Offshoreonly.com - Prince of Bahrain gets screwed by NM

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- - Prince of Bahrain gets screwed by NM (https://www.offshoreonly.com/forums/general-boating-discussion/91643-prince-bahrain-gets-screwed-nm.html)

PatriYacht

12-03-2004 10:32 AM

Re: Prince of Bahrain gets screwed by NM

This fraud is in the multi-millions now. Where did it all go?

Roger 1

12-03-2004 10:34 AM

Re: Prince of Bahrain gets screwed by NM

Quote:

Originally Posted by DoTheMath

Damn, Bill is / was quite the a-hole!? :rolleyes: I can't imagine the stories that will come out of this one day... I hope someone is taking good notes. :eek:

For all you (other) guys that got screwed by this jerk, I can't imagine what you're dealing with, I hope you can get back some - if not all - of what he took, one way or another. He gives all the good guys in this business a really really bad name :(

Unfortunatly, he only has two knees............. :mad:

clearcut3

12-03-2004 10:35 AM

Re: Prince of Bahrain gets screwed by NM

Quote:

Originally Posted by PatriYacht

This fraud is in the multi-millions now. Where did it all go?

Up someone's nose and in their garage probably. Maybe a little in offshore accounts for the future :(

Lofty

12-03-2004 11:29 AM

Re: Prince of Bahrain gets screwed by NM

Well it should make the "little guys" out there that got ripped off feel better. If the Prince of Bahrain got taken by this Phuk-up-Fairy then anyone can. Doesn't help anyone get there money back though.

Reed Jensen

12-03-2004 11:46 AM

Re: Prince of Bahrain gets screwed by NM

It has to be especially agravating considering Oil boy didn't send the money to NM.... it was sent to the manufacturer... NM just had the boat. I think the boat is being siezed along with eveything else. At least that is my understanding from what I have read in this thread.

otis311

12-03-2004 11:48 AM

Re: Prince of Bahrain gets screwed by NM

Quote:

Originally Posted by PatriYacht

This fraud is in the multi-millions now. Where did it all go?

I know for a fact its way over $20 million at this point

otis311

12-03-2004 11:51 AM

Re: Prince of Bahrain gets screwed by NM

Quote:

Originally Posted by Reed Jensen

I saw the boat at National in Ohio when I was going thru my crap with them. It was there and did get seized

dykstra

12-03-2004 11:55 AM

Re: Prince of Bahrain gets screwed by NM

That sucks! :mad:

Reed Jensen

12-03-2004 11:57 AM

Re: Prince of Bahrain gets screwed by NM

It's amazing how the banks can be as bad as loan sharks when it comes to siezing property without knowing the whole story. I'm sure the attorney's are getting rich over this debacle. I wonder if they are ever going to be able to figure out where the money went... I would be willing to bet Bill has been robbing Peter to pay Paul for years... and it finally caught up to him. He probably used the money to pay operating expenses and payroll... thinking that he could make it up in the spring when boats move.... I like the old expression " The road to hell is paved with good intentions."........ :evilb:

Chris288

12-03-2004 12:02 PM

Re: Prince of Bahrain gets screwed by NM

Reediddy,, I was wondering the same thing.. were Bill's intentions good, I.E. payroll, operating costs, trying to get people the best deals, or was he an outright crook, stealing the money ???

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