Headlines---

 

   Pictures from the Past---1985-Spaceman Millerbis

         Classified ---Jobs Wanted---Sales

           Alert

              --The Hansons are Solicitating Broker Business by Mass E-Mail

            New Healthcare Equipment Leasing Report Shows Strong Industry

              New York, Connecticut and Rhode Island vicarious liability laws

               Leasing News Website Changes---Archives/Calculators and more

                   Palmchip Introduces Financing Solutions/Dimension Funding

                    The 2003 Lease Syndication Showcase-March 10th

                      Technology sector turns back clock                       

                         Not just the Gruden Bowl/Super showdown only part of intrigue

 

   #### Denotes Press Release

-----------------------------------------------------------------------------------------------

 

Pictures from the Past---1985—Spaceman Millerbis

 

 

“Program Chairman Ben Millerbis ( Pentech Leasing, San Jose, CA) leading

‘Spaceship WAEL’ on its mission of exploring the frontiers of leasing.  Propelled by the inspiring talk given by Opening Luncheon Speaker, astronaut Jim Lovell, attendees explored the exciting future of the industry.  They improved their marketing and management skills through workshops given by recognized leaders; they responded with enthusiasm to the debut of the Funding Source Forum; they demonstrated both their sports expertise on the courts and fairways, and their financial skill at the casino tables. And they found that only the boundaries of outer space could define leasing’s limits.”

Western Association of Equipment Lessors Newsline, October, 1985

 

Classified ---Jobs Wanted---Sales

 

            Sales:Scottsdale, AZ.

19+ years in middle-market-leasing. Concentrations in Medical/Manufacturing/IT& General in multiple geographic territories. Well versed in direct calling& closing efforts to C- Level& subordinate management. email:bill_peter@msn.com

 

              Sales: Prairie Village, KS Have substantial deal flow and database of broker referral sources. Generated and closed over $22M LY. Seeking exclusive relationship w/direct founder. email:fiergl@aol.com

 

              Sales: Philadelphia , PA Seeking an open opportunity to advance in the automotive, commercial leasing & finance industry......... email: alexe362002@yahoo.com

 

                 Sales:Austin,Texas 24yrs exp.in equip leasing sales, vendor/direct, leasing high-tech to rolling stock. HP12C/17B. Small-Mid Ticket. Seeking Texas territory which can be covered from Austin home-base. email:GeorgeMinchew@sbcglobal.net

 

 

             Sales: Orange County, CA.

Skilled deal-closer at above-average rates. Entrepreneurial. Accomplished lease-structurer specializing in transportation. Exp. in direct/ captive & syndicator environments servicing vendors, brokers, & end-users. email:originator@sbcglobal.net

 

Full list available at: http://65.209.205.32/LeasingNews/JobPostings.htm

-----------------------------------------------------------------------------------------

Alert---The Hansons are Solicit ting Broker Business by Mass E-Mail

 

To: info@empireleasing.com; dan@e-capitallease.com;

droberts@diversifedlenders.com; jim@amtechleasing.com;

igreif@1stfinancialleasing.com; jjohnson@commlease.com;

kclune@clune.net; info@civiclease.com; martin@cfi-financial.com;

mike@cbc-group.com; gerickson@crnleasing.com; tpelatt@cap-dev.com;

bsgfin@msn.com; debbie@bfec.com; birchequipment@aol.com;

bbk@bbkfinancial.com; bthistle@banknorth.com; acsi@acsitx.com;

johns@bridgepoint.com; avon@avonlease.com; stommel@micron.net;

efiglioli@arcfin.com; info@amerilease.com; suttonfunding@yahoo.com;

jhamilton@alpineleasing.com; cindyw@goodnet.com;

darreng@alliancecap.com; alex@rt66.com; info@acleasing.com;

rich@bpfcpa.com; info@21stcenturyleasing.com

Cc: edlo99@aol.com; dbg@sierratel.com; kgoodman@dimensionfunding.com;

trozzini@cypress-financial.com; info@comfunding.com;

info@coastfinancial.com; mike@clearviewfinancial.com;

gsaulter@chaseindustries.com; daycraiga@cs.com;

info@capitalpartnersinc.com; info@cleasing.com; dana@bel-lease.com;

ginnyyoung@bravacapital.com; bob@gcs1.com; kkrebs@benficialcapital.com;

jallard@bvcl.com; llachance@bankers-capital.com; belt@feist.com;

prwarren@bigfoot.com; mark@amaweb.com; lisa@artrentandlease.com;

info@ampent.com; ricandersen@sierracities.com; ailco@ailco.com;

michael@alliancefinancing.com; fairbridge@mindspring.com;

dmonty@afsofca.com; actionbiz@aol.com; ely.tim@accentleasing.com;

independentlease@aol.com

Subject: New leasing company in San

Diego!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

 

   Sorry to bother you, but I need your help and I think I might be

able to help you too:)

 

We are a new leasing company in Carlsbad, California and have

over 27 years of experience in the business. The president of our

company is Bill Hanson and we are specializing in the tough to do deals!

We have funded Fair Isaac's as low as 450 and this included companies

that are start-up's! All the transactions have to be 100%

collateralized! Example, if a truck driver wants a new $25,000 trailer.

He must have $25,000 in collateral (Title vehicles, property, industrial

equipment, etc..) The rate factors that include your points are as

follows

 

                                   36 months-.053

                      Funding takes less than a week!

                                   42 months-.048

 

Their challenged or lack of credit does get a high rate BUT it doesn't

stop them from getting their equipment and generating cash!

 

 

                 We also have private investors that will fund the

bigger and more unique   transactions. We just funded a 2.3 million dollar charter airplane. Please e-mail, fax, or call me today.  Call 1-888-350-0701   Fax 1-760-804-8849    Wishing you happiness in 2003 :)

 

-----

Leasing News makes no opinion on Alerts, but brings them to the attention

of readers at the request of readers. 

 

Bill Hanson is the former vice-president of Commercial Money Center.

 

This is the address for the series of stories, and more can be found be

doing a search in the archive section:

 

http://www.leasingnews.org/Conscious-Top%20Stories/CMC_stories.htm

 

If you are not familiar with the story, here is a re-cap, from some of the

past issues regarding CMC:

 

 

 

Commercial Money Center, Escondido, California—Las Vegas, Nevada 7/19/2002

 

Inside attorney:

 

“Sad fact is that it looks like they're (The CMC crew) are going to get

away with it which I find most disappointing. I'm sure you're aware

that they have BK'd all of the various companies and are currently

protected by the automatic stay from the court.”

 

Several, in fact, are back in business, including Wayne Pirtle, “Dr.” Ron Fisher leasing to chiropractors (perhaps with his friend Stan Daniels and son , formerly of SDI ), and both Bill and Ty Hansen have Conrad and Associates (Bill, is in fact, Orange County Regional Chairman for the

United Associations of Equipment Leasing).

 

Commercial Money Center Telephone Numbers

 

As Leasing News reported, we were not able to reach anyone at the CMC

corporate office in Las Vegas, Nevada; however, an “anonymous” reader sent us this:

 

CMC HAS MOVED INTO A LAW OFFICE DOWNTOWN LV 702-382-1714, MOST BUSINESS IS

CONDUCTED THRU EZ AUTO 702-207-4444, TRY CONRAD ASSOCIATES SAN DIEGO (888) 350- 0701

         billh@cnaleasing.com     tyhanson@cnaleasing.com

 

 

( “anonymous” means it came via our website “contact “ that if the person

does not give their name, we have no idea who it is from. editor )

 

Here is the official address:

 

Commercial Money Center

101 Convention Center Drive, Suite 1225

Las Vegas, Nevada 702-894-9400

 

Capital Markets Corporation has the same address

and telephone number. Commercial Servicing Corporation

is also located at this address ( sorry, telephone number not known ).

 

----

 

Leasing News understands that Conrad Associates is not legally connected with CMC, but there is a relationship as evidenced by this e-mail from Ty Hanson,

son of CMC vice-president and officer Bill Hanson:

 

“I am amazed at all the pot shots, half truths, and assumptions that are being

made at Commercial Money Center.

 

 “I don't mind assumptions or allegations by

people, but if you are going to go out on a limb with YOUR beliefs (NOT

FACTS) than at least have the backbone and sign your name. I was an employee

at Commercial Money Center and by no means does that give me a right to

defend or attack the company!

 

 

“There are maybe three people at Commercial Money Center that know for sure if their business ethics were flawless. Just like a personal relationship if you don't know what went on behind closed doors, then you shouldn't stand in judgment. But, after reading our processing manager's comments, who wasn't any higher on the corporate ladder than myself, I figured WHY NOT! I am going to address two allegations.

 

 

“First, that Ron Fisher was sued for malpractice and doesn't hold a medical

license in Florida.

 

 “Two, that Commercial Money Center is being sued for over

6 million dollars by insurance companies for fraudulent deals. Ron had a

chiropractic practice in Florida with several doctors on staff. ONE of the

doctors was sued for malpractice, which caused the whole practice to be in

the suit. Ron was later dropped out of the suit! The only reason he doesn't

have a medical license in Florida is because he stopped practicing and moved

to California and started a leasing company.

 

“Two, Commercial Money Center is being sued by one of our surety companies for over six million dollars. But does anybody talk about the 600 MILLION dollar lawsuit that Commercial Money Center has against the surety company? I don't know for sure what went on with the surety companies, Commercial Money Center, or the investors. But, I do have more facts that most of your readers.

 

 “One, Commercial money Center DID refund over 1.4 million dollars in advance rentals.

 

“Two, Ron made sure all the employees at Commercial Money Center were paid before he closed the Escondido office.

 

 “Three, Ron is in the process of filing a class action lawsuit for the employees against the surety companies that refused to honor their bond!

 

 “Four, Ron has won an injunction against a former disgruntled business partner who enjoyed sending lies and falsehoods to newspapers, banks, lessees, etc.... about Commercial Money Center without signing his name!

 

 “In closing, I don't know if Commercial Money Center is flawless, but I

like to go with patterns and consistencies. Is it an insurance company that

refused to pay when the claims were made on these tough to do deals, or Ron

Fisher, a man that sent over a million dollars in advance rentals to

insurance companies so deals could be funded.

 

“When these deals did not fund, he paid everybody back with HIS own company bankroll.HMMMMMMMMM Insurance companies that fight and don't pay claims or Ron Fisher, a man that steps up to the plate and does the right thing! Until Commercial Money Center's 600 million dollar lawsuit is settled, I am standing by Ron Fisher. And by the way, unlike most of your Monday quarterback readers who love to put in their 2 cents.............I WILL SIGN THIS LETTER! !”

 

Ty Hanson

A man with a backbone

tyh@cnaleasing.com

 

Commercial Money Center Exposed

 

---

 

 

“Ask Joe Bonanno’s Question: “ Are they a member of NAELB?”

 

Joseph Bonanno, Esq.,CLP, is the legal counsel for the National

Association of Equipment Leasing Brokers. It is his intention that

if a “funder” is not a member of NAELB, a member should not do business

with them. He states this because the association then has no recourse

in “negotiating” matters.

 

The other day, Leasing News stated he should get a medal. He responded:

 

“Thank you for your kind words of suggestion that I should receive a ‘medal.’

 

“However, realize that the entire process involving CMC was an NAELB matter.

 

“Neither myself nor the NAELB takes any delight in what occurred with CMC and apparently you

 

are finding out about even more issues that can potentially make the overall situation even more unfortunate.”

 

The actual announcement of the expulsion of Commercial Money Center

came from its president, Mike Meacher, on November 19, 2001.

 

“Dear NAELB members:

 

“ The Board of Directors has unanimously voted to expel Commercial Money Center ( 221 WestCrest Street, #200, Escondido, California ) for membership in the National Association of Equipment Lease Brokers based on the filings of a complaint by a member for ethical violations.   The action was taken in accordance with the NAELB ethics procedures.  As always, the NAELB advised that members conduct business with other members so that the ethics program can benefit our members. “

 

 Sincerely  Mike Meacher NAELB President

 

In writing the story, Leasing News asked Mr. Bonanno for a comment. He stated at the time President Meacher’s statement was sufficient. We asked him “off the record,” why did NAELB expel Bill Hanson, particularly since he was a big support of the association, major financial contributor, a major sponsor, and was very well liked in the leasing business.

 

He said, “ If a company can’t return an advance rental, no matter what

the circumstances are, including an expulsion form NAELB, then something

more is wrong than just this one incident. We have other complaints, but I can tell you,

not returning the advance rental, this is a red flag. They don’t have the money. Something is really wrong here. We need to notify our members not to do

business with this company.”

 

The Leasing Industry should have listened. It is more than Commercial Money

Center is out of business. There appears to be fraud involved; many lawsuits,

a Federal Bureau of Investigation inquiries, the advance rentals that were to be returned, may be an illusion, Leasing News knows many vendors have not been paid, lessee money not returned, unwarranted liens filed, and there is more. It appears the situation is going to become even worse for all those involved.

 

American Motorist Insurance Company (Safeco) on March 26, filed a $6,265,715 against all officers and Capital Markets Corporation and Commercial Money Center regarding deposits and payments on their bond. This is perhaps the first of many.

 

Part of this suit includes leases for Kiosks, reportedly never delivered, never existed, and the vendor who was to build these allegedly was only paid fifty percent, so he reportedly never completed nor delivered the Kiosks, but the partnership with some officers of Capital Markets Corporation testified in leasing contacts they were “accepted” and payments were being made on the lease. Money for the payments allegedly came from CMC.

 

One of the signers of this transaction, has gone to the Federal Bureau of Investigation in Florida, it is reported, to “tell all” with the hopes of a reduced sentence, very

similar to the Enron Auditor plea .

 

Dun and Bradstreet states the company started in 1998. The chief officer is Wayne Pritle.

 

Amwest Surety Insurance Company, San Clemente, California, is listed as a secured party on many UCC’s. Leasing News spoke with them and they told us Commercial Money Center closed their doors “...for a lot of problems, and we can’t go into them at this time.” We were told they were able to negotiate insurance for transactions, but due to all the investigations, did not want to discuss

this further.

 

Other officers of this company are Mark Fisher, Tom Matthews, Brian McMichael, Bill Hanson, Sterling Pirtle, and Ronald A. Fisher.

 

D&B states that “Capital Markets was started in 1997” and operated as a

holding company ( Commercial Money Center.). The Nevada Charter shows officers as Wayne Pirtle and Ronald A. Fisher.

 

“On January 16, 2001, Dun & Bradstreet records show that Ronald A. Fisher is listed as an officer in Ronald A. Fisher, DUNS #92-675-9457, which filed a voluntary Chapter 7 bankruptcy on May  10,1996. Ronald Fisher is also listed as an officer of Care-Med Centers, Inc. Pompano Beach, Fl. Duns #18-296-5591, which was reported to have discontinued operations in 1991 leaving unpaid debts.

 

A highly reliable source informs Leasing News that Fisher was a Chiropractor,

who lost his license due to Medicare and other “malfeasance.” Leasing News

could not find an active license in Florida or California for Ronald Fisher,

although it is know he prefers to be called Dr. Ronald Fisher.

 

On January 18, 2001, Dun & Bradstreet records show “...Sterling Pirtle is listed as an officer in North Bay Mortgage, Ltd., Englewood, CO. DUNS #80-475-6427, which filed a voluntary Chapter 7 Bankruptcy on February 13,1995.

 

On January 18, 2001, Dun & Bradstreet “records show that Mark Fisher is listed as an officer in CMC Lease In., Escondido, CA, DUNS #17-409-7709, which was also laced on higher-risk status.

 

On January 12, 2001, Andrew J. Alderete, the CPA for both Capital Markets Corporation and Commercial Money Center, indicated that he prepares an audited, combined financial statement for those two companies....on January 12,2001, a check with the New Mexico Public Accountancy Board revealed Andrew J. Alderete is being investigated for “audit competency”  specific details regarding the investigation were not available.

 

Dun & Bradstreet states Commercial Money Center, Inc. (subsidiary of Capital Markets Corporation, Las Vegas, Nevada” started 1997. According to the many

Uniform Commercial Credit filings, the assigned are Midam Bank, Toledo, Ohio,

Privident Bank, Cleveland, Ohio, Huntington National Bank, Cleveland, Ohio, Second National Bank of Warren, Solon, Ohio. No major banks seem to have been involved. The relationship of the banks is being investigated.

 

The officers of both corporations are the same. Ronald Fisher is not the president.

 states:

 

“Welcome to Commercial Money Center Inc. Whether you are a broker, vendor, business professional (attorney, accountant, or other professional), business owner or manager with tough credit issues and looking for equipment leasing solutions...the Commercial Money Center is the place to be.”

 

Their website proclaims:

 

“We are full service leasing company specializing in doing the tough credit transaction...discharged bankruptcies, paid tax liens/judgments and slow pays within policy are components of our leasing products. We have expanded our scope to include a limited tax lien and judgment payoff sale & leaseback product that could have many useful applications for businesses working earnestly to solve their credit issues.

 

“We ask that you take a moment and sign-on with us to learn more about the Commercial Money Center and the benefits of our leasing programs for your business and for your client's business.

 

“Application Only Lease

 

“This product is designed for quickly processing transactions $75,000 and under that have certain credit barriers that are acceptable to the Commercial Money Center, Inc. Personal credit reports and guarantees are required for all shareholders/principals of each lessee. Co-signers who are not owners and not involved with the lessee business will not be considered in our credit decision. Spouses are required to co-sign in the following states: Louisiana, Texas, New Mexico, Arizona, California, Washington, Idaho, Nevada, and Wisconsin.

 

“The Commercial Money Center Inc. utilize the following scoring elements in our credit decision process:*

 

Fair Isaac Score as low as 500

Revolving Availability

Current Account Status

Real Estate Ownership

Time in Business - minimum 12 calendar months

Average bank balance equal to 2 times lease payment over the last 6 months

Gross sales & Net Income

Dun & Bradstreet Score

Bankruptcies are deducted

Tax Liens are deducted (See our Tax-lien payoff product)

Civil Judgments are deducted

 

Package Requirements:

 

Transactions equal to $10,000 to $75,000

Lease Application completed with gross and net income

Last 6 months of bank statements

Equipment description, Cost, Vendor name & Address & Phone & Contact

Letter of explanation for any account shown as currently past due on credit reports

Sale-Lease backs must have letter of explanation indicating use of proceeds

 

Commercial Money Center hired Dennis Doyon, formerly of Colonial Pacific

Leasing, to solicit business. Doyon previously worked for Total Funding, a dot.com

super broker looking to have brokers submit vendor business and direct business

through their internet connection.

 

Leading the fray was Bill Hanson, who learned the leasing business while

working for Ron Wagner, who went out on his own . Hanson is now self-employed

as a leasing broker, as reported earlier by Leasing News.

 

January 10, 2002, Bill Hanson, Vice-President and Director of Marketing

states the company will return all “Advance Rentals.” There are stipulations.

 

In the “Meet the Leasing News Maker,” he states:

 

“Is CMC currently not funding transactions and effectively out of business until surety issues are resolved? “

[Bill Hanson ANSWERS]

“Out of business is a strong word, we are far from out of business we are still accepting applications and intend on processing them and funding them

We are returning everyone's advance rentals “

>> INTERVIEW

[SUBMITTED QUESTION]

“ So you are still accepting applications? “

[Bill Hanson ANSWERS]

“YES, please support us and we will support the brokers.”

 

 

“ Everyone talks about CMC being the last resort, what does the credit look like and roughly what would be the rate “

[Bill Hanson ANSWERS]

“500 fair isaac..closed BK....several NSF's..... released tax liens and judgments.........we have a rate factor ...like renting an apartment .03630 for 64 months… we only have 64 months...we are trying to get our shorter leases back “

 

“It takes 5 to 6 weeks because we sell the transactions off in pools of 5 to 10 million and this is after all documents are correct “

 

 

: “What about all the vendors who have delivered equipment 6 months ago? “

[Bill Hanson ANSWERS]

“Good question, we have not given up on being able to fund these transactions and we feel most vendors will be paid We are refunding the lessees advance rentals, but still trying to move forward and fund them as soon as possible”

] “Approximately how many advance rentals will you be returning? “

[Bill Hanson ANSWERS]

“All of them “

 [SUBMITTED QUESTION]

“Will you fax copy of lessee letter to broker? “

[Bill Hanson ANSWERS]

“We are working on a letter for the broker and the vendor! We want to keep everybody working together! That's what America's all about “

 

“Since I was late.............is there even a "realistic" time frame for the deals that have been in the funding process for several months? “

[Bill Hanson ANSWERS]

“To fund? 30-60 days...to get their money back? 2 to 10 days “

>> INTERVIEW

[SUBMITTED QUESTION]

“: Do you have any suggestions as to where to place some of these deals? “

[Bill Hanson ANSWERS]

“Contact me and I will be more than happy in trying to help...1-800-856-0907 “

>> INTERVIEW

“What are the odds of you being able to straighten everything out??? “

[Bill Hanson ANSWERS]

“Excellent “

 

---

 

 

 

Commercial Money Center---It Gets Worse

 

 $19.2 Million Fraudulent Leases? out of $250 Million Portfolio

 

   or is it higher, as others are now coming forth?

 

Here are reader’s comments to Leasing News:

 

Please do not use my name. Other employees may guess who I might be

as I was involved in ( upper management). I do know that the fraudulent leases were bonded by ACE (under Illinois Union Insurance Co.), RLI and American Motorists as these were the last 3 companies who wrote bonds for CMC.

 

I am concerned in looking for employment that the onus of working

for CMC will be working against me. How do I tell a prospective employer

that I was not guilty of any wrong doing?

 

I fully expect that all of the sureties will file suits if they have not yet done so. Knowing what I do about D&B's public records database, I'm not surprised that they are not all showing up as yet (D&B Public Records can be slow).

 

 If you have access to Lexis/Nexis, you might get a better list of

complaints. Accusearch through Data Filing Service/UCC Direct might give you more information but can be costly. I'm sure you know all of that, but I thought I'd throw it in. Because special purpose companies were often formed for bulk sales, a UCC search might not return accurate data. Any San Clemente addresses showing would most likely be the offices of Anthony and Morgan Surety and Insurance Services, the broker who sold the bonds to CMC.

 

The actual bonding process was a simple one, the bonds themselves are something of a web. In certain cases, bonds were 'wrapped' when one company purchased the bond from the original seller. Any changes to the bonds were at the request of either the issuer of the bond or the bank to whom the leases were sold. The cause for any changes were due to various reasons including simple mergers and, in certain cases, declining ratings on existing bonds. To my knowledge the list of bonding companies includes:

 

Royal Indemnity

Amwest Surety

Frontier Insurance Co.

RLI Insurance Co.

Safeco

ACE America Insurance (ACE wrapped the Frontier, Royal and other bonds)

American Motorists Insurance

Illinois Union Insurance Co. (A wholly owned subsidiary of ACE)

Kemper (these bonds were purchased in the mid summer of last year but were returned as Kemper's bond rating dropped after 9/11/01 due to the fact that they had insured parts of the World Trade Center.

This is noteworthy as this event is THE ONLY impact that 9/11 had on CMC although they continued to publicize that event as having caused severe damage to CMC. That has always made me a little sick, quite frankly, but I had no control

over this. It did bother me  ******** tried to use such a tragedy to their advantage. Kemper is not responsible for any CMC leases)

 

Chubb Group of Insurance Companies, in the final days, was negotiating with CMC to wrap the entire portfolio with new bonds and relieve the obligation of the original sureties. Once this was done, the entire portfolio was to be refinanced by Citibank and Chase Manhattan as a joint venture apart from any routine purchases. Once the lawsuits started coming down, however, all parties pulled out.

 

There may have been a few other smaller bonding companies, but the names escape me. Most of those bonds were later wrapped though. The list above is an accurate list of the big players though.

 

I am sure Safeco and their subsidiaries are especially aggravated as they were promised but never received relief on the bonds written on leases for Shandoro Ventures, a gigantic CMC disaster along with Kapco and Med-Quik.

 

ACE, of course, will be the biggest suit as they hold the most bonds. ACE is not without blame, however, they did not investigate what they were bonding and were unfortunately duped as a result.

 

I would like to help out, but it is not the legality that I am fearful of,

but the fact that I worked for such a company. Please withhold my

name.

 

-------------

 

 

I noticed that you mentioned "no major banks seem to be involved"

in the CMC story. This is not correct: Citibank is in for $50 Million

and Netbank is in for more than that amount.

 

By the way, the Citibank deals were sold under a special purpose company formed solely to sell leases to Citibank. This was agreed upon by both entities as a matter of risk management. The name of that company was CMC Lease Funding 2000-220 L.P.

 

You may quote me. I have been sitting on some information since the middle of last summer involving what I believed to be wrongdoing by the executive management of CMC. I was not, however, 100% certain that wrong had been committed until you reported today (Friday) that one of the signers on the bogus deals had come forward. I was the Processing Manager for CMC.

 

This story is going to get much bigger, I can assure you. Much, if not all, of the information you have been given regarding the collapse has been either inaccurate or misrepresented with the exception of information you reported today ( Friday’s Leasing News. )

 

Dean Ambrosini

dean11681@cox.net

 

(It takes a lot of courage to write what you have. You are being considerate

of your industry, plus trying to up-hold business ethics. I think once the

lawsuit is noticed, other may follow, and defaults in payment will

reveal what was “real” and what was not. Leasing News will also print

information without attribution when we can confirm it, or know or

learn about the source. It has more credence when signed, like Dean Ambrosini.

editor)

 

---------

 

The actual figures on the fraudulent leases I am concerned with total $19.22 million (confirmed figure) and were sold to various banks using bogus companies for lessees. CMC's entire portfolio was in excess of $250 million in receivable accounts, most of which were misrepresented through falsified

records to the respective investors (banks) and sureties. 

 

To my knowledge, that entire portfolio is now considered in default by the investors and sureties.

 

Your Ponzi reference is, in fact, correct. CMC was using their own funds to cover up the default in the portfolio. I was aware of this, as were others at my level, and we were told that it was necessary to do this in order to continue to be considered credit-worthy for future bond purchases.

 

 The actual leader in the lawsuits, however, was not Safeco but ACE American Insurance Company, which wrote bonds for CMC. ACE, having 'wrapped' or purchased bonds from other sureties in addition to having written their own, was the insurer of the bulk of CMC's portfolio (I recall this figure to be approximately $140 million).

 

 It is my understanding that ACE filed a motion seeking relief from their obligation to CMC in Federal Court this past summer (late June 2001) and filed a subsequent lawsuit shortly thereafter having lost that round. I believe that all of the sureties have filed similar suits.

 

I think that Ron Fisher, to return to that subject, was the founder and original president of the company but was pushed out of that role due to difficulties caused by his past dealings as the company grew. I always found odd that he was replaced with Wayne Pirtle in that role, however, as Wayne's

background is a much bigger mystery.

 

( Top Executive Insider, known to Leasing News—name withheld )

 

 

(The first reader mentioned many insurance companies.

The UCC filings show the security party as Amwest Insurance company, San Clemente, Inc. The debtor is Commercial Money Center. Perhaps this were

assigned to American Insurance Company. It is evident there are several

lawsuits and insurance companies seeking payment.

 

This particular lawsuit appears different.  The plaintiff is the American Motorist Insurance Company of Illinois, signed by the attorneys for Royal Indemnity Company and Safeco Insurance Company. It follows a “third Amended Estipulation and temporary restraining order dated February 27,2002 against CMC and CSC “ and all of its agents, officers and employees are enjoined and restrained...from withdrawing by any means, any bonded lease payments” and names banks accounts and other matters. CMC closed doors on March 10. This lawsuit was completed on March 19, signed by all parties, and filed with the

court on March 26,2002. The lawsuit does not appear-yet- in either the CMC or Capital Markets D&B report, at this time. In the string of leases assigned,

appear to be the alleged non-existing kiosks from a partnership reportedly

involving Ronald Fisher.

 

 The suit is addressed to Commercial Money Center, Inc., a Nevada corporation; Commercial Servicing Corporation, a Nevada Corporation, Wayne Pirtle, an individual, Anita Pirtle, an individual. Capital Markets Corporation was not named. Leasing News will seek further information on Commercial Servicing Corporation. Perhaps there is a reader who can give us the background on Wayne Pirtle. editor )

 

The People Behind Commercial Money Center

 

 

Dr. Fisher's Chiropractic career was always a mystery to those of us at CMC.

 I had heard rumors of malpractice, including Medicare fraud, and various other issues, but none have been confirmed. I can tell you, however, that the ONLY "President of CMC" ever known to any employee of CMC was Dr. Fisher regardless of what might be indicated on paper. Not Wayne Pirtle.

 

I know great measures were taken to keep Dr. Fisher out of sight, however. I had always assumed that his BK was related to his Chiropractic practice. Given the number of "out of work Chiropractors" selling at CMC, I have also suspected that Dr. Fisher's dealings caused some colleagues to lose their licenses as well. We all

thought the BK involved his entire practice.

 

( Name Withheld)

 

I read the claim by CMC Director of Marketing Bill Hanson that he did not

make any money since last June.

 

Perhaps he was a victim along with the rest of us in that he was also given false information to distribute to our brokers and vendors.  Bill is a most likable person and a very kind man, but I can assure you that he did make money and plenty of it. Perhaps not directly, but Conrad and Associates did.

 

(Name With held)

--------------------------------------------------------------------------------------

About Leasing News

 

-----

Your piece on CMC demonstrates a great deal of journalistic maturity and

integrity. Congratulations on a very well done piece!

 

Please withhold my name.

 

---

 

I like your classified ads, and use them. A very good source for leasing sales people. Perhaps you could shed some light on where your publication is distributed so that we know who will potentially see our classified ads.

 

Thanks again,

 

Tom Gerner

TGerner@IFCCREDIT.COM

VP Human Resources

IFC Credit

 

 

 ( to inform, to educate, to entertain, to help )

 

Do it better, don’t run away just because they do it )

 

We estimated we have 5,000 readers. Many read us “at home”,

some are doubled listed and may also read us at work. I would say there

is an “age” factor. We know this from the ISP address. The older the person and the higher up in the scale of a leasing company, the less they are interested in the internet, e-mail, or “inside news.” This does not apply to entrepreneurs or smaller companies

who compete with the larger companies. Many of them are quite computer

and internet “ready.”

 

We have a real cross section from brokers, collectors, managers of departments, salesmen, sales managers, sales representatives, and even attorneys. Our first classified ad was for an attorney by the way, who got a leasing company job through Leasing News. We have had operations people, collectors, and other people involved in the industry find job , therefore they must be readers. I think they all care about their professional, want to succeed in life, are concerned about others, want to know more about what is going on, and have a very curious mind.

 

We don’t just automatically print any press release sent to us and particularly . We print a lot of controversy and things you will not read anywhere else about the leasing industry. We are not driven by advertisers or charge for our services.

 

You won’t see a full press release that Boeing leased five new aircraft. ( sorry ).

Most of the press releases are so phony, they could be comedy. They are quite

one sided, at best.

 

One of the things I learned in starting this, most readers want it delivered to their

e-mail address. I originally thought they would like the html, cleaner layout,

that they could print or adjust to a newspaper format or click to the url

mentioned. They like it delivered. Thus the reason I plug the classified

in the e-mail news edition. By the way, we never intended to have a classified

section, it was requested by the readers. It took several months of the requests

for us to act as it is a lot of work to maintain.

 

April 17 will mark out two year saving these news stories, and in The Day

In American History, we will mark the anniversary.

 

_______________________________________________________________

 

### ####################################################

 

New Healthcare Equipment Leasing Report Shows Strong Industry

Performance and Growth Potential

Rapid Technological Advances And Growth of Outpatient Facilities Driving

Healthcare Leasing Market

 

-Arlington, Virginia-The Equipment Leasing Association,

the non-profit association representing companies involved in the $204

billion equipment leasing and finance industry, and R.S. Carmichael &

Co., Inc., a marketing research and management consulting firm, White

Plains, New York, has released a new report, Healthcare Equipment

Leasing, 2003: U.S. Market Dynamics and Outlook.  The market study

focuses on the leasing practices of hospitals, outpatient centers and

other providers, especially with respect to

revenue-producing/cost-saving equipment.  It also examines the market

from the standpoint of healthcare equipment vendors and lease financing

competitors. Market conditions, including size and growth, and facts on

specific equipment markets, such as imaging diagnostics and therapy

equipment, are detailed. 

 

Highlights from the report include:

 

*       The estimated size of the U.S. healthcare equipment leasing

market in 2002 was $5.8 billion in terms of new volume. 

*       The average annual growth rate of market growth is forecast to

be 8.5% through 2005. The healthcare equipment leasing market is

projected to reach $7.4 billion in volume by 2005.

*       Total healthcare expenditures in the U.S. are increasing at an

accelerating rate, forecast to grow from $1.3 trillion in 2002 to more

than $1.6 trillion by 2005. This will represent a 7.2% average annual

growth rate.

*       The most active equipment category is imaging diagnostic

equipment, which accounts for just over 50% of all healthcare lease

financing. 

*       The continuing shift of healthcare away from hospitals to

outpatient facilities is leading to the acquisition of new equipment and

expanded use of lease financing.

*       Future healthcare equipment leasing increases will be stimulated

by technology enhancements, especially those related to digital systems

integration. 

 

 "What is most striking about the healthcare equipment leasing industry

is its highly-robust performance compared to the rest of economy," said

Richard S. Carmichael, Managing Director of R.S. Carmichael & Co., Inc.,

which conducted the study. "Continued profitability and growth is

projected due to the unique character of the U.S. healthcare industry."

 

Ralph Petta, Vice President of Industry Services for the Equipment

Leasing Association, said, "The study provides the most thorough depth

of detail on the healthcare equipment leasing industry available.

Healthcare, healthcare-related organizations, and financing and leasing

companies will find this an invaluable resource."

 

Media wishing a full copy of Healthcare Equipment Leasing, 2003: U.S.

Market Dynamics and Outlook, or to request future studies, please

contact Suzanne Jackson at 434-972-7278, sj@FourLeafPR.com or Diane

Johnson at 703-391-2056, diane@dtjorg.com.

 

Full-color charts and graphics are available to the media for reprint,

free of charge.

 

Organizations may download a copy of the study from

http://www.elaonline.com/ELAstore/.

 

For more information on the leasing industry, visit ELA online at

http://www.elaonline.com or check out ELA's informational portal for

financial decision-makers, which includes the questions to ask before

signing a lease and help in finding a leasing company, at

http://www.leaseassistant.org.

 

About The Equipment Leasing Association

Organized in 1961, the Equipment Leasing Association (ELA) is a

non-profit association representing companies involved in the dynamic

equipment leasing and finance industry.  ELA's mission is to promote the

leasing industry as a major source of funds for capital investment in

the United States and abroad.  ELA maintains an informational portal for

financial decision-makers at http://www.leaseassistant.org.

 

Headquartered in Arlington, Va., ELA has more than 800 member companies

and a staff of 27 professionals.  Equipment leasing was reported to be a

$204 billion industry in 2002.  Visit ELA online at

http://www.elaonline.com.

 

R.S. Carmichael & Co., Inc.

Founded in 1976,  R.S. Carmichael & Co. is a leading marketing research

and management consulting firm serving the equipment leasing field and

other financial services industries.  Based in White Plains, NY, the

firm has a 27-year record of success in helping clients identify

opportunities and develop actionable plans that are market-driven and

factually based.  Visit R.S. Carmichael & Co. at

http://www.rscarmichael.com

 

########### ##############################################

 

New York, Connecticut and Rhode Island vicarious liability laws.

 

 

(article sent to us by Richard M. Volk)

 

“Saw this in  Automotive News this week.  This vicarious liability law is a huge problem for automotive lessors, and that might even carry over to equipment leasing.”

 

Richard M. Volk

Trinity Leasing Company

Southfield Park Tower II, Suite 300

12835 E. Arapahoe Rd. Centennial, CO  80112

Office: 303-643-6490   Cell: 303-435-6196

rvolk@trinityleasing.com   Fax: 303-643-6499

 

 

By Jim Henry

Automotive News / January 20, 2003

 

 

 

General Motors Acceptance Corp. notified dealers last week that it will quit buying leases in New York, Connecticut and Rhode Island this year unless those states change their vicarious liability laws.

 

As an interim step, GMAC raised its acquisition fee on leases by $405 in those states, effective March 1. The increase boosts the fee to $1,000 in New York and $1,075 in Rhode Island and Connecticut, said Paul Eberlein, GMAC director of leasing. The cost is passed to consumers.

 

Vicarious liability means that an accident victim can sue the owner of a vehicle for damages, no matter who was driving. In a lease, the leasing company is liable because its name is on the title.

 

Eberlein said GMAC will stop buying leases in New York on May 1 if the state has not changed its law by then. He said the company has not set a deadline to quit leasing in the other two states. He estimated that New York accounts for about 45,000 leases a year.

 

Leasing companies have been lobbying against vicarious liability for at least a decade.

 

Vicarious liability lawsuits have become bigger and more frequent, and insurance against vicarious liability has become more expensive, or unavailable, leasing companies say.

 

Hundreds of vicarious liability lawsuits have piled up in the past three years alone, representing more than $1.6 billion in potential damages, according to an industry lobbying group, the Vicarious Liability Coalition.

 

GMAC and its biggest competitor, Ford Motor Credit Co., are offering balloon notes as an alternative to leases. A balloon note is similar to a lease except the customer's name goes on the title.

 

Some dealers dislike balloon notes because customers have to pay sales tax on the entire value of a vehicle.

 

In leasing, the customer only has to pay sales tax on the portion of the vehicle's value covered by the lease.

 

Captive finance companies and banks formed the Vicarious Liability Coalition in October 2002 in response to a $28 million judgment against Chase Auto Finance Corp. on Aug. 7, 2002, in Providence, R.I.

 

Chase Auto stopped buying new leases in Rhode Island in October, and beginning in December 2002, increased its lease acquisition fee to $1,000 from $595 for leases originated in New York and Connecticut.

 

Bob Vancavage, president of the New York State Automobile Dealers Association in Albany, said: "We would hate to see leasing go away."

 

 

 

Submitted by

Richard M. Volk

Trinity Leasing Company

Southfield Park Tower II, Suite 300

12835 E. Arapahoe Rd. Centennial, CO  80112

Office: 303-643-6490   Cell: 303-435-6196

rvolk@trinityleasing.com   Fax: 303-643-6499

-------------------------------------------------------------------------------------------

 

Leasing News Website Changes---Archives/Calculators and more

 

Due to all the requests for past Leasing News edition, Maria Martinez-Wong has both re-designed the “archive section” and move it up to the top Tool Bar at www.leasingnews.org.

 

We have been saving the past editions since we started the Website.  They go back

to “April, 2002.”  Leasing News is posted daily in the morning, around 7am, PDT,

and also put into the archive section.  The section is divided into years and then

months.  The current month is posted. A search can be made on the month or

the entire list.  You can also scroll the month’s list, if you have a specific

story that you want to find.

 

There is no charge for the archives, as there is on other sites.

 

Maria put  “Alerts” and “Bad Boys”  into separate categories above

the “Top Stories” section.  Readers wanted direct access to “Alerts” that

have been published.

 

You may notice, she have added our “logo” to the top left of the page.  When you

save our address on your Explorer browser, the logo will also transfer to the list.

 

She also brought back the “top ten virus” list to give readers an idea what

is making the rounds.  Of course, when a virus gets in the mailing list

of someone in the leasing industry, it becomes a chain letter, making

the rounds here.  Usually the virus is in the “top ten.”

 

“Display/Banner” Advertising is new, regarding our advertising policy.

We are not active seeking ads, but the Advisory Board wanted to have

a printed policy. We have one for “Help Wanted” classified ads at:

 

“Books”  and “Recommendations” are out latest features.  The recommendations

are a collection.  Most of the recommendations are personal, however,

we have added others that readers are interested in. Right now we are working

on a new category “ Lease calculators. “Due to several recent requests, we are going to add a section on “lease calculators.”    If you have any you want

to recommend, or add to this group, please  me know.

 

   kitmenkin@leasingnews.org

 

Lease/Finance Calculators On Line

 

several sites provide this for free.

http://www.downseek.com/download/6993.asp

 

Lease Pro works on the Palm Pilot

http://www.5star-shareware.com/Palm/Calculators/Calculators2.html

 

  You may be interested in this program at:

http://www.leasenow.com/2000/index.htm

 

Several companies have comparison programs that you can take

off line, if you have webmaster skills.

 

You also might be able to use this, and get into a program with LeaseNow.

Here is their calculator:

http://www.leasenow.com/riskwiz.asp

 

Keystone does it on line at:

http://www.keystoneleasing.com/

 

Excel by Microsoft has a lease program and a loan program, plus one for

cars, and it is free.  All you need is Excel to run it and put on line.

 

or try:

http://www.mathcookbook.com/

 

here is one for $25

http://www.sharewarejunction.com/info.asp?ProductID=339

 

http://www.softpile.com/Business/Finance/Review_00027_index.html

 

mortgages/loans

http://www.loans-mortgage-calculator.com/

 

 

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#### ###########################################

Palmchip Introduces Financing Solutions for Semiconductor Intellectual Property Licenses

 

 

SAN JOSE, Calif.----Palmchip Corporation, a pioneer in system-on-chip (SoC) platform IP technology, and Dimension Funding, LLC a leader in capital equipment financing today announced an alliance to offer financing services for semiconductor Intellectual Property (IP) licensing. This agreement allows Palmchip customers to license either an SoC platform or individual IP blocks through Dimension Funding, providing Palmchip customers with the ability to spread payments for the license fee over extended periods of time.

 

"To our knowledge, no one in the IP industry has offered this type of innovative service to its customers," said Jim Venable, vice president of sales and marketing for Palmchip. "This offering gives small companies -- or any size company that wants to carefully manage their cash outlay -- a way to immediately get the technology they need to build their products while at the same time conserving their cash until the product goes into production." With this alliance customers can finance the IP license over varying periods of time from 90 days to three years or more.

 

"This partnership opens up a whole new market segment for us," said Michael Wagner CEO of Dimension Funding. "We are pleased to be able to offer this service to Palmchip's customers as a new tool to help them achieve their business goals."

 

Under the arrangement, once the customer chooses a product from Palmchip and decides to finance the license fee, they will work directly with Dimension Funding to set up a financing program that meets the needs of their company. All payments for the license fee will then be made to Dimension.

 

About Palmchip

 

Palmchip Corporation develops and licenses configurable SoC platforms, subsystems, and IP cores for embedded SoC's used in a variety of applications. Palmchip's IP is based on its CoreFrame(R) integration technology. This technology is independent of processor, I/O or foundry, allowing designers flexibility in porting IP from any number of sources. Palmchip was established in 1996 and is today a privately held company based in San Jose, California (USA). More information can be obtained at www.palmchip.com.

 

About Dimension Funding, LLC

 

Dimension Funding, LLC was founded in 1978 and is a national provider of equipment leasing and financing services. Located in Irvine California with additional offices in Beverly Hills and Tahoe Nevada, it is the largest leasing organization in the region. More complete information on financing options is available on the company's website: www.dimensionfunding.com.

 

CONTACT:

 

Palmchip Corporation

Jim Venable, 408/952-2007

jvenable@palmchip.com

 

or

Cain Communications, Inc.

Susan Cain, 831/662-6092

scain@caincom.com

 

SOURCE: Palmchip Corporation

 

############## ##################################################

 

The 2003 Lease Syndication Showcase—March 10th

 

The Lessors Network Presents...

 

A Professionally Intimate Networking Event

Exclusively For Lease Syndication Buy & Sell Side Professionals

 

The 2003 Lease Syndication Showcase

March 10 | The Ritz-Carlton, Buckhead | Atlanta, GA

 

 

Invitations Begin Tuesday, 1/21/03

 

Details - http://www.lessors.com/Events-2003/Syndication/syndication.html

 

 

Syndication professionals from the buy and sell sides, representing the

following companies have requested invitations to this event.

 

Allegiant Partners Incorporated | Altec Capital Services, LLC | American

Enterprise Leasing | Amsource Capital, Ltd. | Banc One Leasing Corporation

| BancPartners Leasing | CCA Financial Services LLC | Central Atlantic

Leasing Corp. | Cisco Systems Capital | CompServ, Inc | Comtech Capital,

L.L.C. | Connell Finance Company | ePlus | EFLC | Equilease Financial

Services Inc. | Executive Capital LLC | Fifth Third Leasing Company |

Firerock Capital, Inc. | Fleet Capital Leasing Healthcare Finance |

Friedman, Luzzatto & Co. | GATX Technology Services | GE Commercial

Equipment Finance | GMACCH-ABL | ICON Capital | IFC Credit Corporation |

International Decision Systems | Key Equipment Finance-Lease Advisory

Services | Lease Corporation of America | Marlin Leasing Corp | M&I First

National Leasing Corp. | Michigan Heritage Bank | Network Associates

International Inc. | NewCentury Finance | North American Funding Corp. |

Omni Capital (Omni National Bank) | Onyx Capital Corp | ORIX Financial

Services, Inc. | PNC Leasing | RMS Capital | Royal Bank of Canada | RVI

Group | SBC Capital Services | Siemens Medical Financial Services |

SunTrust Leasing | Technology Investment Partners | Textron Financial

Corporation | The CIT Group | The Garrett Group | The Vaughn Group, Inc. |

Transamerica Equipment Financial Services | Transportation Alliance Bank |

Trans Securities Inc | US Bancorp Equipment Finance, Inc. | VenCore

Solutions | Volvo Commercial Finance | Robert G. Yohe - Consulting | Wells

Fargo Equipment Finance, Inc.

 

 

 

Email Distribution at the bottom of - http://www.lessors.com

 

 

Not just the Gruden Bowl

 

    Super showdown only part of intrigue

 

By GARY MYERS and HANK GOLA

DAILY NEWS SPORTS WRITERS

 

Jon Gruden is looking to win his first title at expense of his old team...

...while former 49er Jerry Rice has chance to win a Super Bowl for both northern California teams.

 

 

 

PHILADELPHIA - It was a trade that sent the Bucs to the Super Bowl for the first time and couldn't prevent the Raiders from making it to the Super Bowl for the first time in 19 years.

 

Jon Gruden didn't want to coach the Raiders any longer than he had to - he had one year left on his contract and was not going to sign a new one. So, after the Bill Parcells fiasco, the Bucs turned to the Raiders and eventually worked out a deal with Al Davis to get Gruden.

 

It was expensive.

 

It cost Tampa two No. 1 picks, two No. 2s and $8 million. And now, nearly a year after Davis traded Gruden to the Bucs, it's Gruden vs. the Raiders in Sunday's Super Bowl in San Diego.

 

After the Bucs beat the Eagles, Gruden was asked about the potential of meeting his former team.

 

"That will be exciting," he said. "... There's some sensitivity there and there's some emotion to see Oakland play in the Super Bowl."

 

It's the most compelling story line of Super Bowl XXXVII. But there are more:

 

1. Something's got to give: It's a historic Super Bowl matchup of the Raiders' No. 1-rated offense vs. Bucs' top- ranked defense: The rankings are based on yards, and according to the Elias Sports Bureau, it's the first time in Super Bowl history the No. 1 offense has faced the No. 1 defense. Oakland scored a league-high 450 points, an average of just over 28 points per game. Tampa allowed a league-low 196 points, an average of just over 12 points per game. It is also the No. 1 pass offense vs. the No. 1 pass defense.

 

2. Awards show: Oakland QB Rich Gannon was voted the NFL MVP. Tampa LB Derrick Brooks was voted the NFL Defensive Player of the Year.

 

3. Super Sunday: It's the battle of big mouths, big waistlines and former teammates all wrapped up into one large showdown: Bucs DT Warren Sapp, checking in at 303 pounds, vs. Raiders guard Frank Middleton, who tips the scales at 330 pounds. Middleton played for the Bucs from 1997-2000. Practices were interesting and obviously noisy. These guys love to talk trash.

 

4. The Bucs and Raiders have played five times since Tampa entered the NFL in 1976, with the Raiders holding a 4-1 edge: The last meeting was in 1999. The Bucs went to Oakland to face Gruden and the Raiders. Final score: Oakland 45, Tampa 0. But at the end of the season, the Raiders were 8-8 and missed the the playoffs. Tampa finished 11-5 and lost to the Rams in the NFC Championship Game.

 

5. QBs with common ground: Gannon, the epitome of a journeyman quarterback before he wound up in Oakland, has played for four teams, including the Vikings and Redskins. Bucs QB Brad Johnson is with his third team. His two previous stops? The Vikings and Redskins.

 

6. Romo's hat trick: Raiders linebacker Bill Romanowski won two Super Bowls with the 49ers and two with the Broncos: If the Raiders win, it's believed he will be the first to play in and win Super Bowls with three different teams. Matt Millen played for the Raiders, 49ers and Redskins when they won Super Bowls, but he was inactive for Washington's victory over the Bills. By contrast, Raiders wide receiver Tim Brown, in his 15th season that will lead him to the Hall of Fame, is playing in his first Super Bowl. Jerry Rice, like Romanowski, has an opportunity to win a Super Bowl with both teams in the Bay Area. He won three with the 49ers.

 

7. Keyshawn Johnson meets his hometown team: After the game in Philly, the former Jet was asking how the Raiders were doing. He had an interest that went beyond wanting to know who the Bucs were playing. Johnson, who grew up in Los Angeles, is a huge Raiders fan. The Raiders played in Los Angeles from 1982-1994. "I don't care who we play. We can go play Cincinnati, I don't care," he said. "(The Raiders) are my favorite team, but I don't care who we play. That's my favorite team in all the NFL. That is a childhood dream, but I don't care." Sure he does.

 

8. Just who is Raiders coach Bill Callahan? We'll find out. He might be the most anonymous head coach in Super Bowl history. By the end of the week, his life story will have been told hundreds of times. He was the Eagles offensive line coach from 1995-97 when Gruden was Philadelphia's offensive coordinator. When Gruden was hired by the Raiders in 1998, he brought Callahan with him to Oakland as his offensive coordinator. And when Davis traded Gruden to the Bucs, he promoted Callahan to head coach. He's 46 years old and a former quarterback at Illinois Benedictine.

 

9. New York flavor: There are a bunch of former Giants and Jets in the game. For the Bucs: Johnson (Jets), G Kerry Jenkins (Jets), P Tom Tupa (Jets), offensive line coach Bill Muir (Jets), strength coach Johnny Parker (Giants), WR Joe Jurevicius (Giants), T Roman Oben (Giants), T Lomas Brown (Giants), LB Jack Golden (Giants). For the Raiders: RB Tyrone Wheatley (Giants), QB Rick Mirer (Jets).

 

10. All over the map: Davis won two Super Bowls the first time the Raiders played in Oakland. He won another when the Raiders played in Los Angeles. Where was that game? Tampa. Davis is trying to win another now that the Raiders are back in Oakland. It's Just Win Baby vs. a team that lost the first 26 games of its NFL existence and used to wear hideous orange jerseys.

 

Super Bowl XXXVII

Tampa Bay Buccaneers vs. Oakland Raiders