Burying a Dream

Friday, July 2, 2010

I'm not quite sure how much to detail or where to pick up, but I'm a little sad right now. The news that I previously alluded to, but did not share regarding the acquisition of the companies is currently not a nice story.

Basically, we were conned. I want to feel embarrassed, but I can't quite but my finger on what? Embarrassed by our hope? Our desire? We didn't go into it blindly; our lawyers were involved, financial planners. We had access to current financial books . . .

Long story short, Tony contacted a seller who didn't actually own the company that he was selling, anymore, but had previously before the prior owner re-bought the company at a loss. The man who we were dealing with successfully played Tony and Scott off of the current owner so that they would not communicate and realize the deception. He was in it to make a small profit in order to pay back the original owner what he owed him from having to be bought out. He is The Crook.

If only it were that simple. Along the way, in attempts for financing, another company was brought into the picture. This company is the company located over an hour from our home and is where Tony and Scott currently work as contracted owners.

So many legal contracts have been broken it makes my head spin. Have you ever met someone who lies as often as they draw a breath? Who's morals make you queasy? Unfortunately that is the "brother in Christ" we were working with.

I hate that I know what the passenger of every slowly sinking boat feels. The terror, the hope and ultimately the flailing attempts made to dump out water. That was us, for way longer than I am comfortable typing and yet, we just kept trying to make it work. We just didn't understand the depth of the situation.

The lying, corruption and lack of response to our threats all made perfect sense with a sudden phone call. A business partner called Tony and asked that Tony detail his involvement with The Crook and what stories had been told to us. And then the truth came out: The Crook is filing for bankruptcy.

This whole thing? Our small part? Not even the tip of the iceberg that brought down our ship. No wonder he could lie to us with such consistency, his whole entire life was a charade. He was incapable of telling the truth, because everywhere he looked he'd fabricated the view. There are some big names that he owes a lot more, but sadly we may never get our due.

He didn't name us on the bankruptcy schedule as a debt and we've contacted our lawyer on appropriate action for rectification and have been advised to desist. Basically because of the complexity of his case, while we have a valid claim, it would take years of pay garnishing to be paid back. Add to this the price to prosecute and the potential cost of keeping tabs on The Crook to ensure that his pay is garnished? We'd be better off keeping the money we do have.

My Mom and I would like to pursue criminal charges regarding false representation, at least as a starting point, but Tony is just weary of the whole situation. Additionally, there may be lack of paperwork to actually show that the company was bought back from The Crook, which would obviously stop the case. I just don't know enough about our options.

Tony and Scott are currently operating Company #2, which thankfully is a world away and without any ties to the first . . . except that we don't own it. We are running it based on a contract for deed, provided that the financing was coming for the purchase of Company #1 and Company #2. The owner is aware of The Crook's dealings and is willing to work with Tony and Scott. Thankfully they do have options for self financing now and are doing quite well at running the company. There is still hope.

Unfortunately it does not have the cash flow of Company #1. One of Tony's primary goals in self-employment was to allow me to stay home as a work from home mother. And that my friend's is the dream that I'm burying, for now.

Not too deep,
in an easily accessible location,
but burying all the same.

14 comments:

Hwillmama said...

Hi,
First, I would like to say that I'm sorry that you are going through a difficult time with untrustworthy people. I firmly believe that we are supposed to learn something from difficult situations...now what we are supposed to learn I have no idea lol I'm still working on that.

Second, I have been following your blog for over a year now....so just let me introduce myself....my name is Heidi and I love your blog.

I am struggling too with what I want to put out for the blog world....I can say that I really do enjoy the honest tone of your blog....it is very captivating.

I have recently started a blog and have written a post on the blogs I love...I included your blog....if you want to check it out...here's the link:
http://littleglimpsesoflife.wordpress.com/2010/07/02/the-reason-why-i-blog-awesomeness-online/

Heidi

kari said...

Leah, I'm so sorry. I'm praying for you.

Write to Simplicity said...

Oh Leah, I am so sorry. Everything you have been through... What a frustrating and disappointing result!

julie said...

Leah, I am so sorry to hear about this. It seriously sucks when you get put into a situation with dishonest people. Praying for you guys.

Lauren said...

Oh what a tough time. I'm so sorry for what your family is going through.

Andrea said...

Oh Leah, I'm so sorry. Hopefully this is just a rough patch before major blessings. Don't give up that dream of staying home :)

Randine said...

Leah..No :( Jeez I am so sorry. This guy sounds like such a tool. Ugh.

Meredith said...

I'm so sorry that you guys are in this situation...UGH. Thinking of you guys :(

AJ said...

Leah, :(. All I can do is ((hug)) and say "chin up." Crooks are not nice people. Not nice at all.

Megan said...

Yuck, what a messy terrible situation to be in. I am so sorry. I hope you guys are able to enjoy your weekend regardless!

I'm Molly said...

I'm so sorry, Leah. You'll get there hon. You're so talented and believe me, that talent will NOT be wasted. Not if God can help it :)

Rambling Renovators said...

Leah, you're not burying a dream. You are planting it in the earth, giving it time to grow and take root. You'll get there sweetie. Tony is lucky to have you there by his side through all this, and Isaac is lucky to have a mom who loves him as much as you do.

Sarah Louise said...

Oh Leah! I am so sorry...this must be so disappointing.

Nancy said...

I just read this leah.. Sorry to hear about all of this that you have been through. I can only imagine the pain and fustration this has caused. Keep your chin up my friend:)

 

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