Pride Group - TPine
- Thread starter SCAM CHASER
- Start date
5
Does this mean logistics will continue under previous owners and everything else will Wind down?
So the ones who drove the car in the ditch get the keys back, nobody else was going to step up so it makes sense.
30
Not if everyone just say's no. No way in hell I will book anything with them for the next couple years until we see IF it can pan out.
So how does this work? PGL as an entity will be operating but their fleet is from TPine and lenders who have claims on the equipment. All that goes back to the lenders, and both PGL and owners credits are shot, so unless they get loan sharks to approve credit for their equipment they are not getting any, 100% O/O's model i guess but who in their right mind would want to sign up for work knowing the financial history of the company?
10
The sad part is I think lots of people will flock....
Its actually pretty deplorable but I am sure they are having a big celebration today, why wouldn't they be? They just scammed millions and millions and have been rewarded for their hard work.
If you deal with these clowns - you're a clown. Maybe get some thieves to house sit for you next time as well.
Guess its only in Canada where you get to buy back your Ponzi scheme from the lenders after the house of cards fall.... dang this woulda been a dream for Bernie Madoff, I bet he's wishing he was Canada and not NY based.... I can only imagine the questionable corporations that will spring up in Canada now giving how this has played out. Nothing like telling all the small time trucking / broker scammers that you can up your game to billions and still face no criminal liability or civil penalties in this country.
Nothing like the courts telling the world, welcome to Canada, scam away, we don't prosecute and we also sell you back your fraudulent assets for pennies if you ask nicely.
Nothing like the courts telling the world, welcome to Canada, scam away, we don't prosecute and we also sell you back your fraudulent assets for pennies if you ask nicely.
30
Unfortunately this isn't over yet, I would not be surprised if their on the brink again in early 2025
30
anyone who deals with them is sorry but nuttier than a fruitcake. Pride is dead over hear never do or give them anything just too much risk.
30
Zero chance I'd give these guys anything to haul ever.
Not after seeing the inside of their operation as we have.
And I'm sure it's much worse than we think it is.
I'm sure the customers that have stuck with them will continue to use them. Think of all the money we're saving by using them, that will be the answer