Only Richard Cullen, McGuireWoods, and Urban One will Win on its Failure, Investors and Creditors will lose Billions!
Author Brace Impact, October 6, 2023
Urban One's financial problems are no secret, with numerous warnings from SEC that Urban One will be delisted from NASDAQ on October 20, 2023, for failing to file financial disclosures. How can Urban One desire a Casino in Richmond, which has a history of these failures?
Urban One's plan is to hire McGuireWoods and Richard Cullen to protect them from bankruptcy, while making billions $$$ building and operating the RVA Casino until it bankrupts. The bankruptcy will cost investors and creditors billions of dollars, while Urban One and McGuireWoods are the big "winners." McGuireWoods current leadership rests on the shoulders of Jonathan Harmon.
History has played this old scam for decades, which cost investors billions USD, should we forget:
- Ponzi Scheme by Charles Ponzi (1920)
- Charles Keating (1989)
- Enron Scandal (2001)
- WorldCom Accounting Fraud (2002)
- Tyco International Scandal (2002)
- Bernie Madoff Ponzi Scheme (2008)
Richard Cullen, as the chief legal advisor of Governor Youngkin, has a conflict of interest to be directly involved in the Urban One financial scam plan, so he assigned his son Richard T. Cullen (Cullen Jr.) to represent him in Urban One's affairs until RVA citizens vote a second time on the Casino referendum on November 7, 2023.
Chief Legal Advisor Richard Cullen has a long history as the founder and head of the "McGuireWoods Shadow Government" which has been exposed as a criminal syndicate in pending Ethics Complaints filed against him and eight co-conspirators. They are accused of supporting and promoting a "white nationalism" syndicate in the Virginia Courts, protecting white affluent lawyers and professionals from being implicated in their involvement in a 600 kilo cocaine organization that operated in the RVA area for over ten years.
Godfather Cullen and the co-defendants allegedly protected an international fugitive accused of being the hub of a 600 kilo cocaine from being extradited and prosecuted. Cullen feared that the fugitive's testimony would implicate McGuireWoods' clients and attorneys who were involved in the 600 kilo cocaine organization.
On October 3, 2023, at a meeting at River City Roll for pro-Urban One supporters, Cullen Jr. introduced himself as "advisor" to Alfred Liggins, CEO of Urban One. Cullen Jr. is a partner with PLUS Communications, a full-service firm specializing in bi-partisan public affairs, strategic communications, and advertising campaigns. https://pluspr.com
Cullen Jr. has no experience in Casino/Gambling operations, no experience in the construction or legal industry, Cullen Jr. has a
English and Philosophy B.A from Furman University. Furman University is one of the nation’s premier liberal arts and sciences universities. Cullen Jr.'s employment experience is from Godfather Cullen's political connections where Cullen Jr. worked as press secretary and communication coordinator from 2009 - present date.
Where is Urban One's partner Churchill Downs in all this?
Churchill Downs is attending its own affairs until RVA citizens vote on November 7, 2023, if citizens reject the referendum twice, Churchill Downs will quietly go back to their shadows.
Leaving Urban One and Richmond City mayor Levar Stoney, Councilman Mike Jones, and the other district Councils with egg on their face, wondering if they jeopardized their political career over this quickly sinking proposed Casino. Councilman Mike Jones who has been strongly pushing the Casino, represents the 77th District where the proposed RVA Casino will be built.
Urban One, RVA Politicians, and Pro-supporters of the Casino are promising RVA citizens with over 1300 employment opportunities with an average $55,000 in annual compensation and benefits, yet Casino statistics place the average annual compensation at $30,000.
These "carrot in front of the donkey" scams have a history of bilking investors and creditors out of billions of USD, leaving citizens in the unemployment line and back on government supported welfare services.
