At Law, This Is Known As A Materially-False Statement (About Financial Condition), Intended To Cause Third Parties To Contract, To Their Detriment…

…as such, it is actionable, under most states’- and federal- laws.

Actionable, if a lender, or an investor or limited partner or customer, supplier or construction firm… working with or for any Tangerine-affiliated world-wide project is made to expend more funds or incur more losses than would have obtained, had the challenged statements actually been… true.

It is convenient that he has set the statements out — in writing, for the world to see, effectively on national television (gab.com), in an advertisement on his own personal verified account, no less — at a time when it is certain that various lenders (at least) are considering calling his loans (in default) — for lack of audited financials. For ten years.

If, in fact, he is “loaded with cash” and “has very low debt” he will weather this storm. [But his lenders paint a very different picture.] If those statements are NOT true, in turn — and he causes others to forego better, more stable opportunities, or expend extra cash (due to collection delays, or interest charges made by/to others)… those people can and should sue his now shaky “empire”. And him personally. He is personally making the above highlighted claims. Not the Tangerine web of companies — in a non-recourse fashion.

This is the sort of fraud that goes well-beyond simple puffery. His accountants last week withdrew his audited financials for the last ten years. That is a fact. A materially negative fact. So he here offers what he regards as a materially positive assertion — of purported fact, to counter the withdrawal.

So, this at above right is intended to stop the bleeding. But IF he is lying about these material financial matters — his lenders are certainly being damaged by these lies.

Stay tuned. Much more to come.

Out — grinning…. ever, grinning.