Imagine parking your brand-new Ferrari at the beach, walking down to the water for a couple of drinks, and then… never seeing that Ferrari again. Not stolen. Not towed. Just gone. And imagine you’re so absurdly, incomprehensibly rich that you genuinely don’t care. That’s not even the wildest part of this story. That’s just Tuesday for the guys who pulled … Read More
The Man Who Bought a Company With Its Own Money | Trustor
Episode Transcription
Hey, man. What's up? Have you ever heard of Truster? Truster? Truster. Truster. Here I got a logo for you. Truster. Oh, okay. No, I've not heard of this, but this looks like it's going to be the 80s. Yeah, here's something interesting, like this era of logos for companies. This looks like new balance. Yeah. Yeah, like I remember in the 90s, early 2000s, seeing logos like this thing and they were so bad that I'm not gonna lie now. I think they're so sick. It's so tough. They're so sick. Yeah. Yeah. Yeah. It comes back around. Yeah. It does come back around. It's the font. Once everyone's doing it, it's bad. It is true. Yeah. I can't wait till 20 years from now. Everyone's like, actually, this AI slop is pretty cool. How do I make this look like 2026 AI slop? That's like the stalker with Truster. So retro is to have a is have that one font with the little. Yeah. Yeah. I know. We're talking about. Yeah. So retro to have all the characters in your image to have like 30 fingers. Yeah. No, they solved that now. That'd be like 2023. You know. Yeah. It's just like nightmare AI slop becomes nostalgic and like hamster. Yeah. So retro to have just the brightest colors possible. I had a day chicken in my kitchen. And I said I'm gonna take the French Roopie. I'm gonna have them Parmesan this chicken to helicopter blow off my Parmesan chicken. Yeah. Left. Other left. Things I learned last night. So anyway, what's up? So this company, well, this is a investment firm. Okay. And in the mid 90s, they were owned by this guy. 90s. Yes. Yes. His name is he's got he's got a tough name. Per O love Norberg. Per O love. Per dash O love. I think that's his first name. P E R dash O L O V. Per O love. Well, no, it's dashed. It's hyphenated. So it's Per O love. Per O love. Yeah. Yeah. Yeah. I don't know. Norway. Okay. He probably goes by Mr. Norberg. Sure. He held 52% majority of the company. Trust or he was the owner of the company. Okay. And he sold to a group of investors. I'll give you all honestly. I'll just give you the full the full group here real quick. So it is this group of guys. So from left to right. Yeah. Okay. Sorry. I'm laughing because guy in the middle looks like he just went through a automated car wash with no car. Looks so disheveled. Yeah. So this is a group of guy from left to right. Is that him? I love his suit though. Yeah. Yeah. Very cool. From left to right, this is a guy by the name of Lindsey Smallbone. Yeah. Lord Moine is in the middle. Lord Moine. Yeah. That's his name. Okay. And then Peter Matson. Yeah. And not pictured in this photo is another guy by the name of Thomas Yessander. Okay. This is a the most quintessential 90s jacket look all cool across. Yeah. Yeah. And I'll kind of set the stories like does look like in the way this lighting is. He looks at the bad guy in an Apple TV series. I can see that. I can see that for him. Here's another photo of Matson at the time. Yeah. Now this looks like it's from the Epstein files. This photo looks pretty. You know, is he what's he holding his hand? Probably something that looks like a paper rolled up that looks like it doesn't look like smoking. That looks like, you know, I don't know what is in something through that paper. Yeah. Maybe you're right. So yeah. This is a this is what I mean by that is it one of you know, it's a 90s picture where it's like a flash picture in a room. Yeah. Yeah. And so this is a group of like European. They all look like they all look like dads who own boats. And yeah. Yeah. Yeah. Yeah. Yeah. This group is a group of like European businessmen from all over Europe. Sweden, Denmark, the UK, all over. Okay. And they come together to get the deal done with trust. They get the purchase done. And with bro. Yeah. At the very beginning of the summer, 1997. And I want to start the story here because the deal finishes. And Thomas and Peter Matzen immediately go to St. Tropez in the French Riviera to celebrate. Okay. And they live what's their gain from this deal? The company. They own the company now. They're behind your own trust. So trust. I guess I should tell you what trust is. Trust is an investment firm. And so trust or the purchase was, I want to say like $830. So I trust your own assets. Yes. Yes. Yes. Yes. Yes. Yes. It was $830 million crooner, which I suppose I should convert this to dollars. True. Crooner to dollars. About $88 million. Big deal. And but that was in the 90s. So let's see. 88 million. 183 million. So it's a hundred and eighty three million to dollar purchase. Transition to today. And then converted to dollars. So they were celebrating this purchase. Yeah. The two of them. And which makes sense because you look at this group. It's Yassander. And then these three and the two younger guys, they go to the beach to celebrate. And they stay there for two months. And I want to start with this part of the story because the two of them, they go bananas. They immediately get a yacht. And it's one of the yachts where it's got a helicopter, you know, it's got a helicopter landing pad. I was in Vegas for a friend's bachelor party and there was a taxi driver there who told us that he drives taxi all year. And then once a year, he spends all his money renting a boat and some fake gold jewelry. And then he invites girls out to his boat because he tells him he's a billionaire. And that's where he saves up all year to do is to rent a yacht for a weekend and pretend to be a billionaire. He's really rich. That's which is crazy. Yeah. But honestly though, like, I will say, I looked into this recently. I don't remember why. But I did look into it. I was like, I wonder what it cost to rent a yacht for the week. And like, not like a big yacht, but like a small, like 30 foot yacht. Yeah, they're 1500 a day, huh? Yeah, where you could like fit a few of your friends in there and you could just be on a yacht for the week. And it's actually there's some that are pretty affordable. You could get there are some where it's like for the week. It's like 15, 20 grand. And that brings us to this week's sponsor. Yeah, yeah. Yeah. Oh, actually, wait. Hold on. Hold on. Yeah. Hold on. We start a Chicago boat tour. And on that boat tour, we sell hot dogs. And then we call that boat tour yacht dog yacht dog. Oh, actually, you know, hold on trademark trademark. Just a restaurant. It's just a restaurant. You make reservations. You make reservations. So every it picks up every hour and there's a port. Everybody loads and loads out. But it's a restaurant. It's a restaurant. Yeah, you get a hot dog or a bridge. And we just dumped you on you. Yeah, that's a good. This is a dog. Dog is pretty cool. Yeah, dog. Chicago. That only works for half the year. Oh, you can close it in. Yeah, it's so insane. Heater is on the boat. So insane. Yeah, I think we got something here. I think we got an idea of patent pending trademark patent done patent done. It's not even pending. It's done. I said it's done. Is the domain available? Is your dog calm available? This will determine our entire business point. Man, my internet is going so slow right now. Right when we wanted to do fast. We needed to go fast. You know, dog. Let's see. Yeah, dog. We're just waiting. We're just waiting for it. This is so suspenseful. This is our entire future. I'll dump my life savings into this. This works. I'm not available. Someone's got it. Who? Who bought yacht dog? That's okay. Yeah, dogs cool though. Yeah, dog, dog calm and see. Where's it go? It is parked. Someone thought that this was a good investment. They were right. Can't stand people as parked domain. We're going to afford it. Maybe it depends how much they wanted it because now we just have to negotiate with them. I don't negotiate with. I don't negotiate with domain terrorists. Okay, so these guys that go to the French Riviera. Yeah, they get they buy one a yacht. They buy a big yacht and that's the thing because I've looked it up. When you run a yacht, you're running the fee for the time. But you also have to get a crew and pay for the crew and you have to pay for fuel. There's a lot of the extra expenses on top of it that are kind of not on the list price. But they get this yacht and they park it in the bay in the French Riviera. And it's one of the big 100 feet ones with the helicopter landing pad. And there was one place. This was not an area where there was helicopter pads everywhere. There was one restaurant with a big concrete roof that they could land on. And so that's where they landed their helicopter when they went to shore. You guys ready to go to Trito Joe's? All right. And they should I get my helicopter pilots license? No. You're too sad for that. Yacht dog. No, they and the thing about that restaurant is that restaurant had a like rooftop patio. And so they would land this helicopter and it would ruin everybody's meals. And so they would land. Now mad I would be. Well, here's the thing. They felt bad about it. So they would land and they would pay for everyone's meals and auto service for everybody. Oh, wow. Thank you for buying my chicken Parmesan. It's not going to bring it back on the floor. You freaking all over the place. My wife spilled her drink on herself. Her root beer. Her dream was to drink root beer in the French. The French River River River River. I thought Riviera stood for. She's in her root beer time right now. It's her root beer era. It's my root beer era. The French root beer era. And now you've taken that from us. And you think you're going to win us back. Who used bottle service? He used to say, man, no, I wanted that chicken Parmesan. I brought a chicken from home. I brought it to the French River River era. River era. And I said, hey, here's my chicken. I want you to eat this chicken. It was in my carry on. I had a chicken. It was really weird about it. I had a chicken in my carry on. And I said, I'm going to have them Parmesan on this chicken. So that's an Italian dish. That's pretty sick. It's an American Italian dish. You get that. All right. So yeah, I'm going to have the French do it. So this smells terrible. It's going to smell better when they cook it. It's dead right now. It's a dead chicken. That chicken, of course, it smells bad. Do you think I'm stupid? Gosh, do you say things I'm dumbed? And then and then these rich people have the audacity to helicopter blow off my Parmesan chicken. Yeah, my Parmesan chicken. Money can't buy what you've taken from me. I will destroy you. You have made an enemy for life. And I have the kind of enemy who takes dead chickens in my carry on. So sometimes we get the places in these bits. And I don't know how we got here. I don't know how to get out. Okay. So they have a helicopter. It goes from the rest. So funny. Rooting dinner reservations at the Riviera. Yeah. Yeah. And so they are, what I'm trying to illustrate is they're throwing just the craziest two-month solubility. Yeah, there's a major deal. Yeah. And across it, they bought 408 bottles of champagne. Seas. They had essentially an in-list beach party going on. You like champagne? Yeah. Got him. As soon as it got, this guy went to your college. You have it in the clause for the lifestyle agreement of the angel. We're not going to let him drink alcohol. He didn't sign it. And he didn't sign it. Revoque his degree right now. I got him. I got him to admit to it on tape. This whole podcast that I started 10 years ago. Was to get him admitting that you like champagne. I kind of actually like a little busco. But we found one that's not too sweet. That's actually, that's really good. Then they had basically an in-list beach party. There was, they went, the two of them, they went and they bought matching Ferraris. They bought a red one and a blue one. And here's what's crazy about it is they drove this off the lot. An hour later, they get to the beach. They park it. And he loses the Ferrari. And he never sees it again. Why? Thomas just sander. He's like loses it isn't like someone took it or like loses it. I was assuming someone took it. I was assuming someone took it. But he genuinely was just like, yeah, I parked it at the beach and then I couldn't find it. It was very next to yours. They only bought one, but they thought they bought two. They're so drunk on champagne. They were fast and they drive the danger of drinking. They're bulls in the car. He's in the back seat reaching over. They're doing the thing where his arms are going through the armpits. They're playing an improv game in the Ferrari. I'm driving. And they made it to the beach. And they get out and he's like, where are we at? What happened to the other Ferrari? I just want to point out, I was even thinking in my head quit interrupting Tim. He's got a lot of stuff and people in the comments are getting annoyed that I'm interrupting him so much. And then he was like, and I want you to know I tried. It's annoying that he's interrupting me right now. I, in my head, I was like, it's annoying that I'm doing this to the story. And then he did that. No, it was good. I was saying it wasn't my fault. Then they went to a Versace store and they get out of the car at the Versace store. Now they're driving together because they only have one property. Yeah, obviously. Peter leans over to Thomas and is like, I'm going to buy everything in that store so you can't buy anything. And he jumps out of the Ferrari and runs in the store. And I love that you and I have, these rich people have rich people games where it's like, I'm going to buy out that store so you can't buy anything. And then you and I have poor people games, which is, I'm going to hit your car. I'm going to hit your car with my car because both of our cars are junk and it doesn't matter. I like that that's our game. We've legitimately, we've legitimately, I've seen it in Tim's eyes. He and I have gotten in our cars. I have a junk car here in Kansas City. Yeah. And we've gotten into our vehicles after recording and we've looked at each other. And both of us thought we should, we should drive these cars to each other. He's pretty funny to do. And then both of us were like, nah, not today. But I can see in our eyes that it was a legitimate, like, yeah. Should we do it? Should we let our cars adieu each other? That's how I'm saying. And if we were rich, could you imagine? Yeah, for real though. I would, you know, it'd be pretty bad. I pull into the McDonald's drive through in front of you. In this scenario, we eat McDonald's again. We're rich. We don't care anymore. We don't care. Yeah. Oh, that's what I would do. We've got a Panda Express. I buy the whole line. You buy the Panda Express. I buy, you know, no, no, I say, don't actually can I have everything except for the mushroom chicken? And I leave that for you. I buy out everything except for that crappy mushroom chicken. And the barbecue, whatever that crap is. Whatever that is terrible. So he runs and he buys out the whole Versace store. So Thomas gets in and realizes this guy bought the whole Versace store. And he says, I'll buy everything else. And the guys, well, there's nothing else. He bought everything. He's like, no, like, I mean, all by the cash register, all by the door, all by the light bulbs. And so they literally like stripped the store. So we're like, it wasn't just like they bought who you're the manager. You know, I mean, like, you're the manager, not just you're the manager out of Versace store in the French Riviera. And it's a Tuesday. So you're not even the manager. You're the assistant manager at a Versace store that someone comes in. They buy all the product. You're living large. Yeah, you're like, you got a commission. Yeah, this is great. You're like, oh, yeah. And then another rich guy comes in and is like, oh, you're sold out everything. Yeah. Unfortunately, he's like, can I buy that light bulb? Can I have all the bolts? And then Alex Hermosi is in the back of your head. And he goes, sell it to him. He goes with his little breast strip. He goes, sell, sell. And this guy goes, yeah, you met by the light bulb. Because he's French, right? They're at the root in the piece. And so he's like, sure, you know what? You know what? We actually have a lot of light bulbs. Because once you get someone, it's easier and I learned this from Alex Hermosi. It's easy to sell something they've already bought. Yeah. No, you want one light bulb? I'll give you all the light bulbs. I'll give you all the light bulbs. And then this guy buys the, now you're the manager. You come in the next day. And everything. It looks like you got a rock. And I'm not just all the product, but it's like literally all the shelves every like screw anywhere. He took like it was like everything that could be removed. Yeah, he took. Yeah, if manager comes in the next day, assistant manager is just laying on the floor. And he's like, what happened? Oh my gosh, what happened? Assistant manager goes, I quit. I quit. I'm rich now. I'm rich now from the commission I made. What kind of commission do they make at those stores? I know I'm interrupting a lot. And I really try not to, but you wanted to do this whole tangent. You don't want to do this. What commission. There you go. Between four and six percent. So I mean, how expensive are the things? Average compensation for sales associate is between 68,000. I don't know. It's said between 68,000 and then there wasn't another number. So what does he do with all this stuff? They take it back to the boat. The crew is like, okay, you get to the helicopter. They're like, you can't take that stuff. They're like a cartoon with like the whole stack of stuff. And they're driving them back through the armpits. Left, other left. So they get back to the boat and they go, all right, you guys, hey, unload it. What do they do with it? I don't know what they do with it honestly. I have no idea. So, you see, it's my cash register from the Versace store. Yeah, that's actually the Versace store. It's all the stuff. He like reassembled it in his living room. Yeah, it's just a, it's a pretty basic cash register. Yeah, but to me, it's a special one. It reminds me of all the root beer. Did I drink there? Yeah, I've root beer there. I never know. You're too poor. You're too poor to know. I bet you like stuff like champagne. You've never tasted the root beer that we've had. Everything must go. Tillin's going out of business and saw our patron is now $6.99 for all. Those people will freak out. They don't know we're joking. Tillin is not going out of business. That was a joke. But we are reducing the price of Patriot at $6.99 for all tiers. You get every perk. You get access to discord. You get access to every episode. You high bit this much. It's so much. Oh my gosh, it is high. I know, but when you talk like that, it seems like we're really selling. I was trying to do a word selling bit. You know, I don't know. I'm a sleazy salesman. I want to make it. That's right. I straight up think that we've been doing that bit too long. That people are like, it's a little, this is the first time I've ever done the bit before. I was a sleazy salesman. No, we did the whole way before I was just a Tuesday. We did those bits. Just leave it all in. Do this whole thing. Join us on Patreon. So you standard later estimates that they spent in those two months, 50 million euros just celebrating. And so I want you to remember this. This scene. Meanwhile, Lord Muayn. Yeah, middle guy, right? Yeah. Lord Muayn. So the other two guys related? Related? I don't know. What do you think? No, not this guy. The other two guys. Go back to the one with all three of them. Not Lord Muayn. These two on the other side. You said those are the two that went and partied. The no. So Madison on the right. Uh huh. And your standard. Oh, okay. Okay. Okay. So the younger guys. I was getting a mixed up a little bit. Yeah. And so Lord Muayn. Yeah. A little about him. He's the car wash guy. So Lord Muayn. His name is actually Jonathan. Very fashionable. Yeah. His name is actually Jonathan Guinness. And he is an heir to the Guinness family, like the Guinness. The Guinness. And so I don't know what that is. Yeah, I've never heard of. I'd be just like in the group here. I'm not falling for this again. I'm not falling for this again. We thought about it. Um Jonathan Guinness. He is an heir to the Guinness fortune. Um a little bit about the Guinness family. They did the beer. They also did the world records. I don't know if you knew this. The way that the decide bar, the way the world records started was the Guinness family. Um they noticed that people in bars were always like telling these tall tales at the bars. And then like I bet we could verify some of the stuff. And so the Guinness family was like let's put together a coalition to verify the tall tales. People tell it the bar. And so the world records book was like originally this effort to verify this stuff. Um and now it's kind of become a kids thing. Um but no it came crazy drunk. It's not become a kids thing. There's kids books. There's versions of it. Yeah. Yeah. Yeah. And also you've said that on the podcast before. Yeah. You've actually got him here. You just reached the Guinness world record for most times telling us to write a podcast. Guys come on in. We got the same story about the Guinness world records. I think it's only two but it's a lot. Some of some of those records these days are like that though where it's like oh yeah. You have to get them to come out to verify it. Like someone from Guinness has to show up and give you a little plaque like and it's like they don't just they're not like waiting around the corner and they happen to see you do it and they roll up on that record. That's where it's like there's some beef in the comedy world because yeah because a certain comedian just had to do the Guinness world record come out for the most ticket sold and another comedian who has sold four tickets is like that's dumb. Yeah. Yeah. And there's the beef. Yeah. Which is kind of like I don't know like we we talked about this recently like all these like business awards that you can get. Yeah. You pay for those. And like that's kind of the way that that world works. Yeah. I'm going to pay for one for our cleaning business. Yeah. But it's like I'm going to I'm going to I'm an I'm an I'm an I'm going to no I was going to pay for it for the best new business in Glendale. Yeah. And it's like it's like but it but there is something about it that like works. Yeah. Yeah. Yeah. It's just a marketing point. Yeah. You can be like so you can be like. Hey did you hear about us because we're one of the best new businesses last year. Is that how you heard about us? No you didn't but we were one of the best businesses last year. That's crazy. It cost me $14,000. What? It cost me $14,000. It cost me $14,000. And after I signed the check I went to the French Rootbeary era. So kind of landed as helicopter at my for my chicken parmed dinner. Parmed flew away. It's got me my chicken parmed fly away. So get out of the get his uh he's a Lord heir to the records heir to the records uh yeah this is this is the record boy don't forget it um well the well the aristocrat yeah lorded or knighted so he's because my lord moan I don't know where the moan came from yeah I started going by that I feel like it should be Lord Guinness but anyways lord moan and so he has a lot of I don't want to say political sway but like I guess um societal sway because he's a knight and because he's heir to the Guinness fortune and so he's seen as like a legitimate businessman um he hasn't done a lot of legitimate business activity he's just an heir to the family but like he has a lot of you also get knighted do you get paid to get knighted that's fine now I think you have to do something significant um well yeah I would hope you know but it used to be you had to go out and kill dragons and save the princess now it's just like oh yeah you made a lot of money no yes okay to get knighted yeah you did the okay whatever um you used to have to go out so yeah you cannot pay to get knighted you cannot you cannot buy or pay for genuine official knighthood that's an honor is given by the government um it does say sometimes there are incidental expenses like travel hotel informal clothing for the ceremony uh there are novelty titles you can purchase if you want to buy one online yeah it's like a certificate that's a something it's just like when you buy a star my mind that one that's fine that's crazy that like that's yeah we can we name a star yacht dog and then he wanted a star is called yacht dog heavens and came upon yacht dog uh sir so Madsen had already worked with Moine on a Guinness securities limited organization which was like a little investment operation um kind of small not huge so they had been working together before uh the other guy Lindsey small bone on the left this is him older um he wasn't it hadn't been involved with any of them he was like a hire that they found they needed someone who understood this world a little bit better sure so they brought him in on the deal and so what they wanted to do this was just a corporate buyout really yeah um and for all intents and purposes the mastermind behind all this was Lord Moine okay allegedly but there was this other guy by the name of Joachim Posner and we'll call him the ghost this is Joachim Posner okay Posner uh up until about a year before this deal got done this was about a four year deal that they were on he was in prison um yeah and he was in prison for a financial crime uh he had a few years before that uh he he spent years in Denmark as a tax attorney figuring out ways to limit people's tax burdens corporate tax burdens uh and he had um I guess the technical term for is plundered the corporate assets linked to Tallinn group which was a client of his and so he was able to embezzle funds out of this out of this company he got caught it and he got a seven year prison sentence okay um and so he was serving that prison sentence and while he was in that prison he's a fraudster um I mean yes technically speaking yes he's a fraudster but it's not I don't know if I would use the word fraud though to define it because he's he's a white collar criminal okay and so he was working as a tax attorney okay he kind of padded the books to pull some money for himself as what he did sure and so I don't know if I mean I guess it's technically fraud but it wasn't your typical like I'm tricking this person it was I'm some of that they trusted that I'm taking skimming some money off the top sort of situation okay okay okay it's what he was doing um but it was such an in like explosive thing for him he had a family he lost contact to his wife and his daughter like they they left and he lost custody and like they vanished from his life sort of situation lost his home obviously went to prison lost his job um and so it was like a devastating outcome for him uh especially considering until they got caught he had a he had a year or two where he was living pretty large because he had scanned a lot of money off and so he's in prison and he's kind of reflecting on uh his life now and he realizes I can never go back here the problem is I can never go back to the career I was in and I'm never going to attain the same level of success I had before right and so he uh well he begins to plot and he says well uh what are some ways I can get back into this world uh this financial world and he's like there's there's not going to be a legal way for me to do it but if I can get in then I can kind of you know work all the way up and then be be legitimate once I'm in he's like I'm gonna need some help and so he spends some time uh I guess this is like a uh Denmark prison thing um but he would get these leaves almost and while he was gone like while he got his little prison leave oh they let him go I don't know but I do know like they described he would get his prison leave and while he was on leave he would pick up a bunch of corporate like business investing magazines and then he would research the all the companies inside them to understand all right all right it's time for your weekend if once a year just uh you know don't go too far and uh make sure you come back because if you don't come back we're going to be pretty mad so but uh this is Denmark so we're going to be pretty mad you know oh enjoy the French route me area it's this is a lot like in COVID when we were like we're gonna start the world down on Tuesday so you got four days uh four days live it up so um all right while you're in prison the rest of the year but this is your week off so have fun and uh come back we'll see you next Monday I don't I genuinely don't understand but he said whenever he was away he would go get all these magazines yeah wonder they let me out twice a year okay okay um and so he would come back and he kept a notebook and in that notebook he put together this grand plan um and he's he talked about how he's like he's like it really could have been any business I bet you could google that and figure that out rather than us just sitting here being like today is lonely what are you talking about I bet you could figure it out uh yeah in Denmark eligible prisoners can be granted temporarily leave to leave the facility and so what there are let me see wow that's kind of crazy the failure rate is is very low it says roughly 97 percent of individuals return successfully without violating the terms with relief so they just show back up it's like okay it's my time to come back to prison uh hey he's out hey good good good man yeah come over from dinner on Friday and Saturday we're hanging out and what you got on Tuesday you doing anything on Tuesday I mean I gotta go back on Tuesday down back to prison yeah so they they give them weekend weekend visits or family events the let them leave for family events um and yeah but this is this is an open they have open and closed facilities so open facilities are things like financial crimes are non-dangerous client criminal offenses well that makes sense where closed prisons are are dangerous offenders can they get jobs then while they're in open facilities we should we should we just do it all leave regularly it sounds like it sounds like you can only leave like you have to do it on the other prison systems oh my gosh yeah actually that would be interesting huh um okay so why is on leave he would get these they hear about how we do it and they're like what they're like you do what those are people you put them in a field and Kansas and you just forget about it you just like pretend they don't know where the prisons are they're just kind of out in the middle of nowhere yeah actually yeah a lot of people don't they a lot of people couldn't even tell you where the closest prison is yeah you know the closest prison is uh probably up north and what's that town called where they got that military base in the prison eleven worth eleven worth it's not the closest no hold on let me think then give me a second oh downtown or is that just a county jail yeah that's a jail like a prison yeah okay what's the closest do you know no I don't live here though I think you just confidently we're like no that's not the closest no I don't know there was another no because uh what's the prison that I would go to all the time that's the one I would go do the ministry stuff uh oh I don't know where that was that you did that I thought that was out of sync Kansas oh I thought that was out of state that you did that it was in Kansas oh I guess yeah I guess that is out of state prison let's search just google maps prison where's the prisons near me prison near me northland correctional how they open one of their hours that's a correctional facility number on there literally uh it's on Truman Road that's like right here in independence um and then there's hilltop school juvenile and then uh oh wow why a county detention center is over here the county detention center is in Kansas to Kansas yeah but the detention centers are different than prisons yeah Jackson County corrections like short term why are they like you're there for a couple months yeah yeah prison prison is like it's gonna be out here it's gonna be a lancing uh let's yep lancing correctional here you go is that closer than the number worth yeah way closer really not way closer it's on the way but this is not where it was lancing the one I went to was way out in the middle of nowhere okay because look here's leavenworth yeah yeah which leavenworth is leavenworth yeah you know yeah if you don't know about leavenworth it's a small mountain town in Washington uh it's very beautiful and peaceful and wonderful to go to no it's uh the leavenworth is like the us pin like that's where like michael fake was there for a while yeah they put like the the big big name offenders wasn't the dark night shooter guy there for a while no he was in the springfoot one that's right that's right that's right yeah um we keep track of our you know a lot of people have fantasy football drafts and we keep track of our favorite criminals and we go which prison are they at right now so we write up letters you know who my favorite prisoners are we're talking a lot about prisons yeah we are you know my her prisoners are all of you listening to this podcast if you're listening to this and you're at a correctional facility we hope you enjoy your leave when you when you get to leave uh should have done your crime and then you should have done it you should have done it in Denmark uh no so you're keeping he would go on his leave yeah and he would get these these magazines and he had a little notebook where he was plotting his next big fix where he was gonna make make some money sure and he finds his company in his mind uh uh he knew he was going to have to do something illegal to pull this off but he wanted so he wanted to do like one big job and then go go straight it wasn't even one big job it was it was he wanted to find a way for him to break into the financial sector and so he was it wasn't really about doing a job it was finding a way in but he knew for him to get in he was going to have to take over a company and the only way that was going to be possible is for him to break at least some laws uh okay and so but he was he was trying to do it as clean as possible was his okay okay what he wanted to do um because he didn't want to go back to prison and like he really did not want to have to go back um uh and so he was trying to figure out a way to do this as as uh above board as he could and so he targets trust her and the reason why he targets trust or um is a couple things one they have um a large set of assets yeah they operate you can hide a lot of money there so you can hide a lot of money and more importantly you can then go and attempt to purchase out the companies that you right owned in there too so he could kind of had this multi-tier pretty deep well yeah companies that he has an ownership of but the other thing about it is they had an a b uh stock system and what that means is there are two types of shares there are a shares and b shares right b shares you have one vote uh per share a shares you have 10 votes per share and so the so whoever owns the majority of the a shares has majority control of the company right and so all you have to do is manage to get 17% of uh the a shares and then you run the company right and what he realizes is in the 90s there was a series of uh changes to the financial market in uh really the whole of Europe uh that made the laws um for a lot of acquisition stock market all sorts of financial movement a lot easier um the regulations kind of cleared up for a second um they ended up coming back pretty hard um but for a second they got pretty loose and he found he there was opportunity for him to exploit this hey October 22nd we're doing till alive as part of the fountain city comedy festival here in Kansas City you got to tillin.com slash live for more information you get passes this is gonna be more than just us oh yeah that's like legitimately not an advertisement right now the festival's pretty sick like there's a really great lineup a lot of really good comics this thing's been growing a lot the past couple years so really cool to be the part of it uh and so hopefully we'll see you there so what he did is he contacts his cousin Thomas okay uh which uh we we met Thomas right Thomas had a great a great summer um and he tells Thomas here's what I'm thinking I'm gonna need your help to recruit a team of people no one can know I'm a part of this and so you're gonna be my mouthpiece I'm gonna call you all the time you're gonna basically talk through like I'm gonna talk through you in all these deals um but we're gonna need to bring a handful of other people into this um because no one's gonna believe that you are actually trying to buy this company everyone's gonna be like Thomas is too dumb first of all first of all nobody thinks I'm dumb it's like Thomas Thomas you look at the corner store everything you don't you get by trust her uh so Thomas luckily knows Peter Matheson right Mattsons in that deal with right lord and so this is a great opportunity for the connection because the lord is going to open a lot of doors for them and just having a lord be a part of this deal and that's what even made uh what do we say his name was oh love per oh love that's what made per oh love even interested yeah interested in the steel oh there's a lord in ball yeah and then they brought in Lindsay um I love lords because they don't have to do their hair or order care about their tie he he he he he he forgot what I'm a lord oh whoever cares um and so they go to put this deal together and uh it is years long of kind of coaxing uh the trustor board to agree to this um meanwhile uh y'all came he gets out of out of prison right and he realizes okay we're gonna have to have some upfront financing to make this happen um and so he talks to uh you sander Thomas and he's like I need you to go find someone who's willing to finance this whole thing so he finds a billionaire who's willing to put the funds up front and for as like a short term loan take sure back but Thomas is like you know what the terms of this deal aren't very good I think I can go get a loan from the mob and I think I can get better term from the mob um and so which is surprising so I told you what I learned the other day what I area what about the mob and when I where I live in LA there's some there's a mob and uh I was told the other day was like hey deal with these group people deal with these group people don't deal with this group people yeah because and with no one certain terms he said that's the mob oh oh thanks for telling me good to know thanks for thanks for making that nice and clear I like having a heads up I like knowing exactly who's mob and not mob hey I think they should have to wear shirts hey I think you don't wear a shirt if you're the mob and a mob or going through a divorce I mean you should have I'm the mob I'm also going through a divorce I'm in the mob and I'm getting divorced party hats stuff like little parties okay so he takes a mob load and but here's the thing he realizes uh huh they they're gonna ink this deal yeah he's got a day to make the the payment to transfer the money to come quick so you so they're gonna have to have the money but as he's looking they're gonna have to have cash on hanging for yeah as he's looking through the terms of the deal he realizes oh we can extend that timeline a little bit and so what we can do is instead of having a day to pay back the loan we can take five days to take back to pay back the loan but when we sign that deal we immediately have control over the company we have controlling share the company so what they do is they sign it over uh huh they get the company and then now on paper lord lord moin is the director of the company okay but really what moin what moin did was it was yellow keem's signature that went through and so yellow keem is the director of the company okay and so he owns the company and what they do immediately is they remove the board because they have controlling share they're removing what you could say what they want and Lindsay comes in as the the chairman of the board let's see small bone is the sole chairman of the board okay yesander and Madison they immediately take two separate trips one of them goes to sweeten to the main bank of trust or where they're located one of them goes to london and okay the one who goes to london opens up a new bank account at uh barklies uh and Charles yes Charles barklies banking london hey welcome to Charlie Charles barkly bank hey when he's there he's respectful sorry hi welcome to Charles barklies bank would you like to open an account Charles barkie doing a British I'm not gonna do an impression I don't want you to try I don't want you to try doing Charles barkly doing a British accent nope I'm gonna do it I'm gonna do it what do you think it's favorite beer is they open up they open up third new bank account uh and uh they transfer it was an insane amount yeah like seven hundred and thirty million uh from the Swedish bank to the bark these bank now this sounds like it would raise alarms but this is a major corporate buyout that just happened yeah and so having the new corporate entities set up a new bank account and then transfer the funds not totally crazy no red flags not not a lot of red flags and then as a part of that transfer they then transfer that money they transfer chunks of that money to all the new majority shareholders this is what they call their compensation package for taking their their their part as takeover okay and then they pay two hundred million which was the the purchase price um two per oh lot but that was trusters of money so they didn't actually pay a dime of their own dollars to buy this company they just took advantage of this five day gap to then take over control of the assets and then pay pay per oh lot that with his own money with their the company's own money and now they own the company which this is hold on you smaller numbers here i have a company that's worth one million dollars yes you come in i give you five days you say i want to buy your company yeah okay we signed the papers now you own it be a five days to pay me yes and i sold it to you for a million dollars well i mean i think i think what you would have to say you would have to assume because the company had more assets than was the sellable value of the company okay okay so like we have three million dollars in assets yeah i'm selling it to you for a million dollars yeah you come in i signed the papers you have five days to pay me a million dollars yeah you take over all the assets now you take over the assets of three million you sell a million of it well i know you just pay you a million out of the corporate amount yeah but now you have two million assets like you don't have that cash yeah but you have the company that you didn't have for before and you didn't pay a cent to get it yeah but i'm bought out like i'm out of it yeah you're gone per oh off is out yeah and they and i should say they funneled that money so that money went from uh they went from the original trust account yeah that was the thing that ended up being funny because they found out about this after they took the loan so they did to pay back the mob loan too okay but that the funds went from the original trust or bank account to the new bank account that they set up to all of the new shareholders accounts and then from lord moine 200 went to oh love per oh love so he thought oh he paid me he all he saw is the wire from lord moine he's like oh he paid me the two hundred million i got my two hundred million i walked end of story for him yeah but remember the next day medicine and you see under ghost been 50 million euros in the french ruby area right and this raises some red flags for legislatures and they're like where did these guys get all this money from the cash register one of their questions and why are they so okay with blowing it here who are these guys and so they started looking into them because here's the thing wow technically this is the thing if you're gonna do something like this you gotta make sure you don't have too dumb up you need you need dumb people in your operation because you don't want them to catch on to what you're doing and then try to get a bigger stake yeah but you also don't want to be so dumb yeah that they end up blowing you up because they're like we went and bought some for ours and lost one of them exactly yeah like what do you mean you lost one of them what is I don't know that clearly I had already don't have I don't know where it is now it's lost we got a yacht dog though no and so they're partying in the french ruby area yola came and the other guys meanwhile are in London and they set up a legitimate business right they get an office they run an office they furnish it they they take over the current client base and they are operating as if they are a legitimate business right and I mean I shouldn't say they spent good money to set up this nice office but to be fair like you can kind of justify it because it's like you're a financial services corporation serving high and clients like it's kind of gotta be upscale but they went really upscale for example yola came for his office he bought literally Napoleon's desk and he's like that Napoleon used this desk this is my desk now which is pretty fitting but anyways that's crazy and so there's some some pretty big expenditures from them too sure but nothing like what these guys are doing the French Riviera also they're working and those guys are partying the French Riviera yeah and so this brings regulators who are like let's take a look at these guys they are doing some digging and really what happened is it is while it is almost everything they did here is technically legal except for the mob loan and also you can't buy a company with the company's money and so even though technically once that deal was done all the money in there's yours the money that bought that company can't come from within that company that's illegal and so why because you can't you get afford the company but I can now you give it to me but now that I can now that I know that is my company I can afford this you didn't you have to be able to prove that you can if you give me a car and the trunk is full of cash and I say I'll pay you $10,000 for this you give me the car what's in the car's mine I give you $10,000 you sold me a car with a trunk full of cash that's a fact now it had $20,000 of cash in the trunk yeah that's a better analogy than I was used in earlier yeah yeah there you go you know but you agreed to sell it to me for $20,000 that's on you for having a weird dash in your name yeah but I think I think the point is like you didn't you didn't actually buy the company then like even though there was there was beneficial terms that said hey you can wait five days to make the payment you still at the time of purchase have to have the money to pay even if it's not like liquid money that you're waiting for where it's like there's a term that you can wait technically that's the law why I guess I don't know so that way so that way random people can't just buy companies and then drain the money to buy them I don't know I don't I mean I mean it seems like a sketchy way to buy things but anyways so Joaquin starts to catch wind that the Fed is on to them or whatever their version of the Fed is sure and the Fed and so he is like I'm leaving and so he just runs meanwhile the rest of them they get caught and they go to trial and throughout trial long story short Lord Moin he's a Lord he's gonna get off and so he ends up his defense ends up getting like I am annoyed and they're like so sorry to bother you so sorry about that please get out of here uh Lindsey small bone on the other hand he was brought in pretty late and he was able to make the defense that he had no idea they were doing any of this and he's like he's like I was just hired I was brought in to be a very low on those guys who were imparted yeah and so Madison I think this was pretty heavily his collect connection to Lord Moin was also able to make a similar defense that he was not aware yeah of all these things you sander being cousins with Joaquin and looking like an Apple TV villain out of much harder time making his defense and he ended up actually and also having a name that sounds like a lizard you sander yeah and so he ends up he ends up having to serve a few years for his crime but they yeah we got weekends off so yeah but the real white whale for the Fed was Joaquin but he ran and so for years they're searching for him and almost a decade goes by and they still have no idea where he is they're now into the early 2000 so in the early 2000s they do one of those age age advancement things and so this is what they think he probably looks like oh no oh no did they say ten years down the line did they give him a lazy guy looks like this for the audio listener here's what it is he is it's the picture that they showed so he's it's black and white he's got a little bit of a goatee going on and then he's got the 1960s Paul McCartney hair yeah um just poorly fit on top of his head yeah and uh it really is like they took the exact same photo made his face a little chunkier gave him a goatee and a bad haircut removed the glasses and then I do think you're right I do think they push that eye overlay I think they gave him a lazy guy push that eye over there like yeah what if he's go back to the other one they're like what if he's got a lazy guy now I don't know maybe not I don't know I think I think because of the way the glasses warped the other one yeah it makes it look it makes it look like a lazy guy but he's got way too curly hair here yeah all of a sudden he has fine straight black edna from the incredible hair cut and wow so okay so he goes on the run and he looks like the guy who invented root beer I think he's on the run they're never going to find it with that picture never gonna find them no and they don't they never find them he's still on the run well uh earlier this year a documentary came out this has been released on Netflix called the Truster scandal and they brought all these guys back uh so here's you sander you sander in this is bragging about how much money he has how wealthy he has yeah um obviously uh and then this is Madison um and then they get uh uh yoakeem to agree to be on the documentary says what gonna show my face because I'm still on the run and throughout they did like he would the camera would be behind him when he would talk um but here's the thing throughout the documentary the documentary and like builds trust with him and this was clearly the sort of situation where they had been meeting with him for years for a couple of years and about halfway through the documentary they said we had been having some conversations and yoakeem basically was like you know what like the statute of limitations on financial crimes is 10 years and so we're nearing 30 years at this point and he's like he's like i'm well past the statute of limitations he's like i think it's time for me to tell my full story and like actually be on camera and so this is what they thought he would look like 10 years later and this is what he actually looked like this is a side by side of him no no first close nowhere close yeah yeah he looks like urban man he does like just like urban with me and it's crazy um and so what he did is he uh immediately when got he got word that things were going south he flew to Brazil he got some plastic surgery he took a couple million dollars we got some plastic surgery yeah what did he done i don't know exactly what he got done uh he didn't define it he probably extended his jaw out a little bit yeah maybe he doesn't really had that much though like you i could see this you can see a big guy yeah for sure but like if i was see this guy on the street i wouldn't be like that's yoakeem yeah yeah yeah yeah yeah um especially if my reference was this guy if i was looking for a guy with this no go go back does he have a lazy eye have we figured that out no they just did that to him for no reason yeah that's brutal okay and then what he did is he bounced around and so he would he would only spend a couple months in every place he would go to for a decade um and he literally was all over the world Brazil is real uh Nicaragua the states across Europe like he would just bounce around um and he wouldn't stay anywhere for very long living off of the couple million that he took with him and so he would just use very little bit and very conservative um until uh until he was in the clear which now he's he is in the clear he had invested some of that and so put some of that in like a stowaway uh fund yeah a couple trusts that he could disguise and so now he's kind of living off returns and he is living well like there are scenes in the documentary where he ends up welcoming you into his like home and it's like it's not crazy but it is a nice home that he lives in um he's doing well for himself uh and he to this day he says the only illegal thing i did was um the mob loan the mob loan um because he says even though take and honestly he's probably more on the run from that well he paid that loan back and so when whenever they got control of the company they didn't immediately he immediately took the money and yeah um but um yeah because he says he says they're trying to say that what i did was illegal but i was just taking advantage of a system that didn't recognize the loopholes it had um i mean saying it was legal immediately after this case they close that loophole so uh you do not have any control over the asset until it's paid for and so like the money has to pass for you to have right right um and so there can be you can be net 30 net 60 net 90 but until the payment passes through you have no control over any asset that's smart yeah and so uh but this is uh i mean as far as i'm aware the first and last time anyone's ever bought a company with the company's own money that's crazy yeah yeah wow and he got away with it too fiddle off hey thanks for listening to this this episode of things I learned last night if you liked it and you want another one uh speaking of guys on the run frank abing nail junior was a uh it was the guide from the catch me if you can move you remember Leonardo played him and Tom Hanks was running after him but uh so we we do a whole story about his life and all the things that he did and then we have a very shocking twist that the you know i don't want to give away i want you to listen the episode so i go check that out if you haven't uh also next week's episode is available right now on our patreon that's a way to help support the show help grow it another way to help help support the show is just to share it give us a podcast review comment below um those are all free ways to help us grow the show and we really appreciate you doing all of that so anything else you want to add cut it off so