An interesting note from a recent motion in ongoing the TD International lawsuit filed against the risk management firm's former partner, Steven Fleischmann...

Apparently, in January of 2009 TDI loaned Fleischmann $45,000 in response to a claim of financial distress. But Fleischmann's plea of poverty came only weeks after he received almost $300,000 via the side company Fleischmann had set up, allegedly, in order to funnel money way from TDI and into his own side accounts.

TDI is asserting via their motion that the loan made to Fleischmann is (firstly) external to and separate from any other contractual agreements and (2) that, due to Fleischmann's misrepresentations, the loan was provided under false pretenses.

So, that's a clear receipt for at least $45,000 of the $1,500,000 in damages sought by TDI. Also apparent: Fleischmann has no shame...

-- MDT

Labels: TD International Steven Fleischmann