The bankruptcy of luxury ad agency Lipman and its parent company could reveal some tangled financial ties.
The agency’s parent, Revolate Holdings, counts several high finance executives among its backers — notably former Barclays CEO Bob Diamond, The Post has learned.
Diamond is said to have invested in the holding company around the year-end holidays, along with a several other Boston-based finance executives, according to sources. Diamond declined to comment.
Soon after the new investors came on board, Revolate CEO Andrew Spellman, a former Goldman Sachs banker, exited the firm, which has investments in several other marketing and branding firms, including Archetype and JWalk.
Separately, Spellman put his home in Newton, Mass., on the market for $5.5 million on Sept. 6, according to real estate listings. It is not clear if the sale is related to the financial problems at Lipman and Revolate.
Spellman through a spokeswoman declined to comment.
The Lipman agency filed for Chapter 7 liquidation proceedings last week after it abruptly shut down, stunning staffers at its Meatpacking offices and leaving behind a trail of unpaid bills. The bankruptcy filing by Lipman Operating LLC revealed a long list of potential creditors, among them Christian Dior and Ford Models.
The Lipman agency already has been sued by upscale jeweler Harry Winston for fraud, claiming media dollars earmarked to purchase ads were instead diverted to parent Revolate.