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James Catledge

๐Ÿ‘ค Speaker
624 total appearances

Appearances Over Time

Podcast Appearances

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

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.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

The judge instructs my 644 plaintiffs to put the target on their salesperson, which is not me necessarily, but I'm running the company, and then name the company. So I now have 644 potential lawsuits, individual plaintiffs who have a claim that a judge has suggested they have. So this turns into a nightmare. SEC, IRS, Department of Justice,

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

The judge instructs my 644 plaintiffs to put the target on their salesperson, which is not me necessarily, but I'm running the company, and then name the company. So I now have 644 potential lawsuits, individual plaintiffs who have a claim that a judge has suggested they have. So this turns into a nightmare. SEC, IRS, Department of Justice,

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

The judge instructs my 644 plaintiffs to put the target on their salesperson, which is not me necessarily, but I'm running the company, and then name the company. So I now have 644 potential lawsuits, individual plaintiffs who have a claim that a judge has suggested they have. So this turns into a nightmare. SEC, IRS, Department of Justice,

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

All the windbreakers decide they need to take a look because the judge has suggested this. They take a look. I tell the FBI, I meet with the FBI, and I let the FBI know, hey, listen, I'm available for as long as you need to meet so you understand everything that's going on here.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

All the windbreakers decide they need to take a look because the judge has suggested this. They take a look. I tell the FBI, I meet with the FBI, and I let the FBI know, hey, listen, I'm available for as long as you need to meet so you understand everything that's going on here.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

All the windbreakers decide they need to take a look because the judge has suggested this. They take a look. I tell the FBI, I meet with the FBI, and I let the FBI know, hey, listen, I'm available for as long as you need to meet so you understand everything that's going on here.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

The moves I've made, the moves my people have made, so you understand the products we sell, I'm available for whatever you need. We meet for 14 hours against the counsel of my lawyer. He says, don't ever meet with them. Don't ever meet with them because they will figure out how to create a case if they don't have one yet. But I just felt like... They needed to know how it was all working.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

The moves I've made, the moves my people have made, so you understand the products we sell, I'm available for whatever you need. We meet for 14 hours against the counsel of my lawyer. He says, don't ever meet with them. Don't ever meet with them because they will figure out how to create a case if they don't have one yet. But I just felt like... They needed to know how it was all working.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

The moves I've made, the moves my people have made, so you understand the products we sell, I'm available for whatever you need. We meet for 14 hours against the counsel of my lawyer. He says, don't ever meet with them. Don't ever meet with them because they will figure out how to create a case if they don't have one yet. But I just felt like... They needed to know how it was all working.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

I just felt like aiming the missiles at me would be inappropriate and certainly disproportionate to what really happened. And so I wanted to be helpful. Well, I didn't understand that cooperation means you've got to say you did something wrong.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

I just felt like aiming the missiles at me would be inappropriate and certainly disproportionate to what really happened. And so I wanted to be helpful. Well, I didn't understand that cooperation means you've got to say you did something wrong.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

I just felt like aiming the missiles at me would be inappropriate and certainly disproportionate to what really happened. And so I wanted to be helpful. Well, I didn't understand that cooperation means you've got to say you did something wrong.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

It means you, yeah, you have to say you did something wrong and then we charge you and then we go lenient on you while you help us get the other guy. I said, I will never do that. You're talking to the wrong guy. I have nothing to confess. I have nothing to admit to. There is not an email. There is not a Blackberry. There's not a text message. There's never been a smoke-filled room.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

It means you, yeah, you have to say you did something wrong and then we charge you and then we go lenient on you while you help us get the other guy. I said, I will never do that. You're talking to the wrong guy. I have nothing to confess. I have nothing to admit to. There is not an email. There is not a Blackberry. There's not a text message. There's never been a smoke-filled room.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

It means you, yeah, you have to say you did something wrong and then we charge you and then we go lenient on you while you help us get the other guy. I said, I will never do that. You're talking to the wrong guy. I have nothing to confess. I have nothing to admit to. There is not an email. There is not a Blackberry. There's not a text message. There's never been a smoke-filled room.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

And oh, by the way, if you think I'm the dummy, you think we got in a room and decided to split the dough and I would take 20% and he would get 80? You met the other guy. You think I'm the 20 guy? Okay, so this is the discussion I'm having with the authorities. And I said, look, I was paid pure commissions. That's what I've always been paid. My guys were paid pure commissions.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

And oh, by the way, if you think I'm the dummy, you think we got in a room and decided to split the dough and I would take 20% and he would get 80? You met the other guy. You think I'm the 20 guy? Okay, so this is the discussion I'm having with the authorities. And I said, look, I was paid pure commissions. That's what I've always been paid. My guys were paid pure commissions.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

And oh, by the way, if you think I'm the dummy, you think we got in a room and decided to split the dough and I would take 20% and he would get 80? You met the other guy. You think I'm the 20 guy? Okay, so this is the discussion I'm having with the authorities. And I said, look, I was paid pure commissions. That's what I've always been paid. My guys were paid pure commissions.

Escaping the Drift with John Gafford
The Unseen Strength in Setbacks with James Catledge

My clients were paid the returns they were promised, all by paperwork by lawyers. I will never admit to something I did not do under any circumstance. Well, seven years into the tenderization of the United States government, the process, Uh, my attorney convinces me that the crime that they will likely convict me of is worth 28 years in a federal prison. Yikes.