Nicholas Robert Rekieta / Rekieta "Law" / Actually Criminal / @NickRekieta - Polysubstance enthusiast, "Lawtuber" turned Dabbleverse streamer, swinger, "whitebread ass nigga", snuffs animals for fun, visits 🇯🇲 BBC resorts. Legally a cuckold who lost his license to practice law. Wife's bod worth $50. The normies even know.

[Strix454]

The state has to prove that the safe belongs to him and not "Maybe someone else who was at the house but got kicked off but is acting like a jilted bitch."

The state doesn't have to prove any such thing. Its known as "constructive possession". They have to prove knowledge, intent and control of the drugs. The drugs being in his bedroom where he freely admitted to the police that he sleeps makes any attempt to challenge on this point just about doomed to failure. If the drugs were in a safe in the other house or in the living room of the main house, he might be able to make a credible argument. But in his bedroom with other coke out in the open? Just forget it. Even if the safe didn't belong to him, that wouldn't help a whole lot.

I know I shouldn't be surprised, but it bewilders me that he 'lost track' of his mortgage. His cope is that he was busy and that his bank account was in flux at the time.

He didn't lose track. He didn't pay his mortgage for probably a year, got forclosed on, ignored all the stuff that goes on the forclosure process to find a solution and then watched things progress to the point where they were just about ready to auction off his mortgage. This isn't an "oops" thing. Its an ignore it for a year thing.

 

[Watching Rekieta]

And like the giant autistic faggot he is, he thinks that's some sort of proof of how cool he is, when it's a thinly disguised why the FUCK would someone with everything going for him throw his life away like wigger trailer trash?

"Usually people with your kind of money aren't so fucking retarded. Do you have a trustfund or something?"

 

[LordofCringe7206 Vol. 2]

And like the giant autistic faggot he is, he thinks that's some sort of proof of how cool he is, when it's a thinly disguised why the FUCK would someone with everything going for him throw his life away like wigger trailer trash?

"Hey guys, the state appointed drug councilors told me they don't tend to visit people of my economic background because other financially successful people don't tend to fuck their lives up in the colossal way I have.

Personally I think that means I have one over on them."

 

[Desktop User2]

but he replied to a literal nobody about how rich people leverage debt to invest.

100% someone cold called, saw a sucker and roped him in. Holy shit...

ETA: that´s exactly how they sold adjustable rates loans for hobos during the 2006-07 financial crisis, btw

 

[Strix454]

100% someone cold called, saw a sucker and roped him in. Holy shit...

Its been talked about before. But his mortgage wasn't done through a bank. It was done through an investment company not involved in mortgages which is very odd in many ways. It could be a cold call or it could be an investment company his parents work through leveraging contacts for more business.

Either way, if he took out money in a mortgage to invest it, the direct implication is that he lost every cent of his investment. which is totally stupid.

 

[Ohhamburgers]

Just leaving this here so Aaron sees it before his morning jerk sesh.

 

[Desktop User2]

Its been talked about before. But his mortgage wasn't done through a bank. It was done through an investment company not involved in mortgages which is very odd in many ways. It could be a cold call or it could be an investment company his parents work through leveraging contacts for more business.

Either way, if he took out money in a mortgage to invest it, the direct implication is that he lost every cent of his investment. which is totally stupid.

I really dont think it was a wealth management company. They are boring bond hoarders, they diversify, hedge, the return rates barely beat inflation because they are not dealing with degenerates trying to frequency trade into wealth.
This reads like some poacher just got info he went into money and roped him in with "how the ultra rich REEEEEEEALLY make money". The ultra rich dont even smell their financial assets.

 

[Mike Stoklasas Spock Ears]

Keanu reacted to Nick’s Coomalot appearance… but since the stream is NINE FUCKING HOURS LONG I don’t think it will ever be clipped. Just FYI if anyone is feeling masochistic and wants to hunt for the stray bit of extra insight on April.

 

[Waldo Geraldo Balldo]

I think its worth noting that ETHAN RALPH, of all people, has decided to go to rehab and make a video taking ownership of his mistakes and admitting that all the terrible shit that's happened to him is his fault and no one else's. Ethan. Ralph. Woke up one day and copped to being a lying, drug addict, life ruining POS before Nick Rekieta. I don't think anyone would have that on their bingo card. Nick is now in more denial Ralph. Wow.

 

[Meat Target]

100% someone cold called, saw a sucker and roped him in. Holy shit...

ETA: that´s exactly how they sold adjustable rates loans for hobos during the 2006-07 financial crisis, btw

That's not necessarily what happened. They offered what are called "subprime" mortgages to poorfags with bad credit, compensating for them with higher interest rates. Then they handed them out like candy.

 

[MadStan]

Most people who arrange a PLANNED appearance is like;

1. Have your presentation worked out.
2. Know what questions will be asked.
3. Formulate responses designed to register with the audience.
4. Have a goal of what you want to accomplish.

OR

Do it Nicks way; stuff your face full of coke, have a drink, slap on a t-shirt and go off-the cuff.

LOTY is indeed with the rightful winner.

 

[Watching Rekieta]

Either way, if he took out money in a mortgage to invest it, the direct implication is that he lost every cent of his investment. which is totally stupid.

He turned two free-and-clear homes into one. He had nothing to show for his "investment."

In addition, they sell these products with the fees amortized over the loan. Guaranteed he paid a 1% origination fee. He probably paid points to bring down the interest rate. Also, he used an escrow account so he loaned them money interest free. The salesman shows APR as if Nick paid those fees over 30 years. In reality, he paid them over 5 years. And the interest rate on a mortgage is tightly coupled to the risk free rate of return through arbitrage. He's not attentive or smart enough to leverage this.

The tax consequence of selling the investment home, the up front loan origination fees, the foreclosure legal fees, penalties and interest means Nick lost a shit ton of money "leveraging debt" as an amateur. There's a reason professional investors use margin loans against stock rather than mortgages on their home.

 

[Desktop User2]

hey offered what are called "subprime" mortgages to poorfags with bad credit

Subprime relays to their credit standings, adjustable rates that shot up after the sweetener period (when they were way lower) were the kicker for the unending defaults when house prices stopped rising.

Subprime is just a way to call shit credit standing with no guarantees attached.

 

[MadStan]

He can tell you he got the loan at 4.25% but can’t remember if the money was used for an investment of either 7 or 9% return.. So he knows exactly what the mortgage rate was down to a basis point but forget the investment return ratio to a margin of error of 200 basis points.

There was no investment. There were lawyer fees, stupid artwork of the joker, coke and Jamaican whores to get abortions

 

[Vibralldo]

I think its worth noting that ETHAN RALPH, of all people, has decided to go to rehab and make a video taking ownership of his mistakes and admitting that all the terrible shit that's happened to him is his fault and no one else's. Ethan. Ralph. Woke up one day and copped to being a lying, drug addict, life ruining POS before Nick Rekieta. I don't think anyone would have that on their bingo card. Nick is now in more denial Ralph. Wow.

View attachment 6867072

I'm legitimately proud of Ralph and hope he can turn it around and attone for his actions.

If Ralph can turn it around and admit he's wrong then Nick has no excuse. Nick will continue to spiral, which just proves he's somehow worse than Ralph.

 

[thebigdream]

From: https://youtu.be/uRfNfvazZuY?t=308

"To me, money's always been something that's been in the hands of God, yeah I never really regard it as mine, like I spend it and I share it with people who I think could use it more than me, uh, which is most people."

What did Nick mean by this? Are the people who need it more than him the Jamaican hookers? The Somalian drug dealers? The charities he gets pushed by his parents into attending the events of? It certainly wasn't his Lawtube colleagues, that's for sure, and it wasn't the audience he grifted all this freely spendable money from. He so effortlessly lies about himself, it's really quite something to behold. The only charitable thing I'm aware of him doing is sharing around his wife, and he won't even respond to @Fapcop's emails.

 

[Desktop User2]

I share it with people who I think could use it more than me,

He was doing massive amounts of coke to support the Somali community selling drugs.

 

[TherapyMan]

I'm legitimately proud of Ralph and hope he can turn it around and attone for his actions.

Nick will continue to spiral, which just proves he's somehow worse than Ralph.

Do not be confused by the surface level similarities between Ralph and Rekieta. Both are serial liars, substance abusers, philanders, and general scum, but there's a world of difference between the two of them.

Ralph can admit he was wrong and regret his actions in a sincere way. Ralph's greatest obstacle has always been his lack of discipline, poor impulse control, and extreme insecurity that causes him to lash out at anyone. Deep down, Ralph has always known he's a sack of shit that abuses substances and the people around him because he's ashamed and wants to avoid confronting that reality.

Rekieta on the other hand cannot actually express real regret because he never admits to being wrong or engage in honest self-reflection. He does not feel those feelings of shame for the bad things he does like Ralph does. Drugs and sex are not a coping mechanism for Rekieta—they're the goal. Deep down, Rekieta thinks he's the coolest guy, and we just don't get it. The dude's brain is broken, even more than Ralph's.

 

[Maraschino]

Yeah but doing it beforehand is what's more likely to have it actually cause the deal to be withdrawn. Retroactively taking it away is really rare. The most that generally happens is if they included the usual language about the plea resolving all already known about crimes, then they find you committed a prior, they'll prosecute you for that.

Judges have about zero tolerance for that. Remember Baked. There wasn't a lot of back and forth. He just whined a couple times before the judge said fuck this, okay, we're going to trial and ended the hearing.

To be fair, if there's anyone who could fuck up an otherwise straightforward plea by being an insufferable faggot playing insufferable faggot word games in a place where you shouldn't be, it'd be Nick.

It'd be an excellent start to Nick's campaign as LOTY 2025 to think he was going to get out of a trial and just plea out to save himself and his Minnesota 5, just to rake himself. I do want the trial because Nick hasn't suffered enough, and it could always get worse.

 

[Vibralldo]

From: https://youtu.be/uRfNfvazZuY?t=308

"To me, money's always been something that's been in the hands of God, yeah I never really regard it as mine, like I spend it and I share it with people who I think could use it more than me, uh, which is most people."

What did Nick mean by this? Are the people who need it more than him the Jamaican hookers? The Somalian drug dealers? The charities he gets pushed by his parents into attending the events of? It certainly wasn't his Lawtube colleagues, that's for sure, and it wasn't the audience he grifted all this freely spendable money from. He so effortlessly lies about himself, it's really quite something to behold. The only charitable thing I'm aware of him doing is sharing around his wife, and he won't even respond to @Fapcop's emails.

Whoever Nick considers "good people" that deserve his money, his mortgage lenders aren't included.