AnatomyofaFraud.com
Fake Projections Exh #8
Note that CCT HAD IDENTIFIED THIS AS “Real Estate Merger -
SO They made 3 versions, none of which they needed, none of which represented what they expected, they knew it would be $1.3. DO YOU KNOW WHY ALL THE TROUBLE?
DO YOU KNOW WHY ALL THE POURING OVER AND PREPARING AND MESSAGING AND LOOKING AT IT BY THE 3 EXECS, WHO BARNSTABLE THOUGHT COULD CARE LESS?
Plausible Deniability. “Projections are not actionable” they argued, Making 3 they
could pretend to innocently choose the Middle -
Consciousness of Thought. They simply got sloppy and let Fontaine get his Hands on the FOURTH, by pure chance, years later, their 1st, The Smoking Gun!
EVERY SINGLE CALCULATION IN THESE 3 “PROJECTIONS” IS KNOWINGLY FALSE..
CCT Names the 1st “Initial Projections” -
They figured that term would be for my consumption only.
*EITHER THAT or 1 of the 3 Made RE Merger, hiding it from the other 2? ANYONE Still believe ALL of these 3 thought up Bundles on Jan 9, 03 (Aside from the Commonwealth of Massachusetts).
PROBLEM IS, I SPENT 5 YEARS WORKING FOR THEM, AND IT WAS A CONSTANT TENSION BETWEEN ME AND THEM, ABOUT BUNDLES, MY JOB IN THE MIDDLE OF IT ALL. AND I HAD TO SIT AND WATCH THEM MAKE MOVES THAT WERE CLEARLY AND OBVIOUSLY DETRIMENTAL TO MY SALE PRICE, TO OUR CONTRACT. NOW I KNOW WHY. SO DEVIOUS THEIR SCAM, THEY USED THE EMPLOYMENT RELATIONSHIP AGAINST ME WHILE ENACTING THEIR FRAUD RELATED TO THE P&S, RIGHT BEFORE MY EYES.
Other Problem is, they stole a small fortune from my family that we suffered to build from scratch. My children lived different lives, so execs could get bonuses, lawyers fees, and corporations profits. HECK, even the Clerks and the Courts and the Judges get paid through the Judicial System. They only one who didn't get his taxes worth, of Justice, was me and my family.
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Consider this exchange -
As I informed the Appeals Court of in my 2013 Appellate Brief, The three of them
hesitating to go from 18% to 20% Revenue Share -
We KNOW at that point, between the June and July 2002 Offers (and unsolicited $4.3
projections), they know $1,300,000 would be the likely figure. They were “deducting”
the 1st $100,000 per year, claiming they were already doing $100k, they weren't.
So they KNEW $1,300,000 less $400,000+-
$55,000 is 2% of $2,750,000. So CCT used the “middle of the road scenario most likely”,
of their intentionally over stated Projections. NOT the $1.3 with Bundles THEY were
relying on. WORSE (yes it keeps getting worse), they even forced me to give them
6-
So when you see the 2002 Smoking Gun, when you see me inquire about Bundles Oct 16 or the Altered P&S, when the Appeals Court says I asked about Bundles on July 18 2002, when you see CCT invent Bundles on January 9 2003, inform me of 90/10 policy in 2004, REMEMBER YOU ARE DEALING WITH THIEVES! I AM SIMPLY ACCUSING PEOPLE OF THEIR OWN WORDS & DEEDS.
Fontaine Exh #2. CCT had obviously 1st Projected this deal in 2001!
Exhibit 2 shows Meyer, Kempf and Evans were already “on board”, they are talking about convincing Dow Jones and Langhoff to go for it.
The 1st Projection, the Smoking Gun @ $1,300,000 HAD to be the one they gave DJ,
since it counts a full year of Bundles for year 2002, and also assumes a July Closing
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OBVIOUSLY “the process” was convincing DJ of the financial ramifications. So they were including expected Bundle revenue for 2002, in 2001, but prevailed in Court claiming they thought up Bundles Jan 2003.
Using actual pricing which they controlled, the assumed $1,300,000. Come to find out we did about $1,200,000 in revenue.
By July Offer they give me a projection of up to $4,310,000. So somewhere between their 2001 projection and July 2002, CCT’s analysis of revenue increased by $3,000,000. All 3 agreed 1.3, then all 3 agreed 4.3.
I doubt the “behind the scenes” was giving DJ the $4.3 in July.
Below, July 2011, the Court had to threaten CCT with sanctions, for not making Controller Hundt available for deposition. He’d know of the $73,000 in 2002 Bundles! Wonder why a company with nothing to hide needs to hide the Guy who counts the money?
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Real Estate Merger Analysis -
The Idea that CCT Pretended to invent Bundles Jan 2003, or actually projection and worked towards doing $4,310,000 during the sale, is ridiculous!
The idea the state of Massachusetts allowed them to admit the crime AND get away with it, is something even worse.
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Listen to Ad Manager Evans describe in Aug 2010 Depo the effort these 3 top execs
put into making these “three” Fake projections, while sitting on the real one, the
4th, Real Estate Merger Analysis -
“Andrew” Evans refers to is Andrew Langhoff, then CEO of Dow Jones,negotiating my deal. He left news Corp due to a circulation Scam. Add him to NM&F, H&K and closing attorney Dalton.
Ya, Andrew and the Company SHOULD “be happy” They know of the Real $1,300,000 with Bundles since Oct 2001. They CERTAINLY weren't given $4.3 in July 2002. Or Jan 9, 2003!
“Bob’s Counter Offer” -
July 2002 they change it to 20% “Enhanced
Offer” @20%, “projection” is $4,310,000.
I didn't give THEM a projection, I told them we could do better than $4,310,000.
I
didn't have the underlying data they used to make these projections. It was FAKE.
THEY
WERE COUNTERING USING THE FAKE “ENHANCED” PROJECTION FIGURES.
The dominant Internet and dominant Print businesses in this market. BOTH agreed we COULD do over $4 million in 4 years. $1.000,000 per. And CCT had “no revenue to speak of”, having tried back to 2000 at least (Kempf). So what was MY business worth to CCT? Millions. As their Scam would pay me $200,000.
“Middle of the road scenario most likely” Sure -
*Evan’s Deposition above quoted from pg 37 of the Aug 2016 Certified Letter I sent to NM&F.
GEE, I almost feel bad for the 3 doing all that work. If it weren't simply outright
fraud!
Makes you wonder why not a single one of the three bothered to remind the others
“what about the $525,000 in Bundles and 90/10 Bundle Policy we created in 2001, for
2002-
“Initial Projections” Intentionally misnamed for no other reason that deception.
This is NOT their “Initial” Projection.
“Enhanced Projections” Appropriately named,
but for the wrong reason, intentionally overstated by $3,000,000.
“Bob’s Counter Offer”
This has NOTHING to do with ANY figures I gave them. You cant counter a FAKE projection!
The mere VOLUME of deception employed by these people continues to astound me!
This is the Projection Ad Manager Evans says her, Meyer and Kempf “poured over and poured over, molded”, it was given unsolicited.
We now know (See Smoking Gun ), the already HAD priced the entire sale, with Bundles allocating 90% to Print, excluded from Sale Price, where the 3 expect only $1,300,000 with Bundles. The 3 of them didn't need to “pour” over anything, they didnt even need this projection, they already had the real one. This one ignores the Bundle factor. A $3,000,000 lie.
The AUDACITY of this company! They gave me fake projection by 3 million, they conceal Bundles until after the p&s, they Alter the P&S so they can do the 90% allocation “policy”. Then they conspired with 2 noted law firms to deceive the court using the same method of operation, the Jan 9, 2003 Charade. And won. THEY KNEW $4.3 COULD NOT HAPPEN WITH BUNDLES.
Below I describe:
Exhibit 8, a Projection CCT presented with the July 2002 Offer,
claiming to project up to $4,310,000 during the 2002-
Exhibit 16, CCT’s final calculations of Revenue
Share & Wages for the 2002-
Exhibit
12, CCT claimed (in writing) 2002 they have a pattern of aggressive year over year
growth, they tell the Court there “was no past”, “this was a new business” Was there
a 2 year history ? “No”.
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Fontaine Exhibit #12 -
But they tell the Court a completely different story (From pg 51 Of Aug 2016 Journal to NM&F): WHAT IS THAT?
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Think Of What They Are Doing Here!
It’s a month past the August closing CCT expected, and they are STILL telling me they think they will do $150,000 in 2003.
Point he’s TRYING to convey is that the $100,000 “deductible” is actually beneficial to me.
But we know they weren't doing $100,000 in 2002, and had no basis to expect $150,000 in 2003. “Just Starting Out”.
We know they claimed $75,000+-
We know they have hidden from me, and now the Courts, $73,000+-
WHAT THEY DID WAS, the renamed “Bundles” in their billing after the sale, so they could claim it as regular advertising revenue.
KILL TWO BIRDS WITH ONE STONE. They get to hide 2002 Bundles and Also legitimize the $100k Deductible.
When CCT says they ‘wanted to provide you with incentive” -
THAT is when Incentive became Inducement. “Lets just say we are being very fair” NO, LETS NOT.
“We very much want to get this deal done and have all along” I can sense that, because you perpetrated a million dollar + fraud on me, then paid layers to commit litigation fraud!
Remember, Kempf personally “messaged” a $4,30,000 “Projection” he gave me with the July Offer two months prior. As he was sitting on the 2002 $1.3 Smoking Gun , where he counted $525,000 in Bundles. Come January 9, 2003 he will “conceive” of Bundles, to get to $1.3.
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Fontaine Exh #16. CCT Recap of Wages &Revenue Share.
CCT pretended to start Bundling on January 9, 2003. Except they didn’t.
CCT required ALL the sales staff to Sell into the deal exclusively through Bundles. FOR THE ENTIRE DEAL. Only THEY knew they were plotting a 90% Bundle diversion.
Fontaine sold Internet real estate advertising directly to Realtors, even as CCT changed his Job Description to force him to sell Bundles too.
Fontaine’s 10% sales Commission under the Employment Agreement totaled $112,000. Or $1,120,000 in Revenue.
TOTAL Revenue for the deal is shown as $1,250,000+-
Meyer said in deposition they started Bundles in Jan 2003 “to increase Internet real estate revenue”, sure, by selling exclusively through a Program he himself developed, which diverts 90% away from Internet.
AND HOW THEY WERE SO CLOSE TO 1.3 AND SO FAR FROM 4.3?
Personal note, Evans said in deposition that I was difficult to deal with, and was not “good at selling, which is what he was hired to do”.
That's funny Molly, because I sold 90% Revenue the deal realized, in spite of you 3 hindering me all the way to the CC Hospital Emergency Room.
And in spite of working thousands of overtime hours, and CCT tells the US DOL my “Primary Duty” was as “Manager, with supervision”. If they had been honest with the Gov, and said the obvious, sales, they would owe several hundred grand OT!
“Requested Review” -
*They Projected $4,310,000 in Revenue in 2002, they contributed $130,000.
