This is it: the end of an era on The Craig Hoffman Show…end of an era because when Eric Flack of WUSA-TV joined the show Wednesday afternoon, he had news on a lawsuit filed against Brian Davis less than a month ago, and this would be the last talk of the hopeful Commanders owner on his show.
And here, in depth, is what Flack found:
“What we were trying to do is focus on the here and now; he does say the past is the past and this is a different company, so we wanted to know if he had anything going on right now that would undermine the claim that things were different,” Flack told Hoffman. “What we found is that just days after he submitted his bid to buy the Commanders, he and a company named Urban Echo Capitol Heights were sue for breach of contract for defaulting on two different loans for a total of $320,000. The loans were allegedly made back in 2019 in two different loans, and the lawsuit says he defaulted on both and has not paid back any of the money.”
Flack has been working to contact the complainant’s attorney, but what he did find is the plaintiff is suing for the full amount plus $200 a day in late fees for each day after the loan was due – and the whole thing confuses both Flack and Hoffman.
“I’m really curious why he would be accused of being unable to repay, or even need, a $320,000 loan in 2019 if he was indeed having financial success with this renewable energy intellectual property he says he has,” Flack said.
“The pattern with Brian Davis seems to be that he collects capital from people and tries to do things with it, and then never does anything with it,” Hoffman replied. “I just don’t understand how he keeps getting capital when there’s no real, tangible thing that exists that he’s put money to. IP can be valuable, but it’s not tangible, and it’s an idea to build something that hasn’t actually been built.”
So, is there something missing?
“We’re not missing anything, and I think that’s why so many of us are confused, because what Brian Davis says and what we’re seeing are two very different things,” Flack said. “He paints himself as a transformative entrepreneur with an idea that will solve the energy crisis, and he’s cashed in for billions of dollars selling that idea – but he has a lot of debt, so something does not add up. You’d think that if one has as much money as he claims he has, you could afford a financial advisor to keep your bills straight. It’s hard to believe some of this as just oversight of bills he forgot to pay.”
And then, the dagger from Flack to end the era of Brian Davis on the Hoffman Show:
“It seems like in many case, he robs Peter to pay Paul, and then robs Pauline to pay Peter.”
Flack has also covered the Blue Line Initiative, so he verified some of Hoffman’s reporting on that subject from his open, and had a lot more to say on it – take a listen above!
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