The Nine-Seat Dinner: How a Co-op Became a $14M Lie
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ポッドキャストのフォローに失敗しました
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The Nine-Seat Dinner: How a Co-op Became a $14M Lie
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Trust freezes in a farmhouse with a white fondant cake set for nine and not a single guest - nine people thought they owned a rural property together, but public records show one man held all the power. This episode centers on how an LLC supposed to unite neighbors turned into a secret transfer that left nine investors empty-handed: who signed the filed document a month before anyone closed on the deed?
In this episode, we tell how the Linden Compact formed, what the operating agreement promised, and the moment members discovered a different document had been filed with the state - could the co-op have been undermined before it began?
Person: Jerry Lawson
Person: Janet Burke
Event: Deed closed in February 2010
Date: Filing with Tennessee Secretary of State in January 2010
Case: Linden Compact LLC
- Nine households planned to pool funds, each contributing between $18,000 and $35,000.
- The operating agreement contained a 60-day exit clause on page eleven of a 15-page document.
- The deed transferred to Linden Compact LLC in February 2010 with nine signatories.
- A different LLC filing that named Jerry Lawson as sole managing member was submitted in January 2010.
- Letters to members arrived in October 2010 showing envelopes opened and resealed with mismatched tape.
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