Charles Patrick Garcia
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Charles Patrick Garcia | |
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![]() Charles Patrick Garcia | |
Nickname(s) | Charlie |
Born | February 28, 1961 |
Allegiance | ![]() |
Service/ | United States Air Force |
Charles Patrick García (born February 28, 1961) is an American businessman and banker. He started Garcia Trujillo LLC, a consulting, merchant banking, and venture capital firm where he was the CEO.[1] In June 2014, García was selected to lead the Association of Latino Professionals for America (ALPFA, Inc.).[2]
Biography
García was born in Washington, D.C., to parents Carlos A. Garcia, a Panamanian surgeon, and Marilyn McCarthy Garcia. Shortly after he was born, the family moved to Panama City, Panama. He grew up in Panama City and graduated from Balboa High School, the American Canal Zone high school, in 1979. He obtained a bachelor's degree from the United States Air Force Academy in 1983.
From 1983 to 1988, as an Air Force junior officer, García served in staff officer assignments for U.S. Strategic Air Command at Offutt Air Force Base, Nebraska, and at the United States Southern Command then located in Panama. During this period, García earned a master's degree in public administration from the University of Oklahoma.
In 1988, García received a one-year appointment to serve as one of fourteen
In 1994, García obtained a Juris Doctor degree from Columbia Law School.
Charles Patrick García resides in Boca Raton, Florida. He was married to Allison Holtzman in 1993. He has three children. The couple divorced in 2005, and he remarried Cristina Avila from Quito, Ecuador.
Early business career
In 1994, García was appointed co-manager of his former father in law's $60 million "Thrift Value Fund," based in Palm Beach County, and later as manager of at least two other investment funds of lesser value. By the time he terminated Thrift Value Fund relationship in late 1997, García was working at the Greenberg Traurig law firm in Miami, advising banks and Savings and Loans institutions.[4]
Sterling Financial Investment Group
In 1997, with $800,000 in personal funds and
García also focused his business on providing
- Sterling Financial Investment Group, Inc., a broker-dealer subsidiary firm providing financial services,
- myPrivates.com, Inc., an Internet subsidiary providing online networking to entrepreneurs seeking venture capital, and investors searching for private placement opportunities, and
- Sterling Financial Insurance Group, Inc., a wholly owned insurance company encompassing a nationwide network of 225 insurance agents.
The creation of myPrivates.com, Inc. in 2000 cost over $5 million. Also in 2000, García struck a deal for almost $3 million to hire 140 brokers from the recently bankrupt Boca Raton-based Joseph Charles & Associates. To finance this expansion, particularly for the creation of the myPrivates.com subsidiary, García completed two
By 2001, SFIG claimed a worldwide network of more than 400 independent agents working out of more than 50 offices in the United States and eight offices in other countries including
In August 2002, Hispanic Business magazine named Sterling the number one fastest-growing
Year | Reported revenue |
---|---|
1997 | $100,000 |
1998 | $800,000 |
1999 | $4.2 million |
2000 | $14 million |
2001 | $16.3 million |
2002 | $24 million |
2003 | $31 million |
2004 | $28 million |
By 2003, García recognized that the myPrivates.com, Inc., Internet subsidiary, was unsuccessful and had to be closed. Sterling Financial was then seeking outside investors to provide a cash infusion to continue to fuel expansion in the remaining businesses.[11] This effort was hampered by a string of adverse regulatory findings. From 2002 to 2005, García's company, without admitting or denying any allegations, accepted six fines totaling $456,000 for NASD rule violations. Reported problems included issuing research reports that contained errors and exaggerations, lax record keeping, and weak monitoring of branch offices.[12][13]
Sterling was also named in a 2004 lawsuit launched in Texas by a number of disgruntled investors of DOBI Medical Systems. Sterling was an
García closed the Sterling Financial Investment Group's research division in April 2005. In June 2005, Sterling sold its 30 independent brokerage offices in 20 states to Pointe Capital of Delray Beach for about $1 million. Finally, in May 2006, Sterling sold its remaining assets to vFinance, Inc., located in
vFinance, Inc. is a
ALPFA, Inc.
García was selected as CEO of ALPFA, Inc in June 2014. ALPFA changed their acronym to Association of Latino Professionals For America, and the tagline was changed to read "Empowering Latino Leaders".[19]
Other involvement
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- While in law, García published an article in the Florida Supreme Court.[21]
- During the 23-day launch of the Paula Zahn Now, Telemundo, and other news talk shows.
- From June 2001 to December 2004, Florida Governor
- In October 2003, García authored a book on leadership and motivation, titled A Message From Garcia,Amazon.com and # 6 on The Wall Street Journal's bestseller list and The New York Times reviewed it.[citation needed]
- García was identified by Hispanic Magazine as one of the "100 most influential Hispanics in the United States," and Hispanic Today magazine featured García in a cover story "Committing to Hispanic America" [citation needed] and Univision television selected him for their series "Orgullo Hispano".[24] In September 2004, Grupo Santillana published Hispanics in the USA: Making History where he was chosen as one of the 14 Hispanic role models for the nation. In May 2006, author Lionel Sosa published Think and Grow Rich: A Latino Choice (Ballatine Books) which also featured him as a role model in the business world for Latino entrepreneurs.
- In 2005, President George W. Bush appointed him to the United States Air Force Academy Board of Visitors which overseas all operations at the military academy. In November 2006, he was elected Board Chairman. He now serves on the Board of Directors of the Association of Graduates, where he is Chairman of the Finance Committee; and also served as Chair of the Strategic Communications Committee.
- García is a regular contributor to political campaigns. From 1999 to 2004 he is listed as personally contributing a total of $11,000 to various presidential and congressional candidates and Political Action Committees. He, and former wife Allison, are listed as contributing $2,000 each to the 2004 campaign of George W. Bush. García was also a Bush Pioneer for the 2004 reelection campaign, raising at least $100,000 in contributions.[25][26]
- García was on the Board of Directors of Winn-Dixie when it was a public company before its bankruptcy and subsequent sale to BI-LO Holdings.
- In May 2009, García authored a second leadership book, Leadership Lessons of the White House Fellows: Learn How to Inspire Others, Achieve Greatness, and Find Success in Any OrganizationMcGraw-Hill which compiles leadership lessons from interviews of over 200 White House Fellows.[28]
- García currently serves on the National Board of Directors for Girl Scouts of the United States of America.[29]
References
- ^ "Garcia Trujillo". Retrieved 4 January 2011.
- ^ "ALPFA CEO". Archived from the original on 23 December 2016. Retrieved 20 December 2016.
- ^ "Appointment of the 1988 - 1989 White House Fellows". Ronald Reagan Presidential Library Archives. 1988-06-07. Archived from the original on 2016-03-06. Retrieved 2007-09-01.
- ^ Freer, Jim (2000-08-10). "Sterling adds polish to regional investment banking". American City Business Journals.
- ^ Mustard, Jeff (2002-08-13). "Hispanic Business Magazine Names Sterling Financial the #1 Fastest Growing Hispanic-Owned Firm in the United States". Retrieved August 20, 2007.[permanent dead link]
- ^ Mustard, Jeff (2002-06-20). "Sterling Financial Investment Group Announces Opinion on Inspire Pharmaceuticals". Archived from the original on August 29, 2007. Retrieved August 20, 2007.
- ^ "Testimony of Mr. Kim D. Blickenstaff Chairman and Chief Executive Officer Biosite, Inc. - Hedge Fund and Independent Analysts: How independent are their Relationships?". United States Senate Committee on the Judiciary. 2006-06-28. Archived from the original on 2007-08-30. Retrieved 2007-09-01.
- ^ "For Immediate Release, Sterling Financial Investment Group, Inc. Raises $5.35 Million for myPrivates.com". Sterling Financial Investment Group, Inc. 2000-10-12.
- ^ Gardner, Jim (2000-12-15). "Putting the privates back into private placements". American City Business Journals. Retrieved 2007-08-02.
- ^ Patel, Purva (2003-03-30). "Sterling Financial finds bumps on the road to wealth". Howard Greenberg.
- ^ Joel Russell and Tim Dougherty, ed. (March 2003). "Captains Of Capital". Hispanic Business, Inc. Archived from the original on 2006-05-25.
- ^ Anand, Geeta; Smith, Randall (2002-08-08). "Biotech Analysts Strive to Peek Inside Clinical Tests of Drugs". L. Gordon Crovitz.
- ^ a b Freer, Jim (2006-08-18). "Unwelcome scrutiny for top broker". Advance Publications. Retrieved 2007-08-02.
- ^ "DOBI Medical International, Inc, Form 10KSB/A, Filing Date May 17, 2004" (PDF). secdatabase.com. Retrieved May 14, 2018.
- ^ Garcia, Kimberly (January–February 2004). "Helping Others Make Money, Charles García's firm has succeeded by catering to Latinos". Hispanic Magazine.com. Archived from the original on 2006-10-30.
- ^ "VFINANCE Inc, Form 8-K, Current Report, Filing Date May 16, 2006". secdatabase.com. Retrieved May 14, 2018.
- ^ Freer, Jim (2006-08-25). "Lawsuit filed in Austin puts big names in legal limelight". Advance Publications. Retrieved 2007-08-02.
- ^ Hernandez, Jaime (March 2006). "Middle men: Boca Raton-based vFinance Inc. continues to grow after carving a niche with start-up firms and their investors". CEO Publishing Group, Inc., Gale Group.
- ^ "ALPFA CEO - Charles P. Garcia - ALPFA.org | Association of Latino Professionals for America". Archived from the original on 2016-10-11. Retrieved 2016-07-19.
- ^ Charles P. Garcia The Knock and Announce Rule: A New Approach to the Destruction of Evidence Exception, 93 Columbia Law Review 685, 685-719 (April 1993)
- ^ State v. Bamber, 630 So. 2d 1048 (Fla. 1994)
- ^ "White House Initiative on Educational Excellence for Hispanic Americans". Archived from the original on 2008-09-16. Retrieved 2008-11-06. Retrieved 2008-11-06.
- ISBN 978-0-471-44893-8
- ^ findarticles.com http://findarticles.com/p/articles/mi_m0EIN/is_2001_Feb_8/ai_71061289. Retrieved 2008-11-06.
{{cite web}}
: Missing or empty|title=
(help)[title missing] - ^ "Pioneers and Rangers at a glance". Archived from the original on 2007-10-03.
- ^ "whitehouseforsale.org". Archived from the original on 2011-08-03.
- ISBN 978-0-07-159848-4
- ^ "Leadership Lessons - Fox News Video - Fox News". Fox News. 2010-09-26. Archived from the original on 2016-03-04.
- ^ "National Board - Girl Scouts". Girl Scouts of the USA. Retrieved 2019-10-08.