The shifts of Fortune test the reliability of friends.–Marcus Tullius Cicero, 106-43 B.C. .
The business fortunes of Andrew Jang are difficult to measure. In June of 2019 we noticed that the Adriaen Black web site no longer has logos of professional sports teams. We were unable to find any mention online of Mr. Jang or Adriaen Black during the recent NBA draft. Is the Adriaen Black’s Manhattan show room, referenced in the Adriaenblack.com web site as where they design, style and produce their fashion styles, now closed? Is there an Adriaen Black show room in its headquarters state of Illinois?
There are many, many factors, which affect the bottom line of a business. The factors include, to name a few, changing tastes, infrastructure complications, overhead, disputes with vendors or other service providers, competition and reputation. Mr. Jang’s unique background invites a discussion concerning his reputation and the reputation of the company in which he is believed to be the majority owner, Adriaen Black. Regarding Ms. Jang’s reputation, the reports of KOMO TV in Seattle (In Seattle, Mr. Jang was known as “Andrew Morrison” before he left Washington and changed his name.); The Northwest Asian Times, Seattle; and the March 2019 article in the Wall Street Journal calling Mr. Jang “a fugitive” did not present, in our opinion, a flattering profile of Mr. Jang nor inspire confidence in doing business with Mr. Jang.
We do not know what is in Mr. Jang’s heart or mind, but he has stated his intent to “Make things right” with former investors, charities and his significant judgment creditor. It is our understanding, contrary to his prior representations, that Mr. Jang has not made things right.
From assorted online social postings, Mr. Jang has a large number of friends or acquaintances that may be more than friends. If Mr. Jang has suffered a downturn in his business fortune this begs the question ” Where are his friends who are offering to help him and provide assistance?” Without discussing possible causes of a business downturn for Mr. Jang, if Mr. Jang continues to blame revelations of his past for business misfortunes, the solution is simple and self evident: “Make things right.”
To the friends of Andrew Jang so inclined to assist him with his unfulfilled promise to “Make things right.” the following is offered as a substantial step in the right direction of fulfilling Mr. Jang’s stated goal to make things right.
This is Andrew Jang Making It Right
- Arrange for payments to prior investors of Mr. Jang working with, and through, the Washington Department of Financial Institutions. The Washington Department of Financial Institutions has levied a fine of $ 55,000 upon Mr. Morrison, now Jang. The State of Washington may be willing to forgive the fine for satisfactory payments of the assorted disgruntle investors of which they are aware. Contact the State of Washington-Securities Division at P.O. Box 9033, Olympia, WA 98507, 360-902-8760. We are uncertain as to the sum potentially sought.
- Satisfaction of the judgment lien of Mr. Jang’s largest creditor, G. Woolever. The judgment against Mr. Jang, and the Findings of Fact including fraud, misrepresentation, criminal profiteering and money laundering, originated in Washington. We understand the judgment has been filed in Illinois and ? Contact Bruce Danielson, attorney for Mr. Woolever, firstname.lastname@example.org. We are uncertain as to the amount owing to the judgment creditor.
Mr. Jang may be willing to agree to repay any friend/angel investor the funds advanced on his behalf to fulfill his prior promises, or he may be willing to offer an interest in his company for a financial contribution to deal with his prior obligations.
For Mr. Jang, the bottom line is he cannot outrun his past, which past now includes his unfilled promise to “Make things right.”
Misfortune shows those who are not really friends–Aristotle, 384-322 B.C.