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PURE done for good?
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| rktyr |
http://www.suntimes.com/news/metro/...metro26.article
Entertainment execs charged
Three entertainment executives have been charged with theft
for allegedly bilking Chicago clubs, officials said Thursday. Jay Prasad,
president of Pure Entertainment, plotted with vice president John
Curley and events director Lucas King to steal more than $100,000
over the past year, authorities said. Described as "middlemen," they
would negotiate with New York agents to pay performers for work in
Chicago venues, officials said. Then they would allegedly forge contracts
for a higher amount with the venues and skim the difference. Chicago
Police and Cook County prosecutors raided Pure Entertainment's Near
North Side offices Wednesday. |
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| Inconspicuous |
page not found
search for entertainment execs proved fruitless.
Anyone else heard anything about this?
EDIT: fix the url, please. |
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| Inconspicuous |
gracias.
I'm not shocked, but that both sucks and, in an odd way, is good. It might mean no more PURE (sucks), but also that clubs are willing to even pay inflated booking fees to bring in talent, so I guess there's still a demand on the business end, which is good--even above what people had thought. |
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| UWM |
| Terrible news for those affected directly by it. |
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| Chicago29 |
| quote: | Originally posted by UWM
Terrible news for those affected directly by it. |
Yes, sad:( |
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| dubblies |
| i don't really understand what they are being charged with...i mean, reading the article, it just seems like they were running a business...whats the difference between what they did and when stores buy products from manufacturers and then sell the items for more, 'making a profit'? I mean, I wouldn't exactly call what Pure did stealing, at least not unless there is more we do not know. Being a law student, that article was entirely inaddequate. |
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| Inconspicuous |
| quote: | Originally posted by dubblies
i don't really understand what they are being charged with...i mean, reading the article, it just seems like they were running a business...whats the difference between what they did and when stores buy products from manufacturers and then sell the items for more, 'making a profit'? I mean, I wouldn't exactly call what Pure did stealing, at least not unless there is more we do not know. Being a law student, that article was entirely inaddequate. |
because it was over & above the profit that they acknowledged taking. They were mis-representing their costs. You can make whatever profit you want, but if that's based on a percentage of a cost, you can't mis-represent that cost. It'd be like a contractor telling you it cost twice as much as it did for parts.
EDIT: allegedly...& I hope not. |
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| delobbo |
| or like, you asking me to buy something for you from a store, I go buy it, its $10, I tell you it cost me $20... yeah... bad. |
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| RJT |
| quote: | Originally posted by UWM
Terrible news for those affected directly by it. |
Indeed. Some good people who've worked very hard for Pure are undoubtedly going to suffer because of this.
Show of hands though: Who's suprised?
:conf:
Edit: Also, looks like Jamie Amato picked the right time to head to Chicago... :eek: |
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