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re: Dan Bilzerian Is A Renter, And Someone Else Pays His Credit Card Bills: Lawsuit

Posted on 7/17/20 at 1:06 pm to
Posted by Yeti_Chaser
Member since Nov 2017
7792 posts
Posted on 7/17/20 at 1:06 pm to
quote:

his six-figure lifestyle


If he can afford all that on six figures then I should be able to afford a home on minimum wage
Posted by danilo
Member since Nov 2008
20497 posts
Posted on 7/17/20 at 1:14 pm to
A guy whose life is totally based on image is a fraud? Shocking
Posted by ZIGG
Member since Dec 2016
10299 posts
Posted on 7/17/20 at 1:17 pm to
He was on Howard Stern several years ago and at one point when asked about how he got his money he said with a straight face that most of it came via poker and that he has made “around” $50 million playing poker. Lol $50 million..

Knew right then and there that he was lying. Sure, maybe he has made some money playing poker, but come on.
Posted by Ed Osteen
Member since Oct 2007
57572 posts
Posted on 7/17/20 at 1:18 pm to
I don’t understand the problem, is it supposed to be a surprise that Dan B irresponsibly expenses everything onto his own company?

quote:

the company Bilzerian founded and serves as CEO and majority shareholder
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73729 posts
Posted on 7/17/20 at 1:19 pm to
quote:

The house, models, parties and even Dan himself is marketing for the Ignite brand.


Yep. Whether ignite makes any money is another discussion. It has always seemed like a front for siphoning money from his dad. Just like the 'gambling winnings'
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73729 posts
Posted on 7/17/20 at 1:20 pm to
quote:

Why wouldn’t he just have the company buy a house as opposed to continually pay massive amounts of rent?



The house was 250MM or something crazy like that
This post was edited on 7/17/20 at 1:21 pm
Posted by PokerPastime
Member since Jan 2009
2438 posts
Posted on 7/17/20 at 1:20 pm to
Sounds like the perfect metaphor for the US economy
Posted by Dire Wolf
bawcomville
Member since Sep 2008
36825 posts
Posted on 7/17/20 at 1:43 pm to
quote:

The house, models, parties and even Dan himself is marketing for the Ignite brand. Everything in the house has logo's all over it. It's literally a commercial every time he posts. You hate on the guy all you want but I don't think this goes anywhere. He literally on a super huge yacht in Croatia right now with a bunch of models filming commercials. Also not buying he moved out of that house either as there are pretty recent pics of him there plus he just dropped millions to renovate the property and put in a trampoline and foam pit and just got that finished.



That’s great and all but


quote:

lose a reported $50 million last year
Posted by usc6158
Member since Feb 2008
35497 posts
Posted on 7/17/20 at 1:49 pm to
quote:

but without his flashy lifestyle, Ignite wouldn't exist.




Based on their losses, it sounds like they would be better off not existing
Posted by Tortious
ATX
Member since Nov 2010
5152 posts
Posted on 7/17/20 at 1:52 pm to
quote:

he just dropped millions to renovate the property and put in a trampoline and foam pit and just got that finished.


He improved a leased house to the tune of millions? What a dumbass as those improvements are the landowners now unless he can remove them on lease expiration without damages.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73729 posts
Posted on 7/17/20 at 1:54 pm to
Or he may have long term lease that accounts for those type things.

Doubt it is a little old lady renting it out. Probably some sort of commercial type lease. Surprised the lease isn't recorded somewhere.
This post was edited on 7/17/20 at 1:56 pm
Posted by southside
SW of Monroe
Member since Aug 2018
596 posts
Posted on 7/17/20 at 1:57 pm to
quote:

Using his company as a shell for his personal life is an interesting twist though. Is that legal?


Sounds like the same song and dance a lot of business owners use. No different then the business owner lumping his wife's Yukon and fuel bill into his business expenses.
Posted by Oops Wrong Thread
Member since Jan 2015
25 posts
Posted on 7/17/20 at 1:58 pm to
Low key, real bummed I did not make the poster rankings. There's always next year.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 7/17/20 at 2:01 pm to
quote:

the business owner lumping his wife's Yukon and fuel bill into his business expenses.


Bad idea, that’s one wreck away and seriously injuring or killing someone and losing your business.

Fuel bill is one thing but the vehicle and insurance is a no no.
Posted by UAinSOUTHAL
Mobile,AL
Member since Dec 2012
4843 posts
Posted on 7/17/20 at 2:04 pm to
quote:

Why wouldn’t he just have the company buy a house as opposed to continually pay massive amounts of rent?


Have you seen the house? It's literally like $100+ million dollar house. Renting it makes sense as you can rent for 1-2 years then move to new location for filming.
Posted by UAinSOUTHAL
Mobile,AL
Member since Dec 2012
4843 posts
Posted on 7/17/20 at 2:11 pm to
quote:

That’s great and all but


quote:
lose a reported $50 million last year



You think a Cannabis company lost 50 Million??

The Forbes article is shite. While the is a CBD division of Ignite most of their sales come from the Cannabis side. It's a bad article and sounds like Dan told this guy to mind hos own business and pound sand and shite canned him and now the guy is suing.
Posted by yankeeundercover
Buffalo, NY
Member since Jan 2010
36384 posts
Posted on 7/17/20 at 2:14 pm to
Dan must ABSOLUTELY have some dirt on somebody who doesn’t want it released.

This is a classic outcome of blackmail/extortion.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
36825 posts
Posted on 7/17/20 at 2:17 pm to
quote:

You think a Cannabis company lost 50 Million??



bilzerian is like crusty the clown slapping the ignite logo on anything he can. Definitely doesn’t seem like a company that does anything well.
Posted by USEyourCURDS
Member since Apr 2016
12093 posts
Posted on 7/17/20 at 2:34 pm to
quote:

Low key, real bummed I did not make the poster rankings. There's always next year.



Posted by southernelite
Dallas
Member since Sep 2009
53180 posts
Posted on 7/17/20 at 2:47 pm to
quote:

You think a Cannabis company lost 50 Million??

The Forbes article is shite. While the is a CBD division of Ignite most of their sales come from the Cannabis side. It's a bad article and sounds like Dan told this guy to mind hos own business and pound sand and shite canned him and now the guy is suing.


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