Jerry Falwell Jr. steered Liberty University land deal benefiting his personal trainer
Around 2011, Falwell, president of Liberty University in Virginia, and his wife, Rebecca, began personal fitness training sessions with Benjamin Crosswhite, then a 23-year-old recent Liberty graduate. Now, after a series of university real estate transactions signed by Falwell, Crosswhite owns a sprawling 18-acre racquet sports and fitness facility on former Liberty property.
The support Falwell provided to the two young men, Granda and Crosswhite, has some parallels. Both were aided in business ventures and both have flown on the nonprofit university’s corporate jet. Crosswhite declined to answer questions about the deal."All I will say is that my wife and I consult each other before every major business deal and we bought the complex from Liberty together," he said in an email."My wife and I both work around the clock to make our business succeed."
As Liberty’s leader, Falwell draws an annual salary of nearly $1 million, and is obligated to put the university’s financial interests before his own personal interests when conducting Liberty business. Falwell has publicly credited Crosswhite with helping him lose 75 pounds. “That’s the kind of guy he is,” Crosswhite told Reuters. He asked Reuters to submit written questions about his dealings with Liberty and Falwell, but did not respond to them.The story of the business relationship between Crosswhite, Liberty and Falwell appears to begin in 2011.
Liberty said Falwell uses the university-chartered jet to fly every year to his annual physical in Miami. Crosswhite joined him in 2012 “to explain to the doctors Mr. Falwell’s diet and exercise program and help document the results,” the university said. Because Liberty’s board requires an annual physical for Falwell, the president doesn’t have to reimburse the university for the corporate jet travel to Miami, the statement said.
Transactions on such favourable terms could raise concerns over stewardship of corporate assets, and potentially insufficient scrutiny by the board, said Anderson, the independent governance specialist.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Falwell steered Liberty University land deal benefiting his personal trainerExclusive: Reuters has learned Jerry Falwell Jr. steered a Liberty University property deal that benefitted his personal fitness trainer. The findings follow recent public scrutiny over his business ties to a Miami pool attendant
Read more »
Andrew Luck's Retirement Will Only Accelerate Youth Football's Participation DeclineParents running the cost-benefit analysis of football have another item to consider with a star quarterback retiring in his prime because he was tired of dealing with injuries.
Read more »
The Ringer Partners With Grand Central for Book Publishing Deal (Exclusive)Three books about movies, gambling and 'Jeopardy!', respectively, will kick off the deal.
Read more »
Amazon Prime Video Signs Distribution Deal With Altice Europe (EXCLUSIVE)Amazon Prime Video has unveiled its first distribution deal with a telco in France, signing a pact with Altice Europe, which owns leading French internet, mobile and cable-TV provider SFR. The deal…
Read more »
Exclusive: Boeing CEO eyes major aircraft order under any U.S.-China trade dealExclusive: Boeing's CEO tells Reuters that a major aircraft order from China could result from any trade deal with the U.S. Tit-for-tat tariffs have forced Boeing to walk a geopolitical tightrope for more than a year
Read more »
What Does Working Abroad Do For You?I read an article from Business Insider that hat referenced a study by Rice University, Columbia University, and the University of North Carolina.
Read more »