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Parent Co. under Federal Investigation. Do I have problems purchasing a subsidary?

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C

csgkelly

Guest
I am seeking to purchase a subsidary of a company that is currently under federal investigation for fraud. We do not share anything with the exception of ownership. The owner that is under investigation wants to sell the company I have been President of. He wants to do what he calls a "wind down agreement". Have you ever heard of this? Basically it will be to wind down the current operations by collecting the receivables to pay the payables in exchange for the client list and other things. I will structure my company under a new name. Does it seem as if it would be legitimate? If so, what should I beware of due to the investigation he is under? I really want to pursue this!!
 



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