Serge Becker + his drama

The guys over at NY Mag have the full scoop on all of these shenanegans going on with Serge Becker and his weed man. To think that he does not have a weed man and there are not shitloads of cocaine going through The Box and La Esquina, especially the former, is just craziness.

OF COURSE IT IS THERE. Have you been to The Box? Anytime there are midgets and showgirls--cocaine is not too far around.

To follow this story as it unfolds is very hard so bare with me.

Basically, Cordell Lochin got arrested for moving a shitload of weed.

Serge Becker, part-owner of The Box and La Esquina, responded by telling NY Mag that Cordell Lochin, was merely an “indispensable advisor” not a partner like he claims.

However, a December 15 memo from a government attorney calls that "statement" from Becker into question, pointing at an undated letter from Becker that describes Lochin as “more than just a business partner.” That letter pleads for leniency because his company is “in the design stage of our second location of ‘La Esquina’ in Miami Beach at ‘the Gale’ hotel.”

The attorney’s letter, which you can view here on NY Mag's site, points to conflicting documentation (shocker!): “These issues create a question whether any ownership or operation agreement relating to La Esquina was changed as a result of defendant’s arrest on the pending charges to create an appearance that defendant had no ownership in the establishment.”

Then there’s the matter of Lochin’s ownership in The Box. According to the federal prosecutor, a September 2006 Investor Prospectus indicates Becker and Lochin were then in the process of negotiating a $500,000 investment in The Box in return for a 25 percent share of its parent company, Variety Entertainment Group. An e-mail from Becker to the defense counsel indicates Lochin had a 40 percent stake in that Box investment.

What doesn’t seem to be in dispute is that Lochin was drawing a $50,000 salary from La Esquina, plus a $6,250 monthly share of La Esquina’s profits, plus a $1,000 monthly check from The Box (documents indicate Becker and Lochin were reinvesting their profits from the latter), adding up to an annual income of $177,000. WHAT?! Yes, I'd say he has a share.