fraudulent conveyance
Big shoutout to my allies for today’s legal deep dive: Fraudulent Conveyance! It’s that classic corporate trick of moving assets around just as lawsuits come knocking. Imagine signing a management service agreement to sell off the very assets you’re being sued for—kind of like trying to pass the hot potato right before the game’s over.
We’ve seen this before, folks. Remember Enron? Shifting billions off the books just before the Security Exchange Commission crash-landed on them. Or Lehman Brothers, with their “Repo 105,” making debts disappear like it’s a Vegas magic show. And who could forget Bernie Madoff, who sent funds on a world tour while investors searched for their money? Same playbook, different day.
Now, here’s where it gets fun: fraudulent conveyance doesn’t just mean the company’s in hot water. Nope, anyone who helped plan, negotiate, or authorize these tricky transfers could be on the hook too. It’s not just a bad day for the company—executives, board members, and managers could all find themselves facing personal liability. That’s right—individuals involved could be held responsible for bad faith moves, including breach of fiduciary duty and even SEC violations.
Isn’t it funny how they never use the owners or owner’s family for these “creative” negotiations? It’s always the executives left holding the bag when the heat turns up. Classic scapegoat strategy. Live and learn, right? Loving the reading material and legal lessons I’m getting these days! Makes me wish I didn’t drop out.
Can't wait to share how this all played out in the cannabis world, based on my personal experiences and legal updates? I'm planning to bring in a regulator or SEC lawyer on an upcoming episode to break down the whole situation legally. Stay tuned for the full story-this one's going to be a must-watch! My dance card is getting full…
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Word of the Day: Fraudulent Conveyance
Because when you sell off the furniture while the repo man’s at the door, everyone at the table’s in trouble.
Craft cares, corporate doesn’t.
Speak your truth.
The CannaConsigliere
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Not the nuEra Cannabis Guy.
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