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Mother and 8-year-old son die in overnight blaze in Orange
By Lisa Rose | The Star-Ledger
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on April 14, 2014 at 12:18 PM, u

Orange-On a misty Monday morning, neighbors wept outside an Orange house draped with police tape, grieving for a mother and son who died in a fire overnight.

Fire that killed Orange author and 8-year-old son was not arson, prosecutor says They expressed shock over the death of Tanji Dewberry, 37, a vice president at the WL Ross investment firm in New York and a children’s author whose first book was published last year.

Dewberry and her son, Evan Soler, 8, both were pronounced dead at the scene, according to Kathy Carter, spokeswoman for the Essex County Prosecutor’s Office. She would not comment on the cause of the fire, which is under investigation.

Evan was a second grader at the Heywood Avenue Elementary School in Orange. During the summer, he would set up a lemonade stand outside the house, according to a neighbor, Carol Hughes. She said that Evan was an ebullient boy who served a variety of refreshments including strawberry lemonade, with assistance from his proud mother.

A single mom, Dewberry was inspired by her son to write her first book, “Oh Fiddlesticks!” Evan was diagnosed with ADHD in 2011, Dewberry explained in an interview with the website, She said it was a learning experience helping Evan manage his ADHD and she wrote the book to help families develop strategies to cope with mood swings and aggressive behavior.

"Tanji was an absolutely amazing, driven beautiful person and a terrific mother to Evan," said Nyle Washington, a publicist who worked with Dewberry on the book. "Her fierce love of her son showed in every page. I'm truly saddened by this news." In the Examiner interview, Dewberry said she was planning to write a follow-up book this summer, even as she continued to work as a financial executive. She hoped to adapt “Oh Fiddlesticks!” into a TV show.

Last year, Dewberry participated in a weekend gathering for mothers of special needs kids, the Happy Mama Conference and Retreat in North Carolina, according to the Examiner.

A spokeswoman for WL Ross said that the mood is grim at the firm’s headquarters and Dewberry’s colleagues are in mourning. Marlo Garnsworthy, Dewberry’s book editor, said in an email that she had just learned of the author’s death and was “terribly sad.”

Tanji D. Dewberry of Orange, NJ was born on June 26, 1976 in Dayton, Ohio. She received her undergraduate degree in Radio, Television and Film at Northwestern University in 1998. She was a member of Theta Alpha Chapter of Delta Sigma Theta Sorority, Incorporated.

On Sunday, April 13, 2014, Tanji was called home with her son, Evan, by our heavenly Father. She was preceded in death by her father, Darrell Dewberry; paternal grandparents, Charles and Doris Dewberry; and maternal grandfather, Charles Dixon. Tanji leaves to celebrate her legacy: mother, Cynthia Robinson of Lithia Springs, GA; brother, Jajuan Sylvan of Dayton, OH; sister Canjah Dewberry of Dayton, OH; maternal grandmothers, Evelyn Mitchell of Dayton, OH and Carolyn Sparks of Kannapolis, NC; 3 nephews; a host of aunts and uncles, cousins, many other relatives, and
close friends.

Evan O. Soler of Orange, NJ was born on January 9, 2006 in New York, NY to the Late Tanji Dewberry and Virgilio Soler, Jr. On Sunday, April 13, 2014, Evan and his mom were called home by our heavenly Father. He was preceded death by his parental grandfather, Virgilio Soler. Evan leaves to celebrate his life his father, Virgilio Soler, Jr. of Maplewood, NJ; grandmothers Cynthia Robinson of Lithia Springs, GA & Ycelsa Ogando of New York, NY; aunt Elaine (Plinio) Mateo of Chicopee, MA; aunt Nayla (Angel ) Collado of Bronx, NY; and host of aunts and uncles, cousins, classmates, and friends.

Homegoing services 1PM Thursday, April 24, 2014 at Wheat Funeral Home, 2107 N. Gettysburg Ave. Family will receive friends one hour prior to services.

Published in Dayton Daily News from Apr. 20 to Apr. 23, 2014 

Citigroup Sells Mortgage Rights to Wilbur Ross Unit WL Ross

Wilbur Ross, Billionaire Investor, Is Said to Be Trump’s Commerce Pick


Wilbur Ross met with President-elect Donald J. Trump at the Trump National Golf Club in Bedminster, N.J., this week. Credit Hilary Swift for The New York Times

WASHINGTON — President-elect Donald J. Trump is expected to select as commerce secretary Wilbur Ross, a billionaire investor who became known as the “king of bankruptcy” for buying, restructuring and selling off steel makers and other fading industrial companies, officials on the transition team said on Thursday.

After choosing national security hard-liners for some of his earliest appointments, Mr. Trump is now turning to a group of ultrawealthy conservatives to help steer administration policy.

In addition to Mr. Ross, a generous contributor to his campaign, Mr. Trump is likely to choose Todd Ricketts, a Republican megadonor who is an owner of the Chicago Cubs and whose father founded TD Ameritrade, to be the deputy commerce secretary, the officials said. And on Wednesday, Mr. Trump said he would name Betsy DeVos, a school choice activist and Republican fund-raiser, as his education secretary.
Graphic: Donald Trump’s Cabinet is Complete. Here’s the Full List.

Mr. Ross, 78, an economic adviser to Mr. Trump’s campaign whose fortune is estimated by Forbes to be $2.9 billion, is aligned with Mr. Trump on trade. He says the United States must free itself from the “bondage” of “bad trade agreements,” and he has advocated threats of steep tariffs on Chinese goods. Mr. Ross, the chairman of the private equity firm WL Ross & Company, has also pressed for cutting the corporate tax rate to 15 percent, from 35 percent, and reducing taxes and regulations on energy companies.

The Trump White House
The historic moments, head-spinning developments and inside-the-White House intrigue.

‘During the general election, he hosted at least one fund-raiser for Mr. Trump at his home in the Hamptons. There, Mr. Trump, who at the time was pondering his choice for a running mate, turned his deliberations into a party game, soliciting opinions from the donors in attendance.

Mr. Ross also owns a waterfront estate in Palm Beach, Fla., down the road from Mar-a-Lago, Mr. Trump’s club, which is expected to be his White House getaway, and where the president-elect was spending Thanksgiving with his family.

If confirmed by the Senate, Mr. Ross would succeed another wealthy campaign donor at the helm of an agency charged with promoting American commercial interests and trade around the world. Penny Pritzker, President Obama’s commerce secretary, is a billionaire entrepreneur who was an early financial backer of Mr. Obama and is an heiress to the Hyatt Hotels fortune.

Unlike Mr. Trump and Mr. Ross, Ms. Pritzker has been a leading proponent of forging new free-trade agreements. One of her top priorities was the completion of the Trans-Pacific Partnership, a sweeping 12-nation accord that Mr. Trump has promised to scrap.

Maggie Haberman contributed reporting from New York.

Get politics and Washington news updates via Facebook, Twitter and in the Morning Briefing newsletter.

A version of this article appears in print on November 25, 2016, on Page A20 of the New York edition with the headline: Wealthy Investor Seen as Choice for Commerce. Order Reprints| Today's Paper|Subscribe
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Stephen J. Toy is Senior Managing Director and Co-Head of WL Ross & Co. LLC and Chairman of the Investment Committee. Mr. Toy is actively involved in managing the Firm and is a member of the Management Committee. Mr. Toy currently serves on the board of directors for Amalgamated Bank, Compagnie Europeenne de Wagons, Permian Basin Materials LLC and Plascar Participacoes SA.

Mr. Toy was a founding member of WL Ross & Co. in 2000. From 1996 to 2000, he worked in the Mergers & Acquisitions and Corporate Restructuring Group of Rothschild Inc. and from 1994 to 1996 he worked in the Public Finance Group at O'Brien Partners Inc.

Mr. Toy graduated summa cum laude with a B.S. in Business Administration in 1994 from the State University of New York at Albany.

Gregory A. Stoeckle is a Senior Managing Director and Co-Head of WL Ross & Co. LLC. He is actively involved in managing the Firm and is Chairman of the Management Committee. In addition, Mr. Stoeckle is also a member of WL Ross & Co.'s Investment Committee.

Prior to joining WL Ross & Co. LLC, Mr. Stoeckle was President & Managing Director of Invesco Senior Secured Management, Inc.'s leveraged finance business, which he built from less than $1 billion in AUM when he joined in 1999 to $30 billion AUM in 2014. Prior to joining Invesco Senior Secured Management Inc. he had twelve years of banking and debt underwriting experience.

Mr. Stoeckle graduated from Ursinus College in 1987 with a B.S. in Applied Mathematics /Economics and also has an M.B.A. in Finance from Saint Joseph's University.

Matthew Brooks is a member of the investment team for Invesco WLR Credit Partners. In this role, he is responsible for sourcing, analyzing and executing distressed investment opportunities.

Mr. Brooks joined WL Ross & Co. in 2013. From 2011 to 2013, he was an Associate at Barclays Private Credit Partners, a private credit opportunity fund. From 2008 to 2011, he worked at Evercore Partners in the Restructuring Group. Mr. Brooks has been in the industry since 2007.

Mr. Brooks earned his B.A. in Economics and Finance from McGill University.

Denny Kim is a Vice President for WL Ross & Co. LLC. Mr. Kim is primarily responsible for investments in the financial services and real estate sectors. He currently serves on the Board of Directors for Talmer Bancorp, Inc.

Mr. Kim joined WL Ross & Co. in 2010. From 2004 to 2007, he was an Associate for J.C. Flowers & Co. LLC, a private equity firm focused exclusively on the financial services sector. From 2001 to 2004, he was an Investment Banking Analyst in the Financial Institutions Group at Credit Suisse First Boston. Mr. Kim has been in the industry since 2001.

Mr. Kim earned his B.A. in Economics from Northwestern University, and his M.B.A. from the Tuck School of Business at Dartmouth.

David M. Koziol is a Vice President for WL Ross & Co. LLC. Mr. Koziol is primarily responsible for analyzing distressed opportunities for the firm's private equity strategies, including investments in the transportation and building materials sectors.

Mr. Koziol joined WL Ross & Co. in 2010. From 2007 to 2010, he was an Associate at Clearlake Capital Group, where he analyzed special situations and distressed investment opportunities. Prior to that, Mr. Koziol worked as an Analyst in the Restructuring Group at Lazard. Mr. Koziol has been in the industry since 2003.

Mr. Koziol received a B.A. in Mathematical Economics from Colgate University.

William Morton, Jr. is a member of the investment team for WL Ross and Invesco WLR Credit Partners. In this role, he is responsible for sourcing and business development with respect to distressed investment opportunities.

Mr. Morton joined WL Ross & Co. in 2003. From 1999 to 2003, he was a Partner at Sycamore Management Corp., a growth equity and venture capital fund manager focused on the U.S., China and India, where he focused on deal sourcing, closing, monitoring and exiting for the U.S. and China funds.

From 1997 to 1998, he was at Ares Management, L.P., a market value leveraged investment fund, where he focused on mezzanine and high yield investing. From 1991 to 1994, he was at Citicorp Venture Capital, Ltd., a private equity fund. Mr. Morton has been in the industry since 1991.

Mr. Morton earned his B.A. in history cum laude from Yale College in 1991 and his J.D. with honors from Columbia University School of Law in 1997. He is a member of the New York Bar Association.

Nathan A. Taylor is a Vice President for WL Ross & Co. LLC. In this role, he supports the firm's efforts originating and monitoring private equity investments.

Mr. Taylor joined WL Ross & Co. in 2013. From 2010 to 2012, he was an Associate for Prospect Capital Management, a private equity and mezzanine debt investment firm. From 2008 to 2010, Mr. Taylor worked in the mergers and acquisitions advisory practice of Lazard. Mr. Taylor has been in the industry since 2008.

Mr. Taylor received an A.B. in Economics, cum laude, from Harvard College.

Jie Zheng is a Vice President for WL Ross & Co. LLC. In this role, he analyzes potential investment opportunities in various industries.

Mr. Zheng joined WL Ross & Co. in 2009. From 2003 to 2009, he was an Associate for Fore Research & Management, where he focused on credit and fundamental research. From 1998 to 2001, he was a Research Analyst and Portfolio Manager for the Asset Management Division of Everbright Securities in China, where he focused on investing in domestic equity market. Mr. Zheng has been in the industry since 1998.

Mr. Zheng earned his B.S. in Thermal Power Machinery and Installation and M.S. in Economics from Shanghai Jiao Tong University, and his M.B.A. in Analytical Finance and Accounting from The University of Chicago. He is a CFA Charterholder.

History of WL Ross and Co.

WL Ross & Co. was founded in 1997 by professionals then at Rothschild, Inc., who were among the leaders in advising various constituencies in bankruptcies and workouts around the world, assisting in restructuring more than $200 billion of liabilities.

In May of 2014, Greg Stoeckle and Stephen Toy were named co-heads of the group, with responsibility of the day-to-day operations of the firm. Stephen chairs the Investment Committee and Greg chairs the Management Committee and Operating Committee of WL Ross & Co. LLC.

Approach Deep value-oriented private equity firm driven to provide "high-touch" capital and operational solutions in transitional situations where we can influence the outcome.
- Founded:1 2000
- Total capital drawn:2 $11.9 billion
- Investments:2 178 companies
- Industries:2 14
- 57 employees
- 22 Investment Professionals
- 18 years average investment experience
- $308 million General Partner commitments2

1 First fund founded in 1997 while at Rothschild
2 Source: WL Ross as of Dec. 31, 2015. Includes all funds and separate account/co-investments firmwide.

WL Ross & Co. LLC is an investment adviser and is an indirect, wholly owned subsidiary of Invesco Ltd.

At WLR, our experience in special situations and distressed investing is extensive, beginning in 1976 when Wilbur L. Ross, Jr. led the worldwide bankruptcy advisory practice at Rothschild Inc. There, for more than a decade, the team assisted in the restructuring of more than $200 billion in liabilities and was involved in major corporate restructurings and bankruptcies across the globe.

Why is our history important to our investors?

The distinctive heritage of WLR anchors the firm with an understanding and appreciation of value-oriented situations including bankruptcies, workouts across the globe, and special situations. Not only do we understand the law, we know how to work with a variety of constituents, including company managers and owners, governments, trade unions, investment and legal professionals.

We believe this knowledge equips us to assess the often conflicting needs of these constituents and craft the ideal solutions for investment success. Additionally, our experience and our relationships mean that we are often one of the first firms called to evaluate potential deals, and we have broad access to co-investments. This ability to be a solution provider to complex situations allows us to create quality businesses at attractive prices.

WL Ross & Co. LLC Investor Relations:
1166 Avenue of the Americas | New York, NY 10036 | (212) 826-1100 |

1 Investments represented by WLR core distressed platforms from 1997–2014

Our people are our greatest asset. The majority of the members of the WL Ross investment committee have worked together for more than 18 years and have nearly 25 years of average experience in bankruptcy advisory, corporate finance, principal investing, credit workout, investment banking and security analysis.

This breadth of experience is significant — it allows us to recognize hidden opportunities, leverage our network of relationships, and effectively manage all phases of an investment from acquisition to exit.

Senior Management

WL Ross
Stephen J. Toy1
WL Ross
Gregory A. Stoeckle1

Investment Professionals

WL Ross
James B. Lockhart III1
Vice Chairman
WL Ross
Nadim Z. Qureshi
Managing Director
WL Ross
Wendy L. Teramoto1
Managing Director
WL Ross - Paul L. Triggiani, Managing Director
Paul L. Triggiani
Managing Director
WL Ross
Stephen L. Johnson
WL Ross
Patrick J. Machir
WL Ross
Su Yeo
WL Ross
Matthew G. Brooks
Vice President
WL Ross
Denny Kim
Vice President
WL Ross
David M. Koziol
Vice President
WL Ross
William W. Morton, Jr.
Vice President
WL Ross
Nathan A. Taylor
Vice President
WL Ross
Jie Zheng
Vice President
WL Ross
David A. Arumala
Senior Associate
WL Ross
Samuel Chen
Senior Associate
WL Ross
Ben Morrow
WL Ross
Conor McGrath
WL Ross
Giang Nguyen

1 Investment Committee member

WL Ross & Co. LLC is an investment adviser and is an indirect, wholly owned subsidiary of Invesco Ltd.

©2017 Invesco

Billionaire Wilbur Ross Is Expected to Be Easily Confirmed as Trump Trade Czar Monday
Feb 27, 2017

Billionaire investor Wilbur Ross is expected to be easily confirmed as U.S. Commerce Secretary on Monday, clearing President Donald Trump's top trade official to start work on renegotiating trade relationships with China and Mexico.

The vote will insert a major new voice into Trump's economic team, one that strongly influenced his criticism of the North American Free Trade Agreement and a now-scrapped Asia-Pacific trade deal.

Ross' nomination is scheduled for a vote on Monday at around 7 p.m. It was advanced by the Senate in a 66-31 procedural vote on Feb. 17, signaling solid support from Democrats.

Part of that support stems from praise that Ross has drawn from the United Steelworkers union for his efforts in restructuring several bankrupt steel companies in the early 2000s, saving numerous plants and thousands of jobs.

But he also has come under criticism from some left-wing groups as another billionaire in a Trump cabinet that claims to be focused on the working class, and for being a "vulture" investor who has eliminated jobs. Reuters reported last month that Ross's companies have shipped some 2,700 jobs overseas since 2004.

The 79-year-old investor will oversee a sprawling agency with nearly 44,000 employees responsible for combating the dumping of imports below cost into U.S. markets, collecting census and critical economic data, weather forecasting, fisheries management, promoting the United States to foreign investors and regulating the export of sensitive technologies.

While Commerce secretaries rarely take the spotlight in Washington, Ross is expected to play an outsize role in pursuing Trump's campaign pledge to slash U.S. trade deficits and bring manufacturing jobs back to America.

Trump has designated Ross to lead the renegotiation of NAFTA with Mexico and Canada, a job that in past administrations would have been left to the U.S. Trade Representative's office.

Ross will join other major players on the economic team, including U.S. Treasury Secretary Steven Mnuchin and Gary Cohn, director of the White House National Economic Council.

Some experts said Ross could serve as a counterweight to advisers such as Peter Navarro, the University of California-Irvine economics professor who heads Trump's newly created White House National Trade Council. Navarro has advocated a controversial 45% across-the-board tariff on imports from China that Trump threatened during his campaign.

"I expect that Ross will quickly become the administration’s chief trade spokesman, and that Navarro’s influence will be felt indirectly, rather than through public statements or testimony," said Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for International Economics.

At his confirmation hearing, Ross downplayed chances of a trade war with China, while calling it the "most protectionist" large economy. He vowed to level the playing field for U.S. companies competing with Chinese imports and those trying to do business in China's highly restricted economy.

Ross, estimated by Forbes to be worth $2.9 billion, built his fortune in the late 1990s and early 2000s by investing in distressed companies in steel, coal, textiles and auto parts, restructuring them and often benefiting from tariff protections put in place by the Commerce Department.

A crucial player in President Trump's trade agenda will finally be allowed to get on the field.

The U.S. Senate voted 72-27 on Monday evening to confirm billionaire Wilbur Ross as Trump's commerce secretary.

The green light comes nearly three months after Trump first tapped the famed investor for his cabinet and four weeks after a Senate committee unanimously voted in favor of his nomination.

But the confirmation vote was not without controversy. Senate Minority Leader Charles Schumer took to the floor minutes beforehand to protest the White House refusing to release written answers from Ross about the Bank of Cyprus, a bank he is vice chairman of that has links to Russia.

Democrats had demanded Ross explain his connections to Viktor Vekselberg, a Bank of Cyprus shareholder who is described as a friend to Russian President Vladimir Putin.

Schumer, who voted against Ross's nomination, said this inquiry was "perfectly reasonable" given how "questions about connections between the Trump administration and Russia have proliferated" in recent days. Schumer called it another example of the Trump administration "abandoning transparency."

Ross has indicated he will step down from the Bank of Cyprus after he takes office.

The White House is expected to hold a swearing-in ceremony for the new commerce secretary on Tuesday prior to Trump's speech to a joint session of Congress.

Ross is expected to be a powerful figure in the Trump administration, leading the way on efforts to renegotiate NAFTA, the controversial trade agreement with Canada and Mexico.

The 79-year-old will also be a key voice on other trade matters as well as on Trump's efforts to accelerate economic growth by slashing taxes and ramping up infrastructure spending.

"Much of the administration's trade agenda has been awaiting the confirmation of Ross, who is the tip of the presidential spear on trade matters," Chris Krueger, an analyst at Cowen & Co., wrote in a report on Monday.

Related: 8 reasons Andrew Puzder's nomination flamed out

During his confirmation hearing in mid-January, Ross pushed for taking a tough stance on China, which he called the "most protectionist country of very large countries." The commerce secretary nominee said countries that resort to "malicious" trading tactics should be "severely" punished.

Known as the "King of Bankruptcy," Ross made a fortune by working to resurrect failing companies in the auto, steel and textile industries.

But Ross has also been criticized for shipping jobs overseas at some of those struggling companies, something that Trump has slammed Ford (F), Carrier and others for doing. Ross led an auto parts company that moved jobs to Mexico, while a textile firm he founded opened a cotton plant in Vietnam that would employ 1,500 workers, The New York Times reported.

Ross has defended his job creation record. During the hearing, he said International Automotive Components had "no choice" but to move some jobs to Mexico at the request of a major customer. Ross also said that overall, the auto parts company created more U.S. jobs during this period than it eliminated.

He also said International Textile Group "would have had to shut down far more domestic activities" if it hadn't moved some operations overseas.

"If you add and subtract, we were a very large net creator of jobs" in the U.S., Ross said.

Related: Democrats fear recession, Republicans see a boom

Ross has also sought to ease concerns about whether the White House would try to politicize climate science. Ross pledged in a letter to Democrat Senator Bill Nelson not to censor or intimidate scientists who work at NOAA, the agency housed within the Commerce Department that controls the National Weather Service and conducts research.

To avoid potential conflicts of interest, Ross has pledged to sell most, though not all, of his empire of financial assets once he's confirmed. The billionaire's ethics agreement was complicated by his lengthy investing career and wide array of complex assets.

While Ross will step down from the private equity firm he founded in 1997, he plans to remain a passive investor in nine investment vehicles related to shipping, mortgage lending and real estate financing.
CNNMoney (New York) First published February 27, 2017: 2:37 PM ET