Cardone Deposition 3 EXPOSES SUSSMAN GODFREY LAW FIRM
Cardone is challenges litigator for being dishonest & exposes how system is being misused to misrepresent Cardone claims of 15%
The attorney compares Grant’s public claims against annual reports, underwriting documents, and Cardone Capital’s internal social media policies. Grant defends the full investment context, demonstrates how he has returned hundred of millions of dollars to investors & $14.2 million just this week. He says he stands by the investment and guarantees under oath no investor will lose money.
Deposition playlist
This footage contains sworn testimony, objections, and disputed interpretations. Projected returns are not guaranteed. This content is for informational purposes only and is not legal, tax, or investment advice.
Chapters
00:00 Interest-only mortgages and principal paydown
02:20 The Sawgrass refinance
03:17 Grant’s investor announcement
04:17 Who received the refinance proceeds?
05:07 $11 million becomes $14.2 million
06:28 Will Cardone Capital take a refinance fee?
08:08 Cash flow from the remaining properties
09:27 Was 3% a promise or a target?
10:52 The “mailbox money” Instagram post
13:22 More than 3,000 investors
14:09 Grant questions the exact number
18:30 $100,000 paying $500 per month
20:00 Fund 5’s 2019 annual report
21:22 The reported 4.5% distribution
22:42 Would $100,000 produce $500 monthly?
24:37 Grant says there was no financial harm
26:12 The $20 million distribution claim
29:15 Was investor capital guaranteed?
30:45 Why Cardone Capital cannot guarantee returns
32:21 The $1 million versus Apple comparison
36:15 Grant says $14.2 million was delivered
37:46 The $220,000 investment video
43:59 The original video plays
44:44 “I stand by this video”
46:06 Calculating the projected cash return
48:45 The Delray underwriting document
51:13 Delray’s 2.02% cash return
54:30 What Grant knew when the post was published
56:20 “Is my capital safe?”
58:36 Can real estate fail to appreciate?
1:02:01 The deleted 15% IRR post
1:06:12 The basis for a targeted 15% IRR
1:08:15 “I can’t promise or guarantee it”
1:09:39 Cardone Capital’s marketing policy
1:17:22 What is a legal legend?
1:22:20 The social media compliance manual
1:24:25 Preventing misleading communications
1:25:02 Consequences of noncompliance
1:34:32 Logging every social media post
1:38:04 411 million marketing emails
1:40:35 Protecting non-accredited investors
1:46:23 “Make sure your words are not misleading”
1:48:39 Can a disclaimer fix a misleading post?
#GrantCardone #CardoneCapital #RealEstateInvestingq
Cameron Long
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UNCLE G is a GANGSTER for this 😂! Straight up gangster!
HECK OF A MARKETING MIND
Well, I learned so much about RE today. Thank you Grant LOL.
Thanks for uploading this and being transparent. From what I’ve seen, a lot of the questioning feels like nitpicking minor details instead of focusing on the core issues of the case. I appreciate you making the full deposition available.
Uncle G isn’t playing, he going Bayou on that attorney!
This lawyer is made to look like a total idiot
At least she dropped the condescending tone
She talks the same way. She has antisocial personality disorder. She has that voice
Great Grandpa G for Prez!!!
Get them uncle G! We stand with you!
I hope he turns around and sues them into the Stone Age. I learned that phrase from Mr. Wonderful. I’ve learned a lot from both of them.
Maybe we’re just a little slow here in Oklahoma, but every time she asks him a question, he answers her directly. Then she says that he didn’t respond
Well you’re slow. He responds with a bunch of gibberish that has nothing to do with her question.
Responding to a question, and answering the question are 2 different things. So yeah, you’re just slow.
@bojan1999 Imagine like your own comment that no one wanted to like but yourself what a bum 😂
This man is playing chess, love this video… Checkmate
I love how he turns this into promo for Cardone Capital 😂
You don’t need this because your not looking to own 10-50 units in which you will need a LLC and a professional management team…Now when you open this to the public there’s documents that must be taken care of with lawyers…
After being a PUBLIC real estate fund who has an audience of equity investors….THEY WILL ALWAYS AUDIT YOU EVERY DAY IF THEY COULD BUT ITS MOSTLY QUARTER/ANNUALLY
I love this sh:t. Absolute decimation.
lol he said i might take the fee and go to Saint Tropez.. hahah Grant the GOAT,
“Mr. Cardone, what is a legend?”
“Some people call me a legend :)”
Friggn gold! lol
I always suspected Grant was just another internet real estate scam guy but I’ve watched a few hours of the deposition and I gained much respect. And want to invest lol.
He’s low key getting destroyed a third of the way into this one
Projected vs promised is the whole case, sponsors blur that line in marketing and it almost always comes back up in court or in redemptions.
“Mr Cardone are you currently using this deposition as marketing” lol