Who Is Bruce Elieff, RHOC Star Dr. Jen Armstrong’s Ex-Boyfriend?

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Dr. Jen Armstrong may be new to The Real Housewives of Orange County, but her current husband, Ryne Holliday (and his lack of shirts), is already a fan favorite on the show. The couple share three children together: Vince, Valor, and Cece.

The aesthetic MD, who always seems to have some extra Botox on hand, recently opened up in one episode about her past legal troubles—including one case involving her ex-boyfriend. So, who is he?

Here’s everything to know about Jen’s former flame, multimillionaire Bruce Elieff:

Bruce is the CEO and Chairman of SunCal Companies.

Elieff runs SunCal Companies, “one of the largest real estate developers in the country,” according to the business’ website. SunCal connects investors and financial institutions with properties they can invest in across the United States.

Elieff has been the CEO and Chairman of SunCal for a while, based on his .

He has one daughter.

While not much is known about Elieff’s current personal life, he does have a daughter named Kendra, according to his Facebook.

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And, he’s had his own fair share of lawsuits.

Like Dr. Jen herself, Elieff has had his fair share of legal issues. On Sept. 15, 2008, Lehman Brothers Holdings Inc. filed for bankruptcy. The bank was SunCal’s main lender—meaning that, overnight, over a dozen multimillion-dollar properties were suddenly left unfinished, according to The Wall Street Journal. Before the bank’s collapse, SunCal was worth an estimated $4 billion, per the New York Post.

“It was chaos,” said SunCal’s President, Bruce’s brother Stephan. Two months later, 21 of SunCal’s projects that were backed by Lehman Brothers had to go into bankruptcy. SunCal recovered, but the battle between the two companies in bankruptcy court raged on for years.

And the fallout continued almost a decade later. In 2017, a judge ordered Elieff to pay $20.3 million to a former business partner. The partner claimed that Elieff had stopped making payments from a previous $50 million court settlement, according to The Orange County Register. Even so, SunCal is still going strong today.

In 2013, Elieff sued Jen for almost $1 million.

Nearly ten years ago, Elieff filed a lawsuit against Jen for supposedly refusing to pay him back the $850,000 he had loaned her while they were dating, Radar Online reported. The two were together from 2009 to 2013, until Jen gave birth to twins who were fathered by someone else, per the New York Post.

Elieff claimed that he had paid Jen $160,000 for her tuition at the University of Hawaii, $37,000 to help her freeze her eggs, and $160,000 for cancer treatments. He also said that Jen “exaggerated” the amount of money she needed for these expenses.

In court (and on the show), Jen said the loans were a “gift” with “no strings attached.” “I feel that this lawsuit is [Elieff’s] last-ditch effort to continue controlling my life,” Jen added during a statement she made in court. “He also presented me with stacks of cash on occasion, which I usually declined, and gave me credit cards with no limits to buy whatever I want."

Elieff also filed a lawsuit against Jen’s friend, John Luciano, arguing that he had taken some of the money, the New York Post reported. “It’s ludicrous for him to claim these were loans,” Luciano said at the time. “If all of the money he has given to women over the years were loans, he’d have given out more loans than Bank of America."

The case was eventually dismissed.

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Kevin O’Leary on Stablecoin Regulation

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TipRanks

Every investor wants to see his stocks pay off – or he wouldn’t be in the markets. But finding the right investment, the ‘one’ that will bring profits, no matter what direction the overall markets take, can sometimes be challenging. The two simplest courses of action an investor can take to ensure solid returns are based on common sense. The first is, to buy low and sell high. That is, find a cheap stock with sound fundamentals and good prospects for growth – and buy in to take advantage of the

Exclusive: Tesla delays initial production of Cybertruck to early 2023 -source

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Exclusive: Tesla delays initial production of Cybertruck to early 2023 -source FILE PHOTO: Tesla’s Cybertruck is displayed at Manhattan’s Meatpacking District in New York City

By Hyunjoo Jin

SAN FRANCISCO (Reuters) - Tesla Inc aims to start initial production of its much-anticipated Cybertruck by the end of the first quarter of 2023, pushing back its plan to begin production late this year, a person familiar with the matter told Reuters on Thursday.

The person said the delay comes as Tesla is changing features and functions of the electric pickup to make a compelling product as competition heats up in the segment.

Tesla is expected to make limited production of the Cybertruck in the first quarter of 2023 before increasing output, the source said.

Tesla did not immediately respond to a request for comment.

Tesla, the world’s top electric car maker, makes electric sedans and sport utility vehicles but has missed out on the pickup truck segment, which is profitable and hugely popular in America.

Ford Motor Co and Rivian Automotive are ahead of Tesla in launching electric pickups.

Ford said early this month it will nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles ahead of its arrival this spring at U.S. dealers.

Ford’s market value breached $100 billion for the first time on Thursday when Tesla shares fell 6.7% and Rivian slumped 7.1%.

CEO Elon Musk, who unveiled the futuristic vehicle in 2019, had already delayed its production from late 2021 to late 2022.

Musk has said he will provide an updated product road map on Tesla’s Jan. 26 earnings call.

“Oh man, this year has been such a supply chain nightmare & it’s not over!,” he tweeted in late November, when asked about the Cybertruck.

Tesla recently removed a reference to its production schedule from its Cybertruck order website. Last month, the website said, “You will be able to complete your configuration as production nears in 2022.” Now “in 2022” has been omitted.

Tesla plans to produce the Cybertruck at its factory in Texas, which is expected to start production of Model Y cars early this year.

(Reporting by Hyunjoo Jin in San Francisco; Editing by Peter Henderson and Matthew Lewis)

Tiger Global backs Accrue Savings’ ‘save now, pay later’ approach to consumer purchases

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Buy now, pay later has grown to be an alternative to credit cards, with the trend generating $100 billion in sales last year, more than four times 2020. However, even with the spread out payments, debt accumulation is not easing, causing the Consumer Financial Protection Bureau to now look into the practice.

Accrue Savings, founded in June 2021 by CEO Michael Hershfield, aims to get people saving again with its merchant-embedded shopping experience that rewards consumers for saving up for the things they want to buy.

After raising $4.7 million, the company launched in late 2021 with its product that enables merchants to provide additional payment options. Hershfield told TechCrunch that he isn’t out to replace buy now, pay later (BNPL), but be a way for brands to help people save up for items while also attracting and retaining customers.

Michael Hershfield, Accrue Savings

Michael Hershfield, CEO of Accrue Savings. Image Credits: Accrue Savings

“Brands have tremendous influence, and while there is a deep misnomer that Americans don’t save, our own research shows that people were actually saving more during the pandemic,” he added. “How Americans save can now be tied to a brand. We, as a society, need to offer better savings tools, and it needs to be on a merchant’s website.”

Accrue Savings embeds the savings feature on a retailer’s website, enabling merchants to also put the feature in targeted email or SMS campaigns. When the consumer opens an account and hits savings milestones, they can receive FDIC-insured cash contributions from brands.

Because saving can take time, Hershfield felt it was too early to disclose growth metrics, but said that in its short existence, the company has racked up a customer list that includes Allbirds, Casper, Poly & Bark, Smile Direct Club and Tire Agent. It initially went live with 15 customers, and he teased that the list is expected to double in the coming months.

Today, Accrue Savings announced $25 million in a Series A funding round led by Tiger Global, with participation from Aglaé Ventures and Maple VC, existing investors Twelve Below, Box Group, Red Sea Ventures, Ground Up Ventures, Good Friends and Silas Capital Ventures, and a group of individual investors, including UPS CEO Carol Tomé, Fanatics CEO Michael Rubin.

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“Accrue Savings helps brands reach more customers and gives consumers a responsible purchasing option. It’s a win-win,” said Alex Cook, partner of Tiger Global, in a written statement. “Michael and the Accrue Savings team are building a unique platform and we’re thrilled to partner with them on the next stage of the journey.”

The new capital infusion brings the company’s total funding to nearly $30 million to date. Hershfield plans to expand retail partnerships and add employees across all departments, including engineering, sales and marketing. It has 14 employees right now, and he is looking to be around 65 employees by the end of the year.