Alomoma Drafshouse revealed that it is selling itself as a dine-in cinema series filed for bankruptcy on Wednesday – and one of its new co-owners is a private-equity firm that has been named in a child-abuse scandal Has been attached
Altamont Capital Partners – which, along with the founders of Fortress Investment Group and Alamo, will buy the Texas-based film chain after Coronovirus closes theaters in 18 countries and create a “liquidity crisis” – is also the owner of Sequel Youth & Family Services, Joe is an operator of taxpayer-funded foster-care facilities who have been accused of widespread misuse and neglect.
according to a Blaster Report by American Public Media in collaboration with Oregon Public Broadcasting, The sequel has operated nationwide facilities where children were abused, neglected, sexually assaulted and physically abused.
The shocking report alleges that at one point at least 40 states sent their most vulnerable children to Sequel’s facilities, which were run by “inexperienced, low-paid” employees. The report traces the sexual and physical verbal abuse of the staff as well as the living quarters in the sewage.
Sequel said in a statement, “While instances of sexual harassment by a staff member are extremely rare among thousands of our children across the country, even one case is inane.” It also said that it had initiated “better hiring practices, background checks and installation of cameras and other security measures” to prevent such incidents.
Meanwhile, Altamont Capital has pumped $ 40 million in sequels over the past three years for its expansion. The sequel operates 44 programs in 19 states, including a Michigan facility where a 16-year-old boy died in April last year after being banned by staff members.
In February, several members of Congress requested that the Office of the Inspector General at the US Department of Health and Human Services investigate youth care and residential facilities, including those Operated by sequels in Oregon.
Altmont did not respond to requests for comment on Wednesday.
The Alamo – which sold its assets to a group of lenders, including current investor Altamont, an affiliate of the Fortress Investment Group, and the company’s founder, Tim Leigh – did not return requests for comment.
The league commented on Alomoma’s prospects in the early hours of Wednesday. After emerging from bankruptcy, the company plans to keep most of its theaters open, According to reports.
“Due to increased availability of vaccinations, a very exciting slate of new releases, and an Aud-Even audience demand, we are very confident that by the end of 2021, the cinema industry – and our theaters in particular – will be thriving” League said in a Confessions for News Outlets.
Josh Cosman contributed reporting.
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