Commercial Money Center Up-Date

The Las Vegas, Nevada office is open.  Telephone calls, faxes, and questions are reportedly not being returned, unless you are an attorney. There are at least six major lawsuits, plus one, perhaps two counter-suits, going on.

Vendors have not been paid, broker commission not paid, advance rental checks not returned,  alleged unwarranted liens not released, payments not made on many leases, disputes that payments were made, and to sum it up: it is worse than a mess.  In the army we had a expression for this, but cannot print in the family news. The last three word abbreviations are b.a.r.

To top this off, the San Diego regional office of the Federal Bureau of Investigation has also opened a case.  Leasing News has been asked not to report anything else at this time.