The company has 20k in assets. The money paid for the original work has already been spent on various “consultants” and other nontangible expenses. Many to people or companies that only exist on paper and all funnel back to a few individuals.
The company is found liable, but doesn’t have the resources to pay for restorations and folds. No money is ever returned. No repairs are made. The $14m is “gone” in the bank accounts of the corrupt.
A new pool company is opened, the assets from the first are sold at bargain prices to the new to liquidate it’s measly assets to satisfy courts and bankruptcy requirements. All are ready for a new grift.
Let’s bring back debtors’ prisons then. I’m fucking sick and tired of all the “there’s nothing we can do” bullshit. There ARE things, but no one has the stomach for them.
Debtors prisons are pretty terrible and hurt the vulnerable.
Remove a lot of the legal separation between a corporation and those that own and run it. Make the owners and leadership liable and don’t stop at the articles of incorporation.
The company has 20k in assets. The money paid for the original work has already been spent on various “consultants” and other nontangible expenses. Many to people or companies that only exist on paper and all funnel back to a few individuals.
The company is found liable, but doesn’t have the resources to pay for restorations and folds. No money is ever returned. No repairs are made. The $14m is “gone” in the bank accounts of the corrupt.
A new pool company is opened, the assets from the first are sold at bargain prices to the new to liquidate it’s measly assets to satisfy courts and bankruptcy requirements. All are ready for a new grift.
Let’s bring back debtors’ prisons then. I’m fucking sick and tired of all the “there’s nothing we can do” bullshit. There ARE things, but no one has the stomach for them.
Debtors prisons are pretty terrible and hurt the vulnerable.
Remove a lot of the legal separation between a corporation and those that own and run it. Make the owners and leadership liable and don’t stop at the articles of incorporation.