September 18, 2012

As F. Scott Fitzgerald wrote: "Let me tell you about the rich. They are different from you and me."

As the Mitt Romney campaign reels from another self-inflicted wound, a background player is also getting his moment in the spotlight.

The GOP candidate lambasted the portion of Americans who do not pay taxes -- actually, 47 percent of adults do not pay federal income taxes while paying other taxes -- at a fundraiser held by hedge fund manager Mark Leder. The co-chief of Sun Capital of Boca Raton, Florida is known for hosting parties that inspire such headlines as "Nude Frolic in Tycoon's Pool."

According to Gawker, the web's source of snark: "And while this particular fundraiser may not have been debaucherous, Leder is notorious for his Caligula-esque parties. From the New York Post's description of his "wild end-of-the-summer bash":

At the Bridgehampton home that Leder rented for a whopping $500,000 a month, guests cavorted nude in a pool and performed sex acts, while scantily clad Russian women danced on platforms. Dancers at the party also twirled flaming torches to booming beats.

The invitation for Advanced Trading, which tirelessly covers the buy side and hedge funds, must have been lost in the mail. We hope to be Tweeting from the grotto next summer.

ABOUT THE AUTHOR
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining ...