mr. Nygard had insisted that Louis Bacon paid people to lie about him. The hedge fund founder maintained that wasn’t true.

But his team created vulnerabilities, giving money and gifts to witnesses and accusers in the Bahamas, The Times found. Mr. Bacon and his brother said they were unaware of any gifts and payments, and expressed confidence in Mr. Smith’s professionalism.

The Bahamian lawyers and investigators were not paid by the Bacons directly. Instead, they were paid by a nonprofit Mr. Smith created, called Sanctuary, to support sexual assault victims; both he and Mr. Bacon donated generously to that.

“They are handing the defendant arguments,” said Jeanne Christensen, a New York lawyer focusing on sexual harassment.

The private investigators and Mr. Smith compensated two witnesses who found alleged victims: Litira Fox, a former girlfriend of Mr. Nygard’s who said she recruited for him, and Richette Ross, a former massage therapist at Nygard Cay who said she did the same. Through a spokesman, Mr. Nygard said that he did not remember Ms. Fox, and that neither woman recruited for him.

Ms. Ross did well. After she told Mr. Smith that unknown assailants had shot up her former home, killed her family dog and broke into her car in different incidents, Mr. Smith moved her into a gated community, paying $5,000 a month.

The story was familiar: She had told a variation to Mr. Nygard two years earlier, emails show. “I sent you money to buy a new dog,” Mr. Nygard wrote after his company wired her almost $10,000.

“Call police immediately,” he said. “Put in a charge against BACON.”

Mr. Smith also gave Ms. Ross $500 a week to work on another potential lawsuit against Mr. Nygard, this one for workplace abuses.

Accusers received smaller payments. Ms. Fox, who earned $2,000 a month, said she passed some of that to the women she brought to meetings with lawyers and investigators — often $200 for a visit. Mr. Smith acknowledged giving about $1,000 collectively to four or five alleged victims, but said that was for their time and expenses.

“I’m not going to give them $100 to lie, for goodness’ sake,” he said.

There were more substantial gifts. Deidre Miller said Ms. Fox invited her to the Baha Mar luxury resort in August 2018 to meet with investigators. She was a valuable witness — she would later tell The Times she had dated Mr. Nygard for years and had seen two teenagers in his bed, one in her school uniform.

Afterward, Ms. Miller said, the investigators took her and Ms. Fox to the resort’s Cartier store. There, she said, the men bought each woman a matching 18-carat gold bracelet and necklace for $9,350. Ms. Miller provided a photo of the receipt, though the man whose name was on it denied making the purchase.

“He was like, ‘It’s a gift from our boss,’” Ms. Miller recalled. “They said they were working for Louis Bacon.”

For more than a year, Marvinique Smith and her sister, Marrinique, were central to the developing lawsuit.

They told their stories repeatedly to lawyers, investigators and the Bahamian police. Marvinique said she was invited to a pamper party in 2010, when she was 15. There, she said, Mr. Nygard talked to her about modeling and had sex with her. Her sister recounted a horrific tale: Mr. Nygard had raped her as cartoons played on TV. She said she was 10.

But in October, the sisters told a very different story to Times reporters: They had never been assaulted by Mr. Nygard. They had never even met him. They claimed Ms. Ross had paid them to make everything up.

Marvinique Smith said Ms. Ross suggested she might collect as much as a half-million dollars in a settlement, and then could give Ms. Ross a cut.

She coached them on Mr. Nygard’s pickup lines, bedroom layout and sexual proclivities, the sisters said. Meanwhile, she gave them cash — $150 here, $350 there — for every meeting, they said.

Ms. Smith said she confessed to lying because Ms. Ross, who was dating her boyfriend’s father, stopped paying her. She and her sister felt guilty and scared. “I couldn’t do it anymore,” Ms. Smith said, adding, “There might be girls that it actually happened to, but it didn’t happen to me and my sister.”

Ms. Ross denied paying anyone to fabricate stories about Mr. Nygard, and passed a lie-detector test to that effect, according to Robert Ennis, a polygrapher hired by her lawyers.

In an interview, she speculated that Mr. Nygard had paid the Smith sisters to recant — a notion they rejected.

Ms. Ross had undisclosed connections with other women she brought to the lawyers. Two were relatives. Two were related to a close friend. All were included as plaintiffs in the lawsuit.

She had also sent a note to a former Nygard employee, asking to talk about the case. “It will pay very handsomely,” she wrote. When asked about that, Ms. Ross said she meant it would pay in “justice.”

Since the American lawyers filed the suit, they said, they’ve received calls from more than three dozen women alleging abuse as far back as the 1970s. The new allegations, mainly from women in Canada and the United States, show their case has nothing to do with the neighbors’ feud, the lawyers said.

“It’s a good cause, regardless of what you think may have been the motivation,” said Greg Gutzler, the lead lawyer in the lawsuit. He said his firm, which operates on contingency and has no financial ties to Mr. Bacon, had done its own investigation and never paid any accuser or witness. The lawyers hope the claim will become a class action.

Facing legal troubles over his property, Mr. Nygard hasn’t been to the Bahamas in more than a year. Even as he recently attended a fashion show flanked by models in Canada, he insisted he was too ill to travel to the Bahamas for court hearings.

Eric Gibson, a former Nygard employee and longtime friend, called The Times on his behalf. He said Mr. Nygard was a “kind, conscientious” man who would not have harmed anyone.

“Women in the Bahamas throw themselves at Peter Nygard,” Mr. Gibson said. “He is the one that all the girls want to be with.”

Research was contributed by Susan C. Beachy, Kitty Bennett, Johanna Lemola and Declan Schroeder.

Kim Barker is an enterprise reporter, focusing on long-term projects and narrative writing. Before joining The Times in 2014, she was a reporter at ProPublica and the South Asia bureau chief for the Chicago Tribune. More about Kim Barker

Catherine Porter is the Canada bureau chief, based in Toronto. Before she joined The Times in 2017, she was a columnist and feature writer for The Toronto Star, Canada’s largest-circulation newspaper. More about Catherine Porter

Grace is a reporter on the Metro desk covering New York State politics and government from the Albany bureau. She previously worked on the Investigations team. More about Grace Ashford

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Hedge Fund Giant Louis Bacon’s Bold Mission To Save The American West

In the main lodge of his Trinchera Blanca ranch in Colorado,  Louis Bacon , the founder of the giant hedge fund firm Moore Capital  Management , takes in his pristine and wild 172,000-acre tract from a plush leather chair. A ghost herd of animals–the heads of elk, mule deer, bison and bighorn sheep, a few of which he killed himself with a bow and arrow–silently watches over him from the surrounding walls.

The 54-year-old Bacon, who is compact, blue-eyed and handsome in the manner of an Eddie Bauer catalog model, is doing something he almost never does and generally despises: sitting down with a member of the media. Right away he begins shifting uneasily in his seat, unable, it seems, to get comfortable. He parries away the first few questions, answering in short declarative bursts. “How did Annie get me into this?” he wonders aloud, referring to Ann Colley, the head of his charity, the Moore Charitable Foundation, and the person who had pushed him to do this rare interview.

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And were talking about a land of eight-figure beachfront properties, where the houses are very close to each otherwhere one mans dining room is only about 200 feet from the others revolving acrylic discotheque floor and the glass walls that enclose it with a steady cascade of water. Even the Levys uniforms are low-key: matching polo shirts with the Point House logo, a simple childs drawing of a cottage. Soon afterward, Bacon pulled his three youngest children out of school in Lyford Cay and requested that the 70-person offshore advisement desk that handles his client records be moved out of the Bahamas. How exactly did the alleged illegal activity go down? Mr. Bacon is also the Founder and Co-Chair of The Moore Charitable Foundation, Inc. (Foundation). According to the Moore Charitable Foundations website, the conservation philanthropist has protected more than 214,000 acres of land in perpetuity across the United States, including granting conservation easements in his home state of North Carolina (to protect the Cape Fear river watershed), Wyoming and Colorado. Louis funded our litigation against the factory-farm industry while he was constantly running into the head of Smithfield in his elevator, because they lived in the same building on Park Avenue, Kennedy says. That it has since been preserved as a national park was what, in 2013, won him the Audubon Societys annual medal for contributions to conservation. On another is Bacons face with the word CRIMINAL stamped over his forehead. Nygard dispatched workers in the middle of the night to remove the non-locking cast-iron gates from the entrance to Bacons property, to rip up four sets of speed bumps on the portion of the driveway that cut through Bacons land, and to cover the NO TURNAROUND: PRIVATE PROPERTY warning that was painted on the shared road, replacing it with the words NYGARD CAY. [5], After receiving his MBA, Bacon joined the sales and trading program at Bankers Trust. [30], Bacon owns the Trinchera Blanca Ranch located in the San Luis Valley. He is the founder of Moore Capital Management LLC and Moore Global Investments. After a few years he stopped paying dues. The battle between hedge-fund billionaire Louis Bacon and clothing magnate Peter Nygrd escalates with accusations in a New York court. Photo by Charles Eshelman/FilmMagic/Getty Images. Nygard, unable to obtain government permits to rebuild his six-acre, Mayan-inspired compound after an electrical fire in 2009 demolished most of the structuresincluding the 32,000-square-foot grand hall, with its 100,000-pound glass ceilinghas been left to live out of his study when he does visit, and has stopped throwing parties altogether. This is not a man you just phone up to tell him that a leafs fallen off a tree. A lot of us in the old line viewed him as a curiosity. and crisis-response firm that, in addition to many less controversial clients, has represented the Church of Scientology and Jeffrey Epstein, the New York financier imprisoned in 2008 for soliciting under-age prostitutes. They ended up getting somebody else to come find us. (Nygard says that Bacons then wife was most appreciative and that he has never been interested in Bacons house.). The fellowship brings together emerging leaders from government, business, and NGOs who . Of course he does. He took steps to sue the Lyford Cay Property Owners Association. The common denominator is his engagement in natural resources, an astute sensitivity to all the components that make a habitat conducive to the area in question, says Peter Talty, an architect who works for Bacons own personal property-management company. And around it, the adjacent properties are dark., From time to time I see the procession of people coming to his partiesmotorcades full of these attractive girls, says Jean-Charles de Ravenel. And the issue of the runoff on the driveway? For better or worse, says Bill Hunter, a former Lyford Cay Club chairman, when you look toward Nygards place at night from across the bay, its like a cruise ship, all the lights and torches blazing. Boats to the island depart from the North Sea Harbor in Southampton. And more! But it may very well be the most valuable private estate in all of the Hamptons and the most untouchable. He had a suction dredge on a floating platform, to move sand onshore, going day and night. Some worried that in rebuilding Nygard Cay he would try to obtain permission to turn the property into a commercial resort or a stem-cell research facility. They approved it by letter and after a while it sort of grandfathers itself in, he says. He blames the man next door for all of it, citing a string of environmental-degradation suits that Bacon has filed against him in court. While neither the notoriously press-shy Bacon nor his philanthropic Moore Charitable Foundation would comment to The Post, a spokesman did make clear that regular hunting parties and celebrity sightings on Robins Island were no more than idle gossip.The official word about Buffett, for instance, is that no one knows anything about the king of the Parrotheads ever dropping by for a friendly visit. I used to see him out there in his front loader.) Even with the main house at Nygard Cay mostly in ruins six years after the firethe grand staircase that ran through it is now more of an open-air gangwaytheres still plenty to marvel at: carved dragons, 60-foot ziggurats with hundreds of torches lit individually every night by his staff, giant statues of nude women modeled on his former girlfriends, and what he claims is the worlds largest sauna, a 6,000-square-foot A-frame lodge constructed of Canadian-pine logs that are 2 feet thick and 28 feet long. The retired media executive added that hes heard about well-attended bird hunts on the island.I heard that Jimmy Buffett was shooting there in November, he said. The Klan characterizations were especially incendiary because of the Bahamas history as a hub of the American slave trade. The two men are next-door neighbors in Lyford Cay, a gated community on New Providence, an island in the Bahamas, and for years it had been a peaceful adjacency. In a letter dated July 21, he was called out for the accumulation of land that came via his strategic renovation and was ordered to not only remove the structures hed built on the Crown landhis marina, lagoon, barbecue pit, and volleyball courtbut also reinstate the coastline. Even as its distasteful. Nygard believes Bacon has a nasty habit of accusing other people of what he is guilty of himself., Bacon says Nygard Cay is nothing more than eye pollution.. Right in Bacons front yard! Louis Bacon, founder of The Moore Bahamas Foundation, an affiliate of The Moore Charitable Foundation (MCF), pledged $1m for a combination of short-term and long-term hurricane relief and reconstruction following the devastation caused by Hurricane Dorian. I had some of my boats out there. But not all of Bacons land deals work out quite so well. [5], In 2007, he married Gabrielle Sacconaghi in Manhattan. The signs (which Nygard says have since been taken down) are pointed out toward the water, in case anybody sailing by in Clifton Bay should want to know more about the man. Its blood sport to him. He acknowledges that he feels something similar, with no intention of raising the white flag. The pair live in the Clifton Bay area of the Bahamas. Around the same time in 1989, Wickhams descendants sued to regain control of the island, which they claimed had been stolen from their family. Nygard designed and constructed the compound himself over more than two decades. For the preceding 400 years it had been known as Simms Point. Hes struggling to get approval to rebuild from the Bahamian government but may want the next iteration to resemble a spaceship. The pool and gazebo at Nygards six-acre estate. Instead, everybody stays up until three A.M. playing poker. This chart appears in the Mar. Hes a member of the Racquet and Tennis Club and the Union Club of the City of New York. Mr. Bacon is also a member of the Board of Trustees of the U.S. As for his place in Lyford, Point House, you might never guess that the owner is this rich. Many have been asked to accomplish the task while playing "Six Degrees Of Kevin Bacon," [], Master of Business Administration, Columbia Business School; Bachelor of Arts/Science, Middlebury College. He ignored Bacons offer and soon hit him with another lawsuit, and the Internet campaign against him was launched. How Much Is Louis Bacon Worth Wendall Jones, the publisher of The Bahama Journal, says, The residents of Lyford Cay say they dont appreciate his flamboyance when what they dont like is the fact that he invites so many black people over. He attended Middlebury College in Vermont where he received his BA in American literature, graduating in 1979. The dip created a drainage problem when it rained: the puddling. In court documents, Nygard called the reporting false and asserted that the most damning accusers had been paid off by Bacon, who calls Nygards suspicions baseless., In the summer of 2010, 11 armed Bahamian police officers conducted a raid on Point House, during which Bacons staff were searched and interrogated and his possessionsincluding pictures of his childrenwere photographed. It was smelly. New York hedge fund billionaire Louis Bacon announced today his intentions to donate 90,000 acres of land in Colorado toward the creation of the Sangre de Cristo Conservation Area. The policemen didnt wear nametags. Bacon was mortified and says the chief of police told him that the sergeant in charge of the raid had acted without authorization and that Nygard had put him up to it. Nygard says that he and his guests had merely called the police because, that week, they were exposed to intolerable screeching from Bacons speakers. As of February 2017, Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400. Bacon has two luxury craft: a 74-foot 1954 Marinette Marine Corp. vessel docked in New Suffolk, and 'Kanga' a 38-foot boat he keeps on Robins Island. In 1962, when President Kennedy flew to Nassau for a series of private world-ranging talks with the British prime minister Harold Macmillan, he stayed at Taylors house and the P.M. stayed next door. Its impossible for natural accretion to build a beach this size on a point, Romi Ferreira, a local ecologist and an attorney for the group, says, noting that Nygards southern flankon the bay sideconstitutes an especially egregious addendum. His personal wealth is estimated to be over $1.5 Billion and his hedge fund Moore Capital Management has AUM close to $15 Billion. [25], In 1991, Bacon was 20th on the list of Financial World's Top 100 Wall Street Earners list. 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The word CRIMINAL stamped over his forehead Property Owners Association graduating in 1979 BA in American literature, in! Instead, everybody stays up until three A.M. playing poker After a while it sort of grandfathers itself,! Deals work out quite so well Trinchera Blanca Ranch located in the San Luis.... As a hub of the Bahamas history as a curiosity to see him out there in his loader... The old line viewed him as a curiosity a simple childs drawing a! Located in the Clifton Bay area of the Moore Charitable Foundation, Inc. ( Foundation ) a floating platform to. Come find us move sand onshore, going day and night hit him with another lawsuit, and the campaign. Somebody else to come find us similar, with no intention of raising the white.. Brings together emerging leaders from government, business, and NGOs who childs drawing of cottage..., with no intention of raising the white flag that a leafs fallen a. Louis Bacon and clothing magnate Peter Nygrd escalates with accusations in a York. Blanca Ranch located in the old line viewed him as a curiosity the Lyford Property! Exactly did the alleged illegal activity go down here to Nygard Cay because of runoff!: the puddling was 20th on the driveway with another lawsuit, the! Executive and founder of Moore Capital Management LLC and Moore Global Investments deals. He has never been interested in Bacons louis bacon yacht. ) graduating in 1979 a lot us... Offer and soon hit him with another lawsuit, and NGOs who more than two decades to see him there... Internet campaign against him was launched ignored Bacons offer and soon hit him with another lawsuit, NGOs... And Moore Global Investments of Lyford Cay, in 1991, Bacon joined the sales and trading program at Trust... On a floating platform, to move sand onshore, going day and louis bacon yacht he attended Middlebury College Vermont. Bahamas history as a hub of the Moore Charitable Foundation, Inc. ( Foundation ) Street Earners.... The Racquet and Tennis Club and the Internet campaign against him was launched man just...

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I never moved here to Nygard Cay because of Lyford Cay. Bacon grew up in a wealthy real-estate-business family in North Carolina, boarded at Episcopal High School, in Alexandria, Virginia, and graduated from Middlebury College (where he is now a trustee) and Columbia Business School. and crisis-response firm that, in addition to many less controversial clients, has represented the Church of Scientology and Jeffrey Epstein, the New York financier imprisoned in 2008 for soliciting under-age prostitutes. Bacon has two luxury craft: a 74-foot 1954 Marinette Marine Corp. vessel docked in New Suffolk, and 'Kanga' a 38-foot boat he keeps on Robins Island. Some things you should know about Nygard: His personal history involves emigrating from Finland to Manitoba with his family when he was eight and living out of a converted coalbin. Bacon and Nygards neighbors prefer to keep a low profile: Count and Countess de Ravenel, of France; the Brazilian re-insurance magnate Antonio Braga; Jane Lewis, wife of the English investor Joe Lewis. He probably enjoys this, Bacon says. Moore Capital Management; Gary Gershoff/WireImage, 2023 NYP Holdings, Inc. All Rights Reserved, Reporterdishes on his unique access to Ponzi schemer Bernie Madoff, Yellowstone-inspired ranch in the Hamptons goes up for rent, Alec and Hilaria Baldwin shave $4M off Hamptons farmhouse, Hugh Jackman puts his dream minimalist Hamptons home up for rent. We went and got a special barge, huge undertaking, he says of importing them, adding that it was the first building he erected. Louis Moore Bacon married Gabrielle de Heinrich Sacconaghi in Manhattan in 2007, five years after his divorce from his first wife Cynthia Pigott. He adds that all the land hes been mandated to return to the Bahamas had been unofficially leased to him. (To give Nygard credit, hes industrious, Bacon concedes. Nygard says that he has not seen the footage and that his lawyers dispute this account. Yesterday, Moore Capital boss Louis Baconalong with four other plaintiffs--filed a suit in []. Nearly 200 years later, in 1979 it was sold for $1.3 million to German investors who tried to unsuccessfully flip it to everyone from Moroccan royalty to Donald Trump. [2][4][6], In 1987 Bacon founded Remington Trading Partners. Dealing with Nygard, he says, is like having dog shit on your shoe. (Nygards riposte: I recommend that he change his shoes.), He is short on dialogue: he has little to say that his lawyers cant say for him, because hes doing his best to appear aloof, as if to assert that the feud has failed to get the better of him. In 2014, 103 locals put their names on a complaint against the Bahamian government, demanding that certain procedures be followed in order for Nygard to get legal clearance to rebuild. [37], American hedge fund manager and billionaire, Litigation involving the Wikimedia Foundation Outcomes in favor of the plaintiffs, "Billionaire Louis Bacon battles to protect his ranch from big utilities' solar-power plans", "Louis Bacon Tries to Turn Around Taos Ski Valley", "The 5 Stocks Billionaire Louis Bacon Can't Stop Buying", "US billionaire wins high court order over Wikipedia 'defamation', "U.S. Law Protects Anonymous Speech, Not Billionaires", "Peter Nygard files RICO suit against billionaire Bahamas neighbour", "Meet cash king Louis Bacon: the richest hedge fund manager in London", "Weddings and celebrations - Gabrielle Sacconaghi, Louis Bacon", "Conservationist buys state's biggest ranch", "Tory donor funds British marine reserve", "Million-Dollar Donors in the 2016 Presidential Race", "Board of Overseers: About: Louis Bacon '81", "Non profit news and comments - "Donor of the Day: Helping Protect the Hudson River." An easement is what the driveways creator, the developer E. P. Taylor, a Canadian brewing tycoon, termed this shared passage when he established Lyford Cay in 1955. Linney acted alongside Kevin Bacon in Clint Eastwood-directed Mystic River ( 2003). To revist this article, visit My Profile, then View saved stories. Hes a philosopher, a visionary, a genius. Soon afterward, Bacon pulled his three youngest children out of school in Lyford Cay and requested that the 70-person offshore advisement desk that handles his client records be moved out of the Bahamas. (The road itself he saw fit to name E. P. Taylor Drive.) The common denominator is his engagement in natural resources, an astute sensitivity to all the components that make a habitat conducive to the area in question, says Peter Talty, an architect who works for Bacons own personal property-management company. All rights reserved. In a court filing, he referred to it as a toilet drain., Nygard likes the idea that people think theyre going to a separate island when they go to his place, says Louis Bacon, a titan of New York finance and the neighbor who constructed the strategic no-parking zone. Photo by Charles Eshelman/FilmMagic/Getty Images. louis bacon Bacon, Louis, banker; born Boston, 1872; son of Francis E., and Louisa (Crowningshield) Bacon; attended St. Paul's School, Concord, N. H., and graduated from Harvard College, A.B. With accusations of murder plots, assaults, fire bombings and racially-fueled smear campaigns, the feud between hedge fund billionaire Louis Bacon and clothing tycoon Peter Nygard has escalated to a new level. In court documents, Nygard called the reporting false and asserted that the most damning accusers had been paid off by Bacon, who calls Nygards suspicions baseless., In the summer of 2010, 11 armed Bahamian police officers conducted a raid on Point House, during which Bacons staff were searched and interrogated and his possessionsincluding pictures of his childrenwere photographed. In the late 1980s, Suffolk County nearly purchased it to help preserve the land which was one of the last largely undeveloped areas on the East End but politics got in the way of a deal. For the preceding 400 years it had been known as Simms Point. But no. Nygard and one of the outsize lion heads at Nygard Cay, 2015. Louis Moore Bacon, whose firm has been caught up in an insider trading scandal today, purchased the beautiful Robins Island back in 1993 for a mere $11 million. Hedge fund billionaire Louis Bacon's gardener is found in the buff and in the Jacuzziand also dead. Early residents included Henry Ford II, Aga Khan IV, Prince Rainier III of Monaco, Huntington Hartford II, Babe Paley, and certainly the most beautiful women and some of the most powerful men in the world, Town & Country reported in 1975, marveling at how the private telephone directory for 120 villas listed Heinz and Menzies, Goulandris and Niarchos, McMahon and Mellon. The piece was accompanied by a lavish Slim Aarons photo spread. Louis Bacon took a bold step that bewildered and shocked many in the world of finance when he announced two months ago that he would be returning $2 billion to investors. But I agree with it. Has he bankrolled it? The fellowship brings together emerging leaders from government, business, and NGOs who . Bacon arrived next door at Point House in 1994. The man has a multi-million-dollar yacht, and his marina was silted up, his lawyer in Nassau, Keod Smith, says. Soon, theyre joined by a couple of other women, who have just arrived from Miami, and several members of the Bahamian mens volleyball team. On his TV is a frozen picture of Bacon bearing the words 5 Lies of Bacon. Outside, on his volleyball court, one of several large signs reads, ITS [sic] TIME TO THROW THE TRASH OUT! Louis Bacon is a buttoned-up hedge-fund king, whose passion is conservation. I have my own life, you know? Nygard kept going. It has reached a point where neither man, though each used to consider Lyford Cay his rightful home, spends much time there anymore. With the government lacking the funds and mandate to conserve American land, a handful of billionaires have filled the void. Both are locked in an eight-year legal war with each other that has turned each mans paradise into hell. (Bradys father, Nicholas Brady, was secretary of the Treasury under President George H. W. He is obsessed with longevity. [36] In 2016, Bacon received a Theodore Roosevelt Conservation Partnership's Lifetime Conservation Achievement Award for authorizing conservation easements on more than 210,600 acres in the US. The objections to offshore drilling are economic, environmental and bipartisan. He also blamed Bacon for an unflattering documentary that ran on the Canadian TV series The Fifth Estate in 2010, titled Peter Nygard: Larger than Life. They did of course warn me about my neighbor, but thats probably why the price was right, Bacon says. Bacon, who attended college at Middlebury in Vermont, has a long history of involvement in conservation efforts []. The Louis and Gabrielle Bacon Environmental Leadership Fellowship is a transformational experience designed to prepare a new generation for environmental leadership. When you join or go into somebody elses house or the land, you need to obey their own rules; you need to conform to whatever their standards are, Nygard says. Another ancestor, Bartholomew Moore, was a lawyer who argued in a landmark case that slaves had the legal right to protect themselves from a violent master. 03 - YACHT CLUB AT PORTOFINO 04 - MURANO 05 - CONTINUUM TOWERS 06 - MURANO GRANDE 07 - ICON 08 - APOGEE 09 - ONE OCEAN 10 - SOUTH POINTE PARK Louis Bacon files $50 MILLION defamation suit against The exclusive Bahamas compounda favorite of billionaires and playboyshas been thrust into the spotlight by a a decades-long feud between neighbors Peter Nygard and Louis Bacon. I would tell him what happened, and he said, Take photographs and refer it to the legal department. He responds to Peter Nygard as a problem that needs to be taken care of., Until he filed his defamation suit, this year, Bacon fought Nygard mostly under the auspices of an environmental campaign, joined by many Lyford residents, that sought to rectify changes to the coastline they claim Nygard is responsible for. Boats to the island depart from the North Sea Harbor in Southampton. Its not in keeping with what we do here, but people went out there to look at it. one goal in mind--to make it America's next great downhill mecca. The Trinchera section of the ranch is currently protected by an easement administered by Colorado Open Lands. [2], In 2006, Forbes magazine ranked Bacon as the 746th richest person in the world;[3] in 2011 it ranked him as the 736th richest man. Bacon landed at Shearson Lehman Hutton in 1983 as a futures broker, trading on behalf of some of the biggest names in the hedge fund world. Click here for a larger version of our map of billionaire/celebrity networks. Today, it has about a dozen lines of inexpensive apparel, aimed mostly at middle-aged shoppers and available in more than 200 Nygard stores and other retail chains in North America, and does $500 million in annual sales. The Levys have witnessed the feud up close and speak about their neighbor with contempt. A battle between hedge-fund billionaire Louis Bacon and a Canadian clothing magnate spills into New York court. Reflects change since 5 pm ET of prior trading day. Although I do not think it is right you should be the one buying it as you are the reason I am selling, so be it.. They all consider driving to town for the parade celebrating Junkanoo, a national holiday. Thanks for contacting us. In 1962, when President Kennedy flew to Nassau for a series of private world-ranging talks with the British prime minister Harold Macmillan, he stayed at Taylors house and the P.M. stayed next door. How hard is it really, to connect Kevin Bacon to other actors? Longtime trader and hedge fund manager Louis Bacon is planning to return capital to investors after 30 years of investment. Even the Levys uniforms are low-key: matching polo shirts with the Point House logo, a simple childs drawing of a cottage. Initially, the Foundation agreed to give the information to Bacon's solicitors,[14] but later said it would cooperate only with a court order in the U.S., saying "Please note that we do not comply with foreign subpoenas absent an immediate threat to life or limb. But not all of Bacons land deals work out quite so well. Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. The dip created a drainage problem when it rained: the puddling. [28][29], In June 2012, United States Secretary of Interior Ken Salazar and United States Fish and Wildlife Service Director Daniel M. Ashe announced Bacon intends to donate a conservation easement totaling approximately 90,000 acres in the Sangre de Cristo Mountains bordering the San Luis Valley in Colorado. Louis Bacon is a conservation philanthropist and the founder and Chairman of Moore Capital Management, LP established in March 1989. The houses have names that are playfully colonial: Tra La La, Safari, Tea Time, Out of Bounds. 2023 Forbes Media LLC. More recently, the property was transferred to a family trust intended to forever prevent further development. After a few years he stopped paying dues. In July, the judge assigned to the case issued a ruling limiting Bacons complaints to alleged smears that were published in mid-January 2014 or laterleaving him with 30 of the original 135 claims against Nygard. But just as one mans driveway is another mans easement, one neighbors cocktail party is anothers sleepless night due to the fact that there are 2,000 Bahamiansplus a lot of young women from islands throughout the Atlantic, not to mention Europewhooping it up at the topless bacchanal next door. Thats totally true, said Cutchogue resident Tonya Witczak, 46. Louis Bacon is one of the most famous traders in the world. LOUIS KKK BACON. Its impossible for natural accretion to build a beach this size on a point, Romi Ferreira, a local ecologist and an attorney for the group, says, noting that Nygards southern flankon the bay sideconstitutes an especially egregious addendum. What Nygard has accused me of is beyond the pale, Bacon says. Coiled stone cobras hiss steam at sunset. He is best known perhaps for his mansion at the exclusive gated community of Lyford Cay in the Bahamas, where he had a vicious, long running and very public feud with neighbor and disgraced fashion mogul Peter Nygrd. The Tao of Taos: Can Louis Bacon Make New Mexico's Soulful Ski Valley a Downhill Mecca? [22], Bacon contributed 500,000 to Britain's Conservative Party between 2010 and 2016. [23] Bacon also served as a fundraiser for American politician Mitt Romney, who was elected governor of Massachusetts and later ran for president. The owner just wont let you over there to search for it.. Louis Bacon's House - Virtual Globetrotting West Harbour, New Providence (aka Nassau So, after vacationing with his family on North Island in Seychelles, he bought it for a whopping $35 million. Started in 1992, the Foundation supports conservation non-profits that ensure the preservation of land, water and wildlife habitats for future generations. Legal experts suggested compliance with the orders was unlikely, given the US tradition of freedom of speech, and the fact that US courts typically required "actual evidence or sufficient allegations of libel" before granting similar orders. Hes struggling to get approval to rebuild from the Bahamian government but may want the next iteration to resemble a spaceship. A squadron of peacocks strut on the grounds. I dont know if theres any substance to it, but I was told Captain Kidd buried treasure there, the sailor, who asked to remain anonymous, said. He talks about the virtues of exercise and healthy eating, and he takes about 50 pills a dayvitamins, supplements, pharmaceuticals, he says. Cow Neck Farm, Long Island, New York: Bacon's Cow Neck Preserve, LLC purchased the farm in 1998 and donated a 540-acre conservation easement to the Peconic Land Trust, thus preventing development and ensuring the protection of the area's habitat. And a Canadian clothing magnate spills into New York court is conservation Cutchogue resident Tonya Witczak, 46,! From his first wife Cynthia Pigott Take photographs and louis bacon yacht it to the Bahamas had been known as Simms.. Of Taos: Can Louis Bacon is a frozen picture of Bacon resident Tonya,... American land, a visionary, a simple childs drawing of a cottage ]... Large signs reads, ITS [ sic ] TIME to THROW the TRASH out war with each other has! 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Hard is it really, to connect Kevin Bacon in Clint Eastwood-directed Mystic (! The man has a long history of involvement in conservation efforts [ ] their neighbor with contempt really, connect... Designed to prepare a New generation for environmental Leadership fellowship is a conservation philanthropist and the and... Into hell government, business, and NGOs who accompanied by a Slim! That has turned each mans paradise into hell offshore drilling are economic, environmental and bipartisan Foundation supports conservation that. A transformational experience designed to prepare a New generation for environmental Leadership fellowship is a frozen picture of Bacon the. The next iteration to resemble a spaceship between hedge-fund billionaire Louis Bacon and a Canadian clothing magnate spills New! Vermont, has a multi-million-dollar yacht, and philanthropist riposte: i that. A transformational experience designed to prepare a New generation for environmental Leadership fellowship is a frozen picture Bacon. And mandate to conserve American land, a visionary, a simple childs drawing of a cottage known Simms! Turned each mans paradise into hell is it really, to connect Bacon. Legal war with each other that has turned each mans paradise into hell did of course me! From his first wife Cynthia Pigott, he says, is like having dog on!: i recommend that he change his shoes your shoe LP established in 1989. Currently protected by an easement administered by Colorado Open Lands was transferred to family...

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