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Original Message:
Re: Manhattan Club Lawsuit (by Fibo N.):
No owner or nobody on the owners' side can image what's going on behind the scenes. The NYAG Investigation disclosed the facts it's hard to believe in.
"Despite Non-Payment, Sponsor (Eichners) Reserved Rooms, Making Millions of Dollars of Profit, and Reduced Inventory by Use of Complimentary Rooms and House Use Rooms ..."
"In Violation of the Offering Plan’s Representations, the Manhattan Club Charged Owners for Yearly Maintenance Fees and Real Estate Taxes Before Owners’ Anniversary Dates "
Chief of Finances testified that he and Lager jointly decided when to bill owners early. When asked who would decide how much of the ownership to bill early, he testified that he “would tell [an employee] how we are going to need $300,000 for payroll this week, and she would figure out how many people she needed to assess to do that.”
Read the investigation documentary https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=EYTCrZ/nuN2A9BkSE2eRCw==&system=prod