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“Worldcom ceo burnie evers who was convicted of orchestrating a multibillion dollar fraud at that that company died yesterday at the age of 78 according to his family. The scandal course resulted in worldcom s 2002 bankruptcy at the time. It was the largest chapter 11. Case in us history evers had served more than 13 years of a 25 year prison term before he was released as last december.
Due to his failing health in a statement. His family members expressed their sincere gratitude to the judge for her evers early release was certainly a blessing he got to spend his last few months with his family of course. I remember mr. Evers well we played parts of our interview.
Many times the last one that he did people may not remember of course. That he was a towering figure not just because he was 6 4. But in the world of telecom. 4.
For a number of years probably. Almost for a decade. You know at one time a a gym teacher. At another time.
A guy who was in the garment business and then started ld d s. Small entrepreneur down in mississippi. A bunch of friends who started this company and always had this focus on costs. But i have talked often times.
I think about the mythology that was created by wall street and the way that i believe they used bernie. Evers and son almost as a frontman for an organization that delivered enormous amounts of fees to the likes of salomon brothers and citigroup their analysts there their bankers. There who orchestrated so many of the deals that they did with this idea that evers was better than everybody else in terms of running this business and a lot worldcom to become one of the largest telecommunications companies in the world. It was a myth.
It was one that that evers part took in in part and played the role of do i really think that he understood the intricacies of the accounting that one on at worldcom no i don t and so i i do sometimes think of that often times and reminder to our viewers of it wall street will do that williams potentially billions in fees. Well you as a result of all the deals that they were able to do with this idea that he was simply able to do it better we covered it all david at the time people listen to you we ve seen at least..
What could what you could argue was going on like this thing. I know that was shocking was the justice department went after him everything it happened. Yeah. Yeah.
And that punishment of 25 years. Did seem. It s when you look at it now with certainly with that respect is it was so far beyond anything else that was received during that period of time. But our condolences to uh to mr.
Evers family. don t have my finances and everything to where i can go out and find it as hero guiding and mentoring young artists has been the bread and butter of princes bank. Account. An account that has grown over the years with diversification and the toys.
We met him at his river oaks area penthouse. One of six or seven homes as he puts it it s where prince has a private elevator with a view. He says puts him closer to god in the parking garage. There were two white rolls royces and that mercedes benz three of princesses thirty or forty cars as he puts it i have aaron material goal that i wanted to accomplish he also allowed us unlimited access to his 1100 acre fully functional cattle ranch in waller county.
Where the main house would stand toe to toe with any mansion in beverly hills inside. There s a stuffed lion bear on the floor and deer heads draping. The walls. The ranch is where he produces and sells hay along with beef from the livestock up to like i m really balanced at this point in my life.
Did i forget to tell you he just bought a whole island near belize all a part of james princesses empire. But the father of several children says his empire. His businesses won t come to them on a silver platter. They have to prove they re worthy and if they don t if i have somebody else that noon.
I have my bloodline that s more qualified to keep the legacy going and keep the moon. But taking place with with something i know the family need then i m gonna embrace them for someone who s looking for the secret while james prinze founder of rap..
A lot records has all the trappings of royalty jewelry. Multiple homes and cars. What he wants and most is simple respect not just from family and friends. But those in the industry.
We would demand that from a lot of people but in a bow. That don t spend nothing it was in february. When prince released a threatening recording targeting some of the biggest names in the hip hop industry is an awakened of sleeping giant so let me put the bullet don t notice by letting them know drake is family. I m not going to go out front.
But a village is clown props. Me or my family bad news. Going to beat you home in hip hop. Sometimes you have to speak a special language to those that don t understand a certain language.
It was a warning to p diddy who according to published reports had a physical altercation with drake then there was that warning to cash money records. And lo lane for allegedly not paying drake. What the mogul says. A canadian born rapper.
Is owed under their label prince who has had his share of high profile controversies like a federal investigation in the 90s with no charges or the civil lawsuit for assault against him that he one wanted to make it clear you don t touch his family. If you don t stand up for yourself and stand up to those around you then people will take that to mean that there s a weakness and we can do anything to you into those that you go and you know my track record in a type of person. I am. You know when a person is family to me friend to me i m down with them and i will take their stand and let their be known here s something else that james prince will not stand for only a week ago.
His good friend. Former rockets player steve francis had his very expensive gold and diamond chain ripped from his neck by someone on the stage at a houston rap concert prince confirms he made one call one simple call to the group to sauce twins. Who put on the concert and guess what take a look at this in a matter of days he had francis s chain in his hand friend and see happy return that s power in the hip hop industry. I told him steam franklin s in the friend of mine.
You know what i mean and i wanted to let that be known it s doing a friend of mine. So you know give them back what was taken from and you know they made that happen the soft spoken rap mogul has a reputation that precedes him with some it s unbelievable respect others its admiration for his charity efforts in the community..
Like after school programs and free food. Giveaways at the prince boxing complex and for some to be frankly honest. It s just downright fear of the man. I don t desire to be feared i desire to be loved if that s possible but most of all i just want to be respected you know and i i don t want nobody to fear me.
I m a lovable person. Yeah. I m a small girl small or not prince knows a heavyweight that comes with his name and his empire. The one he built in houston that still stands tall.
Even today. James prince had a simple dream in 1986. That led him down a road. Many wished they could travel a road paved with platinum and gold albums.
That now hang in his homes. And at the place. He built called rap a lot sometimes i can t believe my own eyes. Those blessings come in the form of high profile children like jazz.
And james prinze. Jr. Who are making millions themselves and they re both under 30. And then there are the trappings of success prince has a fleet of cars that go from rolls royces to an armored vehicle.
There s a penthouse with square footage that could only be guests know whenever i wanna feel that feeling of tranquility and gave a thanks you got to the lake. House see that to the rest this is the ranch 1100. Rolling acres of land and waller county with a huge private lake cattle and a huge main house inside is designed for entertaining or just relaxing yet another huge kitchen expensive furniture and artwork and you can t forget the pool in the back for the perfect summer day print says he has six or seven homes. He actually lives in from a lake house in livingston to a compound in memorial.
There s the island. He just purchased and the 47 foot syrian keema you call that a yacht with all of that what else could this rap mogul..
Want not a brutal goal in life now is mmm prince says now that he has all of the material possessions. Any man could want he s now working on himself. He says he regrets not getting a formal education. But he s focused on bettering himself the best way.
He can reading helps and of course. You know spirits of nourishment. You know and the word of god prince is a very spiritual man he says god is a huge motivator in his life. He believes to whom much is given much is expected.
I definitely want to be in spine and inspirational figure to all of those who have any respect about know our movement. So what s next for prince. Besides self improvement. Well.
He just brokered the biggest non pay per view fight for super middleweight. Champ. Andre ward through. Jay z s company rock nation writing a book about his own life.
And this weekend. His goal is to focus on family by celebrating his son s birthday. Jay prince jr. With parties all over houston.
And he says you re all invited with the assistance of mike mac at takeover studios. Isaiah carey fox. 26. ” .
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