A couple of years ago, Ron Cain was demanding severance pay. See my prior blog post. Now, Ronnie Cain and his brother, Gary Cain are facing efforts by the City of Windcrest to seize the office condo they purchased. Windcrest alleges they purchased the condo with money stolen from the city. See San Antonio Express News report.
The brothers have gone into bankruptcy. Windcrest is seeking title to the condo, valued at $274,000. The two brothers have been accused of embezzling $2.8 million given to the city by Rackspace to upgrade infrastructure. Ronnie Cain was indicted in 2010, sometime after he”demanded” his severance pay. I thought it was a “nervy” request then, only more so now.