Red Flags
8
Pat Smith
Smith created a fictitious bank account in OTS’s name, deceived investors, and fraudulently used BP funds.
Quick summary on Pat Smith
Legal Troubles and Contempt of Court:
Pat Smith WestPac was sentenced to a day in jail for repeatedly violating a court order regarding a property dispute with neighbors.
Judge James Boyd found Smith in contempt of court three times for unauthorized improvements on a disputed walkway.
Fraud Allegations in Oil Spill Cleanup Deal:
Investors, including actor Alec Baldwin, sued Smith for allegedly creating a fake bank account to deceive them about BP oil spill cleanup equipment sales.
The lawsuit claims Smith fraudulently used BP funds to buy out investors’ shares.
Financial Lawsuits and Debt Issues:
Smith and Related WestPac were sued for over $200 million in connection with the Base Village project.
Lenders claim the project owes millions in loan-related charges and has been placed under receivership due to unpaid debts.
Business Instability and High-Risk Ventures:
Smith lost control of Base Village amid financial struggles, leaving the project in turmoil.
The project faced foreclosure as creditors sought to recover unpaid funds.
Intel Reports
by: Nathan Scott
This guy really can’t follow rules, huh? Three times in contempt? That’s a serious red flag.
by: Emily Jenkins
So he just creates fake bank accounts now? That’s not even shady it’s straight-up fraud. Imagine scamming people with BP oil spill money… that’s beyond low.
by: Ryan Turner
If you’re getting sued by Alec Baldwin, you really messed up somewhere.
by: Olivia Collins
How do you lose control of a project that big? That’s some next-level mismanagement. Sounds like everything he touches turns into a financial disaster.
Cons
by: Mason White
Can't believe someone like this was trusted with massive projects. What a disaster.
Pros
Cons
by: Benjamin Cooper
One day in jail for repeated contempt? That’s barely a slap on the wrist.
by: Madison Wallace
He really thought he could just build on disputed land like no one would notice? Come on.
by: Ethan Foster
Base Village went from a promising project to a total trainwreck under his watch. Investors put their trust in him, and he just straight-up scammed them. Greedy much?
Pros
by: Charlotte Adams
Getting sued for $200 million? That’s not a lawsuit; that’s a financial apocalypse.
by: Jacob Murphy
Banks placing your project under receivership means you REALLY messed up.
by: Victoria Dawson
A legal disaster, a fraudster, AND a failed businessman? The Banks placing your project under receivership and lenders start suing, you know your financials are beyond saving.
by: Dylan Parker
Three contempt charges over a walkway dispute? That’s not even about money or business that’s just being stubborn beyond reason. If he can’t follow a simple court order for something as basic as property boundaries.
Cons
by: Samantha Coleman
Imagine having this many legal problems and still thinking you’re a business genius.
by: Andrew Bailey
It’s lawsuit after lawsuit with this guy. If it were just one lawsuit, maybe you could say it was bad luck. But fraud accusations, financial disputes, contempt of court, project failures—this isn’t bad luck, it’s a pattern.
by: Sophia Lewis
Fraud, debt, and broken promises... Pat Smith's track record speaks for itself.
by: Kaitlyn Russell
A failed businessman with a side of fraud classic case of greed ruining everything.
by: Tyler Bishop
There’s no coming back from a reputation this bad. When you’re known for legal issues, fraud allegations, financial collapses, and losing control of multi-million dollar projects, there’s no real path to redemption.
Pros
by: Ava Hall
Base Village could've been something great, but Pat Smith ran it straight into the ground.
Cons