Martin Grunin - Facebook Ads Fraud - Bank Fraud - mgrunin
- Thread starter BigWill
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So what happens if he doesn't show? Facebook wins default judgement, and Martin wakes up one morning shortly after to find out his bank accounts and credit cards have all been frozen? Or how does this work?
No, it's not Federal or involving the IRS (yet). They will serve him locally with a Citation to Discover Assets. This is easy as Perkins has screenshots from Gru's IG and youtube; specifically of his TOS and E*Trade accounts. They will subpoena the brokerage records which will lead to the bank accounts. The audit trail will likely produce transactions related to the selling of the ad-accounts. Then Perkins can share the information with the Fed attorney. Ideal outcome for the plaintiff and the prosecutor. Why go to trial when you can get all of the information via subpoena during the civil disco, post judgment?
He handed them the rope they will use to hang him. It's one thing to post a chart, but he posted the actual account numbers.
Grunin owes his attorneys $6K and they have withdrawn from representing Gru.
Ok, so say FB wins default judgement, a month or two later judge decides on an amount owed, then after the CTDA process, what happens? Facebook has to go federal with the suit, in order to forcefully seize Martin's assets, and get paid?
It's not like Martin is going to voluntarily hand over say $900k, or whatever the final judgement ends up being.
It's not like Martin is going to voluntarily hand over say $900k, or whatever the final judgement ends up being.
Not a lawyer, but have been sued by a big company like FB. Also know quite a few dudes who had the same happen to them (think CL). From what I gathered, it's one thing to get a default judgement against someone for 6-7 figures, it's a whole other process actually trying to collect it. If someone has no assets, doesn't drawl a paycheck, has no money in the bank, they are judgement proof. That is until, one day they suddenly become wealthy, and they are waiting. Most states have statutes of limitations on how long someone can chase you for that debt. Most states are 7-10 years. So if he wants, he can stay under the radar until that time frame is up, and then tell them to fuck off (pretty sure they can file a motion to extend time frame, but again not a lawyer. Calling Aaron Law!!).
My guess with this case is, they don't give a shit about collecting the money. The amount will be insignificant to them. It's more about making an example out of Mrunin. I settled in my particular case, but I know dudes who let it go to judgement, and the company never pursued avenues to collect the settlement. It's all about the perception of fucking someone's day up, so others will be less likely to do the same.
Just my 2 shitty cents.
No after they win judgement they can seize any assets he has. A simple copy of judgement will do.
Thats correct to protect any assets he will need to hold them physically with no title.
You have to assume that there is nothing left; that he drained it to cash. The IRS will be notified and he will eventually be subject to garnishment. The issue isn't really the figure, but the financial STD and publicity.
Wouldn't it be hilarious if Alsap gets so annoyed with McGrunts antics and complete disrespect for the courts he sends him to debtors prison.
"Additionally, though properly served civil duties over private debts in nations such as the United States will merely result in a default judgement being rendered in absentia if the defendant willfully declines to appear by law,[3] a substantial number of indigent debtors are legally incarcerated for failure to appear at civil debt proceedings."
Debtors' prison - Wikipedia, the free encyclopedia
This entire saga would have made one helluva great reality show.
"Additionally, though properly served civil duties over private debts in nations such as the United States will merely result in a default judgement being rendered in absentia if the defendant willfully declines to appear by law,[3] a substantial number of indigent debtors are legally incarcerated for failure to appear at civil debt proceedings."
Debtors' prison - Wikipedia, the free encyclopedia
This entire saga would have made one helluva great reality show.
Document #69 Filed 12/11/14 (16 pgs)
https://www.scribd.com/doc/249980486/Facebook-v-Martin-Grunin-Doc69-12-11-14
Judgments aren't magical. There are no guarantees even if you "comply" with the CTDA. I doubt anyone is truthful when submitting to one of those. Let's say you have a couple mil in the IOM. There is no way FB is going to find it unless you transacted with one of your domestic banks. I worked for an offshore fund and we were raising OPM. We went to dinner with a guy who put $10MM in the fund (large fund). I googled him the following morning and it turns out that he had a $30MM judgment on him in the US. Turns out that he had $100MM in the IOM alone.
I'm tempted to organize a Gay Webmaster Meatup in SF around the date of Grunin's court appearance. We can have a massive circlejerk, then head to the Federal courthouse to see The Mole in person.
(O_o)
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(O_o)
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