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Jerk But Not Stupid

[Blind Gossip] When a rich and/or famous person runs into legal trouble and gets sued, an interesting game of strategy sometimes takes place behind the scenes.

That game is called Hide The Money!

He is a famous businessman who is also a bit of a showman. His children are famous, too.

He is getting sued but is trying to dodge financial responsibility for his mistakes by claiming that he doesn’t have the money to do what needs to be done.

That isn’t even close to the truth.

Each property and project is a separate legal entity (almost always an LLC). It’s just THIS project that is out of money. The other properties are separate companies so they can’t legally be touched.

He also has a ton of personal money stashed in overseas bank accounts. Remember The Panama Papers? Yes, like that. I don’t know the exact number but a friend says he’s got over $50 million in overseas accounts and as long as this stays civil and not criminal he’s not worried about losing it.

Isn’t he worried about his reputation if he claims he can’t pay for things? Won’t that prevent other people from wanting to work with him in the future?

Not at all. They’re all rich people and companies and they all know how this game works.

So he may be a jerk… but he’s not stupid. And he’s definitely not broke. Claiming that is just a legal strategy.

There is still plenty of money left over for bad hair and plastic surgery… for him AND his kids!

Similar: Next Door Neighbors

Man:

His Children:

[Optional] What do you think of him? What do you think is going to happen?

Reader Interactions

Comments

  2. DavyRogers says

    The only people who don’t seem to understand how the rich game works are the Presidential candidates like Sanders and Warren who claim they can tax the rich…oh and their supporters who are dumb enough to believe they would try in the first place and/or be able to collect taxes.

  6. hotwingz555 says

    Mohammed hadid. His lawyer claimed he didn’t have $500K to tear down his insane mansion on a cliff.

  13. Jayzzzzzz says

    Mohamed Anwar Hadid, the one with the crazy house built into a mountainside.
    His kids are the models, Bella, Gigi and Anwar.
    The Court has ruled against him in the crazy house case. He has to pay $500k to a person who is supposed to coordinate the $5 million dollar tear down of crazy house. His attorney is arguing he doesn’t have half a million, much less $5 million. The plaintiffs’ attorney is calling BS on Hadid’s poormouth claims.

  18. loopylou600 says

    Mohamed Hadid

    Gigi and Bella Hadid

    He clearly isn’t a billionaire, but he’s far from broke. A man with few principles though, so I hope he gets caught at his game.

  19. Gerseychick says

    Hadid needs to take down the very oversized building before it falls down the hill and kills people…One lady down the hill died from the stress he caused her for the last 5 years….Throw him in jail…..Who is paying his man servant if he has NO MONEY….What a Creep…

  23. wfreshie says

    the guy who built that monstrosity in southern calif that he is being forced to tear down…mr hadid and his 2 daughters

  24. amagod121 says

    Mohammed Hadid
    Gigi, Bella and that boy Hadid.

    I think he has terrible taste in architecture, is a lousy neighbor, and is also a slimeball for lying about being bankrupt or broke.

  29. aaaDacia says

    Mohammad hadid. Supposedly he doesn’t even have the money to tear down his “starship enterprise” house that has a half work order. I’ve always thought he was slimy. He’ll finagle something, slip out and move on to screw someone else

    • amagod121 says

      Awww, please don’t insult the much beloved Starship Enterprise. 🙁 Hadid’s house is like the architectural version of Babel.

  39. Jeanesgenes says

    Mohamed Hadid

    Gigi and Bella , Anwar, Alana and Marielle
    The eyesore will eventually get torn down and something equally repulsive will get built.