NDummy: Shell hijackings occur when courts grant custodianship to help satisfy an obligation. How do these hijackers create their obligation? Do they just allege that some money is owed them?
The comment that tracy 'highjacked' his own shells seems to me perhaps misleading. Isn't buying an abandoned shell legal? What, again does tracy do that makes it a highjacking and shady?
When the door got shut on Sergio La Grasta in 2015, Adam S Tracy moved to the front of the line. Starting in November 2015, Adam S Tracy began hijacking his own abandoned shells using his entity Barton Hollow LLC and attorney Peter L Chasey.
I don't think there was really a direct connection. Ketcher/La Grasta was pretty incompetent. Of the custodianships they did, several failed in the end. Maybe La Grasta's heart just wasn't in it. I think Tracy simply lent a hand to La Grasta and the others, and decided on his own that it was an easy way to make money.
Remember, he announced his intention to get into the shell business in January 2014:
He claimed he'd already started, but as you point out, he hadn't. He didn't get serious about it till November 2015, nearly two years later. Since then, he's been going gangbusters.
But I have the feeling the walls are beginning to close in on him.
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