Leasing News is a web site that posts information, news, and entertainment for the commercial leasing and finance industry. The News Edition is updated Monday, Wednesday and Friday.
Wednesday, August 24, 2011
First World Wide Economic Panic this day 1857
######## surrounding the article denotes it is a “press release”
and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer. It is considered “bias” as it is the writer’s viewpoint.
Send Leasing News to a Colleague. We are “Free.”
"The List" ---July, 2011
Radiance Capital, Tacoma, Washington (07/11) Tom Price who purchased Radiance Capital was charged with $400 million scam. He and his partner have filed bankruptcy, but there are several lawsuits and other claims. The announcement in January, 2009 was “The company will continue to manage and service the existing portfolio. For the foreseeable future, there are no plans to fund or originate new finance transactions.”
CHG-Meridian, Woodland Hills, CA. (07/11) Wants to be off "Looking for Broker list."
"As we work in a very special customer environment, CHG Sales Management focuses very selectively on certain brokers.” We think your services are valuable, however not the right fit for now.
Five Point Capital, San Diego, CA. (07/11) joins the Evergreen Notification List.
AMC Funding, Charlotte, North Carolina (07/11) Found guilty of check fraud, ordered to pay $21,425.76, dissolve AMC Funding Group, take his website down and not own or operate a "similarly situated business."
NorVergence, New Jersey (07/11) NorVergence’s Tom Salzano on Trial in Louisiana, as bankruptcy is winding down to the last two claims and then whatever assets remain will be divided among creditors.
Benchmark Financial Group, Aliso Viejo, CA (07/11) pressure from victims and their web sites forces company to create Cobalt Funding Group and Partners Capital, whose website pictures funding its 10,000 customer.
Heritage Pacific Leasing/HL Leasing, Fresno, Ca (07/11) HL leasing Class Action Case in Fresno, Ca. begins in Fresno. One in New York against funders of Heritage Leasing is finding most leasing companies named being dismissed from the case.
Financial Pacific, Federal Way, CA. (07/11) Does not control funders and Evergreen clause. http://leasingnews.org/archives/Jul2011/7_13.htm#menzel
Kingsbridge Holdings, LLC, Lake Forest, Illinois (07/11) Acquires Trilogy Leasing, Cranbury, NJ, increasing Kingsbridge’s Total Assets in excess of $420 MM; bringing the total original equipment cost financed in their portfolio to approximately $600 MM.
Trilogy Leasing, Cranbury, NJ (07/11) acquired by Kingsbridge Holding.
ACC Capital/Amembal Capital (07/11) Banks collecting receivables, Lowder now employee of Stalwart Contract Services as manager.
Central Leasing, Birmingham, Alabama (07/11) Barry A. Thomas, Chief Credit and Financial Officer plead guilty to $1.2 million embezzlement.
Odyssey Equipment Financing, Scottsdale, Arizona (07/11) John Torbenson Celebrates 43rd Year in the leasing business.
GreatAmerica Leasing, Cedar Rapids, Iowa (07/11) purchases the “One GreatAmerica Plaza” building in downtown Cedar Rapids, a major building that also houses their operation.
Leasing Industry Help Wanted
For information on placing a help wanted ad, please click here:
Please see our Job Wanted section for possible new employees.
November 2-4 AGLF Annual Conference
November 2--November 4, 2011
The price is right to network, learn more about the Government Leasing Industry. As city, state, county, and federal agencies have their budget tightened, they will be looking more and more] at leasing.
AGLF Member: $750.00
Founded in 1981, AGLF provides resources, educational forums and networking to expand business opportunities and promote best practices. Don’t miss this opportunity!
Non-Member must first create profile to log in: https://members.aglf.org//source/Join/index.cfm?action=events&Event=FALL11&type=nm
10% Off First Time Attendee
Waldorf Astoria Reservation, please note convention code for special rate:
Please send to a colleague---Leasing News is Free
This Day in American History
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
How to play:
Refresh for current date:
See USA map, click to specific area, no commercials
Real Time Traffic Information
You can save up to 20 different routes and check them out with one click,
Independent, unbiased and fair news about the Leasing Industry.
Ten Top Stories each week chosen by readers (click here)
Editorials (click here)
- Dwight Galloway's RLC Funding Up and Running---but California