Illegal Activity
none
Blackmail
none
Date
2017
Document Type
report
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This document provides an overview of Ben Navarro's background, his relationship with Joanne Jensen, and details about Sherman Financial Group and its subsidiaries, including financial performance and regulatory status. It highlights Navarro's career in finance and his philanthropic activities.
Metadata
- Subject
- Reporting Covenants, Financial Statements, Client details, Navarro Relationship Overview
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0042815
- Date
- 2017
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Joanne Jensen | business | Ben Navarro | Joanne Jensen has known Ben Navarro since 1993, when she worked for him on the Institutional Fixed Income Sales desk at Citi. In 2008, Joanne provided Ben with $440MM for the acquisition MGIC and Radian's interest in Sherman |
| Joanne Jensen | business | Jules Kroll | In 2013, Joanne introduce Ben to DB WM client Jules Kroll as a potential investor in Kroll Bond Rating Agency (KBRA). |
| Ben Navarro | business | Kroll Bond Rating Agency (KBRA) | Ben acquired a 10% interest in the company. In 2015, Deutsche Bank advised Kroll on the sale of his remaining stake in KBRA, which Ben acquired for $320MM. |
Notable Quotes 2
'Highly (OCC) rated institution' with no Matters Requiring Attention (MRA)s in the past 8 years
The nation's largest privately held consumer finance company, generating over $2B in revenue in 2017
Financial Information
Amounts:$440MM$320MM$90MM$2B$956.9MM$1.1B$1.2B$5.8B$515MMS109MM$280B512.68
Assets:
- Residential mortgages
- Distressed consumer debt
- Credit cards
Transactions:
- Acquisition of MGIC and Radian's interest in Sherman
- Acquisition of 10% interest in Kroll Bond Rating Agency (KBRA)
- Sale of remaining stake in KBRA
- Purchases, securitizations, and sales of residential mortgages to institutional clients
- Issuing loans to mortgage banks and thrifts
- Purchasing over $280B of distressed consumer debt
- Sells portfolio at par to a SPV under Sherrnan's ownership
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealings
People 3
Organizations 17
CitiMGICRadianSherman Financial GroupDB WMKroll Bond Rating Agency (KBRA)Deutsche BankCredit One BankResurgent Capital ServicesGoldman SachsChemical BankMedical University of South CarolinaOCCJP MorganMasterCardNisaResurgent Capital PartnersCFPB
Locations 3
CharlestonSouth CarolinaWall Street
Financial Entities 5
CitiDeutsche BankCredit One BankJP MorganChemical Bank
Text Analysis
- Tone
- Informative
- Purpose
- To provide an overview of Ben Navarro's relationship with Joanne Jensen, his background, and the details of Sherman Financial Group and its underlying companies.
- Significance
- Provides background information on Ben Navarro and his business ventures, including financial details and relationships.
File Info
- File Name
- EFTA01356766.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:44.403010
- DOJ Source
- View on DOJ