Atlanta, GA.
VP Credit/Operations/Sr. Credit Officer. 15yrs exp. in equipment leasing. Strong financial analysis and management skills. Experience developing and maintaining profitable customer/vendor relationships.
Email: credops@msn.com

Atlanta, GA.
Senior Credit Officer in middle-market equip. finance, vendor, 3rd party, specialty, flow credit to the fortune 1000. Team builder, originations capable, strong work ethic, ability to multi-task.
Email: kyletrust@hotmail.com

Atlanta, GA.
10 yrs experience in credit/collections/recovery/documentation in the leasing industry. P&L responsibility, team builder & strong portfolio mgnt skills.
email: mortimerga@adelphia.net

Boston, Ma.
Challenging position where my skills, professional experience, organization, leadership, strategic thinking, creativity, energy, passion, competitive nature will enable me to define opportunities and personal development.
Email: bernd.janet@verizon.net

Corona, CA.
VP credit Consumer Credit prime/sub prime Auto lending/leasing/mortgages. 20+yrs exp. If you are looking for someone to affect the bottom line I am that person. Will relocate.
Email: amosca2000@yahoo.com

Fort Lee NJ
3 Years Experience. Looking in NJ/NY.
Email: angitravis@mail.com

Credit: Irvine, CA,
I have over 16 years of Credit/Collection experience in the finance industry. Prompt results, extremely effective and knowledgeable, professional, excellent manager and team player.
Email: newportresources@sbcglobal.net

Los Angeles, CA
Over 15 years experience in Credit/Operations with Small Ticket and transactions up to $500,000.00. CLP, with excellent relationships with most major lenders.
Email: jonbh123@earthlink.net

Mill Valley, CA
Senior corporate officer with financial services credit background. M and A, fund raising and workout expertise.
Email: nywb@aol.com

New Jersey, NJ
Credit Analyst with 10+ years experience in small-ticket lending up to $500,000. Experience with both vendor-direct and with brokers.
Email: b.leavy@worldnet.att.net

New York, NY.
V.P. Credit & Collections w/23 years exp.looking for a situation where I can utilize my varied & extensive knowledge of credit/collections/risk-management & leasing.
Email: rcouzzi@yahoo.com

New York, NY
3+ years of leasing credit / contracts experience. Currently in the leasing industry and moving to NY! Exp. working at both funding source and broker. Email: lease4you@mail.com

Orange, CA.
15 years exper., looking for a new home. Have handled both middle/ large ticket transaction, plus muni & international finance.
email: equiplender@aol.com

Senior Credit Officer experienced in middle-market leasing; structured, vendor and 3rd party to the fortune 1000. Proactive team builder, originations capable with strong work ethic.
Email: kyletrust@hotmail.com

SFBI Recruiters

Need:
- Need fast turn around?
- Need a base salary and a good comp plan?
- Do you need competitive rates ?
- Need personalized expert service for   your vendors?
- Sales Reps w medical leasing vendors   needed nationally.
- Sales Reps w Specialty Trucking vendors   needed nationally!

Contact: Fred St Laurent, SFBI Professional Recruiting. Email: Fred@sfbirecruiter.com

www.sfbirecruiter.com

Wanted: Energetic, self-motivated outside sales professional in Pacific NW.
For full job description go to http://www.dolsenleasing.com/Careers.cfm

In business since 1958, DLC is an independent funding source servicing the $10K-250K market in 11 western states.

www.dolsenleasing.com

Tax Manager

Tax Manager

Seeking Tax Manager for Marshall, MN Headquarters. Responsible for management of USBancorp small ticket leasing division for a multi - billion dollar portfolio including oversight of compliance with all sales, use, rental, property, excise and miscellaneous taxes pertaining to the business of leasing. Four-year college/ university degree; or 2-4 years related work exp. and/or training; or equivalent combination of education and experience.

For complete description and application, click here.

www.usbank.com

Partners Equity Capital Corp (PECC) Horsham, Pennsylvania (6/05) Marc Donahue, Senior Vice President Marketing, "CP conduit will most likely be announced in the Sep/Oct time frame.” (6/05) Martin Babicki, Executive Vice President Risk/Operations NorVergence “Equipment Rental Agreement” deposition reveals there were about 636 leases (p. 51), 482 of which were not paying (p. 52) and 393 were in suit (p. 52) as of Jan. 6, 2005. Only 25 were continuing to pay, which may have been involved in the Weir Class Action Suit. In addition, there was a $175,000 lease direct to the NorVergence Corporation itself, which may have been a "sale/leaseback." As important, to make this decision, there appears to be no personal guarantee, as per the deposition of Martin Babicki, who also testified he did not know if financial statements were obtained. It was obvious the company had a close relationship with NorVergence officers. Copy of Depostion: http://www.leasingnews.org/items/Babicki_depo_%20in_Florida.doc (5/05) Chairman/CEO Don Campbell new bank line coming in June. (5/05)Evan Wilkoff appointed vice president of finance and treasurer. (4/05) Chairman/CEO Don Campbell says company strong despite rumors of major losses due to NorVergence leases. New bank line coming, soon, papers being signed, he says.

Tyco ( 6/05) Dennis Kozlowski Guilty at Tyco Trial No. 2 (10/03) Trial starts, video's, excess spending, poor taste, many supermarket magazine headlines including affair with party organizer while married. http://www.usatoday.com/money/industries/manufacturing/ 2003-10-28-tyco-party-video_x.htm (7/2002) The 200 Million share offering, led by Goldman Sachs and Lehman Brothers went out at $23 each. Tyco Intl in a bid to ease its heavy debt load, raised $4.6 billion from the sale of its CIT Group, accepting half of what it paid for the finance Company a year ago. (For more information see CIT Group - Alphabetical list)

Boullioun Aviation Services , Seattle, Wash.(6/05)the Seattle-based aircraft leasing company, which provides commercial airliners on operating leases to a variety of carriers worldwide, since 2001, sold to Aviation Capital Group for U.S. $2.65 billion.

DVI, Philadelphia (6/05) FBI reportedly Investigating DVI officers (01/05) BK Trustee Seeking “Vendor Payments” 90 Days, meaning deals funded within last 90 days before bankruptcy, also going after broker commissions paid during this time period. (5/2004) Fitch Ratings places certain classes of DVI, Inc. equipment transactions on Rating Watch Negative DVI (4/2004) the bankrupt Jamison medical finance company, loaned its chief executive more than $500,000 - and loaned another senior executive $150,000, and creditors want the loans repaid. (12/03) The U.S. District Court entered an order appointing Cedar Street Group as lead plaintiffs, and Krislov & Associates, Ltd. as lead attorney in the securities class actions brought against DVI, Inc.'s former chief executive officer, Michael A. O'Hanlon, and chief financial officer, Steven R. Garfinkel, and DVI's former lead underwriter, Merrill Lynch & Co. Claims against DVI, Inc. (DVI or Company) are currently stayed due to its Chapter 11 filing. (9/03) Suit Filed Against Former Senior Executives of DVI as law suits galore appear (8/03) starts cutting employees, half let go, close to 200 now (8/03) DVI files BK (8/03) Leasing News insiders say deals not being funded, real problems, company most likely will file bankruptcy, major problems. (12/2000 out of broker )

Equipment Finance Group , Fresno, Ca.(6/05) 1992 company founder Ken Wheeler says 300 laptops stolen, also hit by phony checks, reasons for complaints about time involved in processing leases and paying vendors, other problems were due to his illness, denies that operation manager Steve Davis is really his son Sean Wheeler. From a telephone call to his house, Sean said that he thought his father would hire him, if he wanted to get back into the equipment leasing business, but at the present time was unable to do so. He reads Leasing News, from time to time, he said, and that is basically the extent of his involvement in the leasing industry today.

Blue Dot Funding , Irvine, Ca. (6/05) the fourth company acquired by IFC Credit Corporation in as many years. Earlier, the company acquired Pioneer Capital Corporation, Addison, Texas, First Portland Corporation dba FirstCorp, Portland, Oregon and Spectrum Medical Leasing, Inc., Downers Grove, Illinois. Blue Dot Funding LLC was formed in 1999, and provides equipment leasing services to small and mid-size businesses referred to the company by equipment suppliers through formal vendor financing programs.

Summit National , Illinois (6/05) an early leader of leasing equipment software files bankruptcy. Widow of founder charges not be paid, company has only $100 in bank, two employees, Ken Duffy, Sr., and Jr., fight over rights to software. More to the filing and perhaps in next few months more of the reasons for the bankruptcy will be reveled via another court room drama. Stay tuned.

LeaseForum , Inc. (6/05) An on-line leasing company since 1998 with Susan Franklin as CEO. Web site down, inquiries to readers gets no response.

Leaseloan.com (6/05) an on-line leasing company since 1999 with Nick Pullen as CEO. Web site down, inquiries to readers gets no response.

Leaseusa.com (6/05) an on-line leasing company, and their web site says the name is up for sale.

NorVergence, New Jersey (6/05) FTC Asks for $181 Million NorVergence default judgment plus to negate other AG settlements for full amount; hearing set for July 18, 2005. We were criticized for calling this a “soap opera,” but it truly is, except no love interest. http://www.leasingnews.org/archives/June%202005/6-28-05.htm#norv (6/05) Attorney Green to file Appeal on NorVergence Class Action Denial (6/05) Add Massachusetts to Illinois and Texas dismissing all NorVergence leases because BK receiver failed to appear in court (6/05) Florida AG case thrown out of court, next day, he appeals it. (5/05) $23 million more in settlements (5/05) GE and CIT make settlements in other states. (4/05) Reportedly defaulted leases push Preferred Capital into receivership. Several other leasing companies hit with large portfolio losses. (03/05) Thirteen state AG's jump on Preferred Capital venue issue, little realizing that the company is closed to receivership (02/05) “ERA” contract a joke http://leasingnews.org/PDF/NorVergence_Rental_aggreement.pdf (02/05) Ohio Banks Affected by NorVergence Bankruptcy (2/04) Venue Losses by Lessors local and federal courts (2/04) NorVergence Mess Not Going Away, Perhaps Criminal Action (1/05 NY AG Eliot Spitzer settles two more, now at $13MM (1/05) Peter J. Salzano, CEO file BK 11 (1/05) No disagreements about “leasing companies caving in,” as more state AGs (six now) join in litigating leasing companies for settlements with NorVergence Leasing customers. (01/05) Irwin Financial $4 million NorVergence Charge off. (12/04) More Leasing Companies "Caving In" (12/04) Leasing News Editorial: Amicable, Generous Settlement for NorVergence Lessees (12/04) NY Atty. Gen. Gets Another $11 Million Settlement (12/04) Penn. AG Sues NorVergence/Salzano Brother (12/04) Other leasing companies follow GE's lead. (12/04) GE becomes hero, sets pace for other leasing companies. In a surprise move, GE Capital made a settlement with New York Attorney General Eliot Spitzer and his staff regarding 100 approximate leases for the so-called "matrix box" and long distance telephone service from NorVergence, who filed Chapter 7 bankruptcy in July (11/04) 41 Leasing Companies in NorVergence Dilemma (10/04) ELA meets NY Attorney General's staff (10/04) Leasing companies file on lessees, Weir Group has almost 1300 plaintiffs in class action suit, newspapers print poor picture of leasing companies (9/04) Florida attorney general requests leasing companies cease collecting lease payments; three other state AG's follow (8/04) First class action is filed, two others to follow. (7/2004) Campaign to Stop Leasing Company Payments (7/2004) Robert J. Fine Resigns as EAEL President, ran Finance Division, discounting paper to banks and others (7/2004) Telecom Agent Association starts “Legal Co-Op” to breaking third party leasing contracts sold by NorVergence or involved with NorVergence equipment and service. (7/2004) NorVergence files Chapter 7(7/2004) NorVergence files Chapter 11.(7/2004) NorVergence investigated for failing to pay its employees NorVergence (4/2004) "Mr. Arnold comes to NorVergence Capital from HP Financial Services, where he was the Finance Director for North America. At HP Financial Services, he was responsible for all financial functions and was instrumental in integrating the HP and Compaq Financial services portfolios. Mr. Arnold was part of management team that launched Compaq Financial Services in 1997."

Commercial Money Center (CMC), Southern CA. (6/05) Ameriana Bancorp to Recover Approximately $1,000,000 from Commercial Money Center Bankruptcy (03/05) CMC Portfolio Turned Over to US Bancorp . “Should you or your readers have any questions regarding this matter feel free to contact me direct at 605 361 7781.”Troy Lang 3400 w 49th St #200, Sioux Falls, SD 57106 Phone: 605 361 7781 Email: tlang@stuartallan.com (12/04) Reportedly the settlements over unpaid leases continue two years after the bankruptcy of Commercial Money Center (CMC). Officers have been back in business since then, but under different names. The latest agreement involves Lakeland Bank and Royal Indemnity. Allegedly both firms filed claims against each other over the pools of commercial leases Lakeland purchased from CMC and surety bonds Royal issued that guaranteed lease income. Under terms of a recent agreements. Royal will pay $1.85 million to Lakeland, which in turn gets to retain $531,000 Royal already paid. The deal must still be approved by the U.S. Bankruptcy Court (5/2004) CMC Cases Like Timex—Keeps Going and Going. (11/03)The officers of this company are back in business while the "disputes" continue among insurance companies, banks, vendors, lessees, and perhaps only the attorneys are being remunerated (10/03) Ameriana said it will write off two lease pools in the third quarter, an action that will reduce the quarter's net income by approximately $2,784,000 or $0.88 per diluted share. Heretofore, Ameriana had established reserves against these lease pools equal to approximately 58% of the approximately $10,900,000 that currently remains outstanding. Note: NetBank and others have taken over certain aspects of the defaulted portfolio, as reported earlier, and suits with the insurance agency surely continue, while the class action suit continues taking depositions, while the former officers have started new leasing and finance ventures. (3/2002) Court filing agreements http://www.leasingnews.org/archives/March%202003/03-13-03.htm#cmc (3/2003) NetBank Lakeland settle BK for portfolio http://www.leasingnews.org/archives/March%202003/03-12-03.htm#new (3/2003) CMC attorney withdraws, not getting paid http://www.leasingnews.org/archives/March%2020

03/03-06-03.htm#cmc (3/2003) Class action lawsuit regards not being licensed in California for lease financing http://www.leasingnews.org/archives/March%202003/03-05-03.htm#believe 12/2002---Commercial Money Center Bankruptcy Docket for case 02-09721 http://two.leasingnews.org/temporary/bankruptcy.htm (12/2002) Ameriana Bancorp to Boost Reserves 4Q re: Commercial Money Center (Nasdaq: ASBI) announces that it will set aside additional reserves of up to $5.6 million in the Company's fourth quarter ending December 31, 2002. This action will reduce fourth quarter after-tax net income approximately $3.4 million or $1.08 per share, resulting in a net loss for both the quarter and full year. In 2001, Ameriana reported net income of $1,216,000 or $0.39 per diluted share for the fourth quarter and full-year net income of $3,800,000 or $1.21 per diluted share. Approximately $4.7 million of the additional reserves to be set aside pertain to Ameriana's investment in a pool of leases acquired from the Commercial Money Center ("CMC"), a now- bankrupt equipment leasing company. Ameriana originally purchased two separate pools of equipment lease receivables totaling $12,000,000 from CMC in June and September 2001, of which approximately $10,900,000 currently remains unpaid. Each lease in the pools was backed by a surety bond issued by one of two insurance companies rated at least "A" by Moody's Investors Services. The bonds guaranteed payment of all amounts due under the leases in the event of default by the lessee. Each pool was sold under a Sales and Service Agreement by which the insurers serviced the leases. In each case, the insurers assigned their servicing rights and responsibilities to Commercial Servicing Corporation, an affiliate of CMC, which also has filed bankruptcy. When the lease pools went into default earlier this year, one insurer made payments for several months under a reservation of rights while the other refused to make any payments. Both insurers now claim they were defrauded by CMC and are denying responsibility for payment. Ameriana is one of a number of financial institutions around the country that purchased interests in lease pools from CMC. All of the CMC lease pools are in default and in litigation. The Federal Panel on Multi-District Litigation has taken control over most of the federal actions involving the insurers of the lease pools and has assigned them to the U.S. District Court for the Northern District of Ohio, Eastern Division, for consolidated pre-trial purposes. (NetBank has $80 million as part of the suit, among others.) (10/2002) Deadline for filing for claims for Commercial Money Center has been extended since the proceedings were converted to a Chapter 7. The CURRENT attorney is Bradley Shraiberg and his phone number is 561.395.0500. He is the contact until a further motion is filed to have him removed (he said for geographical reasons, as it is now moving to the Southern District of California Bankruptcy court in San Diego .) ( Read about CMC ) (6/2002) files voluntary bankruptcy, #11, in Florida, all hell breaks loose (5/2002) Gets worse, officers may go to jail (4/2002) Many, many complaints; reports of leases where equipment never existed, paying for leases that do not exist, much behind the scenes on the reputation of the founders, lawyers having a field day, San Diego FBI investigating all.(3/2002) Throws in the towel, 128 employees out of work, Dir. of Marketing Bill Hanson not paid, goes back to work for himself, bringing Gil Evans and his son Ty with him. closes door, leaving many unpaid bills and questions, especially about Kiosk leasing. (2/2002) Returns $1.2 Million to Date admit many complaints by applicants, vendors, and brokers. Fails to secure insurance line of credit after September 11th.

RW Professional , Long Island, NY (06/05) Believe it or not, trial again delayed until 10/25/05 for the "interest of justice." Elizabeth E. Macedonio is now the attorney for Barry Drayer, and appears to being a public defender, as the court approves "itemized" expenses (02/05) case postponed to after June, 2005, one source says Barry Drayer has let go the original attorneys and is using his best sales techniques in trying to plea a deal. (12/04) Bank of New York pays $24 million fine in order to avoid criminal indictment for allegedly failing to report suspicious activity at a branch. "Bank of New York eats $24,000,000 for not handling the infamous "E" account properly. Barry will never serve time in jail, but the deep pocket guys will roll to cover their ****." (9/04) Drayer Fires Attorneys, Trial Postponed until March, 2005 (8/04) Trial scheduled for October 14,2004. http://www.leasingnews.org/archives/August_2004/8-09-2004.htm#rw (6/2004) Trial to start October 14 th , 2004 http://www.leasingnews.org/Conscious-Top%20Stories/RW_update7.htm (11/03)Jury to be selected for trial on April 12,2004 (9/03) Defendants on bail, "house confined," with trial to start April 12, 2004. "Status Conference adjourned to 11/14/03 @ 1:30 p.m. before USDJ Spatt. Conference held. Speedy Trial Information on Dfts: Code Type: XT, Start Date: 9/5/03, Stop Date: 4/12/04. Excludable Delay entered on the record. Next Status Conference: 1) Conclude discovery 2) Set motion schedule. Questionnaires two weeks before jury selection on 3/30/04. 3/31/04 counsel to pick up questionnaires. 4/6/04 all counsel to agree on jurors who will return for Jury Selection. Jury Selection 4/12/04 @ 9:00 a.m. Consent to Magistrate Judge selecting jury by dfts and govt. No adjournments of Jury Selection date will be granted. Re: Bradley Simon's Letter dated 9/2/03. Govt. to move documents to another location and keep boxes (2nd set) for the Courthouse." Last file is a letter: "Ms. Besser is currently subject to a 7:00 p.m. curfew as part of her pre-trial supervision and requests that the curfew be lifted on 10/19/03 so she may participate in a gathering in Manhattan." It appears for the defendants to ask to either/or travel from their home or at certain hours, as they are remanded to their residence with electronic monitors on their ankle. "MINUTE ENTRY; before USDJ Spatt on 9/5/03 @ 11:30 a.m., for Criminal Cause for Status Conference as to Dfts Payaddi Shivashankar, Susan Cottrell, Adam Drayer, Roger Drayer, RW Professional Leasing Services Corp., Rochelle Besser, Barry Drayer. Dft RW Professional Leasing Services Corp. present on bail with retained counsel Stuart E. Abrams. Dft Rochelle Besser present on bail with retained counsel Stuart Abrams. Dft Barry Drayer present on bail with retain counsel Stephen L. Cohen. Dft Roger Drayer present on bail with retained counsel Jerald Rosenthal. Dft Adam Drayer present on bail with retained counsel Thomas Marino. Dft Susan Cottrell present on bail with retained counsel Jerald Rosenthal. Dft Payaddi Shivashankar present in custody with CJA counsel Edward Jenks. Govt: Geoffrey Kaiser. Court Reporter: Harry Rapaport. Case called. Status Conference adjourned to 11/14/03 @ 1:30 p.m. before USDJ Spatt. Conference held. Speedy Trial Information on Dfts: Code Type: XT, Start Date: 9/5/03, Stop Date: 4/12/04. Excludable Delay entered on the record. Next Status Conference: 1) Conclude discovery 2) Set motion schedule. Questionnaires two weeks before jury selection on 3/30/04. 3/31/04 counsel to pick up questionnaires. 4/6/04 all counsel to agree on jurors who will return for Jury Selection. Jury Selection 4/12/04 @ 9:00 a.m. Consent to Magistrate Judge selecting jury by dfts and govt. No adjournments of Jury Selection date will be granted. Re: Bradley Simon's Letter dated 9/2/03. Govt to move documents to another location and keep boxes (2nd set) for the Courthouse. Notice of Appearance filed by Jerald Rosenthal for dft #4. (Coleman, Laurie)" (6/2002) 40 FBI agents raided the offices and arrested Barry and Rochelle, Roger and Jennifer Drayer. The investigation found $6.5 Million of fraud. Prosecutors said that the company, the RW Professional Leasing Corporation, concocted elaborate schemes using up to 100 rented mailboxes as far away as California to send phony checks, sham invoices, bogus leases and other false documents to banks in various states. Based on those documents, the banks lent RW millions of dollars to buy equipment and lease it out, prosecutors said. The schemes included multiple loans from different banks for the same medical equipment and loans for equipment that was never bought or leased, prosecutors said. Take the Money and Run:

Macrolease International Corporation , Plainview, New Jersey (5/05)Bancorp Rhode Island, Inc. (NASDAQ: BARI), subsidiary, Bank Rhode Island, acquires physical fitness leasing company founded in 1969 by CEO Daniel W. West. Bank to continue niche operation plus "..expand its reach through cross-selling to Bank Rhode Island's customers."

Cybernet , Grand Rapids (5/05) CyberNET's jilted creditors want to know more about Huntington Bank's relationship (who also is having troubles with Preferred Capital underwriting of leases. Note: Bank earnings very good.) (5/05) CyberNet Claims total $114 million (4/05) Auctions raises $1.1 mm. Wife says she is broke and not responsible for late husband's deeds. (2/05) Trustee looks for help with Cyberco (1/05) Creditors looking for money, find a lot of expensive wine (11/04) Founder Barton Watson barricades self in house, commits suicide (11/04)According to public records, “approximately (70) banks and leasing companies are involved with a fraud estimated to be in excess of $60 million.

Pinnfund/PinnLeasing (5/05) Tommy A. Larsen, the feisty president of PinnLease, San Diego, who was recently convicted and sent to jail, died suddenly in prison of liver cancer. (8/04) Larsen gets prison term, told to repay investors http://www.leasingnews.org/archives/August_2004/8-03-2004.htm#larsen (12/03) Tommy A. Larsen, president of PinnLease, admitted to scheming to funnel money from bogus equipment leases to himself, among other charges. He pleaded guilty to scheming to obtain funds for PinnFund U.S.A. through fraudulent equipment leases, and laundering kickbacks of those funds to the mortgage lender and himself through sham transactions and false invoices, prosecutors said. Larsen also pleaded guilty to obstruction of justice in connection with his previous attempt to provide false testimony in federal court. The defendant also pleaded guilty to evading taxes with respect to his 1999 and 2000 federal income taxes by charging personal expenditures to PinnFund, by structuring his compensation to avoid payroll taxes, and by hiding the proceeds of illicit activity in offshore financial institutions. Sentencing is set for April 5 before U.S. District Judge Marilyn Huff. (11/03) Jury trial set for 9:00 3/16/04 for Tommy A Larsen, for Kim A. Larsen before Judge Marilyn Huff (2/2003) PinnLeasing President denied bail (2/2003) Four indicted on charges of fraud in the PinnFund case ) (2/2003)Former Pinnfund CEO plea bargain- 10 years in prison 12/2002--A former employee of defunct PinnFund USA, a Carlsbad mortgage lender that imploded in March 2001 when regulators uncovered a $300-million pyramid scheme, pleaded guilty to lying to a federal grand jury. U.S. Attorney Carol Lam said Kimberly Hulihee admitted that she provided false testimony on Nov. 14 to a federal grand jury investigating the removal of files and other materials from a PinnFund subsidiary - PinnLease USA Inc. Hulihee, 38, was the former office manager of PinnLease, and later a company linked to former PinnLease President Tommy Larsen called Aloha Pacific Leasing. Hulihee is the second person to plead guilty to criminal charges in the PinnFund fraud. Former PinnFund chief executive Michael Fanghella also has admitted to myriad federal charges. He is cooperating with authorities and remains behind bars in the Metropolitan Correctional Center in San Diego awaiting sentencing. Larsen faces a pending civil suit related to the PinnFund fraud but no criminal charges, according to court documents. (8/2002) Federal authorities plan to auction expensive wine, jewelry and coins seized from the Ramona house of John D. Garitta, the former PinnFund USA chief financial officer who pleaded guilty last week to securities fraud charges. Merchandise to be sold at the auction includes more than 400 bottles of wine worth an estimated $163,000, $480,000 in jewelry and gems and $19,000 in collectible coins. The auction will be held in Rancho Dominguez in the Los Angeles area. (7/2002) investors in Carlsbad's defunct PinnFund USA sue the PricewaterhouseCoopers Accounting Firm for failing to detect fraud at the Company. (4/2002) the Receiver in the case filed a lawsuit against Tommy Larsen, related companies and a law firm, in bankruptcy court. It's a preference that may climb to $6.7 million. Larsen denies it all, and says, "prove it!" (12/2001 ) a top Executive Officer to turn over $47 deal/judge makes okay as it favors return of investor money. http://www.leasingnews.org/archives/December%202001/12-07-01.htm. (11/2001) Girlfriend to return millions. http://www.leasingnews.org/archives/November%202001/11-01-01.htm. (8/2001) Fanghella pleads not guilty to all charges, remains in jail. (8/2001) A federal grand jury indicted PinnFund USA founder Michael J.Fanghella 20-count indictment; 19 counts in the indictment carry a maximum penalty of 10 years in prison and a $250,000 fine. One count -- filing false financial information with the U.S. Dept of housing and Urban Development -- carries a maximum penalty of 30 years in prison and a $1 million fine. (8/2001) In San Diego Feds file charges for filing false financial statements plus criminal charges for bilking at least 166 investors out of $330 million after Fanghella turns self in. (7/2001 ) Barbados Court Freezes PinnFund Exec's Assets (6/2001) Leasing News considers it a “not guilty” judgment against Tommy Larsen, but Larsen's lawyer basically agreed to comply with the temporary restraining order of March 23 and agreed that Mr. Larsen would give an accounting of any possible gains he received that rightfully belong to PinnFund. Since he gave in to everything the receiver wanted, he was not held in contempt. The records shows that being acquitted or not guilty was not what happened. The judge found he wasn't in contempt because, going forward, he agreed to cooperate fully. (6/2001) Judge Hands Down $109 M Default Judgment in PinnFund Scandal. Bounty Hunters Get the Nod to Go Get 'Em (4/2001) Judge continues freeze of assets. Founder of PinnFund skips bail, judge issues arrest warrant ( 3/2001) PinnFund out of money, closes all offices, including leasing. Newspaper stories say “Millions of dollars are gone.” (3/2001) PinnLease USA to Fold 47 Nationwide Offices-- $100 Million Fraud, reads like a tabloid story, perhaps largest fraud in West Coast history.

Balboa Capital , Irvine, Ca. (4/05) Enters internet fray with on line processing http://www.leasingnews.org/archives/April%202005/4-29-05.htm#toon (5/2004) Balboa Capital Corporation announces that Patrick Byrne has completed the acquisition of 100% of the company's stock and is now the sole shareholder of Balboa Capital, ending rumors that the company was listed for sale because the two owners were not getting along ( for quite some time, it is said ) and it was dividing employees on each side of the camp. ( 2/04) Surprise! Surprise! Surprise! --Shawn Giffin Back at Balboa Capital. Rumors float that company is up for sale that both owners not getting along; they deny it. Byrne had taken a two year sabbatical and came back to the helm in late September of last year. It was then Giffin's turn to take some time off, they both said. Since that date, Byrne was back in the swing of things, increasing originations, creating a more sales friendly environment, improving credit and funding processes using Six Sigma, cleaning house, increasing customer service, finding fraud from vendors and salesmen, starting a broker division, the first time in 15 year history, hiring Curt Lynse, formerly with GE-Colonial Pacific, working on a national vendor program division, and getting the company moving in a very competitive manner. “I'm thrilled to be back, “ Shawn Giffin told Leasing News. “My head is clear. I'm invigorated. This is a great company.” Asked about his ability to get along with the other major share holder, he said, ‘ Pat has a unique set of skills, as I do. I think we are very complimentary working together. The point is I am fired up and am really glad to be back at work. I love it! “ Asked about what his title would be, he said, “Titles aren't important to Pat or I. “ (2/04) Curt Lynse, formerly at GE Capital/Colonial Pacific Leasing, joining Balboa Capital to start a broker division, something the company has not done in sixteen years; they founded in 1988. (9/03) Patrick Byrne is back, Shawn Giffin goes on sabbatical. ( 9/2000) Founder Pat Byrne "...office available any time he wants to use it".

Microfinancial/Leasecomm (4/05) MicroFinancial 1Q Net Loss $2.7MM/last year $4.7MM (10/04) Secures $30 Million Line of Credit from CIT(4/2004) Reports $7.6 Million revenue loss first quarter, resulting in $4.7 million net loss. (11/03) Changes name to Transaction Enabling Systems http://www.tes-edi.com/ (10/03) Net Loss $3.2 million for 3rd Q (10/03) class action filed. (5/03) Record Fine/Judgment Under the terms of the settlement with the Federal Trade Commission, Leasecomm will stop collection efforts on all outstanding judgments, totaling $24 million, involving the financing of the software and equipment for processing credit-card transactions. The company also agreed to stop financing those kinds of business opportunities in the future. Leasecomm will also pay a $1 million fine to be split by the states of Massachusetts, Florida, Illinois, Kansas, North Carolina, North Dakota and Texas. The district attorney for Ventura County, Calif. will also receive a portion of that fine. The company was looking for a financial partner, and there is the question regarding the selling of $500,000 stock by an executive officer before the stock took a nose dive. The company was also recently "re-listed" on the exchange. http://www.leasingnews.org/archives/June%202003/06_02_2003.htm#24 (5/03) New York Stock Exchange has accepted the Company's proposed compliance plan for continued listing on the Exchange (5/2003) Files $0.8 million quarter loss http://www.leasingnews.org/archives/May%202003/05_08_2003.htm#micro (4/2003) delays filing for 15 days with SEC (3/2003) to be de-listed (3/2003) Net loss for year-end was $7.7 million. http://www.leasingnews.org/archives/March%202003/03-11-03.htm#micro (2/2003) Stocks Falls to .73 cents on Friday, 12/2002-----The Board of Directors of MicroFinancial Inc. (NYSE:MFI) has suspended its dividend to comply with the Company's banking agreements. (11/2002) Leasecomm closes, shuts off all brokers, won't fund deals approved "Goes Down---CEO Sells $500,000 Stock Before the News." ( Microfinancial Stories )Waltham, MA (8/2001) Leasecomm, Attorney General investigating, many complaints on line .

Preferred Lease/CapitalWerks (4/05) CapitalWerks Alabama Jury $9 Million Award Tossed Out. New trial date for next year regarding faxing of approvals of lessees (“...wrongful claims against advertising and marketing of their products and services,” says President Jim Raeder. http://www.leasingnews.org/archives/April%202005/4-26-05.htm#capital (11/04) Insider says it was an employee at Balboa Capital. Jim Raeder will not reveal name of party or company: says he received "cash settlement" and believes matter is "resolved." (10/04) A number of readers questions how Kinko's turned over a video so quickly, others believe it is an ex-employee that is the culprit and thus the real reason the name is not being revealed(10/04) “We do not receive any benefit in publicly humiliating the individuals responsible for this misconduct. Our intentions are to hold them responsible and liable for the consequences of their statements, and to recover damages they have caused to our business,” says Raeder (10/04) Survey Results: “Let Us Know the Name” http://www.leasingnews.org/archives/October%202004/10-01-04.html#survey (9/04) Jim Raeder to reveal culprits name(8/04) Jim Raeder allegedly sees video at Kinko's, sales slip, talks to clerk, knows party's name and company (8/04) derogatory and malicious accusations spread around internet and to funders, industry readers, becomes “chain letter.”(8/04) New York Times criticizes company for not returning advance rentals. Controversy grows regarding story and commitment fees in general (5/2001) Preferred Lease, A CapitalWerks Company Mark Seif now in private law practice, company one of his clients (3/2001) Rumor close to sell to Capital Werks, and will become Preferred Leasing, a Capital Werks Company, this month (2/2001) internal memo about training by company about to take over, supposedly there for several months, "training" employees (01/2000 Mark Seif confirms for sale; will make no further comments (12/2000) Company reportedly on the block "one the block."

( 11/2000). David Murray left 11/7 "didn't like letting his friends go." (Reportedly now at VenServe ).

Preferred Capital , Brecksville, Ohio (4/05) Files bankruptcy, receiver appointed, some leases assigned back to Huntington Bank, and others. Reports of “double-dipping” of leases to community banks. http://leasingnews.org/PDF/PC-Receiver_appointed.pdf (03/05) Leasing News has received several “insider” reports that the company may be closing its doors, primarily due to the debt with NorVergence and many lawsuits involved. Creditors to make decision whether bank goes into receivership. Several reports from community banks that Preferred Capital sold the same deal to each of them, called “double dipping.”

Bombardier (4/05) GE Commercial Finance says will purchase Bombardier Capital's inventory finance division for $1.4 billion in cash. This division is headquartered in Colchester, Vermont, with an estimated 280 employees. (12/2000 reported having leasing problems, not confirmed, company strong in other divisions, but appears backing out of leasing division)

Relational LLC and Styx Capital, Winners of the 2005 ELA Business Technology Solutions Award

Technology continues to play a bigger role in the strategic positioning of leasing companies. The need for integration, flexibility and speed have caused many ELA members to place serious attention to the development of premier e-business systems that utilize the best that technology has to offer. As a result, ELA established the Business Technology Solutions Award as a way to recognize organizations that demonstrated technologically innovative spirit, along with helping others become aware of unique approaches to market opportunities. There were four final contenders chosen to present their solution at the BTS Conference, (2) smaller companies - Styx Capital and Somerset Capital Group Ltd; (2) larger companies - Relational, LLC and Citicapital Commercial Corp. Each conference attendee had the opportunity to vote for the winner during the LeaseTeam, Inc. sponsored BTS Award Luncheon. For the 2005 ELA Business Technology Solutions Award, Styx Capital was voted the winner for the smaller company category, and Relational, LLC was voted the winner for the larger company category.

The conference committee chair, Scott Thacker of Accenture, presented the prestigious BTS Award Cup to Christie Peterson of Relational, LLC and Chris Couture of Styx Capital at the BTS Conference. Relational, LLC and Styx Capital both demonstrated an innovative use of technology to improve operations, enter new markets and build overall ROI.

Styx Capital sought to create a new market for golf club financing through innovative use of technology. The concept was to provide consumers in retail golf club stores, golf pro-shops, catalog, and internet sales channels with an easy option to quickly apply for technology refresh or installment sale financing options. The solution needed to be easily deployed and readily accepted. The final deployed solution supports: 1) anonymous entry of an application using a web-enabled kiosk, 2) comprehensive credit scoring using credit bureau and application information, 3) tax calculations, 4) point-of-sale document generation, and 5) ability to collect upfront payments at time of document completion. Styx Capital's solution was enthusiastically accepted by the golf industry and has allowed the company to begin financing an asset class that has never before been served by the leasing industry.

Relational, LLC developed and implemented an end of term module that streamlined workflow processes, repositioned Relational internally as proactive, reduced operational costs, and increased revenue. Opportunities and efficiencies were also identified for cost savings by examining processes, tools and staffing models in place. Their solution focused on 4 innovative areas: End of Term Quotes, Return Merchandise Authorization, Returned Asset Reconciliation, and Suspended Billings. Relational, along with Cyence International, designed the end of term module that integrated data from Lease Plus, Microsoft Great Plains, and ExpressCS. This data was then made available to customers through their customer web portal and to remote sales through Microsoft Business Solutions CRM. Relational's Life-cycle Portfolio Management solution provides customers with the flexibility to manage their asset base on-line while reducing time and effort.

ELA would like thank LeaseTeam, Inc. for sponsoring the 2005 ELA Business Technology Solutions Award.

Mark Your Calendar! 2006 ELA Business Technology Solutions Conference & Exhibition, June 21-23 at the Hyatt Harborside in Boston, Massachusetts.

As you begin developing your strategic plan for 2006 and beyond, you'll want to review this year's Industry Future Council Report (IFC), "Emerging Opportunities in a Changing World" published by the Equipment Leasing & Finance Foundation and sponsored by American Lease Insurance.

The IFC report provides you a look into the future as viewed by 24 leading lease finance executives. Some disparate strategies emerged:

--Focus not only on hiring new talent, but on training it.
--Follow customers off shore.
--Do whatever it takes to become quicker, more flexible and more efficient.
--Diversify moderately
--Consider specialization
--Use the tools that are available, but continually search for new way to facilitate new opportunities;

...are just a few of the future tactics generated by the 2005 Industry Future Council.

To win in the new environment, lessor will have to be far-sighted enough to see declining markets before they emerge into the open. They will also have to possess the discipline to extract themselves from these markets before they decline substantially. What's more, lessor will have to be diverse enough to have other markets in which to grow.

For more on the long term industry outlook, you may purchase the 2005 Industry Future Council Report through the Foundation library. Foundation donors may access the report free of charge.

1775- Representatives of New Hampshire, Massachusetts Bay, Rhode Island, Providence, Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, North Carolina and South Carolina signed a petition from the Congress to the King (George III), a final attempt by moderates in the Second Continental Congress to avoid a complete break with England. After the American Revolutionary War over 300,000 loyalist citizens to King George returned to England
( more than a third of the population was “loyal” to the king.) Many also elected to remain in the United Colonies, as it was then called.

    1584-” The diaries and letters of the day describe encounters with Indians, capturing them for slaves, describing Native American life: In a letter dated this date from Giovanni da Verrazano, the Florentine explorer, to Francis I, king of France “...took a Native American) childe from...(an) olde woman to bring into France, and going about to take...(a) young woman which was very beautiful and of tall stature, they could not possibly, for the great outcries that she made, bring her to the sea; and especially having great woods to pass through and being farre from the ship, we purposed to leave her behinde, beareing away the childe only.”
http://www.lihistory.com/vault/hs215a1v.htm
    1775- Representatives of New Hampshire, Massachusetts Bay, Rhode Island, Providence, Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, North Carolina and South Carolina signed a petition from the Congress to the King (George III), a final attempt by moderates in the Second Continental Congress to avoid a complete break with England. After the American Revolutionary War over 300,000 loyalist citizens to King George returned to England ( more than a third of the population was “loyal” to the king.) Many also elected to remain in the United Colonies, as it was then called.
    1776- The first public reading of the Declaration was given by Colonel John Nixon to the assembled residents at Philadelphia's Independence Square. He had been chosen by the sheriff of Philadelphia (in those days, the highest ranking citizen of a town as per English tradition). The next day the Declaration was read before George Washington's troops in New York City.
    1788 - Hail fell at Canterbury, CT to a depth of 34 inches. Serious flooding resulted when it melted.
    1797 -- First senator (William Blount of North Carolina/Tennessee) expelled by impeachment this day as he was found guilty of being active in a plan to incite the Creek and Cherokee Indians to aid the British in conquering the Spanish territory of West Florida.
http://bioguide.congress.gov/scripts/biodisplay.pl?index=b000570
http://www.army.mil/cmh-pg/books/RevWar/ss/blount.htm
    1844- Mary Johnson Bailey Lincoln birthday - teacher at the Boston Cooking School who authored the great Boston Cook Book which contained the daringly innovative recipe measurement methods as well as explaining the how's of cooking, hygiene, and nutrition. Most publishers frowned on such books because women were thought to be born with the innate knowledge of cooking. Publishers thought such directions were unnecessary and women would refuse to buy the "insulting" books. The Boston Cook Book became an instant best seller.
http://www.foodhistory.com/ur/lincolnmj/
http://members.aol.com/acalendar/May/cia.html
    1846-U.S. Annexes California. San Francisco had a town of 96 votes with fifty dwellings.
http://www.sfmuseum.org/hist10/cowan.html
    1850-The overland gold rush to California through Fort Laramie, Wyo., involved 42,300 emigrants and 9720 wagons between January 1 and July 8. Over 90% of the population of California was male. Nine years later men still outnumbered women six to one.
    1853-Admiral Perry and US Navy “visit” Japan
http://www.grifworld.com/first.html
http://www.grifworld.com/planning.html
http://www.brunias.com/perry.htmlJapan
http://www.baxleystamps.com/litho/ry_litho_narrative.shtml
    1856-Charles E. Barnes of Lowell, MA, obtained a patent on an “improved automatic cannon.” It was operated by a crank, the speed of firing depending upon the speed with which the crank was turned. It was primitive and before the “metal gun cartridge.” Richard J. Gatling of Indianapolis, Indiana obtained a patent on November 4, 1862, on “ an improvement in revolving battery guns.” The first gun, which fired 250 shots a minute, was made in Indianapolis. Dr. Richard Jordan Gatling, a medical doctor with numerous patents in farm equipment to his credit, devised the famous Model 1862 “Revolving Battery Gun” now simply referred to as the Gatling gun. Although not first to manufacture a multi-fire weapon, he was the first to produce a reliable, rapid fire, “machine gun.” The rest, as they say, is history. The Gatling gun was a hand-crank-operated weapon, comprised of six barrels revolving around a central shaft. The original gun was actually designed to fire the standard military issue paper cartridge of the day, .58 caliber. The paper cartridge was placed inside a steel or brass chamber with percussion nipple on the back end just like muzzle loading rifles and pistols of the time. The cartridges were gravity-fed through a hopper mounted on the top of the gun. Six cam-operated bolts alternately wedged, fired, and dropped the bullets, which were contained in steel chambers. Gatling used the six barrels to partially cool the gun during firing. Since the gun was capable of firing 600 rounds a minute, each barrel fired 100 rounds per minute. Major General Benjamin F. Butler purchased 12 Model 1862 Gatling guns for $1,000 each, in 1863 and employed them at the battle of Petersburg. (We wrote about the seven day battle last week .
http://7-12educators.about.com/blcwphmilfed18.htm
http://library.uml.edu/clh/Butler/Bencart.Html
Butler is the same fellow hated in New Orleans for his actions while he occupied the city. I could find no information about the first use of the Gatling gun, except : “His failure to act decisively with the Army of the Potomac against Petersburg, and following his ability to grasp defeat from the jaws of victory during the first expedition against Fort Fisher, North Carolina in December 1864, led to General Butler's forced resignation from the Army.” As an interesting side note, what we see in movies today and usually displayed or shot is not the original model 1862. Most probably, it is a model 1873 or later version. All in all, the 1862 Gatling gun is one of the greatest design achievements in military armament ever created ranking up with breech loading weapons and metallic cartridges in significance to modern warfare. In January of 1865, Gatling proposed is his improved model 1865 gun to the U.S. Government, which was subsequently tested by the Ordnance Department. This model was adopted officially in 1866. It served the frontier, enabling the Union Calvary to be of small number in domineering the West. After receiving government approval, Gatling began to sell his guns throughout the world, where they achieved world-wide fame. Twenty five countries, twenty nine calibers, and 55 years later, the hand-crank Gatling gun was finally retired from U.S. military service just months prior to the U.S. entered World War 1. Even then, it remained deployed into the middle 1920's stateside. Tucked away in storage for over 30 years, an original model 1883 in 45-70 caliber, was able to successfully fire 5,600 rounds per minute by hooking it up to an electric motor. This ultimately became the forerunner of today's Vulcan system capable of firing 6000 rounds per minute of 20 mm cannon shells.
http://www.users.dircon.co.uk/~warden/colonial/misc1101.htm
http://www-acala1.ria.army.mil/LC/cs/csa/gat1865.jpg
http://www-acala1.ria.army.mil/LC/cs/csa/aagatlin.htm#1862
    1861-Winfield Scott, general in chief of the Union army, announced that the Washington telegraph office would not longer carry “dispatches concerning the operations of the army not permitted by the commanding general.” All stories had to be cleared first with the Army as “press accounts of the activities in Washington, DC, might prove helpful to the enemy.
    1863- JEB Stuart at the Battle of Gettysburg ----
Taken From” The Life and Campaigns of Major-General JEB Stuart" By H. B. McClellan, A.M. Late Major, Assistant Adjutant-General and Chief Of Staff of the Cavalry Corps, Army of Northern Virginia From the 8th to the 12th of July, Stuart covered the front of Lee's army, which had now taken a strong position, and was securely entrenched while waiting for the waters of the Potomac to fall. These days were occupied by severe fighting between Stuart's command and the divisions of Buford and Kilpatrick, at Boons-boro', Beaver Creek, Funkstown, and on the Sharpsburg front. The cavalry fought mostly dismounted, and was aided on either side by small bodies of infantry. It would be tedious to enter into all the details of these battles, in which both parties claim the victory, and with apparent sincerity. Stuart reports an aggregate loss of 216 in these engagements, while Generals Buford and Kilpatrick and Colonel Huey report a loss of 158. Stuart accomplished the object he had in view, which was to delay the advance of the enemy until General Lee was secure in his chosen position. On the 12th of July Stuart uncovered Lee's front, against which the Federal army advanced, but found it so strong that it declined to make an attack. These days will be remembered by the members of General Stuart's staff as days of peculiar hardship. Scanty rations had been issued to the men, but nothing was provided for the officers. The country had been swept bare of provisions, and we could purchase nothing. For four or five days in succession we received our only food, after nightfall, at the hands of a young lady in Hagerstown, whose father, a Southerner, sympathized with the Confederacy. But for the charity of this lady, whose name we shall always gratefully remember, we would have suffered the pangs of severe hunger. The attention of students of psychology is called to an incident which occurred at this time. After a day of incessant fighting Stuart and his officers reached the house of this friend about nine o'clock in the night. While food was being prepared Stuart fell asleep on the sofa in the parlor. When supper was announced he refused to rise. Knowing that he had eaten nothing within twenty-four hours, and that food was even more necessary for him than sleep, I took him by the arm and compelled him to his place at the table. His eyes were open, but he ate sparingly and without relish. Thinking that the supper did not suit him, our kind hostess inquired:-- "General, perhaps you would relish a hard-boiled egg?" "Yes," he replied, "I'll take four or five." This singular reply caused a good deal of astonishment on the part of all who heard it, but nothing was said at the time. The eggs were produced; Stuart broke one and ate it, and then rose from the table. When we returned to the parlor I sat down at the piano, and commenced singing, "If you want to have a good time, join the cavalry." The circumstances hardly made the song appropriate, but the chorus roused the general, and he joined in it with a hearty good will.
    1863-Confederate General Lee decided to take the war to the enemy, specifically Washington, DC, which he hoped to capture and thus have the war ended... On June 13, he defeated Union forces at Winchester, Virginia, and continued north to Pennsylvania. General Hooker, who had been planning to attack Richmond, was instead forced to follow Lee. Hooker, never comfortable with his commander, General Halleck, resigned on June 28, and General George Meade replaced him as commander of the Army of the Potomac. On July 1, a chance encounter between Union and Confederate forces began the Battle of Gettysburg. In the fighting that followed, Meade had greater numbers and better defensive positions. He won the battle, but failed to follow Lee as he retreated back to Virginia. Militarily, the Battle of Gettysburg was the high-water mark of the Confederacy; it is also significant because it ended Confederate hopes of formal recognition by foreign governments. The days following Lee's retreat saw major battles won by the Union Army is General Grant's long time plan to cut off supplies to Confederate troops. On November 19, President Lincoln dedicated a portion of the Gettysburg battlefield as a national cemetery, and delivered his memorable "Gettysburg Address." Photographs of the battleground began immediately after the battle of July 1-3. This group of photographs also includes a scene of Hooker's troops in Virginia on route to Gettysburg.

    1889-John L. Sullivan, heavyweight champion of the world, defeated Jake Kilrain in the 75 th round of a fight in Richburg, MS. This was the last bare-knuckles title fight after which boxing was governed by the Marques of Queensbury rules.
    1896 -- William Jennings Bryan makes his 'cross of gold' speech at the Democratic Convention in Chicago. Some say the monetary speech gave him the Democratic nomination for president.
http://www.douglassarchives.org/brya_a26.htm
    1908- jazz alto saxophonist and singer Louis Jordan, whose records in the 1940's with his Tympany Five helped shape the R'n'B of the following decade, was born in Brinkley, Arkansas. After playing with several big bands, Jordan formed his combo in 1938. For the next decade, they produced blues and novelty records such as "Caldonia," "Let the Good Times Roll" and "Choo Choo Ch'Boogie," a million-seller in 1946. Jordan's 1943 hit "Five Guys Named Moe" became the title of a 1990's Broadway musical based on his songs. Many blues and R'n'B artists grew up listening to Jordan's music, and among those acknowledging his influence are Chuck Berry and Ray Charles. Louis Jordan died on February 4th, 1975.
http://www.louisjordan.com/index.asp
http://www.zoo.co.uk/~primer/pdjordan.html
http://www.jandr.com/JRMusicDiscPage.process?P_Id=P+++++6859
    1911- Nan Jane Aspinwall rode into New York City carrying a letter to Mayor William Jay Gaynor from San Francisco Mayor Patrick Henry McCarthy, becoming the first woman to cross the US on horseback. She began her trip in San Francisco on Sept 1,1910, and covered 4,500 miles in 301 days.
    1914- Birthday of Billy Eckstine, bandleader and bass-baritone singer. After performing with the Earl Hines band for almost 20 years, Eckstine formed his own band in 1944. At one time or another in the band's ranks included Charlie Parker, Dizzy Gillespie, Miles Davis, Fats Navarro, Dexter Gordon, Gene Ammons, Art Blakey and vocalist Sarah Vaughn---some of the greatest bebop musicians of all time. Among Eckstine's hits were “Fools Rush In,” “ Everything I Have Is Yours,” “ Blue Moon,” and “Body and Soul.” Billy Eckstine died March 8, 1993 in Pittsburgh, Pennsylvania the city where he also was born.
http://www.steveandeydie.com/
http://www.britannica.com/blackhistory/micro/185/30.html
    1932-The stock market fell to its lowest point in the Great Depression. The Great Crash had begun in 1929, and this was the darkest day. Dow Jones Industrial Average, 41.22
http://memory.loc.gov/ammem/today/jul08.html
    1933—Birthday of author James Giblin.
http://www.houghtonmifflinbooks.com/catalog/authordetail.cfm?
authorID=3229
http://www.mccsc.edu/~jcmslib/yhb/authors/giblin.html
    1935-Birthday of Steve Lawrence ( Sidney Liebowitz) pop singer born in Brooklyn, New York. His "Go Away Little Girl" was a number-one hit in 1962. Lawrence, who got his start as a singer on the "Tonight" show in 1954, had more than 20 chart records. He and his wife, Eydie Gorme, often recorded and performed together.
    1949—Top Hits
Some Enchanted Evening - Perry Como
Again - Gordon Jenkins
Bali Ha'i - Perry Como
One Kiss Too Many - Eddy Arnold
    1949--- Hank Thompson, the first black to play with the St. Louis Browns, also becomes the New York Giants' first African-American player. The former Kansas City Monarchs' standout broke in to the majors 12 days after Larry Doby's American League debut with the Indians in 1947.
    1950--York, Nebraska was deluged with over 13 inches of rain in 24 hours to establish a state rainfall record
    1953—Birthday of Anna Quindlen, U.S. newspaper columnist and novelist. In 1992 , she was the third woman to win the Pulitzer Prize for commentary. She was the prize-winning and much respected columnist for the New York Times until she quit to care for her child and write novels. She returned as a columnist for the weekly magazine for a time.
    1957—Top Hits
Teddy Bear - Elvis Presley
Love Letters in the Sand - Pat Boone
Over the Mountain; Across the Sea - Johnnie & Joe
Four Walls - Jim Reeves
    1958 - The first gold record album presented by the Recording Industry Association of America (RIAA) was awarded. It went to the soundtrack LP, "Oklahoma!". The honor signified that the album had reached one million dollars in sales. The first gold single issued by the RIAA was "Catch a Falling Star", by Perry Como, in March of 1958. A gold single also represents sales of one million records.
    1960 - Storer Broadcasting Company purchased WINS radio in New York City for $10 million. It was the highest price paid for a radio station (to that time). Many great radio personalities including Murray the K, Bruce Morrow and Alan Freed were stars on WINS Radio. WINS, under Storer ownership, also aired some very clever promotions, including the time they drove the New York media crazy. It was a discovery (thought to be a rare find) in the back seat of a New York taxicab: a clay tablet that looked to be Egyptian and had carvings on it. Upon closer examination, it read, “Everybody's mummy listens to 10-10 WINS!”
    1965—Top Hits
I Can't Help Myself - Four Tops
(I Can't Get No) Satisfaction - The Rolling Stones
For Your Love - The Yardbirds
Before You Go - Buck Owens
    1965-Roy Wilkins becomes executive director of the National Association for the Advancement of Colored People.
http://www.tccom.com/wilkins/
    1967—Tennis player Billie Jean King of the United Sates won three titles at Wimbledon. She beat Anny Haydon Jones for the singles title, teamed with Rosie Casals for the women's doubles title and joined with Owen Davidson to capture the mixed doubles title.
    1968-the first movie directed by an African-American director to be released in the United States was “Story of a Three Day Pass,” directed by Melvin Van Peeble, His story of an African-American serviceman on leave in France, based on his book of the same name, led to his being signed by Columbia Pictures to make more files for African-American audiences.
http://www.info-france-usa.org/culture/cinema/festival/vanpeebles.html
http://www.amazon.com/exec/obidos/ASIN/6304446195/e22digital.6/
102-8917386-9557756
http://pages.prodigy.net/ja-cas/filmmakers.html
    1970 - The San Francisco Giant's Jim Ray Hart hit for the cycle (a single, double, triple and home run in one game). Hart became the first National League player in 59 seasons to collect six runs batted in (RBI) during a single inning. The Giants walloped the Atlanta Braves 13-0.
    1973—Top Hits
Will It Go Round in Circles - Billy Preston
Kodachrome - Paul Simon
Bad, Bad Leroy Brown - Jim Croce
Why Me - Kris Kristofferson
    1978-Following in the disco footsteps of his older Bee Gee brothers, Andy Gibb gets into the act with "Shadow Dancing." The album peaks at #18, while the title track reaches number one
    1978- Bjorn Borg of Sweden won 3rd consecutive title at Wimbledon
    1981—Top Hits
Bette Davis Eyes - Kim Carnes
All Those Years Ago - George Harrison
The One that You Love - Air Supply
I was Country When Country Wasn't Cool - Barbara Mandrell
    1984 - John McEnroe made short work of Jimmy Connors at Wimbledon. Connors managed to win only four games and tied for the second lowest number of games won by a Wimbledon men's singles finalist since 1922. McEnroe won the event in just 1 hour 20 minutes.
    1985 - Pro Football Hall of Famer Jack Lambert of the Pittsburgh Steelers announced his retirement on this, his 33rd birthday. A 1974 second-round draft choice from Kent State University in Ohio, Lambert played 11 seasons with the Steelers. He racked up several awards including the NFL's Rookie of the Year [1974], Defensive Player of the Year [1976]; and nine consecutive Pro Bowls [1975-1983]. Jack Lambert was a major chunk of the Steel Curtain and owns four Super Bowl rings to prove it.
    1985--Both "Playboy" and "Penthouse" magazines went on sale with nude pictures of Madonna.
    1985--Santa Maria, CA reaches a scorching 104, shattering the old record of 86 by 18 degrees!
    1987 –The Iran-Contra hearings began, covered live on television. While Lt. Col. Oliver North was being interviewed, contrary to internet mailings, Senator Al Gore was not on the committee, nor did Osa Bin Laden name come up, as this was over fifteen years ago.
    1987 -Kitty Dukakis, wife of Massachusetts Governor Michael Dukakis, who was the following year to become the Democratic candidate, revealed addiction to amphetamines for 26 years
    1988 - Thirty cities in the north central and northeastern U.S. reported record high temperatures for the date. Beckley, WV, equaled their all-time record with a high of 93 degrees. Afternoon and evening thunderstorms spawned seven tornadoes in Adams and Logan counties of eastern Colorado, and hail caused 2.3 million dollars damage in Adams, Logan and Washington counties
    1988-singer/composer Stevie Wonder announces he will run for mayor of Detroit in 1992
    1989-—Top Hits
Satisfied - Richard Marx
Buffalo Stance - Neneh Cherry
Baby Don't Forget My Number - Milli Vanilli
I Don't Want to Spoil the Party - Roseanne Cash
    1989 - Sixteen cities in the central and western U.S. reported record high temperatures for the date. The high of 103 degrees at Denver, CO, equaled their record for July, and a 110 degree reading at Rapid City, SD, equaled their all-time record high. Denver reported a record five straight days of 100 degree heat, and Scottsbluff, NE, reported a record eight days in a row of 100 degree weather.
    1990- Germany beats Argentina 1-0 for soccer's 14th World Cup at Rome
    1990- Stefan Edberg beats Boris Becker for Wimbledon title.
    1992-Severe thunderstorms produces very long downburst at Concordia, KS. Peak one minute sustained winds reached 108 mph at Concordia Airport and exceeded 60 mph for over 20 minutes. 6 people were injured and damage estimated at $25 million
    1994- Elton John and Billy Joel kicked off a 14 city tour in Philadelphia. They shared vocals on each other's hits, including John's "Don't Let the Sun Go Down on Me" and Joel's "Piano Man" and "New York State of Mind."
    2000 --The Yankees sweep their cross-town rivals in the first double-ballpark doubleheader since 1903 with identical scores, 4-2 in an afternoon tilt at Shea and 4-2 in an evening contest at Yankee Stadium. It proves to be quite an interesting day in New York as Mike Piazza is hospitalized after being beaned by Roger Clemens, Dwight Gooden gets first Shea win since 1994 and a bizarre obstruction call on Mets' first baseman Todd Zielle causes the first game to be played under protest.
    2000 ---After Jose Cruz Jr. hits #20 in a 6-3 win over the Expos, the Blue Jays become the first team in major league history to have four batters to hit 20 or more homers before the All-Star break.

This morning I argued with a friend
about angels. I didn't believe
in his belief in them-- I cannot
believe they're not a metaphor.
Our argument, affectionate,
lacking an animus, went nowhere.
We promised to talk again soon.
Now, when I'm driving away
from Boston and the Red Sox
are losing, I hear the announcer
say, 'No angels in the sky today' -
baseball-ese for a cloudless afternoon ,
no shadows to help a man
who waits in the outfield
staring into the August sun.
Although I know the announcer's
not a rabbi or a sage (no,
he's a sort of sage, disconsolate
philosopher of batting slumps
and injuries), still, I scan
the pale blue sky through my
polarized windshield, fervently
hopeful for my fading team
and I feel something a little
foolish, a prayerful throbbing
in my throat, and remember
being told years ago that men
are only little lower
than the angels. Floating ahead of me
at the Vermont border, I see
a few wispy, horse mane clouds
which I quietly pray will drift
down to Fenway Park, where
a demonic opponent has just
slammed another Red Sox pitch,
and the centerfielder - call him 'Jim' -
runs back, back, back,
looking heavenward,
and is shielded and doesn't lose
the white ball in the glare.