The Hollywood Land Development Company Chairman and CEO Mr. Nicholas Phipps White Announces Presidential Order and Successful $16 Billion Settlement for The Sovereign Towers

PALM BEACH, Fla., Feb. 3, 2020 /PRNewswire/ -- "As the Chairman and CEO of The Hollywood Land Development Company, I am extremely proud to report that my company has received a Presidential Order, which is so rare and amazing to have received this order, being the first company in U.S. history to have received this level of recognition in regards to the $16 billion settlement for The Sovereign Towers Project consisting of Sovereign Tower I luxury hotel project for $6.8 billion from the $6,341,776,000 2016 sale of the planned best-in-class, 800-room Marriott dual-branded Ritz-Carlton/St. Regis luxury hotel with a rooftop Wolfgang Puck Spago and CUT restaurants, as well as $2.4 billion for Sovereign Tower II," Mr. Nicholas Phipps White announced.

Mr. Nicholas Phipps White, is the Chairman and CEO as well as the 100 percent Owner of The Hollywood Land Development Company LLC and the 100 percent Beneficiary of the more than $16 billion Nicholas Phipps White Trust account with Bank of America Private Bank/Merrill Lynch, as well as, the great-great grandson of prominent philanthropist U.S. Senator Lawrence C. Phipps, Treasurer of Carnegie Steel, who architected U.S. Steel, the first billion-dollar company in the world, and also the nephew of Palm Beach industrialist Henry Phipps Jr. of Palm Beach, Florida who founded Bessemer Trust. Mr. Nicholas Phipps last year pledged the largest gift in U.S. law enforcement history of $370 million to Palm Beach County Sheriff's Office.

Continuing the successful 100-year tradition of U.S. Senator Phipps insisting on representing himself in all legal, financial and banking matters, Mr. Phipps White successfully entirely himself negotiated and settled Tort Claim #164222575 which had been provided by former Deputy Attorney General Rod Rosenstein, with the Attorney General of the United States William Barr of the Department of Justice for $6.8 billion for the sale of Sovereign Tower I and $6.8 billion for the settlement of Sovereign Tower II, totaling more than $16 billion.  

"I especially wanted to thank President Trump, for his Presidential Order, which is the highest honor for our company to receive. The President understands the hard work it takes to achieve private sector success. The President has done an extraordinary job with measurably improving the U.S. economy and honestly caring about the independent spirit of every American worker and recognizes the more than 10,000 important U.S. jobs projected for Sovereign Tower I alone. As the 100 percent Beneficiary and 100 percent Owner of the Nicholas Phipps White Trust account, I also want to thank Bank of America's Chairman and CEO Mr. Brian T. Moynihan and President of Bank of America Private Bank Ms. Katy Knox, for continuing to safeguard The Hollywood Land Development Company's currency and U.S. Gold Bullion from Sovereign Tower I and II," Mr. Nicholas Phipps White added.

The Hollywood Land Development Company's former public advocate who opened this trust account in Coral Gables, Florida with Merrill Lynch International Wealth Management Advisor, Mr. Gerardo Moya, the former advocate added his personal friends to the Nicholas Phipps White Trust account as Co-Trustees to include: former Vice President Joe Biden, Speaker Nancy Pelosi and Congressman Adam Schiff who took more than $565,894 a day of Mr. Nicholas Phipps White's interest income without his knowledge or authorization. The Offices of Mr. Biden, Ms. Pelosi and Mr. Schiff have confirmed they have received their Trustee forms to remove themselves of all Nicholas Phipps White Trust related Bank of America/Merrill Lynch international accounts. The Family of former U.S. Senator Lawrence C. Phipps will require these public-sector Co-Trustees who were never authorized by the Chairman and CEO Mr. Nicholas Phipps White, to return him his interest income and provide a full accounting of this private-sector Merrill Lynch account. Mr. Tom Girardi was terminated as The Hollywood Land Development Company's public advocate and has removed himself as a Co-Trustee.

For media inquiries please contact Mary White (424) 355-1171
[email protected]

SOURCE The Hollywood Land Development Company LLC

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