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The lawyer's statement was that there was no cash left. They'll have to investigate further to find out what, if anything, they bought that can be sold -- like the BMW. Sounds like they spent a lot on trips and gambling.
I hadn't thought of gambling. Yes, you could lose that amount in an evening.
Stupid people who keep giving to a fund when it already has far more than the intended purpose - practically begs for abuse.
I saw a Gofundme once, where someone donated 5 bucks just so they could comment how awful the cause was. (And the cause WAS really stupid.) I just shook my head. That 5 bucks was still going to the stupid cause. LOL
IMO, the money belongs to Bobbitt, and should be given to him. The couple, they are not his keepers, and if not legally, then morally they are defrauding Bobbitt.
And I don't believe the excuses they've used for spending the money. I think once they saw the BIG bucks rolling in, they decided he didn't deserve it.
I'm curious about the legal ramifications here. Does a homeless man sue the couple for the rest of his money? Does he sue GoFundMe?
Or...is this the new frontier? The new Wild West? A "buyer beware" scenario? I'm super curious about all of this.
This story just is weirder and weirder. First, I do believe a homeless man with $20 in his pocket would buy gas for a stranger. In his memoir, "Will Work For Food", Bruce Moody describes that very characteristic of the homeless - if they have money and are asked for it, they're typically willing to share it.
But I don't believe this couple burned through 250K (I guess they gave some to the homeless guy, who presumedly bought drugs) and have nothing to show for it that can be liquidated, even for a fraction of the original balance.
Persons have blown through far more money in same or shorter amounts of time with "nothing to show" for it or whatever.
First and foremost just because the $250k or whatever funds aren't in the bank it does not mean it was spent. The couple could have transferred some or all of the unspent funds to anything from an offshore bank account to one just out of state. That and or purchased bonds or other negotiable instruments. Finally the cash could be stashed in a safety deposit box or otherwise hidden.
Obviously if you are intending to scam someone out of large sums you don't purchase things that can be sized. Well not with all the money anyway.
This is about as low as you can go. The homeless guy is back under a bridge, and the boyfriend claims he'll burn the money before he gives it to the guy it was originally raised for.
I think what's lost in the story is the social network skills and power of persuasion the couple has. They're a good looking, young couple and very photogenic.
If I tried the same thing with my lack of charisma and small, fragmented social network of middle aged people, I'd be lucky to get $1000.
I've seen one person with a very serious advanced stage of cancer get less than $5000 and another person with a much less serious case get over 100K on GoFundMe. This world is all about convincing people...
Persons have blown through far more money in same or shorter amounts of time with "nothing to show" for it or whatever.
First and foremost just because the $250k or whatever funds aren't in the bank it does not mean it was spent. The couple could have transferred some or all of the unspent funds to anything from an offshore bank account to one just out of state. That and or purchased bonds or other negotiable instruments. Finally the cash could be stashed in a safety deposit box or otherwise hidden.
Obviously if you are intending to scam someone out of large sums you don't purchase things that can be sized. Well not with all the money anyway.
I know. That's what I was saying, when I said it's hard to believe they blew through that amount and have nothing to show. That was what I was getting at. I don't believe it.
Persons have blown through far more money in same or shorter amounts of time with "nothing to show" for it or whatever.
First and foremost just because the $250k or whatever funds aren't in the bank it does not mean it was spent. The couple could have transferred some or all of the unspent funds to anything from an offshore bank account to one just out of state. That and or purchased bonds or other negotiable instruments. Finally the cash could be stashed in a safety deposit box or otherwise hidden.
Obviously if you are intending to scam someone out of large sums you don't purchase things that can be sized. Well not with all the money anyway.
Very true, but if they transferred the money or just invested a large sum in the market that can be traced.
I read somewhere that the homeless dude was in on it all along...let me look.
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