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, bruce@brucedanielsonlaw.com. 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.
Hear! Hear! I am hoping the much beloved Andrew Jang will receive a little helping hand from his adoring fans. Maybe he can, then, make it right by those of us he wronged so long ago!
Wow! I had no idea. From what I now know, it appears I have dodged trying to explain to my CPA why and how I lost a sizeable sum to Mr. Jang. The Adriaen Black website is not opening and I have been advised that the New York showroom is no longer open. Trying to find a phone number for Mr. Jang or Mr. Swanson, the business manager for Adriaen Black, is impossible. What type of business, which supposedly does millions of dollars a year in sales and income, cannot be reached?
Mr. Jang is great at self-promoting but it appears not so great at dealing with his obligations or other people’s money. I read a recent interview where Mr. Jang described some of his troubles. He claimed he was sleeping on park benches and tried to kill himself. What stood out to me from the interview, he did not mention the many people he hurt or financially ruined, it was all about him. Mr. Jang re-creates himself and finds success, at least he was successful for a short time. I cannot find any information which points to Mr. Jang going back to right his wrongs with investors, vendors and charities. Mr. Jang tries to make it appear that one business deal was the source of his problems. Digging into his background (Thank you Cityguru Investor!) such a claim is simply not true. If anyone invested with Mr. Jang and/or Mr. Swanson, they would be advised to learn how Mr. Jang (then Morrison) used his client’s investment funds. I am sure the previous investor with Mr. Jang, and now his judgment creditor, did not intend to have Mr. Jang “invest” in items from Lover’s package, pet care, etc. From what I understand from the court case in Washington state, Mr. Jang claimed a lack of records and only with a lot of work was the creditor able to secure copies of checks showing how and where his investment was spent.
Funny, one of the older stories Mr. Jang likes to use to promote himself has a title along the lines of “The one to watch” or something like that. Maybe this was a fortune telling story headline. It would be wise to watch Mr. Jang if you are going to do business with him. This assumes you can find him.
Web site down and the cast and crew of Adriaen Black ? Looks like his “friends” and his promised investment returns have much in common. Zip proof of existence and return.