nerdlinger wrote: ↑Sat Nov 26, 2022 11:12 am
I know the difference between equity and cash which I why I used the word equity. It’s not the kind of word you use by accident.
It’s still beyond credulity that anyone would choose to stay in jail rather than appoint someone to sell some of that equity on your behalf.
Violet seems to be presenting the idea that this Jim character is the only person in the entire world eligible to buy the property off him, or that you can’t appoint an agent from inside jail.
(If anything, it would be more understandable if it was cash, cause the authorities would’ve likely confiscated it if he’d been carrying it to a drug deal)
According to Pedrotta he was seeking to sell 20 percent of his resort for 120k to get back some of the initial investment. This suggests that he had an asset worth $600,000 at the time of his arrest.
He must be a business genius because according to his LinkedIn page he was only MD of this fictitious resort for 3-4 months. Now I have spoken to a couple of his old colleagues this week to refresh my memory - neither of them remember his involvement with any resort. And believe me, Pedrotta was the sort to boast about anything yet noone heard a squeak about it.
Elsewhere on another thread he has this week said his wife had recently come into $100k from her parents.
And yet he had no money to pay translation? Does this strike you as credible?
Where is this resort now? No one knows. There is no record of it online. Did is simply disappear along with his investment when he got arrested? Does the land no longer exist?
A year or so after his release from prison and his return to Australia Pedrotta went back to an old hobby - writing letters to the press. In one he berated the government because his unemployment benefit of A$603 a fortnight is not enough to support him and his family of four.
Perhaps he should go back to Thailand now and sell his resort.
Theory - the resort and the story of the arrest while trying to sell a stake to James was thought up post-prison to justify himself . It’s easy to add a lie to a social media page; it’s less easy to make a resort investment disappear.