Wait for it. So CPE 88988. Yeah, that is really the name. Why such a weird name? Well, maybe because they're trying to cover up the fact that The owner of CPE 88988 is the head of the same PE backed company that originally drove Genesis straight into the ground. They're essentially selling the company back to themselves. By leaving the debt and the innocent seniors behind, the PE firm gets out of the deal with a big chunk of money. (01:55–02:05)
CLAIM
Asserts that the owner of CPE 88988 is linked to the original private equity firm responsible for Genesis's decline.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
