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Robert Smith escapes prison

 

despite

Quote

Jim Lee, chief of criminal investigation for the IRS, made it clear that the alleged tax evasion by Smith and Brockman was a serious matter. “I have not seen this pattern of greed or concealment and cover-up in my 25-plus years as a special agent,” 

 

https://www.bloomberg.com/news/features/2021-02-03/how-billionaire-robert-smith-avoided-indictment-in-multimillion-dollar-tax-case

must be nice to be a billionaire with connection to D.C.

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9 minutes ago, 52-80 said:

Robert Smith escapes prison

 

despite

 

https://www.bloomberg.com/news/features/2021-02-03/how-billionaire-robert-smith-avoided-indictment-in-multimillion-dollar-tax-case

must be nice to be a billionaire with connection to D.C.

Crazy that investors would continue to trust Smith to lead Vista after he hid income from the govt and dropped a dime on his main investor. Now his current investors are not above doing the same themselves but people usually get afraid of that behavior turning on them.

high returns have a funny way of making people forget about common sense.

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2 hours ago, 52-80 said:

short statement of fact on the robert smith thing

https://www.justice.gov/opa/press-release/file/1327911/download

disgusting that us ants file all our shit correct and this dude can just hide away hundreds of millions for 2 decades and suffer very little consequence

Vista and their investors should also hold Smith to account that he first told the company that this was just a personal tax issue and not a big deal. How can you listen to your CEO tell you about how to do your job when he's acted the way that he has.

Weren't the two main stipulations effectively a payout to the fed govt, and giving evidence against the other guy Brockman. Brockman is now claiming dementia and is looking to get out of his trial. Whether the dementia is true or not, he's still 80 and might be able to hold off the prosecution until he dies anyway.

Why would the inability to participate in your defense prevent the prosecution from moving forward with a trial?  You somehow get out of answering to society and justice because you claim (possibly true) to be unable to defend yourself? Let's face it, his lawyers are telling him what his defense will be and what he will say. 

 

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  • 3 months later...

Mob tries to thwart foreclosure sales of prime Austin land controlled by World Class; 'I was scared'

https://www.bizjournals.com/austin/news/2021/06/01/disruption-at-courthouse-during-world-class-sales.html?ana=e_aus_bn_breakingnews_breakingnews&j=90561743&t=Breaking News&mkt_tok=NjczLVVXWS0yMjkAAAF9aHVDiqTgOw7R6PAHE1Op3E3a1p8LU7ThhhMPS1_DLWedBSJuzHla7o3A2Po7_gn8aDY5Kn4yR0Tiav5SpYeyPmyRqTCIEuN27NET0AODQGXN6Cs

 

Spoiler
Mob tries to thwart foreclosure sales of prime Austin land controlled by World Class; 'I was scared'
Much of Nate Paul's real estate empire scooped up by developerBy Paul Thompson  –  Assistant Managing Editor, Austin Business Journal
Jun 1, 2021 Updated an hour ago
Dozens of rowdy protestors descended upon the Heman Marion Sweatt Travis County Courthouse on the morning of June 1 in an apparent effort to disrupt the day's slate of scheduled foreclosure sales.A combination of whistles, chants and shouting drowned out efforts by trustees to conduct nine foreclosure auctions on properties owned by Nate Paul's World Class Holdings, including for the real estate firm's downtown headquarters at 303 W. Ninth St. and its prized Northwest Austin campus once occupied by 3M. The scene at one point appeared on the brink of turning violent, as crowds began pushing and shoving around a trustee attempting to conduct a sale.
Jeffrey Contreras is an auction team member at Roddy's Foreclosure Listing Service, which tracks foreclosures for real estate firms. Contreras said he was shoved by one of the protestors as things got testy.
"I was scared," Contreras said. "Then security grabbed me and they put me behind them."
Dozens of law enforcement officers arrived, armed with pepper balls, to calm the crowd.
"You've got 10 minutes to leave, and then you're going to be arrested for a class B misdemeanor," shouted Capt. Xavier Montalvo with the Travis County Sheriff's Office.Once the crowd disbursed and the dust settled, all nine World Class properties appeared to be sold, primarily by credit bid to the lender — an entity controlled by Karlin Real Estate LLC called ATX Debt Fund 2. Karlin is a prominent real estate player in Austin. See some of its recent deals here.
World Class rose to local and national prominence in recent years as Paul employed a long-term buy and hold strategy. Many of the prime properties he has bought have sat vacant for years, and promises to build major projects on some of them failed to materialize. The business has been hobbled since federal authorities raided its offices in August 2019. World Class has filed more than 20 bankruptcies in federal court in Austin. An untold amount has been spent on lawsuits and other legal action — with World Class being mostly on the defense.
 
 
 
 

 

 
 

 

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