Chapter 7 - Victor Had Signed Side Letters
The side letters appeared the next morning.
Three of them.
Victor had approved additional corporate credits for Vale Meridian events.
The credits totaled $186,000 over nine months.
He called them customer-retention incentives.
Emma’s attorney asked one question.
“Why weren’t they shown in the acquisition materials?”
Victor had no good answer.
The credits made Bellamy’s labor economics look worse than they really were.
They also reduced the pool used to calculate staff distributions.
That meant two things happened at once.
Employees received less.
And Bellamy looked less profitable.
A less profitable restaurant was worth less in a sale.
Richard had been negotiating the price downward using numbers partly shaped by discounts his own company received.
Emma stared at the spreadsheet.
“That doesn’t prove fraud.”
May you like
“No,” her attorney said.
“But it proves you need the rest of the records.”
