David Cohen brags that Gary Michelson did great in teak farms, Forbes, billionaire, crazy

I posted this before but it's important enough to repost it. I saved the original as I do with everything before I posted it so it won't get deleted at the source. I also save the original to an independent third party website verification site so I have their time, date stamp that it is authentic. This is very telling. May 12, 2011 interview of David Cohen by Russ Alan Prince of Private Wealth.

"We also have a meaningful timber investment in Central American hardwoods. This includes building one of the world's largest teak plantations, which will be an excellent investment from a rate of return perspective and is tax efficient. As important is the fact that we are doing our part to reverse climate change with the replanting of 40 square miles of grazing land that was formerly rainforest with six million new trees."

https://www.fa-mag.com/news/growing-the-single-family-fortune-7243.html

So which is it? Did Gary Michelson lose or make money in teak farms? David Cohen spoke with Gary Michelson about his teak farm investment in 2005. Six years later he states it's an excellent investment from a rate of return perspective and is tax efficient." Three years after that all of a sudden it was a shit investment? Teak has been doing well since 2011. That means the investment should have been worth more.

According to David Cohen's bio he is a most excellent investor, investing consultant with many years of experience. He states Gary Michelson's holding companies have done so well they have even won awards. Also note that he said they intentionally bought grazing land to turn into teak farms. Gary Michelson on the stand said he wanted farm land, not grazing land. Not only do the numbers bounce all over the place but so do the facts.

In Gary Michelson's own press release he again brags about his trees. This is again 2011.

"Dr. Michelson strives to live simply by doing his own grocery shopping and driving an 8 year old, pet-friendly American-made vehicle. A firm believer of doing in life what brings you joy; he decided to put his money to good use by giving it away. Michelson acquired land in Costa Rica and Panama and to date has planted in excess of 3.5 million trees. He also founded and funded two charitable organizations; a medical research foundation which primarily focuses on genetic research, and Found Animals Foundation a 501(c)(3) private operating foundation dedicated to animal welfare."

Here again in late 2007, after he filed lawsuits against Richard, he brags about his trees to Forbes magazine.

"Temple U. grad studied medicine at Hahnemann (now part of Drexel U.). Made first fortune as a surgeon inventing spinal implants. Settled nasty intellectual property lawsuit with medical device maker Medtronic in 2005. Payoff: $1.4 billion. "I don't think I've spent one penny of that money." Set up 2 foundations: one supports scientific research, the other strives to save unloved pets. Says philanthropy funded by investment gains. Has planted 3.5 million teak trees in Costa Rica since 1999."

2009 in Forbes he's expanding his teak farms into Panama.
http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Gary-Michelson_LC7M.html

40 square miles is 25,600 acres. In court the figure was close to 23,000 acres. Perhaps David Cohen is just estimating. 23,000 acres is about 36 square miles.

Here Gary admits he had 36 square miles, not 40. He also admits he's a shitty business man.

"But in a 2007 interview with the Business Journal, Michelson gave some indication that he was having problems with people and money. "I've been burned a couple times," he said. "I got lied to because I wasn't scrutinizing enough. That's when I realized I needed to hire staff."

http://www.h0ld.com/forum/post-255064-22.html

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