RHODE ISLAND | RI-gov

Feroce Decides to Run

The embattled businessman hasn’t filed.

Jan. 3, 2018, 9:52 a.m.

Businessman Giovanni Feroce (R) announced Monday he will run for governor.

Feroce: “My New Year’s resolution is to become your next Governor. I will change your life and we will become the new standard for all Americans to look up to.” (Twitter)

“Feroce does not appear to have a campaign account registered with the Board of Elections yet.” (Providence Journal)

“Feroce has not yet announced what party he will be running under, though he is expected to seek the Republican nomination.” (WPRI)

BACKGROUND. “Just a few years ago, the West Warwick native basked in national attention, touting his work as chief executive officer at Alex and Ani. Then, in March 2014, he was abruptly ousted from the multimillion-dollar Cranston jewelry company. Within a few months, he said he had big plans.

“Feroce bought BENRUS, a military-style watch brand, and promised to create a global billion-dollar fashion brand. He also launched a semipro basketball team, took over a local advertorial magazine, started an investment firm, bankrolled local musicians, invested in a Florida nightclub, sponsored a golf tournament and was featured in a pitch for a business-reality TV show, calling himself ‘The Fixer.’

“Today, Feroce’s empire is circled by creditors. Former employees, the IRS, the City of Newport and a handful of vendors have filed liens and lawsuits. The nightclub went bankrupt, the magazine folded and BENRUS needs new capital. His Newport mansion is leveraged to the hilt, and his few remaining employees are paid only in shares. Personally, he says he feels betrayed by those who’ve left and filed lawsuits. He calls them ‘disloyal’ and ‘weak.’”

Feroce: “I get extremely offended by anybody who [expletive] questions me. OK? Because I do nothing but put me, my family, my children, all of us, on the line to help the state of Rhode Island.” (Providence Journal)

What We're Following See More »
DOES NOT COMMENT ON AMI SETTLEMENT
Trump Denies Directing Cohen To Break The Law
45 minutes ago
THE LATEST

President Trump "denied that he had directed his former personal lawyer Michael Cohen to break the law during the 2016 campaign by buying the silence of two women who claimed they once had affairs with the future president." Trump did not dispute that Cohen made the payments, but said that Cohen "is supposed to know the law."

Source:
PLANNING NEW SITES IN SEATTLE, SAN DIEGO, CULVER CITY
Apple To Build New Campus In Austin, Texas
59 minutes ago
THE DETAILS

"Apple plans to build a 133-acre campus in Austin, Texas, that will cost $1 billion and employ 5,000 new workers, the company announced on Thursday. Apple says the move is expected to make it the largest private employer in Austin." Apple signed a 10-year development contract with Austin in 2012.

Source:
APPEARS TO LOCK UP VOTES TO BECOME SPEAKER
Pelosi Agrees to Serve No More than Four Years
1 hours ago
THE LATEST

"Nancy Pelosi is doing exactly what she said she wouldn’t in order to secure the votes she needs to be elected speaker—putting an end date on her tenure as the top House Democratic leader. Under an agreement reached with seven Democrats who opposed her speaker bid, Pelosi will back term limits for the top three Democratic leaders. The limit she has agreed to will prevent her from serving as speaker beyond another four years."

Source:
HIS LAWYERS ASKED FOR LENIENCY
Cohen Sentenced to 36 Months in Prison
22 hours ago
THE LATEST
HEADS TO HOUSE FOR FINAL PASSAGE
Senate Passes Farm Bill, 87-13
1 days ago
THE LATEST
×
×

Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.

Login