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Jerome Tang Coaches Kansas State Basketball / Re: Portaling
« on: April 24, 2022, 01:22:01 AM »The Dan LeBatard Show stays clowning on Life Wallet, they don't think it's a real company, they hint at, but don't outright say they think it's a criminal enterprise.Please keep us updated on this grift in Miami.
I wonder if Larranaga promised Nijel that he'd get to play point guard.
Somebody should really do a deep dive on this just because it's interesting. Life Wallet just launched a few months ago and judging by the amount of views the youtube videos have that they have posted on their website (sub 100), they have no traffic even though they claim to have over 1 million users.
Life Wallet is owned by a company called MSP Recovery which was supposed to be going public via SPAC at a $32.6 billion valuation. The merger hasn't actually happened yet despite being announced last July.
https://www.reuters.com/lifestyle/wealth/payments-recovery-company-msps-spac-deal-value-combined-firm-326-bln-bloomberg-2021-07-12/
MSP is owned by a guy named John Ruiz who seems to have a sketchy background...
Quote
Over the years the Miami lawyer has hosted a Spanish language cable-TV show, owned a high school sport website and worked on class-action lawsuits. At one point, his luxury cigarette boat was repossessed, according to a published report — an episode Ruiz has called a misunderstanding. Yet today Ruiz is on the cusp of a $23 billion fortune as his MSP Recovery enters into a merger with Lionheart Acquisition Corporation II, a $230 million special purpose acquisition company founded by a former member of an Israel Defense Forces elite combat unit who spent most of his career in real estate.
https://www.bloomberg.com/news/articles/2021-07-14/florida-lawyer-ex-paratrooper-forge-a-33-billion-spac-deal
Here's a story about him wanting to build UM a new football stadium...
https://www.miamiherald.com/news/local/community/miami-dade/coral-gables/article256428481.html
In that article he talks a lot about his net worth and how huge it's going to be after the SPAC merger, but the vast majority of that would only be on paper considering the SPAC involves a comparatively small $230 million investment. He expected it to go through in January, but they had to put it on a 6 month extension and I doubt it will get done. It's all very Miami.