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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.
   



Executive Director of Sales
Laguna Hills, CA

Base Salary, performance bonuses, sales overrides, full benefits
Require excellent track record of integrity based performance with strong leadership skills for business development. 
Manage existing sales force. Optimize diverse array of financial products and solutions. Execute sales enablement strategies. Trusted advisor on executive team.

  “STRADA Capital has been raising the standard for excellence in financial
solutions for over 10 years.  Our success stems from our
unwavering commitment to our customer’s success”

Brad Kissler, BKissler@stradacapital.com, 949-789-8850, ext.222

www.stradacapital.com


Wednesday, August 24, 2011


Today's Equipment Leasing Headlines

Chris Walker Lovefest Cedar Rapids, Iowa August 20, 2011
  Classified Ads---Asset Management
    Classified ads—Outsourcing Asset Management
 ELFA-MLFI Reports Slow Down in July—August next?
  "The List" ---July, 2011
   --- Mergers, Acquisitions & Changes
    First World Wide Panic, August 24, 1857
   Background of First Trillion Funding
    Classified Ads---Help Wanted
     November 2-4 AGLF Annual Conference
      Placard---Partnership
 Commercial Banks/S&L $7.9B improvement second quarter
  Problem List fell first time in 19 quarters--plus
   Deposit Insurance Fund Postive-1st time 2 years
    Southern California Corporation Pleads Guilty Tax Evasion
     Tax Preparer gets 18 months plus pays IRS $170,005
       Columbia, South Carolina Adopt-a-Dog
News Briefs---
 American Screw & Rivet Short $14.2 million in loans/leases
  Sell Big or Die Fast---HP Gambles on Change
   Wal-Martians

Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months
 

First World Wide Economic Panic this day 1857
 
  You May have Missed---
    Sports Briefs---
California Nuts Briefs---
      "Gimme that Wine"
         This Day in American History
          SuDoku
           Daily Puzzle
            GasBuddy
             Weather, USA or specific area
              Traffic Live----

######## 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.


[headlines]
--------------------------------------------------------------

Chris Walker Lovefest Cedar Rapids, Iowa August 20, 2011


Chris Walker, CLP, GreatAmerica Leasing, is president of the Certified Leasing Professional Foundation, on the National Equipment Financial Association Board of Directors, and very much liked and respected in the industry, with many friends, especially among his colleagues at GreatAmerica Leasing, as he fights his battle with inoperative pancreatic cancer.

Chris enjoying some downtime at his sister’s house in
Santa Barbara, California overlooking the Pacific.

There were many people involved in putting the all night event together, but the purpose here is to let you know what happened, and the following report on the Lovefest, as well as photographs, is from Mathew L. Doty, Director, Corporation Communications, GreatAmerica Leasing:


Chris Walker, CLP
(Photo: GreatAmerica Corporate Directory)

Many would say Chris has been a lifelong rocker first, and a financing professional second. On Saturday night, a large group of about 400 people including Chris’s friends and family assembled at Theatre Cedar Rapids for a rock star welcome as Chris, Jean, and Maddie drove up beneath the “Chris Walker Lovefest” marquee at the theatre entrance.


Scores of volunteers had prepared wonderful food and drinks, and all were free to eat, drink, and donate whatever they wanted. The silent and live auctions went very well, with people from all corners of the country bidding on food items, sports memorabilia, trips, jewelry, and lots of donated items from those who know the Walker family.





I can’t fully describe the vibe when Chris got up on stage to play with his band, Abandoned Road, but we were all so happy to see Mr. Walker beaming in his element and visibly touched by the outpouring of love and affection.


This is a man who has touched so many lives in a positive way, and what we all witnessed and were a part of was merely the reciprocal. Somehow we can all find it within ourselves to endure the misfortunes of others and celebrate what we have. Chris and his condition have helped all of us look inside and celebrate our good fortune.



From: http://www.caringbridge.org/visit/chriswalker

"Have you ever wondered what LOVE looks like? Looked it right in the eye. Had it caresses you like a blanket. Had it fill you up.

We do.

"Last Saturday night at the Chris Walker Lovefest we were met by true love. In the sweetness of the moment we caught a glimpse of God.
Each and every one of you radiated that love and gave new meaning to what love really is.
Words will never be able to express what this outpouring of love means to us.

"Every smile, every hug, all your helping hands carried us thought that unbelievable evening.
Every contribution whether time, talent or treasures is deeply appreciated,

"Psalm 16:11

You will show me the path of life; In Your presence is fullness of joy; At Your right hand are pleasures forevermore."


[headlines]
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Classified Ads---Asset Management

(These ads are “free” to those seeking employment
or looking to improve their position)

 

Santa Barbara CA (will relocate)
Experienced Asset Manager of various portfolio's for a bank, broker and leasing company. Utilized specialized remarketing companies to maximize collateral values. Worked remote two years.
geoff.taylor@verizon.net | Resume

| Reference 1 | Reference 2


Free Posting for those seeking employment in Leasing:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

All “free” categories “job wanted” ads:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

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

Classified ads—Outsourcing Asset Management

Asset Management: Atlanta, GA
premier provide accounts receivable management functions from 3rd Party contingency collections to Portfolio Purchasing. Contact George Elliott, National Account Manager. 678-694-9063,
www.westassetmanagement.com

Asset Management: Boston, MA
Nationwide appraisals, remarketing, audits, inspections and more! Over 15-years industry experience and dedicated to deliver personal, prompt, professional services.
Call Chris @ 508-785-1277. Email:chris@dovermanagementgroup.com

Asset Management: Minneapolis, MN
NetSentric provides services to leasing companies: Inspection, Appraisals, Auditing, Warehousing, Repossession, Asset Management, Repairs, Remarketing and Field Service for Electronics and Computing Technology.
Email: jcahill@netsentricinc.com

Asset Management: Monroe, NC
Recover a greater return on your investment.  We specialize in the woodworking, pallet, sawmill and forestry industries.  Carolinamachinerysales.com/ Melinda Meier (704)288-1904 x103
Asset Management: Nationwide
BUYER/LENDER BEWARE. Don't sign anything until Collateral Verifications Inc. goes onsite, knocks on the door and gets the facts.
http://www.i-collateral.com
Email: mark@i-collateral.com

Nationwide
Seasoned and fair priced workforce is at your service for all lease collections, repossessions, and asset liquidations, appraisals.  Call Nassau Asset Management 800-462-7728   dcastagna@nasset.com  

Asset Management: NorthWest Sequent provides collateral recovery, remarketing, and storage services to lenders with assets located in the greater Pacific Northwest. Professional services at reasonable pricing. Contact rossr@sequentam.com

  Asset Management: Orange City, FL
We help Lessors Liquidate un-wanted Assets valued at $750,000+. It's an effective method of Liquidating Assets such as Jets, Planes, Helicopters, Freighters, etc.
Eric R. Sanders
Tel  386-789-9441
www.ValuedAssetSales.com
www.The-RandolphCapital.com
EQPMNTLEASING@aol.com
Asset Storage/Re-Marketing: Ohio & surrounding states. Providing no cost warehousing, condition reports, digital photos and remarketing of off-lease forklifts & industrial equipment. NAFTA wide dealer network. Email to GCochran@OhioLift.com  
Asset Management:
South East US- AllState Asset Management
Recovery, remarketing, inspections. 25 years experience, dedicated to deliver, prompt, professional services.
Call Brian @ 704-671-2376. brian.buchanan@allstateassetmgmt.com
Asset Management: Global
Specializing in Semiconductor and Electronic Test Equipment collateral. Lender services include Consignment Sales, Remarketing, Portfolio Purchases, Inspections, De-installation, Repairs and Warehousing.
www.testequipmentconnection.com
mnovello@testequipmentconnection.com
Bulldog Asset Management provides recovery and remarketing services with a difference. Contingent repos, free storage and industry experts to remarket. Email: jeff@buybulldog.com
www.buybulldog.com
 
 

 


[headlines]
--------------------------------------------------------------

ELFA-MLFI Reports Slow Down in July—August next?

(Leasing News Chart)

The Equipment Leasing and Finance Association Monthly Leasing and Finance Index shows a decrease 22% from June to July. June monthly new business was $7.2 billion and July was $5.7. It should be noted this was during the time the House of Representatives was threatening to basically close down the government by not passing a debt ceiling increase ( for bills and laws previously approved, not new legislation.)

The report also noted, "Credit standards tightened in July as the number of lease applications approved decreased to 76.3 percent from 78.7 percent the previous month. Fifty-nine percent of participating organizations reported submitting more transactions for approval during the month, a decrease from 63 percent in June."

Compared to the previous quarter, the third quarter is off to a poor start, with August to tell if “Back to School” attitude was more promising than July.

The Equipment Leasing & Finance Foundation found the August Monthly Confidence was down to 50.0 from the July index of 56.2.

The report also quoted three leasing executives:

Bank, Middle Ticket

“Until such time that the federal government can remove the unpredictability related to taxes and fiscal policy the economy will continue to sputter as the business community will be very cautious with respect to additional investment. This scenario will not bode well for the equipment finance industry.”
    Executive, Middle Ticket, Bank

Independent, Middle Ticket

“Growth is slower than expected but we are seeing some positive signs of larger capital expenditures.”
    Aylin Cankardes, President, Rockwell Financial Group

Bank, Small Ticket

“Recent actions in D.C. make our environment very uncertain.”
   Executive, Small Ticket, Bank

Previous ELFA MFLI-25 Reports:
http://www.leasingnews.org/Conscious-Top%20Stories/ELFA-Survey.htm


(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

[headlines]
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Send Leasing News to a Colleague. We are “Free.”


"The List" ---July, 2011
--- Mergers, Acquisitions & Changes
"The Good, the Bad and the Ugly"—


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.”
http://leasingnews.org/archives/Jul2011/7_28.htm#scam

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.
http://leasingnews.org/archives/Jul2011/7_25.htm#five

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.
http://leasingnews.org/archives/Jul2011/7_20.htm#name_filing

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.
http://leasingnews.org/archives/Jul2011/7_08.htm#update_lowder

Central Leasing, Birmingham, Alabama (07/11) Barry A. Thomas, Chief Credit and Financial Officer plead guilty to $1.2 million embezzlement.
http://leasingnews.org/archives/Jul2011/7_06.htm#cfo

Odyssey Equipment Financing, Scottsdale, Arizona (07/11) John Torbenson Celebrates 43rd Year in the leasing business.
http://leasingnews.org/archives/Jul2011/7_06.htm#torbenson

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.
http://leasingnews.org/archives/Jul2011/7_06.htm#greatamerica

Alphabetical Order
http://www.leasingnews.org/list_alpha_new.htm

Chronological Order
http://www.leasingnews.org/list_chron_new.htm



[headlines]
--------------------------------------------------------------

First World Wide Panic, August 24, 1857



In comparing American History, the 1857 Panic was much worse, the first world wide one! All the internet, newspapers, magazine, and misinformation by the Tea Party primarily is way out of line to those who know the economic history in the United States, not just what you think you remember from grammar school.

Kit Menkin

http://memory.loc.gov/ammem/today/aug24.html

 

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

 

Background of First Trillion Funding


For four months Dwight Galloway, now head of RLC Funding, a division of Navitas Lease Corp., told Leasing News he was aware that his former LEAF Specialty Finance team was negotiating funding to open a small ticket operation exclusively for brokers. He was not involved.

Ron Elwood

Records now prove it was Ron Elwood, now owner of Palmetto Business Finance, Columbia, South Carolina, was the marketing manager for First Trillion Funding. He made this announcement:

“We are excited to announce the formation of First Trillion Funding, LLC. FTF will provide funding nationwide for brokers and lessors through its office in Columbia, South Carolina. The funding source will offer application-only financing up to $75K and commercial and franchise financing to $250K. Although a new entity, First Trillion will be operated by an experienced team of managers and many experienced credit, funding and servicing experts already well known to most of the broker/lessor community. The team expects to begin funding in November.”

relwood1@windstream.net

Previously Ron Elwood was Market Manager for four years at LEAF Special Finance, and then Credit Analyst (application only and commercial) for Republic Leasing/NetBank Business Finance for almost seven years.

December 8, 2010, Dwight Galloway made this statement to Leasing News:

"Although more than two dozen South Carolina employees (formerly the team of NetBank Business Finance and prior to that Republic Leasing) have been working for months preparing to open for business, First Trillion's planned-for network of banks has not materialized and the managing member has made the decision not to go forward with the equipment finance business."

From the grapevine, it seems the investors had been trying to purchase a bank to house the leasing entity and parlay the funds to build both the bank and the leasing company.

 

Debra Jones

It is very interesting to not only get confirmation of First Trillion, but the work involved in setting it up, from the Linkedin.com site of Debra Jones, Director of Broker Operations at RLC Funding a division of Navitas Lease Corp:

Chief Operating Officer First Trillion Funding, LLC
Financial Services industry

September 2010 – December 2010 (4 months)

Managed the set up phase of the new company.
Responsible for the leadership of the Operations and Servicing Departments which includes Accounting, Human Resources, Client Services, and Collections departments.

Accomplishments/Achievements:
Secured Secretary of State registrations in 48 states
Secured sales tax registrations in 48 states
Implemented accounting software system
Implemented lease accounting software system
Wrote and implemented Employee Handbook
Hired 26 employees and arranged all benefits
Implemented new policies and procedures for company
Negotiated and accepted 20 various service provider’s contracts

She is obviously a major person management person, having also been:
Vice President/ Director of Servicing NetBank Business Finance a division of NetBank FSB Financial Services industry

November 1989 – November 2007 (18 years 1 month)

Manage a lease/loan portfolio of $450 Million.
Responsible for the leadership of the Operations and Servicing Departments which includes Accounting, Human Resources, Client Services, Records Management, Loss Mitigation, Collections, and Recovery/Legal departments.
Staff includes six managers and thirty associates.
Responsible for accounts payables, portfolio reporting, monthly Credit Committee reporting, loan loss reserves, account reconcilements, financial reporting, and 1009C reporting.
Credit approval authority to $500K for refinances, restructures, and assumptions of existing loans/leases. Credit approval authority to $35K for new production.
Responsible for department’s budget of $3 Million.
Serves as liaison for the internal, external, and regulatory auditors for company.
Serves as company’s Compliance Officer, BSA Officer, and Facilities Administrator.

And during this period earned a BA, Accounting, Columbia College, graduating Summa Cum Laude, with nine recommendations at Linkedin.com

http://www.linkedin.com/pub/debra-jones/12/122/3b3

Comprehensive personal property tax outsourcing services
We accept file exports and integrate personal property tax information with all lease management or accounting software. No other firm offers the combination of individual attention, software capabilities expertise, "full disclosure" and web port accessibility to information more than we do.

Click here to learn what our clients say about our service
Gary DiLillo, President 216-658-5618 or gary@avptc.com

 

 

Leasing Industry Help Wanted


Executive Director of Sales
Laguna Hills, CA

Base Salary, performance bonuses, sales overrides, full benefits
Require excellent track record of integrity based performance with strong leadership skills for business development. 
Manage existing sales force. Optimize diverse array of financial products and solutions. Execute sales enablement strategies. Trusted advisor on executive team.

  “STRADA Capital has been raising the standard for excellence in financial solutions for over 10 years.  Our success stems from our
unwavering commitment to our customer’s success”

Brad Kissler, BKissler@stradacapital.com, 949-789-8850, ext.222

www.stradacapital.com

MIDATLANTIC FINANCIAL INC, in business 21 years, seeks success-minded independent sales contractors with 3+ yrs equipment finance/leasing sales experience to generate lower to middle market transactions under a very generous commission sharing plan. Please contact us for more details.
Contact Scott Lesnettt, slesnett@midatlanticfinancial.com or
Al Hosack, ahosack@midatlanticfinancial.com

www.midatlanticfinancial.com

Looking for seasoned sales professionals with 5+ years experience closing both Equipment Leasing Transactions and Merchant Cash Advance Transactions
---New leads daily generated through our marketing efforts, and call center. Base salary plus commission, includes daily abundance of marketing leads.
West Los Angeles, CA
Emma 310.447.3460 ext. 319 ecabildo@imcacapital.com

imcacapital.com


For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.

 

 

 

[headlines]
--------------------------------------------------------------



November 2-4 AGLF Annual Conference


November 2--November 4, 2011
Association of Government Leasing and Finance
Annual Fall Conference
Waldorf Astoria, Orlando, Florida


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
Non-Member: $875.00

http://www.aglf.org/events/aglf-annual-fall-conference

Founded in 1981, AGLF provides resources, educational forums and networking to expand business opportunities and promote best practices. Don’t miss this opportunity!

Registration:
http://members.aglf.org/source/events/event.cfm?event=FALL11

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:
https://secure.hilton.com/en/wa/res/choose_dates.jhtml?groupCode=ZTALY&hotel=ORLBCWA

 

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


[headlines]
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### Press Release ############################

Commercial Banks/S&L $7.9B improvement second quarter
Problem List fell first time in 19 quarters--plus

Deposit Insurance Fund Postive-1st time 2 years
Loan Portfolios Grew first time in three years

Large Institutions sizeable deposit inflows


Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $28.8 billion in the second quarter of 2011, a $7.9 billion improvement from the $20.9 billion in net income the industry reported in the second quarter of 2010. This is the eighth consecutive quarter that earnings registered a year-over-year increase. As has been the case in each of the last seven quarters, lower provisions for loan losses were responsible for most of the year-over-year improvement in earnings.

"Banks have continued to make gradual but steady progress in recovering from the financial market turmoil and severe recession that unfolded from 2007 through 2009," said FDIC Acting Chairman Martin J. Gruenberg. He added that "this trend has expanded to include a growing proportion of insured institutions."

A majority of all institutions (60 percent) reported improvements in their quarterly net income from a year ago. Also, the share of institutions reporting net losses for the quarter fell to 15.2 percent, down from 20.8 percent a year earlier. The average return on assets (ROA), a basic yardstick of profitability, rose to 0.85 percent, from 0.63 percent a year ago.

Second-quarter loss provisions totaled $19 billion, less than half the $40.4 billion that insured institutions set aside for losses in the second quarter of 2010. However, net operating revenue (net interest income plus total noninterest income) was $3 billion (1.8 percent) lower than a year earlier, and realized gains on securities declined by $1.3 billion (61.1 percent).

Asset quality showed further improvement as noncurrent loans and leases (those 90 days or more past due or in nonaccrual status) fell for a fifth consecutive quarter. Insured banks and thrifts charged off $28.8 billion in uncollectible loans during the quarter, down $20.9 billion (42.1 percent) from a year earlier.

Financial results for the second quarter and the first half of 2011 are contained in the FDIC's latest Quarterly Banking Profile, which was released today. Also among the findings:

The number of institutions on the FDIC's "Problem List" fell for the first time in 19 quarters. The number of "problem" institutions declined from 888 to 865. This is the first time since the third quarter of 2006 that the number of "problem" banks fell. Total assets of "problem" institutions declined from $397 billion to $372 billion. Twenty-two insured institutions failed during the second quarter, four fewer than in the previous quarter, and the fewest since the first quarter of 2009. This is the fourth quarter in a row that the number of failures has declined. Through the first six months of 2011, there have been 48 insured institution failures, compared to 86 failures in the same period of 2010.

The Deposit Insurance Fund (DIF) balance was positive for the first time in two years. The DIF balance — the net worth of the fund — rose from a negative $1 billion to a positive $3.9 billion during the second quarter. The increase in the fund balance stemmed primarily from assessment revenues and fewer expected bank failures. The contingent loss reserve, which covers the costs of expected failures, fell from $13.8 billion to $10.3 billion during the quarter.

Loan portfolios grew for the first time in three years. Loan balances posted a quarterly increase for only the second time in the last 12 quarters. (The only other increase, in the first quarter of 2010, reflected the rebooking of securitized loans onto banks' balance sheets as a result of new accounting rules, not an actual increase in lending.) Total loans and leases increased by $64.4 billion (0.9 percent), as loans to commercial and industrial borrowers increased by $34.3 billion, auto loans rose by $9.7 billion, and credit card balances grew by $5.2 billion. Loans to other depository institutions increased by $27 billion (22.6 percent), reflecting growth in intra-company loans between related institutions.

Large institutions experienced sizable deposit inflows. Deposits in domestic offices increased by $234.4 billion (2.9 percent) during the quarter. Deposits in accounts with balances greater than $250,000 rose by $279.6 billion (8.8 percent). More than half of this increase ($161.8 billion or 57.9 percent) consisted of balances in large noninterest-bearing transaction accounts that have temporary unlimited deposit insurance coverage. The 10 largest insured banks accounted for 82 percent ($229 billion) of the growth in large-denomination deposits.

"Recent events have reminded us that the U.S. economy and U.S. banks still face serious challenges ahead," Acting Chairman Gruenberg concluded. "The FDIC will remain alert to these challenges going forward."

The complete Quarterly Banking Profile is available at http://www2.fdic.gov/qbp on the FDIC Web site.

Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 7,513 banks and savings associations, and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its operations.

#### Press Release #############################


 



#### Press Release #############################


Southern California Corporation Pleads Guilty Tax Evasion



Modified Plastics, Inc. (MPI), Santa Ana, California pled guilty to a single count involving the false corporate tax return ending November 30, 2003, but also admitted filing false tax returns for the fiscal years ending November 30, 2001 and November 30, 2002, with resulting total tax losses of approximately $337,007.

MPI filed amended corporate tax returns for the fiscal years ending November 30, 2001, November 30, 2002 and November 30, 2003 tax years to correctly report previously unreported income. MPI has paid $737,767 in taxes and penalties owed to the Internal Revenue Service as a result of the previously unreported income and the filing of amended tax returns.

The company also faces a statutory maximum fine of $500,000, or twice the tax loss resulting from the offense, and a term of probation for up to five years. Under the plea agreement, MPI has agreed not to contest terms of probation that require MPI to submit to unannounced examinations of its books and records by the IRS and/or probation officers designated by the Court, as well as questioning of knowledgeable individuals during the course of such examinations.

United States District Judge David O. Carter scheduled to sentence MPI on October 3, 2011.

According to the plea agreement, beginning at least as early as 2002 and continuing through approximately January 2005, MPI, through its certified public accountant and officers, engaged in activities designed to make it appear that the corporation's income was materially lower. These activities included: (1) causing MPI employees to issue fictitious third-party checks to individuals and entities that appeared to be doing business with MPI when, in reality, the payees on the fictitious third-party checks were not doing business with MPI and the checks were deposited and/or cashed by MPI's employees rather than the purported payees on the checks; (2) causing MPI to make payments for the construction and repair of a vacation home owned by shareholders of MPI and creating documentation for such payments that made it appear that the payments were for MPI's own business needs, rather than for the personal benefit of MPI's shareholders; (3) causing MPI to make payments for the personal vacations of MPI's shareholders and creating documentation for such payments that made it appear that the payments were for MPI's own business needs; and (4) causing officers of MPI to execute corporate income tax returns that materially under-reported the corporation's actual earnings.

The investigation and prosecution of MPI was conducted by IRS - Criminal Investigation, in conjunction with the United States Attorney's Office for the Central District of California.

#### Press Release ##############################

 

(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)|

#### Press Release ##############################

Tax Preparer gets 18 months plus pays IRS $170,005


Nestor Bermudez, 49, was sentenced by United States District Judge R. Gary Klausner for defrauding the IRS by preparing fraudulent tax returns was sentenced today to 18 months; 12 months to be served in federal prison followed by six months in home confinement, as well as ordered to pay the IRS restitution of $170,005.

Bermudez pleaded guilty in January 2011 to preparing and submitting to the IRS a false tax return in the name of another individual. In his plea agreement, Bermudez admitted that between January 2009 and April 2010, he agreed to prepare false and fraudulent tax returns seeking tax refunds in exchange for a fee of up to $500 per tax return. The returns were fraudulent in that they falsely reported filing status, income, and number of dependants and falsely claimed tax refunds based upon the earned income tax credit, child care credit and/or recovery rebate credit. The information reported on the tax returns, including filing status, amount of income, and number of dependants was necessary to determine whether any tax was due.

The 127 tax returns prepared by Bermudez consisted of 20 returns for calendar year 2007, seeking tax refunds totaling $18,334; 100 returns for calendar year 2008, seeking tax refunds totaling $127,002; and 7 returns for calendar year 2009, seeking tax refunds totaling $24,669. The filing of the above-referenced tax returns with the Internal Revenue Service resulted in the issuance of Treasury refund checks totaling $170,005.

The investigation and prosecution of Bermudez was conducted by IRS - Criminal Investigation in Los Angeles in conjunction with the United States Attorney’s Office for the Central District of California.

#### Press Release ##############################

[headlines]
--------------------------------------------------------------

Columbia, South Carolina -- Adopt-a-Dog


Apache

Labrador Retriever / Great Dane / Mixed (short coat)
Male (neutered)
YoungStatus: Available for Adoption (adoption info)
Adoption Fee: $150.00
Species: Dog
General Color: Black with White
Color: Black with White
Current Size: 40 Pounds
Current Age: 9 Months (best estimate)
Location: Columbia SC (803) 622-9813

Housetrained: Yes

Contact Apache's Caretaker/Foster Directly (see above)

Main Email CARE (caretadopt@gmail.com), (803) 622-9813

Apache is as sweet as they come. He's a big, gently baby who loves to be cuddled by someone. As far as he's concerned, he is a lap dog! Apache has eyes that will melt you; he is a stunningly beautiful dog. Apache was growing up on the streets with his sister and his mom. He is already housetrained and crate trained and leash trained and ready to go home with you. Submit your application today for a one in a million dog.

All dogs receive a distemper/parvovirus vaccine(s), kennel cough vaccine, rabies vaccine, dewormer, monthly heartworm prevention, microchip, and are spayed/neutered through CARE.

More about Apache

Good with Dogs, Good with Kids

Apache's sister, Seneca (available for adoption) can also be seen on our website.

Apache's mother, Cheyenne (available for adoption) can also be seen on our website.

Adopt-a-Pet by Leasing Co. State/City
http://www.leasingnews.org/Conscious-Top%20Stories/Adopt_Pet.htm

Adopt a Pet
http://www.adoptapet.com/


John Kenny Receivables Management
www.jrkrmdirect.com

• End of Lease Negotiations & Enforcement
• Fraud Investigation
• Credit Investigations
• Asset Searches
• Skip-tracing
• Third-party Commercial Collections

The Solution to Your Credit & Accounts Receivable Needs
John Kenny
315-866-1167 |  John@jkrmdirect.com

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)

 

 


News Briefs---

American Screw & Rivet Short $14.2 million in loans/leases
http://www.independentmail.com/news/2011/aug/22/court-identifies-142-million-missing-rivet-maker-a/?partner=yahoo_feeds

Sell Big or Die Fast --HP Gambles on Change
http://www.nytimes.com/2011/08/24/technology/technology-devices-either-sell-big-or-die-fast.html?ref=business

Wal-Martians
http://www.youtube.com/v/6RzcvFLPg1A?version=3%22%3E%3Cparam

 

 


You May Have Missed---

First World Wide Economic Panic this day 1857
http://memory.loc.gov/ammem/today/aug24.html

 

 



Sports Briefs----

Joe Montana: Be patient with 49ers' offensive revival
http://www.mercurynews.com/49ers/ci_18741508?nclick_check=1

49ers, SF police pledge crackdown at football games amid violence in which San Rafael man was beaten
http://www.marinij.com/marinnews/ci_18735061

Injured Giants fan Bryan Stow suffers setback in recovery; family issues statement about violence at 49ers-Raiders game
http://www.mercurynews.com/central-coast/ci_18742735

 

 


California Nuts Briefs---

Man dies in Yosemite plunge
http://www.sacbee.com/2011/08/23/3856983/man-dies-in-yosemite-plunge.html

Romney to quadruple La Jolla home size
http://www.signonsandiego.com/news/2011/aug/20/romney-home-in-la-jolla-to-grow/

Legendary Menlo-Atherton football coach Ben Parks dies
http://www.mercurynews.com/peninsula/ci_18737305


 


“Gimme that Wine”

Grape harvest under way in Sonoma County
http://www.pressdemocrat.com/article/20110822/ARTICLES/110829900/1350?Title=Grape-harvest-officially-begins-in-Sonoma-County

Four Sonoma County wineries caught serving minors in tasting rooms
http://www.sfexaminer.com/local/bay-area/2011/08/four-sonoma-county-wineries-caught-serving-minors-tasting-rooms

Russian River Vineyards files bankruptcy
http://www.pressdemocrat.com/article/20110815/BUSINESS/11081967

Chez Panisse's wines - a list that matches a legacy
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/08/21/FD9M1KP1GD.DTL&ao=2

French harvest bigger than 2010, says ministry
http://www.decanter.com/news/wine-news/529207/french-harves



Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/ 

Winery Atlas
http://www.carterhouse.com/atlas/\

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

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This Day in American History

    1675-Catholic holy orders were conferred by Gabriel Diaz Vara Calderon, Bishop of Santiago de Cuba, on a visit to St. Augustine, FL. Minor orders were conferred on seven candidates.
http://www.tfn.net/~mpna/prehistory.htm
http://www.oah.org/pubs/magazine/spanishfrontier/cowdrey-document.html
http://www.oah.org/pubs/magazine/spanishfrontier/mcewan.html
http://www.xxicentury.org/HCA/Tutorial/Tutorial_3.html
(see age of missions: )
http://www.vernonjohns.org/nonracists/jxfoundr.html
http://www.catholic-hierarchy.org/bishop/bdiazv.html
http://drbronsontours.com/staugustinetimeline.htm
    1676-The first court-martial in a colony was held in Newport, RI, by Governor Walter Clarke, Deputy Governor John Crayton and their assistants, Edmund Calvary, who was the attorney general. Quanpen, a Native American sachem, also known as Sowagonish, was found guilty of participation in King Philip’s War against the colonists and ordered shot on August 26. Others who had participated in the war were sentenced to various penalties.
    1682 - Duke James of York gave Delaware to William Penn.
    1682- The Duke of York awarded Englishman William Penn the three "lower counties" in the American colonies which later became the state of Delaware.
( lower half of: http://memory.loc.gov/ammem/today/aug24.html )
http://www.williampenn.org/
    1718- New Orleans was founded by French settlers from Canada and France. The Canadians, generally brought their wives and families with them. French officers, however, usually younger sons of nobility, refused to marry below their rank, inspiring the plea of one of the early governors to France: “Send me wives for my Canadians, they are running in the woods after Indian girls.” Thus Cajuns were born. By the way, Creole meant “native”, born in Louisiana and has nothing to do with race.
http://www.cajunculture.com/
    1814-British forces invaded and raided Washington, DC, for two days, burning the Capital, the president’s house and most other public buildings. President James Madison and other high US government officials fled to safety until British troops (not knowing the strength of their position as military is in disarray) departed the city two days later. They set on fire in retaliation for the American burning of the parliament building in York (Toronto), the capital of Upper Canada.
    1851-The San Francisco Committee of Vigilance broke down the jailhouse doors, kidnapped the prisoners, and hanged Whittaker and McKenzie from the second story of the Committee's rooms. Sam Brannan addressed the crowd after the hangings.
    1853 -- First potato chips prepared by Chef George Crum, Saratoga Springs, NY. Crum was a Native American/African American chef at the Moon Lake Lodge resort in Saratoga Springs, New York, USA. French fries were popular at the restaurant and one day a diner complained that the fries were too thick. Although Crum made a thinner batch, the customer was sill unsatisfied. Crum finally made fries that were too thin to eat with a fork, hoping to annoy the extremely fussy customer. The customer, surprisingly enough, was happy - and potato chips were invented! Crum's chips were originally called Saratoga Chips and potato crunches. They were soon packaged and sold in New England - Crum later opened his own restaurant. William Tappendon manufactured and marketed the chips in Cleveland, Ohio, in 1895. In the 1920s, the salesman Herman Lay sold potato chips to the southern USA (selling the chips from the trunk of his car). In 1926, Laura Scudder (who owned a potato chip factory in Monterey Park, California) invented a wax paper potato chip bag to keep the chips fresh and crunchy - this made potato chips even more popular.
http://www.history.rochester.edu/Scientific_American/mystery/crum.htm
http://home.howstuffworks.com/question579.htm
    1857—Major economic panic hits the United States.
http://memory.loc.gov/ammem/today/aug24.html
    1862 - The C.S.S. Alabama was commissioned at sea off Portugal's Azore Islands, beginning a career that would see over 60 Union merchant vessels sunk or destroyed by the Confederate raider. The ship was built in secret in the in Liverpool shipyards, and a diplomatic crisis between the US government and Britain ensued when the Union uncovered the ship's birth place.
    1869- Cornelius Swarthout of Troy, NY, was issued a patent for a “waffle iron.”
    1893 - Fire in the south of Chicago left 5,000 people homeless.
    1895-Birthday of Carol Weiss King, attorney who specialized in outstanding legal briefs. Primarily a researcher, her briefs were argued by other attorneys before the U.S. Supreme Court in at least a dozen major cases that changed immigration laws and deportation regulations as well as the civil rights of those accused of criminal acts, such as the right of a fair trial before a fair jury in one of the Scottsboro Boys appeals.
    1897--birthday of Charles Dudley Warner, American newspaper editor for the Hartford Courant, published this now-famous and oft-quoted sentence, "Everybody talks about the weather, but nobody does anything about it. " The quotation is often mistakenly attributed to his friend a colleague Mark Twain. Warner and Twain were part of the most notable American literary circle during the late 19th century. Warner was a journalist, essayist, novelist, biographer and author who collaborated with Mark Twain in writing "The Gilded Age" in 1873.
    1906 - A cloudburst deluged Guinea, VA, with more than nine inches of rain in just forty minutes.
    1909- Sax player Paul Webster birthday (Jazz Trumpeter, in Jimmy Lunceford's orchestra 35-43 and with Cab Calloway 44-52)
    1912- parcel post service was authorized. Previously the weight limit of mail had been four pounds. The rates of the parcel post service depended upon the weight of the package and the distance traveled. This was a boon to mail order catalogues and
to people living in the rural area.
    1925-Birthday of pianist Louis Teicher (Ferrante and Teicher,) composer, born Wilkes-Barre, Pa.
    1932 - Amelia Earhart became the first woman to fly across the U.S. non-stop.
    1932- Charles H. Calhoun, Sr. and Jr., at the third hole of the Washington Golf Club, Washington, GA, while playing with a foursome, both shot a hole in     1939 - Louis "Lepke" Buchalter, leader of Murder, Incorporated, turned himself in to New York City columnist Walter Winchell; who turned the underworld leader in to FBI Director J. Edgar Hoover.
    1943 - No. 1 Billboard Pop Hit: ``In the Blue of the Evening,'' Tommy Dorsey Orchestra/Frank Sinatra.
    1944--- Germany Army by now has sustained 400,000 men killed, wounded or captured, plus 1,300 tanks, 1,500 artillery, and 3,500 aircraft destroyed.
    1945-BACON, NICKY DANIEL Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, Company B, 4th Battalion, 21st Infantry, 11th Infantry Brigade, Americal Division. Place and date: West of Tam Ky, Republic of Vietnam, 26 August 1968. Entered service at: Phoenix, Ariz. Born: 25 November 1945, Caraway, Ark. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. S/Sgt. Bacon distinguished himself while serving as a squad leader with the 1st Platoon, Company B, during an operation west of Tam Ky. When Company B came under fire from an enemy bunker line to the front, S/Sgt. Bacon quickly organized his men and led them forward in an assault. He advanced on a hostile bunker and destroyed it with grenades. As he did so, several fellow soldiers including the 1st Platoon leader, were struck by machine gun fire and fell wounded in an exposed position forward of the rest of the platoon. S/Sgt. Bacon immediately assumed command of the platoon and assaulted the hostile gun position, finally killing the enemy gun crew in a single-handed effort. When the 3d Platoon moved to S/Sgt. Bacon's location, its leader was also wounded. Without hesitation S/Sgt. Bacon took charge of the additional platoon and continued the fight. In the ensuing action he personally killed 4 more enemy soldiers and silenced an antitank weapon. Under his leadership and example, the members of both platoons accepted his authority without question. Continuing to ignore the intense hostile fire, he climbed up on the exposed deck of a tank and directed fire into the enemy position while several wounded men were evacuated. As a result of S/Sgt. Bacon's extraordinary efforts, his company was able to move forward, eliminate the enemy positions, and rescue the men trapped to the front. S/Sgt. Bacon's bravery at the risk of his life was in the highest traditions of the military service and reflects great credit upon himself, his unit, and the U.S. Army.
    1947-- Margaret Truman, daughter of U.S. President Harry S Truman, presented her first public concert. Margaret sang before 15,000 people at the Hollywood Bowl. The concert did not get great reviews. In fact, the critics didn’t like Margaret’s singing at all. And Margaret’s dad didn’t like the critics, and said so, from the White House.
    1949--Birthday of American composer Stephen Paulus, St. Paul, MINN.
http://profile.myspace.com/index.cfm?fuseaction=user.viewprofile&friendid=122300973
    1950-- US President Harry Truman orders the Army to take over the railroads to stop a possible strike.
    1950- Edith Spurlock Sampson, the first African-American delegate to the United Nations when she was appointed alternate delegate to the fifth General Assembly. Her first assignment, on September 28, 1950, was to the Social, Humanitarian and Cultural Committee.
http://www.aaregistry.com/african_american_history/399/
Edith_Sampson_was_a_steel_city_judge

    1950-HANDRICH, MELVIN O. Medal of Honor
Rank and organization: Master Sergeant, U.S. Army, Company C, 5th Infantry Regiment. Place and date: Near Sobuk San Mountain, Korea, 25 and 26 August 1950. Entered service at: Manawa, Wis. Born: 26 January 1919, Manawa, Wis. G.O. No.: 60, 2 August 1951. Citation: M/Sgt. Handrich, Company C, distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action. His company was engaged in repulsing an estimated 150 enemy who were threatening to overrun its position. Near midnight on 25 August, a hostile group over 100 strong attempted to infiltrate the company perimeter. M/Sgt. Handrich, despite the heavy enemy fire, voluntarily left the comparative safety of the defensive area and moved to a forward position where he could direct mortar and artillery fire upon the advancing enemy. He remained at this post for 8 hours directing fire against the enemy who often approached to within 50 feet of his position. Again, on the morning of 26 August, another strong hostile force made an attempt to overrun the company's position. With complete disregard for his safety, M/Sgt. Handrich rose to his feet and from this exposed position fired his rifle and directed mortar and artillery fire on the attackers. At the peak of this action he observed elements of his company preparing to withdraw. He perilously made his way across fire-swept terrain to the defense area where, by example and forceful leadership, he reorganized the men to continue the fight. During the action M/Sgt. Handrich was severely wounded. Refusing to take cover or be evacuated, he returned to his forward position and continued to direct the company's fire. Later a determined enemy attack overran M/Sgt. Handrich's position and he was mortally wounded. When the position was retaken, over 70 enemy dead were counted in the area he had so intrepidly defended. M/Sgt. Handrich's sustained personal bravery, consummate courage, and gallant self-sacrifice reflect untold glory upon himself and the heroic traditions of the military service.
    1951---Top Hits
Too Young - Nat King Cole
Because of You - Tony Bennett
My Truly, Truly Fair - Guy Mitchell
Hey, Good Lookin’ - Hank Williams
    1951- St. Louis Browns owner Bill Veeck, one of baseball’s greatest showmen, allowed fans attending a game against the Philadelphia Athletics to participate in the strategy decisions normally made by the team’s manager. More than 1,000 fans were given cards reading ”YES” and “NO: and were asked to vote on what the Browns should do at various point sin the tame. It worked; St. Louis won, 5-3. With the advent of Palm Pilots, Blackberry, and the internet, guess what Bill Veeck could do today.
    1956--- Little Richard plays the Cotton Club in Lubbock, TX, making an indelible impression on audience member Buddy Holly.
    1957- The Dodgers use eight pitchers in one game tying a major league record. Johnny Podres gives up three home runs in the third including Hank Aaron's first grand slam.
    1957 - No. 1 Billboard Pop Hit: ``Tammy,'' Debbie Reynolds. The song is featured in the film ``Tammy and the Bachelor'' and is nominated for an Academy Award.
    1959- A headline in Billboard reads, "Rock and Roll Ain't Ready For The Ol' Rockin' Chair Yet." The story says rock & roll was losing popularity a year ago, but the record buyers now like Elvis Presley, Fats Domino and Lloyd Price along with newcomers, the Drifters, Everly Brothers and Ricky Nelson.
    1959- Phil Phillips' "Sea Of Love" hits #2 on the pop charts.
    1959---Top Hits
The Three Bells - The Browns
Sea of Love - Phil Phillips
Lavender-Blue - Sammy Turner
Waterloo - Stonewall Jackson
    1959-The Browns, who were Jim Brown and his sisters Maxine and Bonnie, had the top tune in the US with "The Three Bells". The record is an English version of a French song originally titled "Les Trois Cloches", written in 1945.
    1960-Birthday of Calvin Edward “Cal” Ripken,Jr., former baseball player, born Havre de Grace, MD.
    1961 - No. 1 Billboard Pop Hit: ``Wooden Heart (Muss I Denn),'' Joe Dowell. The song is a cover of a song Elvis Presley sang in the film ``G.I. Blues.''
    1963- Little Stevie Wonder is the first artist to make the Number One position on the pop single chart, the pop albums chart and the R&B singles chart all at one time. In fact, nobody had made the pop single and album charts at the same time. The music from "Wonder World" is the album, "The Twelve Year- Old-Genius" and the single, "Fingertips, Part Two."
    1963 -The Little League World Series is televised for the first time . With ABC's Wide World of Sports providing coverage of the championship game, Grenada Hills (CA) beats Stratford (CT), 2-1.
    1963-After a couple of flop singles for smaller record companies, The Ronettes scored their only Top Ten hit with their first effort for Phil Spector, "Be My Baby". None of their other records, including "Baby I Love You", "The Best Part of Breaking Up", "Walking In the Rain" and "Is This What I Get for Loving You?" could crack the US Top 20.
    1963-Darlene Love's biggest solo hit, "Wait Til' My Bobby Gets Home" enters the Billboard chart, where it will top out at #26. She had greater success when she sang for The Crystals, The Blossoms and Bob B. Soxx And The Blue Jeans.
   1963-Stevie Wonder became the first artist ever to score a US #1 album and single in the same week. Wonder was at the top of the album chart with "Little Stevie Wonder / The 12 Year Old Genius" and had the #1 single with "Fingertips part 2", which was also the first ever live recording to lead the hit parade.
    1964-- Taking him up on his telegram invitation to help out in any way he can in America, Beatles manager Brian Epstein meets Elvis Presley manager "Colonel" Tom Parker for the first time when they have lunch at the Beverly Hills Hotel.
    1964- "Where Did Our Love Go?" by the Supremes topped the charts and stayed there for 2 weeks.
    1966 - The U.S. premiere of the motion picture Help!, starring The Beatles, was held for thousands of moviegoers wanting to see the group’s first, color, motion picture. Their first film, A Hard Day’s Night, had been produced in black and white.
    1967- Patti Harrison convinces her husband George and the rest of the Beatles to attend a lecture at the Park Lane Hilton given by Maharishi Mahesh Yogi. They go and send a note to him requesting a private audience. In the meeting, the Beatles offer themselves as disciples. He accepts and invites them to an indoctrination course for spiritual regeneration two days later. They attend along with Mick Jagger and his girlfriend Marianne Faithfull. Brian Epstein is invited but declines. Afterwards, John Lennon compares the experience as "going somewhere without your trousers."
    1967---Top Hits
All You Need is Love - The Beatles
Pleasant Valley Sunday - The Monkees
Baby I Love You - Aretha Franklin
I’ll Never Find Another You - Sonny James
    1967-Big Brother and the Holding Company, Bo Diddley,Bukka White, and Salvation Army Banned @ The SF Avalon Ballroom
Original Poster by Bob Fried
http://images.wolfgangsvault.com/images/catalog/thumb/FD077-PO.gif
    1967-Keith Moon, drummer for the Who, drives his Lincoln Continental (not a Rolls Royce, as is often thought), into the swimming pool at the Holiday Inn in Flint, MI to celebrate his 21st birthday, earning the entire band a lifetime ban from the chain.
    1967-DAY, GEORGE E. Medal of Honor
Rank and organization: Colonel (then Major), U.S. Air Force, Forward Air Controller Pilot of an F-100 aircraft. Place and date: North Vietnam, 26 August 1967. Entered service at: Sioux City, Iowa. Born: 24 February 1925, Sioux City, Iowa. Citation: On 26 August 1967, Col. Day was forced to eject from his aircraft over North Vietnam when it was hit by ground fire. His right arm was broken in 3 places, and his left knee was badly sprained. He was immediately captured by hostile forces and taken to a prison camp where he was interrogated and severely tortured. After causing the guards to relax their vigilance, Col. Day escaped into the jungle and began the trek toward South Vietnam. Despite injuries inflicted by fragments of a bomb or rocket, he continued southward surviving only on a few berries and uncooked frogs. He successfully evaded enemy patrols and reached the Ben Hai River, where he encountered U.S. artillery barrages. With the aid of a bamboo log float, Col. Day swam across the river and entered the demilitarized zone. Due to delirium, he lost his sense of direction and wandered aimlessly for several days. After several unsuccessful attempts to signal U.S. aircraft, he was ambushed and recaptured by the Viet Cong, sustaining gunshot wounds to his left hand and thigh. He was returned to the prison from which he had escaped and later was moved to Hanoi after giving his captors false information to questions put before him. Physically, Col. Day was totally debilitated and unable to perform even the simplest task for himself. Despite his many injuries, he continued to offer maximum resistance. His personal bravery in the face of deadly enemy pressure was significant in saving the lives of fellow aviators who were still flying against the enemy. Col. Day's conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty are in keeping with the highest traditions of the U.S. Air Force and reflect great credit upon himself and the U.S. Armed Forces.
    1968 - Lightning struck the Crawford County fairgrounds in northwest Pennsylvania killing two persons and injuring 72 others.
    1968-Steppenwolf's "Born To Be Wild" hits #2 on the pop chart.
    1969--ANDERSON, RICHARD A. Medal of Honor Rank and organization: Lance Corporal, U.S. Marine Corps, Company E, 3d Reconnaissance Battalion, 3d Marine Division. Place and date: Quang Tri Province, Republic of Vietnam, 24 August 1969. Entered service at: Houston, Tex. Born: 16 April 1948, Washington, D.C. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as an assistant team leader with Company E, in connection with combat operations against an armed enemy. While conducting a patrol during the early morning hours L/Cpl. Anderson's reconnaissance team came under a heavy volume of automatic weapons and machine gun fire from a numerically superior and well concealed enemy force. Although painfully wounded in both legs and knocked to the ground during the initial moments of the fierce fire fight, L/Cpl. Anderson assumed a prone position and continued to deliver intense suppressive fire in an attempt to repulse the attackers. Moments later he was wounded a second time by an enemy soldier who had approached to within 8 feet of the team's position. Undaunted, he continued to pour a relentless stream of fire at the assaulting unit, even while a companion was treating his leg wounds. Observing an enemy grenade land between himself and the other marine, L/Cpl. Anderson immediately rolled over and covered the lethal weapon with his body, absorbing the full effects of the detonation. By his indomitable courage, inspiring initiative, and selfless devotion to duty, L/Cpl. Anderson was instrumental in saving several marines from serious injury or possible death. His actions were in keeping with the highest traditions of the Marine Corps and of the U.S. Naval Service. He gallantly gave his life in the service of his country.
By virtue of an act of Congress approved 24 August 1921, the Medal of Honor, emblem of highest ideals and virtues is bestowed in the name of the Congress of the United States upon the unknown American, typifying the gallantry and intrepidity, at the risk of life above and beyond the call of duty, of our beloved heroes who made the supreme sacrifice in the World War. They died in order that others might live (293.8, A.G:O.) (War Department General Orders, No. 59, 13 Dec. 1921, sec. I).     1969-Three-day Wild West Festival at Kezar Stadium with Janis Joplin, Turk Murphy, Jefferson Airplane, the Dead, Country Joe, Santana, Sly and the Family Stone and the Youngbloods.
   1969-Arlo Guthrie's movie, Alice's Restaurant opens in New York and Los Angeles.
   1969-John Lennon writes "Cold Turkey", a song about kicking his heroin addiction. He rehearsed the song all afternoon and recorded it that evening with the help of Ringo Starr and Klaus Voorman. When it was released, critics hated it and the BBC refused to play it, yet somehow it still made the UK Top 20 and the US Top 30.
    1970- "Make It with You" by Bread topped the charts and stayed there for a week.
    1971- Ernie Banks hits his final home run of his career as the Cubs beat the Reds, 5-4. Mr. Cub's 512th home run comes in the first inning off Jim McGlothin.
    1971 -- Illinois State Attorney Edward Hanrahan and 13 police officers and police officials are indicted on charges of conspiring to obstruct justice by attempting to thwart criminal prosecution of 8 Chicago patrolmen who raided the apartment of Fred Hampton. This follows August 21 when Panther George Jackson is killed in San Quentin prison during an abortive breakout attempt (three prisoners and three guards are killed in the attempt. Six prisoners are subsequently put on trial for the incident (Fleeta Drumgo, David Johnson, Hugo L.A. Pinell (Yogi), Luis Talamantez, Johnny Spain, and Willie Sundiata Tate). Spain was convicted of murder. The others were either acquitted or convicted of assault. In a side to this story: white attorney Stephen M. Bingham is officially charged with murder in deaths of 2 convicts and 3 guards at San Quentin. Bingham is charged with smuggling guns to George Jackson used in a August 21, 1971 San Quentin breakout attempt. Bingham subsequently flees the country, returning in 1984 to face charges. He was acquitted of murder and conspiracy in 1986.
http://www.sfgate.com/cgi-bin/article.cgi?f=/chronicle/archive/2001/08/19/CM145760.DTL
    1973 - No. 1 Billboard Pop Hit: ``Brother Louie,'' Stories.
    1974- Santana's "Greatest Hits" LP enters the charts.
    1975---Top Hits
Fallin’ in Love - Hamilton, Joe Frank & Reynolds
One of These Nights - Eagles
Get Down Tonight - K.C. & The Sunshine Band
Rhinestone Cowboy - Glen Campbell
    1975 - Los Angeles Dodger Davey Lopes set a major league baseball record when he stole his 38th consecutive base. It was in the 12th inning of a game against the Montreal Expos that Lopes got his famous steal. The Dodgers still lost in 14 innings, 5- 3.
    1978- Bruce Springsteen appears on the cover of "Rolling Stone."
    1979- The Cars perform at New York's Central Park for an audience of a half million people
    1981 - Mark David Chapman was sentenced from 20 years to life imprisonment for his self-admitted murder of former Beatle John Lennon.
    1985 - Huey Lewis and The News reached the top of the charts with "The Power of Love". The song spent 2 weeks at #1 on the "Billboard Hot 100".
    1983---Top Hits
Every Breath You Take - The Police
Sweet Dreams (Are Made of This) - Eurythmics
She Works Hard for the Money - Donna Summer
Love Song - The Oak Ridge Boys
    1985-Dwight Gooden of the New York Mets became the youngest pitcher to win 20 games in a season. Gooden defeated the san Diego Padres, 9-3. He was 20 years, nine months and nine days old.
    1987 - Autumn-like weather prevailed across the north central and northeastern U.S. Seven cities reported record low temperatures for the date, including Saint Cloud MN with a low of 37 degrees. Temperatures in Florida soared to 98 degrees at Pensacola and 99 degrees at Jacksonville. Thunderstorms produced heavy rain in the Southern High Plains Region, with 5.40 inches at Union NM, and 7.25 inches reported west of Anthony NM
    1987- "Who's That Girl" by Madonna topped the charts and stayed there for a week
    1987-Donny Osmond released "I'm In It For Love", his first single in 10 years. The record did not crack the Billboard Top 40, but Donny would be back with "Soldier Of Love", which reached #2 in 1989.
   1987 - Autumn-like weather prevailed across the north central and northeastern U.S. seven cities reported record low temperatures for the date, including Saint Cloud MN with a low of 37 degrees. Temperatures in Florida soared to 98 degrees at Pensacola and 99 degrees at Jacksonville. Thunderstorms produced heavy rain in the Southern High Plains Region, with 5.40 inches at Union NM, and 7.25 inches reported west of Anthony NM.
    1989-Pete Rose is banned from baseball for life by Commissioner Giamatti for gambling. The Reds' manager signs a five-page agreement with Giamatti in which he agrees to a lifetime penalty but does not admit to gambling on the national pastime.
    1991- Tom Petty and the Heartbreakers' "Learning To Fly" hits #28 on the pop singles chart.
    1991---Top Hits
(Everything I Do) I Do It for You - Bryan Adams
It Ain’t Over ’Til It’s Over - Lanny Kravitz
Fading Like a Flower (Every Time You Leave) - Roxette
You Know Me Better Than That - George Strait
    1992- "End of the Road (From Boomerang)" by Boyz II Men topped the charts and stayed there for 13 weeks.
    1996-The New York Yankees dedicated a monument to the late Mickey Mantle at Monument Park in Yankee Stadium. The new monument joined three others honoring Babe Ruth, Lou Gehrig and Miller Huggins. Mantle died August 13,1995.
    1999- Mariner Ken Griffey Jr. joins Babe Ruth, Ralph Kiner, Duke Snider, Ernie Banks, Harmon Killebrew and Mark McGwire as the only players to hit 40 homers in four consecutive seasons.
    2007-- Mark Lindsay of Paul Revere and the Raiders opens Mark Lindsay's Rock And Roll Cafe in his native Portland, OR.
    2008-- Scoring at least one run in every inning, Hawaii wins the Little League World Series beating Mexico, 12-3. To advance to the championship game, Waipahu scored six runs in the last inning (sixth), overcoming a four-run deficit, to beat Lake Charles, Louisiana in the semi-finals, 7-5.

[headlines]

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SuDoku

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?

http://leasingnews.org/Soduku/soduko-main.htm

[headlines]

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Daily Puzzle

How to play:
http://www.setgame.com/set/puzzle_frame.htm

Refresh for current date:
http://www.setgame.com/set/puzzle_frame.htm

[headlines]

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http://www.gasbuddy.com/
http://www.gasbuddy.com/GB_Map_Gas_Prices.aspx
http://www.gasbuddy.com/GB_Mobile_Instructions.aspx

[headlines]

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Weather

See USA map, click to specific area, no commercials

http://www.weather.gov/

[headlines]

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Traffic Live---

Real Time Traffic Information

You can save up to 20 different routes and check them out with one click,
or type in a new route to learn the traffic live

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

[headlines]

Independent, unbiased and fair news about the Leasing Industry.

 

Ten Top Stories each week chosen by readers (click here)

 

Features


Adopt a Pet
Bank Beat
Career Crossroads
Cartoons
Charlie Chan sayings
Computer Tips
Employment Web Sites
Fernando's Review
From the Desk of Michael Witt, Esq.
Leasing 102
Online Newspapers
Placards
Sales Make it Happen
The Secret of Our Success
To Tell the Truth
View from the Top
 

Editorials (click here)


Top Stories

(chronological order)

- Dwight Galloway's RLC Funding Up and Running---but California
- Responses to Working with a Smaller Bank Question
- Leasing Gypsies
- Depping Secedes from the Government Banking Regulators
- NorVergence’s Tom Salzano on Trial in Louisiana
- Dwight Galloway's RLC Funding Up and Running---but California
- Responses to Working with a Smaller Bank Question
- Sheldon Player et. al. Back to the IRS
- More on Chase Industries Embezzlement
- New Jersey Bankruptcy Court Slams Lender for Usury

     by Thomas E. McCurnin & Frank Peretore
- Ed Castagna's InPlaceAuction joins
     On Line Equipment Auction List
- President and CFO of HL Leasing Found Liable Ponzi scheme
- Steve Hudson Back on the Lease Hunt
  Is He Coming to the United States?
- President and CFO of HL Leasing Found Liable Ponzi scheme
- Where in the World is Loni Lowder of ACC Capital?
- Leasing hiring index falls in Q2 after six straight quarters of growth
- More on Brendan Messenheimer Sentencing
  CFA to Merge with NFA
- Tom Price/Hyun Um $200/$400 Million BK
   with charges of Scam
- Somehow I missed our “On Line” Anniversary
- Shawn Halladay Explains More on Ending of Leverage Leasing
- IASB 'on way' to being global accounting standard
- Menzel in his own words admits policy on Evergreen Clauses
- Companies who notify lessee in advance of lease expiration
  and require their discounter to also notify lessee in advance
- "The courts define what is fraud, not you or anyone else”
   by Bernie Boettigheimer, CLP
- Hugh Swandel Joins Leasing News Advisory Board
- Leasing CFO Pleads Guilty $1.2 million embezzlement
- John Torbenson Celebrates 43rd Year in Leasing business
- How Much Can A FREE Repossession Cost?
- Marlin with 97 Salesmen Still Relies on Evergreen for Profit
- Newport Financial Partners, Newport Beach, California
   Bulletin Board Complaint
- Add Wisconsin to Notification Requirement Evergreen
- Crit DeMent---May Be Turning a New Leaf
- California Licenses and Checking Them
- Automatic Renewals: The States Respond
  by Barry Marks, Esq.
- C&J Leasing Convicted $8 million Lease Discount Scheme
  Day Trading Lead to his Demise
-
QuikTrak and others now being sued
- "Vendor Verification" hits Pay dirt on First Inspection
- Balboa Capital : Court Bypasses Lessor's Forum Clause
   as a Result of Forgery
- Unlicensed Lender & Securitization Partners get tagged for Usury
- Direct Capital Releases FinanceQuote App to Simplify Vendor Finance
- Caution! Look Out for Vendors!
- Royal Links Appeal Rules Back to Trial
   by Tom McCurnin
- More Top Leasing Web Sites
- Top Ten Cities with the Highest Credit Scores
- OneSource Develops Business License Software
- Talk About Chutzpa, Fanghella has more than Trump
- Allied Health Care Services Charles K. Schwartz Pleads Guilty
- Richest Man in Leasing: Steven Udvar-Hazay
- From Zero to over $450 Million in One Year
- License Up-Date for Leasing in United States
- Loan/Lease Statute Up-Date
- Church Kiosk Fray---Comes back to bite Balboa on the...
- Brican America---Update
- Vaughn Indicted for defrauding banks, leasing companies
- Wildwood employees get prison for Leasing Ponzi scheme
- Operation Lease Fleece---2011 Update
- IFC Credit Corporation BK—Up-date
- De Lage Landen: A Teachable Moment by Bernie Boettingheimer, CLP
- Leasing News Position on Evergreen and Winter Green Leases
- I should have called Lease Police!
   by Christopher Menkin
- PinnFund/PinnLeasing Michael Fanghella Out of Jail Seeks $150,000 Job
- Three Class Action Suits re: Brican America
- Verifying Tax Returns
- Starting a Leasing Company-Four Parts
   by Mr. Terry Winders, CLP
- Free Mobile Wine Program
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?

   The use of “Equipment Finance Agreements”
- Special Report: Part II
    Bank of the West

   Equipment Lease Agreement (EFA)
- California License Web Addresses