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On page 44 is where Bill really gets into detail about the
sad state of affairs. There’s really way
too much to go into. You really should read the whole thing for yourself. The
highlights?
Negative net worth of $932,648 as of March 21, 2011
By October, Bill estimates that the Ball Mill Road home has
dropped another $50,000 in value. It’s been on the market for 5 years and no
offers to lease or sell.
Bill’s previous income tax returns were either filed wrong
or on extension because he was unable to read.
Bill sold his magazine publishing business but foolishly
(his words) invested the proceeds in developing land. Then Bill blames
everybody else for putting him in a financial bind. He claims to have had an
appraisal of $8.1 million on the land. (remember, it’s never Bill’s fault.) Then
oddly Bill drops the name of one of the potential buyers that he hoped he could
salvage $1 to $2 million from after debt. Vernon Hulme. Bill claims that in the end (1987), he walked
away from this potential $8.1 million
dollar investment with nothing but furniture and clothes. And to blame? MAI scandal, economic problems,
the bank, the state of Texas, Vernon Hulme, the SEC, Chapter 7, and the “wonderful world of
trustees, attorneys, courts, and dishonest creditors.”
Sidenote: I wonder if this is the same Vernon Hulme? Mugshot
From 1987 to 1996, Bill did the unthinkable. He worked for
others. *shudders* Good news, from the
proceeds, he bought another Dallas home. Bad news, while he was living in
England, the property value plummeted as
neighboring property became a center for drug activity. Two years? Things go
downhill quickly in Windsor land. Once again, all equity lost.
Remember Hotties? Apparently, he didn’t do so hot with that
either. After two years "working" on it, he and Barbara were only minority
owners, and they sold their interest in 2003 for no profit. I’m not sure who he blames for this one as his
wife, daughter, and son-in-law were all among the top level employees.
Bill’s mutual funds? 9/11 reached in and stole a bunch. Basically, if there's a scandal or recession or any way to lose big bucks, Bill will claim that it impacted him heavily.
In 2009, Bill retained bankruptcy counsel, but instead
decided to withdraw IRA funds and borrow heavily to keep afloat.
Page 48, Assets: In
Bill’s list, he attempts to claim that the furnishings of his $2,000,000
of homes would sell for a measly $10,000. Yeah, right. But, he didn't forget the
$5,000 watch that's worth half the furnishings of the two homes.
Page 49, Liabilities:
Bill includes $1,000,000 owed to Ryan Windsor (with a wink and a nod) along with $132,000 estimated
costs to sell his home. He owes $13,215
on his Bank of America credit card alone.
So, how does a man with no income pay bills and obtain these
lines of credit? He says that Ball Mill Road property costs him $4,000 a month
on just interest, taxes, insurance and maintenance (and that’s the cheap
house). Apparently Judge Duffey had the same question. See page 52 for the
answer. Spoiler: He can’t. Basically, it
boils down to beg, borrow, and steal. But, with the pledged donations from people
around the county (pg 50), Windsor is confident that donations will enable him
to continue paying his litigation expenses. (then why even ask to proceed in
forma pauperis?)
My favorite pages of this entire 108 page document are contained
in Exhibit D on pages 44-59. If you only read one part, start there. Bill tries so
desperately to sell his sob story that he has no money. He paints a picture of
failure that starkly contrasts the self-promoting social media and vanity articles he’s
plastered all over the world wide web.
So, I’ve already been rather long winded in my brief
summary. But, I can’t wrap up without at least touching on the purchase of the
home at 3924 Lower Roswell Road. Bill
was “attracted” to it. He just couldn’t help himself. And even though his Ball
Mill Road property wasn’t selling, he just had to have another home. So, he
called up Wachovia for a loan. They asked his gross income. And Windsor, being Windsor,
gave $1,000,000 the answer. You see, that’s what he claims Round America, LLC
represented in gross annual income on tax returns. Mind you, he also claims
that Mrs. Windsor is the sole owner of Round America (pg 69). Bill knew what
the bank was asking, he knew he couldn’t afford the home, but he just couldn’t
help himself. And that home? $1,133,000 purchase price of which $305,427 was paid cash, built by a corrupt builder. Bill was swindled again.
So where is the money? According to Bill,
he’s made and lost several fortunes. And, everybody else is to blame. And, if
you’re looking for money, he has none. Don’t ask Barbara.
The interrogatories
from page 61 to 98? Yeah, you really should at least skim those too.
When asked if any person, firm, or business entity holds
any property for his or his wife's benefit, his answer includes “from time to
time, the Windsors take clothing to the cleaners, the car for maintenance or
repairs, other items for repairs, etc, but Mr Windsor knows of nothing that is
in the possession of anyone else at this time."
When asked if anyone owes him or his wife any money, his
answer includes, “credits for returns on credit cards happen from time to time,
but Mr. Windsor does not know if any of these are pending for anything that
Mrs. Windsor may have returned.”
When asked about interest in life insurance or annuity
policy, he includes that he “might also have had life insurance coverage by virtue
of using American Express for air travel in the past, though Mr. Windsor has
never been killed in an airplane crash and has not been on an airplane in over
a year.” Seriously, don’t you just want to slap him?
Bill set out to paint a sad sad picture of his finances. The vast majority of money lost over the years can't be attributed to anything Maid of the Mist related. In the end, he just shows what an utter failure he's been for the last 30+ years. Because as we've witnessed last few years of Windsor still hemorrhaging money, it's pretty obvious the well wasn't dry in 2011.
As Bill tries his best Obi-Wan, this is how I suspect
the judges and attorneys all viewed his little game:
These assets are for sale if you want them.
You don’t need to see her financials.
These aren’t the assets you are looking for.
