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Leasing News is a web site that posts information, news, and entertainment for the commercial leasing and finance industry. The News Edition is updated Monday, Wednesday and Friday.

Executive Director of Sales
Laguna Hills, CA

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

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

Brad Kissler,, 949-789-8850, ext.222

Tuesday, September 6, 2011

Today's Equipment Leasing Headlines

A California Leasing Gypsy Arrested by Costa Mesa Police
  Classified Ads---Sales Manager
 ABCO Leasing Calls it Quits
  Raley & Bradley Merge to become First Source Business Finance
   “Cobra Capital”
      Companies who notify lessee in advance of lease expiration
      and require their discounter to also notify lessee in advance
       Career Crossroad---“I would like to move to another location”
        Classified Ads---Help Wanted
         Leasing News Display Advertising
 Leasing 102 by Mr. Terry Winders, CLP
  “Planning for Next Year”
    Placard---Didn’t Make His Quota
     Top Stories---August 29--September 1
 Bank Beat---One Georgia Bank Fails No Profit six years,
  Other only one year profit, Making Total 19 this Year
   AZELA Fall Meeting---Arizona---October 18
    Leasing Conference Up-date---All Non-Profit Conferences----
   IRS Catches Stop & Shop Liquor Structuring Cash Deposits
    Atlanta, Georgia Adopt-a-Dog
     More Leasing Company Hurricane Irene Reaction
      Renowned Yale Economist Cites Anxiety for Economy Woes
News Briefs---
  BofA could cut as many as 30,000 jobs worldwide
   Postal Service Struggles to Stay Solvent, and Relevant
    Katia ramps up power, but seen missing East Coast
     Wildfires in Parched Texas Kill 2 and Destroy Homes
      European markets tremble at confluence of economic worries
       Most U.S. workers want to be entrepreneurs
    Dale Kulga on Big Banks and Credit Cares
     25 CEO Who earned more than their company page in taxes

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

   You May have Missed---
Sports Briefs
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.



A California Leasing Gypsy Arrested by Costa Mesa Police

Ashwani Hingorani (aka Matt Hingorani)
Tustin, California

In Southern California, Costa Mesa Police Department arrested Ashwani “Matt” Hingorani, age 32, Barklay Capital, after they received over 40 complaints of his keeping advance rentals. It started with three local business complaints, but grew as they began to look more into the leasing brokerage company. The dollar amounts were between $400 to one at $15,000, but in all, added up to over $200,000.

Hingorani allegedly had other companies, And is considered one of the leasing gypsies operating in Southern California.

A Costa Mesa Police spokesperson told Leasing News many of these operators keep deposit complaints under the radar because they are small, often only around $2,000 to $2,500, often also from out of state where it is too expensive for the victim to fly out, rent a hotel room, maybe have the case postponed for another date, so they don’t even enter into a civil case.

The official statement from the Costa Mesa Police Department notes "Ashwani Hingorani (aka Matt Hingorani), owner of Barklay Capitol Inc. Equipment Leasing Company, was arrested on Felony charges of Theft by False Pretenses.

"He is suspected of conducting an 'advanced fee' scam involving selling business equipment loans to unsuspecting victims. He is accused of accepting deposits upfront and maintaining possession of the funds, rather than processing the loans.

"He is then suspected of stringing along the victims for months, attempting to make them believe the loans were simply delayed, ultimately never refunding their money for the unprocessed leases or loans. This activity has resulted in reported victimization of approximately 40 victims across the United States and has resulted in a reported loss of approximately $200,000. This is still an ongoing investigation."

Leasing News printed a Bulletin Board Complaint about Barklay Capital and “Matt” Hingorani on May 3, 2010, and one April 2, 2010. He continued to operate as well as sending leasing packages to his funding sources, at one time one was Marlin Leasing, according to a UCC filing.

The company nor Hingorani are licensed under the California Commercial Finance Lenders Law.

The Better Business Bureau rating was an "F" and the form states he had 27 employees with 15 complaints. Other sites state he only has from two to three employees.

His LinkedIn states Hingorani is an "account executive" at Barklay Capital.

May 5, 2010 Leasing News Bulletin Board Complaint

April 2, 2010 Leasing News Bulletin Board Complaint


Classified Ads--- Senior Manager


(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:


ABCO Leasing Calls it Quits

Bob Brickford, Vice-President, General Manager told Leasing News the corporation has been around 37 years, actually starting earlier, and while they have "fantastic employees," lines of credit, cash, they are going to spend the rest of the time winding down their portfolio.

ABCO Leasing, Inc.
Bothell, Washington
Brad Christensen
26 states.
$50,000 - $450,000
A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program | D -"Private label Program"| E - Also "in house" salesmen

ABCO Leasing, Inc. (Seattle, WA) exclusively serves the broker community and has been in business since 1974. Since we retain all transactions in our own portfolio, we require full financial packages. We are best at deals that do not quite fit an “A Funder” due to a lack of flexibility or some type of an arbitrary matrix requirement. ABCO is an industry generalist that prides itself on being creative when structuring new business and in providing high quality service levels. Broker and deal contact: Brad Christensen, Broker Relations Manager, 877/634-4045

Rowan Clark told Leasing News his company enjoyed working with brokers, as well as always notified lessees about the expiration of the lease.

Brickford said the company would be honoring all approvals. While not getting into politics, he told Leasing News it didn't matter who would be in the administration the next few years as Congress was going to continue to be dysfunctional and he saw the real estate market not changing for five to ten years, although he added there were pockets where real estate was doing well, as well as other businesses, but he said the writing was on the wall and time to get out.

Brad Christensen said he would be in the office for a few more days, adding, “I see this closing as being reflective of the current overall state of our leasing industry and the weak national economy. The past couple of years our company has worked through some sizable collection issues coupled with seeing a substantial downtrend in quality transactions that fit our narrow 'B’ market niche. ABCO has been a fine company to be a part of and also had some great people. “

Leasing Companies Out of Business
plus No Longer taking Broker/Discounting Business



Raley & Bradley Merge to become First Source Business Finance, LLC

In Charlotte, North Carolina, Raley Commercial Finance & Leasing, LLC and First Source Funding Inc. have merged to become First Source Business Finance, LLC. ("FSBF").

The Company will be managed by Chris Raley and Ray Bradley. Raley has 21 years of commercial finance experience including his years with Raley Equipment Finance & Leasing, LLC, Transportation Capital and First Prime Capital, Bradley, who formed First Source Funding, Inc. in 2002, has 35 years of experience in commercial lending and leasing, including senior management positions at GE Capital and Barclays Bank.

The Company is launching its operations with the backing of newly created alliances with several banks and private funds throughout the United States. In addition, syndication relationships developed over the last ten years will allow FSBF to place equipment transactions greater than $750,000.

They plan to market a direct underwriting focus on the client, rather than the use of a credit scoring model.

"We feel credit scoring is unfair to both client and lender, as in our opinion it can at times allow deserving credits to 'fall through the cracks.'" said Ray Bradley.

"It is exciting to partner with Chris after working together for so many years and to be able to service clients and the referral community who are having increasing challenges funding their operations and transactions."

Chris Raley

"Ray and I have been waiting for the right environment for a company such as this for some time now, and feel the timing is perfect, “Raley said. “I echo Ray in my excitement to be involved with him in this, as I cannot imagine a more perfect partner."

The founders' vision sought to fill a market void in the direct focus on and availability of financial services to small and mid-size businesses, especially in the small ticket arena ($10,000 - $750,000). FSBF was created to answer that need, and will concentrate in certain capital asset segments such as transportation, construction, agricultural, manufacturing, and medical.

Products to be offered will include leases (TRAC, FMV, First Amendment, and Finance), EFA's, conditional sale agreements, and private label programs.

Chris Raley
Director of Originations

First Source Business Finance, LLC
4100 Carmel Road, Suite B-270
Charlotte, North Carolina 28226
Work: 843-241-5837
Fax: 888-504-1119

Chris Raley

Ray Bradley

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Cobra Capital”

Companies who notify lessee in advance of lease expiration
and require their discounter to also notify lessee in advance

Cobra Capital, LLC, Darien, Illinois

“Cobra does not have a 12 month automatic renewal provision in our lease. In fact we have returned extra lease payments, (which I just did last week for a lessee), if the lessee was not aware of their purchase option. However, most if not all of our lessee's are very shrewd, prudent and responsible small biz operators who are much smarter than the big companies and rarely do they make that mistake unless they prefer to continue making month to month payments in lieu of a larger final EOT payment which they typically cannot afford.

“Also, I have to say that I'm surprised by your asking about this issue as every one of Cobra's clients have diligently dissected our ELA upfront and immediately object, (BEFORE they sign our lease), to ANY provision of our lease that they deem unacceptable. Therefore, we don't experience the same "surprise" documentation element that apparently your readers have expressed to you.”

Dale Kluga

Full List:


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

Career Crossroad---“I would like to move to another location”

Question: I am contemplating exploring new job opportunities, but my employer has treated me well and I do enjoy working with my colleagues, however, I would like to move to a new area for personal reasons. Should I ask if I can worked from another location?

Answer: Many Candidates are interested in making a potential move due to geography.

My suggestion: Discuss with your current employer the possibility of working from a remote location. This is typically not an issue if you are in a Business Development role.

However, if you are in a Management or Operations role, your company's computer system or method of operation may not make this feasible. I see "Cloud Computing" growing, meaning anyone from anywhere can access the company computer system without dialing up as all the information is located elsewhere to be downloaded by digital device, tablet, laptop or home computer. I see more and more employees now working from their home.

If the only reason for making a move is predicated on location, FIRST discuss with your employer. They may even "lend" you a computer or surprise you by paying for your relocation costs – and if they do – they may request reimbursement should you leave the company within a specified time frame.

I always recommend talking with your employer to explore all opportunities.

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone: 954-885-9241
Cell: 954-612-0567

Previous Career Crossroads:


Leasing Industry Help Wanted

Executive Director of Sales
Laguna Hills, CA

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

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

Brad Kissler,, 949-789-8850, ext.222

Top Commissions Paid To Top Guns

Seeks success-minded independent sales contractors with 3+ yrs equipment finance/leasing sales experience to generate lower to middle market transactions under a very generous commission sharing plan. Please contact us for more details.
Contact Scott Lesnettt, or
Al Hosack,
MidAtlantic Financial, Inc., in business 21 years

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


Chief Credit Officer St. Cloud, Minnesota

10+ Years Exp. Key Management or
lending role in leasing industry
Click here for more information
Our partners, Harvest Land Cooperative and its financial division AgQuest Financial, provides strength and resources that allow us to offer competitive rates and specialized service that comes from a small-company atmosphere.


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

Please see our Job Wanted section for possible new employees.


Help Wanted Web Ad New Programs

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

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$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)



Leasing News Display Advertising

The editor tries to place banner ads where they will be read by those the advertisers want to reach, rather than placed at random. News stories that will have an “ill” effect are avoided as best as possible. Often it is the position of the banner ad that attracts more response. This is at the sole discretion of the editor.

Banner ads may appear under the headlines at the choice of the editor, but are not guaranteed. An attempt is made to share them on a rotation basis with other banner advertisers.


Leasing 102
by Mr. Terry Winders, CLP

“Planning for Next Year”

September is the month when your marketing plan for next year should begin to take shape. . The most successful leasing companies have been those that understood their limitations and created a plan that used the available capital wisely.

The proposed accounting changes and the economy will make next year different than this year, but in reality, each year is different and each year brings new and old challenges back.

It’s time to think through what markets or industries you plan to solicit, where you want to be in 2012, set the goals and parameters, then get down to the dirty work of putting your budget and your business plan into the computer.

But first, you want to decide where you want to be. Begging for new business, holding onto old business, surviving and/or growing.

If you don’t have a plan, that is where you are going to wind up being: no where. In my opinion, as I see from the seminars, workshops, legal expertise, too many lessors have become generalists and fail to establish a foothold in a market that leads to a predictable flow of business. They also attack too many markets and only get the leavings or an occasional deal at a great expense.

Don’t wait until after Christmas. Getting a head start on next year means starting NOW to develop your thoughts.

Here are a few questions to be considered--- so you can direct your efforts instead of just letting it happen. You may have another way, but to jump start, please consider:

1. What was this year’s average size deal?
2. What five types of equipment where you most successful in leasing?
3. What volume can you attribute to each type of lease?
4. What is your approval rate vs. your turn down rate?
5. If you divide all expenses by the number of done deals how much does each deal cost?
6. What size deal do you need to break even with all expenses?
7. How do you define your market territory?
8. What type of solicitation material is the most effective in your market?
9. What do you need to improve on?
10. What is a responsible goal?

If you have sales personnel, now is a good time to request their thoughts n next year’s volume. Too many leasing companies hand down next year’s goals without considering the capabilities of their sales staff. Their input could help direct your business plan if you give them suggested markets and hoped for margins.

In addition, just don’t limit your inquiry to you sales staff. Ask accounting, ask collections, ask legal, ask everyone, even the janitor, if you know them by first name. You don’t know where you will get information to create a new idea.

I have always recommended sale staffs should also set weekly and monthly goals. Any goal over monthly is of no value. I do, however, like the charts they use in retail: “Beat yesterday” which shows previous numbers, too.

In addition to volume, they should have margin goals and types of leasing goals. If you have a commission plan try and tie it to margin, credit quality, and term of lease. The goals of the sales staff should help drive the goals of the company. However, remember that the company goals should not exceed 75% of the sales goal set by the sales staff. After all they are always too positive about their own abilities.

Expenses need to be tied to revenues so a budget must have certain levels of achievement prior to accepting variable expenses. This means allowing everyone to view weekly and monthly results so as you reach some goals and miss others the staff is in tune with the companies’ direction.

What is your reward both personally and for the staff if a yearly goal is reached? The carrot must be there to encourage performance. The more the company plays as a team the stronger the performance.

Some tightwads do not understand this concept and there is a revolving door for employees and the company suffers and sometimes goes away. Don’t assume because the market has a lot of salesmen available that you can replace yours so easily. What you might get is worse than what you gave away.

A budget and a business plan is an essential tool to understand how a leasing activity should function. It does not make any difference if the activity is one broker or over 1,000 employees the direction of the activity needs to be carefully thought out and place on paper to determine, if it is on the correct track. The better we plan the better we perform.

I also believe in five year and longer plans, including retirement, as well as evaluating your one year plan after it has been put into place, which will be a topic for Leasing #102.

If you have any questions, please do not hesitate to give me an email or telephone call, as my response will be free.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for over thirty-five years and can be reached at or 502-649-0448

He invites your questions and queries.

Mr. Winders, CLP, is also planning a series of workshops this fall. Look for announcements to appear soon.

Previous #102 Columns:

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




Top Stories---August 29--September 1

Here are the top ten stories opened by readers:

(1) Jules and Associates, Los Angeles, California
Bulletin Board Complaint

(2) Balboa Capital, Irvine, California joins
Companies who notify lessee in advance of lease expiration
and require their discounter to also notify lessee in advance

(3) “New”
Companies Who Do Not Notify Lessee regarding termination
nor have such a standard for their discounters

(4) Leasing 102 by Mr. Terry Winders, CLP
Pressure to be sloppy

(5) eLease/Team Funding Solutions join
Companies who notify lessee in advance of lease expiration

and require their discounter to also
notify lessee in advance

(6) Career Crossroad---“Thinking about Leaving”

(7) Leasing Company Hurricane Irene Reaction

(8) Hugh Swandel---Chris Walker Chicago Marathon---Up-Date

(9) 25 CEO who earned more than their company paid in Fed.Taxes

(10) Dale Kluga, Cobra Capital, Big Bank Toxic Credit Cards and
not lending on fair terms to small business
(depending on your connection speed, Bloomberg may be a minute download)

John Kenny Receivables Management

• End of Lease Negotiations & Enforcement

• Fraud Investigations
• Credit Investigations • Asset Searches
• Skip-tracing • Third-party Commercial Collections | ph 315-866-1167|


Bank Beat---One Georgia Bank Fails No Profit six years,
Other only one year profit, Making Total 19 this Year

The two offices of CreekSide Bank, Woodstock, Georgia were closed with Georgia Commerce Bank, Atlanta, Georgia, acquired the banking operations, including all the deposits. This is a young bank, formed July 24, 2006 with an office in Acworth

and Woodstock,

Located 30 miles north of Atlanta and 12 miles south of Canton, CreekSide Bank went from 20 full time employees in year-end 2008 to 13 full time employees, June 30, 2011.

The bank never had a profitable year and within five years went from equity of $16.7 million to $651,000 June 30, 2011. Again, it was construction and land development loans, followed by nonfarm nonresidential loans that took this bank down. Tier 1 risk-based capital ratio: 0.78%

"Larry Peterson, formerly president and CEO of Fidelity Bank, Atlanta, was president and Copal Wilson, previously COO and CFO Century Bank, Cartersville, CFO. Six of CreekSide's 12 directors have served on other bank boards. Notable directors include Bill Archer, executive vice president, Georgia Power Co.; Paul Beckham, chairman of public relations firm Hope-Beckham Inc.; Mike Evans, vice chairman of the Georgia Department of Transportation board; professional golfer Larry Nelson; and Orlando Wilson, retired fishing personality."

Never off to a good start; the years 2009 and 2010 did them in, with bad land and construction loan judgment, and they basically ran the bank into the ground.

(in millions, unless otherwise)

Net Equity




Non-Current Loans


Charge Offs

2006 0
2007 0
2008 $55,000 ($29,000 Construction and Land, $$24,000 1-4 family)
2009 $3.7 ($3.5 Construction and land, $101,000 commercial/industrial, $84,000 1-4 family)
2010 $2.8 ($2.2 Construction and land, $399,000 commercial/industrial, $243,000 nonfarm-nonres.)
6/31 $547,000 ($538,000 construction and land, $282,000 1-4 family, $227,000 nonfarm-nonres.

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans:

As of June 30, 2011, CreekSide Bank had total assets of $102.3 million and total deposits of $96.6 million. The loss-share transaction for CreekSide Bank covers $69.2 million of its assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for CreekSide Bank will be $27.3 million.

Patriot Bank of Georgia, Cumming, Georgia was closed with Georgia Commerce Bank, Atlanta, Georgia, acquired the banking operations, including all the deposits. Formed July 3, 2006, the bank was down to 16 full time employees June 30, 2011. Tier 1 risk-based capital ratio 2.12%.

This bank only had one year of profit, 2007 at $673,000, and went in 5 1/2 years from $15.7 million in equity to $2.7 million; again the largest charge offs in construction and land development loans.

John D. Bramblett
President & CEO
Patriot Bank of Georgia
Board of Directors, Georgia Banking Association

Bramblett announced the bank officially opened for business on July 3, 2006 with "...a staff of 12 seasoned bankers.” Collectively, the staff has over 207 years of banking experience or an average of 17 years per employee" said Bramblett. "We are excited about the group of talented banking professionals we have assembled. The staff includes John D. Bramblett, President and CEO; Gary S. Lochbaum, Executive Vice President and Senior Lender; Lynn H. Barron, Executive Vice President and Chief Financial Officer; Christian F. Matulich, Senior Vice President, Residential Construction/Mortgage Manager..."!search/profile/person?personId=449067621&targetid=profile

(in millions, unless otherwise)

Net Equity




Non-Current Loans


Charge Offs

2006 0
2007 0
2008 $1.3 ($1 Construction and land, $138,000 nonfarm/nonresidential, $49,000 commercial/industrial
2009 $1.9 ($689,000 C&L, $467,000 1-4 family, $366,000 commercial/industrial $244,000 nonfarm/nonres, $130,000 multifamily
2010 $4.1 ($1.9 C&L, $1.2 commercial, $716,000 nonfarm/nonres., $348,000 1-4 family, $16,000 indiv.)
6/31 $557,000 ($371,000 C&L, $181,000 1-4 family, $186, commercial/ind. $105,000 nonfarm)

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non Residential loans.

As of June 30, 2011, Patriot Bank of Georgia had approximately $150.8 million in total assets and $111.2 million in total deposits. The loss-share transaction for Patriot Bank of Georgia covers $136.2 million of its assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for Patriot Bank of Georgia will be $44.4 million.

Tracking Bank Failures Map:

List of Bank Failures:

Bank Beat:




AZELA Fall Meeting
October 18, 2011---8:30am to 10:00am

CoCo’s Bakery & Restaurant– Paradise Valley Mall
4514 East Cactus Road
Phoenix, AZ 85032
602) 953-9155

Alternative Financing Seminar
– When Traditional Lease Financing Doesn’t Fit

Networking, Continental Breakfast

$10 in advance, $15 at the door

More about the Meeting:


Leasing Conference Up-date---All Non-Profit Conferences----

((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)

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

IRS Catches Santa Ana Stop & Shop Liquor Store Owner Structuring
Cash Deposits in Garden Grove Bank

Santa Ana – Lan Nhu Ngo, owner of Stop & Shop, Inc., located in Santa Ana, plead guilty last Friday to structuring her cash deposits at a Garden Grove bank.

Lan Nhu Ngo, 48, pleaded guilty to one count of structuring her cash deposits at a Garden Grove branch of Hanmi Bank. Ngo admitted that she structured her deposits to evade currency reporting requirements.

According to the plea agreement, from January 1, 2009 through July 30, 2010, Ngo made 158 cash deposits in exact amounts of $10,000 and 53 deposits between the amounts of $9,000 and $9,900. The structured deposits totaled $2,082,500 in currency.

Lan Nhu Ngo was previously indicted on January 5, 2011.

“Structuring your bank deposits to evade currency reporting requirements is a Bank Secrecy Act crime that is taken seriously by the IRS,” said Joel P. Garland, Acting Special Agent in Charge for the IRS-Criminal Investigation, Los Angeles Field Office. “If you structure your deposits and you are caught by the IRS, you will face the consequences.”

The statutory maximum sentence is five years imprisonment; a three year period of supervised release; a fine of $259,000 or twice the gross gain or loss resulting from the offense, whichever is greatest; and a mandatory special assessment of $100.

The investigation of Lan Nhu Ngo was conducted by IRS – Criminal Investigation and the United States Attorney’s Office in Los Angeles.

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


Renowned Yale Economist Cites Anxiety for Economy Woes

High financial anxiety is behind the deteriorating housing market and the volatility of the stock market according to Yale economist Robert Shiller.

SAN FRANCISCO, Calif. – The Money Anxiety Index (, which rose to a 30-year high of 99.8 in September, is suppressing the economy in all major area such as job growth, consumer spending, housing, and even the stock market. The role of increased financial anxiety in the woes of the economy was cited by Yale economist Robert Shiller in an interview last week on Wealthtrack with Consuelo Mack.

According to Professor Shiller, a major reason for the sluggish economy and deteriorating housing market is a “social epidemic that feeds in to our anxiety.” He suggests that “in the mind there is anxiety” that holds people back from buying houses and increasing consumption. Moreover, Professor Shiller points to financial anxiety as a major factor in the stock market volatility, and he foresees “a substantial drop in stock prices, I am talking big, especially with the anxiety.”

“It’s very encouraging to see a top economist recognizing the role that financial anxiety plays in the direction of the economy,” said Dan Geller, Ph.D. Chief Research Officer at Money Anxiety Index, “the link between the level of financial anxiety and the economy is very strong and significant. In the past 50 years, an increase in the Money Anxiety Index was always followed by an economic slowdown or a recession.”

About Money Anxiety Index
The Money Anxiety Index (MAI) measures various economic indicators and factors associated with consumers’ level of financial worry and stress. MAI, which measured the level of financial anxiety for the past 50 years, fluctuated from a high of 136.0 during the early 1980s recession, and a low of 40.3 in the mid 1960s (January 1975 = 100). The Money Anxiety Index was developed using Structural Equation Modeling (SEM) with a large sample size of monthly economic indicators ranging from 1959 to 2010.

The Money Anxiety Index (MAI) differs from other indices of consumer confidence mainly because its measurement is objective rather than subjective. MAI measures how economic indicators are impacting consumers’ behavior (objective) rather than how consumers say they feel about the economy (subjective), which is the methodology used by survey-based consumer confidence indices.

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


Atlanta, Georgia-- Adopt-a-Dog

Duke D

"I am- a 93 lb , 18 month old Golden boy! I am one big bundle of lovable fellow who likes kids, other dogs and all people. My favorite sports are swimming and playing. I have lots of energy and need space to run and jump around and wear myself out! I haven't met one of those cat things so we're still not sure about that. The dog doctor says I'm very healthy and so just step right up and put your order in- I'll be waiting, I'm excited to meet you!-Duke D."

Adoption Procedure:

Adoption Application:

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

Adopt a Pet


More Leasing Company Hurricane Irene Reaction

Hurricane Alley

Baltimore, Maryland
Mitchell Larkin
Sentry Financial Corporation

"I found the ‘spot’ commentary very interesting regarding Hurricane Irene. The one from Baltimore, MD was of particular interest to me. I live in the greater Baltimore area and my power was out from 1am on Sunday until noon on Tuesday and there are still many people without power and water and it is Friday @ 9:45am. So I would say that the Hurricane hit the Baltimore area pretty hard. There may have been pockets that were fortunate enough not to have lost power and/or water."

Oyster Bay, New York
Curt Webster, CVLE
Vehicle Lenders Group, LLC

“It has been quite devastating to many people in New York State. Considering Irene was only a category 1 hurricane it has caused much damage to us and the New England area. Flooding seems to be the biggest problem upstate and in New Jersey and Vermont. Here on Long Island I am one of more than a 100,000 families that are without power, which includes internet and telephone. It is a huge inconvenience but in the overall scheme of things we did not lose our lives of have our property damaged.

“At our business we just got our phones up yesterday (Thursday) morning and where doing business with all calls being forwarded to our mobile phones. We ended the month with over 40 deals so we were happy with the month. We had over 10 deals at the bank so we start with a great month. It could have been much worse.

“We are counting our blessings.

News Briefs---

Bank of America could cut as many as 30,000 jobs worldwide

Postal Service Struggles to Stay Solvent, and Relevant

Katia ramps up power, but seen missing East Coast

Wildfires in Parched Texas Kill 2 and Destroy Homes

European markets tremble at confluence of economic worries

Most U.S. workers want to be entrepreneurs


Corrections: The links were corrected on line in the last edition, here they are corrected for those who would like to try again:

Dale Kluga, Cobra Capital, Big Bank Toxic Credit Cards and not lending on fair terms to small business (depending on your connection speed, Bloomberg may be a minute download)

25 CEO who earned more than their company paid in Fed. Taxes



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StumbleUpon tailors results to users' interests


Sports Briefs----

Hornets convert 2-pointer, shock Oregon State in OT

Raiders 2011 season forecasts



"Gimme that wine"---

Hurricane Hurt Eastern Vineyards

Hailstorms decimate Mosel

At Sonoma Valley wine auction, hilarity sells

Peter Mondavi Sr. talks about family history, changes in the Napa Valley


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

This Day in American History

    1492 - Columbus' fleet sailed from Gomera, Canary Islands.
    1620--- Pilgrims set sail from Plymouth England to the New World
    1667--a "Dreadful hurricane" hit Virginia with 12 inches of rain. It overturned houses, stripped the fields of crops and pushed tides 12 feet above normal
    1757- Birthday of French general and aristocrat, Marquis de Lafayette, whose full name was Marie-Joseph-Paul-Yves-Roch-Gilbert du Motier, came to America to assist in the revolutionary cause and volunteered to serve without compensation. He was awarded a major-generalship and began a lasting friendship with the Amer­ican commander-in-chief, George Washington. After an alliance was signed with France, he returned to his native country and persuaded Louis XVI to send a 6,000-man force to assist the Americans. On his return, he was given command of an army at Virginia and was instrumental in forcing the surrender of Lord Cornwallis at Yorktown, leading to the end of the war and Amer­ican independence. He was hailed as "The Hero of Two Worlds" and was appointed a brigadier general on his return to France in 1782. He became a leader of the liberal aristocrats during the early days of the French revolution, presenting to the National Assembly his draft of "A Declaration of the Rights of Man and of the Citizen." As the commander of the newly formed national guard of Paris, he rescued Louis XVI and Marie-Antoinette from a crowd that stormed Versailles Oct 6, 1789-Returning them to Paris where they became hostages of the revolution. His popu­larity waned after his guards opened fire on angry demonstrators demanding abdication of the king in 1791. He fled to Austria with the overthrow of the monarchy in 1792, returning when Napoleon Bonaparte came to power. Born at Chavaniac, he died at Paris, May 20, 1834.
    1800-Birthday of Catharine Beecher, born at East Hampton, NY, in addition to teaching herself mathematics, philosophy and Latin, Beecher had been formally educated in art and music. An early advocate for equal education for women, she founded the Hartford Female Seminary, which was widely recognized for its advanced curriculum. She was also instrumental in the founding of women's colleges in Iowa, Illinois and Wisconsin. Beecher died May 12,1878 at Elmira, NY.
    1819- Thomas Blanchard of Middlebury, CT obtained a patent for a machine for fashioning irregular forms and called it a "profile lathe, a machine for manufacturing gun stocks." the lathe did the work of 13 operators and made possible a great reduction in woodworking prices.
    1837-- Known today as Oberlin College, the Oberlin Collegiate Institute of Ohio formally opened its doors to women as four women joined 30 men for college educations.
    1844 - Western explorer John C. Fremont arrives at the shores of the Great Salt Lake, one of the many areas he will map for the lasting benefit of a westward-moving nation. After Fremont's Great Basin map was published, one commentator noted, it "changed the entire picture of the West." It also made Fremont a national hero. Along with charts resulting from three further expeditions, Fremont's maps became indispensable guides to thousands of overland immigrants heading westward to begin new lives.
    1860-Birthday of Jane Addams, American worker for peace, social welfare, rights of women, co-winner of Nobel Prize, 1931. Born at Cedarville, IL, she died May 21, 1935 at Chicago, IL. She and her life partner Ellen Gates Starr founded Hull House in Chicago, Illinois. The networking that Hull House enabled changed the social conscience of the United States - and taught women they could accomplish just about anything, plus helped many disadvantage people gain a better life. Jane Adams is studied in high school history today, perhaps one of the most influential women in American history
1862 Stonewall Jackson occupies Fredrick, Maryland
    1862-Did Barbara Fritchie wave the Union flag at "Stonewall"
Jackson and dare her to shoot her but not the flag or was it
John Greenleaf Whittier poem?
    1866-The first delegate to a national political convention who was an African-America was Frederick Douglass (1) of Rochester, NY, who attended the National Loyalists' Loyal Union Convention at Philadelphia, PA.
    1869-One of the worst coal mine disaster; 110 men and boys perished in Avondale, PA. A fire broke out in the mineshaft, cutting off the miners' escape route and their own source of air. the trapped miners tried to keep toxic fumes out of the tunnel by building a wall of boxes, barrels, and their own clothing, but the effort was hopeless. This was the conditions in the mines until after the turn of the century and unionization.
1869-The first westbound train arrives in San Francisco.
1876 -Southern Pacific railroad line from Los Angeles to San Francisco completed

1877-Birthday of legendary New Orleans trumpet player Buddy Bolden ***
    1881-The famous "Yellow Day" in the northeast caused by Michigan forest fires where 20 villages were burned and 500 killed. The smoke filtered out most of the light and left a brassy tinge on everything
    1892- John Froelich of Froelich,IA, shipped out one of his first gasoline tractors to Landford, SD, where it was employed from September 24 to November 16 in threasing. It had a Van Duzen vertical single-cylinder gasoline engine mounted on wooden beams to operate a J.I. Case threshing machine. In 1893, Froelich formed the Waterloo Gasoline Traction Engine Company, Waterloo, IA, which was lager acquired by the John Deere Plow Company.
    1899-Carnation processes its first can of evaporated milk, Kent, WA.
    1901-For the third time in the nation's history a president was assassinated. President William McKinley was visiting the Pan-American Exposition in Buffalo, NY. While greeting visitors he was shot twice in the abdomen by a young anarchist, Leon Czolgosz, who was carrying a concealed pistol in a handkerchief. For a few days McKinley seemed to be recovering, but he took a turn for the worse and died on September 14 at 2:15am. McKinley, 58, was succeeded by Vice-President Theodore Roosevelt, who became the 26 th president of the United States. Roosevelt took the presidential oath in the same house in Buffalo where the boy of McKinley awaited transportation to Canton, Ohio, for burial. Roosevelt was not quite 43 years old and so was the youngest person to hold the office of president. Conservative Republicans, who had been happy with McKinley, were appalled. As governor of New York, Roosevelt had shown liberal tendencies. He had gained the vice president nomination in 1900 partly because republican leaders sought to keep him in a harmless post.
(lower half of:.
    1905-Birthday of singer Chippie Hill, Charleston, SC.
    1909-Topeka, KS is drenched with 8.08 inches of rain in 24 hours to establish an all-time record for that city
    1912-Birthday of Vincent Paul DiMaggio, baseball player born at Martinez, CA. The oldest of the three major league DiMaggio brothers, played ten years in the National League. Died at North Hollywood, CA. October 3, 1966.
    1915 - The first tank prototype was completed and given its first test drive on this day, developed by William Foster & Company for the British army. Several European nations had been working on the development of a shielded, tracked vehicle that could cross the uneven terrain of World War I trenches, but Great Britain was the first to succeed. Lightly armed with machine guns, the tanks made their first authoritative appearance at the Battle of Cambrai in 1917, when 474 British tanks managed to break through the German lines. The Allies began using the vehicles in increasing numbers throughout the rest of the war. After World War I, European nations on all sides continued to build tanks at a frantic pace, arming them with even heavier artillery and plating. This competitive stockpiling came to a lethal head on the battlefields of World War II.
    1925-Birthday of guitarist Eddie Duran, San Francisco, CA.
    1937-Benny Goodman bad records " Sugar Foot Stomp."
    1938 The movie "Boys Town" was first released by MGM studios. Starring Spencer Tracy, the award-winning film depicted the founding of the famous vocational institution in Nebraska in 1917 by parish priest Father Edward J. Flanagan, 31.
    1944 - All four carrier groups of US Task Force 38 (Admiral Mitscher), 16 aircraft carriers, begin air strikes on Japanese positions on the islands. The commander of the US 3rd Fleet, Admiral Halsey, is present on board the battleship USS New Jersey.
    1952---"Wish You Were Here" by Eddie Fisher topped the charts and stayed there for a week
    1953--MARTINEZ, BENITO Medal of Honor
Rank and organization: Corporal, U.S. Army, Company A, 27th Infantry Regiment, 25th Infantry Division. Place and date: Near Satae-ri Korea, 6 September 1952. Entered service at: Fort Hancock, Tex. Born: 21 March 1931, Fort Hancock, Tex. G.O. No.: 96, 29 December 1953. Citation. Cpl. Martinez, a machine gunner with Company A, distinguished himself by conspicuous gallantry and outstanding courage above and beyond the call of duty in action against the enemy. While manning a listening post forward of the main line of resistance, his position was attacked by a hostile force of reinforced company strength. In the bitter fighting which ensued, the enemy infiltrated the defense perimeter and, realizing that encirclement was imminent, Cpl. Martinez elected to remain at his post in an attempt to stem the onslaught. In a daring defense, he raked the attacking troops with crippling fire, inflicting numerous casualties. Although contacted by sound power phone several times, he insisted that no attempt be made to rescue him because of the danger involved. Soon thereafter, the hostile forces rushed the emplacement, forcing him to make a limited withdrawal with only an automatic rifle and pistol to defend himself. After a courageous 6-hour stand and shortly before dawn, he called in for the last time, stating that the enemy was converging on his position His magnificent stand enabled friendly elements to reorganize, attack, and regain the key terrain. Cpl. Martinez' incredible valor and supreme sacrifice reflect lasting glory upon himself and are in keeping with the honored traditions of the military service.
    1954-Integraton begins in Washington, DC, and Baltimore, MD.
    1955- "Wyatt Earp" premiered on television starring Hugh O'Brien. My father Lawrence Menkin wrote several episodes.
    1956---Top Hits
Hound Dog/Don't Be Cruel - Elvis Presley
Canadian Sunset - Hugo Winterhalter & Eddie Heywood
Tonight You Belong to Me - Patience & Prudence
I Walk the Line - Johnny Cash
    1957 - No. 1 Billboard Pop Hit: "Diana," Paul Anka.
    1958 - Actor Steve McQueen starred on the CBS-TV series, "Wanted: Dead or Alive". McQueen played bounty hunter Josh Randall. Randall was a man of few words but sure knew how to use his .30-.40 sawed-off carbine on the bad guys. My late father Lawrence Menkin wrote many of the episodes.
    1958 - Georgia Gibbs sang "The Hula-Hoop Song" on "The Ed Sullivan Show". It was the first national exposure for the Hula-Hoop craze. Many people recorded the song to capitalize on the fad, including Teresa Brewer and Betty Johnson. Like sometimes happens with fads, these songs didn't become very popular. The Hula-Hoop craze lasted a bit longer...
    1959 - The first Barbie Doll was sold by Mattel Toy Corporation. The original Barbie, along with her pals, Ken and Skipper, are now collectors items, although new versions are continually being produced.
    1961 - Bob Dylan gave one of his first performances at the Gaslight Cafe in Greenwich Village. The Gaslight was originally a 'basket house', where performers were paid from the contents of a basket that had been passed around.
    1964---Top Hits
The House of the Rising Sun - The Animals
Because - The Dave Clark Five
Bread and Butter - The Newbeats
I Guess I'm Crazy - Jim Reeves
    1967--DAVIS, RODNEY MAXWELL Medal of Honor
Rank and organization: Sergeant, U.S. Marine Corps, Company B, 1st Battalion, 5th Marines, 1st Marine Division. Place and date: Quang Nam Province, Republic of Vietnam, 6 September 1967. Entered service at: Macon, Ga. Born: 7 April 1942, Macon, Ga. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as the right guide of the 2d Platoon, Company B, in action against enemy forces. Elements of the 2d Platoon were pinned down by a numerically superior force of attacking North Vietnamese Army Regulars. Remnants of the platoon were located in a trench line where Sgt. Davis was directing the fire of his men in an attempt to repel the enemy attack. Disregarding the enemy hand grenades and high volume of small arms and mortar fire, Sgt. Davis moved from man to man shouting words of encouragement to each of them while firing and throwing grenades at the onrushing enemy. When an enemy grenade landed in the trench in the midst of his men, Sgt. Davis, realizing the gravity of the situation, and in a final valiant act of complete self-sacrifice, instantly threw himself upon the grenade, absorbing with his body the full and terrific force of the explosion. Through his extraordinary initiative and inspiring valor in the face of almost certain death, Sgt. Davis saved his comrades from injury and possible loss of life, enabled his platoon to hold its vital position, and upheld the highest traditions of the Marine Corps and the U.S. Naval Service. He gallantly gave his life for his country.
    1969 - Singer, songwriter David Bowie debuted on U.K. charts with "Space Oddity". You remember, "Ground Control to Major Tom, Ground Control to Major Tom ... Check ignition and may God's love be with you, Three, Two, One, Liftoff..." "Space Oddity" peaked at #5 in the U.K. The song's release was timed for the U.S. moon landing, but didn't make the U.S. charts until its re-release in 1973 (it reached #15).
    1969-Bob Dylan's "Lay Lady Lay" peaks at #7 on the pop singles chart.
    1971 - No. 1 Billboard Pop Hit: "Go Away Little Girl," Donny Osmond. Steve Lawrence hit No. 1 with the song in 1963, making this the first song in the rock era to be a No. 1 hit for two people.
    1972 - Rick DeMont lost the gold medal he received in a 400-meter swimming event because a banned drug was found in his system during routine drug testing.
    1972---Top Hits
Alone Again (Naturally) - Gilbert O'Sullivan
Long Cool Woman (In a Black Dress) - The Hollies
I'm Still in Love with You - Al Green
Woman (Sensuous Woman) - Don Gibson
    1973 - Avenging the loss of his gold medal one year earlier, swimmer Rick DeMont captured the 400-meter freestyle event with a world record time of 3:58.18 ... without drugs.
    1975 - Glen Campbell hit #1 on the "Billboard" pop music chart with "Rhinestone Cowboy". It had reached the top position on the country chart on August 23rd.
    1975-Chris Evert won the first of her six US Open women's singles titles by defeating Evonne Goolagong, 5-7, 6-4, 6-2.
    1976 - Dean Martin and Jerry Lewis were reunited by Frank Sinatra -- after 20 years of going their separate ways. The former comedy team warmly met each other again during a surprise visit by Martin to Lewis's annual "Labor Day Telethon" for Muscular Dystrophy.
    1976- Los Angeles Dodgers catcher Steve Yeager, waiting in the on deck circle, was seriously injured when he was struck in the neck by a shattered bat. The injury caused Yeager to introduce a new piece of baseball equipment, the neck protector, a flag attached to his catcher's mask.
    1976-Fleetwood Mac tops the U.S. LP chart for the first time with "Fleetwood Mac."
    1980 - Miss Oklahoma, Susan Powell, was crowned Miss America in Atlantic City, NJ. It was the first time in 25 years that Bert Parks had not served as master of ceremonies for the show. He had been dismissed because the pageant committee considered him to be too old. Former TV "Tarzan", Ron Ely, was chosen to host the festivities.
    1980- "Upside Down" by Diana Ross topped the charts and stayed there for 4 weeks.
    1980---Top Hits
Upside Down - Diana Ross
Emotional Rescue - The Rolling Stones
All Out of Love - Air Supply
Lookin' for Love - Johnny Lee
    1980-Paul Simon's "One Trick Pony" enters the album charts, as does The Cars' "Panorama," The Allman Brothers' "Reach For The Sky" and Eddie Money's "Playing For Keeps."
    1982 - No. 1 Billboard Pop Hit: "Hard to Say I'm Sorry," Chicago.
    1986 - Bananarama hit the top spot on the pop music charts with "Venus". The tune had also been a number one hit for the Dutch group, The Shocking Blue (2/07/70).
    1985- Michael Jackson buys ATV Music (every Beatle songs) for $47« million
    1986-- Barbra Streisand's first live concert in 20 years. Taped on Sept. 6, 1986, before 500 invited guests at her California home, the concert was called "Barbra Streisand: One Voice" and aired on HBO on Dec. 27, 1986 to enormous acclaim.

    1988---Top Hits
Monkey - George Michael
Sweet Child o' Mine - Guns N' Roses
Simply Irresistible - Robert Palmer
I Couldn't Leave You if I Tried - Rodney Crowell
    1988- the Hispanic population of the US increased 34% since the 1980 census, the Census Bureau reported. There were now approximately 19,400,000 people of Hispanic background, and they represented 8.1% of the total population. More than half of them lived in California and Texas. The 2000 Census showed California had over 41% population Hispanic.
    1995-Cal Ripken, Jr. of the Baltimore Orioles played in his 2,131 st consecutive game, thus breaking Lou Gehrig's mark. Ripken hit a home run as the O's defeated the California Angeles, 4-2.
    1996- Eddie Murray of the Baltimore Orioles hit the 500 th home run of his career, joining Willie Mays and Henry Aaron as the only ballplayers to retire with at lest 500 homes and 30,000 hits. Murray homered in the 7 th inning against Felipe Lira of the Detroit Tigers. The orioles lost the game, 5-4, in 12 innings
    1997 - The Westminster Abbey funeral for Diana, Princess of Wales, was an extraordinary event, marked by numerous poignant moments: The people sobbing and throwing flowers at the funeral cortege winding through the streets of London. Her sons, walking behind her casket with their heads bowed. And Diana's brother, who during his funeral oration took aim at the media, who he said made the princess "the most hunted person of the modern age." Elton John sang a rewritten version of "Candle in the Wind" to "England's rose". The song was originally a tribute to film legend Marilyn Monroe, whose own tragic life, like Diana's, ended at the age of just 36.


thought I heard Buddy Bolden say,
Dirty, nasty stinky butt, take it away,
Dirty, nasty stinky butt, take it away,
And let Mister Bolden play . . .

Jelly Roll Morton






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