Steinberg Bankruptcy Failed to Slow Claims of Cash Crisis

Gene Steinberg reported a monthly income of $2,790.76 on a 2016 bankruptcy petition. The Paracast and Tech Night Owl host spent now well documented years seeking cash gifts via email and other media, while consistently framing common living expenses as emergencies and claiming himself virtually destitute. The bankruptcy file is public record and arose through an ongoing open source investigation of Steinberg's financial claims conducted by a growing number of interested parties. 

Offered an opportunity to comment for this blog post, Steinberg replied in a July 18 email that he resents the probe into public records about him and other family members. "I demand that it stop," he added. Steinberg suggested he might ask for a full financial disclosure from me, seemingly oblivious to the difference in the circumstances - sincerely or otherwise.

Reported liabilities, income, and expenses

Blog commenters and social media participants who reviewed the file took issue with such circumstances as a nearly $700 per month car payment. Also questioned was what seemed to be Steinberg's practice of moving into costlier residences following evictions, as pieced together through various email solicitations and public records. More issues also arose, such as whether he reports income from his constant solicitations.

My email to Steinberg particularly sought comment on how one's judgment might reasonably be called into question if they have some $2800 per month income yet are consistently unable to take care of them self. This would be the case regardless of reported expenses, as it would seem they would reconsider choices of expenses, particularly when asking others to financially compensate for those choices.

"My financial struggles are none of your business," Steinberg wrote, adding that he demands others and I cease trolling him and posting what he termed false information. 

In addition to questioning Steinberg's financial choices, it should also be considered that bankruptcy dissolves debt. That is largely the point in filing. One who files bankruptcy typically ceases paying creditors immediately. In spite of this being the case, a review of Steinberg's cash soliciting history shows he continued calls for financial gifts prior to, during, and after the filing.

Steinberg monthly expenses per 2016 bankruptcy

The bankruptcy petition was filed on or about May 9, 2016. It appears during this point in time, mid 2016, Steinberg launched a gofundme page. 

More can be observed from an April 7, 2016, message to his e-list titled, "A Warning from the Power Company." Steinberg tells readers of pending utility and rent payments, requesting their financial help.

July 2, 2016, Steinberg told email recipients "the landlord is torturing us" in a message titled, "Time is Short!". He wrote of eviction and an inability to pay expected deposits required for a new residence he was apparently seeking. He also claimed he was doing everything he could to cut expenses. Such emails were typical and ongoing.

It is difficult to understand how the statements from 2016 emails could be accurate when considered in the context of bankruptcy, in which one often stops paying loans and all unnecessary debt. That is particularly the case when considering the debt relief was combined with some $2800 per month in income. It is unfortunate that reaching out to Gene Steinberg for comment only resulted in rhetoric about trolls.

Readers may choose to ask themselves if Paracast and its associated platforms are reliable sources of information. They may also decide, when supplied with adequate knowledge of the history of the host's actions, if such activities align with those they desire to fund.

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Related:

Gene Steinberg Personal 'Emergency' Cash Solicitations Span Years, Hundreds of Emails

Updates on Paracast Host Gene Steinberg 'Emergency' Cash Solicitations