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Chip Bannister ran the nation's largest real real estate rip faraway from 1965 to 1974. He was the youngest of three guys; smooth, good looking and charming. An egomaniac, but, very smart, extremely cunning. He was an East Coast trust fund child that attended USC, and then, by making use of his billionaire father, developed Bannister Financial in downtown Beverly Hills. Chip quickly uncovered it was easier to simply increase new money, versus, executing the business enterprise plan. That was the beginning of a real real estate Ponzi scheme that would eventually bankrupt the company and everything the investors. One of Chip's college or university friends introduced him to Captain Donald D. Bowen, commanding officer, Point Mugu Naval Air Stop, California. The government was his job; real real estate was his business. Careful, discerning, smart and shrewd. It's easy to run a Ponzi scheme on the dummy, but, was it easy for Chip to move it off on a guy like Captain Bowen who was meticulous and careful? The captain was obviously leery of Chip initially, but, eventually they commenced doing some business over a one year period, 11 transactions total. And then the captain figured out the fraud. By 1974, Chip realized the company was effectively bankrupt and hired a PR firm to blame the whole lot on his employees. The captain put in some time looking into and getting ready; and then, he filed a lawsuit against Chip and Bannister Financial Inc. What Chip didn't know: he had messed with the wrong person. The captain was the current leader of this Team, a mythic band of World Battle I veterans that included the captain's father. The Team would eventually do the particular courts could not dispense real justice on playboy rip-off artist, Chip Bannister.
