“There was no reason for us to think that this wasn’t completely legitimate,” said former Coachella city manager Bill Pattison, who traveled to Beijing with a Coachella planning official for another Serena Shi presentation to potential buyers.
She spent $133,000 on clothes at Valentino. Her two Mercedes-Benzes — a sports car and an SUV — cost $294,000.
The scale of Shi’s three-year swindle stunned investors, who hired lawyers in California to file long-shot lawsuits to recover losses. “Let’s get a press release out ASAP!!!” Nazarian wrote that evening in an email to SBE’s development team.described the Hyde Hotel & Residences Coachella Valley as a 350-room “lifestyle resort” to be built by an SBE subsidiary in partnership with Shi’s “Beijing based global real estate placement company.”
Days after the project’s announcement, SBE’s interior designers produced a glossy “look book” with sample photos of mid-century motifs the resort would feature. Captions promised a desert oasis where well-to-do millennials could “party the night away.”We’re offering L.A. Times subscribers first access to our best journalism. Thank you for your support.Shi promoted the resort in forums on WeChat, the Chinese social media app.
By then, Shi had provided two $50,000 deposit checks to buy the vacant land she needed in Coachella. Both of them bounced.knew that SBE ran chic hotels in places like Miami Beach, Las Vegas and Beverly Hills. He was happy to hear of its plan to build a resort with Shi in his hardscrabble city of 40,000 near the Salton Sea.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Serena & Venus Williams Pet Sharks With Family In BahamasThe Venus sisters hit the Caribbean to celebrate their big movie weekend.
Read more »
Hank Von Hell, Former Lead Singer for Norwegian ‘Deathpunk’ Band Turbonegro, Dies at 49The underground icon was known for his theatrical, high-energy live performances.
Read more »
Watch the trailer for Netflix series on infamous socialite scammer Anna DelveyReal-life scammer Anna Delvey lived a lavish life before she was caught in a lie.
Read more »
How This Multi-Million-Dollar Business Owner Recreated Herself And Built New BusinessesIt takes a lot to build a successful business from the ground up. A lot of sweat equity and hard work goes into building a multimillion-dollar revenue-generating business, and Alli Webb, founder of Drybar and current founder of Squeeze Franchises, Becket & Quill, and the Impact Series would know.
Read more »
Katie Price back in hospital as she worries fans with her latest health updateKatie Price has revealed to her millions of fans online that she is currently in hospital. The former I'm a Celebrity...Get Me Out of Here! star broke both her feet back in 2020
Read more »
Hannah Brown Shares the Changes She's Made Since Singing the N-WordHannah Brown made some major life changes over the last year, she shares what she learned and how she changed after singing the N-word on Instagram Live.
Read more »