Tom Martino after bankruptcy settlement: "It was arrogance mixed with greed"


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Tom Martino in mid-pitch.
As for how he got into a fiscal thicket in the first place, he maintains that "I was caught up in a perfect storm. We had the worst recession in U.S. history, real estate values plummeted and two of my three lending banks failed. All of my loans were called due at around the same time and no banks would refinance my underwater property. No one ever plans or even expects this to happen. But it did happen and I got caught."

This comments suggest that Martino thinks circumstances were entirely at fault for his bad fortune. But he adds that "I learned a lot. While I would like to blame it all on the economy, the truth is, I had the power to stop when I was a dollar ahead. Instead, I kept on investing, believing I could not fail. It was arrogance mixed with greed that was my recipe for trouble. Life is a great teacher and I have been humbled by the experience."

Martino notes that "I have totally changed my outlook on finances. I have learned that nothing is totally safe or assured. My investments now are mostly in myself and my broadcasting brand, which has been my foundation."

Nonetheless, Martino remains upset by allegations of malfeasance when it comes to the original bankruptcy filing.

"What is really important is that the creditor who started a flood of accusations insinuating that I was fraudulent never came forward with any evidence," he maintains. "International Bank was quick to defame me but short on substance. I provided that creditor with financial information going back ten years, including thousands of documents. In the end, in my opinion, all they really did was stir the rumor pot with lies to fuel my detractors.

"On the other hand," he continues, "all of my sponsors, true friends and a record number of listeners stood by me and believed I would ultimately come out of this without any findings of wrongdoing."

Whether "a record number of listeners" continue to tune in Martino is debatable. During his heyday, his program was nationally syndicated, which is no longer the case -- and that's not to mention the end of several regular TV gigs. But after more than a year of headlines about the consumer advocate's money difficulties, he's still standing, still fighting, still shooting trouble. And he's still got a helicopter.

More from our Media archive: "Tom Martino negotiating lawsuit settlement as case against ex-associate is tossed."


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5 comments
TonyMarquette
TonyMarquette

This man has destroyed my life. By spouting off lies about my character and my moral values in a case I had with him and a contractor on westword! THAT I WON! He is corrupted by money and kind of looks like the devil with his beard. In his case looks say everything and you can judge this book Thomas G. Martino by his cover! Some day he will answer to god for all who this evil man has hurt! Revenge is mine said the lord!

PoopStick
PoopStick

Maybe now Clown Martino can put a vehicle back in his own name. Not hiding any assets? Yeah, right! I've seen his bankruptcy filing; it was posted online for all to see. It said he owned NO motor vehicles. Really? A millionaire without a set of wheels? How'd ya get to work, Champ? Hey Tom, your bankruptcy's over now, you can put your name back on some of your crap. Tom should be awarded the prize for Butt Monkey of the Decade!


DonkeyHotay
DonkeyHotay topcommenter

Tom Martino = Arrogance & Greed Shooter

Join Tom Martino's Arrogance & Greed Referral Network.

Peepee123
Peepee123

And if you use one of the contractors on his "referral list" you are just as much part of the problem.

I hope he uses his plane or helicopter and takes a one way trip out of Colorado for ever.

Fuc**ing scumbag.

And take that shitty ripoff granite company with you.

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