How to lose $200 million in 10 years
November 23, 2009
How do you go broke, in style? [New York Times]
First, you sell the family billboard sign business for millions of dollars. Next, you funnel the funds into real estate, wineries, jet airplanes and a newspaper chain.
When things start to look bleak, borrow money. Everyone lends to David Weyrich — at least they used to.
On Friday, if Weyrich is not able to come up with the $20 million he owes his creditors, properties such as his wineries, luxury inns, and vineyards will be sold on the SLO county courthouse steps.