Thursday, October 1, 2020

Metrocenter Mess?

What a shocker.  WJTV reported last night that several Metrocenter tenants paid their deposits and got nothing in return:





Emily Sieferth Sanders made quite a splash when she announced on Facebook that she purchased Metrocenter Mall.  However, JJ reported Ms. Sanders had several fraud convictions under her belt. JJ reported on January 24:


It appears our Metrocenter Mama was busted for some fraud a few years ago.   A Jefferson County jury convicted Emily Sanders of two counts false pretenses in 2012.  Circuit Judge Lamar Pickard sentenced her to serve ten years in prison consecutively but the second ten years was to be suspended if she repaid $130,000 to the victim.

 The verdict states she "fraudulently" represented to Dudley Guice that she had an agreement with Moran Foods to open a Save-A-Lot grocery store in Fayette.  Guice invested $130,000 with Sanders.  She was granted parole in 2014 and is currently on probation...


She got into similar trouble in Illinois.


 Ms. Sanders opened a new company on December 31, 2019.  She is listed as the registered agent for Ashley Sanders & Seiferth Holdings, LLC.  Lord Snow attorney Reed Nunnelee organized the corporation.

The Secretary of State notified the company on August 28, 2020 that it intended to dissolve the company.


 It appears we haven't heard the last of this story.  Stay tuned.


28 comments:

Anonymous said...

if only some blog had warned people. . .

Anonymous said...

Anybody stupid enough to give their money to this obvious con-woman deserves to learn the hard way. This was not even a sophisticated con job. Her "investors" weren't experienced business people anyway. If she did not take their money somebody else probably would.

Anonymous said...

9:07. . .The level of sophistication does not make fraud right. In fact, it does just the opposite - preys on the unsophisticated. Put it another way - How would you feel if this was one of your family member's money? Would it make it any less ok?

Anonymous said...

Question: did baby Chok allow the mall to reopen? Or was it shuttered under his vanity EO’s?

Anonymous said...

and when people posted the facts about the new owner on social media..they were portrayed as racists. (when in fact they were being mindful citizens..)

kiss that money goodbye...

Anonymous said...

I'm shocked. I sure didn't see this coming. Nobody could have predicted this. This is totally unexpected. Who woulda thunk it? This caught me off-guard. Life just throws you curveballs out of the blue sometimes.

Anonymous said...

Well, as 9:07 alludes, this would be indicative of the type and quality business tenants and operators you'd have there.

Anonymous said...

I can't believe the media gave her credit and covered the entire thing. Seems I also remember local politician's singing her praises. There is NO way that lady could bring back Metrocenter. I don't think anyone could actually.

Anonymous said...

9:38 There is a concept in business called "due diligence". There is no excuse for people who go into business without using it. The fraud is very wrong but sadly it's part of the real world. Sometimes the hustlers are so
sophisticated that they know how to cover their activities and create such false background that even an expert would have trouble catching them. This lady left a trail and red flags were waving. I presume the "investors" did not lose more than they can afford. A lesson learned.

Anonymous said...

Why anyone would want to open a business in the city of Jackson with the additional 1% tax rate, lack of support from city leaders, high poverty rate, and high crime is beyond me.

Anonymous said...

A fool and his money...

Anonymous said...

@10:40, same could be said for the state of Mississippi. Why not just move somewhere better?

Anonymous said...

My chalk and police tape business is booming g.

Never Saw This Coming said...

Wait! You mean that investing with a woman that you don't even know and whose only bona fides are that she was just released from prison for fraud is risky?

Who knew?

Bwa ha ha ha ha ha. There is a sucker born ever minute infected with confirmation bias.

Anonymous said...

The only hope for dead malls is a new life as regional customer support and logistics for online retailers. Nothing else. If Amazon and Covid-19 werent bad enough, the looting and rioting guarantee that retail as we once new it is gone forever.

Anonymous said...

I love how D’keither Stamps endorsed her and the deal as great opportunity for the area. What a clown

Anonymous said...

Ok these two women let their dreams turn into a nightmare, you can't beat up on people that have dreams and try to find ways to better themselves and their families. Should they have been more cautious, yes, but sometimes people are blinded by that bright light called entrepreneurship.

Questions would be what was the rent rate per sq ft and what was the annual sales cut the landlord wanted. What was the up-fitting charge and how was it calculated in the rent. You cannot recover up-fitting charges with a short term lease. There is so much here to talk about.

Where is the city in all this? Does this property have water, power, permits etc. Not just the city portion but the entire mall. What are they doing to prevent this from happening again?

Anonymous said...

Let's make sure we don't refer to this woman as a "lady".

She never has been and never will be a lady.

Anonymous said...

Reminds me of shell games played up on the east coast.

Anonymous said...

She was last seen in the Cayman Islands buying a condo while lighting Cuban cigars with $100 bills. Probably unrelated.

Anonymous said...

WJTV reported last night that several Metrocenter tenants paid their deposits and got nothing in return!

Kinda, Sorta like what the taxpayers( what few there are ) in Jackson be get'n!!

Anonymous said...

Something didn’t smell right when the word first came about this person buying the mall! Location location!

Anonymous said...

Beavis:
"Someone said Metrocenter, huh huh . . .

Butthead:
" huh huh , huh huh . . . yeah . . . Metrocenter . . . huh huh.
Orange Julius was kool. . . huh huh.







Beavis And Butthead

Anonymous said...

And the hits just a keep on rolling in.

Anonymous said...

If she had only offered timber futures...

Anonymous said...

A wise man once said, “trust but verify”.

Another wise man once said, “there’s a sucker born every minute”.

Anonymous said...

There are a lot of smart people around. But none of them approached the Metrocenter as a viable project. There are numerous issues.
1. Demographics
2. Crime
3. Terrible location and the ring road and parking lots testify to the underlying Yazoo Clay.
4. No infrastructure improvements
5. Well.....just not a good idea to bring it back to life. Outdated HVAC which would costs millions to replace.
6. Did I mention that it’s not a good idea? Sort of like looking at that classic car sitting under a tree that was cast away by the owner and you see it day after day and think to yourself that it would be a great restoration project only to find out the frame is rusted and it will take years and years to restore it. Sometimes it’s not worth it. Structures such as these have lived their proposed lifespan. Those that last longer have owners who are willing and have the means to take care of their properties such as Highland Village. But now that it’s under new ownership it makes some wonder if it will fall into the same condition within a few years.

Well, I’ve pointed out a few things but I might need to add that it’s just not a good idea.

Kingfish said...

What do you know. She suddenly updated her paperwork at the SOS on October 7.


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