[Investigative Reporter]

I recently met a woman who was scammed by the former owner of Tavern on Nostrand, David Seatts. When she was telling me her story I was appalled. Apparently the guy is charlatan who was able to defraud a number of people around town for hundreds of thousands of dollars, though most people have been silent about it.

I've done a bit of research on Seatts and found some interesting information. In addition to Tavern, Seatts owned a number of businesses and properties in Crown Heights and other locales. Suspiciously, none of his steady rotation of businesses in Crown Heights ever lasted more than a year (Tavern being the exception). While some suggest that it was because he was not a smart businessman, others suspect that that the businesses were a money laundering front. I've heard stories that he would expend large sums of money - thousands of dollars - all in cash.

In addition to Tavern, many do not realize that Seatts co-owned a few businesses in downtown Brooklyn/Brooklyn Heights that all closed in 2008 after a large controversial criminal investigation. There was a big story in the Times about it. One of the co-owners was stealing tens of thousands of dollars from customer credit cards and doctoring the business records. Seatts was never indicated, however, people that I have spoken with suggest that he was very likely involved in the criminal activity.

Closer to home, Seatts also scammed the former owner of the spa on Union. He "sold" her the business back in 2007, representing that he was the owner of the property and making a bunch of representations about the success of the business. Turns out his story was all contrived to get her money. When she tried to obtain the books and records from him, he said they were "stolen". She ended up suing him for fraud for the $40,000 that she paid for the business. She won that case.

And then, two weeks after the first woman sued him for $40,000, he approached another person about purchasing a business from him for $40,000. He'd said that the business was going to open and gave her phony documentation and false representations about the business, but it wasn't
the case. He didn't get any government permits or approvals to open the
business suggesting that he had no intention of actually opening the business. Since they were supposed to be business partners, he was required
to provide her with various documentation and business records, which he never did. He never opened the business.

When she confronted him on it, he said that he was going to return her money, but to date he has not. Apparently when the heat came down, he sold his house and all of his remaining businesses and skipped town. She is in court on the case now, and apparently his lawyer just dropped his case. She's been fighting to get the business records from him, but he's refused to provide them claiming that he has no bank statements, financial statements, no receipts, no invoices, or any other record of what he did with the money.

Seatts also had another business partner in a local pizza shop (the one on Union and Nostrand). There was some bad blood between the two of them though I haven't been able to gather the details on that one) and the business closed less than a year later.

I've dug up some other (public record) information on Seatts. He was sued back in 2007 by another landlord on Nostrand Avenue for failing to pay rent to the tune of tens of thousands of dollars. He lost that case. He was also sued for around $20,000 when he owned Tavern for stealing cable services. He lost that case. Con Edison has three lawsuits against him.

In addition, part of his scam was to take money from tenants, claiming that he was the landlord of a property, when in reality he was the sub-landlord. He would pocket the money, but not pay the real landlord. He did this with both residential and commercial tenants alike.

I find it fascinating the extent of his schemes ... and that no one really knows these stories. The opinions around town about Seatts are decidedly mixed. Many say that he was "shady", "creepy", "crazy" or "perverted", but others commend him for bringing quality establishments to the neighborhood (of course, the means by which he did it are highly questionable). I'm a journalism major and actually trying to do a story on this guy.

If anyone has any additional info, please share!

[Jack Krohn]

Interesting piece. Does he still own Tavern on Dean?

[sweet tea]

No.
_________________
Bumping ancient threads with bot-like bullshit

[Investigative Reporter]

He did not own Tavern on Dean. He owned Tavern on Nostrand, but he has since sold the business along with all of his other businesses in Crown Heights.

If anyone is interested, here is the NY Times article about the criminal investigation of his other businesses: http://www.nytimes.com/2008/08/04/nyregion/04fraud.html

[Lo Kee]

[SnowboardQueen]

[snowboarding]

Hey,

He was my landlord for about a year and a half. It was fine, he was totally shady but treated myself and my roommates very well. When we originally signed the lease he claimed to be the owner of the apartment. It wasn't until a about a year later there were notices on our front door claiming that the rent hadn't been paid in months. Come to find out he actually was not the owner, but subletting the apartment to us. What was weird was that he was actually charging us the same rent as what he would pay, so we wasn't making any money off of us. He also reimbursed us for painting/repairing the kitchen and gave us free food at Tavern. I am happy to not be his tenant anymore, his cell phone # changed monthly and there was obvious kinds of shady business going on. If you want to hear more stories, I have plenty! Shoot me a PM.

[intuned]

I did business with David around the time the spa was being 'sold' in March 2007.
This man has robbed so, so many people, and I am one of them.
It may be easy for someone to say do your due deligience, this was done on my part. David Seatts showed me his 'restaurants', his home on Carroll Street and I had no reason to belive he was not the contractor or restauranteur he said he was. I gave him over 65k over two months and did not get the services promised. Instead he left me with a big mess to clean up and a pile of bills!
He deserves everything coming to him as I believe in karma!
As for him having left the country, NOT so, he is still here and is rumoured to be opening another restaurant on Macon St in Bedford Stuyversant.
You can send a PM to me for more info. I would also like the name of the attorney the lady from the spa used. That would make things a lot easier for all who choose to get some or all of their monies from him!
_________________
Do the right thing, even when no one is watching!

[Investigative Reporter]

Had the same question Lo Kee - but actually in at least one case significant diligence was done. Like intuned, the investor saw his restaurants and his home. She also did a background check on him, met one of his "business partners" (the one who ended up in jail now for fraud), and reviewed the books and records of his other businesses (which had, as it turns out, been falsified).

At the end of the day, there is only so much diligence that can be done and be effective against a professional con artist a la Bernard Madoff.

I too have heard about this restaurant in Bed-Stuy. I've actually spoken with someone that Seatts approached to invest in the business with him.

I get the sense that part of the issue was that people had a level of trust for him because he lived in the neighborhood, was always around, owned a number of "successful" businesses, and appeared to be well off. Plus, a lot of people were silent about what happened to them so he was able to get away with it for a while. It wasn't until all of these lawsuits started coming against him that he had to leave town.

He's moved around a lot, so I suspect that he does this in neighborhoods until he gets caught and then moves on.

[vaportrail]

Wow! Even though this is still 'alleged', this explains a heck of a lot! Great post IR!

[SnowboardQueen]

[intuned]

How can I find the name of the atty the wonam from the spa used to sue David? I am trying to track down other people who may have been scammed by him.
I had put him out of my mind but now think it's time to do something about this!
_________________
Do the right thing, even when no one is watching!

[Investigative Reporter]

If you go to the e-courts on the NY courts website and type in 'Seatts' in both the supreme and civil courts, you'll find a bunch of cases against him. For some reason the Con Ed suits are not showing up, but they are there.

But those are not the only ones. In some cases, his name does not come up in the search because he was not the first named defendant. I was able to dig up some with the help of a friend who is a paralegal, using some legal search sites.

Another one of the cases was found through a Google search: http://www.websupp.org/data/EDNY/1:06-cv-01121-7-EDNY.pdf

I've heard that the landlord of the buildings that Seatts was leasing on the south side of Nostrand is suing him, but have not been able to find any court records to that effect.

Also, intuned and snowboarding, I sent you a PM.

[stardom1]

no

[homeowner]

[blackphantom]

folks,

i have quite the story to tell about david.

i met him back in 2001 and became good friends with him, seeing him almost daily.

i did business with him but was cautious and didn't get burned.

just reached out to the investigative reporter who started this thread and i'll post my story sometime soon.

cheers!

[SnowboardQueen]

I heard David now lives in a small basement apartment of a friend in Crown Heights.

It seems David was evicted from the Bed - Sty place he was renting, but claimed to own.'

Don't be surprised if you see David lurking around NY Ave and Carrol in the near future.
_________________
snowboarding, photography, films, art, counter culture, alternative

[zola$]

I have know David for years and during that time he has helped many people make loads of money (including me)! It seems one or two people have bought or bought into businesses and have lost money. Is David entirely to blame for this? I don't think so as whenever you invest money your investment can go up or down. What did those who lost money do different from those who made and or are still making money? Answer: due dilligence and hard work! Look at the people whou bought Tavern on Nostrand and the pizza shop, both parties are working very hard to turn their purchases into successful businessess. Truth is David invested tons of money on Nostrand Avenue - the national and international economy collapsed and he along with countless others in this country have lost money! Finally, I remember hanging out with Dave and seeing some women becoming more attracted to what he had and not neccessarily the man himself. I suspect that those who are crying like crazy now probably fall into this category. This might explain why they did not carry out proper risk analysis before putting up any money.

[Ishtar]

Hi, David.

[davidb]

this thread reminds me a little bit of rubbernecking at the scene of auto accidents . . .of little use to most passing drivers, and a real inconvnience to those trying to get somewhere...in this instance, those trying to get somewhere are the merchants/entreprenuers who now have the spaces and are doing things....let's keep them going on the ramp to success...for their sakes as well as the sake of our neighborhood....

[Tim Smith]

David's investors WISH he did INVEST their money into the businesses he said he would. That way if the INVESTMENT tanked, at least David's investors would of had a legitimate tax write off.

The issue as Investigative Reporter states is, "David SCAMMED investors of their money. The money was never investigated into the businesses, so the scammed investors, and there are quite a few, are now forced to sue David in the Supreme Court for the return of the funds that were never invested, but simply stolen by David.

It's all public record. Do a search on David Seatts in the Supreme Court and see the current cases and recent judgments against David dealing with him scamming investors out of their funds.

AND David's FORMER businesses are only in business because David is NO LONGER involved in them in any way. Crown Heights needs legitimate entrepreneurs, not a scam artist.

Link to New York Times Article of David Seatts fraud in his former Brooklyn Heights establishments.

http://www.nytimes.com/2008/08/04/nyregion/04fraud.html

[zola$]

Davidb is correct, let the new business owners move on! If David Seatts scammed everyone out of their money how did he pay to renovate rat holes into such prestigous looking establishments? Did the workers all work for free? Did he get all the materials for free? How were the rents paid? Ultimately for the neighbourhood that little pocket of Nostrand Avenue will be better off because he chose to put tons of his own money into developments over there! If people chose to jump on his bandwagon and have now lost money let the courts decide any and all outcomes, not the tongues of bitter and twisted individuals! What purpose is all this bitter talk serving other than to tarnish those who still have their businesses over there and are working very hard in trying to build them up into the successful establishments they deserve to be!

[Tim Smith]

David Seaats NEVER invested "his own money".

Ponzi scheme pure and simple.

David's partner, the recently disbarred and jailed attorney, Dan. Kaufman who was arrested and charged with grand larceny, falsification of business records and identity theft.., raided his clients escrow accounts and opened the businesses with David Seatts in BOTH Crown Heights and Brooklyn Heights.

Once that cash flow dried up David Seatts went looking for other "investors" to hemorrhage his losses. Hence the stolen funds. Look up the RECENTLY WON judgments and the on going records in Brooklyn's Civil and Supreme Court, it's all public record.

http://www.nytimes.com/2008/08/04/nyregion/04fraud.html?_r=1

NEW YORK TIMES Article Below

Charges and Closed Shops Rattle Brooklyn Heights

By J. COURTNEY SULLIVAN and AMANDA M. FAIRBANKS
Published: August 4, 2008

Amy Francisco, a lawyer and aspiring screenwriter, had grown accustomed to spending evenings at the Wine Bar in Brooklyn Heights, where she could sit at an outdoor table and write in her notebook.
Skip to next paragraph
Enlarge This Image
Béatrice de Géa for The New York Times

The Blue Pig ice cream shop on Henry Street was one of four businesses closed last week after its manager was arrested.
The New York Times

But on Wednesday, she came home from work to find the Wine Bar closed down. Over the previous two days, three other businesses at the same intersection of Henry and Cranberry Streets had also abruptly shut down: the Blue Pig ice cream parlor; Oven, a pizzeria; and the Busy Chef, a prepared-foods market.

Nearly 50 employees had been put out of work, and residents were reeling. “It really is a loss on many levels, not only for me, personally, but for the whole neighborhood,” Ms. Francisco said. Yet unlike the many small, well-liked New York businesses that become casualties of impossible rent increases or the slowing economy, these establishments collapsed amid a swirl of accusations, unpaid bills and the arrest of the affable young man who managed them.

The stretch of Henry Street from Clark to Middagh Streets has long been known for its ever-changing array of storefronts, and the intersection of Henry and Cranberry is notoriously tough on shops and restaurants, so much so that some call it “the cursed corner.”

Many thought that the curse had finally been lifted when the Wine Bar and the Busy Chef took up residence at the beginning of this year on either side of Cranberry Street, with the Blue Pig and Oven operating next to the Busy Chef. All four places were managed by Daniel Kaufman, 34, who told employees he was a part owner and who was known to neighbors as Chef Dan.

Yet while the new establishments drew sizable crowds and seemed to have a promising future, there were disturbing rumblings about Mr. Kaufman. More than a year ago, commenters on the Brooklyn Heights Blog accused him of financial sleight of hand and outright fraud. Some employees said their paychecks began bouncing about three months ago.

Some also said that Alan Young, an owner of the businesses, told them within the last few weeks that Mr. Kaufman no longer worked for him and should not be allowed on the premises.

“I thought Dan was an owner — we all did, because he passed himself off as one,” said Farrah Powell, a manager at the Wine Bar. “I never met the real owners until all of this came to light. I think that was by Dan’s design, so we’d have no one higher up to talk to about his behavior.”

On July 17, Mr. Kaufman was arrested and charged with grand larceny, falsification of business records and identity theft, according to the Brooklyn district attorney’s office. Based on evidence collected by employees and investigators from American Express and Citibank, he was accused of using the credit card numbers of 19 customers to steal nearly $25,000 during the past six months, and attempting to steal an additional $46,000 from five other patrons, according to court papers.

Mr. Kaufman was released on $50,000 bail a day after his arrest, according to his lawyer, Peter E. Brill. The case is now before a grand jury. Mr. Kaufman, who referred all questions to Mr. Brill, faces up to seven years in prison if convicted on the charges.

Julia Horowitz, who owns the Blue Pig in Croton-on-Hudson, N.Y., and was a partner in the Henry Street shop, said Mr. Kaufman was a “con man who bamboozled the whole community” even as he was given full autonomy to run the shops. But Mr. Brill said that Mr. Kaufman was a victim of corrupt business practices by others and described him as “almost a patsy.”

There have been no other arrests in the case. Mr. Young and another co-owner of the businesses, David Seatts, could not be reached for comment on two days late last week and on Saturday, and the district attorney’s office declined to comment further.

Some of Mr. Kaufman’s previous activities can be established from court papers and other sources. He was an owner of a wine restaurant in Boston and was sued last year by that restaurant’s landlord, who said he was owed more than $40,000 in rent, according to court documents. Before that, Mr. Kaufman lived in Vermont, where, Mr. Brill said, he managed and owned restaurants that were unsuccessful.

While the precise details of what happened remain elusive, the darkened storefronts at Henry and Cranberry Streets have everyone talking and are reminders of what has been lost.

Ms. Powell of the Wine Bar said that after Mr. Kaufman’s arrest, vendors refused to make deliveries but that the staff tried to keep the business operating. “The employees were buying food and wine out of pocket, bringing candles from home, whatever it took,” she said. “We just hoped to make the money back at the end of the night and keep the place afloat.

“On Wednesday afternoon, Al Young walked in and told us we were closed, and then he turned around and walked out — no notice, no conversation, no thank you for your effort. Nothing.”

Ms. Powell said she spent the rest of the day calling her co-workers and looking for a job.

“There isn’t much out there,” she said. “It’s going to be so hard for all of us to find work. I am questioning whether I should even put the Wine Bar on my résumé.

“My biggest fear now is being associated with all of this.”

[Tim Smith]

Correction - Alan Young was David's partner's in his ventures and the disbarred attoney who has recently been jailed.

This is the link: http://www.brooklyneagle.com/categories/categ.....tegory_id=4&id=28883. Dan Kaufman was using the credit cards. Young was using escrow.

By Ryan Thompson
and Raanan Geberer
Brooklyn Daily Eagle

BROOKLYN HEIGHTS — Local attorney and businessman Alan H. Young has resigned from the state bar for disciplinary reasons.

The Brooklyn Law School graduate submitted his resignation in November, acknowledging “his inability to successfully defend himself on the merits against any disciplinary charges which may be brought against him…,” according to the Appellate Division, Second Department opinion and order issued in April.

Young was being investigated by grievance committees in three separate New York judicial districts, including the Second Judicial District, for alleged “irregularities in his attorney escrow account.” The Appellate Division immediately accepted his resignation, ordered his disbarment, and demanded that he immediately surrender his attorney secure pass.

Young, an attorney since 1973, was rumored to have been a partner in the defunct Busy Chef, Oven and Blue Pig food businesses on Henry Street in Brooklyn Heights.

The three contiguous businesses were a local fixture for about a year until they closed in July 2008 in the wake of a scandal involving manager Dan Kaufman. The establishments were a takeout food store, an Italian restaurant and an ice cream parlor, respectively.

The original “Wine Bar at 50 Henry” across Cranberry Street was also owned by the same people, but has now reopened under a similar name with new owners.

According to criminal complaints that were subsequently made public, Kaufman was accused of using customers’ credit cards to illegally obtain funds for his own purposes. It remains unclear what Young’s connection was to Kaufman.

[zola$]

Investigative Reporter and Tim Smith are most likely one and the same, Laurel Brown! As if a real investigative reporter was writing this it would not be full of so many factual errors. Kaufman was not partner he was a chef then manager and he was the ONLY crook! David Seatts may not be an angel but he certainly is not a crook!!! All what he did was in good faith!!!

LB speaks about the woman who purchased the Spa being scammed! My wife has two of them in Manhattan and wanted to renovate one of them, I told her that David had just sold one and she wanted to see it. However, when we tried to visit the place on two occasions in the middle of the day on two separate occacions the place was shut. There was a note on the door suggesting if an appointment was needed to call leaving a message. The woman who purchased the place got a world class spa (the decor, facilities and equipment was truly outstanding) but unfortunately did not know how to cultivate business. After approximately a year she decided she did not want it any longer and sued David for her money back!

Laurel Brown 'stalked' David in order to ensure she got piece of the action! She decided to quit her job and invested $40k into a catering hall that he was creating. The economy crashed and as she decided she also wanted her money back. David Seatts agreed to pay her back but as she thought the project would be worth more she demanded $140K. He has not been dropped his attorney the case is ongoing.

[Ishtar]

If this Tim Smith and Investigative Reporter are Laurel Brown, then you, Zola$, are indeed David Seatts.

[Ishtar]

Also, who would be crazy enough to invest in a catering hall? Unless it's in a primo location, the profit margins are razor thin.

[Tim Smith]

Ms Zola$,

All one needs to do is enter Davids Seatts name in Brooklyn's Civil Court or Supreme Court and the recently judgments against him for scamming investors will appear. Your, I mean David Seatts, supreme Court Cases:

Docket #
016610/2007 NOSTRAND AVENUE ASSOCIATES vs SEATTS, DAVID

Docket #
015220/2008 CAMPBELL,NADIA VS AREPI LLC & DAVID
SEATTS

Read the cases and decisions, it's all public record. David Seatts is a scam artist plain and simple. If David paid any of his investors, who have taken him to court, there would be no judgments against him.., as there are.

The facts are stated many times over in the above posts. Now anyone who googles David Seatts will have the needed information to investigate him further in Civil or Supreme Court.

You would love to make it seem as the investors are suing David because the market tanked and they lost money instead of the TRUE REASON that David NEVER INVESTED their funds. Read the court cases, it is all there.

Even the true Bernard Madoff had to eventually face the Judge.

[homeowner]

[zola$]

Ponzi schemes promise to pay high returns for little risk. They generate returns by paying old investors with cash flow from new investors. Fraud can only continue so long as new money is obtained. ESSENTIALLY, there is NO real investment and returns are generated by just shifting funds between parties. Laurel Brown, who is an attorney, approached David Seatts in regards to putting up funds in return for a partnership in the catering hall which was being built. The catering hall was a TANGIBLE entity with no other investors. During the summer of 2008 Brown hung out practically every single day at the site where the catering hall was being constructed. When the economic crashed she demanded her money and instead of accepting her initial $40k she wanted an additional $100k! So, basically she breached the contract but was still offered her money back, yet she is suing for $100k and posting the nastiest of these blogs!! As one former employee from the area has noted, "she is CRAZY and OBSESSIVE".

To my knowledge the only judgement against David involves the woman who purchased the spa. Again, this was not an investment in a ponzi scheme but a bonifie investment as the spa belonged !00% to her. The orginal agreed price was $80k but she only manged to handover $40k. As previously explained when she no longer wanted the business she just shut up shop and walked. As David was the main lease holder he had to pay the landlord, Davidb, in excess of $45k plus pay her unpaid ConEd and gas bills which amounted to over $7,500. As he was out of the country the case was never litigated she won her case by default.

[zola$]

This Madoff crap is just that!! There are no tens, hundreds or thousands of investors. There has never ever been any fraudulent promises to pay high returns for little or no risk. Money was not cunningly shifted from one person to the next. For example, when the pizza shop was sold the partner in that business received his portion. David lost more of his own money than the woman who purchased the spa and Laurel Brown has not lost any money YET, as the case is still to be litigated. Unfortunately, whatever the outcome his losses will be greater!!! Great some may say but had everything worked out they most likely would still be his 'best' buddies!!! Oh well, many of us had encouraged him from putting money into Nostrand Avenue, as we believed it would not be profitable. Nevertheless, he went ahead as his ambition was to build first class businesses in a primarily black neighbourhood, that would be largely owned by people of colour. The real debate here was how was was this?

[LBrown]

Zola$, Please allow me to comment. I was not going to dignify these posts, but only because you continue to post blatantly untrue statements, do I now feel compelled to set the record straight. I am happy to send you every piece of documentation that I have. If after reviewing it all, should you feel inclined to either retract or otherwise cease your postings, I would ask you to do so.

“Investigative Reporter and Tim Smith are most likely one and the same, Laurel Brown!”

Homeowner, thank you immensely for clarifying this. I’ve been yelling at my computer “it’s not me!” Zola$, rest assured, that I have not been fueling this dialog. Like so many men and women before me, I have chosen to take up my battle with David Seatts in the courts, not an anonymous online forum.

Had I the inclination to play this out online, then I would have done it on my own “turf”. Anyone who knows me, knows that I write for a local blog. Had I the desire, I would have posted all of this on my blog, where I would have access to the IP and email addresses of anonymous folk such as yourself (though by your use of the terms “neighbourhood” and “colour” you are probably not as anonymous as you would hope).

I do know many people who know Seatts and also know about my pending case against him. In much the same way that you, Zola$, have taken it upon yourself to be a voice for Seatts, I can only imagine that I have an ally or two on this board that has done the same. Since there is no way for me to prove it, I will leave it at that. You will believe what you want.

“Kaufman was not partner he was a chef then manager and he was the ONLY crook! David Seatts may not be an angel but he certainly is not a crook!!!”


Untrue. Seatts himself introduced Kaufman to me as his partner. And the NYTimes and the Brooklyn District Attorney’s office seem to be under the same impression. Yes, Kaufman is a "crook" but he was not alone.

Alan Young, Seatts’ other partner, financed a number of investments with/for Seatts, including Tavern on Nostrand, before he was caught stealing millions from his clients. This court case against Seatts and Young for theft of utility services is further evidence of their connection: http://www.websupp.org/data/EDNY/1:06-cv-01121-7-EDNY.pdf For more, PM me.

Perhaps Seatts was not involved. And perhaps it is a mere coincidence that right after Seatts’ first partner was indicted for financial fraud, and other partner was disbarred for financial fraud, Seatts hid his books and records, closed up shop and skipped town.

“All what he did was in good faith!!!”

I suspect that our definitions of “good faith” differ substantially.

“To my knowledge the only judgement against David involves the woman who purchased the spa.”

See above link. PM me for others.

“The woman who purchased the place got a world class spa (the decor, facilities and equipment was truly outstanding) but unfortunately did not know how to cultivate business. After approximately a year she decided she did not want it any longer and sued David for her money back!”

While I’m not familiar enough with the facts of that case to expound on it, I will note that in looking at the court papers, she sued Seatts for misrepresentation in the sale of a business. So it would seem that you’ve omitted some really pertinent facts/allegations from your rendition of the truth. And, quite frankly, the facts that you describe don't make sense (e.g. if he had fully divested of his interest the spa, why was he still on the lease).

You also mention that Seatts was out of the country when Campbell’s case was decided against him. That doesn’t make sense. According to court records, that case against Seatts spanned a good 5 months – from May 2008 – October 2008. As I am sure countless people will attest, Seatts was most definitely in town during this period. Furthermore, even if he were out of the country, he surely would have hired a lawyer to represent him. Perhaps his buddy, Alan Young.

You will also note that within a couple of weeks after the $40,000 spa suit was brought against Seatts, Seatts approached me about investing $40,000 in his other venture. Coincidence? Again, if you would like to see the dated summons and my cancelled check to confirm, just let me know.

“ Laurel Brown 'stalked' David in order to ensure she got piece of the action!”

Your use of the quotes suggests to me that you realize that the statement is silly, so I won’t indulge it. Now regarding needing a “piece of the action” or any other implication of needing Seatts’ money, (1) Seatts approached me to invest and (2) I am happy to provide copies of my past tax returns so you can see how very well endowed my own “piece of action” was.

“She decided to quit her job and invested $40k into a catering hall that he was creating. The economy crashed and as she decided she also wanted her money back. David Seatts agreed to pay her back …”


You might not realize it, but your statements suggest that Seatts lied in court documents pending before the court, which I have been contending all along. If you would be willing to sign a sworn affidavit that this is what Seatts told you, it would actually be really helpful. PM me. It would seem to me if you are this adamant behind-the-scenes, you’d be willing to stick to your guns in front of the court.

Regarding “wanted her money back”, actually what I sought from Seatts was a buy-out agreement, alternatively known as a buy-sell agreement. It's a standard agreement in a partnership dissolution. If you are unfamiliar with the term, I encourage you to Google it. Then, if you are interested in reading the supporting documentation, again, feel free to PM me.

“…but as she thought the project would be worth more she demanded $140K. “


Again, blatantly untrue.

In fact, in the first instance the only thing that I “demanded” from my partner was a copy of the books and records documenting how the monies of the company in which I was an investor were being spent. I was growing particularly suspicious because he failed to meet any of his deliverables. And every time I asked Seatts for the b&r, he gave me the run around (and to date has failed to provide them).

Then I uncovered some additional highly suspicious business practices on his part: among other things, he had opened a company bank account without informing me and he had secret meetings with an accountant without informing me. Not to mention his connections to Kaufman and Young. So I wanted o-u-t.

Not sure where you get that $140K figure. The buyout that was proposed and Seatts agreed to was based on my investment. Absolutely no more, no less. I am happy to send you every single email. Just PM me. I also publicly filed them with the court, so you can check it out there. Our docket number is 9016/2009.

“He has not been dropped his attorney...”

You might want to check out the following: http://decisions.courts.state.ny.us/fcas/fcas...../2300090162009101SCIV.pdf I also have copies of the sworn affidavits to this effect. I’m happy to email them to you. Just PM me.

“David lost more of his own money than the woman who purchased the spa and Laurel Brown has not lost any money YET, as the case is still to be litigated. Unfortunately, whatever the outcome his losses will be greater!!!.”

If Seatts had any such “losses” of “his own money” he would have filed his partnership K-1 form with me and the corresponding documentation with the IRS as he is legally obligated to. Yet, going on two years later, the IRS and myself are stilling waiting for those documents…

In the end, Zola$, it seems that you’ve fallen into the same trap that myself and others fell into, you believe what David Seatts says. In light of this and the previous posts about him, I caution you to consider whether that is wise.

[Mamacita]

Zola= David's wife
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(\__/)
(=’.'=)
(”)_(”) "Gentrifire Extinguisher"

[jeffrey]

Yeah, it may worth noting that all of zola$'s posts are coming from overseas IP addresses from a particular location in the UK.

David's wife apparently also happens to live there.

Probably just a coincidence.
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i extend my battery life by averting extreme injustice and inherent evil

[whynot_31]

Zola, we spell "colour" as "color". ....I'm just helping her out in case she gets a new ip
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Hey you! Enlighten up.

[Mamacita]

[stardom1]

no.

[stardom1]

no

[Ishtar]

This man has spurned lovers and business partners all over the place.