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ranbo das
Oct 16, 2013


Ixian posted:

If that post is to be taken at face value they have zero proof they've tried to do anything. "Mailed off checks and no one ever cashed them". They just disappeared into the ether according to them. Other that check carbons (which will be worthless) the only thing they have to show they tried to perform according to the original lease is their word that they did so.

Weird loving situation that is for sure.

I mean they went to the owner's old address and found someone else living there, so if they were smart and kept the new family's contact info they have a third party who can confirm for them.

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kw0134
Apr 19, 2003

I buy feet pics🍆

Krispy Kareem posted:

There has to be a statue of limitations on some of the rent owed. I'm not sure if the IRS can come back on 10 year old debt, so Johnny Beneficiary isn't going to collect on at least half of this rent.

If they really have been banking this money, they may be able settle for pennies on the dollar. Especially if the beneficiary finds out back taxes are owed.
The thing is that the property might not even be the landlord's anymore; the letter they got from a city agency sounds like it may have been in a tax foreclosure in which case the tenants owe a pile of money to the municipality. In the event, if the landlord can't be bothered to collect rent, he sure as hell ain't bothering to pay property taxes, and the shocking thing would be that the city didn't send the sheriff to staple a summons and complaint to the door. Or maybe he did and the tenants thought it was a "scam."

There's no way that this property isn't unencumbered by liens from all sorts of creditors, all of whom would have a right to the profit (i.e., rent) generated by the property.

therobit
Aug 19, 2008

I've been tryin' to speak with you for a long time

Motronic posted:

Nobody here has said everyone. But you take these things in context: people in this situation who also post about it on the interwebs while being cagy about details......that's where my and several other poster's seemingly logical suspicion comes from. That suspicion includes the whole post being a troll.

I dunno, it's more fun to believe the post is real. Were they asked wht the investment was and demured?

BonerGhost
Mar 9, 2007

Hot Dog Day #91 posted:

No. They're in default of the lease by not paying each month. The consideration is paying rent. Failing to pay rent doesn't void the lease, but they could be evicted.

They've got a pretty good excuse though. They tried to perform under the lease. If they were my client I'd advise to pour each months rent into a savings account and be prepared to pay or move at any time once someone realizes the situation. I'd also hire a title company to do a title search and see who owns the property now.

It's a really interesting situation and I wish they weren't dumb internet people so I could find out the truth.

That makes sense. What about the letter they say they got from the city saying they were taking over the property? Couldn't they have independently verified with the city at that time if they were concerned it was some kind of scam, especially when their landlord stopped cashing their checks (assuming they continued to set that money aside every month)?

Haifisch
Nov 13, 2010

Objection! I object! That was... objectionable!



Taco Defender

monster on a stick posted:

Underage nephew used my mother's card to buy $3,000 worth of stuff on Amazon.


Turns out the family all knew about the toys he bought and let him play with them.

The pro-reply:

quote:

[–]ChaoticSquirrel 49 points 22 hours ago
Not for the Amazon fresh purchases OP mentioned...

[–]LilAcorn [S] 435 points 22 hours ago
He bought a gallon of pickles.
Dude must really loving love pickles.

Solice Kirsk
Jun 1, 2004

.

Haifisch posted:

Dude must really loving love pickles.

Well, they won't go bad at least.

Enfys
Feb 17, 2013

The ocean is calling and I must go

I was curious how much a gallon of pickles would cost on Amazon.

For $95 you can buy 640oz of pickles. Kid missed out.

Or for $17 you can skip the pickles and just buy a gallon of pickle juice for some reason?

Ixian
Oct 9, 2001

Many machines on Ix....new machines
Pillbug

Enfys posted:

I was curious how much a gallon of pickles would cost on Amazon.

For $95 you can buy 640oz of pickles. Kid missed out.

Or for $17 you can skip the pickles and just buy a gallon of pickle juice for some reason?



Sprinkle it on your sandwiches...for flavor

https://www.youtube.com/watch?v=W3O0XEdj4t8

Hot Dog Day #91
Jun 19, 2003

NancyPants posted:

That makes sense. What about the letter they say they got from the city saying they were taking over the property? Couldn't they have independently verified with the city at that time if they were concerned it was some kind of scam, especially when their landlord stopped cashing their checks (assuming they continued to set that money aside every month)?

It's likely the property was foreclosed by the city and they own it. As someone who handles that type of stuff for a living, the city may really not care very much, or it may be on some old about-to-retire attorney's desk who just doesn't care.

AmericanBarbarian
Nov 23, 2011

Jeffrey of YOSPOS posted:

Like, shares of index funds or any stock or whatever? I'm sure some brokers issue atm cards so you can get cash out quickly but I doubt all of them do.

Like, not everyone is lying about everything, dismissing the possibility that the "very liquid investment" is indeed a very liquid investment is a little hasty.

My bet is still on gold. There are immigrant communities that still hold large amounts of gold, and there is a tradition of buying/selling large amounts of gold for major life expenses.

Solice Kirsk
Jun 1, 2004

.

Enfys posted:

I was curious how much a gallon of pickles would cost on Amazon.

For $95 you can buy 640oz of pickles. Kid missed out.

Or for $17 you can skip the pickles and just buy a gallon of pickle juice for some reason?



Pickle backs. Obviously.

Ancillary Character
Jul 25, 2007
Going about life as if I were a third-tier ancillary character

Krispy Kareem posted:

There has to be a statue of limitations on some of the rent owed. I'm not sure if the IRS can come back on 10 year old debt, so Johnny Beneficiary isn't going to collect on at least half of this rent.

If they really have been banking this money, they may be able settle for pennies on the dollar. Especially if the beneficiary finds out back taxes are owed.

Correct me if I'm wrong, but doesn't statute of limitations just mean they can't be sued to recover the debt, not that they stop owing it, and only bankruptcy would truly relieve them of their debt? For most people, "can't be sued" and "don't owe" are effectively the same thing since if you don't need anything further from the person you owe money to, they have no recourse if they can't sue you. However, if this family wants to keep living in that house or maybe even buy it, their debtor has that leverage over them and can demand they pay back all that they owe or no lease renewal, purchase, or whatever.

Jeffrey of YOSPOS
Dec 22, 2005

GET LOSE, YOU CAN'T COMPARE WITH MY POWERS

kw0134 posted:

The thing is that the property might not even be the landlord's anymore; the letter they got from a city agency sounds like it may have been in a tax foreclosure in which case the tenants owe a pile of money to the municipality. In the event, if the landlord can't be bothered to collect rent, he sure as hell ain't bothering to pay property taxes, and the shocking thing would be that the city didn't send the sheriff to staple a summons and complaint to the door. Or maybe he did and the tenants thought it was a "scam."

There's no way that this property isn't unencumbered by liens from all sorts of creditors, all of whom would have a right to the profit (i.e., rent) generated by the property.
They said a management company has been paying property taxes, which frankly raises even more questions. Is a senile owner automatically paying them? Or are they just as "senile" and haven't noticed they stopped being paid as well? Surely the city isn't paying the management company.

Not every lease has an automatic renewal clause either. If the lease doesn't renew, but you don't move out and aren't evicted, do you owe money? I have no clue. It reads a little like that (presumed fake) workplace story of the goon who was in a forgotten department and kept getting paid.

Sorry if I'm continuing an unwelcome derail but personally I find this one fascinating.

Hot Dog Day #91
Jun 19, 2003

^^^ if there's no auto renewal, and state law doesn't say something, then the you'd likely be liable for fair market rental value. It's really fact specific based off what the tenant and landlord did to solve the problem and mitigate damages.

Pompous Rhombus
Mar 11, 2007

therobit posted:

I dunno, it's more fun to believe the post is real. Were they asked wht the investment was and demured?

If it's a troll the guy is using his long-term/"real" account for it.

AmericanBarbarian posted:

My bet is still on gold. There are immigrant communities that still hold large amounts of gold, and there is a tradition of buying/selling large amounts of gold for major life expenses.

Yeah, it actually is more likely to be this, after looking at his username/digging into his post history. The OP and his family are Chinese-American, and gold is a pretty normal way of storing wealth in traditional Chinese culture.

monster on a stick
Apr 29, 2013

https://www.reddit.com/r/legaladvice/comments/6kuf2l/oh_15_people_invested_into_a_bitcoin_trader_no/ posted:

[OH] 15+ people Invested into a bitcoin trader, no returns (self.legaladvice)

As the title says. We were all working for a digital marketing company, through the company the CEO introduced us to a bitcoin trader. He had been getting steady returns of 10% monthly. Well, he said it's something we should invest into. So, trusting our CEO because it's our CEO and he had 50k+ with him, we invested. Some $2500, some $10,000, one even $15,000 In the course of 3 months or so.

Well, I've met the trader several times, seemed like a great guy. We exchanged a lot of texts all clearly stating what the returns were, and that we could pull out our money WHENEVER and that it could take up to a week to receive the money.

So, I pulled out my money, I knew him personally, and he transferred $2,000 of the $2,500 original investment which had been in there 6 months. So, there was still another $1,500+ in my investment (10% return compounded monthly).

It took him several weeks to get me the money, and even when I got it, it wasn't the full amount I asked for. It's been 2 months, and he keeps saying next week next week. Well, I informed a few other investors which set off a chain reaction of everyone wanting to pull out, threatening law suits, and a lot of other threats to the trader. He will text us back usually once a week, or every 10 days something like "Hey man, sorry, I have a huge deal coming in this week, I'll be able to send you the money" which in return keeps up on the hook and believing we will get our money back.

Combined there is probably 40k+ gone, and we are from all around the United States between 15 of us.

What legal actions are there, if any? I have been informed texts are enforceable and we all have the texts of the clearly stated returns we would be seeing.

Along with all of this, the market for BTC has ONLY gone up. We all got in when btc was around $700, and it's now over $3k. No decrease in the coin. The way he was trading was supposably safe, by making safe, non risky trades. The concept of buying in bulk for cheap, selling in low quantity for higher prices.

PS: He has money, he didn't lose it ALL, he flexes his Presidential Rolex, weekly bottles of ace at the club, Versace jewelry, casino rounds, and penthouse suites. Just seems as if he's not paying out Extra: There was other people in the industry that had invested as well, with no connection to my CEO. My CEO burned a lot of bridges, and we don't know If he got his money back or not. We assume he probably did because he was the main investor from my specific group. None of us communicate with him any longer, and there will be another thread with that whole situation!

Bitcoin ponzi schemes, amazing!

Guinness
Sep 15, 2004

quote:

trusting our CEO because it's our CEO

This sums up almost everything wrong with America.

CannonFodder
Jan 26, 2001

Passion’s Wrench

monster on a stick posted:

Bitcoin ponzi schemes, amazing!

quote:

PS: He has money, he didn't lose it ALL, he flexes his Presidential Rolex, weekly bottles of ace at the club, Versace jewelry, casino rounds, and penthouse suites. Just seems as if he's not paying out Extra: There was other people in the industry that had invested as well, with no connection to my CEO. My CEO burned a lot of bridges, and we don't know If he got his money back or not. We assume he probably did because he was the main investor from my specific group. None of us communicate with him any longer, and there will be another thread with that whole situation!
Why can people never realize that the reason Mr Investor is a high roller is because Mr Investor is spending all of the seed money. All of it.

Every time that Ponzi scheme plays out on American Greed with "Well he drives a fancy car so he must be doing something right" I shake my head.

GamingHyena
Jul 25, 2003

Devil's Advocate
That Ponzi scheme return doesn't even make sense. If the guy was getting 10% returns per month, then he's doubling his money roughly every 7 months. Not only would the traider not need your money, if that was the case he wouldn't WANT your money. The more money he had to "invest," the more he would quickly become the market for bitcoins and be unable to profit off of whatever magic trading differences existed to allow him such crazy returns in the first place. Maybe he bamboozled them with some fancy arbitrage scheme or--

quote:

The way he was trading was supposably safe, by making safe, non risky trades. The concept of buying in bulk for cheap, selling in low quantity for higher prices.

Oh.

So commodity markets are like going to Costco to buy pickles. The more you buy at once, the less you pay! :downs:

Krispy Wafer
Jul 26, 2002

I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat

Grimey Drawer
You can't save a small fortune in commodities without first spending a large fortune.

What's the stock market up in the last 8 months? Something like 20%? Yeah. Let's all invest in the more risky option when the less risky one is going gangbusters. Not as good as Buttcoins mind you. But with 100% less stolen money.

Factor Mystic
Mar 20, 2006

Baby's First Post-Apocalyptic Fiction

Jeffrey of YOSPOS posted:

It reads a little like that (presumed fake) workplace story of the goon who was in a forgotten department and kept getting paid.

For reference: https://sites.google.com/site/forgottenemployee/

LLCoolJD
Dec 8, 2007

Musk threatens the inorganic promotion of left-wing ideology that had been taking place on the platform

Block me for being an unironic DeSantis fan, too!

monster on a stick posted:

Bitcoin ponzi schemes, amazing!

Being "introduced to a bitcoin trader" is a great line. Forget your bank or a brokerage, just give some random dude your money and market-busting returns are yours. All of these scams play off of dumb greed.

mastershakeman
Oct 28, 2008

by vyelkin

Hot Dog Day #91 posted:

No. They're in default of the lease by not paying each month. The consideration is paying rent. Failing to pay rent doesn't void the lease, but they could be evicted.

They've got a pretty good excuse though. They tried to perform under the lease. If they were my client I'd advise to pour each months rent into a savings account and be prepared to pay or move at any time once someone realizes the situation. I'd also hire a title company to do a title search and see who owns the property now.

It's a really interesting situation and I wish they weren't dumb internet people so I could find out the truth.

Well they're in SF which has absolutely insane tenant protection laws, so who the gently caress knows.

My question is who is paying the property taxes, but it's also possible they're incredibly cheap under prop 13 and are somehow being automatically withdrawn from a bank account somewheres. The government thing is wild but you'd think there would have been some follow up at some point on it. You'd think if there's actually been a tax sale in such an insanely valuable location they'd have been notified (as required by law in Illinois)


edit: blah, new page. none of the story makes sense - if a management company were paying taxes they'd be collecting rent. as always it's a bunch of half truths on the internet

mastershakeman fucked around with this message at 14:03 on Jul 3, 2017

Pryor on Fire
May 14, 2013

they don't know all alien abduction experiences can be explained by people thinking saving private ryan was a documentary

The actual story is probably like I hate this creepy landlord and don't want to talk about him and dad has been paying my rent for 10 years I'll just make up this stupid story instead. Young people do this weird thing where they just remove characters they don't like from the story sometimes, even if it requires changing reality a bit. I call it social media memory syndrome.

lament.cfg
Dec 28, 2006

we have such posts
to show you




Pryor on Fire posted:

The actual story is probably like I hate this creepy landlord and don't want to talk about him and dad has been paying my rent for 10 years I'll just make up this stupid story instead. Young people do this weird thing where they just remove characters they don't like from the story sometimes, even if it requires changing reality a bit. I call it social media memory syndrome.

Old people do this weird thing where they just insert their own fantasy versions of things into blank spaces that don't exist in things they hear when it doesn't match their perception of the world. I call it talking out of your rear end syndrome.

Barry
Aug 1, 2003

Hardened Criminal

Pryor on Fire posted:

The actual story is probably like I hate this creepy landlord and don't want to talk about him and dad has been paying my rent for 10 years I'll just make up this stupid story instead. Young people do this weird thing where they just remove characters they don't like from the story sometimes, even if it requires changing reality a bit. I call it social media memory syndrome.

This is a weird post

Day Man
Jul 30, 2007

Champion of the Sun!

Master of karate and friendship...
for everyone!


Papa John Misty posted:

Old people do this weird thing where they just insert their own fantasy versions of things into blank spaces that don't exist in things they hear when it doesn't match their perception of the world. I call it talking out of your rear end syndrome.

Hoodwinker
Nov 7, 2005

I didn't know we vaguebooked on SA.

Dwight Eisenhower
Jan 24, 2006

Indeed, I think that people want peace so much that one of these days governments had better get out of the way and let them have it.

Papa John Misty posted:

Old people do this weird thing where they just insert their own fantasy versions of things into blank spaces that don't exist in things they hear when it doesn't match their perception of the world. I call it talking out of your rear end syndrome.

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

Hoodwinker posted:

I didn't know we vaguebooked on SA.

12 year coma is rough -- how are you feeling?

Hoodwinker
Nov 7, 2005

Subjunctive posted:

12 year coma is rough -- how are you feeling?

I don't want to talk about it...

EAT FASTER!!!!!!
Sep 21, 2002

Legendary.


:hampants::hampants::hampants:
Generously cross-posted from the Footballers Gone Feral thread


quote:

Sportswear tycoon Mike Ashley once hosted a management meeting in a pub where he drank 12 pints and vomited into a fireplace, a court has heard.

The Newcastle United owner is being sued by finance expert Jeffrey Blue at London's High Court.
He claims Mr Ashley often held meetings in pubs, and at one time promised to pay him £15m if he managed to increase Sports Direct's share price to £8.
He said the billionaire only paid him £1m. Mr Ashley disputes the claim.
Mr Justice Leggatt was told the dispute between Mr Blue and Mr Ashley related to an alleged conversation in a London pub called the Horse & Groom in 2013.
Jeffrey Chapman QC, who is leading Mr Blue's legal team, told the judge Mr Ashley's business practices flew in the face of "business orthodoxy".
'Pub lock-in'
Mr Blue said he had attended several senior management meetings at another pub, the Green Dragon in Alfreton, Derbyshire.
He said: "These meetings were like no other senior management meeting I had ever attended in all my years of investment banking experience."

Describing it as a "pub lock-in" where fish and chips and kebabs would be brought in after closing time, he said: "On one such evening, in front of his senior management team,
Mr Ashley challenged a young Polish analyst in my team, Pawel Pawlowski, to a drinking competition.
"Mr Ashley and Pawel would drink pints of lager, with vodka 'chasers' between each pint, and the first to leave the bar area for whatever reason was declared the loser.
"After approximately 12 pints and chasers Pawel apologised profusely and had to excuse himself.
"Mr Ashley then vomited into the fireplace located in the centre of the bar, to huge applause from his senior management team."

theHUNGERian
Feb 23, 2006

Just found out my CC info was stolen.

BWM: Using a stolen CC to spend $200 on Steam games.

Solice Kirsk
Jun 1, 2004

.

theHUNGERian posted:

Just found out my CC info was stolen.

BWM: Using a stolen CC to spend $200 on Steam games.

How does Steam handle that? Just take it back from who ever downloaded them?

22 Eargesplitten
Oct 10, 2010



And ban the account, and cooperate with the CC company. And they probably have names from the other CCs used in the past.

Solice Kirsk
Jun 1, 2004

.
But in the end he got to play games for free for a few hours!

OnceIWasAnOstrich
Jul 22, 2006

Solice Kirsk posted:

But in the end he got to play games for free for a few hours!

Or most likely has the money from selling those games at a discount to greedy suckers who are going to get their sketchy discount Steam games revoked.

Who may not even get banned because Steam won't ban an account unless it directly used the stolen card or has a history of activating stolen games.

OnceIWasAnOstrich fucked around with this message at 21:47 on Jul 3, 2017

Hyrax Attack!
Jan 13, 2009

We demand to be taken seriously

We all love Reddit's personal finance tips, but I contend Department of Defense security clearance appeals are the finest BWM goldmine online. At least you know they are real, and the 2017 reports are fascinating: http://ogc.osd.mil/doha/industrial/2017.html

quote:

Applicant contests the Department of Defense’s (DoD) intent to deny his eligibility for a security clearance to work in the defense industry. Applicant owes approximately $138,000 in student loans on which he is paying $30 per month. He is more than $64,000 delinquent on other debts.

quote:

Applicant is a 44-year-old cost analyst/compliance manager who has worked for a defense contractor since April 2010, and he seeks to obtain a security clearance. (Tr. 17, 36, 86) From March 1994 through January 1998, he honorably served in the United States Marine Corps. (Tr.46) He separated as a corporal (E-4). (Tr. 42) The U.S. Department of Veterans Affairs rates Applicant’s disability at ten percent for which he receives $133 monthly. (Tr. 74) His annual salary is $99,550. (Tr. 38) In March 1999, after leaving the Marine Corps, he married and they have ten children ages 4 to 22. (Ex. 1) His wife does not work outside of the home.

quote:

He was at this job from June 2005 through March 2008. His income for half of 2005 was $60,000, for 2006 it was $130,000, and for 2007, $135,000 to $140,000. (Tr. 52) He indicated that during these times he was making a great deal of money.

quote:

In March 2008, Applicant left his job and invested $70,000 of his own money to open an Italian Ice store. (Tr. 52, 53) The money came from his savings and the sale of his stock options. (Ex. 6) The store netted less than $10,000 per year. (Tr. 54) In the fall of 2009, the store ceased to do business. (Tr. 54) During this period, Applicant maxed out his credit cards (SOR 1.i, $9,484 and SOR 1.o, $5,209). His last contact with the credit card companies was in 2008 or 2009. Since obtaining his current job in March 2010, he has not contacted the creditors. (Tr. 64) He stated it was a mistake to leave his well-paying job in order to start the Italian Ice store.

Link to PDF: http://ogc.osd.mil/doha/industrial/2017/15-00836.h1.pdf

Hoodwinker
Nov 7, 2005

I know I've love to see "Zybourne Financial Services" as the thread title, but this one is too good, "He stated it was a mistake to leave his well-paying job in order to start the Italian Ice store."

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Hyrax Attack!
Jan 13, 2009

We demand to be taken seriously

Hoodwinker posted:

I know I've love to see "Zybourne Financial Services" as the thread title, but this one is too good, "He stated it was a mistake to leave his well-paying job in order to start the Italian Ice store."

Leaving a $100k job you went to grad school for to open an Italian ice store, with ten kids: BWM

Doing so in March 2008: :discourse:

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