The stink on this young bilyonaryo (YB) in a sunrise industry is wafting throughout the business community.
Key talents have been leaving YB’s company, which had styled itself as a trailblazer in its market, after realizing their boss’ grand vision was just a get rich quick scheme.
YB’s relationship with his business partners have also gone sour after he revealed his dark side and they realized he was just out to make a quick buck with his me-first deals.
Best practices are an alien concept to the Ivy League-trained YB, who is the biggest supplier and contractor in his joint ventures (JVs), while his JVs’ bank loans are siphoned off to his other companies.
YB also buys land on the cheap and sells them off to his joint venture partners at exorbitant prices.
Worse, YB’s partners have discovered that some of the lands he claimed to have purchased have actually been sold to other buyers because their original owners have not been paid by YB.
YB’s partners are scouting for other land sellers but YB has been actively blocking these deals to avoid losing a huge payout.
With all these shenanigans coming to light, it’s no surprise that YB’s recent move to raise money has been a major flop.
Despite whispers about his sleazy reputation spreading fast in the business community, YB remains unfazed, piling up unpaid bills to suppliers—specifically those he doesn’t own—while managing to snap more government contracts on the back of his family connections and the names of the major partners he managed to hoodwink.
YB used to have a bright future ahead of him, but it seems the sun is about to set early on him.