John Childs, the 77-year-old founder of private equity firm J.W. Childs Associates, was charged by the Vero Beach Police Department for solicitation of a prostitute.
Childs denied any wrongdoing during an interview with Bloomberg News on Friday.
“I have received no contact by the police department about this charge,” Childs said. “The accusation of solicitation of prostitution is totally false. I have retained a lawyer.”
Since 1995, Childs’ firm have invested around $3.7 billion towards over 50 businesses, according to its website. Childs was responsible for a $77 billion fixed income portfolio with Prudential Insurance Company of America in 1980s, his profile said.
Childs is a major Republican donor who supported GOP candidates in the past such as 2012 presidential candidate Mitt Romney, and former House Speaker Paul Ryan, according to opensecrets.org.
He has an estimated net worth of $1.2 billion and donated some $4.3 million throughout the last election cycle, according to TCPalm.
Campaign finance records show that Childs gave a whopping $250,000 to America First Action, a superPAC that supports President Donald Trump.
He also donated large sums to the conservative Club for Growth Action superPAC, the Senate Conservative Actions PAC, and the America Rising PAC.
He also backed individual Republicans like Florida Sen. Rick Scott, Montana Sen. Steve Daines, and Indiana Sen. Mike Braun.
Source: INSIDER
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