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Well, the Diddy Trial is prosecuting the wrong case. And there's something fishy going on with

Red Lobster's bankruptcy. Also, some of you

might be wondering who the hell I am. So today we're going to take you all the way back to the first

story I ever covered on TikTok, where I expose that there's poison in the baby food. We'll also

respond to some of your comments. Welcome back to Candace.

Our first story today is about food, a specific kind of food that most of you probably eat,

but you probably never realize that this food has a serious dark side. And I'm speaking,

obviously, about shrimp. Endless shrimp, to be exact. Last May, Red Lobster filed for bankruptcy. And at the time, I had mistakenly assumed that it was because of mismanagement in some sort of private equity buyout, like all the other

cool kids these days. But it turns out that that's old news. Private equity had already been there and

done that way back in 2014, when Red Lobster had been bought out by

Golden Gate Capital. And what did they immediately do? Well, if you watched our show yesterday,

you would know that they sold off all of Red Lobster's real estate in a leaseback scheme,

much like Toys R Us and all sorts of other brands before them. They actually use this leaseback scheme to finance their initial purchase of Red Lobster,

like a leverage buyout that we already talked about.

But color me surprised when I looked up who owns Golden Gate Capital.

It was founded by former professionals from private equity firm, Bain and its affiliate, Bain and Company, led by former Bain Capital partner David Dominic.

So you remember how last time we talked about how Bain Capital was the private equity arm and Bain and Company was the consulting arm and they would never work together right but not only

that when you look up the real estate company that they partnered with in the deal later that same year

2014 they got busted for a little 2323 million accounting error.

This is coming from a couple different sources online, as well as Wikipedia, to summarize it all for us.

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