Crazy story. I feel really bad for the guy, especially knowing how hands on his dad was earlier in his career. It's awful.
http://bluejacketsxtra.dispatch.com/con ... sided.html
For some reason it won't let me post the full article here. But it's worth the read.
Columbus D-man Jack Johnson is Bankrupt
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- dmiles2186
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Columbus D-man Jack Johnson is Bankrupt
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Re: Columbus D-man Jack Johnson is Bankrupt
That's crazy and sad to think that his parents might have taken advantage of him so much.
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Re: Columbus D-man Jack Johnson is Bankrupt
That really sucks. I feel bad for him...up to a point.
As soon as the first lawsuit came his way over his parent's $1 million money grab just a month into this whole thing and then the $2 million money grab loan (at a 24% rate!!!), he should have put the brakes on everything and stripped his financial planning power away from his parents right then and there.
He was getting sued very early on...but he didn't act...or at least it doesn't say he did. I'm sure there were conversations with his parents, but he should have realized early on that he was in a bad situation.
Fool Jack Johnson once, shame on his parents. Fool him 50 times and put him $15 million in debt over a course of 6 years? Shame on Jack Johnson.
As soon as the first lawsuit came his way over his parent's $1 million money grab just a month into this whole thing and then the $2 million money grab loan (at a 24% rate!!!), he should have put the brakes on everything and stripped his financial planning power away from his parents right then and there.
He was getting sued very early on...but he didn't act...or at least it doesn't say he did. I'm sure there were conversations with his parents, but he should have realized early on that he was in a bad situation.
Fool Jack Johnson once, shame on his parents. Fool him 50 times and put him $15 million in debt over a course of 6 years? Shame on Jack Johnson.
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Re: Columbus D-man Jack Johnson is Bankrupt
He should sue his parents!
He says he doesn't want to pursue criminal charges against them but has cut off all contact with them.
He says he doesn't want to pursue criminal charges against them but has cut off all contact with them.