Social Gloves THE Epic Financial Disaster | Austin McBroom vs Billy McFarland FYRE | FBE Capital

How do you transform Social Gloves, a guaranteed success, in a worse financial disaster than FYRE Festival and collect multiple million dollar lawsuits? Is it in the name? Austin McBroom versus Billy McFarland.
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Because Billy McFarland organised a $26 million dollar Epic disaster, that landed him 6 years in jail, for lying and defrauding investors and concert goers. But Austin already has well over $100 million dollars in lawsuits against him and still faces possible criminal charges, when the exact details of all the contracts are revealed and the alleged ownership changes of the legal entities.

#socialgloves #austinmcbroom #financialscandals #lawsuits #livexlive #financialscam

Video Structure:
00:00 Intro
00:13 Scope of the Financial Disaster
01:37 Instaflexing meets Reality
02:23 Austin McBroom's financial liability
03:22 Turning a guaranteed W in a L
03:58 Why did Austin McBroom take such risks?
04:49 The reality of his insane estimates
05:42 Investor & Organiser Accountability
08:52 Was Austin in breach of Contract?
09:41 Too many yes men/women
10:11 Disregarding great advise
11:44 Not knowing when to stop talking

Now before we diving into all the juicy revelations, it must be said that the event itself was actually very successful. Because it was definitely entertaining, with major artists giving performances and great hosting.

So the best thing McBroom can do is just stop talking about the event, let the lawyers deal with it and hope to settle with his investors and LiveXLive. More than likely Social Gloves will have to file for bankruptcy and if he is lucky he can keep his main company out of the fire.

It’s basically up to LiveXLive how hard the wanna play this, because their reputation has definitely been hurt by this whole saga and I could imagine they wanna be compensated for that.

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Видео Social Gloves THE Epic Financial Disaster | Austin McBroom vs Billy McFarland FYRE | FBE Capital канала FBE Capital