Latest / Yo Gavel Gavel! - Court TV Commentary / Credit card payback & Kevin! from Shark Tank!

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Credit card payback & Kevin! from Shark Tank! · Yo Gavel Gavel! - Court TV Commentary

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This is a Bramble Jam podcast this week on your gabble Gabble. If you
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lift your niece your credit card to buy some groceries and then she eats out
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a bunch, does she have to pay you back? Judge Joe Brown's big
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on the pig. And if you want to sell your house to help make
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a new product for your business, but your wife doesn't want to. Can
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Kevin from Shark Tank make you? Kevin from Shark Tank tells us real people
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hold cases, take justice. Joe gave another another Friday. Oh my goodness,
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another Friday? You do that? How did she do that? That's
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a DC talk free at last? How do they do that? Good stuff?
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Man? Man, what an exciting day. A new court show for
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Brandon, a money court with Kevin O'Leary. And not only that, but
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I think we have the days of twenty seventh, third, the tenth,
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seventeenth, twenty fourth. If we do one on the night of the twenty
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fourth, we only have two more gabbles in between now and brambleforth. Wow,
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I know big time. That is a really big time. Yeah.
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That should put it in perspective how close we are to the fest, so
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close to it so close to the fest you can almost smell it. What's
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the first smell? Boh oh, sid It's unfortunate, it's really rigged.
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Mainly, Yeah, well what can you do? Rig I'm on all natural
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deodorant called Crisco slathered on real good. Helps keep that stink, that musk
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looking right, It helps keep the stink. You load me, chris go
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for the winds. What the kids just say in these days, the kids
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are saying Chrisco for the win? I did. I went to Public's to
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by the Christs go. They were out of Crisco. So I looked for
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like an alternative to Crisco. Had a few options, which what was your
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pants? Uh? Do you want to go first? You want me to?
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I'll go first. Okay. So he went to the store to find
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an alternative to Crisco, and he went with his pants. Yes, yeah,
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I don't know if that holds up. I don't know if that holds
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up. But as a natural deodorant, your pants are as effectives oil.
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Yes, I mean I don't know. Judge Joe Brown is in the courtroom.
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Joe, that long arm of the law takes us justice. Now you're
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going to just take that credit card. Ma'am. Uh, that's Judge Joe
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Brown. I literally do Judge Joe Brown, just to do the impression.
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Yes, yeah, that's what I'm here for. Who does he? How?
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How how long did it take him to get off subject today? Oh?
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Man? Well, he was so mad at the defendants, okay,
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that he stays on subjects pretty much the whole time because of how mad he
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is at the defendant. Okay. Catherine Nixon is suing her niece Denise niece
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uh and his niece. Is it Dennie's if that works plants. Catherine is
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suing her for four thousand, seven hundred and seventy three dollars. Four thousand,
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seven hundred and seventy three dollars, God, exactly right now, she
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says, last November, my niece asked if she could borrow my credit card
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to help out with Christmas gift for her daughter. That's very interesting because last
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Christmas, I gave you my heart, that's right. Yeah, And the
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next day you know what I did, what you gave it away? I
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know? Right, next year, maybe you'll learn This year give it a
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shot. I'm gonna say, yeah, I'm gonna this time, I actually
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give it to someone smart, smart of you to do and I don't know
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why I didn't do that last year. Last year, I was all Willie
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Nilly, Yeah, once bitten twice, shy, yeah, Jade, I
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don't know after one's bitten twice, you're close to those songs stamp shade about
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shady yeah. Uh uh. So she said she agreed she would agree to
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pay me back when she got her tax return she would receive in the new
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year. Sorry, So she gave her niece four thousand, gave her just
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a credit card. I see she's the card because her niece said, I
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need to buy some gifts from my daughter. I don't have any money for
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Christmas Christmas, and Aunt Catherine was like, yeah, we don't want a
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daughter not having presents for Christmas. Open the you know, go ahead and
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go bye. And she's got something to open on Christmas Day. That's very
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kind, super kind, and did not give her a limit though, No,
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didn't give her a limit. No, maybe that was a mistake.
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So she gets her bill on the twenty sixth and the bill is for over
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five thousand dollars. Oh wow. She emailed her niece to ask what happened,
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and the niece's email back and just said sorry, I didn't realize that
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we spent that much, and I'll pay you back. One thing leads to
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another. One thing leads to another, especially when you're using the credit card
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for every living thing imaginable. There were fifteen restaurant charges, including Garfields and
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Texas Roadhouse. Uh, going to Garfields. It's a restaurant like all the
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time. It's not that would be the cat. Garfields used to be a
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chain restaurant like Applebee's. I enjoyed by Garfield. Sho it was good all
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asagna all the time. That's right. Uh, I would go there,
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She says that, Yeah, of course you would. Pictures of Garfield a
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cat everywhere. Yeah, every server has to wear whiskers. They can't talk,
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they just can play recorder and just what's the dog's name in Garfield?
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Yeah? Wow, so fast. I watched a Garfield Christmas special every year
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since I was a child. You haven't seen Garfield forever any years years,
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And I was waiting for somebody to Garfield locked and loaded. Not gonna get
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that one by me. So anyway, She's like, yeah, can I
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have kind of famous dogs for five hundred please? Kind of famous cartoon dogs.
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For five hundred, it would be five hundred two. That'd be the
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hardest one. Uh No, it's one hundred. That's its regular Jeopardy second
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and second in the second round. There is no five hundred. It's two
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hundred, four or six or eight hundred thousand. So if you say five
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hundred, it's the most difficult. You know, I hear they're looking for
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a host. Really, I'm here, My ode knowledge is off the off
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the charts. Can I just really quickly please do what? Who? Who
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wanted Mike? Who wanted him to be the host? Nobody? Anybody?
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Yeah? You know what, here's an unpopular opinion. Of all the I
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watched about every week at least like one day. Wow, of all the
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no, no, no, of all the celebrity hosts, Joe Buck was
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the best. Wow. Joe Buck was really good. And you know why,
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he wasn't like vying for the job. And he he has an announce
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her voice, so he was just cracking jokes. He was great. He
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was just relaxed. Why did they do this whole thing to give it to
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the one of the producers who no one cares about and everyone want of LaVar
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Burton who was very earnest and clearly wanted the job, and that was unfortunate.
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So anyway, Catherine says, hey, she's going out to all these
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restaurants, and Joe has the sheet the credit card built yes, and he
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is like, well, statement, you short didn't miss any meals and she
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and the woman's over there just like whatever. And then there's nineteen nineteen charges
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at grocery stores Kroger, Target, Walmart, and he starts reading them off.
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Eleven hundred dollars at Kroger, What were you buying at Kroger? Like,
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that's what he's starting to do. Christmas shopping at Kroger, Target,
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Walmart. You can get by. Denise says, I did spend that.
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I did overspend eleven hundred dollars at Croker. We'll get back to that in
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a second. Joe says, a whole lot of old spending is what you
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do? Well what you did? Why do you have to eat all those
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meals? And she's like, we like to eat I guess yeah, oh
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yeah. The golf field does a like Lasagnaodi. He wants to eat something
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else at Kroger. He just wants a good scratcher. So scratcher like a
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lot of ticket or that havn't cost a dime, that's free. Uh,
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and he's she said, we we do make payments on this. I want
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to let you know we do make payments. And he says, you've been
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paying her and she says, no, my mom has made a payment.
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And Joe Brown at this point stops and says, you are in your thirties,
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for God's sakes, why is your mom making payments? And she basically
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says, I don't make enough money. And my mom did pay her once
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four hundred and thirty eight dollars. I can't afford to make any payments.
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I don't have the ability. So there we have the four seven hundred and
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seventy. It was a little bit over five hundred and four thousand. There
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we go. So then he says, if you can't afford it, why
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did you continue to go out to eat and buy things with someone else's credit
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card? And why'd you do it if you couldn't afford it? And she
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says, well, a lot of those places were Christmas shopping and he says
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for whom and she's like, well, my family, my niece's nephew's daughter.
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I didn't know how much I spent on him. I just figured I'd
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make the payments and you know, I'd get it back to her eventually,
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like she'd get her money back eventually. It's a new type of ball.
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And she never blinks. She never is like I can't believe it. She's
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just very like just whatever. So Joe is starting to read all these expenditures
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and she he's like, eleven hundred and eighty dollars at Kroger. You ate
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all that food in three days. And she's back three days later for more,
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and she went back to Kroger, turned up. She works at Kroger.
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And then he's like, and then there's one for eight dollars at Kroger
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and she says, you can buy give cards at Croger. He said,
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a gift card for eight dollars. And then he's like, he says something
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like what what can they buy with that? I'll oaf of bread, you
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know, some classics Joe Brown bit uh and uh. And he's like,
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she said, I have to feed a lot of it and doing Joe Brown
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at the fet Oh for sure, Yeah, there's no doubt about it.
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Uh. He's like, who are you feeding with that? And she's like
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me, my mom, my dad, and my daughter. We all live
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together. And then and then Joe does go on a bit of a tangent.
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I forgot about this. He goes, now, are you sure you
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weren't buying these things and selling it to people at a discount? How do
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you account for five thousand dollars? And she's like, I wasn't doing that
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at all. I think you were. I think this is this is the
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kind of thing that happens, you know. And he's like, this is
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like about you know, we get they buy stuff and then I make money
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off of it, and then somebody else is saddled with the bill. And
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uh. She's like, no, I just didn't realize I was spending that
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much. And he's just like, how could you not? What all are
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you buying? You're going to Kroger two and three four times a week?
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You spend eleven hundred dollars on groceries in one week? What are you eating?
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How are you spending this much money? And she's like, we just
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you know, we eat a lot of food. What can I tell you?
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And he's like, are you getting child support? She says no.
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He says, how do you pay your rent? And she says, I
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don't have to pay rent. I live with my mom and dad. So
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it turns out she owed someone else eleven hundred dollars because she got seventeen hundred
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dollars back on her taxes, and then she paid that other person eleven hundred.
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She had six hundred left, and she told her aunt she'd start paying
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her six hundred dollars, and she said have you And Joe says, have
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you made any payments? And then he goes, not your mother, and
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then she says, no, I have not, And then Joe Brown's ready
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to rule. Yeah, I think she's gonna get all the money seven hundred
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and seventy three dollars. I cannot imagine any world where she doesn't get all
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of that money. He actually, the interest rate on the card you don't
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pay it is pretty pretty high, and apparently we're in like March now,
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boy, So he gives her four nine hundred and seventeen dollars of interest plus
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the principal. So he gives her almost ten grand and says shame on you
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to that woman several times. I ain't a missing O meals, though I
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do want to say, I'm not entirely sure about the math, like,
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I don't know that's it's four months. Well, if it was, it
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was almost six thousand dollars, and if it was thirty percent, that's eighteen
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hundred dollars. I don't know how you got to four and seven. Like,
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you're a lot of interest, that's a you have gotten a bad credit.
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Well, he said interest four thousand, nine unders seventeen dollars and eighty
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three cents plus your cost. That's what he said, and then he said
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case closed. So he never gave the total amount. Maybe he said that's
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the way I understood it. If you heard it, he said interest four
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thousand dollars, seventeen dollars eighty three cents plus your cost. What else could
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that mean unless he meant the forty nine to seventeen was with the interest and
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the cost of you coming to court. But he never gives the full amount.
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We never hear it. Interesting, Well, good enough, Yeah,
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I want to introduce you to a brand new show that's airing on I believe
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CNBC, ORNSNBC. I don't know. Kevin O'Leary of Shark Tank fame,
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mister Wonderful as he likes to call himself, has a new show called money
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court, and it is when two people bring a disagreement in regards to money
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and he basically just tells you what to do. Now. At least a
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case that I saw, there was nothing legally binding or at least legally wrong
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with what was going on. Does this do they have to follow? What
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do they do have to follow? They sign? I'm sorry I should have
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said legally binding. There's nothing nobody in this case broke any laws. Okay,
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got it. This is just we don't know what to do in this
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situation. Can you give us some advice and we are legally obligated now to
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follow that advice. So it is a hug been in wife here in court
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today. Jared and Karina Rabin. Jared and Karina Rabin. Yes, now
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Jared and Karna. They own a company. That company has a product called
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the Hango Madic. Hango Madic, Hango Madic. Now the Hango Madic definition
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make the boys go local. Hango Maddic is a like a tape measurer that
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you can slide this thing down the tape measurer. When you find the studs,
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it'll make the holes for you so that it's you know, now you
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said slide the thing down. The tape measurer slide. Yeah, you mean
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the tape measure. Sure, slide. The measurer is the person holding the
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tape measure. You slide the You that too, You slide the little There's
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these studs that are, uh, you know, four inches apart. So
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I don't know it's a it's a tape measure with a stud finds the studs.
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I don't know if it actually finds the studs. I think that might
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be in what's coming up here. So he has a new idea for a
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new product, product number two. The Hango Madic's not going anywhere. It's
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just a new, a new, an up and coming Hango Matic a little
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extra for a little extra. You know. It's a new skew. If
15:15
you want an extra, if you want an extra something, you can pay
15:16
an extra something where you can just get to the og Hango Matictics amoch.
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So they need cash to make this happen. Okay, you got to get
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the new product design created, and then you need money for inventory. So
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he decides that we are going to sell our house. Okay, I think
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that we should sell our house. With that, we will make about four
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hundred thousand dollars on that. Wow, Okay, got a lot of equity
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in that bad boy. He has four hundred thousand dollars worth of equity in
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the house right now. He says, I want three hundred and ninety thousand
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of that to go towards this new product. Okay, So the money there
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is a ninety k to get the product created, to get the designed,
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to get the the jail or whatever however these cell a what's it called the
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it's the thing to create the product. And then he wants to get three
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hundred thousand dollars worth of inventory. Okay, So three hundred ninety thousand,
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leaving him with ten thousand dollars worth of equity still hanging out for for the
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next thing. So his wife Karina is like, no, I don't want
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to move. I don't want to move. Don't want to move. I'm
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I'm an immigrant from Russia. All my life I was moving. I was
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moving, I was moving. And I love my home, our kids love
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our home. We are in a coldest sack. Do you know how hard
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is to find the coldest sack? Those don't grow on trees, they sure
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don't. There's not a cold a sack Tree. It said that weird cold
16:55
a sack Tree. So Jared says, listen, the money we would get
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from the home is what we need to start this product. And uh,
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this product would help jump start the next stage of our life. It would
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be the next big thing. He doesn't want to spend all four hundred,
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He doesn't want to just want to spend ten thousand, left behind ten thousand,
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he does? You want to spend three hundred and ninety three hundred ninety
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okay, And so they then asked Jared, Jared, why can't you just
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use like revenue from your the success of the Hangou to do this. And
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Jared says, well, h with the revenue, with the revenue that we
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we got, we bought this really expensive house. House was I think one
17:40
point two million dollars. Oh wow, no wonder they're getting fur hundred thousand
17:42
out of it. Yes, that's that's how they're doing that. And so
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we did that, and now I have this idea for the Hango Matic two
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point zero. And I can see now that we should sell the house,
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get the money, and then opportunities are endless if I can just do this
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one thing. Opportunities are endless exactly right. They own the company fifty to
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fifty, so the family owns one hundred percent of the company, which is
18:08
great. The idea was Jared's. The Hango Mattic was Jared's idea, but
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he wasn't really doing anything with it. It wasn't until he showed Karina when
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they were dating this idea, and Karna kind of forced him to get it
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ready to take the market. She found a trade show to take it to
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where they got their first purchase order. She she's the one that got basically
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took this thing and made it what it is. So it's not that Karina
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doesn't want to do hard work. No, it's not that she doesn't care
18:41
about this draw investment. It's just that she doesn't want to move cull the
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sack called the sack tree. Uh. So ironically this is interesting. The
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way that they got the money to fund the first version of Hango Man was
19:00
selling a house. So he says, listen, we've done it once.
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It worked really great. We know we know how to make this work.
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There's no reason and if I do if we do this and we get this
19:14
out there, we're not gonna have to work another day in our life.
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He works another job fifty five dollars a week, so he'll be able to
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quit that and he's like, you know, I wouldn't have to work anymore.
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We would just be able to do this would be great. Now,
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Kevin says, what are you going to do when you move? What's your
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plan? He's like, well, my plan is just to moves into an
19:33
apartment until we figure things out. And Kevin quickly has two people with him,
19:38
a former judge and a former attorney, just to help with legal things.
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Those former judges are also former attorneys. I don't know to tell you
19:45
one get straight to judge past attorney. I'm sure that she was also,
19:49
but that's her highest Yes, you don't say, you know, say captain
19:55
who was also used to be a private private? You know say it?
19:57
No, it's tru jaw. So anyways, what they're both they're both moms,
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and one of them speaks up and says, you want to get rid
20:08
of your could a sack They're very excited about this. You want to you
20:11
want to get rid of the cold a sack house and move into an apartment
20:15
with your kids. This is a bad idea, I mean, they're but
20:18
they're treating this guy like he's like an absent father at this point. Right,
20:22
well he this is what he says, Yes, you know, we'll
20:25
move into apartment, but what you will get is me as a present husband
20:29
and a present dad, which I'm not able to be right now. Yeah,
20:33
so you know we lose could a sack, but you get dad.
20:37
I mean, so treating cold a sack for dad, sex for sex for
20:41
dad. No, I don't know. Sorry, I don't know about that.
20:42
Uh so. Uh then Karina is like, listen, he wants to
20:47
take us from the cold a sack. I'm not down with it. Jared
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says, you know this whole thing about you're gonna get me, it's gonna
20:52
be worth it. And that's when Kevin brings up this little fact. Now
20:56
you're you're a successful business. Now you have this successful brand. Uh,
21:02
why don't you just go to a bank, get a loan and then and
21:06
then pay it back? You know, why why don't you just do it
21:08
that way? And uh, he says, I don't want to owe interest.
21:15
I don't want to give somebody extra money. Like if I can get
21:18
all this money up front, I won't have any debt. I won't have
21:22
to pay anybody anything. It'll be great. And so he says this idea
21:27
for Hango Mattic two point zero is a sure thing, and Kreta says,
21:32
it's not a sure thing. We with Hango Matic. You know, we
21:36
went through dozens of repackagings before it even worked. We lost over one hundred
21:41
thousand dollars before we finally started to make money on Hango Matic. Nothing's a
21:45
sure thing. There will be issues that we're not that we don't know about
21:48
yet. It's tough. So now it's time for Kevin to send them away.
21:53
Send them away. He's gonna he's gonna talk to his two people and
21:57
uh, they're gonna they're gonna come up with what the verdict is or what
22:02
the plan that Kevin has for their life is. Man, this is tough
22:06
because there's no wrong answer here. There's no wrong answer. But what let
22:10
me ask you is what do you think is the best thing for the family
22:15
and the thing that will be in marriage? You got a compromise, right,
22:18
Kevin says, most marriages fail not because of someone cheated, but because
22:23
of a financial Birth's right. So what Kevin's gonna try to do here?
22:27
Is try to do something that works best for the family. So my guess
22:33
is he's gonna tell him to take a loan or he's gonna offer him a
22:36
loon. That'd be my guess. But like I normally, I'm the guy
22:41
who's like, yes, sell the house, get the money out of the
22:42
house given it, get an apartment. That's a good mindset. But it
22:47
just strikes me that if it's not a new invention, if it's a hanging
22:49
matic two point zero, it seems like more of a risk than hang them
22:53
OUTIC one point oho in my opinion. So I mean, I don't see
22:56
you would think it less. But it's not gonna sell it. The first
23:00
one did because there's a novelty of the first one. So for me,
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he's not gonna tell him to do what the dude wants to do. He's
23:07
gonna tell him to get a loan, or he's going to offer him a
23:10
loan. That's my best guess. As far as I know. Kevin doesn't
23:12
offer any ting us here, so not doing that. He does say you're
23:17
not going to sell the house. Here's what you're gonna do. You have
23:18
four hundred thousand dollars of equity in this house. Yep, I want you
23:22
to. I want you to pull ninety thousand dollars of equity from your house
23:27
to fund the product. I then want you to take one hundred and fifty
23:30
thousand dollars of equity from your house and put in an inventory. Do not
23:33
take the full four hundred thousand dollars of equity in your house. Leave some
23:37
of it, so it's basically half of what they have in the house.
23:41
At that point, after you have the product and have sold one hundred and
23:47
fifty thousand dollars worth of equity, not worth of equity, worth of Hango
23:52
Mattic two point oh, then you could go to a bank and you could
23:53
actually hackle. You could get a pretty low interest rate because you can say,
23:57
hey, here's the product, and here's it and but he says this,
24:02
but hopefully you don't have to do that because the thing is making money.
24:06
Yeah, So that's really frustrating, like hearing that because the wife is
24:11
not happy there, because they're still taking the money out of their house for
24:17
a product she doesn't believe in. No, wife does believe in it.
24:19
She's very happy with this. Her whole thing was I just want to find
24:22
another way to fund us. She would have been fine going to get along
24:25
like a full loan. Uh okay, she likes the product. She just
24:29
doesn't want to move again because for him, I guess I'm frustrated for him
24:32
then, because you gave him like a hundred steps and he wanted one step.
24:37
He wanted sell the house, get the money, do the thing.
24:40
And now it's all of this, like I gotta refine and get cash out.
24:45
I gotta get two forty out, I gotta put one hundred and fifty
24:47
in inventory. It's all gotta go perfect, and then I gotta go back
24:49
and restructure again. But you know what, that's what keV does. That's
24:52
what keV does. keV said, this is what's best for the family.
24:56
All right, there you have, So there you go, Kevin money court.
25:00
I don't understand how it's as much of a court as it is advice
25:06
by financial advice with Kevin, But you know what, what can you Maybe
25:08
there's more intense cases. Never know. We did. Everybody. Congratulations.
25:14
We'll be back in a couple weeks with another gabble, back next week with
25:17
another base side. Until then, may we be the first to wish you
25:19
and all Rise Yo. Gabble Gabbles a bramble Jam podcast recorded live in Greenville,
25:29
South Carolina, at the Bramble Jam Podcast Network Studios. It's produced by
25:33
Brandon Gray. For more information, you can go to Bramblejam podcast dot com
25:37
slash gabble. You're about to hear some ads that helped keep the lights on
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here in the old studio. Thanks for listening or don't listen. It's really
25:55
up to you. At this point is at the end of the show.
25:56
I mean, you're listening to me Hi. But here they come. I
26:00
promise they're come. Yep, here they are. Happy Day.