WWE Champions General - Despite his claims, DSP is still spending thousands of dollars on the WWE Champions mobile game

  • 🏰 The Fediverse is up. If you know, you know.
  • Want to keep track of this thread?
    Accounts can bookmark posts, watch threads for updates, and jump back to where you stopped reading.
    Create account
Credit to mrhuth2 again. Looks like little Phil has been busy whilst sick:
1580621339266.png

He added points during the day. (Next pic is from 15 hours ago, also from mrhuth2)
1580621395111.png
 
When I first read that he was $40k deep into a game my fucking head exploded, I didn't get it...

But now he's $500k in debt and has $130k on credit cards alone, I actually respect him a bit. I kind of feel like it's a 2 finger salute to those chasing him for debt, he would rather go deeper into the hole he's in than even try and climb out. $40k wouldn't even begin to pay back his debt, it's less than 1/3rd of his credit card debt alone.

Keep going Phil, keep pulling. I hope you get all the sweaty naked men your heart could desire.
 
MoonRocker said:
I thought the $5k monthly business expense was his mortgage, electricity bill, water bill, internet bill, food, and anything else that accommodates his lifestyle that was neatly packaged as a business expense. Basically, he flushes the toilet, the water used in that toilet bowl is marked as a business expense.

I don’t think he reported his gacha game spending anywhere on these forms.

And regarding his increased spending during bankruptcy proceedings: makes complete sense as addicts often increase their substance/ gambling use during stressful times.
Click to expand...

Good luck to him if he claims that on his tax return. I don't know what would be worse. Bankruptcy fraud or have IRS come after you.

This is how it works in Australia. I don't expect it to be materially different in the US.
===
Working from home (I do in Australia. I suspect the tax deductions you can make are similar in the US.)
Working from home, you can claim ~20cent/hour which is supposed to cover electricity/water/... up to 8 hours a day.
There are no circumstances where you can claim mortgage payments (you might get away with it for a while, until the tax office takes notice)
You can claim a little more, a percentage of running the house, IFF you work from a dedicated room with a door. In a room and space that is dedicated for work and can not be used for any other purpose.
At least here claiming that will automatically get someone to come to your house to review that workspace.
As it is so little money, and such a hassle, I think very few people actually try to claim this.

When I lived in California in the past, I did claim some work-from-home expenses, because I did work a few hours from home each week and why not. I recall it was a few tens of cents per hour. Could be wrong. But I think it added up to several tens of dollars per year.


As he clearly works from his couch in his living room. I am willing to bet money that he is NOT claiming an office space in his house on his tax. They would send people from the tax office immediately to inspect the workspace and would have shut those claims down immediately.

Or he has been claiming a lot of dodgy stuff as business expenses on his tax returns and gotten away with it, in which case bringing this to the attention of the court, and in extension the tax office, sound like a really really poorly thought out plan.
 
subtleT said:
TheyCallMeDSP has been active while Phil has called in sick today. And he has an extra wrestler added to the roster. He obviously needs that gambler's high during this Bankruptcy fraud exposure.
View attachment 1125729
Click to expand...

This is worth noticing that just like many of his previous Day-offs, today this account became active during Phil's regular stream hours, whereas during the days DSP streams regularly the account only becomes active in his late night time past midnight
 
AnOminous said:
I'm not sure if he actually specifically thought it out to that degree. I think he just made up a number and claimed it. But if he has to justify it to the court, which he will, he has maybe a couple grand a month in expenditures that he can't just hand wave away. So he'll have to explicitly claim it's a "business expense" somehow.
Click to expand...

I don't think he made the number up from thin air.
I think his main take-away from the meeting with the lawyer was that IF he had less than a certain amount of income then he could file for ch7. Then that is exactly where and how much business expenses he calculated he had. Add a few extra dollars for padding.

I am sure everyone from the creditors and the court have seen this many times before and will not be fooled by his shenanigans.
 
Cuckoman said:
I don't think he made the number up from thin air.
I think his main take-away from the meeting with the lawyer was that IF he had less than a certain amount of income then he could file for ch7. Then that is exactly where and how much business expenses he calculated he had. Add a few extra dollars for padding.

I am sure everyone from the creditors and the court have seen this many times before and will not be fooled by his shenanigans.
Click to expand...

That’s exactly what happened.

If you look at the page in his filing where he states the last 6 months of his Income and expenses, it’s clear that they’re all calculated in a way that he’s right below the accepted median to qualify for Chapter 7.

July 2019 being the biggest telltale where he has an income of approximately $9,100 and expenses or $9,200 which leaves him about $100 in the red. This negative amount balances out his average perfectly to the point it magically qualifies him for the necessary monthly median income for Chapter 7 in WA state.

I’m not even that well-versed in bankruptcy or financial prowess but the moment I saw these numbers and the average total line, I knew these numbers perfectly fit the narrative he’s trying to convey so he can qualify for his bankruptcy.

There’s just enough educated bullshitery in this filing to make me believe that his lawyer instructed him to do certain things so he could qualify for it if he gets lucky.
 
Cuckoman said:
As he clearly works from his couch in his living room. I am willing to bet money that he is NOT claiming an office space in his house on his tax. They would send people from the tax office immediately to inspect the workspace and would have shut those claims down immediately.
Click to expand...

He actually does have a dedicated "office". He does, properly (assuming he only claims the office space), get to claim that as a tax deduction.
 
MoonRocker said:
There’s just enough educated bullshitery in this filing to make me believe that his lawyer instructed him to do certain things so he could qualify for it if he gets lucky.
Click to expand...

What is the risk if he's "caught"?

Is it a case of just trying to qualify for C7 and not be totally fucked with no real downside if he does get caught or will there be a penalty of time kind (fines/jail/criminal record)?

If this is an attempt to get Chapter 7 and there was no real risk then it makes complete sense to lower the value of things he owns and and lie about expenses... But I can't believe that there won't be a downside to lying to a court?
 
Cuckoman said:
I don't think he made the number up from thin air.
I think his main take-away from the meeting with the lawyer was that IF he had less than a certain amount of income then he could file for ch7. Then that is exactly where and how much business expenses he calculated he had. Add a few extra dollars for padding.
Click to expand...

That's more or less what I meant, but I don't think he thought about it much more than that. I don't think he actually added up bullshit to get to that number. He just made the claim that he needed to qualify for the result he wanted. I doubt he even contemplated that his gacha gambling was part of what he was claiming. But he'll have to deal with that when it comes out.

actually said:
He actually does have a dedicated "office". He does, properly (assuming he only claims the office space), get to claim that as a tax deduction.
Click to expand...

If he uses it for anything at all that isn't pure business, that might not work. At least it doesn't for taxes if you get audited. And we know he looks at porn and masturbates in there.
 
Mr. Brown said:
What is the risk if he's "caught"?

Is it a case of just trying to qualify for C7 and not be totally fucked with no real downside if he does get caught or will there be a penalty of time kind (fines/jail/criminal record)?

If this is an attempt to get Chapter 7 and there was no real risk then it makes complete sense to lower the value of things he owns and and lie about expenses... But I can't believe that there won't be a downside to lying to a court?
Click to expand...

I have no idea what I am talking about. But I am speculating:

I suspect the worst consequences would be that the Ch7 attempt would be thrown out and it would become open season to collect on him again from the creditors until he files for ch<something-else>.
The creditors probably don't care what happens to him, they just want their money, or as much of their money as possible and they don't care about anything else. Why spend time and money to meter out punishment? It does not bring them their money back.

I suspect there will not be any downside at all, except he has to re-file as ch13 instead. No one probably cares if he lied. They want their money, nothing else.


The big modulo is if he did some dodgy deductions on his tax returns. Then I could see him getting in real trouble.

But again, I am just speculating out of genuine ignorance. So treat my post as such.

AnOminous said:
If he uses it for anything at all that isn't pure business, that might not work. At least it doesn't for taxes if you get audited. And we know he looks at porn and masturbates in there.
Click to expand...

They come and inspect and they see one of his wifes jackets hanging on a chair, or a cat toy on the floor, in the corner.
BOOM it is no longer an office you can claim tax deductions on.
 
Last edited:
Cuckoman said:
I have no idea what I am talking about. But I am speculating:

I suspect the worst consequences would be that the Ch7 attempt would be thrown out and it would become open season to collect on him again from the creditors until he files for ch13.
The creditors probably don't care what happens to him, they just want their money, or as much of their money as possible and they don't care about anything else. Why spend time and money to meter out punishment? It does not bring them their money back.

I suspect there will not be any downside at all, except he has to re-file as ch13 instead. No one probably cares if he lied. They want their money, nothing else.


The big modulo is if he did some dodgy deductions on his tax returns. Then I could see him getting in real trouble.

But again, I am just speculating out of genuine ignorance. So treat my post as such.
Click to expand...

Yeah I think along the same lines. His options were:
  1. Try and get Ch7 to get a cushy deal that may be accepted with a little lying, if caught it's Ch13
  2. Go straight to Ch13, get fucked from both ends in every way
I don't see what he had to lose, the courts probably have 1000's of people that try this per year... If they fine him it's pointless, I can't see this being something that hurts him in a criminal record way as he has a lawyer helping him and I'm not sure what other consequence there could possibly be? I can't imagine a judge will let someone like Phil who is borderline Ch7 get away without looking into his numbers to make sure it's genuine expenses on his paperwork so I think we will see Ch13 enter the script at some point but I'm just a LARPing law expert at this point.
 
AnOminous said:
If he uses it for anything at all that isn't pure business, that might not work. At least it doesn't for taxes if you get audited. And we know he looks at porn and masturbates in there.
Click to expand...
Well, he streamed the "incident" so wanking in his office is clearly part of his business.
DEBUNKED!
 
Cuckoman said:
They come and inspect and they see one of his wifes jackets hanging on a chair, or a cat toy on the floor, in the corner.
BOOM it is no longer an office you can claim tax deductions on.
Click to expand...

The IRS literally does shit like this if they've decided they're going to disallow something. Maybe you take it to Tax Court and maybe you win, but if they've decided they don't buy your home office deduction you're going to have a world of pain to deal with.
 
>not spending thousands on a waifu gacha
>spends an entire 3rd world countries budget on men in underwear
Watch out kat, looks like DSP is gunning for red rockets :tomgirl:
 
AnOminous said:
The IRS literally does shit like this if they've decided they're going to disallow something. Maybe you take it to Tax Court and maybe you win, but if they've decided they don't buy your home office deduction you're going to have a world of pain to deal with.
Click to expand...
And that's where the $5000 or more in monthly business expenses will screw him. If he claimed realistic numbers (I also am self-employed and work from home in a dedicated office; there are legitimate deductions for household expenses that pertain to the office but not anywhere near the amounts Phil is using) they might accept them, but his ridiculous totals will draw deep scrutiny.
 
You must log in or register to reply here.
Back
Top Bottom