The REAL sad part and losers here.... are whatever funds can be recovered will now go to the blood sucking lawyers, court costs, fines etc. Those will all come before any restitution I'm sure. So all of those that were due monies from this are now fully and finally screwed.
So while many of you are popping Champaign corks and loving every minute of this.... there are some who are going to, in the end.... be hurt far more than MLS. Of course, it could be argued that the raffles may have never been fully "funded." But with AV123 most likely to crash and burn (or if it stays in business - it most likely will be without MLS).... there isn't a chance in Hell a new owner will reach deep in their pockets to fund these raffles.
I just see this as a lose, lose, lose situation for ALL that are involved.
Maybe. Hard to say. He may have money we don't know about stashed away but that may come up if records are seized.
A long time ago Quad if you recall, I urged people to be pro-active in looking to get their speakers or money. Sue him. Only a few did. Quad, by my rough reckoning he's in the hole for maybe $2.5 Million. I think more. He burned every bridge - suppliers, factories, employees, etc. He no longer could get terms. He no longer could buy in bulk and take advantage of economies of scale. People were talking and the industry in the background had its own grapevine going. There was no way he could recover from that accumulated debt.
And you know what I heard from folks on other forums? They were afraid to make noise. Some trusted. Some were afraid if this happened it'd topple the company and they'd get nothing. People got paralyzed.
But my friend, tell me. Those charges are serious felonies. They're up there. Should I and others have stayed quiet when we knew full well crimes had been committed over several years? If a man robs a bank or steals a car and I know it but I hear he's had a moment of remorse and vows to return the money and return the car with a full tank of gas and nothing happens, what do I do? If I know a guy with a family and a mortgage rapes or assaults someone but if I tell his family will lose their house, what do I do?
Quad, I gave him a break. The first intended raffle beneficiary I contacted was The Ballet Nouveau. It was the oldest one. It was the one that I thought he'd never screw becasue it was the one his grand-daughter danced at. The contact form on their webpage was used and an inquiry was made. Eventually a response was made and after a couple more follow ups, what came out was that he kept the proceeds of the first raffle and only give $7,500 of the second.
At that point I knew if he'd use his own flesh and blood, he'd use anyone and any cause to steal from. More raffle beneficiaries were contacted. Some responded with a form letter and that was it. Others were much more interested so we cooperated.
As each month passed grand plans were talked and hinted about. We'd hear more about it. We'd see action rather than hear about it. Some eventually got their LS speakers. I'm happy about that. But where did the funds come from in order that some people got what they paid for long ago? From a tight ship and ruthless fiscal management? NO! It came from suppliers not being paid. It came from Santiago who took it up the sh!tter. It came from Ruben who got thrown under the bus. Thrown under so badly that he was fortunate to be able to have some family members bail him out. Had he not had those loving relatives,
HE, HIS WIFE, and his
FOUR KIDS would be out on the street!! The more time you give him, the more people he helps while at the same time crucifying others. Stealing from Peter to pay Paul and it's always a net loss.
I and others tried to give a heads up. Be proactive! Sue! Contact the authorities and I provided links. And what was I specifically told? Chu's got no dog in the hunt. He doesn't own any products. He's never did. He never contributed to the raffles. He has no right to speak. He has no right to criticize. He has no right to speak out for those who aren't speaking. How dare he think he's the voice for those who can't or choose not to speak? He doesn't know Mark like they do. Is Chu going to give them their money if Mark goes bankrupt? I'll bet Chu's got an agenda. Chu's mean spiritied. He only sees the negative. I'll bet Chu works for a competitor. Chu doesn't know the whole story.
And you know what Quad, I still hear that from some sh!theads on other forums. The more time you give him, the more people he's going to hurt while helping a few. It's nothing more than income redistribution. If I owe you $5,000 and I avoid paying Gonk $15,000 so I can give you what I owe you, am I a good guy? I'm a phuck damn it! He needs to be stopped and now in Boulder Country Jail maybe he is. If he's got to lose his business, lose his home, sell all he has, it's better than him screwing other people to fund those he owes.
