1 00:00:03,600 --> 00:00:06,800 Speaker 1: Reality with the King is hosted by me, Carlos King. 2 00:00:07,080 --> 00:00:10,239 Speaker 1: I'm an executive producer who have produced some of your 3 00:00:10,240 --> 00:00:13,600 Speaker 1: favorite shows from the Real Housewives in Atlanta, New Jersey 4 00:00:13,920 --> 00:00:17,360 Speaker 1: and my own creation, The Love and Marriage Franchise and 5 00:00:17,520 --> 00:00:23,040 Speaker 1: Bell Collective. Every episode we recap reality television from the 6 00:00:23,079 --> 00:00:27,680 Speaker 1: Real Housewives Franchise to The Bachelor or Selling Sunset, in 7 00:00:27,720 --> 00:00:31,680 Speaker 1: addition to celebrity guests, whether in the unscripted space or 8 00:00:31,720 --> 00:00:43,159 Speaker 1: scripted as well. All right, rain Dross, If you've been 9 00:00:43,240 --> 00:00:46,800 Speaker 1: sipping with us, then you know Reality Crime Stories is 10 00:00:46,840 --> 00:00:50,960 Speaker 1: where glam meets grit and the headlines always comes with 11 00:00:51,080 --> 00:00:54,560 Speaker 1: the sight of hard truth. Every week, Courtney Parker and 12 00:00:54,600 --> 00:00:58,560 Speaker 1: I put back the velvet robe on fame, fortune and 13 00:00:58,640 --> 00:01:00,720 Speaker 1: the fallout they try to hide. 14 00:01:01,240 --> 00:01:05,520 Speaker 2: That's right, Carlos, Everything from reality TV scandals to the 15 00:01:05,600 --> 00:01:09,520 Speaker 2: crimes committed behind the cameras, whether it happens on or 16 00:01:09,560 --> 00:01:13,160 Speaker 2: off the screen, Carlos and I will bring you the 17 00:01:13,280 --> 00:01:17,240 Speaker 2: tea surrounding hot topic crime stories involving all of your 18 00:01:17,280 --> 00:01:19,800 Speaker 2: favorite reality TV personalities. 19 00:01:20,280 --> 00:01:23,280 Speaker 1: And if today's story taught us anything, child is that 20 00:01:23,400 --> 00:01:27,640 Speaker 1: in this world the tea is never just hot, it's criminal. 21 00:01:30,560 --> 00:01:36,760 Speaker 1: Courtney Parker and I are back with another episode of 22 00:01:36,880 --> 00:01:44,520 Speaker 1: Reality Crime Stories. Hey Courtney, Hey Carlos So. In this 23 00:01:44,680 --> 00:01:50,680 Speaker 1: episode titled from Bar One to Federal Prison Blues, Courtney 24 00:01:50,680 --> 00:01:55,080 Speaker 1: Parker and I are going to get into my friend 25 00:01:55,800 --> 00:02:00,720 Speaker 1: Peter Thomas, formerly of the Real Housewives of Atlanta, as 26 00:02:00,760 --> 00:02:05,240 Speaker 1: you all know him as a night life impressario suffroclaimed 27 00:02:05,320 --> 00:02:12,280 Speaker 1: bar boss. Unfortunately, Peter recently turned himself in due to 28 00:02:12,919 --> 00:02:17,280 Speaker 1: I are as crimes where he was found guilty. I'm sorry, 29 00:02:17,320 --> 00:02:20,160 Speaker 1: I think he played guilty. As we get into this, 30 00:02:20,560 --> 00:02:26,320 Speaker 1: right and listen, it's it's it's very tough because I 31 00:02:26,360 --> 00:02:32,560 Speaker 1: know him, but he is currently in prison. So Courtney, 32 00:02:32,800 --> 00:02:37,920 Speaker 1: let's just get into what is going on with Peter Thomas. 33 00:02:38,240 --> 00:02:41,560 Speaker 1: He played guilty to failing to pay over two point 34 00:02:41,600 --> 00:02:47,120 Speaker 1: five million dollars in payroll taxes to the Department of Justice, 35 00:02:47,880 --> 00:02:55,600 Speaker 1: receiveds showing employee withholdings allegedly redirected into luxury shopping and 36 00:02:55,880 --> 00:02:59,960 Speaker 1: high rolling living. As the bar One Brent expanded from 37 00:03:00,080 --> 00:03:04,519 Speaker 1: Charlotte to Miami to Baltimore, the Fed say the unpaid 38 00:03:04,560 --> 00:03:09,080 Speaker 1: taxes followed, and so did a paper trail that reads 39 00:03:09,240 --> 00:03:14,840 Speaker 1: like a Bravo after party God federal courtney, get into 40 00:03:14,840 --> 00:03:16,520 Speaker 1: a girl. What is going on with Peter? 41 00:03:17,720 --> 00:03:22,680 Speaker 2: Listen, The thing about Peter is he's no stranger to headlines. 42 00:03:22,760 --> 00:03:26,440 Speaker 2: Like you, you led with this is your friend. You 43 00:03:26,440 --> 00:03:28,760 Speaker 2: guys even tried to do a project together. You did 44 00:03:28,800 --> 00:03:29,800 Speaker 2: do a project together. 45 00:03:30,760 --> 00:03:34,400 Speaker 1: Yeah, we tried to do the bar one one Let's 46 00:03:34,400 --> 00:03:34,880 Speaker 1: spin off? 47 00:03:35,080 --> 00:03:39,800 Speaker 2: Yeah right, But you know you know him more than 48 00:03:40,360 --> 00:03:46,320 Speaker 2: anyone and knows that he's no stranger to headlines, whether 49 00:03:46,480 --> 00:03:53,240 Speaker 2: it's Real Housewife of Atlanta spats, ambitious bar openings, and 50 00:03:53,320 --> 00:03:57,240 Speaker 2: post Bravo ventures. He's always been in the mix. But 51 00:03:57,360 --> 00:04:01,280 Speaker 2: this time it's not reality drama. It's a federal conviction. 52 00:04:02,000 --> 00:04:07,880 Speaker 2: We're talking trust fund taxes, which means literally taking money 53 00:04:08,080 --> 00:04:11,440 Speaker 2: from employees paychecks that was supposed to go directly to 54 00:04:11,520 --> 00:04:18,000 Speaker 2: the RS. According to prosecutors, Peter kept collecting it but 55 00:04:18,800 --> 00:04:23,039 Speaker 2: never sent it in. And that's just not about It's 56 00:04:23,080 --> 00:04:27,960 Speaker 2: bigger than just about mispayments. That's it. It's a straight 57 00:04:28,040 --> 00:04:34,480 Speaker 2: up fellow me and every word that comes out of 58 00:04:34,680 --> 00:04:37,960 Speaker 2: if you've ever had to endure an audit, if you've 59 00:04:38,040 --> 00:04:41,320 Speaker 2: ever been one of the employees that are like, hey, 60 00:04:41,360 --> 00:04:43,839 Speaker 2: you're taking all of this money out of my check 61 00:04:44,320 --> 00:04:48,760 Speaker 2: and they're expecting a refund. They're not getting their refunds 62 00:04:48,760 --> 00:04:52,320 Speaker 2: because this money was never sent in to the rs. 63 00:04:52,360 --> 00:04:56,440 Speaker 2: So it affects. It's a ripple effect of everything, whether 64 00:04:56,520 --> 00:05:00,840 Speaker 2: you're not paying your employees, whether the money that was 65 00:05:00,920 --> 00:05:04,359 Speaker 2: withheld from their checks, they're not getting it back in 66 00:05:04,400 --> 00:05:08,599 Speaker 2: the form of a refund. So the employees can also 67 00:05:08,720 --> 00:05:15,880 Speaker 2: be in in tax you know, penalties in tax trouble. 68 00:05:16,800 --> 00:05:21,640 Speaker 2: We've seen this play out in so many celebrities lives, 69 00:05:22,480 --> 00:05:25,839 Speaker 2: everybody from Wesley Snipes when he had this seven million 70 00:05:25,880 --> 00:05:30,680 Speaker 2: dollar tax evasion conviction, Lauren Hill when she was sentenced 71 00:05:30,720 --> 00:05:35,440 Speaker 2: to for failure to pay roughly a million dollars in taxes, 72 00:05:36,480 --> 00:05:41,400 Speaker 2: even Fat Joe who had nearly three million dollars in taxes. 73 00:05:42,480 --> 00:05:49,080 Speaker 2: The difference is those were their taxes, that was their money. 74 00:05:49,279 --> 00:05:54,920 Speaker 2: So with Peter's case, it is his employee's money that 75 00:05:55,000 --> 00:05:58,640 Speaker 2: he was playing with, and it was supposed to be 76 00:05:58,720 --> 00:06:03,599 Speaker 2: held in a trust for the government and the that 77 00:06:03,800 --> 00:06:07,559 Speaker 2: the I r S considers this sacred money. And once 78 00:06:07,600 --> 00:06:11,920 Speaker 2: you cross the line and you keep that money for yourself. Uh, 79 00:06:12,120 --> 00:06:17,120 Speaker 2: it's not about blaming an accountant, it's about you're in 80 00:06:17,360 --> 00:06:23,000 Speaker 2: territories that are considered federal Trust fund theft. So that's 81 00:06:23,080 --> 00:06:26,760 Speaker 2: what he is dealing with right now. And it is 82 00:06:27,560 --> 00:06:29,480 Speaker 2: it is bad. 83 00:06:30,960 --> 00:06:36,000 Speaker 1: No, it's it's it's horrible. So, just so I'm clear 84 00:06:36,080 --> 00:06:38,680 Speaker 1: and able to break this down to the rain drops, 85 00:06:40,000 --> 00:06:46,240 Speaker 1: Peter went to jail because he failed to pay the 86 00:06:46,360 --> 00:06:51,680 Speaker 1: withholding fees that a business owner, a business owner has 87 00:06:51,760 --> 00:06:55,880 Speaker 1: to pay to the i RS when they have employees. 88 00:06:56,040 --> 00:06:59,240 Speaker 1: Is that what? So that's basically. 89 00:06:58,760 --> 00:07:03,240 Speaker 2: In a nutshell, your company, say it's your company or 90 00:07:03,320 --> 00:07:08,720 Speaker 2: my company, money is withheld from where we claim that 91 00:07:09,360 --> 00:07:13,680 Speaker 2: if you have a body of ten employees, taxes that 92 00:07:13,760 --> 00:07:18,360 Speaker 2: are supposed to be withheld or taxes that are payroll 93 00:07:18,520 --> 00:07:22,120 Speaker 2: that you're saying is designated. I'm going to pay my 94 00:07:22,240 --> 00:07:28,080 Speaker 2: employees this amount. I'm keeping that money in a trust. 95 00:07:28,720 --> 00:07:31,560 Speaker 2: I'm going to keep this money safely and securely in 96 00:07:31,640 --> 00:07:36,600 Speaker 2: a trust, and I'm going to be responsible for paying 97 00:07:36,640 --> 00:07:40,480 Speaker 2: the taxes. So when you send off your tax documents, 98 00:07:40,840 --> 00:07:45,880 Speaker 2: whatever whatever, whatever that money is designated to pay, you're 99 00:07:45,960 --> 00:07:50,080 Speaker 2: telling the IRS, I have two point five million dollars 100 00:07:51,280 --> 00:07:57,640 Speaker 2: that is supposed to go towards my employee payroll. You're 101 00:07:57,720 --> 00:08:02,480 Speaker 2: claiming that right, you're saying, if I made ten million dollars, 102 00:08:03,080 --> 00:08:06,280 Speaker 2: two point five million dollars of that is going is 103 00:08:06,520 --> 00:08:11,720 Speaker 2: I'm setting aside to pay my employees, so that you're 104 00:08:11,720 --> 00:08:15,800 Speaker 2: not paying taxes on the full ten million dollars. You're 105 00:08:15,880 --> 00:08:21,440 Speaker 2: actually paying taxes on what is that seven point eight 106 00:08:21,680 --> 00:08:24,560 Speaker 2: million dollars, that's what you're supposed to be paying taxes 107 00:08:24,600 --> 00:08:29,680 Speaker 2: on because two point five or I'm sorry, you're paying 108 00:08:29,720 --> 00:08:34,440 Speaker 2: taxes on seven point five million dollars versus paying taxes 109 00:08:34,480 --> 00:08:37,360 Speaker 2: on two point five million dollars because you're saying the 110 00:08:37,440 --> 00:08:40,880 Speaker 2: two point five out of the ten million that's designated 111 00:08:41,040 --> 00:08:44,280 Speaker 2: two point five dollars is designated to my payroll, So 112 00:08:44,360 --> 00:08:47,800 Speaker 2: I'm supposed to use that money to pay my employees. Well, 113 00:08:47,840 --> 00:08:51,880 Speaker 2: employees were working and saying they weren't getting their money, 114 00:08:51,920 --> 00:08:56,200 Speaker 2: where is their money? And he was using their money 115 00:08:57,240 --> 00:08:58,160 Speaker 2: for himself. 116 00:08:59,200 --> 00:09:01,319 Speaker 1: Goddess God, I got it on it. 117 00:09:01,840 --> 00:09:09,199 Speaker 2: So he was inevitably not paying taxes, not allegedly uh 118 00:09:10,120 --> 00:09:13,160 Speaker 2: tax money that was supposed to be withheld for within 119 00:09:13,240 --> 00:09:19,559 Speaker 2: your trust for employees payroll, he was using it for himself. 120 00:09:20,040 --> 00:09:24,240 Speaker 2: They're talking from and when you have to turn in 121 00:09:24,400 --> 00:09:28,040 Speaker 2: your accounting and how you spent this money. If you're 122 00:09:28,080 --> 00:09:31,320 Speaker 2: allotting that, well two point five went to payroll, and 123 00:09:31,400 --> 00:09:35,320 Speaker 2: whistle blowers or employees are saying you didn't. You haven't 124 00:09:35,400 --> 00:09:39,200 Speaker 2: paid me anything. I haven't got paid. You're opening up 125 00:09:39,200 --> 00:09:42,560 Speaker 2: all these restaurants, but you're showing up with new Louis, 126 00:09:43,000 --> 00:09:47,280 Speaker 2: new Gucci, new cars, new new things with our money. 127 00:09:48,600 --> 00:09:52,000 Speaker 2: That's where it got really dicey. And you have to 128 00:09:52,080 --> 00:09:54,760 Speaker 2: prove what you bought. So when they audit you and 129 00:09:54,800 --> 00:09:58,160 Speaker 2: go through your books, the irs does not play. When 130 00:09:58,160 --> 00:10:00,240 Speaker 2: they go through your books, you have to justify by 131 00:10:00,320 --> 00:10:03,840 Speaker 2: all of your spending and they can see where all 132 00:10:03,920 --> 00:10:08,440 Speaker 2: your money went. So for him, it went to places 133 00:10:08,480 --> 00:10:12,080 Speaker 2: that it shouldn't have and it wasn't. 134 00:10:12,120 --> 00:10:16,600 Speaker 1: So yeah, So what is so interesting about this is 135 00:10:16,679 --> 00:10:19,640 Speaker 1: when it and we'll get into the details. But obviously, 136 00:10:19,840 --> 00:10:23,160 Speaker 1: you know, my audience are huge fans of the Real 137 00:10:23,200 --> 00:10:27,080 Speaker 1: Housepots of Atlanta. And while Peter's on the show, and 138 00:10:27,120 --> 00:10:29,520 Speaker 1: I'm sure you you've seen this to Courtney watching the 139 00:10:29,520 --> 00:10:33,720 Speaker 1: show those years as well, there's always been you know, 140 00:10:33,960 --> 00:10:39,120 Speaker 1: rumors and shade throwing Peter's way. You know, Phaedra and 141 00:10:39,200 --> 00:10:46,280 Speaker 1: Porsche famously called bar one Bar None. They have accused 142 00:10:46,320 --> 00:10:51,120 Speaker 1: Peter throughout the show of not playing his employees. They 143 00:10:51,200 --> 00:10:54,360 Speaker 1: have accused Peter throughout the show, I'm not paying people 144 00:10:54,400 --> 00:10:57,600 Speaker 1: in general. We all know that season three when Peter 145 00:10:57,640 --> 00:11:02,319 Speaker 1: and Sempa came on the show, that they did not 146 00:11:02,440 --> 00:11:04,680 Speaker 1: have any money, that they ran out of money, and 147 00:11:04,720 --> 00:11:09,360 Speaker 1: how Cynthia was somebody, as a proud model since she 148 00:11:09,480 --> 00:11:13,080 Speaker 1: was a teenager, spent her entire life saving money because 149 00:11:13,080 --> 00:11:15,640 Speaker 1: as a model, when the getting is good, you get 150 00:11:15,679 --> 00:11:18,200 Speaker 1: it because you know that the shelf life of a 151 00:11:18,240 --> 00:11:21,920 Speaker 1: model sort of expires when you hit your thirties. Unfortunately, 152 00:11:22,120 --> 00:11:25,920 Speaker 1: right so here she is a woman in her forties 153 00:11:26,400 --> 00:11:30,080 Speaker 1: getting married for the first time and they are now 154 00:11:30,280 --> 00:11:35,480 Speaker 1: both in death. Now what happened after that is bar 155 00:11:35,520 --> 00:11:38,880 Speaker 1: One has been featuring the show. We were going to 156 00:11:38,880 --> 00:11:41,600 Speaker 1: do a spin off of bar One Charlotte that did 157 00:11:41,640 --> 00:11:44,840 Speaker 1: not get picked up by the network. When it comes 158 00:11:44,880 --> 00:11:48,760 Speaker 1: to the sort of smoking mirrors of what was going 159 00:11:48,840 --> 00:11:55,040 Speaker 1: on these years on the show, are you surprised by 160 00:11:55,559 --> 00:11:57,000 Speaker 1: what is going on with Peter? 161 00:12:00,920 --> 00:12:06,520 Speaker 2: No, I'm not, because it's not smoking mirrors. When you 162 00:12:06,720 --> 00:12:10,200 Speaker 2: if you follow the money, you're gonna land at the truth. 163 00:12:10,480 --> 00:12:14,600 Speaker 2: You know, like a lot of times these were allegations. 164 00:12:15,080 --> 00:12:24,720 Speaker 2: I do think though, when allegations turn into actuality, that's 165 00:12:24,760 --> 00:12:27,640 Speaker 2: what we're dealing with here. And I've gotta say this, 166 00:12:28,040 --> 00:12:33,920 Speaker 2: like Peter is always gonna be connected in word and 167 00:12:33,960 --> 00:12:38,640 Speaker 2: in breadth to real housewives of Atlanta Royalty, Cynthia Bailey, 168 00:12:38,760 --> 00:12:44,760 Speaker 2: who I absolutely admire in all of this because when 169 00:12:44,760 --> 00:12:49,560 Speaker 2: I say, no other housewives that I know of would 170 00:12:49,760 --> 00:12:54,720 Speaker 2: maintain such grace and poise, even though her name gets 171 00:12:54,800 --> 00:13:01,080 Speaker 2: drug in association with him. So just kudos to her 172 00:13:01,280 --> 00:13:04,800 Speaker 2: for being nothing but quiet and gracious in all of them. 173 00:13:05,120 --> 00:13:08,120 Speaker 2: I know she's like, ooh, I dodged a bullet. She 174 00:13:08,200 --> 00:13:12,640 Speaker 2: has not given any messy interviews, she has not posted 175 00:13:12,640 --> 00:13:17,800 Speaker 2: anything cryptic. She is just book busy in minding her business. 176 00:13:18,040 --> 00:13:24,880 Speaker 2: So I like that. But with him, we've seen it, 177 00:13:24,960 --> 00:13:29,679 Speaker 2: We've seen what comes across sometimes is his arrogance, his 178 00:13:30,360 --> 00:13:35,800 Speaker 2: boss moves, his for lack of a better word, his 179 00:13:36,080 --> 00:13:40,480 Speaker 2: lack of knowledge when you're over your head trying to 180 00:13:40,520 --> 00:13:45,440 Speaker 2: run these businesses. So I do believe where there was smoke, 181 00:13:45,520 --> 00:13:51,240 Speaker 2: there was fire, and unfortunately, by pleading guilty, you're at 182 00:13:51,320 --> 00:13:55,720 Speaker 2: least owning your part in the mishap. With respect to 183 00:13:56,120 --> 00:13:56,559 Speaker 2: the money. 184 00:13:57,920 --> 00:14:00,680 Speaker 1: It's why it was been going on. So I want 185 00:14:00,720 --> 00:14:05,959 Speaker 1: to give the rain drops a timeline of what's been happening. 186 00:14:06,080 --> 00:14:10,760 Speaker 1: So these are all the allegations that we found based 187 00:14:10,840 --> 00:14:14,640 Speaker 1: on just the public records of the core documents. So 188 00:14:15,000 --> 00:14:19,760 Speaker 1: listen up, rain drops. I'll just say allegedly for the 189 00:14:19,800 --> 00:14:23,040 Speaker 1: sake of saying it, Allegedly, between the years of two 190 00:14:23,120 --> 00:14:29,920 Speaker 1: thousand and seventeen. In twenty twenty three, Peter allegedly failed 191 00:14:29,920 --> 00:14:34,120 Speaker 1: to pay over two point five million in payroll taxes. 192 00:14:34,360 --> 00:14:38,640 Speaker 1: The Department of Justice outlines over one point seven million 193 00:14:39,320 --> 00:14:45,920 Speaker 1: from employee withholdings were diverted. On July second of twenty 194 00:14:46,040 --> 00:14:52,720 Speaker 1: twenty four, Peter did a guilty plead. December nineteenth of 195 00:14:52,800 --> 00:14:56,920 Speaker 1: twenty twenty four is when Peter was sentenced at eighteen 196 00:14:57,000 --> 00:15:04,480 Speaker 1: months plus two years provides release plus two point five 197 00:15:04,840 --> 00:15:10,000 Speaker 1: six million dollars in restitution the court knows luxury spending 198 00:15:10,080 --> 00:15:16,560 Speaker 1: and transfers. August first of twenty twenty five is when 199 00:15:16,640 --> 00:15:22,200 Speaker 1: Peter reported to Miami Federal Prison to where he is 200 00:15:22,360 --> 00:15:27,240 Speaker 1: currently serving his sentence. So Courtney, this is interesting. So 201 00:15:28,560 --> 00:15:31,920 Speaker 1: he's been sentenced to eighteen months in prison. He did 202 00:15:32,080 --> 00:15:36,760 Speaker 1: plead guilty based on him pleading guilty because we know 203 00:15:36,880 --> 00:15:42,520 Speaker 1: that some people. We talked about the Chris Lees who 204 00:15:42,600 --> 00:15:49,320 Speaker 1: went to prison for the alleged accusation, the alledged crime 205 00:15:50,080 --> 00:15:52,600 Speaker 1: of withholding tax as well. I'm not sure it was 206 00:15:52,600 --> 00:15:55,680 Speaker 1: payroll tax. I think was just record tax. But I'll 207 00:15:55,720 --> 00:16:00,840 Speaker 1: have you explain that. Okay, did Peter get it, in 208 00:16:00,920 --> 00:16:05,560 Speaker 1: your opinion, a lighter sentence because he did, after all, 209 00:16:06,200 --> 00:16:10,280 Speaker 1: plead guilty, whereas the other affirmission celebrities that we know 210 00:16:10,440 --> 00:16:14,160 Speaker 1: from the Bravo world u pled not guilty, and when 211 00:16:14,160 --> 00:16:17,720 Speaker 1: they were found guilty, their sentence did seem harsher. 212 00:16:18,520 --> 00:16:22,760 Speaker 2: Well, we're talking about it's not tax evasion as much 213 00:16:22,800 --> 00:16:28,520 Speaker 2: as fraud, tax fraud. For Peter, what's the difference, Well, again, 214 00:16:28,720 --> 00:16:31,840 Speaker 2: he wasn't. They're talking When you're talking about the Chris Leeds, 215 00:16:31,880 --> 00:16:35,400 Speaker 2: when you're talking about Teresa, we're talking about their money. 216 00:16:36,080 --> 00:16:39,520 Speaker 2: When we're talking about Peter, he's we're talking about other 217 00:16:39,600 --> 00:16:43,880 Speaker 2: people's money. We're talking about payroll. So he it's it's 218 00:16:44,160 --> 00:16:49,440 Speaker 2: it's a different dynamics, same tax uh fraud, but it's 219 00:16:49,680 --> 00:16:55,280 Speaker 2: different dynamics because it's one thing for me to claim 220 00:16:55,400 --> 00:16:57,640 Speaker 2: I didn't get money or I got money, and I 221 00:16:57,680 --> 00:17:01,200 Speaker 2: didn't necessarily say all the money that I got, it's it. 222 00:17:02,000 --> 00:17:04,680 Speaker 2: I feel entitled to my money, which is a lot 223 00:17:04,720 --> 00:17:07,880 Speaker 2: of times why they like the crescies pled not guilty. 224 00:17:07,920 --> 00:17:10,160 Speaker 2: They were like, this is our money, we earned it. 225 00:17:10,600 --> 00:17:15,280 Speaker 2: We didn't defraud all the companies that they were alleged 226 00:17:15,359 --> 00:17:20,080 Speaker 2: to have defrauded. We're talking about people who were waiting 227 00:17:20,160 --> 00:17:24,520 Speaker 2: on their paychecks, and Peter used the money for payroll 228 00:17:25,040 --> 00:17:30,360 Speaker 2: to keep and spend on himself. It's not his money, 229 00:17:31,040 --> 00:17:34,720 Speaker 2: so you know it belongs to your employees and the 230 00:17:34,760 --> 00:17:39,000 Speaker 2: irs they're still on the hook for. It's a different 231 00:17:39,080 --> 00:17:42,360 Speaker 2: kind of fraud. It's not just tax evasion. It's fraud 232 00:17:42,560 --> 00:17:47,040 Speaker 2: you to you use my money. I still am claiming 233 00:17:47,480 --> 00:17:51,600 Speaker 2: that I was supposed to make this money. I earned 234 00:17:51,760 --> 00:17:56,480 Speaker 2: this money. You kept it and bought Louie every dollar 235 00:17:56,920 --> 00:18:01,000 Speaker 2: in that trust fund. You were the trusted person for 236 00:18:01,119 --> 00:18:05,800 Speaker 2: the trust fund for your payroll employees, and you spent 237 00:18:05,920 --> 00:18:11,520 Speaker 2: that money allegedly on yourself. That's government property. That's money 238 00:18:11,520 --> 00:18:16,239 Speaker 2: that should have been withheld for your employees. You pocketed it. 239 00:18:16,720 --> 00:18:21,240 Speaker 2: That's what the prosecutors are. That's what he's gone to 240 00:18:21,440 --> 00:18:24,440 Speaker 2: gel for. That was what the conviction was for it 241 00:18:24,520 --> 00:18:28,919 Speaker 2: wasn't his money to spend. So having said all of that, 242 00:18:28,920 --> 00:18:34,639 Speaker 2: that's a federal offense because you still owe restitution to 243 00:18:35,000 --> 00:18:40,040 Speaker 2: not a company, you owe restitution to these people who 244 00:18:40,119 --> 00:18:44,560 Speaker 2: came to work every day and never got paid. Eighteen 245 00:18:44,600 --> 00:18:49,520 Speaker 2: months is not a long time, so I wouldn't necessarily 246 00:18:49,560 --> 00:18:53,920 Speaker 2: call it a light sentence. But because he's it's eighteen 247 00:18:53,960 --> 00:18:57,639 Speaker 2: months in federal prison, I don't know that they're shaven 248 00:18:57,680 --> 00:19:02,679 Speaker 2: down that time. Fed time is really real time, like 249 00:19:03,400 --> 00:19:06,399 Speaker 2: you know, I just don't know if he might have 250 00:19:06,480 --> 00:19:09,760 Speaker 2: to end up serving the entire eighteen months. And then 251 00:19:09,840 --> 00:19:13,680 Speaker 2: let's not forget that he got eighteen months plus two 252 00:19:13,840 --> 00:19:17,359 Speaker 2: years supervised, and he still has to figure out a 253 00:19:17,400 --> 00:19:19,520 Speaker 2: way to pay back the two point six y five 254 00:19:19,920 --> 00:19:26,240 Speaker 2: million dollars two point five two h million dollars in restitution. 255 00:19:26,640 --> 00:19:32,080 Speaker 2: So you've got eighteen months in federal prison, you've got 256 00:19:32,119 --> 00:19:36,960 Speaker 2: two years supervised release, and then you still have to 257 00:19:37,000 --> 00:19:40,840 Speaker 2: pay back the money you owe that you spent that 258 00:19:41,080 --> 00:19:43,640 Speaker 2: should have been going to your employees. I think there 259 00:19:43,760 --> 00:19:48,040 Speaker 2: was there was a person that I felt really sad 260 00:19:48,160 --> 00:19:52,080 Speaker 2: for one of his employees that had been working and 261 00:19:52,160 --> 00:19:56,640 Speaker 2: showing up and promised her paycheck for months on end 262 00:19:58,840 --> 00:20:01,399 Speaker 2: and she just never got her. So imagine going to 263 00:20:01,440 --> 00:20:05,200 Speaker 2: work every day and still not collecting your money. It's 264 00:20:05,320 --> 00:20:06,720 Speaker 2: it's like crazy. 265 00:20:08,560 --> 00:20:11,159 Speaker 1: To piggyback off of what you're saying, Courtney, which is 266 00:20:11,320 --> 00:20:16,919 Speaker 1: just this is getting crazy and crazier. So Peter is 267 00:20:16,960 --> 00:20:24,399 Speaker 1: currently serving time in the it's a Miami prison. It's 268 00:20:24,440 --> 00:20:29,919 Speaker 1: called the federal What's hold on a second, I want 269 00:20:29,960 --> 00:20:32,240 Speaker 1: to make sure I get it right. It's a federal prison. 270 00:20:32,840 --> 00:20:38,440 Speaker 1: It's a federal it's called the Federal Correctional Institution in Miami. 271 00:20:39,119 --> 00:20:45,320 Speaker 1: So rain drops, listen up to what allegedly happened. So 272 00:20:46,320 --> 00:20:51,399 Speaker 1: they're saying that Peter allegedly withdrew two point five million 273 00:20:51,440 --> 00:20:56,159 Speaker 1: dollars from its businesses, used three hundred and seventy thousand 274 00:20:56,240 --> 00:20:59,879 Speaker 1: dollars for travel in real estate, and use more than 275 00:21:00,200 --> 00:21:04,240 Speaker 1: two hundred and fifty thousand dollars on shopping at high 276 00:21:04,760 --> 00:21:06,520 Speaker 1: end stores. 277 00:21:08,080 --> 00:21:13,160 Speaker 2: Coney while you laugh, you can't believe baton your way 278 00:21:13,200 --> 00:21:13,959 Speaker 2: out of a ledger? 279 00:21:14,640 --> 00:21:17,920 Speaker 1: They was what that wasn't it was? 280 00:21:17,960 --> 00:21:22,240 Speaker 2: It? I read several reports that he did several spending 281 00:21:22,359 --> 00:21:27,320 Speaker 2: sprees on uh Louis vuiton that's why I keep mentioning 282 00:21:27,400 --> 00:21:37,720 Speaker 2: Louis Baton he was a beeton more than Dion Sanders. Listen, listen, 283 00:21:37,880 --> 00:21:41,600 Speaker 2: you can't do that because it's not your money. You 284 00:21:41,640 --> 00:21:45,199 Speaker 2: have your poor little employees just trying to you know, 285 00:21:46,359 --> 00:21:49,320 Speaker 2: bottoms up on their paycheck, and you they can't have 286 00:21:49,400 --> 00:21:52,920 Speaker 2: it because you're spending two hundred and fifty thousand dollars. 287 00:21:53,640 --> 00:21:57,440 Speaker 2: You just read those numbers. Two hundred and fifty thousand 288 00:21:57,480 --> 00:22:02,640 Speaker 2: dollars in shopping, shopping at Target. With that money, he 289 00:22:02,800 --> 00:22:12,800 Speaker 2: was at Louis and Gucci, Louie and Gucci. Every bag 290 00:22:12,880 --> 00:22:17,320 Speaker 2: that he bought, everything that he bought was also part 291 00:22:17,440 --> 00:22:21,560 Speaker 2: of the prosecutor's exhibits. So when you look at the 292 00:22:21,600 --> 00:22:26,399 Speaker 2: court document and you see those ledgers of Exhibit A, 293 00:22:26,720 --> 00:22:32,240 Speaker 2: Exhibit B, there was a lot of designer goods leave 294 00:22:32,280 --> 00:22:38,000 Speaker 2: Bauton that were entered into the court's records as as 295 00:22:38,080 --> 00:22:40,840 Speaker 2: part of what he spent the money on. Allegedly. 296 00:22:44,720 --> 00:22:53,280 Speaker 1: Yeah, so Peter Thomas before, so Courtney, before Peter turned himself, 297 00:22:53,400 --> 00:23:00,280 Speaker 1: not turn himself in child before I thought of right 298 00:23:00,320 --> 00:23:02,400 Speaker 1: worse the yous chyld y'all know, I've been the ab 299 00:23:02,480 --> 00:23:05,720 Speaker 1: dy k Williams School of Law so I'm talking of 300 00:23:05,800 --> 00:23:08,240 Speaker 1: fu the right terminology. Okay, thank Kelly. 301 00:23:08,760 --> 00:23:11,800 Speaker 2: I've gotten my law degree from Law and Order University. 302 00:23:12,320 --> 00:23:19,679 Speaker 1: Exactly. So Peter reported to president on August first. But 303 00:23:19,800 --> 00:23:23,080 Speaker 1: before he did that, Courtney Peter did have this to 304 00:23:23,160 --> 00:23:27,280 Speaker 1: say on Instagram. And this is what he said, Courtney Parker, 305 00:23:27,720 --> 00:23:31,119 Speaker 1: and I quote all my people told me not to 306 00:23:31,200 --> 00:23:34,639 Speaker 1: post this, that I am crazy. If I do, I 307 00:23:34,720 --> 00:23:39,480 Speaker 1: am not crazy, just realist. Fuck. The first thing I 308 00:23:39,560 --> 00:23:44,080 Speaker 1: must say to all new business owners, please pay that 309 00:23:44,160 --> 00:23:47,320 Speaker 1: withholding tax. You do not want to be in the 310 00:23:47,400 --> 00:23:52,600 Speaker 1: position that I am right now. The law is the law. 311 00:23:53,320 --> 00:23:57,040 Speaker 1: It's not easy for us black men, especially my industry. 312 00:23:57,560 --> 00:24:01,120 Speaker 1: No bank fund, restaurant, bar loud. We have to put 313 00:24:01,119 --> 00:24:04,439 Speaker 1: that shit on us. This is a new chapter in 314 00:24:04,480 --> 00:24:12,800 Speaker 1: my life. It's called accountability and responsibility. He concluded accordinate 315 00:24:12,920 --> 00:24:16,680 Speaker 1: by saying God bless And by the way, I didn't 316 00:24:16,760 --> 00:24:20,359 Speaker 1: just found God in my time with troubles. I was 317 00:24:20,520 --> 00:24:25,800 Speaker 1: raised this way. Love Peet, which is Peter Thomas. 318 00:24:27,960 --> 00:24:29,040 Speaker 2: How do you feel about that? 319 00:24:30,520 --> 00:24:32,720 Speaker 1: I mean, look, I will say this, I will say 320 00:24:32,760 --> 00:24:37,920 Speaker 1: this obviously. I love Peter. I love Peter. I've known 321 00:24:37,920 --> 00:24:42,960 Speaker 1: Peter for oh my gosh, oh my gosh, fourteen years Peter. 322 00:24:43,720 --> 00:24:48,159 Speaker 1: Peter is a good guy. He's a great person. Now, 323 00:24:49,280 --> 00:24:53,639 Speaker 1: with that being said, obviously Peter did something bad, and 324 00:24:53,680 --> 00:24:59,000 Speaker 1: I'm not here to dispute that what Peter did is bad, right. 325 00:25:00,040 --> 00:25:06,720 Speaker 1: I do appreciate Peter holding himself accountable. And look, now 326 00:25:07,240 --> 00:25:11,800 Speaker 1: there are things within that quote right that I know 327 00:25:11,920 --> 00:25:16,199 Speaker 1: a lot of people rightfully so would find hard to 328 00:25:16,280 --> 00:25:22,120 Speaker 1: swallow as he's sort of on one hand, he's saying 329 00:25:22,160 --> 00:25:25,640 Speaker 1: he's taking accountability, but I can see how people may 330 00:25:25,680 --> 00:25:28,560 Speaker 1: feel like he isn't by saying it's not easy for 331 00:25:28,640 --> 00:25:33,320 Speaker 1: us black men in our industry. And I want to 332 00:25:33,320 --> 00:25:35,239 Speaker 1: go on records saying there's a lot of black men 333 00:25:35,280 --> 00:25:38,560 Speaker 1: who own companies that are paying, they're were holding taxes. 334 00:25:39,720 --> 00:25:42,200 Speaker 1: There are tons of black men in the industry who 335 00:25:42,280 --> 00:25:45,440 Speaker 1: do hire accountants to figure things out when it comes 336 00:25:45,480 --> 00:25:46,879 Speaker 1: to the RS. So I don't want to make this 337 00:25:46,960 --> 00:25:49,679 Speaker 1: a race thing. I think what Peter did is a 338 00:25:49,720 --> 00:25:53,800 Speaker 1: Peter thing. And I say that to say, Peter has 339 00:25:53,840 --> 00:25:57,320 Speaker 1: been in the business for a very long time. And 340 00:25:58,080 --> 00:26:00,880 Speaker 1: if the accusations are true, that the money was spent 341 00:26:00,960 --> 00:26:04,760 Speaker 1: on real estate, shopping and et cetera, then you can't 342 00:26:04,800 --> 00:26:07,679 Speaker 1: blame your you being a black man for that, and 343 00:26:07,720 --> 00:26:11,400 Speaker 1: I love Peter, and I hope, I hope Peter did 344 00:26:11,400 --> 00:26:14,080 Speaker 1: not mean in that way. I'm pretty sure when Peter 345 00:26:14,200 --> 00:26:16,600 Speaker 1: watches this, he's going to call me, phone me a 346 00:26:16,640 --> 00:26:20,719 Speaker 1: customing out, because that's what Peter does. And Peter, I 347 00:26:20,760 --> 00:26:23,119 Speaker 1: love you. If I got it wrong, hit me up, brother, 348 00:26:23,119 --> 00:26:27,240 Speaker 1: I love you. But listen, I think it's I will 349 00:26:27,240 --> 00:26:30,440 Speaker 1: say this, he pled guilty. 350 00:26:31,160 --> 00:26:37,080 Speaker 2: He did, and I will say in Peter's defense, and 351 00:26:37,160 --> 00:26:41,240 Speaker 2: I know, good thing he's not tied to any real 352 00:26:41,240 --> 00:26:44,639 Speaker 2: housewife now, because I always get on the hook for 353 00:26:44,840 --> 00:26:51,919 Speaker 2: defending the real housewives husbands. What I believe he was 354 00:26:52,119 --> 00:26:55,159 Speaker 2: trying to say, and I would agree with it is 355 00:26:55,359 --> 00:27:03,359 Speaker 2: harder for black business owners to navigate through the red 356 00:27:03,520 --> 00:27:09,720 Speaker 2: tape of the irs. It really is. When you have 357 00:27:10,040 --> 00:27:15,640 Speaker 2: a nightlife is a high cash flow, high turnover business. 358 00:27:16,240 --> 00:27:19,919 Speaker 2: Add to that multiple locations, a mix of cash and 359 00:27:20,000 --> 00:27:25,440 Speaker 2: credit transactions, and the temptation to borrow money from your 360 00:27:25,520 --> 00:27:29,920 Speaker 2: business for your own personal use. If you're not if 361 00:27:29,960 --> 00:27:33,800 Speaker 2: you have not taken business courses, if you're so busy 362 00:27:33,880 --> 00:27:36,879 Speaker 2: making the money and then spending the money and not 363 00:27:37,080 --> 00:27:43,440 Speaker 2: paying attention to the expansion and having bullet proof bookkeeping. 364 00:27:44,359 --> 00:27:47,600 Speaker 2: Business owners can get caught up. So I'm assuming because 365 00:27:47,640 --> 00:27:50,359 Speaker 2: he did plead guilty and he just said within his 366 00:27:50,400 --> 00:27:53,919 Speaker 2: own quote he got caught up. I don't think he 367 00:27:54,240 --> 00:27:57,960 Speaker 2: understood the extent of it. And I will say the 368 00:27:58,000 --> 00:28:06,320 Speaker 2: irs is ten times harsher on businesses for minorities then 369 00:28:06,400 --> 00:28:10,720 Speaker 2: they are on businesses that are not under a micro 370 00:28:11,000 --> 00:28:15,560 Speaker 2: I mean that are not under a magnifying glass. Because 371 00:28:15,640 --> 00:28:18,879 Speaker 2: Peter was who he was, attention was going to be 372 00:28:19,040 --> 00:28:24,560 Speaker 2: on him. He's very outspoken, he's very charismatic, and he 373 00:28:24,640 --> 00:28:29,000 Speaker 2: talks a lot of shit, excuse my language. And so 374 00:28:29,160 --> 00:28:32,680 Speaker 2: when you have those recipes, it could be a recipe 375 00:28:32,720 --> 00:28:37,719 Speaker 2: for good, a success or a recipe for disaster. And 376 00:28:37,760 --> 00:28:41,160 Speaker 2: I think had it not been for people not getting 377 00:28:41,240 --> 00:28:46,360 Speaker 2: paid and him not understanding that his livelihood and how 378 00:28:46,400 --> 00:28:50,320 Speaker 2: flashy he was was affecting somebody else's livelihood because they 379 00:28:50,360 --> 00:28:54,800 Speaker 2: were the bartender or they were the waitress, I think 380 00:28:54,960 --> 00:29:00,640 Speaker 2: because the right because those worlds are so separate. If 381 00:29:00,680 --> 00:29:07,200 Speaker 2: I'm making ten dollars an hour as a waitress and 382 00:29:07,320 --> 00:29:10,120 Speaker 2: I'm banking on my tips, and I'm getting my tips, 383 00:29:10,360 --> 00:29:13,280 Speaker 2: but I'm not getting my payroll, my check, and I 384 00:29:13,360 --> 00:29:16,880 Speaker 2: need my check then, and I'm looking at Peter who's 385 00:29:16,920 --> 00:29:20,040 Speaker 2: coming in with a new pair of Gucci or Louis 386 00:29:20,040 --> 00:29:25,680 Speaker 2: Waitah loafers, and I need my ten dollars. I think 387 00:29:25,800 --> 00:29:30,720 Speaker 2: sometimes people who have extreme wealth or who was living 388 00:29:30,720 --> 00:29:33,440 Speaker 2: the life get so caught up in the life that 389 00:29:33,560 --> 00:29:36,840 Speaker 2: they forget that there are people. These people who are 390 00:29:36,880 --> 00:29:41,680 Speaker 2: making a minimum amount of money need their money, so 391 00:29:41,800 --> 00:29:45,480 Speaker 2: it's their money, and he's thinking, well, this is my business, 392 00:29:46,200 --> 00:29:48,200 Speaker 2: so I can dip my hand over here if I 393 00:29:48,280 --> 00:29:53,240 Speaker 2: need to dip my hand over there without literally understanding 394 00:29:53,400 --> 00:29:58,400 Speaker 2: how strategic and how ironclad your bookkeeping needs to be, 395 00:29:59,360 --> 00:30:03,720 Speaker 2: and not probably wanting to be educated enough that you're 396 00:30:03,840 --> 00:30:07,840 Speaker 2: trusting somebody else with your money. When we talk about 397 00:30:07,880 --> 00:30:11,320 Speaker 2: the Wesley Snipes and the Lauren Hills, people get taken 398 00:30:11,360 --> 00:30:14,960 Speaker 2: advantage of by these accountants all day long. So when 399 00:30:14,960 --> 00:30:17,440 Speaker 2: we start to step into a lane that you're not 400 00:30:17,600 --> 00:30:22,479 Speaker 2: really well versed in, it becomes a very delicate but 401 00:30:22,600 --> 00:30:26,400 Speaker 2: dangerous dance that you're you're doing. When you're like, I 402 00:30:27,080 --> 00:30:30,040 Speaker 2: think I can run my business, but I'm in over 403 00:30:30,160 --> 00:30:31,080 Speaker 2: my head. 404 00:30:32,120 --> 00:30:36,600 Speaker 1: Yeah, listen, I'm with you. When it comes to the 405 00:30:36,680 --> 00:30:40,800 Speaker 1: employees making minimum wage and relying on their paycheck and 406 00:30:40,800 --> 00:30:43,720 Speaker 1: and not getting it. I'm with you on that month, 407 00:30:43,800 --> 00:30:48,160 Speaker 1: and there's there's there's no excuse for for for that. 408 00:30:48,440 --> 00:30:51,680 Speaker 1: If you are spending money buying these things the real 409 00:30:51,800 --> 00:30:55,280 Speaker 1: estate as shopping, and your employees who are bartenders who 410 00:30:55,840 --> 00:30:59,640 Speaker 1: oftentimes rely on tips, that's that's that's bad. It's like 411 00:31:00,080 --> 00:31:03,120 Speaker 1: I say bad, there's I don't. I don't think anybody's 412 00:31:03,120 --> 00:31:05,800 Speaker 1: making an excuse for him. And listen, he clearly is 413 00:31:05,840 --> 00:31:09,400 Speaker 1: not making any He took the words out of my mouth. 414 00:31:09,640 --> 00:31:11,440 Speaker 1: What I would like to get to, Courtney, is the 415 00:31:11,480 --> 00:31:15,440 Speaker 1: fact that a lot of people assume that in these situations, 416 00:31:16,240 --> 00:31:20,120 Speaker 1: once you serve your time, it's over. Explain to me 417 00:31:20,280 --> 00:31:23,880 Speaker 1: how that may not always be the case, because when 418 00:31:23,960 --> 00:31:33,160 Speaker 1: things fall under the guidelines of restitution, right, even when 419 00:31:33,280 --> 00:31:37,120 Speaker 1: Peter serves his time, whether it's the full eighteen months 420 00:31:37,600 --> 00:31:39,800 Speaker 1: or he gets out a little bit earlier due to 421 00:31:39,840 --> 00:31:43,200 Speaker 1: good behavior, talk to me and explain to me. And 422 00:31:43,240 --> 00:31:49,680 Speaker 1: the rain drops, Courtney, when he gets out, there's still 423 00:31:49,760 --> 00:31:55,040 Speaker 1: things he has to do that's court ordered, right, he has. 424 00:31:54,920 --> 00:32:00,520 Speaker 2: To make hold the money. So whatever the amount, and 425 00:32:00,560 --> 00:32:04,160 Speaker 2: by the time you get out, whatever the restitution is 426 00:32:04,600 --> 00:32:07,480 Speaker 2: if it is one point seven or if it's two 427 00:32:07,560 --> 00:32:12,400 Speaker 2: point five, that money has to be paid to the 428 00:32:12,520 --> 00:32:18,280 Speaker 2: people who did not receive their payroll taxes, whatever was withheld. 429 00:32:18,440 --> 00:32:21,760 Speaker 2: Whatever he owes the irs, the IRS is going to 430 00:32:21,840 --> 00:32:24,959 Speaker 2: get their money, So they'll get their money by way 431 00:32:25,040 --> 00:32:29,160 Speaker 2: of he'll have an opportunity to either make payments towards 432 00:32:29,160 --> 00:32:34,400 Speaker 2: his restitution or if he has it like that, he'll 433 00:32:34,440 --> 00:32:37,960 Speaker 2: be able to just pay the restitution. Like I don't 434 00:32:38,000 --> 00:32:42,240 Speaker 2: know what Peter's finances is are. We don't know that. 435 00:32:42,600 --> 00:32:45,280 Speaker 2: But when he gets out of jail, whatever he has, 436 00:32:45,320 --> 00:32:48,360 Speaker 2: if he was buying properties with it, they can take 437 00:32:48,400 --> 00:32:51,320 Speaker 2: those properties, or he'll have the opportunity to sell those 438 00:32:51,360 --> 00:32:54,960 Speaker 2: properties to make hold the restitution. It's like a bill. 439 00:32:55,880 --> 00:32:59,360 Speaker 2: It's an IRS bill that they will distribute, or it's 440 00:32:59,360 --> 00:33:03,520 Speaker 2: a court bill. So you you now owe in restitution 441 00:33:03,720 --> 00:33:08,720 Speaker 2: to the families, the employees that need their money, and 442 00:33:08,840 --> 00:33:12,800 Speaker 2: to the i r s. You can sometimes if you 443 00:33:12,880 --> 00:33:17,600 Speaker 2: have a good accountant, they can make deals with the 444 00:33:17,640 --> 00:33:21,600 Speaker 2: i RNs to bring that number down. If you're making 445 00:33:21,720 --> 00:33:25,680 Speaker 2: if he's doing step one, which is pleading guilty, owning 446 00:33:25,720 --> 00:33:29,719 Speaker 2: it and being responsible for it, there is a good chance. 447 00:33:29,880 --> 00:33:32,720 Speaker 2: I would say, just based off of everything you said 448 00:33:32,760 --> 00:33:35,840 Speaker 2: about Peter and everything that I've seen about Peter, there's 449 00:33:35,920 --> 00:33:39,880 Speaker 2: an opportunity for him to make right if he has 450 00:33:39,960 --> 00:33:43,320 Speaker 2: the money, settle this down, get this settled down to 451 00:33:43,400 --> 00:33:48,440 Speaker 2: a reasonable amount that he actually can can pay. He 452 00:33:48,520 --> 00:33:52,479 Speaker 2: might sell off one of the properties. They might They 453 00:33:52,560 --> 00:33:57,080 Speaker 2: might give him time to earn this money. So when 454 00:33:57,280 --> 00:33:59,920 Speaker 2: you you might he might approach you to say, Hey, Carlo, 455 00:34:00,200 --> 00:34:05,080 Speaker 2: let's let's do a do over with respect to a show, 456 00:34:05,160 --> 00:34:07,720 Speaker 2: because now I got this two point six million dollar 457 00:34:07,800 --> 00:34:12,040 Speaker 2: restitution bill to make. We might want to see Peter 458 00:34:12,200 --> 00:34:15,600 Speaker 2: get out of jail, but he ain't getting out of 459 00:34:15,680 --> 00:34:18,000 Speaker 2: jail free. There is no get out of jee free 460 00:34:18,000 --> 00:34:20,960 Speaker 2: prior there is a you have a get out of 461 00:34:21,080 --> 00:34:25,319 Speaker 2: jail debt card that you have to pay. 462 00:34:26,239 --> 00:34:30,640 Speaker 1: So all the money, whatever money he makes for the 463 00:34:30,680 --> 00:34:34,920 Speaker 1: rest of his life, the moment he gets relieved, he 464 00:34:35,120 --> 00:34:38,760 Speaker 1: must pay back this two point five million dollars and 465 00:34:38,920 --> 00:34:42,480 Speaker 1: what and all his money will be garnished. Does it 466 00:34:42,520 --> 00:34:45,120 Speaker 1: work that way, absolutely. 467 00:34:44,480 --> 00:34:47,960 Speaker 2: Because it's the I R S. Unless he gets a pardon, 468 00:34:49,440 --> 00:34:54,840 Speaker 2: uh like the Chrysalies did. Unless he gets a pardon 469 00:34:55,040 --> 00:34:59,760 Speaker 2: and they excuse and eliminate that debt. He can fight 470 00:34:59,840 --> 00:35:03,400 Speaker 2: it to get it either tossed out or reduced. But 471 00:35:03,480 --> 00:35:07,840 Speaker 2: the reality is when it comes to the irs, especially 472 00:35:07,880 --> 00:35:11,560 Speaker 2: if you pled guilty, they want their money. So unless 473 00:35:11,560 --> 00:35:15,799 Speaker 2: he's sitting on millions and millions of dollars that we 474 00:35:15,920 --> 00:35:17,840 Speaker 2: just don't know about, because he could get out of 475 00:35:17,880 --> 00:35:20,280 Speaker 2: jail and say, hey, I'm just gonna pay it on off, 476 00:35:21,200 --> 00:35:23,480 Speaker 2: he could have it like that, I don't know. But 477 00:35:23,760 --> 00:35:28,440 Speaker 2: if he did, here's the question. If he did, he 478 00:35:28,480 --> 00:35:32,560 Speaker 2: would have already done it. So until that debt is paid, 479 00:35:32,840 --> 00:35:36,920 Speaker 2: he's going to owe it. Because you have an opportunity 480 00:35:37,000 --> 00:35:43,120 Speaker 2: before the crime is committed to make this right. So 481 00:35:43,239 --> 00:35:47,920 Speaker 2: this is an expensive lesson for him and understanding. And 482 00:35:47,960 --> 00:35:52,960 Speaker 2: that's what happened with Wesley Snips, that's what happened with 483 00:35:53,040 --> 00:35:57,680 Speaker 2: Lauren Hill. Everyone learned the expensive lesson of trusting other 484 00:35:57,680 --> 00:36:01,719 Speaker 2: people with their with their money and their taxes. And 485 00:36:01,800 --> 00:36:05,080 Speaker 2: what he's learned is the IRS doesn't take ile use 486 00:36:05,920 --> 00:36:08,880 Speaker 2: because he was playing around with what he thought he 487 00:36:08,960 --> 00:36:13,040 Speaker 2: could use as his money because it was his company, 488 00:36:13,680 --> 00:36:17,960 Speaker 2: but it was entrusted to him to pay payroll taxes 489 00:36:18,239 --> 00:36:24,520 Speaker 2: on behalf of his employees got it another stinoff show. 490 00:36:24,840 --> 00:36:26,919 Speaker 2: He he'll be able to wipe this deck clean. 491 00:36:27,040 --> 00:36:30,640 Speaker 1: Carlos King, I mean two point five million dollars paying 492 00:36:30,640 --> 00:36:32,759 Speaker 1: that back. That's that has to be like a Love 493 00:36:32,800 --> 00:36:39,120 Speaker 1: Island type of show, Baby, that big show in the land. 494 00:36:39,760 --> 00:36:42,600 Speaker 1: And you know the husbands don't get paid on housewives. 495 00:36:43,960 --> 00:36:47,799 Speaker 2: Yeah, that's a trade secret that I don't think most 496 00:36:47,800 --> 00:36:48,319 Speaker 2: people know. 497 00:36:49,280 --> 00:36:53,120 Speaker 1: Yeah, it's it's it's it's it's it's it's it's the truth. 498 00:36:54,280 --> 00:36:58,799 Speaker 1: All right, So listen, he is serving his time. He 499 00:36:58,920 --> 00:37:05,160 Speaker 1: turned himself in in August first two weeks ago. Courtney, 500 00:37:05,200 --> 00:37:07,880 Speaker 1: what word of advice do you have to business owners 501 00:37:09,600 --> 00:37:12,799 Speaker 1: so that they won't end up in this same fate? 502 00:37:14,040 --> 00:37:16,399 Speaker 2: I would say, don't borrow money you can't pay back, 503 00:37:16,560 --> 00:37:20,400 Speaker 2: and never borrow from Uncle Sam. He doesn't forget and 504 00:37:20,480 --> 00:37:22,800 Speaker 2: he definitely does not forgive. 505 00:37:25,080 --> 00:37:28,279 Speaker 1: Good advice. No, because you know the cause you know 506 00:37:28,480 --> 00:37:31,920 Speaker 1: it's a double talk, drove the whole life forgiving depth 507 00:37:31,920 --> 00:37:37,640 Speaker 1: and like and forgiving the. 508 00:37:35,960 --> 00:37:38,759 Speaker 2: Okay, okay, I got my little Kendrick mur. 509 00:37:42,680 --> 00:37:46,759 Speaker 1: So, Sizza got it. Okay, work, but. 510 00:37:46,800 --> 00:37:52,319 Speaker 2: No, in all true, like don't borrow money going into business. 511 00:37:52,760 --> 00:37:58,120 Speaker 2: I would always also suggest it's okay to start small 512 00:37:58,719 --> 00:38:03,440 Speaker 2: and stay small until you have some real understanding. I 513 00:38:03,480 --> 00:38:06,520 Speaker 2: think where Peter started to get in trouble with Some 514 00:38:06,600 --> 00:38:10,920 Speaker 2: people get a garner of success and then they want 515 00:38:10,960 --> 00:38:15,640 Speaker 2: to expand and expand and expand. Like you're a business owner. 516 00:38:16,200 --> 00:38:22,920 Speaker 2: You literally grew kingdom rain more so by morsel by morsel, 517 00:38:23,120 --> 00:38:27,200 Speaker 2: until it becomes this wonderful cookie. I think when you 518 00:38:27,239 --> 00:38:31,279 Speaker 2: sometimes step out of the rain the realm of what 519 00:38:31,440 --> 00:38:34,000 Speaker 2: you actually know. It's hard to be the face of 520 00:38:34,040 --> 00:38:37,280 Speaker 2: something too, like Peter was the face he was trying 521 00:38:37,320 --> 00:38:41,040 Speaker 2: to function it. It's just just stay in your lane 522 00:38:41,200 --> 00:38:48,200 Speaker 2: sometimes and understand that. Get you somebody that knows about money. 523 00:38:48,560 --> 00:38:53,240 Speaker 2: As you grow, it's all a gamble, but it's worth 524 00:38:53,280 --> 00:38:58,480 Speaker 2: it to either go get you, take you some classes 525 00:38:59,239 --> 00:39:02,799 Speaker 2: so that you can understand basic bookkeeping. Keep your eye 526 00:39:02,880 --> 00:39:05,520 Speaker 2: on it, but let somebody else who is in that lane, 527 00:39:06,080 --> 00:39:14,080 Speaker 2: who has successfully been in charge of money for other businesses, 528 00:39:15,280 --> 00:39:18,680 Speaker 2: handle it so that you can be unapologetically you. 529 00:39:20,920 --> 00:39:25,560 Speaker 1: And there you have it. So in closing, that's the 530 00:39:25,680 --> 00:39:30,719 Speaker 1: real reality where the bar taps close, but the consequences 531 00:39:30,960 --> 00:39:37,080 Speaker 1: stay open. All right, Courtney Parker, that was a bar. 532 00:39:37,239 --> 00:39:41,840 Speaker 1: Carlos King, Carlos minaj is when I go by, I 533 00:39:41,880 --> 00:39:47,480 Speaker 1: am the son of Nikki NICKI said all of you, 534 00:39:47,520 --> 00:39:52,400 Speaker 1: all my sons, and I say yes mother. But Courtney Parker, 535 00:39:52,480 --> 00:39:54,800 Speaker 1: thank you for another one. I'll see you back next 536 00:39:54,840 --> 00:39:59,399 Speaker 1: week for all new episodes of Reality Crime Story where 537 00:39:59,400 --> 00:40:02,960 Speaker 1: we will die into another case that we will put 538 00:40:02,960 --> 00:40:09,799 Speaker 1: to rest. Reality with the King is executive produced by 539 00:40:09,880 --> 00:40:14,719 Speaker 1: me Carlos King, produced by Lizzie Nimitz, and a partnership 540 00:40:14,760 --> 00:40:18,440 Speaker 1: with the Lack Effect Network. You can also find us 541 00:40:18,480 --> 00:40:21,840 Speaker 1: on my YouTube channel at the Carlos King Underscore