CeJayVols
Official Vol Cigar Man
- Joined
- Jan 29, 2009
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yes something isn't smelling right. Ruiz just sold that mansion in Gables Estates for $27.5 million just in May this year so makes you wonder if he is bleeding money and scrambling to pay people off he owes like all the reports are saying. And he owes another property in Gables Estates too worth around $49 million so makes you wonder how a ex attorney has so much money at one time he was worth billions.And more…Dudes just a new Shapiro
To add to the problems, LifeWallett has also been tanking. The company was once valued at more than $32 billion and was worth more than $10 a share right before it went public. Now, though, their shares are trading for just 22 cents.
With LifeWallet not doing well, there's concern that John Ruiz is facing financial difficulties.
The Miami Herald say that Ruiz and LifeWallett are facing multiple lawsuits. They claim that Ruiz and his company owe millions of dollars to sellers of various businesses they acquired.
John Ruiz has also had to delay paying back people he got loans from as he looks to get more money. All signs point to Ruiz dealing with money issues, especially due to the fact he and LifeWallet are being very selective in what they share and how they operate.
I think there will be more to come of this story and he has cut off payments I'm hearing promised to athletes at the U so if true, you might see a bunch transfer next transfer portal period.