Recently my husband wrote a blog entitled, “Rick Koerber Indicted? Schmucks, Grand Juries, & the Trials Ahead.” As I have learned how deep and how far the shmuckiness has gone I am compelled to write a little on the subject. In case anyone reading this doesn’t understand the context…let me lay it out for you briefly. My husband has been indicted by a federal grand jury and has been charged with “Mail Fraud, Wire Fraud, and Tax Evasion.” (Is it just me or do those charges sound awfully lame?) He was arraigned on Friday and is now going through the painfully slow process of awaiting trial. Yeah, that’s it in a nutshell. 
So the beauty of the arraignment is that the government has to give you all their shiz…I mean “discovery.” This would be all the documents they have gathered which they may or may not use as evidence, oh and the interviews they have had with people…people who they may or may not use as witnesses. What is freaking hilarious is that after they gave all of this to Rick the magistrate instructed him not to talk with any victims or witnesses. But in the paperwork of the court it is supposed to list those people, and the list is BLANK! So anyway. I have been reading some of the oh so lovely comments on the news stories and while part of me wants to answer all of the dumb people, I remind myself that they really are dumb people and speaking to them does no good. Here’s what I DO want to say.
Rick has interest in many legitimate businesses. The businesses in question were quite legitimate and there was no ponzi scheme. It will be proved. Hearing what some people, who were close with us, people who were business partners, people who are not as dumb as they are acting have said, I am seriously blown away. They are such lying scumbags! And what’s worse it’s not even hard to prove it. So the supposed fraud is that people “invested” money and Rick used other investor’s money to pay the interest. Well first of all, Founder’s Capital was a private equity fund and no one “invested” in it. That company was in the business of borrowing and loaning money with the intention of making a profit. It borrowed and paid interest, and it loaned and made interest. Example of such things that made money would be um…. Real Estate, businesses, intellectual property, etc. Those who loaned money to Founder’s knew that. On a side note: Last time I checked Restaurants don’t just sit in thin air…they sit on REAL PROPERTY! They are great investments especially if they are doing well and paying lease payments to the owner of the LAND they are located on. (read the indictment if you are confused.) There were also very few businesses or people that Founder’s borrowed money from. Many of these people that are so called “victims” loaned money to someone who may or may not have loaned money to Founder’s. And because they were supposedly told that their money was going to Founder’s or Rick Koerber they want to blame him for their loss. How dumb. Anyway, much of those loans happened to also be backed by assets such as real estate among other things. How can there possibly be a ponzi scheme when there is a legitimate business with legitimate transactions AND more assets than liabilities??? Several of the businesses that Rick is involved in bought and sold A LOT of real estate over the last few years. Yes, there were problems with the businesses. Half of the problem was the people Rick put in charge. The guy in charge of the property management company did jack crap. He sat around in his posh office and pretended to run the company. The people that were in charge of taking care of the properties did jack crap. One even admits it in an article in City Weekly…..that he was in charge of a bunch of properties but did practically nothing. Sure Rick made some poor business decisions but that is not criminal. In my opinion he is most guilty of being too damn nice! There were many people who did not do what needed to be done and they were not fired and replaced because Rick cared about them. Regardless, I personally feel like if the government had not started spreading the lie that this was some big fraudlent scheme he could have overcome the poor decisions, fixed things and moved on. So the REAL victims here are all of the people that were BENEFITTING from Rick’s businesses…whether it was the people making great interest for loaning money to Founder’s, whether it was the people that were occupying homes or whether it was the hundred plus people that had jobs at the companies that were running all of this. THEY are the victims of the government’s abuse of power. Rick is no victim here. He has never professed to be. He HAS made a pretty big stink about the illegal actions of the state government as they investigated his businesses. (Read here and here)
Overall for all of the dimwitted idiots who have bad things to say about Rick, there are many many people who have great things to say about him and how his efforts have changed their lives for the better. I’m sure I will get many nasty comments and emails for this post. I don’t care. I think I have read just about all the crap that could possibly be said about Rick, about me, about the businesses. And yes, I am a fatty, and yes I do look more like his bodyguard than his wife. But Rick is not the next David Koresh, we are NOT polygamists and I am not brainwashed. (oh geez I’m already starting to laugh) Anyway…to all you shmucky shmucks who pretended to be friends: glad to finally know where you really stand and who you really are.
