I doubt the Jewish Journal of Los Angeles covered this story.<\/p>\n
From the Washington Free Beacon June 19, 2015<\/a>:<\/p>\n \nHillary Clinton will attend a $2,700-a-plate luncheon<\/a> on Friday at the Beverly Hills home of a man who was investigated by the Senate for hiding $68 million in assets in an offshore tax haven.<\/p>\n Peter Lowy, who was born in Australia but is a U.S. citizen, is chief executive officer of the Westfield Group<\/a>, one of the world\u2019s largest owners of shopping malls. The company was founded by his father, Frank Lowy, and is controlled by the Lowy family.<\/p>\n The family came under fire in 2008<\/a> when a report from then-Sens. Carl Levin (D., Mich.) and Norm Coleman (R., Minn.) alleged that the Lowys were hiding $68 million in a Lichtenstein tax haven called the LGT Group.<\/p>\n The relationship between the Lowys and the LGT Group began in 1997 when the family started a Lichtenstein foundation worth $54 million. It grew to $68 million by 2001 when the foundation was dissolved.<\/p>\n The information came during an investigation by the Senate Permanent Subcommittee on Investigations into LGT Group and others that were being used as tax shelters.<\/p>\n \u201cLGT was aware that Mr. Lowy and his sons were hiding assets in the new foundation,\u201d according to the report.<\/p>\n Lawyers for Lowy maintained that he did nothing against the law and that \u201cbusinesses all over the world use a variety of tax structures to legitimately protect their assets.\u201d He said all the money was given to charity.<\/p>\n Lowy, however, refused to cooperate with the Senate investigation. He invoked his 5th Amendment right against self-incrimination during a hearing held by the committee.<\/p>\n \u201cSenator, I’m sorry, I mean no disrespect. But on the advice of my counsel I assert my rights under the 5th Amendment of the United States Constitution not to answer any questions,\u201d said<\/a> Lowy.<\/p>\n His lack of cooperation did not end there. Levin said the Lowy family refused to hand over documentation of the charitable donations to his subcommittee.<\/p>\n Lowy was also accused<\/a> during the hearing by Coleman of taking \u201ca red-eye flight to Australia\u201d to avoid a subpoena.<\/p>\n An investigation into the Lowy finances carried out by the Internal Revenue Service (IRS) led to further efforts in Bermuda<\/a> to hide assets that should have been taxed by the United States.<\/p>\n The Friday fundraiser for Hillary Clinton is not the beginning of the Lowy relationship with the Clinton family. The earliest recorded instance came in 1995<\/a>, when Bill Clinton\u2019s presidential campaign received donations from multiple Lowy family members<\/a>.<\/p>\n Both Lowy and his wife Janine Lowy<\/a> also made the maximum<\/a> allowed contribution to Hillary Clinton\u2019s 2008 presidential campaign. They also both donated to Clinton\u2019s 2006 Senate campaign. The couple\u2019s political giving to federal candidates totals over $1 million and remains active.<\/p>\n Lowy has also given between $50,001 and $100,000<\/a> to the Clinton Foundation, and made donations as recently as last year. His company, the Westfield Corporation, has also made Clinton Foundation donations in the same range.<\/p><\/blockquote>\n Wall Street Journal Mar. 15, 2016<\/a>: <\/p>\n Upscale Mall Landlords Pay Up to Stay Chic The redevelopment will create space for a new anchor store, as well as additional parking, a key amenity in Los Angeles. When the project is done, Century City will have 1.2 million square feet of space, up from roughly 800,000, according to the firm.<\/p>\n Westfield owns 34 shopping centers in the U.S. and the U.K. It also spends money to redevelop lower-profile properties, Mr. Lowy said, \u201cbut not like this.\u201d\n<\/p><\/blockquote>\n Sydney Morning Herald<\/a>: “On the same day that official statistics showed the nation’s wage growth has eased to record lows, Westfield revealed it had forked out a staggering $US32.1 million ($A44.4m) to keep its top three executives fed over the 12 months to December 31, including handsome payments to two of chairman Frank Lowy’s sons, Peter and Steven Lowy.”<\/p>\n","protected":false},"excerpt":{"rendered":" I doubt the Jewish Journal of Los Angeles covered this story. From the Washington Free Beacon June 19, 2015: Hillary Clinton will attend a $2,700-a-plate luncheon on Friday at the Beverly Hills home of a man who was investigated by … Continue reading
\nTaubman to spend $500 million, Westfield $800 million to renovate L.A. shopping centers
\nPeter Lowy, co-CEO of Westfield, said the firm has been planning the renovation of Century City for a decade, including buying an adjacent property to allow for the expansion. \u201cMarkets change. Markets move,\u201d he said.<\/p>\n