Bill Bartmann has had his share of ups and downs, personally and financially. He began in the down position, the youngest of eight children in a family where the parents worked low-wage jobs and they moved around a lot.
Bill Bartmann left home at the age of 14, travelled with a carnival and later joined a street gang. By the age of 17 he was an alcoholic. On night when he was intoxicated, he fell down some stairs and was seriously injured; he was told he would never walk again.
Bill Bartmann’s first Rags to Riches success began at this point in his life. Bill Bartmann really began to impress people when he walked out of the hospital, got his GED, went to college and then law school. He became wealthy investing in real estate and later went into the oil business.
Bill Bartmann was living the good life of a successful business man until OPEC slashed the price of oil, forcing Bill out of business and one million dollars in debt!
Rags to Riches Again!
Bill Bartmann refused to give up. Bill and his wife and business partner, Kathy, borrowed $13,000 to buy bad loans offered by the Federal Deposit Insurance Corporation. Within three years they paid their entire million dollar debt from the oil business as they grew there new debt collections company. The company grew over the next 13 years with 3,900 employees and revenues in excess of $1 billion.
Company Success passed on to Employees
Bill Bartmann and his wife ran a very successful company while taking great care of their employees. They pioneered novel financial instruments still used today on Wall Street. They implemented fantastic benefits for employees including salaries at twice the industry standard, free health care, free on-site child care, 250% 401K match program and company trips for all employees and spouses.
The annual trips included places like the Bahamas, Las Vegas and ocean cruises. One year they leased 27 Boeing 747s to fly 6,000 employees and spouses to Disney World from Tulsa.
Bill and Kathy Bartmann have been recognized on the covers of national business magazines; Kathy on the cover of Forbes and Bill on the cover of Inc. They were listed individually in the Forbes 400 wealthiest people in America; one national magazine ranked them number 25.
A Heart-breaking Setback
Bill Bartmann suffered another setback when his former business partner committed fraud; the company was forced into bankruptcy. His partner later admitted to having committed the fraud without Bill’s knowledge and was sent to prison.
During the ordeal Bill Bartmann was indicted on 57 felony counts; if convicted he faced 600 years in prison! There was a 2-1/2 month long trial where the government produced 1,000 exhibits and called 53 witnesses to prove Bartmann guilty. Bill Bartmann rested his case without calling a single witness or producing a single exhibit. He wasn’t guilty; the jury unanimously acquitted Bill Bartmann on all counts.
The Federal Bankruptcy Trustee issued a report 17 months after Bartmann’s acquittal, publicly acknowledging “Bills company had not committed fraud.”
From Rags to Bailout Riches
Bill Bartmann does not give up hope! Though this experience would have embittered most people, Bill Bartmann forgives those who did him wrong and focuses on moving ahead. Bill Bartmann believes that failures are life’s greatest lessons and he certainly has learned his share of valuable lessons in his life.
Bill Bartmann travels the country, sharing his story of his successes and how he dealt with challenges. He has written a new book, Bailout Riches, to share insights on how regular citizens can benefit from the most recent economic crisis. Bill Bartmann says there is no need to become a victim of the economy; another statistic for the nightly news.
Bill Bartmann’s book will show how he made a billion dollars in the last economic crisis and how the opportunity is even bigger this time around. Read Bailout Riches, follow Bill’s tested and proven steps and make a fortune buying bad loans for pennies on the dollar.