Chapter 6 - The Unraveling of Victor ConstructionFollowing the freezing of the Hale portfolio, the true extent of Victorâs corruption was exposed to the public.
Forensic accountants auditing Bennett Construction Group discovered that Victor hadn't just been losing money due to bad management. He had siphoned over three million dollars from sub-contractor pension funds to pay for luxury yachts, gambling debts in Las Vegas, and expensive sports cars for his girlfriends!
When the sub-contractors learned that their retirement funds were gone, lawsuits flooded the county court.
Victor sat in a county jail cell, unable to post his five-hundred-thousand-dollar bail because every account bearing the Bennett name was frozen by court order.
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Dad attempted to hire a high-priced corporate defense attorney for Victor, but when the lawyer learned that Dadâs mansion was under foreclosure and his credit cards were canceled, the lawyer refused to take the case without a cash retainer.
Desperate and ruined, Dad drove his old secondary car to my apartment building, waiting outside in the rain for three hours just to see me.
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