My Ex Business Partner Accused of $20MM Fraud

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My Ex Business Partner Accused of $20MM Fraud

Post by cowiz » Thu Jan 20, 2011 10:04 pm

I owned a consulting company in Dallas and I hired this guy (see link below) as my COO. When I dissolved the partnership (due to my divorce), he re-branded the company with a new name and carried on selling to my clients and developing relationships with new ones.

Anyhoo, it appears that he's used this vehicle (allegedly) to defraud investors of $20 million with a pump and dump share scheme.

My judgment of good character could perhaps be questioned :coffee:

Here's the skinny...

http://www.sec.gov/litigation/complaint ... p21387.pdf
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Re: My Ex Business Partner Accused of $20MM Fraud

Post by irretating » Thu Jan 20, 2011 10:07 pm

"SAP" :hehe:

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Re: My Ex Business Partner Accused of $20MM Fraud

Post by Feck » Thu Jan 20, 2011 10:07 pm

Your business acumen is is sharp Pawiz .Now how much money did you say you could lend me ?
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Re: My Ex Business Partner Accused of $20MM Fraud

Post by cowiz » Thu Jan 20, 2011 10:10 pm

Feck wrote:Your business acumen is is sharp Pawiz .Now how much money did you say you could lend me ?
I've just come into a spare $20MM

It's a bit sticky at the moment though
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Re: My Ex Business Partner Accused of $20MM Fraud

Post by Bella Fortuna » Thu Jan 20, 2011 10:10 pm

pawiz wrote:My judgment of good character could perhaps be questioned :coffee:
At least you can count on us as your good friends. :console:



















:plot:
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Re: My Ex Business Partner Accused of $20MM Fraud

Post by cowiz » Thu Jan 20, 2011 10:11 pm

Bella Fortuna wrote:
pawiz wrote:My judgment of good character could perhaps be questioned :coffee:
At least you can count on us as your good friends. :console:

:plot:
That reminds me, I meant to ask you about the missing items from my house after your last visit.
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Re: My Ex Business Partner Accused of $20MM Fraud

Post by Thinking Aloud » Thu Jan 20, 2011 10:12 pm

Bella Fortuna wrote:
pawiz wrote:My judgment of good character could perhaps be questioned :coffee:
At least you can count on us as your good friends. :console:
One ... Two ... Three ... Four ... Nineteen Million, Nine Hundred And Ninety Nine Thousand, Nine Hundred And Eighty One ... Nineteen Million, Nine Hundred And Ninety Nine Thousand, Nine Hundred And Eighty Two ...

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Re: My Ex Business Partner Accused of $20MM Fraud

Post by Feck » Thu Jan 20, 2011 10:13 pm

pawiz wrote:
Feck wrote:Your business acumen is is sharp Pawiz .Now how much money did you say you could lend me ?
I've just come into a spare $20MM

It's a bit sticky at the moment though

Not a problem I was going to spend it on drugs anyway :lol:
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Re: My Ex Business Partner Accused of $20MM Fraud

Post by maiforpeace » Thu Jan 20, 2011 10:15 pm

Some people are just great liars and bullshitters...I don't think it has anything to do with being a good judge of character or not. Look at Bernie Madoff.
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Re: My Ex Business Partner Accused of $20MM Fraud

Post by cowiz » Thu Jan 20, 2011 10:16 pm

maiforpeace wrote:Some people are just great liars and bullshitters...I don't think it has anything to do with being a good judge of character or not. Look at Bernie Madoff.
I like him too :lay:
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Re: My Ex Business Partner Accused of $20MM Fraud

Post by Bella Fortuna » Thu Jan 20, 2011 10:17 pm

pawiz wrote:
Bella Fortuna wrote:
pawiz wrote:My judgment of good character could perhaps be questioned :coffee:
At least you can count on us as your good friends. :console:

:plot:
That reminds me, I meant to ask you about the missing items from my house after your last visit.
Sorry. I promise I'll return the dogs... :oops:
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Re: My Ex Business Partner Accused of $20MM Fraud

Post by cowiz » Thu Jan 20, 2011 10:18 pm

To be fair, another guy I hired for the executive team turned out to be a thief and an alcoholic. He stole a bunch of cash from the company bank account when pissed up one day.
It's a piece of piss to be cowiz, but it's not cowiz to be a piece of piss. Or something like that.

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Re: My Ex Business Partner Accused of $20MM Fraud

Post by Bella Fortuna » Thu Jan 20, 2011 10:19 pm

pawiz wrote:To be fair, another guy I hired for the executive team turned out to be a thief and an alcoholic. He stole a bunch of cash from the company bank account when pissed up one day.
I'm seeing you as the common denominator in this ripple effect of misery... :ask:

It's the pawiz effect.
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Re: My Ex Business Partner Accused of $20MM Fraud

Post by HomerJay » Thu Jan 20, 2011 11:19 pm

pawiz, what are you doing now? have you got any jobs going? Accounts would be a good start. :whistle:

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