An old boss put his Jon Hancock on a $4 million mortgage to develop an apartment building with a few other investors. All the money was spent without so much as a hole being dug. The bank came after them for fraud. From what I gather from the court records, he was under the impression that this business dealing was separate from his retail stores which were under a separate LLC umbrella, but nope, the bank managed to seize and sold off all 4 of them. One newspaper refers to him as “the late” so-and-so, but his name is still on the property tax assessment for his old house. I haven’t been able to track him down though. I did find his daughter, but I can’t bring myself to call her up and say “yeah, so I worked for your dad 20 years ago. I was recently digging deep into his business affairs for a round-about reason and was wondering if you could fill in some gaps for me.”
Boots at the Boar Premium Member over 9 years ago
An old boss put his Jon Hancock on a $4 million mortgage to develop an apartment building with a few other investors. All the money was spent without so much as a hole being dug. The bank came after them for fraud. From what I gather from the court records, he was under the impression that this business dealing was separate from his retail stores which were under a separate LLC umbrella, but nope, the bank managed to seize and sold off all 4 of them. One newspaper refers to him as “the late” so-and-so, but his name is still on the property tax assessment for his old house. I haven’t been able to track him down though. I did find his daughter, but I can’t bring myself to call her up and say “yeah, so I worked for your dad 20 years ago. I was recently digging deep into his business affairs for a round-about reason and was wondering if you could fill in some gaps for me.”