Builder Owes $6M to Customers for Unbuilt Tiny Homes, Blew Money on Race Cars and Vegas Trip: report
nypost.com | September 7, 2023 | Allie GriffinA builder in Colorado owes $6 million to customers who never received their promised tiny homes after he allegedly blew the cash on race cars, real estate and lavish trips, according to new bankruptcy filings.
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The nonprofit company spent more than $400,000 to buy and repair race cars and other vehicles in addition to $35,000 in real estate in Colorado and Alaska, according to an 81-page report filed Friday and obtained by the local Fox affiliate station.
It spent another $32,000 on meals and $55,000 on travel to Las Vegas. Just $10,000 of the travel expenses “appear to be related to the delivery of the tiny homes,” according to the court filing.
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The spending spree happened between October 2020 and August 2022, the same time the nonprofit was collecting deposits from customers for tiny homes they never received, KDVR reported.
Money spent on a Vegas trip is never blown, that’s extra.
They just needed to let the plan play out. Obviously he used the money to buy and fix up the race winning car. Did some schmoozing to get it entered into the big race, and then went to Vegas to place some bets with a little insider knowledge. Come race day, everybody would have reaped a HUGE jackpot plus all the Vegas winnings, allowing the builder to deliver the tiny homes at the affordable prices he had promised. Duh.
Tiny houses (tiny houses)
In the queue (in the queue)
Never get built (never get built)
Now we must sue (now we must sue)
Tiny houses (tiny houses)
Cash up front spent all over
Got a feeling that he’s gonna
Get sentenced to a lot of time
Don Ho Ho Ho,