Robert Lindsay: Who bailed out Adrian Erickson?

Adrian Erickson was the rich millionaire who spent a whole lot of money buying Bigfoot videos for his documentary, The Erickson Project. He has lost millions of dollars on his Bigfoot venture and doesn't appear to be making a comeback soon.

Since his financial troubles, most of it has to do with his flailing construction business, Erickson hasn't spoken much about his Bigfoot project and chances are the vision he had for the documentary will never be fully realized. According to Robert Lindsay, Erickson hates the word "Bigfoot" and gets pissed when anyone mentions it.

Here's the latest update regarding Erickson by Robert Lindsay:

Who bailed out Adrian Erickson? Last fall, Erickson was in deep doodoo financially. He was working 6 days a week, 12 hours a day trying to keep his real estate business above water. He was being sued by several parties, including the buyers of his homes. He was under a lot of physical and psychological toll, basically a stress case. His numerous investors were getting upset.

Erickson built a large real estate development in British Columbia called Ruby Ridge. He sold a number of lots but then became underwater with the US recession caused by radical neoliberal capitalism’s unregulated banking sector and massive bankster fraud. This neoliberalism-generated recession affected the whole world, including Canada. Erickson was having a hard time selling homes due to the downturn in the housing market.

He also spent $3 million on his Bigfoot project, the Erickson Project, with no results. He had promised buyers are variety of amenities for their lots including phone and cell coverage, water, sewage lines and roads. With no more money coming in, he was unable to provide these amenities. Through no fault of Erickson’s, his lot buyers were left holding the bag.

Things looked grim. The prospect of bankruptcy for the business and foreclosure on Erickson’s very nice home loomed. I’m not divulging too much personal information here as most of this has already been reported in the British Columbia press.

Here it is, 9 months later, and everything has changed. Early in the year, Erickson apparently took his Bigfoot documentary to Hollywood where it was worked on with post-production editing. In the interim, Erickson’s financial problems seem to have evaporated or at least gotten much better. The word we have is that financially, things are going quite well.

This does not make sense. The housing market in BC has not returned since last fall, so he’s not selling anymore homes than he was then. How did he get the money to send the doc to Hollywood to have it worked on? It makes no sense, because at the time it was down there, Erickson was flat broke.

Erickson is now happy and calm and is no longer working all the time. He is back guiding hunts and again and he’s going to Africa soon to hunt. He seems relaxed about the subject of Bigfoot and acts like it is out of his hands and his life.

Whereas previously for a long time, he got angry anytime anyone brought up the subject. On numerous occasions, Erickson said he didn’t want to hear the word Bigfoot ever again. Furthermore, Erickson and Ketchum, who never got along, have now mysteriously become BFF’s.

Logically, none of this makes any sense. The only way this could have happened is that an unknown person or persons with a lot of money stepped in and got Erickson out of his hole by sending a lot of money his way, either via gift or investment.

I suspected that Wally Hersom gave Erickson the cash to get him out of the hole he was in and send the documentary down to Hollywood.

However, when I asked around, a source close to Hersom emphatically told me that he strongly doubted that Hersom had either bailed Erickson out or even given him the money to take his doc to Hollywood to have it worked on.

There is suspicion that Ketchum is now the owner of Erickson’s footage, but it has been impossible to firm. However, it does remain a hunch of mine for reasons I cannot divulge.

The events surrounding Erickson and his movie in the last 9 months remain shrouded in mystery.

[via Robert Lindsay]