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legion legion is offline
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Join Date: Sep 2004
Location: State of Failure
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Sounds like after he "left" GM he was essentially a high-end con man always looking for his next victim to perpetuate his lifestyle. Well, that may not be completely accurate.

My dad essentially did exactly what DeLorean did, for many of the same reasons, just at a much lower level. My dad was essentially an IT consultant. He'd land a big contract, in the beginning he'd fully intend to deliver on the promises he made, but despite his confident reassurance and smooth sales pitch, he wasn't really capable of following through. Somewhere along the way, the pile of money he'd been given was just too tempting not to spend. Sometimes he'd even successfully go back to the well multiple times, citing unexpected "problems", without really delivering anything. Occasionally he would deliver something small and below expectations. I've now pieced together that he raised $40,000 from friends in family to get his business going in 1985. He immediately turned around and bought a Mercedes-Benz 300D for $35,000 and put $5,000 into the business, mostly to buy high-end furniture. In 1989 his grandmother died. He was executor of the estate. He convinced the other heirs to keep their money in a trust that he "invested" on their behalf. He really just spent the money. He sent out "statements" that were completely fabricated for a number of years (Bernie Madoff style), and then stopped communicating when some of the other heirs asked to withdraw some money.
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Old 12-19-2018, 06:22 AM
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