Meanwhile the eToys lawsuit versus AOL gets an update
Meanwhile the eToys lawsuit versus AOL gets an update
Can't a man just make any money these days?
I have to admit - this group has given me great relief and many chuckles this week.
Good one Fd
and the answer is yes - but not by fleecing everyone in the name of the Law!
I have rec'd the private emails.
Traub was at www.ebglaw.com
(go to the professionals portion and look under T)
There is NO press release on his departure
NO press release we can find on Gordon Brother's website
of his coming there.
Just his profile.
Traub's team of Maura Russell and Stephen Fox appear to have stayed at Epstein Becker Green.
We do not know about Cindy Williams (his "gal" book keeper).
NAIVETE works to our dismay.
Many of you following this saga will get a chuckle out of this.
Toby Lenk (the founder of eToys) and his original gang of executives were promised lucrative positions; if they would just abandon ship. Highly unusual to do so - because everyone likes to milk out their paychecks. Even more relevant in eToys - because Speciously - an Order had been obtained Doubling everyone's salary.
So there were many discussions on who to bring on board to replace the Senior Exec's of eToys (and as a technical issue) - you had to keep one person on board from the original Exec's or eToys would be VOID of "client status" and by the Code/Rule of Law - be forced to convert to a Chapter 7 - insted of a "liquidating" Chapter 11 (which is also technically and ILLEGAL doctrine (Chapter 11 are - by Congressional mandate - specifically for RE-Organizaton)).
But I digress
So in walks Barry Gold - and I have to admit - I found him charming and humorous (he is a life time handicap due to a stutterer impediment).
We had sold eToys.com to Bain/ Kay Bee for $10 million.
As was with all things linked to Paul Traub - the price mystically kept spiral down (and I bluffed him by a sweet move to keep it at $3 million).
So I pull Barry Gold over to the side one day - not knowing he was a partner for nearly 20 years with Paul Traub. And I say naive;
"Be very careful Barry - I believe Paul Traub may be a crook"
You can just imagine how much they laughed at me being an idiot.
That is when the campaign began to destroy me.
The real funny thing is - had I not been blessed with a phone call - I was about to tell Barry Gold how we were bluffing Paul Traub to get Bain / Kay Bee to pay $3 million.
My only other bid was $45,000.....
More great moments to come
Including how the Dept of Justice Trial Attorney made a lapse linguae
and provided us the way to find the Smoking Gun - that brought down the house!
DOJ Trial Attorney Mark Kenney - to this very day - is the one most guilty
and most seditious (along with Region 3 US Trustee Roberta DeAngelis).
As I say - it was Mark Kenney's angry slip of the tongue - that led to buried treasure!
Dept of Justice gives Laser Haas the Smoking Gun
Being shrewd - it had occured to me that my attorney (Henry Heiman) was playing a twisted game. When he was originally hired for my company (CLI) - he said we had an ironclad case and the court would order my final payment within 90 days.
Two years later - Henry Heiman was acting real strange and had done a 100% turn around on his opinion. Stating we have to wait to see this, we may not have a good case because of that ---- etc -- etc.
So I said to myself, I know 4 people that I went to school with - you nearly failed English class and 1 is a prosecutor, 1 is a judge and the two others are very well known attorneys. Thus I began to go to the Law library and research how much of a genius one has to be to graduate the Bar.
Then one retired attorney asked me one day - "you are here all the time" - it is the summer/ are you clerking for a judge - or do you need a tutor"? That is when I was instructed - over the next several weeks - that there is more to be a legal professional than knowledge of the Code/Rule of Law. His name was Israel Weinstock and we became friends. He was an attorney who was disbarred for reporting corruption and he loved the Law.
So I bluffed my attorney - if he was "in" on fixing me - I would make him feel like he was OUT of the LOOP with his fix. I sent him an email and called him, in turn he called Paul Traub and Susan Balaschak (Traub's partner) - and that resulted in Henry Heiman fighting with them. As a result - Henry Heiman - our Attorney at Law; emailed me a Threat to "back off" from pursuing issues against Paul Traub and his gang.
This, I reported to the Dept of Justice as Israel Weinstock and others made me aware that such was Obstruction of Justice; and against the Law. To my astonishment, the DOJ Trial Attorney for the US Trustee (Mark Kenney) - yelled and screamed on the phone (somewhat like Michael Fox of Traub Bonacquist & Fox).
Then Mark Kenney inadvertently made a slip of the tongue that helped me find the Smoking Gun; which gave irrefutable and overwhelming proof that Paul Traub had supplied over 17 false affidavits.
Mark Kenney - the very DOJ party working for the POLICE of the Federal Bankruptcy Court talked to me like an average layman (which was no longer true) - and said "We took care of Paul Traub and Barry Gold issues in the Bonus Sales case".
What Mr. Kenney was not aware of is that I had heard the name Bonus before. Paul Traub used to be a different firm - instead of Traub Bonacquist & Fox - he used to be Traub Bonacquist & Yellen. A former partner of MR. Paul Traub did not like his nefarious ways and said he could not help me where it would betray a client; but he did ask me (laughing loudly for quite some time) - why I did not research Bonus. A competitor of Traub's asked the same thing. Was too naive at the time to have a clue what it meant.
In the Bonus Sales case (DE Bankr 03-12284) - Paul Traub had received a US Trustee objection - that Objection was about Fleet Bank and Asset Disposition Advisors (ADA). What I had now been instructed to do was get a PACER legal case Public research account and a person who set up the program instructed me how to search inside the pleadings - without opening every single one -
There it was - the Smoking Gun
An affidavit by ADA - and on the bottom it had a vanity letterhead NOTE
Paul Traub principal and on the other side Barry Gold principal
(www.petters-fraud.com/DOJ_Cover_UP.html )to see the items.
Thing was - for four years - Paul Traub had submitted affidavits Under oath and Penalty of Perjury - that he and Barry Gold had nothing to do with each other.
So I asked Henry Heiman to put in the proof of the Fraud and he panicked. Said he was not hired to do that type of thing and refused to give my files to other attorneys.
They gave Henry Heiman new cases - he abandoned his client - and the War began. The shareholders contacted me and said they knew Traub was up to no good and we joined forces. They then attacked him and that is the Jack Abramoff part of the story.
Legal issues are complex because they attempt to make things simple. An issue that was my career as a Liquidation Consultant - was;
Maximize Returns with minimum expense!
Such was achieved by the fact that my competitors always stole from their clients. They would promise a bank to get back $10 million and I would promise the bank they would get back $5 million.
If I did the job - the bank would get back $4.8 million to $5.2 million.
When my competitor did the job = the client would be lucky to get back $1 or $2 million.
This would make it easy for me to shine once we were compared equally by same scenario results.
Problem was - my company gives a bank projections for $5 million and 3 thieving competitors give a lender/creditors a chance to get $10 or $12 million;
the lender will ignore me!
My first major break into the business was a retired person who later became my partner. He had dinner with me at the Sheration in Pittsburgh during Appliance Inc liquidation. He had been the Senior Executive VP of ITT Finance Worldwide. When Deutsche Bank bought out ITT Finance for $10 Billion plus $800 million profit; he retired and became a - once in a while consultant.
In Appliance Stores Inc in Penn he was promised $5 million and I offered him $2 million. He thanked me for buying dinner and said bankers hate liquidators in the same manner that people have disdain for lawyers.
What I gave him then and did for several years - was a Time Capsule envelope. It provided the Bank guarantee that we could pay the $2 million and detailed what would happen to him in the Appliance Store deal.
My projection reflected upon the different problems, costs, insurances, rents and securities and forewarned him that he would net $900,000
He netted less than $400,000.
Did the same thing for the next several years in many other cases. Then one day he said Haas - I will now give you the chance. The case was Phil & Jim's in Los Angeles. During the Northridge earthquake - I took the ITT VP around to many millions upon millions of dollars in daily bids on Sears, Montgomery Wards, Adray's appliance, Ethan Allen and more. His eyes now wide open, I also had to make him aware that we were doing this one as partners. In business - as in life - there is NO such thing as fair; you only get what you negotiate. The truth of the matter is subjective to pre conceived notions - having nothing to do with reality.
So I asked him to allow me to bid and tell his former bosses - that I would pay his salary. They received 22 bids on doing the deal. All promising $40 million or so in returns. I told him the net return would be more like $19 mil; and instructed him to tell his former bosses that the bidders must put up a letter of credit for 50 percent of what they would guarantee as a net return. Everyone dropped their bid to $10 million and offered $5 million Letter of Credits.
Thus my bid to do the deal for 5% commission and a bonus of 5% more if I could keep the expenses under 10% was accepted. I offered the former ITT Exec his weekly per diem and expenses that Deutsche Bank would give him (about $50,000 for 2 months) - or - he could have a 60/40 split of my net commission.
When he realized he was going to make $1 million in 60 days - the next week he wound up having open heart surgery - too much stress to a retired work a holic.....
His losing the deal - meant I lost the deal - in walked a Class A Corporate former exec from Whirlpool financial who told me to go fly a kite and he would sell all the assets to local vendors. Resulting in a net back of only $8 million (instead of $22); because this genius decided he could be a liquidation professional. He took brand new refrigerators and was sooooo over budget on expenses, security and thieves stealing all over the place; in order to get more refrig units into each trailer load and try to save on shipping - he turned the refrigerators over on their side and stacked them 3 high. It managed to get 5 more units per trailer load in and crushed, dented and leaked out compressor oil All over the place.
That group of stories leads up to Curtis Mathes and then a few years later eToys.
Difference is - the better my company(s) and personnel grew to handle the liquidations - the higher caliber of criminals organized I would find myself facing. In all those years I would have bet my entire fortune on the fact that the Federal system of justice was a pure one.
Unfortunately - that is about as dumb and incorrect a statement and/or assumption one can make. People are people, whether they be in the Government or McDonald's in Asia. Some are good, many just want to get through the day and get their pay check;
Then there are the bad ones.
Next postings - more liquidation history
The US Department of INjustice and its pursuit in many cases where rogue elements within our government assist Organized Criminals to steal from Americans at will.
Over $300 million was stolen thus far in eToys - and we have confessions with Court docket records. The attorneys confessed to acts of Perjury (more than 34) and were Officers of the Court.
Not only did they lie to the Court - they stole from their CLIENTS in Federal Court.
While the Dept of Justice said it is really no big deal.
Then why did Abramoff get out early and an eToys shareholder have to shoot and kill a nutsy criminal in his house in AZ last week!
Yes, the shareholder had to shoot and kill a well known felon - and the Press has been hired to make a career criminal to look like a hero fallen; while the shareholder who was being beaten to death is painted as the bad guy.
Your tax dollars at work - propoganda that Russia would be envious of!
Now we have another untimely death connected to a party in these cases.
Robert Alber - the eToys shareholder who was abused by Jack Abramoff's associate for the benefit of the fraudsters in the case - had to shoot and kill a home invader last week at his Kingman AZ house.
As is par for the course - the various parties are painting the guy who was arrested in AZ more than a dozen times as the victim/hero and the eToys shareholder as the bad guy.
See the Homicide story for July 13 in this link
THE CAT TEAM
Additional Details---AZ Shooting Death - Just Say News?
The man who was shot and killed had been arrested more than 36 times.
CAO mulls charges after fatal shooting - Kingman Daily Miner - Kingman, Arizona
Yet many posters say he was a kind and wonderful generous guy and paints Alber as a bully.
I am sorry - do not understand the question;
who said what?
That the guy was arrested 36 times
that Alber is the bad guy and the one who died was a good guy?
People are emailing me from all over the place.
IT is a tragic state of affairs - regardless....
Pants! Because no one wants to see your junk but airport security...
Sorry about that.
Most do not comment upon our detailing the facts in cases we work upon.
Was not referencing actual postings here;
email comments to me from our website and blogs and ones read out there (mostly in AZ) when the news break occurred.
Alber was assaulted so much by Abramoff's associate, because Jack Abramoff wanted to seize the Region 3 US Trustee's office for his control
(please see page 12 of Congressional email reports which was yanked down when we first reported the story from ( here ) - but some great patriot's sent the file for me to Archive ( here )
Paul Traub is under investigation from many sources. Soon the eToys story will break again - as we are already putting a dent in BAIN's plans to take Toys R Us public.
There are many facets to this organized criminal debacle that are well beyond conscience shocking - including the fact that the Cover UPs continue.
Did everyone take notice that Joe Biden's campaign was under the heat lamp for DEEP discount airline pricing.
Did Anyone notice that in that report not ONE mention of the fact that the main culprit player was Sun Country Airlines - Paul Traub's partner Tom Petters Airline was the main unit that chartered Joe Biden around for his Presidential Run.....
Joe Biden fined $219K for 2008 presidential campaign violations - Kenneth P. Vogel - POLITICO.com
Joe Biden Fined for 'Sloppy Bookkeeping'
FEC fines Biden more than $200,000 for violations - CNN.com
But the real protection is locked in for his adversary Mitt
Who lied to the American public that he was worth only $200 million
When we sent the Wall Street Journal the proof of his off shore accounts
and much more money secretly held in his name;
Mitt told the public and submitted a custom made Campaign finance report
stating his money was in a Blind Family Trust since 2003
and he did not know how much money he really had.
Tax Questions on such anyone??????
Money Bags Mitt Romney's Wealth Revealed - 19 Action News|Cleveland, OH|Breaking News, Weather, Exclusives
the determination today - that no charges would be filed for the firing of US Attorneys who refused to prosecute for political reasons
is a Travesty of Justice.
Off Da Hook! No Criminal Charges to Be Pursued in GonzoGate - Law Blog - WSJ
Dept of Justice letter to Congress that No Charges will be filed
This is a soap opera, Laser!
Pants! Because no one wants to see your junk but airport security...