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Re: Latitude 360
Posted: Mon Mar 21, 2016 10:01 am
by Amp Divorax
Ho wrote:I didn't realize that their home location in Jacksonville, FL had already closed. It looks like it closed at the same time as ours here in Indy.
But seriously...
Holy shit! What the hell is up with these people?!
I wanted to believe that the organization is just fantastically inept at business, got in over the heads, and ultimately watched the whole thing fall out from under them over the course of 4-5 years. But with so many unpaid debts at all of their locations, I can't really believe that they were just stupid. Instead, this all feels really fraudy.
I feel bad for all their regular employees who are not only out of a job, but apparently many of their final paychecks either bounced or were withheld. They're also having trouble getting unemployment benefits because the company did not properly report their employment and, as a result, has not paid into the unemployment insurance that would fund those payments.
This whole thing really is a shit show.
The reality is that one of the corporate reps I saw there did have a bit of a shady feel to him so I wouldn't be surprised if some level of fraud was taking place.
Re: Latitude 360
Posted: Mon Mar 21, 2016 10:38 am
by Diamondback1996
I did read somewhere that the CEO supposedly bought himself a sports car.
Re: Latitude 360
Posted: Mon Mar 21, 2016 12:28 pm
by Ho
From Wikipedia:
An elderly couple lent Brown (the founder and CEO) and Latitude 360, $500,000 from their retirement account, the couple in their 70s is now left with nothing and has been forced out of retirement to work to cover medical costs associated with cancer.
Re: Latitude 360
Posted: Mon Mar 21, 2016 12:30 pm
by Ho
To be fair, the Latitude 360 Wikipedia article, reads like it was written by someone with an axe to grind. But it definitely seems like a fair number of things at the company were nowhere near being on the up-and-up.
Re: Latitude 360
Posted: Mon Mar 21, 2016 10:15 pm
by MonMotha
I don't remember if UI taxes are like this, but I know they were also in trouble with at least Indiana on sales taxes. The state will get that money. The owners of the company are jointly and severally liable to pay the state for any sales taxes they collected but did not remit. That is, corporate limited liability does not apply. Shit show indeed.
Unfortunately for the former employees, that doesn't apply to back wages. Sadly, wage debts aren't even that high up the priority list in a bankruptcy. If they haven't yet declared bankruptcy (somehow), there may be some hope if they sue quickly. Now, if indeed they were not properly reporting employment at all, that also means they may not have been remitting W-2 withholdings to the IRS. The IRS gets really mad when you do that. If there's any evidence of embezzlement, they'll have their way with the guilty parties eventually.
Re: Latitude 360
Posted: Tue Mar 22, 2016 9:06 am
by Fluffyumpkins
That company sure screwed up.
Re: Latitude 360
Posted: Tue Mar 22, 2016 9:44 am
by Ho
Fluffyumpkins wrote:That company sure screwed up.
This is kind of what I was getting at. At this level of fuck up, I don't think they just screwed up so many things. They screwed up covering their tracks to get away with being a pack of shysters. These aren't shitty business people. These are shitty criminals.
At least that's my read on the situation.
Re: Latitude 360
Posted: Wed Mar 23, 2016 9:09 am
by Amp Divorax
Re: Latitude 360
Posted: Thu Mar 24, 2016 9:33 am
by Ho
This guy seems like a real slimebag.
Re: Latitude 360
Posted: Fri Mar 25, 2016 1:16 am
by Diamondback1996
Re: Latitude 360
Posted: Sat Apr 16, 2016 1:45 pm
by Diamondback1996
Final location closed like 3 weeks ago.
Re: Latitude 360
Posted: Mon Apr 18, 2016 8:27 am
by Merk
More like Latitude 420
Because you see....
Dey just been SMOKED ayyyyyyyyyy
Re: Latitude 360
Posted: Fri Jul 22, 2016 1:01 am
by Diamondback1996
http://www.actionnewsjax.com/news/local ... /372543350
Huh.
In other news the Jacksonville location recently had an auction and a Main Event is moving in. Wonder what will happen up here?
Re: Latitude 360
Posted: Fri Jul 22, 2016 8:41 am
by Ho
This guy is...a real piece of work.