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KAYE: Joseph also knew how to spot talent and he believed he'd found it in welder Chase Merritt.
MERRITT: Joseph owned his own business and I owned mind. I manufactured costumed handle (ph) waterfalls and he bought the waterfalls from me.
This waterfall in to the understanding that you're going to have a designated switch.
We are anticipating probably a 1.5 million in sales for 2010.
KAYE: While they meet through business, the two quickly became close friends.
MERRITT: We talked constantly. We played paintball together all the time. He came down and have dinner with me and my family once or twice a week, virtually every week. Joseph was my best friend.
KAYE: How was he to work with?
MERRITT: He is incredible. Joseph was probably one of the nicest people I have ever met. He'd give you the shirt off his back. He was just nice guy.
KAYE: So nice, Joseph soon began lending Chase money when Chase started having trouble and making end meet.
...snipped....
And there was just this like rolling ledger.
KAYE: Chase's debt kept climbing, creating big problems for Joseph's business.
WATSON: Joseph would take ahead if they had a chart (inaudible). If somebody wasn't happy with the work, he'd already paid Chase as part of it.
So when the chart back into the account, it only hurt Joseph and I think it totals about $100,000 worth of mistakes that Chase owed him for.
KAYE: Gina grew so concerned she warned Joseph that Chase was bad news.
WATSON: I did raised concerns about Chase that he would use materials that were cheaper or sometimes he would leave somebody high and dry without the fountain or without fixing it.
And Joseph really felt that he could control that aspect of Chase. KAYE: He didn't seem to have any concerns at the time?
WATSON: No. He really kind of blew me off.
KAYE: Joseph's wife Summer was no fan of Chase's either.
WATSON: I know that he wasn't fan of her. I know she wasn't fan of him.
MERRITT: Joseph loved her to death. You know, he thought she walked on the water. Honestly, I thought she was egotistical. I thought she thought her deep instinct and Joseph could do better.
KAYE: But Joseph and Summer were committed to building a life together with their two boys. And that meant moving out of their cramped apartment.
http://transcripts.cnn.com/TRANSCRIPTS/1502/10/csr.01.html
MERRITT: Joseph owned his own business and I owned mind. I manufactured costumed handle (ph) waterfalls and he bought the waterfalls from me.
This waterfall in to the understanding that you're going to have a designated switch.
We are anticipating probably a 1.5 million in sales for 2010.
KAYE: While they meet through business, the two quickly became close friends.
MERRITT: We talked constantly. We played paintball together all the time. He came down and have dinner with me and my family once or twice a week, virtually every week. Joseph was my best friend.
KAYE: How was he to work with?
MERRITT: He is incredible. Joseph was probably one of the nicest people I have ever met. He'd give you the shirt off his back. He was just nice guy.
KAYE: So nice, Joseph soon began lending Chase money when Chase started having trouble and making end meet.
...snipped....
And there was just this like rolling ledger.
KAYE: Chase's debt kept climbing, creating big problems for Joseph's business.
WATSON: Joseph would take ahead if they had a chart (inaudible). If somebody wasn't happy with the work, he'd already paid Chase as part of it.
So when the chart back into the account, it only hurt Joseph and I think it totals about $100,000 worth of mistakes that Chase owed him for.
KAYE: Gina grew so concerned she warned Joseph that Chase was bad news.
WATSON: I did raised concerns about Chase that he would use materials that were cheaper or sometimes he would leave somebody high and dry without the fountain or without fixing it.
And Joseph really felt that he could control that aspect of Chase. KAYE: He didn't seem to have any concerns at the time?
WATSON: No. He really kind of blew me off.
KAYE: Joseph's wife Summer was no fan of Chase's either.
WATSON: I know that he wasn't fan of her. I know she wasn't fan of him.
MERRITT: Joseph loved her to death. You know, he thought she walked on the water. Honestly, I thought she was egotistical. I thought she thought her deep instinct and Joseph could do better.
KAYE: But Joseph and Summer were committed to building a life together with their two boys. And that meant moving out of their cramped apartment.
http://transcripts.cnn.com/TRANSCRIPTS/1502/10/csr.01.html