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Is Michael NUTS?

Started by countryMomof4 at 2009/10/27 04:38PM
Latest post: 2009/10/30 03:05AM, Views: 1369, Replies: 88
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#51   2009/10/28 02:24PM
Re: Is Michael NUTS?
colormebadd
image

Quote KeepingItReal:
Quote suegerry: Like the monster Gloria and little gangster Kevin, Michael has no brains......his wife is also a bimbo....


lol Sue..you good! Lauren sure is acting like one....



LOL Lauren better keep her job at the boutique because if Michael try to go after Victor his goose will be cooked. I wonder what would happen if Phillis decided to sue Globug and Jeff for rent and go through Michael because he's her bff and attorney too? Amazing how those two still living there scott free, with no electricity and water and she don't know yet. Where they go bathe at the gas station?

#52   2009/10/28 02:28PM
Re: Is Michael NUTS?
Demus
image

Quote colormebadd:
Quote KeepingItReal:
Quote suegerry: Like the monster Gloria and little gangster Kevin, Michael has no brains......his wife is also a bimbo....


lol Sue..you good! Lauren sure is acting like one....



LOL Lauren better keep her job at the boutique because if Michael try to go after Victor his goose will be cooked. I wonder what would happen if Phillis decided to sue Globug and Jeff for rent and go through Michael because he's her bff and attorney too? Amazing how those two still living there scott free, with no electricity and water and she don't know yet. Where they go bathe at the gas station?


LMAO

#53   2009/10/28 02:30PM
Re: Is Michael NUTS?
Eppy
image

Quote craigishot: If Victor knew there was some kind of insider trading going on he might have pulled his money out for that reason, if what is going on has something to do with that. Jack said something about insider trading which is the only reason I ever mentioned it. Pulling his money out of the bank was not the crime, but what is....because Jack is hinting that there is something corrupt going on?
Jack thinks everything Victor does is corrupt - he spends an inordinate amount of time trying the 'catch' Victor doing something underhanded. He had to make up Victor's diary in order to pin something on him the last time. Jack isn't too swift in his efforts to bring TGVN down. Jack doesn't have a lot of room to talk or be so sanctimonious considering all the crap he has pulled in the past.

#54   2009/10/28 02:54PM
Re: Is Michael NUTS?
Eppy
image

Quote Gencor:
Quote Demus:
Quote craigishot: Insider trading is a crime, no matter who told the Mustache or how he found out, he can get in trouble for taking his money out. That's a corrupt businessman.
So either him or Nick are guilty of a crime.


It's not a crime to take YOUR money out! Now, if he "made" money of the deal...then it's a crime.

Again, when we hear about banking institutions having trouble and you know you have a substantial amount of cash is the institution in question...if you were smart, you will take your money out and re-allocate those funds to a more secure intitution.

Never keep your proverbial "eggs" in one basket.


Especially if you are trying to hide money that you don't want to pay the taxes on.

Tax evasion was Jill's motivation for plopping all her money in an off-shore account; Heckle and Jeckle wanted to hide their money from one other - ha. Who knows why Victor had a large sum in that bank...seems New Enterprises is financially sound enough to worry about taxes or risk tax evasion charges. I thought a lot of his money was in Gloria's account where he placed it for the 5% share of Jabot she sold to Victor that she 'inherited' from Katherine, providing she shut up about it - which she didn't. So, she did break their agreement and he had every right to pull out the money for the sale. Ironically, she didn't own it anyway, because Katherine wasn't dead and her will was null and void. Michael may have just inherited a big mess (again) where his mother is concerned and all her wheeling and dealing with Victor unbeknownst to anyone else.

Modified 1 times(s), last time at: 2009/10/28 02:59PM
#55   2009/10/28 03:01PM
Re: Is Michael NUTS?
Oreo123
image

After all his family has put him through the answer is a resounding..............YES!

Or...he and Lauren are probably tired of paying her bills!

Modified 1 times(s), last time at: 2009/10/28 03:02PM
#56   2009/10/29 05:50AM
Re: Is Michael NUTS?
countryMomof4
image

Just bringing this back to the front page to thank everyone for participating! Personally, I learned a great deal about stocks and insider trading.

Glo and Jeff deserve all the grief they are getting. Michael helps his mother because he "loves" her, why can't Glo show Michael how much she loves him by staying out of trouble. Oh yeah she only loves herself!

#57   2009/10/29 07:30PM
Re: Is Michael NUTS?
Eppy
image

Quote countryMomof4: Just bringing this back to the front page to thank everyone for participating! Personally, I learned a great deal about stocks and insider trading.

Glo and Jeff deserve all the grief they are getting. Michael helps his mother because he "loves" her, why can't Glo show Michael how much she loves him by staying out of trouble. Oh yeah she only loves herself!
Gloria only loves herself and the money she can squeeze out of other people. She came to GC homeless, camped at Michael's apartment them began her quest to plot and scheme to get in good with John Abbott. She inherited a fortune from him which she foolishly lost or gave away (remember Jana's warning about Karma). Then inherited William's money after she plotted and schemed to get in good with him. Then she went on another quest to squeeze Katherine's portion of Jabot, then on another quest to sell it to Victor, then on another quest to wrangle the reward money from Victor AND Jack for Mary Jane (which ended tradically for Colleen and Victor), then attempted to wrangle money from Deacon for the painting. now hoping to squeeze more from Victor for her lawsuit. The woman obviously feels entitled to grab from others, whatever she can get. Whewwww! She's been a very busy little griffter during her brief time in GC!

#58   2009/10/29 08:30PM
Re: Is Michael NUTS?
Daisy Jane
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Quote ILuvNY: Victor pulling his money out of a bank he knew was in trouble is not illegal and has nothing to do with "insider trading", which is illegal.
Insider trading is trading in a security based on knowledge that you have that isn't known to the general public.

If Jack was referring to this, it's totally incorrect.


I missed the part where Jack talked about Insider trading.

Victor just bought or is in control of the Savaneur company. Victoria didn't come clean to the board members about Victor's health last week. I think it was this week something was mentioned about the Savaneur stock.

When NE merges or acquires a new business, all financial backing is assumed by NE and they have controlling interest. Although, they allow the former company leader to continue running the company.

Could the SEC consider it illegal or Insider trading when Victoria didn't tell the board members the truth about Victor's health status, since the Savaneur company has stock?

#59   2009/10/29 08:59PM
Re: Is Michael NUTS?
Eppy
image

Quote Daisy Jane:
Quote ILuvNY: Victor pulling his money out of a bank he knew was in trouble is not illegal and has nothing to do with "insider trading", which is illegal.
Insider trading is trading in a security based on knowledge that you have that isn't known to the general public.

If Jack was referring to this, it's totally incorrect.


I missed the part where Jack talked about Insider trading.

Victor just bought or is in control of the Savaneur company. Victoria didn't come clean to the board members about Victor's health last week. I think it was this week something was mentioned about the Savaneur stock.

When NE merges or acquires a new business, all financial backing is assumed by NE and they have controlling interest. Although, they allow the former company leader to continue running the company.

Could the SEC consider it illegal or Insider trading when Victoria didn't tell the board members the truth about Victor's health status, since the Savaneur company has stock?

Daisy, the subject of insider trading came up with respect to Victor's withdrawing all his funds from the offshore bank account. The problem with that theory is that there was no insider trading. Insider trading has to do with stocks and securities - Victor removing his money had nothing to do with insider trading. I have no idea how Jack (or the writers, I mean) got that idea. Also there was a theory that because Victor removed his funds from the bank caused it to fail. Problem is, it was failing and that's why Victor struck while the iron was hot. Now, that is why Gloria wants to sue him - because she thinks he's responsible for them losing all their money.

#60   2009/10/29 10:51PM
Re: Is Michael NUTS?
Daisy Jane
image

Quote Eppy:
Quote Daisy Jane:
Quote ILuvNY: Victor pulling his money out of a bank he knew was in trouble is not illegal and has nothing to do with "insider trading", which is illegal.
Insider trading is trading in a security based on knowledge that you have that isn't known to the general public.

If Jack was referring to this, it's totally incorrect.


I missed the part where Jack talked about Insider trading.

Victor just bought or is in control of the Savaneur company. Victoria didn't come clean to the board members about Victor's health last week. I think it was this week something was mentioned about the Savaneur stock.

When NE merges or acquires a new business, all financial backing is assumed by NE and they have controlling interest. Although, they allow the former company leader to continue running the company.

Could the SEC consider it illegal or Insider trading when Victoria didn't tell the board members the truth about Victor's health status, since the Savaneur company has stock?

Daisy, the subject of insider trading came up with respect to Victor's withdrawing all his funds from the offshore bank account. The problem with that theory is that there was no insider trading. Insider trading has to do with stocks and securities - Victor removing his money had nothing to do with insider trading. I have no idea how Jack (or the writers, I mean) got that idea. Also there was a theory that because Victor removed his funds from the bank caused it to fail. Problem is, it was failing and that's why Victor struck while the iron was hot. Now, that is why Gloria wants to sue him - because she thinks he's responsible for them losing all their money.


Thanks Eppy,
I appreciate your reply.

I think the Insider Trading has to do with the Savaneur stock and company situation.

I also think Victor or someone else deliberately caused the Cayman bank to collapse.

I'll post my suspect list in a little while.

#61   2009/10/29 11:18PM
Re: Is Michael NUTS?
Daisy Jane
image

Victor was the largest investor in The Caribbean Bank of Corozal in the Cayman Islands.

Previously, Jeffrey blackmailed Gloria out of her $50 million when they divorced. He put all the money in the Cayman bank because he knew Victor had money there and figured it would be safe. Gloria's 5% money for the Jabot stock was there, too.


The events happened in the order listed.

May 1st & 5th:
* Jill, Jeff and Gloria talked about teaming up against Victor.

May 7:
* Nick tells Victor about his concerns about Victor's investment at the Cayman bank
* Nick advises Victor to take his money out because the bank is in trouble
* Nick had a tip, an hired a forensic accountant to evaluate their assets
* Victor tells Nick to handle it. Nick says "Done."
* Gloria confesses to the product tampering and the judge awards Jabot double the damages
* Jeff gets a call that the Cayman bank is going under, and he'll lose his money.


May 11:
* Jill gets a phone call about the bank going under.

May 13:
* Jeff & Glo think they got to the Cayman bank in the nick of time.
* Jill is too late
* A hotel staff member tells Jeff his check is no good
* Jill calls Victor and he tells her, he pulled his money out and he's not an investor there anymore.
* Jill tells him its his fault and he says it's not his responsibility.

-----------------

#62   2009/10/29 11:21PM
Re: Is Michael NUTS?
Daisy Jane
image

My speculation of 3 suspects causing the bank collapse.

VICTOR

* Victor had time to set thing ups and let Nick be the one to do the work
* Victor may have moved money around so it looks as if the bank was in trouble
* Jeff took a photo of Victor at MJs room, at the time they thought she was a prostitute (Victor's revenge)
* He didn't want Jabot/"JACK" to get more money (Gloria's court case)
* Victor felt that Gloria broke her side of the deal
* He learned about the 3 stooges plan to go against him; seen it as a betrayal
* Victor may have gotten info about 3 stooges from Aidan the bartender (Jill's manny-cure and Colleen's date where she did the flash dance)


ADAM

* He may have taken money out or transferring funds while he was in control of NE
* He may have secretly had funds going elsewhere, after he was no longer at the helm
* After he went back to the ranch under house arrest, he had to return all the money he received for the fake diary
* All of his funds were tied up under court orders - he wasn't allowed to have access to it
* He could have been dabbling in the bank funds without the others knowing



JEFFREY BARDWELL

* Jeffrey at one time told Gloria that he wanted to take on Victor Newman, Jabot, and NE
* Jeffrey set-up Gloria to confessing about the cream while the police recorded it
* In April, he told Glo in so many words that she needed to be careful about spending money
* She may not have much in the future
* Jeff tells Jill, you never know what the future might bring and that he would never abandon his wife if she was poor, but inferring that Jill could be, too
* The police confession tape was going to be used in court, but Glo made a guilty plea
* He may have expected Glo to be in jail for sometime and/or loose her money in lawsuit, so he may have hid it from her & others
* Jeff may have already moved his money elsewhere, then make it look like he and Glo lost all theirs, so she wouldn't look for it elsewhere
(I don't remember Glo looking at the dollar amount on the check from the Cayman bank)

----------------------------

#63   2009/10/30 01:47AM
Re: Is Michael NUTS?
Eppy
image

The only thing I'm certain of is that banks do not deal in stock sales and trading. Insider trading has to do with selling stocks at a time when one has insider information that stock prices will fall, so selling stocks before that happens, with information no one else has, is illegal. None of this had anything to do with the offshore account. That is what Jack was referring to when he mentioned insider trading. Don't know where he came up with that. Your theories all seem a little involved, however, I wonder if the writers would have intended to make all this that complicated - we will see. I just know the insider trading accusation Jack blathered about had nothing to do with the SEC looking into Newman and grilling Victoria. That had to do with her misleading stockholders about the state of Victor's failing health.

Modified 1 times(s), last time at: 2009/10/30 01:54AM
#64   2009/10/30 03:05AM
Re: Is Michael NUTS?
adele
image

Quote Daisy Jane: I don't think Michael is nuts at all. There's been plenty of times when he has done the unethical, illegal and gone against TGVN.

One thing he does do is to look out for his mother, whether he likes it or not. Besides that she lost $50 million dollars in that bank.

A couple of weeks ago, I mentioned that the bank collapsed because Victor took all his money out of it. It had the other investors worried and they followed suit. He was the catalyst.

Someone else explained that Victor knew nothing about it. TGVN knows where his money is and what's happening with it. He has people, after all!!! LOL, his words.

I think Victor already had things set in motion sometime before that and used Nick to pull the trigger. And now, why else would they go back to the story of finding out what caused the bank to collapse? It's either Victor or Adam's doing.

Jill, Glo and Jeffrey had crossed the line with Victor shortly before that. He warned them not to mess with him, so it was his revenge.


the fact is michael is victor's lawyer it is a conflict of interest and what does he owe gloria she is constantly getting mixed up in scemems and then exepts miCHAEL TO BAIL HER OUT. bout time she faced her own music and try working for a living instead of always looking for get rich quick scemes. she is going to bring michael and kevin down with her it is time they took a stand and do not go to her aid. it is sickening how many times she has sucked them in

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