Friday, March 27, 2015

Costa Bajjali on Joplin lawsuit: I intend to fully defend myself

David Wallace is still nowhere to be found, but his former partner in Wallace-Bajjali Development Partners, Costa Bajjali is fighting back.

Bajjali told Houston television station KHOU he has not seen the City of Joplin's lawsuit, which alleges fraud and says Wallace-Bajjali did not help "grow or rebuild Joplin in any way."


Earlier this week, the I-Team caught up with Costa Bajjali after a hearing on an unrelated lawsuit.

Bajjali insisted most of the money paid by the city was used to reimburse expenses related to millions of dollars in grants and tax credits Wallace Bajjali helped secure for Joplin. The city values those grants and tax credits at just under $24 million; Bajjali puts the total at $50 million.

He also denied his company was to blame for the lack of progress on proposed redevelopment projects.

Bajjali denied the city's allegations of fraud, gross negligence and willful misconduct, but refused to comment when the I-Team pressed him further.

In a statement today, Bajjali said he has not seen Joplin's lawsuit, but added, "I do fully intend to defend myself in response to any unfounded allegations asserted by any party."

13 comments:

Anonymous said...

Defend himself? What crawl to bankruptcy like a big whoose! I hope they both go to Huntsville prison (not Federal) for being nothing but slick oil salesmen cheating others of their money. He probably didn't even mention the cheated investors. What does he care? He has lived big all this time on their money. What have they accomplished? What? What did they do that was so great? NOTHING!!!!!!!! The investors didn't even get ONE CENT. Yet millions were are missing. The grand plan has always been to be protected in bankruptcy court. This should not surprise anyone. They have conned so many and destroyed peoples lives, and now comes the biggest con of them all, and its going to land on Judge Bohm's lap. He's a good and very tough judge. Lets see how he handles Wallace in his court. He's already dealt with him before in another bankruptcy, Perry lawsuit comes to mind.

Anonymous said...

>>>the I-Team caught up with Costa Bajjali after a hearing on an unrelated lawsuit.<<<

Unrelated in what way?

Anonymous said...

Did Wallace Bajjali hit the road to find some new sugar daddies in Joplin?

The Rise and Fall of Wallace Bajjali - Part 2: Joplin’s Not Sugar Land

Anonymous said...

I just can't understand how Mark Rohr and the fabulous CART team got us into this terrible mess. The elite folks in Joplin may have money, but they don't have common sense!

Anonymous said...

The lawsuits are pouring in. They wont know what to do next. They arrived in Joplin like TWO HUNGRY LEACHES on a Fat Pig... and slithered away in the darkness like the TWO VENEMOUS SNAKES they became!

Anonymous said...

If you read his pathetic Spousal Support Motion in Fort Bend County, he pretty much is crying like a big baby to the court saying he has no money (waaaaa), nothing, no more borrowing, no more resources, nothing to sell.... what a jerk. How about sell the mistress ring? Or why put in a $90,000 pool? Sell the damn house.

Anonymous said...

Maybe the Thatcher guy is helping them hide assets in Europe. The money went somewhere. It didn't just disappear.

Anonymous said...

Take Wallace and Bajjali out in the desert and leave them lost and stranded like his buddy Thatcher.

Then send All their butt buddies from Joplin and most of the R-8 Board and Huff to look for them. If they get lost and stranded too, then it can be all for the children.

Anson can man the mobile command post, and give the only working phone on the other end to Trust Fund Annie.

Anonymous said...

I vote throw wallace and his family out like the dogs they are. She needs to shut down her Facebook page. She's a full fledged idiot. Where's the ex husband? Take those kids stupid. Bunch of junk dressed in expensive clothes, thanks to the citizens of joplin.

Anonymous said...

Right on!

Anonymous said...

Looks like at the hearing on March 24th for the estate, the only one who showed up in court was Costa Bajjali. David Wallace is still the disappearing man. He better start cooperating, this is serious, he's messing with the Feds. This is not his decision...... Next hearing is on April 13 to give Bajjali time to respond to Motion for Summary Judgement.

Anonymous said...

According to KHOU's report last week, where they catch up with Bajjali, Bajjali told reporter that the 1.5 million from Joplin was used to "reimburse" themselves. OK, if that's the case, where did the money come from in the first place? The Houston Investors investment properties. No wonder the poor investors weren't seeing any money. Those two crooks were using the profits for travel expenses, high salaries, other costs regarding their other investments that had NOTHING to do with the Houston investors investment. That is fraud. Its commingling, and a scam. They knew exactly what they were doing. But they knew that bankruptcy would give them a break so they didn't care.

Anonymous said...

11:16 am, YES its related, its the SEC lawsuit with Receiver, because he was in court crying to judge that he needs more time (yes more time to file bankruptcy because we all know what is coming). Wallace didn't even bother to show up. He thinks "I filed bankruptcy, so now I'm protected, screw that receiver, he aint getting a penny outa me!" Remember these two are seasoned scammers. They know how to maneuver the system.