I know quite a bit about the development world & project finance.
1. All I've read in the last day, and my recollection of past things he said, he is a VERY unsophisticated real estate player. That doesn't mean you can't entice investors to place their trust in you & put cash in your hands. The Primary thing I see: he was associated with a major CT name. Simon Konover. If he really had contractual relations with Konover & a real position in any deal, I think I'd tell colleagues to go ahead ... with normal due diligence.
2. The personal expenses & paying yourself while you are pursuing a deal is commonly done. But ... Also a common trap. Have a blemish or something doesn't happen, and you're screwed. Best to separate all accounts & personal. What he did there ... I've seem other name guys do.
3. Don't go Trump if you think this is not kosher.
4. Yes. A fool represents himself. And desperate. He obviously needs help, God & Lawyers. All the rigamorole definitely expanded his sentence.
5. These AG prosecutors sent out of their way to pile on. Do your JOB. Don't take pleasure & pump up your image with your mouth. I don't respect this.
6. Who knows the realistic chance of this making a groundbreaking. RE Development is very hard. Not for the unsophisticated or gutless.
Sad story. And I'm not following some of you: I hope someone steps up for Tate & he gets some good advice. The Lawrence Phillips story is easy to slide into. (It's OJ too)