A while back, it was posted that the book publishers were going after Sterling Books. This is the Rawat book buying business run by Chuck Nathan. The publishers reached a settlement apparantly causing Sterling to close its doors and pay in excess of a $5 Million settlement fee. They were not able to get to Rawat. The closest they got was Alvaro on the phone being deposed. The corporate veils did their job of shielding Rawat. Nonetheless, this source of revenue has been at least temporarily eliminated. Rumor has it that they have opened a new similar business, though I forget its name.
Rawat once claimed that Sterling was his largest source of personal revenue, so that will have to be replaced by the premies.
Modified by swimming free at Tue, Aug 01, 2017, 12:04:08
Do you know what the suit involved? I heard that other similar premie businesses involving books were also involved in some sort of law suit, probably selling cheap international books bought in other countries and sold illegally in this country...not sure about much more than that...I think Mr. Nathan is still in the book business, but it seems that the textbook business is on a steep decline, with the advent of e-books and other formats....
This was a new case just against Sterling primarily, for fraud. This was just settled this year. It involved importing or pretending to import cheap foreign copies and selling them in the US.
There was also another lawsuit from a few years back that involved 2 other premie book companies as well....I think one was with Dennis Jones and another with Phil Smyres....both of them have book companies similar to the sterling company with chuck nathan...
yes there have been other lawsuits in the past involving other premie businesses as well. This one though did Amtext-Sterling in. The $5Million settlement was a way larger penalty.
isn't it despicable the way the premies get targeted to fund his lifestyle. No matter how little money they have or what their needs are, let's hoover up some more.
Despicable but by now almost entirely automatic - it's a machine with no thinking (or feeling) parts. If I remember correctly Amtext/Sterling was at one point putting over $1m a year into Rawat's personal account - that is going to be a big hole to fill at the same time as keeping up the cost of Rawat's perpetual holiday. And that is on to of Jon Cainer no longer around to funnel his astrology lolly to Rawat's pocckets. Some major stresses on the internal cult structures a likely becoming evident and I doubt Rawat has a parachute plan.
There seems to be no media coverage of the Amtext/Sterling demise but the Florida Business Registrations show the company as inactive as of 12/14/2016. The California list shows Amtext registration is Forfeit, which usually comes from failure to file up to date docs. Amtext home State is the infamous on shore tax haven of Delaware, but other than showing onthe register any status info requires a log in which I'm not entused to do.
SEVA which is Prem's main personal management operation is still in existence with Cathrine Glebe, Robert Trine and David Wilbur the company officers. It remains the one area of Prem world which has never been opened up to scrutiny.
Here's some links if folks want to follow the digital trail:
