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Thursday, April 07, 2011 8:16:45 AM
TS played the same game with Hacketts Stores. He knew they were failing so brought in a guy to run them (Becker) and file the bk on them to keep Tom's name out of it as much as possible.
Now, the bk trustee took the assets to sell off and Tom needed to get rid of the shell with 13 mil in debt and 0 assets. Knowing Tom didn't have any assets to "put back into" the shell, I'm sure he talked with Maury (who was probably already renting space out of the bakery) and said "You know, I have a way for you to make some money to expand"... Maury is very possibly just a fool with no knowledge while Tom is getting the buckshot pointed at someone else all while making his $$$ off it getting out (note how quick he was to get his $150k or whatever).
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