Friday, February 15, 2013

Accounting Record Released

I just spent an hour skimming over the 4MB attachment sent to me through email recording all known money that Mac's received and paid out. First off, I have to say, it is a small world and many names in this efile I know personally. There are a lot of very good, smart, kind people swept up in this drama.
My head is spinning in trying to wrap my head around the amount of money that went through Mac's hands. I see it highly likely that Mac became desensitized to the lenders/investors plight from handling hundreds of thousands of dollars each week for years! What is $80,000. to Mac in feelings. I sincerely doubt that he can appreciate the magnitude of loss.
I suggest you all get your hands on a copy of this document and verify the accuracy in each of your individual cases. I will get the name and contact number of who we should all call to either confirm the numbers or challenge. It would speed the legal process up if we all contacted the person verifying instead of waiting for a call.
I am developing a lot of questions and cannot fully articulate them in this post, but inconsistencies abound. It appears some got paid without putting a penny in. Some no doubt are considered hired to do work for the movie, but not all. There was $34K paid to a funeral home. I don't think anyone died in the filming :-)
There are some lenders/investors that did get very rich - much more paid out than put in, while others have gotten nothing.
There is a pile of money recorded going in and out with no connection to a person or business.
You can see the money pouring out to Lou from 1999 - to November of 2009, thousands at a time. In one day, there were two payments to Lou for $11K. It wasn't like Lou was paid on any schedule - but rather haphazard and many days one right after another!
As a business person myself, I am looking at nothing shy of bizarre.  It appears that Mac ran a multi-dollar business with absolutely no consideration to even basic business practices. It makes no sense. I have yet to hear any satisfying explanation to how one person could so tragically fail.
I would love to continue the dialog.