James Catledge
๐ค SpeakerAppearances Over Time
Podcast Appearances
And by the way, the largest law firm in the world, Greenberg Taurig, is paper and all this stuff. So this is all vetted. Everything's legit. There's no schemes that I'm aware of. He says, we're going to run out of cash flow, and I'm not worried about you, and I'm not worried about your people. I'm worried about the clients. I said, well, you have to pay the clients.
And by the way, the largest law firm in the world, Greenberg Taurig, is paper and all this stuff. So this is all vetted. Everything's legit. There's no schemes that I'm aware of. He says, we're going to run out of cash flow, and I'm not worried about you, and I'm not worried about your people. I'm worried about the clients. I said, well, you have to pay the clients.
And by the way, the largest law firm in the world, Greenberg Taurig, is paper and all this stuff. So this is all vetted. Everything's legit. There's no schemes that I'm aware of. He says, we're going to run out of cash flow, and I'm not worried about you, and I'm not worried about your people. I'm worried about the clients. I said, well, you have to pay the clients.
They bought the units, so it's not constructed yet. You have to pay them their dividend that they're due until the thing's constructed. He says, we're not going to be able to do that. So my clients don't know anything about the Dominican Republic except for me leading them there. They couldn't find it on a map, except we took them there. And we did take them all there.
They bought the units, so it's not constructed yet. You have to pay them their dividend that they're due until the thing's constructed. He says, we're not going to be able to do that. So my clients don't know anything about the Dominican Republic except for me leading them there. They couldn't find it on a map, except we took them there. And we did take them all there.
They bought the units, so it's not constructed yet. You have to pay them their dividend that they're due until the thing's constructed. He says, we're not going to be able to do that. So my clients don't know anything about the Dominican Republic except for me leading them there. They couldn't find it on a map, except we took them there. And we did take them all there.
And they're all going there to do the transaction. I meet with the largest law firm in Nevada here, who is my lawyer for my company and my business dealings. Lionel Sawyer and Collins is my firm, right downtown Vegas here. My attorney says to me, I'm concerned your partners are not using the money the way you think they are.
And they're all going there to do the transaction. I meet with the largest law firm in Nevada here, who is my lawyer for my company and my business dealings. Lionel Sawyer and Collins is my firm, right downtown Vegas here. My attorney says to me, I'm concerned your partners are not using the money the way you think they are.
And they're all going there to do the transaction. I meet with the largest law firm in Nevada here, who is my lawyer for my company and my business dealings. Lionel Sawyer and Collins is my firm, right downtown Vegas here. My attorney says to me, I'm concerned your partners are not using the money the way you think they are.
I said, well, what's your legal advice? He said, I want to meet with their attorney here in my office. We bring him up from Santa Monica. They meet together. At the end of that meeting, my guy comes to me and says, I'm so glad we got that on the record. I made lots of notes. You're involved in a crime, an ongoing crime. He says, I've got all the notes on it.
I said, well, what's your legal advice? He said, I want to meet with their attorney here in my office. We bring him up from Santa Monica. They meet together. At the end of that meeting, my guy comes to me and says, I'm so glad we got that on the record. I made lots of notes. You're involved in a crime, an ongoing crime. He says, I've got all the notes on it.
I said, well, what's your legal advice? He said, I want to meet with their attorney here in my office. We bring him up from Santa Monica. They meet together. At the end of that meeting, my guy comes to me and says, I'm so glad we got that on the record. I made lots of notes. You're involved in a crime, an ongoing crime. He says, I've got all the notes on it.
The guy basically explained that they're taking new money. And using it to pay old obligations. That is the definition of a Ponzi scheme. I said, okay, so what do we do? He says, you need to sue them and get a receiver appointed to the property so they don't further diminution the damage to your clients. So I do.
The guy basically explained that they're taking new money. And using it to pay old obligations. That is the definition of a Ponzi scheme. I said, okay, so what do we do? He says, you need to sue them and get a receiver appointed to the property so they don't further diminution the damage to your clients. So I do.
The guy basically explained that they're taking new money. And using it to pay old obligations. That is the definition of a Ponzi scheme. I said, okay, so what do we do? He says, you need to sue them and get a receiver appointed to the property so they don't further diminution the damage to your clients. So I do.
I pay $1.3 million to a law firm in Miami, Florida that my attorney helped me select to sue in the Turks, Dominican Republic, and Canada, where these guys are from. in federal court in Miami. I spend 1.3 million, 644 clients are in this lawsuit. We're all plaintiffs. My salespeople are in this thing because we all own these units too.
I pay $1.3 million to a law firm in Miami, Florida that my attorney helped me select to sue in the Turks, Dominican Republic, and Canada, where these guys are from. in federal court in Miami. I spend 1.3 million, 644 clients are in this lawsuit. We're all plaintiffs. My salespeople are in this thing because we all own these units too.
I pay $1.3 million to a law firm in Miami, Florida that my attorney helped me select to sue in the Turks, Dominican Republic, and Canada, where these guys are from. in federal court in Miami. I spend 1.3 million, 644 clients are in this lawsuit. We're all plaintiffs. My salespeople are in this thing because we all own these units too.
My wife and I, my mother, all of our friends, we're all in this stuff. We own these condos. The judge says after nine months of pre-litigation in the court, pre-trial stuff, he says, I'm closing the resorts. We're turning them back to the bank. And you guys need to sue separately the salespeople and the developer. Don't just sue the developer.
My wife and I, my mother, all of our friends, we're all in this stuff. We own these condos. The judge says after nine months of pre-litigation in the court, pre-trial stuff, he says, I'm closing the resorts. We're turning them back to the bank. And you guys need to sue separately the salespeople and the developer. Don't just sue the developer.