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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.


Friday, June 17, 2011

Today's Equipment Leasing Headlines

Benchmark Did Not Change its Name
  Classified Ads---Sales Managers
   Barry Marks, Esq. Poetry Book of the Year in Alabama
    Mesa Leasing Joins “Story Credit List
      Southern California Leasing to Provide
      "$10 Million to Small Businesses"
   New Hires---Promotions
    Classified ads---Help Wanted
     More Women involved in Mergers and Acquisitions
  Special Father's Day Edition--DVD's
   by Fernando Croce
  Ecologic Leasing Services Releases LeaseAccelerator 7.0
   Mortgage Loan Modification Scammers go to Jail
     Birmingham, Alabama Adopt-a-Dog
News Briefs---
 Capital One to buy ING Direct USA for $9 billion
  Senate approves cut in ethanol subsidies
    Worlds Highest 25 Paid Musicians

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

Update Your UCC Filing Practices In Advance Of New Rules
  You May have Missed---
Sports Briefs---
    California Nuts
      "Gimme that Wine"
        This Day in American History
          Daily Puzzle
            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.


Benchmark Did Not Change its Name
by Christopher Menkin

Benchmark Financial Groups, Aliso Viejo, California with many complaints on many web sites, including Leasing News Complaint Bulletin Board, allegedly was to have been closing down and opening in the same building as Cobalt Funding Group.

This company appears to be one that is not giving the leasing industry a good name, and readers who complain about writing these negative stories should not be addresses Leasing News, but your colleagues who continue to fund the leases from such companies. Or when they close one down and open another, not only do they continue to do business with them, but allow them to become "a member in good standing" of a leasing association. The principal is the same, although the name is different, so many are accepted back as if nothing happened.

Leasing News received these emails:

"I'm the SAME building down the hall from Marcus and Benchmark. The new scoop is he's RENAMING his business because Benchmark Financial has SO much negative info on the net.. Someone told me it's going to be MD Funding but that have NOT been confirmed. When I see the new placard on his door, I'll let you know. Also, I tried to take a picture of him to send you but my iPhone photo feature is too slow ha-ha. He's being investigated right now by the OC District Attorney's Office. You should find out who the investigator is..."

(name with held)

“I noticed he reserved the conference room to train the next batch of thieves. All recent college grads?? I had a customer coming in to sign refi docs and had to wait 2 hours while he was training his new clowns. The attorney down the hall told me Marcus is BK'ing Benchmark... Doesn't look like people are going to get their money back."

(name withheld)

"Please add me to your mailing list. I am a vendor and was burn by Benchmark. A Fulton County Georgia Judge has sign a theft by taken and theft by deception arrest order for Marcus and Adam his sales representative. If they ever come to Georgia they will be arrested. If all the people that have been burn in each states sign this similar order they will not be able to go out of California. I can be reach at 678-531-1598."

Thanks, Carlos Morales

(Note: Leasing News has many vendors who join our mailing list who want to know who to do business with, and more particularly, who not to do business with. Editor)

A new complaint about a $72,598 lease with the first and last and documentation fee not funded said Benchmark was in the middle of a name change, and it got out on the internet in the web sites, and in the course went to The telephone numbers were not working

A spokesperson for Benchmark Financial Groups said it was "ridiculous" that the company was changing its name to Cobalt Funding.

The person with the new complaint said it was now all over the other web sites warning about Benchmark, as he was told the company was changing its name. Most likely it changed the direction Benchmark was taking.

Here is one example:

Previous Complaints:

Benchmark Financial Groups, LLC, Aliso Viejo, CA

Benchmark Financial Groups, LLC, Aliso Viejo, CA

Benchmark Financial Groups, LLC, Aliso Viejo, CA

Benchmark Financial Groups, LLC, Aliso Viejo, CA

Benchmark Financial Groups, LLC, Aliso Viejo, CA

Benchmark Financial Groups, LLC, Aliso Viejo, CA

Benchmark Financial Groups, LLC, Aliso Viejo, CA

Benchmark Financial Groups, LLC, Aliso Viejo, CA

Benchmark Financial Groups, LLC, Aliso Viejo, CA



Classified Ads---Sales Managers

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

Bayville, NJ
Dedicated individual seeking a account management position, 3 years leasing experience and 15+ years sales experience. Resume furnished upon request,
email Frank at .

Fort Myers, Florida
Very experienced and strong skills with both Captive and Specialty Sales Management. Over 25 years , will relocate and travel---successful and team player.

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:

John Kenny Receivables Management

• 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 |

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


Barry Marks, Esq. Poetry Book of the Year in Alabama

"'Possible Crocodiles” was named Book of the Year' by the Alabama State Poetry Society. Author well-known leasing attorney Barry Marks, Esq. He will be reading from his book of the year and newer poems in several readings this summer and at the Chattahoochee Valley Writer’s Conference in fall.

"Here in Bham, I am scheduled to read THIS FRIDAY night at 7:00 at Crestwood Coffee 5512 Crestwood Blvd Birmingham,” he let his friends now. “That reading looks like it will be a pretty full house. I will also read at:

  • Little Professor Books in Homewood Sat 6/19 @ 11:00 2717 18th Street South

  • The Eclipse Coffee House Fri 6/25 @ 7:00 1032 Main St in Montevallo

  • Reed Books Wed 8/10 @ 11:30 2021 3rd Avenue North

"Some of the fliers indicate that the two June readings are for 3 hours, which is wrong, of course. I will start about the indicated times and read for 45 minutes to an hour, depending on what folks want, but please plan to stay and enjoy coffee, book browsing, etc."

The book is now in its second printing and is available at Little Professor and Reed Books and (check out Brick Road’s other fine poets and titles!). I have a copy I take from my shelf and re-read the poems as each time I read them I see more meaning in them. They become very personal.

Barry says if you are in Alabama, please stop by, and adds:

"Many thanks to Hunter Bell for setting up readings, etc. He will also have original art pieces including bookmarks, pins and such of special interest to the functionally literate at the readings and maybe a broadside or two. Hunter has also set up a Facebook page but I am not even sure what that means as I still can’t figure out how they get the little man inside the computer box at my feet who mails these things to y’all. (see 'Allison Installed …poem' for evidence of my Luddite-ness).

Financial Center - Suite 1615
505 North 20th Street
Birmingham, Alabama 35203
P. O. Box 11386
Birmingham, Alabama 35202
fax 278.8905 (Direct) 251.8305 (Main)


Joins “Story Credit List”

Mesa Leasing, Inc.
Jeff Macdonald
Arizona, California, Idaho, Oregon, Nevada, Utah, Washington

$10,000 - $100,000

Full “Story Credit” list:





New Hires---Promotions

Norm Malkowski, CLP, was hired as Broker Development Manager for Team Funding Solutions, Austin, Texas. He previously was National Account Manager, First Star Capital (Dec, 2010-May, 2001), VP Sales & Marketing, Dakota Financial (November, 2008-October, 2010), Vice President Sales and Marketing, Mesa Leasing (June, 2001-November 2008)

Kevin B. McDonald has joined EverBank Commercial Finance, Parsippany, New Jersey as Business Development Manager for the Plastics & Packaging platform. He previously was Manager, Customer Finance, Makino Capital Services (December 2008-June, 2011), vice-president, Siemens Financial Services (March, 2005- 2009), Assistant Vice President, Wells Fargo Equipment Finance, President's Club award winner for top sales production in 2000, 2001 and 2004. (1999-2005), Senior Credit Manager, Phoenixcor, managed credit signing authority of $750,000 (1993-1999). He has an MBA, Finance from Fairfield University (1999-2002) and B, Economics, Politics and Government, Ohio Wesleyan University (1988-1992)

Art E. Hyman appointed Senior Vice-President, US federal government finance, Key Equipment Finance. He previous was senior vice-president, national sales manager, government finance, Banc of America (January, 1999-June, 2010), senior vice president and regional sales manager, Banc of America Leasing Commercial Group (January, 1990-January, 1999). He has an MBA in finance and Marketing, St. Mary's College of California (1987-1988), and a Bachelor Science, Hotel Administration, University of Nevada, Las Vegas (1976-1979).

Will McGrew has been promoted to Business Development Manager, Balboa Capital, Irvine, California. He joined the company in October, 2010. Previous he was senior finance manager at Direct Capital (April, 2007--October, 2010). He has a BS, MBA from Franklin Pierce College (2004-2008).

Jennifer F. Nance has re-joined Key Equipment Finance, Superior, Colorado as Associate Counsel. She most recently was an associate with Dorsey & Whitney LLP, which followed her time as assistant counsel at Key Equipment. "She also has experience as a French and Spanish teacher in a variety of domestic and foreign schools. Nance has a bachelor’s degree in French and Spanish from Bucknell University, a master’s degree in French literature, and a juris doctor from the University of Colorado School of Law."

Lee Palm to join management team of CapStar Commercial Finance, Atlanta, Georgia. He is the former president of GMAC Commercial Finance, Equipment Finance Division (EFD) and managing director of Prudential Capital Group’s Commercial Asset Finance (CAF),.

Brian Shapiro to join management team of CapStar Commercial Finance, Atlanta, Georgia. He is the former senior vice president of GMAC CF, EFD and Prudential Capital Group, CAF.

Mike Sutton has joined United Leasing, Evansville, Indiana as vice-president of business development. Sutton spent the last ten years at Bank of Evansville, serving most recently as president and CEO. In 2010, He served as President and Chief Operating Officer of the Bank from August 2004 until February 2005 and as Executive Vice President and Chief Lending Officer of the predecessor to the Company since 2000. Mr. Sutton is also a member of the Board of Directors of the Bank. Prior to joining the Company, Mr. Sutton served as the Senior Vice President and Manager of Commercial Banking at Integra Bank (formerly National City Bank) from 1997 to 2000. Mr. Sutton was Executive Vice President of United Fidelity Bank, fsb, Evansville, Indiana from 1994 to 1997. The parent company is United Companies where its president Ron Romain served on the Board of Directors of Bank of Evansville.


Leasing Industry Help Wanted

Medical app only to 200k, Commercial app only to 150k Superior COF’s-Superior Buying window-Superior back office Please contact Steve Schachtel at 973-339-9900 ext. 101
or email at

For information on placing a help wanted ad, please click here:

Please see our Job Wanted section for possible new employees.

Leasing News Help Wanted Ad Pricing

Help Wanted Web Ad New Programs

Classified Ad Section
(rotates chronological above headlines and
also appears in Classified Ad section.) *

15 days in a row:
$395 four lines (a space is a line)
($25 each additional line or space)

30 days in a row:
$595 four lines (a space is a line)
($40 each additional line or space)

Design work is free. Logo is free as well as company description not to exceed the number of lines of the ad.
Also free: click to a click to a web site or a full description of the position.

Ads are placed in the "Help Wanted' section by category, alphabetical, with the ad with the most lines first in the group. They appear on the web site and in each news edition at the top in a rotation basis per issue.

* Help Wanted” ads  appear in each issue on a chronological basis above the top headline as a courtesy. This position is not available as a paid position, but is generally on a rotation basis.  At the same time, the ad continues in the classified help wanted section in the news edition and web site, so in effect appears twice.

Leasing News reserves the right to refuse advertising, particularly to a company that has appeared in the complaint bulletin board


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

More Women involved in Mergers and Acquisitions

Pamela Ragon, Senior Vice-President of Allegiance Capital, a middle-market investment bank in Dallas, Texas says the next 24 months should see more women involved in mergers and acquisitions.

“Nationally, the number of women-owned businesses has increased by 50 percent since 1997, and women-owned firms now make up approximately 29 percent of all businesses, according to a report released in March by American Express,” says Ragon. “Add to this data the fact that historic amounts of investment capital are fueling increased M&A activity, and the conditions favor more women at the deal table both buying and selling businesses.”

Reflecting on her 25-year career, Ragon says she’s personally seeing more women involved in every aspect of the M&A process as investment bankers, CPAs, and attorneys, as well as business owners buying or selling companies.

She believes the emergence of more women in M&A may bring different values to the forefront.

“Price is generally the number one consideration, but we often see other factors -- like leaving a legacy -- weighing heavily on the mind of business owners who are planning an exit,” says Ragon. “Women seem to elevate considerations such as the future well-being of employees and the company they’re leaving behind.”

What do women business owners need to be thinking about when it comes to mergers and acquisitions? According to Ragon, the same things that all business owners need to consider.

For optimal growth, Ragon advises not to make the mistake of being too risk adverse.

“While most companies can achieve growth organically, an acquisition may be the way to take a quantum leap forward. This may mean taking on debt or a financial partner,” Ragon says. She advises business owners to look for acquisition candidates that have strengths in areas where their businesses could use improvement – product offerings, technology, new markets or customers.

“But don’t overlook the importance of a good cultural fit,” she warns. “The best merger in the world on paper can fail miserably if the company’s cultures don’t mesh.”

For those business owners considering an exit, Ragon emphasizes that it’s imperative to have a strong management team in place. “Keep in mind that investors are focused on the future,” she says. “While it certainly helps to have a profitable track record, you must also be able to convincingly demonstrate your company’s potential for sustainable earnings growth.”

On June 23, 2011, Ragon will be speaking to The Money in the City Conference is a “by invitation only” event held for senior women executives in finance and related industries. The event is to be held in Dallas on June 23. The theme is “Texas Capital Markets Update”. The event is produced by Marketing Connection, which also sponsors an event called Law in the City for women attorneys.

Headquartered in Dallas, Allegiance Capital has offices nationwide and a 13-year history of closing transactions for private companies in the middle market. Business owners considering their options related to an exit, selling a business or recapitalization, can obtain information about the process from Allegiance Capital by calling 214-217-7750.

About Allegiance Capital Corporation
Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the middle market. Founded in 1998, Allegiance Capital has won multiple awards recognizing the value it delivers to clients. Examples include: 2009 Dealmaker of the Year (Dallas Business Journal), 2008 Boutique Investment Bank of the Year (M&A Advisor), 2006 Investment Bank of the Year (Dallas Business Journal). Subscribe to the Capital Ideas blog. Follow Allegiance Capital on LinkedIn, Facebook, and Twitter:@ALLCAP.

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Dedicated to the leasing industry
click here to learn more.

Hear What Our Clients say about us
click here

Gary DiLillo, President 216-658-5618 or


Leasing News: Special Father's DayEdition
By Fernando F. Croce

Many of us movie-buffs got our cinematic appreciation from our parents, so when Father's Day comes along this week, seize the opportunity to settle down with Dad and a great movie. Here are some prime recommendations, all available on Netflix:

Father of the Bride (Vincente Minnelli, 1950): Best known for such classic MGM musicals as "Meet Me in St. Louis" and "The Band Wagon," director Vincente Minnelli was also displayed a deft comic touch in this fondly rendered family comedy. The setting is the Banks household, where the familial tranquility of Stanley (Spencer Tracy) and Ellie (Joan Bennett) is disrupted when their daughter Kay (Elizabeth Taylor) announces that she's getting married. As preparations overrun the household and expenses pile up, Stanley finds himself dealing with a potent mix of paternal pride and anxiety. Featuring a lovely portrait of fatherly affection and befuddlement by Tracy and Taylor at her most luminous, this polished movie remains both hilarious and heartbreaking in ways that surpass Steve Martin's 1991 remake.

To Kill a Mockingbird (Robert Mulligan, 1962): For many readers, Atticus Finch, the noble, widowed Alabama lawyer of Harper Lee's award-winning novel, remains the ultimate father figure. That magic was perfectly captured in this classic screen version, delicately directed by Robert Mulligan and with an unforgettable, Oscar-winning performance by Gregory Peck as Atticus. Told from the impressionable vantage point of his feisty, six-year-old daughter Scout (Mary Badham), the film details how life in a small Southern town is shaken up by the controversial trial that finds Atticus clashing with local prejudices. Throughout this, young Scout witnesses her father's unbending decency in the face injustice, while experiencing her own adventures with local "bogeyman" Boo Radley (Robert Duvall in his screen debut). One of the most beloved of all adaptations.

Kramer vs. Kramer (Robert Benton, 1979): Oscars for Picture, Director, Actor and Supporting Actor went to this sensitive account of a couple's custody battle, told from hurried father's the point of view. A workaholic businessman, Ted Kramer (Dustin Hoffman) finds his life turned upside down when his troubled wife Joanna (Meryl Streep) walks out on him, leaving him to take care of both his career and their six-year-old son Billy (Justin Henry). At first frustrated by his newfound responsibilities, Ted gradually discovers the joys of fatherhood as he bonds with his son, a bond that's threatened when Joanna returns to demand her custody rights. Beautifully acted and directed by Robert Benton with an unerring eye for telling emotional details and welcome humor, this is a touching valentine to fathers everywhere.

Parenthood (Ron Howard, 1989): The trials and tribulations of family life are painted with laughs and tears in this acclaimed comedy-drama from Oscar-winning director Ron Howard ("Apollo 13," "A Beautiful Mind"). Centering on the Buckman family, it weaves several subplots into a rich tapestry of fathers, mothers, sons, daughters, and everybody in between. Among them are Gil (Steve Martin) and Helen (Dianne Wiest), who are struggling with their troubled sons, Susan (Harley Jane Kozak) and Nathan (Rick Moranis), who differ on how to raise their kids, and grandfather Frank (Jason Robards), who has to deal with "black sheep" son Larry (Tom Hulce). With the help of a remarkable ensemble cast that also includes Mary Steenburgen and Keanu Reeves, Howard offers a heartening view of the pangs of being a parent.

The Fantastic Mr. Fox (Wes Anderson, 2009): The movies of Wes Anderson ("Rushmore," "The Darjeeling Limited") have always had the quirkiness of a pop-up children’s book to go along with their familial concerns, so it’s no surprise to see the acclaimed writer-director using stop-animation to tackle a story by Roald Dahl (who wrote "Charlie and the Chocolate Factory"). Mr. Fox (delightfully voiced by George Clooney) lives with his wife (Meryl Streep) and son Ash (Jason Schwartzman) in a lush garden residence, surrounded by their eccentric friends and relatives. However, soon their idyllic peace is disturbed by Mr. Fox’s rambunctious instincts, not to mention three mean farmers bent on hunting down the critters. At times off-putting in live-action, Anderson’s stylistic trademarks become charming in animated form, aided by a truly stellar vocal cast that includes Bill Murray, Michael Gambon and Willem Dafoe.


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

Ecologic Leasing Services Releases LeaseAccelerator 7.0

Web-based software designed for global lessees and vendor captives adds key features

GREAT FALLS, Ecologic Leasing Services announced that it has released version 7.0 of LeaseAccelerator(R), web-based software service (SaaS) designed for corporate and non-profit lessees and vendor captives that lease equipment around the globe.

“This release adds several unique capabilities to our software services that are valuable to lessees and vendor captives”, said Michael Keeler, CEO.

“We have expanded our lease accounting capabilities for lessees so they can now generate debits and credits for capital leases down to the transaction level. This positions us to support the coming IFRS lease accounting changes quickly and easily, which has been a consistent request of our Fortune 500 clients.”

Keeler added, “For our vendor captive lessor clients, we have added a mail-back capability for automatic generation of indicative financing quotes (Term Sheets) based on an XML Price Quote sent to a dedicated e-mail address within LeaseAccelerator. These indicative Term Sheets are typically returned to the requestor via e-mail within 15 minutes of the original request. This enables the manufacturer’s sales force to generate a financing quote with every cash quote automatically, increasing lease penetration, new sales, and volume.”

Jonathan Crawford, Ecologic’s VP of Engineering, stated, “With 7.0, Ecologic introduces the concept of ‘Build-Your-Own Reporting’ (BYOR). Our approach to self-service report construction advances the state of the art by allowing users to design their own reusable reports, from criteria selection to content selection, including sort ordering and the ability to include a pivot table (aka ‘crosstab’) in user-designed reports. No other web-based equipment leasing software service sold today has this capability. This gives both lessees and vendor captives the ability to analyze and share their data and discover new ways to improve their financial performance.”

Ecologic’s software supports multiple funding models for vendor captives to make it easier for them to offer leasing wherever they operate around the world, including retail and private-label wholesale models, which involve third-party funders, and self-funded and hybrid models. The Company highlighted several other unique features for vendor captives now available in version 7.0:

• LeaseAccelerator’s new credit workflow enhancements include support for credit requests that are specific to a single transaction as well as ad hoc requests for lessee credit. The improved credit approval process includes capture and tracking of requirements for recourse, parent guaranty, and other forms of credit support. Credit line management has been enhanced, with the ability to monitor and report on both credit utilization and funder performance.

• Ecologic has significantly improved the automated generation of contract documents. Dynamic template selection is now supported for all customer-facing documents, providing automatic selection of the appropriate contract documents based on a combination of lease type, language, country, funder and lessee.

More Information:

About Ecologic Leasing Services
Ecologic offers software services and outsourcing services to lessees and vendor captives that need to finance equipment competitively around the world. The Company currently supports lease transactions in 44 countries. Large corporate and non-profit lessees deploy Ecologic’s software and outsourcing services to save 10-25% on their equipment lease portfolio annually. Vendor captives employ Ecologic’s services to help them finance the sale of their equipment to their customers at the point-of-sale using the best available funding sources where ever they operate around the world. Founded in 2000, the Company is headquartered in Northern Virginia, with offices in Montreal, San Francisco, and Mumbai.

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

Mortgage Loan Modification Scammers go to Jail

San Diego--- According to court documents, Michael Trap admitted that in approximately April 2009, he and Glenn Steven Rosofsky – who previously pleaded guilty and has been sentenced to serve 63 months in prison for his role in this scheme and for tax offenses – began operating a loan modification business using the names “Nations Housing Modification Center” and “Federal Housing Modification Department,” in an effort to fraudulently sell loan modification services to homeowners who were delinquent on their monthly mortgage payments.

Trap was sentenced to one count of conspiracy to commit wire fraud and money laundering and one count of money laundering. U.S. District Court Judge Roger T. Benitez also ordered Trap to pay $460,249 in restitution to the victims of the Nations Housing Modification Center (NHMC). Judge Benitez also ordered Trap to serve three years of supervised release following his release from prison. These criminal charges stemmed from Trap’s operation of a fraudulent telemarketing operation in San Marcos, California.

Trap admitted that he, Rosofsky and others used false and fraudulent statements and representations to induce customers to purchase loan modification services from NHMC. Among the misrepresentations made to customers were claims that NHMC had “attorneys” and “forensic accountants” on staff to deal with the loss mitigation departments of banks on behalf of NHMC’s customers, that NHMC had achieved an “extremely high success rate for homeowners that met the Nations Home Affordable Modification Program guidelines,” and that NHMC was located on “Capitol Hill” in Washington, D.C. In fact, as Trap admitted, NHMC did not have attorneys or forensic accountants on staff, it did not have a high success rate of modifying loans, it had no connection with the U.S. Treasury Department’s “Making Home Affordable” program, and its only presence in Washington, D.C., was a rented post office box. These false claims were made in solicitation letters that were mailed throughout the country to individuals behind on their mortgage payments and encouraged struggling homeowners to call a toll-free number to purchase NHMC’s loan modification services.

Trap admitted that he, Rosofsky, and others then conducted financial transactions with the customer funds transferred to NHMC’s bank accounts in order to pay expenses of the business and to compensate themselves. These financial transactions with the proceeds of the fraud scheme constituted the bases for the money laundering convictions of Trap and Rosofsky.

Another NHMC co-conspirator, Roger Trent Jones, previously pleaded guilty to conspiracy to commit wire fraud and was sentenced to serve 21 months in Federal prison. According to court documents, Jones was employed at NHMC from April 2009 through about June 15, 2009. Jones admitted to being the manager of NHMC’s telemarketing room, and knowing that telemarketers (including himself) used false and fraudulent statements to defraud desperate homeowners out of hundreds of thousands of dollars. Jones also admitted he falsely told certain customers that an attorney named “John Gillespie” would be handling their modification, and that “John Gillespie” had extensive experience negotiating with their specific lender. Jones admitted that he and his co-conspirators knew that the representations made by NHMC’s telemarketers were false, because NHMC did not have a loan modification group that included attorneys and forensic accountants.

United States Attorney for the Southern District of California Laura E. Duffy praised the coordinated efforts of investigators, prosecutors, and regulators to combat the problem of loan modification fraud. The San Diego District Attorney’s Office conducted a search of NHMC’s offices in July 2009 and provided valuable assistance to the Internal Revenue Service – Criminal Investigation (IRS-CI), and the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), during their federal investigation of NHMC. Additionally, in September 2009, the Federal Trade Commission filed a civil suit against Trap and Rosofsky in the U.S. District Court for the District of Columbia, alleging that their operation of NHMC constituted unfair and deceptive trade practices.

These cases are the product of an investigation by agents of the IRS-CI and the Office of SIGTARP and are being prosecuted in San Diego federal court by Assistant U.S. Attorneys Eric J. Beste and Jonathan I. Shapiro.

These cases were brought in coordination with the Financial Fraud Enforcement Task Force. President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement working together to launch a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes. The Special Inspector General for the Troubled Asset Relief Program co-chairs the task force’s Rescue Fraud Working Group. For more information on the task force, visit

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


Birmingham, Alabama-- Adopt-a-Dog

Pet ID #: 117058
(you can change name)
Shepherd/Terrier, Mix
Medium 26-60 pounds males
4 months, 3 weeks at date of posting

Shelter: Greater Birmingham Humane Society
Pet ID #: 117058
Phone: (205) 942-1211
Let 'em know you saw "Marion" on!
Fax: (205) 942-1213
Address: 300 Snow Drive
Birmingham, AL

Adopt-a-Pet by Leasing Co. State/City

Adopt a Pet


--- News Briefs

Capital One to buy ING Direct USA for $9 billion

Senate approves cut in ethanol subsidies

Worlds Highest 25 Paid Musicians



You May Have Missed--

Update Your UCC Filing Practices In Advance Of New Rules


Sports Briefs----

Mavericks Team Owner Drops $110,000 on Champagne

Downtown parade celebrates Callas Mavericks first NBA Title

((Please Click on Bulletin Board to learn more information))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)


California Nuts Briefs---

Gov. Brown vetoes budget, criticizes 'gimmicks'

Wynton Marsalis: Wise and still swinging

A Century of S.F. Union Square Photos



“Gimme that Wine”

Wine Maker's CEO's Compensation Jumps 25 Percent

Wine, grapes experience a down year

Mondavi family donates Robert Mondavi Papers to UC Davis University Library

Mavericks Team Owner Drops $110,000 on Champagne

Bartender! Pull me a glass - of Pinot Noir

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page


Please send to a colleague---Leasing News is Free

This Day in American History

(and his has a new album out! Barry is the entertainer you love
or hate—but bring your significant other to a concert is my advice)

Singer-Songwriter-Musician-Arranger-conductor Barry Manilow (born Barry Alan Pincus) June 17, 1943 Brooklyn, New York (his parents died when he was 2 and he was raised by his maternal grandparents Joseph and Esther Manilow); best known for such recordings as "I Write the Songs", "Mandy", "This Ones for You", "Copacabana". "Can't Walk without You," performing regularly in Las Vegas. You love him or you hate him. We have all his albums, also in the car, and we have another set we take on vacations, and have seen many of his shows throughout the year. One of my very good high school and college friends plays first trumpet on his albums and says he is first rate in knowing music, also extends the red carpet to musicians who attend his shows; a pleasure to work with, a real nice guy.

    1579- the expedition of Sir Francis Drake anchored in a harbor just north of present-day San Francisco Bay in California, during drake's celebrated circumnavigation of the globe. Drake named the land Nova Albion and claimed it for England . The members of the expedition spent a month repairing their ship. Then on July 26 Drake sailed from California , continuing north and then west across the Pacific Ocean . The precise spot that Drake and his men landed and stayed for a month is a controversy between historians and the actual spot bay is not known. All Drake's records were destroyed for political reasons and this event is also part of the controversy. ( Encyclopedia of American Facts, Gordon Carruth ).
    1742-birthday of William Hooper, signer of the Declaration of Independence, born at Boston , MA . Died Oct 14, 1790 at Hillsboro , NC . The British in retribution burned his house and farm during the war.
    1775-Suffolk County, MA, celebrates a county holiday to commemorate the Battle of Bunker Hill. According to the same source quoted above, the Battle of Bunker Hill was actually fought on Breed's Hill . British forces under General Howe assaulted the Continental position three times before the Americans, under Col. William Prescott, ran out of gunpowder and were forced to retreat. The British then occupied Bunker Hill after another skirmish. For this reason, it is referred to as the Battle of Bunker Hill in history books. Today when you visit Boston , and the guide takes you to Bunker Hill, it is really Breed's Hill , as historians decided to change the name rather than explain the story.
    1837- Strong Vincent is born in Waterford , Pennsylvania . After working as a lawyer, he went on to become a hero at the Battle of Gettysburg, where he was mortally wounded defending Little Round Top. When hostilities erupted in April 1861, Vincent left the law to become an officer in the Erie Regiment, Pennsylvania Volunteers. By early 1862, he rose to commander of the 83rd Pennsylvania . Vincent served in several campaigns with the Army of the Potomac, fighting at Yorktown, Fredericksburg , and Chancellorsville . He was promoted to colonel after Yorktown, and prior to Gettysburg , Vincent was given command of the Third Brigade, First Division, of the Fifth Corps. On the night of July 1, 1863, Vincent and his men were hurrying toward the battlefield under a bright moon. When the soldiers passed through a small town near Gettysburg , the regiment bands began to play and residents came to their doors to cheer the Yankee troops. Vincent remarked to an aide that there could be a worse fate than to die fighting in his home state with the flag overhead. The next day, as Vincent and his brigade were arriving behind the Union lines, General Governor K. Warren frantically summoned Vincent's force to the top of Little Round Top, a rocky hill at the end of the Federal line. Warren observed that the Confederates could turn the Union left flank by taking the summit, which was occupied by only a Yankee signal corps at the time. So Vincent and his men hurried up the hill, arriving just ahead of the Rebels. The brigade held the top, but just barely. Vincent was mortally wounded in the engagement and died on July 7. He was promoted posthumously to brigadier general.
    1849-birthday of African-American Congressman Thomas Ezekiel Miller.
   1852-- On this date the New York State Temperance Society met in Syracuse for its annual convention. Susan B. Anthony, Gerrit Smith, and Amelia Bloomer were delegates appointed to the convention by the Woman's State Temperance Society, which Anthony had founded the previous April. because the convention refused to accept the credentials of the women delegates or allow them to speak, the women and their supporters adjourned to the Wesleyan Chapel where they held their own meeting. Anthony delivered a speech, which was published in the July, 1852 issue of Stone' magazine The Lily. The address is one of the earliest given by Anthony who would become the most articulate spokesperson of the movement
    1859 - Hot Santa Ana winds in southern California roasted fruit on one side at Santa Barbara.
    1863-Battle of Aldie, Confederates fail to drive back the Union Army in Virginia .
    1865- Dr. Susan LaFlesche Picotte birthday - Native American and U.S. physician. Under the sponsorship of the Women's National Indian Association that was founded in 1880 by Mary L. Bonney and Amelia S. Quinton, SLP graduated a 3-year medical course in 2 years. She finished at the head of her class not yet 24 years of age. She returned to practice medicine primarily with the Omaha tribe although her practice at times included almost as many whites as Indians. It has been estimated that this remarkable woman who braved blizzards and dust storms treated every member of the Omaha tribe in the 25 years of her practice.
    1871-birthday of James Weldon Johnson, African American poet, diplomat, songwriter and culturist of black history, born Jacksonville , FL. ( lower half of )
    1882 - A tornado traveled more than 200 miles across the state of Iowa killing 130 persons. The tornado touched down about ninety miles west of Grinnell, and struck the town and college around sunset, killing sixty persons, and causing more than half a million dollars damage. Traveling at nearly 60 mph, the tornado hit Mount Pleasant about 11 PM causing another half million dollars damage.
    1894-A poliomyelitis epidemic occurred in Vermont . Between June 17 and September 1, 123 cases appeared in Rutland and Wallinigford. The first major urban polio epidemic took place in the summer of 1916 in New York City , where 9,000 children were stricken and 2,400 died.
    1907-jazz reedman Gene Sedric born St. Louis , Mo.
    1910- country music star Red Foley was born in Bluelick , Kentucky . Foley, elected to the Country Music Hall of Fame in 1967, was the first country star to have a network radio show, "Avalon Time," in which he co-starred with Red Skelton, beginning in 1939. Foley's recordings for the Decca label were extremely popular, and in 1950 he had no less than three million-sellers - "Chattanoogie Shoe Shine Boy," "Steal Away" and "Just a Closer Walk With Thee." He continued his success with religious material in 1951, scoring another million-seller with "Peace in the Valley." Foley was a star on the Grand Ole Opry in the 1940's. In 1954, he moved to Springfield , Missouri , where he became the host of "Ozark Jubilee," one of the first successful country TV series. During the early '60s, he starred with Fess Parker in the TV series "Mr. Smith Goes to Washington ." Red Foley died in 1968.
    1914-birthday of John Hersey, American novelist, born at Tientsin , China , who wrote “A bell for Adano”, which won the Pulitzer Prize in 1945. “The Wall” and “ Hiroshima ” are both based on fact and set in Poland and Japan respectively in World War II. Died at Key West , FL March 24,1993.
    1917- singer and actor Dean Martin, whose real name was Dino Crocetti, was born in Steubenville , Ohio . He first gained fame as part of a comedy team with Jerry Lewis. When the duo broke up in 1956, Martin's career as both a singer and actor blossomed. His nonchalant, tongue-in- cheek approach proved very popular, as evidenced by his long-running TV show in the 1960's and '70s. Martin's record hits in the 1950's and '60s included "That's Amore," "Memories Are Made of This" and "Everybody Loves Somebody." He died on Christmas Day 1995.
    1921-clarinest Tony Scott born Morristown , NJ .
    1933-birthday of Maurice “Mo” Stokes, basketball player born at Pittsburgh , PA. Stokes played at S. Francis College (PA and was drafted by the Rochester Royals of the NBA in 1955. He quickly became a top performer, winning the Rookie of the Year award in 1955-56 and making the All-Star team three years in a row. Following the 1957-58 season, Stokes collapsed and went into a coma. Encephalitis made him an invalid, but treammate Jack Twyman cared for him the rest of his life. Died at Cincinnati , OH , April 6, 1970.
    1938-the first ski lift to operated in the United States was the Cannon Mountain Tramway at Franconia, NH, a 5,400-foot suspension ride. It was suspended by giant cables 40 feet above the trees and ran from the base of Cannon Mountain to one of it speaks. I had two cars, each accommodating 27 persons, which made the trip up or down in eight minutes at the speed of a thousand feet a minute.
    1940--Birthday of Alton Kelley, artist of San Francisco rock posters.
    1943- After planning to return to his hometown and resume his career as a barber, Perry Como is signed to RCA Records. He will not only become a hit singer, but host of one the early television one hour shows for many years
    1944---Top Hits
Long Ago and Far Away - Helen Forrest & Dick Haymes
I'll Be Seeing You - The Tommy Dorsey Orchestra (vocal: Frank Sinatra)
I'll Get By - The Harry James Orchestra (vocal: Dick Haymes)
Straighten Up and Fly Right - King Cole Trio
June 17, 1946 Barry Manilow Birthday (“This One's for You”)
    1943-- Barry Manilow Birthday (“This One's for You”)
    1947-The radio show The Adventures of Philip Marlowe debuts. Based on Raymond Chandler's groundbreaking series of hard-boiled detective novels, the producers hoped to reproduce the success of the hit radio drama The Adventures of Sam Spade, which ran from 1956 to 1941. Chandler's character Marlowe had already appeared on the silver screen four times, notably in The Big Sleep (1946), starring Humphrey Bogart. The character failed to translate well to the radio, though, and the series lasted only a few months.
    1950-In a 45-minute operation witnessed by 40 visiting surgeons and doctors at Mary Hospital, Chicago, Il, Dr. James Ward West removed a healthy kidney from the body of a woman who had died. Dr. Richard Harold Lawler transplanted the kidney into the renal pedicle of a patient from who a polycystic left kidney had been removed, and the first kidney transplant was complete.
    1952---Top Hits
Kiss of Fire - Georgia Gibbs
Be Anything - Eddy Howard
I'm Yours - Eddie Fisher
The Wild Side of Life - Hank Thompson
    1954-The US organized the government of the US Virgin Island.
    1954-Televised Senate Army McCarthy hearings ends; perhaps
the finest hour of this medium which exposes McCarthy as a charlatan
who many are afraid to oppose because they do not want to be labeled
a communist ( ironically, McCarthy never exposed one unknown communist).
    1955-After a month of booking gigs in larger venues in Dallas and Houston, colonel Tom Parker arranges a meeting with Elvis Presley's manager, Bob Neal, which results in an agreement that will see the Colonel handle Presley's show dates and career strategy from now on.
    1955- Eddie Fisher marries Debbie Reynolds in Hollywood. The couple would divorce in 1959 after Fisher was discovered to be carrying on an affair with Liz Taylor. One of the most popular singers of the day, he will lose his audience over the affair.
    1960---Top Hits
Cathy's Clown - The Everly Brothers
Everybody's Somebody's Fool - Connie Francis
Burning Bridges - Jack Scott
Please Help Me, I'm Falling - Hank Locklin
    1968---Top Hits
Mrs. Robinson - Simon & Garfunkel
This Guy's in Love with You - Herb Alpert
Mony Mony - Tommy James & The Shondells
Honey - Bobby Goldsboro
    1961-Ben E. King enjoys his biggest hit as "Stand By Me" reaches #4 on the Billboard singles chart. The same song would re-appear on the Hot 100 in 1986, reaching #9 after it was featured in the River Phoenix film of the same name.
    1966- Paul McCartney buys the farm in Kintyre, Scotland, that would later inspire his 1977 megahit ballad "Mull of Kintyre."
    1967- Barbra Streisand sings for 135,000 fans at her concert in New York's Central Park, later released as the CBS-TV special and soundtrack album A Happening in Central Park.
    1967-The Hollies' "Carrie Ann" is released in the US, where it will reach #9.
    1967-The Hollies' "Carrie Ann" is released in the US, where it will reach #9.
    1968-The Ohio Express are awarded a Gold record for their Bubble Gum hit, "Yummy, Yummy, Yummy."
    1971-Carole King saw her "Tapestry" album hit number 1 in the US for the first of 15 consecutive weeks. The LP contained such classic tracks as "It's Too Late", "I Feel the Earth Move", "So Far Away", "Will You Love Me Tomorrow?" and "You've Got a Friend". The Grammy Award winning disc is considered by many to be one of the best Rock 'n' Roll albums of all time.
    1972-Five are arrested for the break-in at Democratic Party Headquarters ( in Watergate complex, Washington , DC ). They had previously placed wire taps and searched the headquarters on a regular basis, but leaving a rear-door unlocked made a building security guard suspicious. The arrests led to revelations of political espionage, threats of imminent impeachment of the president, and, on August 9,1974, the resignation of President Richard M. Nixon. It is doubly ironic that Nixon was way ahead in the poll primarily because his opponent Senator George McGovern of South Dakota was not strongly supported by the Democratic Party, although he had sworn he would end the Viet Nam War 90 days after he was elected.
    1976---Top Hits
Silly Love Songs - Wings
Get Up and Boogie (That's Right) - Silver Convention
Misty Blue - Dorthy Moore
I'll Get Over You - Crystal Gayle
    1976-Four teams from the American Basketball Association joined the National Basketball association as the ABA went out of business after nine years. The four teams, the Denver Nugges, Indiana Pacers, New York Nets and San Antonio Spurs bought the total number of teams in the NBA to 22.
    1978-Andy Gibb became the first solo artist in the history of Billboard's Hot 100 to have his first three releases reach number one, when "Shadow Dancing" hit the top of the chart. Since then, Michael Jackson had four number ones in a row and Mariah Carey had five. "Shadow Dancing" would be the best selling single in the US in 1978
    1978 - "Shadow Dancing", by Andy Gibb, reached the number one spot on the pop music charts for the first of seven weeks. Gibb had two other number one hits: "I Just Want to Be Your Everything" and "(Love is) Thicker than Water". Gibb, the youngest of the Gibb brothers who made up the Bee Gees, hosted TV's "Solid Gold" in 1981-82. Andy scored nine hits on the pop music charts in the 1970s and 1980s. He died of an inflammatory heart virus in Oxford , England in 1988.
   1978- Grace Slick is deemed too drunk to go onstage with Jefferson Starship tonight at their concert in St. Goarhausen in West Germany, but does so anyway, singing horribly and verbally abusing the audience with Nazi taunts. The crowd riots, causing over a million dollars in damage and leading Slick to quit the band, not returning until 1983.
    1984---Top Hits
Time After Time - Cyndi Lauper
The Reflex - Duran Duran
Self Control - Laura Branigan
I Got Mexico - Eddy Raven
    1988-Microsoft releases MS DOS 4.0
    1988 - Thunderstorms produced large hail and damaging winds in Georgia and the Carolinas. Thunderstorm winds gusted to 75 mph at Eden, NC.
    1988-Bruce Springsteen separates from Juliette Phillips
    1988-The Givens' Family reports heavyweight Mike Tyson beats his wife actress wife Robin Givens. They later divorce on the grounds of “extreme cruelty
    1988—Top Hits
Foolish Beat- Debbie Gibson
Dirty Diana- Michael Jackson
Together Forever- Rick Astley
Make It Real- The Jets
    1991-The body of Zachary Taylor, the 12 th US President, was exhumed from a cemetery in Louisville , KY. Taylor died suddenly of acute gastrointestinal illness on July 9, 1850. Some historians suggested that he might have been poisoned. To test this theory, his remains were exhumed ( the first presidential body to be exhumed ). A coroner's report dated June 26 found no evidence of foul play.
    1993-Top Hits
That s The Way Love Goes, Janet Jackson
Weak- SWV
Knockin Da Boots- H-Town
Freak Me- Silk
    1994-the first World Cup soccer tournament was held at Soldier Field, Chicago , IL . Fourteen nations competed in the marathon tournament, with games held in nine American cities. Brazil won the cup after defeating Italy at the Rose Bowl in Pasadena , CA .
    1994-Former football player and announcer O.J. Simpson was arrested in connection with the murder of his wife, Nicole Brown Simpson, and Ronald Goldman. Simpson had fled his home in the morning rather than be arrested. In the evening eh and his friend Al Cowlings were in Simpson's white Ford Bronco. They led a horde of police cars on a long but slow car chase on Los Angeles 's freeways and eventually wound up back at Simpson's home where he was apprehended. Television stations around the country followed these vents live, and an estimated 90 million people watched. Simpson was later acquitted. The killer(s) have allegedly never been caught.
    1994-Jun 17-July 17 The World Cup of soccer was played in the US for the first time. The international championship is held every four years. The 1994 games began in Chicago on June 17 with a match between Germany and Boliva and eneded in Los Angeles with a final betweenBrazil and Italy on July 17 with Brazil taking the Cup. Soccer, generally known as football outside the US , is the most popular spectator sport in the world, though it has never achieved great status in the US above the amateur level. The games were watched on television by billionis of fans around the world. John Madden has suggested there is not room for television commercials and thus the networks do not broadcast these games.
    2008-Boston Celtics rout LA Lakers, 131-92
    2009-60-year-old Billy Joel and his third wife, 27-year-old Katie Lee Joel announced that were splitting up after nearly five years of marriage. Joel's nine-year union with model Christie Brinkley ended in 1994. His nine-year marriage to Elizabeth Weber, for whom he wrote "Just the Way You Are", ended in 1982. It's believed that Billy had a prenuptial agreement to protect the millions his many hits have earned.





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