| Notes |
From its inception, the innovation fund was run jointly by Cowell and the multinational banking giant Credit Suisse. Within a year of its launching, a fundraiser for Cowell was held at Bowles’ home. Weeks later, the innovation fund awarded a contract to Bowles' firm, Carousel Capital, to manage some of the fund’s money. Only three days after that, Carousel filed documents with the SEC showing that the firm had paid Credit Suisse $775,000 for the bank’s work as a so-called placement agent in helping Carousel attract investment money. |