you badly misunderstand -- it is business advantage, not fraud. It was carefully, definitely, one hundred percent legal. I did not know someone could setup a holding company legally, purchase one container ship at a good price, since they are slow and expensive to buy, they are out there. But Richard Blum did find that out and buy one. That's not illegal. He worked hard to find that and execute the whole setup, then someone has to run it. Once it is making even a small profit, which takes many steps and largely is determined by the cost of the capital involved, there are others in the shipping world that would definitely just take it, with whatever means of lawyers etc that you, I, and Richard Blum don't know about. So the operation must be defended. Its not illegal, it is years of careful work. (
edit: I sloppily changed ship type in the heat of this dramatic response, thinking back I believe it was an oil cargo ship, not a container ship, so that gets him off the hook for this thread. my bad)
Who knew that in fact, it would work, work big, get bigger and bigger and now thousands of super smart, unknown desk jockeys are nosing into your details, while there is sliding s** social problems right now? Who knew? not you or I.. I dont hate them for being super filthy rich in their 80s, and I dont disagree with many things they have done. She and her husband are personally very smart, have done kind things, have colleagues that did not succeed that they care about.. Its messy. I didnt build that business, I did not have the credit, focus or insight. I was getting high at a PJ Harvey concert when no one knew about her, or something. I get to decide what is right now and change it? entertaining writing by me, but one letter from me to her office is not the snowball that starts the avalanche, this is a serious heavy systems problem.