This is something that has always seemed odd to me--is it just a coincidence that this guy is so diverse (he is a lib'ral, after all) that he can run a multi-million dollar charity and a start-up radio station at the same time? Or perhaps it was no coincidence at all....?
...there is some indication that the current owner of Air America, Piquant LLC, may not have been aware of the loans at the time it purchased the network on May 24, 2004.
Piquant is taking a beating over this. They might want to use this little factoid to dump AA and sue everyone in sight. Just a suggestion, in case anyone's listening....
No. I understand that Piquant bought out another company who was the parent of AAR. But I understand that most of the people are the same people who were doing the dealing in either case.
It sounds like the guy's a grifter of the finest sort. I mean, his biggest story and the center of the sting was that he SPONTANEOUSLY recovered from a brain tumor!!! That's what "changed" his life and took him from a Guamian Republican to a Democrat Liberal and AAR.
Promised everyone everything. Showed one guy his list of assets of him and his partner, this Rex Sorensen guy. 12 million worth of property. Looked great. Until this thing broke when it was also revealed that they had a 3rd partner who actually owned the assets and who said he MIGHT have been willing to invest at one time but changed his mind.
Confidence men.
What confuses me though is that the Director of the Board for this Gloria Wise non-profit, a Ms. Graves says that she agreed to lend this Cohen $35k for chemo for his "brain tumor" but that "somebody" used a rubber stamp of her name without her knowledge to issue a check for $213k and another for about the same amount later. That "somebody" is identified in no accounts I can find.
Interesting times :)