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 almost 10 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.”