Ferrari Mailing List: Re: STrange Business Ethics

[Hunter N. Schultz (hns]

Hola Larry,

All I can say is that he is a fraud artist. It would be a crime 
regardless of who loses.

Merry Christmas,

Hunter

LarryT wrote:
> Hi Phil - 
> Yeah, that states it pretty well.  I'd hate to think I'm foregoing a fortune in "free" money and this is
> the every elusive "secret of the super rich" I've heard about all my life.  I 
> tried to convince the guy that corporate or not, it is still *someone's* money (right??) 
> and if I create a situation that will allow me to not
> put my own resources at risk I might not put the proper effort into it since I have such an inviting parachute just waiting for me to bail out.  
>
> It just doesn't seem the right way to do things.  Yep Phil, you and me are naïve and are 
> throwing all that money away (but hey, it's not real "peoples" money")  -  I bet the 
> shareholders of that corporation  might be a disagree?!!
>
> Thx for the comment - 
> LarryT
>
> OilAnalysis Time? 
> Looking for Weber Parts or Porsche Posters? 
> www.youroil.net 
>
>
>
>
> From: philville dejazzd.com 
> Sent: Friday, December 18, 2009 10:48 AM
> To: LarryT 
> Cc: The FerrariList 
> Subject: STrange Business Ethics
>
>
> Personally I think you are suffering from the same problem that I do....you do 
> not know if it is a legal proposition or legal to do , you know that it does 
> not fit well with your personal ethics....but you get mad at your self for not 
> being willing to take advantage of it regardless of whether it is legal or not.
>  
> And thats my story.
> Phil
> ----- Original Message -----
> From: LarryT <l02turner [at] comcast.net>
> Date: Friday, December 18, 2009 10:38 am
> Subject: [Ferrari] OT  NFC -- STrange Business Ethics
> To: Phil Tegtmeier <philville [at] dejazzd.com>
> Cc: The FerrariList <ferrari [at] ferrarilist.com>
>
>   
> > Hi Gang -
> > Got a call yesterday from a guy saying he'd set me up in a LLC 
> > for free and 
> > help me establish a $500K corporate credit line.  His idea 
> > was to emulate 
> > "rich people like Donald Trump" and borrow using a corporate 
> > account so 
> > personal holdings are not affected.  He said I could do 
> > anything I like, 
> > retire, close the business etc and walk away from the loans.
> >
> > I said I couldn't treat people like that - he said it wasn't 
> > "people's money 
> > but corporate money".  I still didn't want to go along and 
> > he persisted in 
> > saying I could get all that money for free and then just walk 
> > away without 
> > any liability.
> >
> > I finally got rid of him but the call bothered me for a 
> > while.  This seems 
> > terribly unscrupulous and bordering on illegal.
> >
> > Is it true?  Do so-called rich or successful people 
> > establish a S or LLC 
> > then load up on credit before walking away?  I understand 
> > the liability 
> > protection but it still sounds wrong.
> > Am I being naive?
> >
> > LarryT
> >
> > OilAnalysis Time?
> > Looking for Weber Parts or Porsche Posters?
> > www.youroil.net
> >
> >  
> >
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