World Class Capital (Nate Paul) gets raided by FBI?

lux21's picture
Rank: Monkey | 55

What I heard was Nate Paul's company World Class Capital in Austin is getting raided currently. Anyone know anything?

Comments (40)

Aug 14, 2019

Heard the same thing. Statesman posted this update but haven't seen anything more concrete.

    • 1
Aug 14, 2019
Aug 14, 2019

Jesus, he should be arrested for just wearing that tie in the ABJ article.

    • 7
Most Helpful
Aug 14, 2019

laugh

    • 13
    • 1
Aug 14, 2019

Never trust a man with 2 first names

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Aug 14, 2019

This has always held true in my experience, honestly

Aug 14, 2019


This is Nate Paul lol

    • 4
Aug 14, 2019

big boise state fan uh

    • 4
Aug 17, 2019

Looks more like Blue Mountain State to me

Aug 14, 2019

Guilty.

    • 3
Aug 14, 2019

Sometimes the universe enacts some cosmic justice

    • 2
Aug 14, 2019

A very poetic justice today. The yield curve inverts and the universe takes down the first of many ego driven un-savy investors.

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Aug 14, 2019

Rumor is Vista may have been raided too

Aug 14, 2019

Vista was not raided

Aug 14, 2019

'We are passionate about our role as the leader of reimagining real estate as we know it. We are World Class and the future is now.'

-Nate Paul, Founder, Chairman, President, and CEO

Aug 16, 2019
HotelCREwiz:

'We are passionate about our role as the leader of reimagining real estate as we know it. We are World Class and the future is now.'

-Nate Paul, Founder, Chairman, President, and CEO

What the hell does that even mean?
it's like he used the Dilbert mission statement generator.
Add in the words "paradigm shift" and I think you win 'business jargon bingo'

    • 1
Aug 14, 2019

This is the greatest Wednesday ever! So happy to hear Nate is finally going to face the law.

Also, Vista and Trilogy were raided too.

Aug 14, 2019

Vista and Trilogy were not raided

Aug 14, 2019

You are correct. Maxwell Locke and Ritter was raided at the Frost, they ran taxes for him.

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Aug 14, 2019

And the list of cringe-inducing RE Company names shrinks.

Aug 14, 2019

I'm sure he was also an investor in Prestige Worldwide

Aug 14, 2019

Yes, he was

Aug 14, 2019

Is Rich Unlces next?

Aug 14, 2019

Couldn't happen to a better person. Too bad it took them so long, maybe he'll get to spend some time in the comforts of a federal prison!

Aug 14, 2019

What do you all think will happen to his land portfolio?

Aug 14, 2019

Endeavor will pick it up.

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Aug 15, 2019

Questionable reporting by KXAN:

"He has since invested in high-profile properties such as the IHOP restaurant site downtown at the corner of Cesar Chavez Street..."

Austinites, is anything high profile about this IHOP? Bold reporting in the city where breakfast tacos rule the world.

Aug 15, 2019

High profile because it's a nice tract with huge development potential (near the convention center, near Rainey Street, near I-35) and unrestricted by Capital View Corridors.

Aug 15, 2019

Not trying to split hairs, but I'd call IHOP "high visibility" rather than "high profile". So much of this guy's story is bluster. Just like 99 Trinity is high visibility, he tried to make it "high profile" by announcing a high-rise that never materialized.

Aug 15, 2019

It's a great site in Rainey, but in terms of breakfast, it is bottom of the totem pole in Austin.

Aug 15, 2019

Not much to go on, but Dallas Morning News reports:

'There were also reports federal agents searched World Class CEO Nate Paul's home.'

Aug 15, 2019

They hit his house first at around 10 am and were still outside at 5 pm loading boxes into a box truck.

Cognito

Aug 15, 2019

This guy is such a slimy douchebag. My buddy works for a top RE law firm in Texas who Nate tried to hire - they literally refused him as a client and told him they cannot work with him in any capacity due to his reputation. He rolls around in a Bentley with prostitutes and waddles his fat ass around downtown Austin like a pimp.

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Aug 15, 2019

That gaudy creamed-colored Bentley is arguably worse than his choice in dress.

    • 1
Aug 16, 2019

Savage Glassdoor review.

    • 7
Aug 16, 2019

Hilarious

Aug 16, 2019
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Aug 16, 2019
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