The Summit Accommodators Inc. Bankruptcy
Is
"The Most Transparent Bankruptcy Case EVER
in the History of the United States of America" .
And It Will Stay that Way.


www.Summit1031BkJustice.com

www.ObsidianFinanceSucks.com



Judicial Corruption is LEGAL and is JUST a Fact of Life.


t
Judicial Corruption - Is Legal and It seems It always Has Been.
The Laws are just a set of words to pretend that you have Rights.
But the Justice System is Corrupt on every Level and there seems to be No Way to STOP it.


Real Estate Whistleblower - Crystal@CrystalCox.com

This Blog is Dedicated to Exposing the Problems in the Bankruptcy Court System. There seems to be a Level of Corruption that is ruining lives, sucking up Millions and no one is watching what is going on.

It is a Sit Down and Shut up Deal, and we all Pay the Price. Your Tax Dollars pay the US Department of Justice Trustees to Seemingly Legalize this "Organized Crime" and No One Can seem to STOP Them. Most do not even believe what is REALLY happening in the Bankruptcy Courts.

There is No Accountability for the US Trustee in High Profile Bankruptcy Cases, they seem to get repeated complaints and ignore it.
r

The US Trustee has the final say, makes changes, bends rules, they are in charge of the all that happens and are suppose to act with honor and of the Highest Fiduciary Duty but Do They?





Sunday, April 4, 2010

Pension Funds are a Way for Big Companies to Steal Your Money and Hide it where it Can't Be TAKEN - Legally? Summit Money Trail Tips and Hints.

July 24, 2009, Mark Neuman Summit 1031 Principle Link
Emails Investigative Blogger Crystal L. Cox and Says ..

" .. settlement is in regard to any remaining assets that the principals have left.

Like household assets, cars, personal residences, other personal property,

Basically anything that was on the excluded asset list on the partial summary judgment agreement.

If they weren't interested in dealing with the office furniture, they shouldn't be interested in much that we have left.

We've had to sell most anything with value to pay attorneys and live.

Pension Funds are Excluded by Law. "

Here is the Link to the Full Email.
http://www.summit1031sucks.com/2010/04/emails-from-mark-neuman-summit-1031-to_9504.html

So Mark Neuman, Summit 1031 Principal tells Me,
Crystal Cox in July of 2009 that
"Pension Funds are Excluded by Law" .

He Just throws that tidbit into an email with
other "Personal Property" like Office Furniture...

Hmm.. So how long did... Mark Neuman, Summit 1031 know that in Bankruptcy Cases this HUGE that "Pension Funds are Excluded by Law" - Did Mark Neuman Summit 1031 Principle plan this as his way out?

If so ... How Long in advance did Mark Neuman and Summit Accommodators Inc. KNOW this was the Way OUT and an Extremely Lucrative Way Out, Indeed ?

I mean those of us in the business surely saw this Collapse Coming at least to some degree by mid to late 2007. It was in the News, the Blogs and well Everywhere - as a Real Estate Broker Owner.. and yes Licensed in the State of Oregon - I know that there were plenty of Signs.. we owned a Ranch in Oregon in 2005 and the tide was turning then.. took a hell of a hit on it.. the Signs were EVERYWHERE..

They had to know at LEAST enough about the Current Real Estate Conditions to change the "Strategy" - to Change the Inland Capital Way of Business and they Damn well Knew within the 180 days Exchange Period that the Current Creditors were mixed up in.

So to Get More money from them (innocent victims) and play awhile longer for SELFISH Gain.. Well.. they STOLE these Creditors Money, flat out and with intent... for they certainly knew by then.

Had they at any time came clean, showed remorse - then they would not have kept taking in clients, exchanges and at the time knowing full well that the real estate market was crashing.

I believe they knew in 2007 Early on.. however even if they only knew in Mid - 2008 and were really that "Not Business Savvy at ALL" well if that was true then they still took in more money, more exchanges and this is Fraud, Deception .. it is Deliberate - it is Immoral - unJust and Flat Out Evil to the Lives of Innocent Families, PERIOD.

So I am betting that Mark Neuman, Lane Lyons, Tim Larkin, Brian Stevens - Summit 1031 Principles did indeed KNOW it was coming and not only planned for the hit but used it to their advantage bigtime .. I mean after all Summit Accommodators Inc.,

"Brain Stevens and Mark Neuman Summit Principles create one of the first CPA-backed tax-deferred exchange 1031 in the country - Summit Accommodators, Inc. "

So are "Pension Funds Excluded by Law" if they were created with the intent to defraud the public, the clients - the exchangers?

Brian Stevens also specializes in in "Common Investments, Private Foundations and Charitable Remainder Trusts."

So how many Foundations and Trusts did Brian Stevens hide money in to go get later once the FBI Criminal Investigation was over.

And just how much Money and Real Estate Did Brian Stevens Hide and Where is it? Who controls it, who helped Brian Stevens pull this off?

Brian Stevens and Mark Neuman created one of the first CPA-Backed Tax-Deferred 1031 Exchange Businesses in the country. This is a very big deal, and there was not really precidence for what they were doing or getting into.

My Guess is that Brian Stevens and Mark Neuman of Summit Accommodators Inc. pretty much made up the rules of the game as they went along, and did what they wanted with YOUR money and knew that they were above the Law because there was no real laws or regulation, they were the first.. Right?

AND.. Summit 1031 - became one of the first 1031 Exchange Companies to Receive Errors and Omissions and Bonding Insurance.

So I am guessing that Summit Accommodators Inc., Brian Stevens and Mark Neuman planned on that being their back up all along.. see the E and O Insurance Company and the Bonding Company would pay the Creditors and they would hide real estate assets, stocks, and hide money in pension funds.. as well as shift it to family - LLC's and all kinds of smoke and mirrors illusions .. ALL with intent..

So a Year before they went bankrupt they had 100 Million in Assets?

Don't you think they found plenty of creative ways to hide those assets... ??

I Say They BOLDLY saw It Coming and Planned for it and that Umpqua Bank Helped them... just what I think.. But then again I am nobody in all this.. Just a Blogger with a Brain ....

They were liquidating at a Time when Others Could Not... what are the details and secrets of this? They had the highest percentage of "cash" Click on Photo Below to Look at that..
Why is this Really?

http://www.summit1031bkjustice.com/wp-content/uploads/2009/08/1031BankruptcyComparison.JPG

What is the Truth on This..??

Who is the E and O Insurance and Bonding Companies "in bed with"?

ARE Pension Funds REALLY still excluded as an asset that the Creditors get..
if they were set up with criminal intent ?

It is pretty sick that Rich Assholes like the Summit Boys can even Keep a Pension fund while their victims live in cars, hotels and have lost so much for so long now...


So Mark Neuman, Summit 1031 Principle Who Helped you Hide The Creditors Money in Pension Funds, where are the Pension Funds - Whose Names are they In?

So Mark Neuman Summit 1031 Exchange Principle did you end up jumping in Bed with Kevin Padrick after ALL??

Anyone who aided and abetted Mark Neuman .. I Will Find you and post those findings on my blogs.. how will I find them.. well I am just a Blogger, just a Researcher with NO owned Stocks - no High Finance Experience.

I am a real estate broker owner who knows that at NO Level, NONE what so ever .. of the real estate industry do real estate victims have any protection at all... I feel for them.. I work for them for FREE because I CARE what they are going through.. and I will find you by the Dumb Moves you Make.. you won't be able to help it..

I am sick of watching Real Estate Victims Suffer in an Corrupt Real Estate System, where they have No Rights.. - and I WILL Give them a Voice, just because I Want to and I Feel it is the right thing to do and my part in making The World a Better Place for ALL..

So in my Passion I will Turn up ALL money, connection and more then I ever wanted to know or thought I Could.. SO Stay Tuned..

Also the Good Caring People Out there who have information Will Email me tips and help me to Expose You ALL for every LITTLE thing..

Crystal@CrystalCox.com


More on the Summit 1031 Bankrupcty at
www.Summit1031Sucks.com

Crystal L. Cox
Industry Whistleblower
Investigative Blogger


Research Links
ttp://www.spoke.com/info/p6QsNow/BrianStevens

Read more...

Why Crystal L. Cox, Investigative Blogger Believes there is a High Possibility That Summit 1031 Exchange REALLY is "in bed with" Obsidian Finance ?

What If, ... as we see in Mark Neuman, Summit 1031 Principles eMails to Investigative Blogger - Mark Neuman or Really any of the 4 Summit Principles or Affiliates really did take that "Attorney Advice" that Mark Neuman Tells Crystal L. Cox in his emails to her.. that he was given advice from his own attorney that he better jump in bed with Kevin Padrick.

What if the ONE or ALL of the Summit Principles ALL ALONG or at ANY point over the last 15 months... did actually get into bed with "Kevin Padrick" - "Obsidian Finance Group"?

What if the Umpqua Lawsuit was staged somehow to make Obsidian Really Look outside of it all?

I, Crystal L. Cox - Investigative Blogger now Believe that Umpqua Bank Executives knew full well that their eMails were constantly monitored by a Compliance Officer, it is the Nature of the Job and a 2 Million Dollar a Year Salaried CEO of a Multi-Billion Dollar Bank would have to know that.

What if Kevin Padrick, Obsidian Finance Group put that eMail in his report to give Umpqua a Way out?

I mean Judge Dunn seemed to Favor Umpqua right? 
Yet we know from the Sound Byte that Bankruptcy Whistleblower Stephanie DeYoung posted that Judge Dunn actually picked, appointed and kind of forced Kevin Padrick into the Role he has in the Summit 1031 Bankruptcy. ( a Side Note to this, we also know that Bret DeYoung was upset and knew Mark Neuman would be upset that Stephanie, on her own, posted that sound byte of Judge Dunn appointing Kevin Padrick)

So Judge Dunn, Kevin Padrick and Umpqua may be, really more Chummy then they would like the public to believe.  And Bankruptcy Whistleblower Husband Bret DeYoung may be alot more "in bed with" Father in Law Summit Principle Mark Neuman then we knew..

The Umpqual Email - Staged Event..
With those eMail Communications between Umpqua Vice President  Brad Copeland and Umpqua CEO Ray Davis it just does not make sense that this happened after Umpqua Filed for Bankruptcy and that only this email surfaced the way it did...
 
See .. why are there not other communiciations between Umpqua Executives in house, with Summit, with Realtors, with Mortgage Brokers, Attorneys or anyone really anyone as far as that goes..

Why Just This eMail? 

It Makes No Rational Sense.


I mean surely some eMail or correspondence over the last few years would factor in to a "Savvy Investigator" File..  So why this eMail - MAKES no Sense, I Believe it was a Staged Event Period.

******
What if Judge Dunn, the DOJ Trustee, Obsidian, and the Summit 1031 Principles are really "in bed with" each other on so much more then can even be imagined?

******

Other Reasons that Make Sense that the Summit 1031Principles
MAY very well, indeed be "in Bed with" Obsidian Finance.

Kevin Padrick was Original Going to Work for Summit 1031 Original and things Oddly Changed, what if Summit Paid them off and Obsidian Finance Group switched sides on purpose to create more money for all the "Bad Guys" from that position.. ??

What if the Summit 1031 Principles made sure that Bankruptcy Whistleblower Stephanie DeYoung got that video of that meeting to ensure that their version of the story was told..???

And what if Kevin Padrick fought that Video with a fiery to make it look like he was really against it all.. yet it was staged for us to expose .. to make it look like Summit was against Obsidian.. I mean listen to the pre-video - that could easily have been staged.. AND we know that Tim Larkin told Stephanie DeYoung how the video should be and "the point is to get the sound"

Yet She was the ONLY One that Got Criminal Charges for that Video, Why?

Kevin Padrick cannot afford to make it seem like he wanted the video out to make it look like he and summit were on opposite sides, so maybe he pressed those charges to get attention to the story .. that he Just did not Approve of those Videos.. and the Bend DA went Right Along with it???   What If it Happened that way.. ?? ....

What Changed Mark Neuman after March 4th 2010?

Why Did Mark Neuman NOT send me a link to the breaking news on the Summit Settlement on March 4th, and well Neither Did Bankruptcy Whistleblower Stephanie DeYoung as far as that goes.  After all this time Mark Neuman Summit Principle sending me links, thoughts, information sometimes even quite demanding as to what I post and when..SO why not That.. ??? I mean you can see in eMails to me that the "Settlement" was what they all wanted so bad and for so long.. so why NOT send me that Big New.. ??

Unless there was so much more to it and he did not want
Mad Dog Blogger Crystal L. Cox all Up in His Business...

Why Else would Mark Neuman be so Brave,
so Comfortable with his situation after 15 months,
and after the 16.5 Million Settlement on March 4th 2010. 

I believe Mark Neuman was comfortable and went back to his Old Asshole Self because he felt and was reassured by someone that he was in the clear.   And he was ready to take back the reigns of his life, take charge of His Women Folk and get back to the business of the Life of Mark Neuman, Mega-Millionaire ....

You can tell from eMails that Mark sent me that he thought of me as friend, What Changed

You can see that he was like.. Yeah Crystal, and even fed me stuff, and then after the Settlement it was Screw you Crystal.. and then he went to deal with STOPPING the Friendship I had built with his Bankruptcy Whistleblower daughter Stephanie DeYoung, Why?

Makes no sense really, I had never even met her.. and was certainly not brainwashing her.  He fed me information on the family and all the relatives and then convinced her mom that I knew to much about everybody.. yet he was the one who told me.. you can see in eMails..

The Other 3 Summit Principles - Lane Lyons, Tim Larkin, and Brian Stevens... Well ..  During 15 months and though it was Obvious that I was Fully Capable of getting their Story out, well the Other 3 Principles of the Summit 1031 Bankruptcy never emailed me their story, did not email me links - did not draw my attention to anything.. Why?  I mean it was obvious I was no part of this and just telling the story so why not send me ANYTHING?  Why not Get Heard?

Other Reasons that May Factor in..

Why Did the Bend DA, Kevin Padrick only charge Bankruptcy Whistleblower Stephanie DeYoung with that video When those Attorneys are Smarter then that, they knew that ALL in the Room Knew, including another Attorney - Terry Vance.

Maybe the Bend DA and Kevin Padrick Staged that?

I mean Summit had been rumored to be in bed with local officials on many developments, so why would the Bend DA do this Criminal Charges game with Bankruptcy Whistleblower Stephanie DeYoung... Really and

Why only Her ????

Why after 15 MONTHS and NOT Before the 16.5 Million Dollar Settlement HAD the FBI failed to Interview who seemed to be the book keeper, accountant, a manager of many LLC's - an Insider - a Daughter of one of the Principles, and well a Very Important Interview?

Also other Investors who are pressured to turn over millions have called me and told me that they too have not YET been interviewed by the FBI.. so how in the World is it that Mark Neuman feels he is so In the Clear that he has not only turned on me, but is making active steps to contain information daily to Protect his Ass.. on all this. the biggest one being shutting up his own daughter - Bankruptcy Whistleblower Stephanie DeYoung - and using her Husband, Bret DeYoung to help him do it...

Is the FBI agent in on it? 

Did the FBI Tell Stephanie she was Guilty of Money Laundeering to Scare her.. yet did not say this to other Principles to Scare them ??? WHY?

Is there an FBI payoff somewhere?  Who Knows.. The Scandal is certainly widening daily and NOTHING would surprise me NOW...

Some Ideas and Thoughts..

Summit has connections in Colorado, there is so much around the Obsidian Finance Group - Obsidian Renewables deal that does not add up..

How did this jump up into the middle of all this..  ???

Maybe Summit 1031 has Stocks in PV Powered or that Colorado Energy Company that Bought it..

Maybe Summit 1031 gets some profit or something from Obsidian Renewables.

What Real Connections do the Summit Principles have to PV Powered or the Energy Company that Bought it?  I believe there is a lot more to that story..

*****
So What if the Creditors Never Did have ANY independent Representation, Support or Advocate and only Big Money in bed with Big Money to Keep them Down and to Play High Finance Games with Each Other... and Benefitting Each Other..  ???

*******

It is a VERY High Possibility that One or ALL of the Summit 1031 Principles, Umpqua Executives, Judge Randall Dunn, Steven Hedberg, Obsidian Finance Group are all "in bed together".

They all knew that Bankruptcy Whistleblower Stephanie DeYoung did not know all this stuff and so they kept messing with her to create an illusion, and to play me into it to getting the Summit Illusion heard from the Rooftops.  

I mean Bankruptcy Whistleblower Stephanie DeYoung is low man on the totem pole in this one, so why was she taking ALL the heat and pressure, criminal charges, the only one to be videod in deposition and more constant harassment.. why just her?

I NEVER did hear from other Summit Principles,
Lane Lyons, Tim Larkin, and Briand Stevens..  Why?


Why Did Summit 1031 Principle Mark Neuman
Get So Brave after 15 Months of Kissing My Ass?

So Much Does not Add Up that It makes My Head Spin...

More Inside Information on the Summit 1031 Bankrupcty at

www.SummitAccommodators.com


www.Summit1031Sucks.com 

www.LaneLyons.com

www.CEORayDavis.com 


posted by
Crystal L. Cox
Investigative Blogger

Got a Tip?
Crystal@CrystalCox.com

Read more...

Friday, April 2, 2010

Summit 1031 Exchange, Summit Accommodators Principle Mark Neuman Rats out Lane Lyons and the "others" and Mark Neuman SAYS they "deserve it".

Bend Oregon News

Mark Neuman Summit 1031 Principle Confesses to Bankruptcy Whistleblower Daughter, Stephanie Studebaker-Deyoung that he indeed knew that Lane Lyons, Summit 1031 Principal Lied about his REAL role at Summit Accommodators - Summit 1031 out of Bend Oregon.

Was this the First that Bankruptcy Whistleblower Stephanie DeYoung Knew?

The Summit 1031 Exchange Bankruptcy has 106 victims and their families that are devasted for over 15 months now from the White Collar Crime and Corruption of what I Call the Bend Oregon Mafia - Summit Accommodators, Summit 1031 Exchange - Summit Principals: Tim Larkin, Mark Neuman, Lane Lyons, and Brian Stevens.

Here is the Email from Daddy, Mark Neuman to Daughter Stephanie DeYoung.
She Sent it to Me.. to Defend the Creditors..

March 7, 2010
9:48:47 PM

" I know very well what Lane did in his tenure is not in line with how he's trying to portray his role. I have the list- yes, an actual list and it gets longer as I review emails and such.

So tell me this.

Do you think that your blogs will expose it and somebody from the DOJ will just show up someday and charge them?

This is how I pictured it.
"

Investigative Blogger Crystal L. Cox has This Email Conversation,
Complete with headers, IP addresses, Forwards and All.

Funny Mark Neuman, this Indeed is How I pictured it.

So Let's See How it Works as the Next Few Days and Weeks paints a Very Different Side to the Summit 1031 Bankrupty out of Bend Oregon.

Will the DOJ just show up and Charge them
as Mark Neuman Summit 1031 Principle "Pictured It" ?

more on This Confession Email at
http://www.summit1031sucks.com/2010/04/so-per-email-linked-below-what-did-lane.html

For More on this Breaking Summit 1031 Scandal
GO to www.Summit1031Sucks.com
Over the Next Few Weeks Tons will Come out
on the Behind the Scenes of the Summit 1031
Bankruptcy Corruption Scandal.

Lots More Emails and Secrets Coming Soon !!!

Posted Here by Industry Whistleblower
Investigative Blogger
Crystal L. Cox

Read more...

Monday, March 29, 2010

Stephanie Studebaker-Deyoung, Daughter of Summit 1031 Principle Mark Neuman Has a 100 Million Dollar Secret that may be worth killing for.

Dear Readers - Summit 1031 Creditors,

Stephanie Deyoung has a 100 Million Dollar Secret.
If She Disappears SO does YOUR Money..

Stephanie Studebaker-Deyoung is being held at Mental Hospital in Bend Oregon Against Her Wishes. She does not know her Rights and fears for her life.

Stephanie Studebaker-Deyoung has a 100 Million Dollar Secret, Doctors may have been paid off - It is my understand that it is Not Legal to Hold Someone Like this against their Will, so how is the Neuman Family doing this? Please Get her Help - If you know area Victims Rights, Human Right Advocated, Civil Rights Advocates, ... please Email me at Crystal@CrystalCox.com

Mark Neuman had the Takeover of her CPA Firm Planned, he told Summit Principle Brian Stevens that Stephanie DeYoung Would Not Be Back. I can Prove It. Also I spoke with her hours before and she was lucid.

Stephanie Studebaker-Deyoung has been an advocate for so many of you and Now She needs YOU. Mark Neuman Summit Principal has put her in a Hospital, She is not of her Free Will and Has No Way Out. I don't know her Rights - Can You Help me to Help Her?

I am asking for Help to get to Stephanie DeYoung with an independent 3rd Party, to get her help in Fighting the Summit 1031 Exchange Family. The Whole Family will Lose Hidden Millions if Stephanie Gets out so They will Not Let her Go.

The Husband is listening to the Doctors and not his wife, they have only been Married a year. She Does not Know her Rights, and Needs to Speak with an Independent outside of the Summit 1031 Family. He too may have been offered future money for his silence.

She Told me of a 100 Million Dollars that the Summit Principles had a Year Before the Bankruptcy. I don't know the whole story, but Mark Neuman - Summit Principle knows what Stephanie Studebaker-Deyoung knows and I Fear Stephanie DeYoung may not live to Tell Us.

Summit Creditors: Please Hear Me - there has been a tragic and odd turn of events and Stephanie DeYoung can Help get you What you want .. Your Money and an Indictment for Mark Neuman - Summit Principle. YOU Must get her Out of that Hospital to Find Your Money. Call the FBI and the Department of Justice - Your Whistleblower is being Silenced for she was about to Expose Mark Neuman's 100 Million Dollar Secret.

Investors if you want to Hold on to your Assets.. you need to Get Stephanie away from Mark Neuman. Creditors, Tonkon Torp, Obsidian Finance Group - Stephanie DeYoung has the Goods on Mark Neuman, he may just kill it for what seems to be a mysterious 60 Million Dollar Asset Drop in a Year. Umpqua Bank - Please Help Stephanie Deyoung - She can help YOU unless your in bed with the hiding of this money.

Numbers to Call and eMails Coming Soon. If you know an Oregon Attorney that will help, please email me - Crystal@CrystalCox.com - What is Happening to Stephanie Studebaker-Deyoung sound Illegal to those I have told, She has Patients Rights - LEGALLY and has not been informed by the Doctors.

This is Big Money Folk and This is a Big Deal, Stephanie Studebaker-Deyoung needs to talk to the FBI, the DOJ.. she needs you to call the Governor, your Senators in all the States the Creditors Live in. She is of her right mind, but Mark Neuman needs you to Think that she is Not. See if he is to NOT be indicted and keep his hidden Millions upon Millions .. he really does need to Keep Stephanie DeYoung Silent. How in Bend Oregon Can a Father... who is a Known White Collar Criminal - a Mother who does not know what is going on in her fathers life and a new husband put someone in a hospital against their will. And no doctor or nurse has told her of her rights.. thing is Stephanies Mom works in a Mental Hospital for the Criminally insane, she knows all the ropes - Stephanie's sister is a Nurse I believe... yet Stephanie has not been informed of her rights.

Stephanie Studebaker-Deyoung is a Bankruptcy Whistleblower that owns a CPA Firm in Bend Oregon, her Father is Summit Principal Mark Neuman and She was blowing the Whistle on the Summit 1031 Exchange Bankruptcy which has cost creditors around 40 Million. Yet A year before the Collapse Summit 1031 Exchange had a 100 Million in Assets.

The Summit Principle Mark Neuman has taken over his Daughters, Stephanie Studebaker-Deyoung's CPA Firm and he has convinced her husband to put her in a Hospital. She Has No voice, needs an attorney, needs a patients rights advocate, needs a civil and human rights advocate, needs a woman's rights advocate.

Stephanie Studebaker-Deyoung seems to have found out more after her FBI interview, and Dad - Mark Neuman is scared of losing what he has hidden SO he has hospitalized her. It is said that he may find a way to turn her into a permanent "vegetable" or simply find a way for her to go away. Big Money does creepy things and we are looking at the Most Evil Part of Greed, when you turn on those who have supported you, helped and been there for you.

Stephanie Studebaker-Deyoung needs someone not in the Family to go to her and give her Legal Aid, Legal Advice and her Patients Rights.

She is a 35 year old Woman, and her Family has been able to somehow get her hospitalized against her will, is this Legal in Oregon?

Letters are Going out to the Top of the FBI, State and Federal Officials, Woman Rights Groups and All involved in the Summit 1031 Bankruptcy. You need to get Stephanie Out of that Hospital to hear what she has to say about this. Once out she is afraid that Mark Neuman may harm her, she needs Real Protection and Real Help from Officials, Honest Authorities, Woman's Rights Groups.

Crystal L. Cox
Industry Whistleblower
Crystal@CrystalCox.com

Read more...

Thursday, March 25, 2010

Mark Neuman Summit 1031 Exchange Principal - Bankrupt - Career Ruined ... So He is Stealing His Daughters Business and Silencing HER...

Bankruptcy Whistleblower Silenced by Her Own Family

Summit 1031 Bankruptcy Update

Conform or Else Daddy Will Make Sure that You Do.

Time to Flip the Coin and Show you What Went Wrong With the Summit 1031 Exchange Company, What is the Inside Story of Mark Neuman in all this, and what Accountability is REALLY Playing out to WHOM...

Soon to be Posted Here will be 1.5 years worth of Emails and Information on Mark Neuman.. as Well As Tips I Hope To Get Emailed to Me By YOU..You Can See By Stephanie DeYoung's Blog Posts that she is a Very Smart Woman. She has all the numbers of the Summit 1031 Exchange Rolling around in her head. She has presented amazing detail of the Summit 1031 Bankruptcy and Exposed all the players with documented evidence. Stephanie DeYoung has documented interviews, wrote on each LLC, reached out to Creditors, Initiated her Own FBI interview and She has created a thorough documentation of One Oregon Bankruptcy. This lets us all get an inside peak at inner works of how a bankruptcy is run, and lets us see the pattern of corruption that plays out in these high profile, high dollar bankruptcies..

The Summit 1031 Principals have remained silent, why I am not sure... my guess is they have something to hide. At one point Mark Neuman announced that he would get the story heard and reached out to blogger to tell his story, yet his own daughter had been telling the story already better then anyone could.

Mark Neuman Bankrupted his Daughter with His Very Bad business decisions with the Summit 1031 business, she had advised him of other options and he ignored her. Over the last year, though she has Roared this Story he has done everything he can to keep her down, to control her and to get her to say what he wanted. Instead she wrote what she wanted to write as it was and is her blog.

Mark Neuman lost everything through his Greed and Criminal Activities, and his daughter gave him a Job This Tax Season doing Tax Returns out of the Kindness of her heart.. .. During this time he ranted about the Summit Bankruptcy, he tried to Control Stephanie's business decisions and to Control what she said on her blog about the Summit 1031 Bankruptcy.. He even emailed me what he thought I SHOULD be Saying..

When He Could NOT Control her and Get her to Say and Do as He Wanted her to do, well he set up his own daughter, he Silenced her Voice, Suppressed her TRUTH and now he is Big Daddy on Campus once again... only this is her business and he has taken Control of HER, her Business, her Voice, her Life, her Husband, and Her Truth.

What ever SECRET Daddy is Hiding, to Throw his own daughter under the Bus for IT... it must be a DOOZY... we WILL Get to the bottom of it.. Got a Tip on Criminal Activity of Mark Neuman - Bend Oregon, Email me Crystal@CrystalCox.com

Though Mark Neuman through his own actions ruined his daughters financial life and caused her enormous hardship and stress, she gave him a job... SHE Stood By Him and he will not stop at taking even more from her...

He want to quiet her TRUTH Telling, he wants her Business, her Clients.. he wants to run her business his way.. He wants to Silence her on what Dirty Little Secrets of His that she has not told any of us by Blog or any other way.... So This Evil Man, with No True Love for his Daughter.. only wants to STOP an indictment, to Protect his own Ass-ets, and wants to control her business as he HIMSELF has lost his...

Question is How far WOULD A Father Go to STOP the TRUTH?

How Far will Mark Neuman Go to Discredit his Own Daughter Before She TELLS ON HIM.. what must she know..??? for him to do what he has done to her.. SHOCKING is an understatement... How can he live with himself ruining his daughters life.. over and over.. taking her money, years of her life.. that was NOT Enough.. HE Wants MORE..

She is Telling the Truth, I have emails and phone calls to prove that she is Clear, and is Simply speaking the True Details of the Summit Case.. and her Own Father has Convinced her Husband, her Own Sister... to Silence Her .. whatever it takes..

This for wanting desperately to tell the TRUTH.. .. The Truth that even those closest in her life cannot hear, and seem to have No Faith in Her Voice.

She Cannot Speak Right Now as her father is doing what needs done to Silence her, take control of her business and Keep her from TELLING his Dirty Secrets... Like Where did DADDY hide his ASSETS.. and what OTHER Criminal Activity has Daddy Really Done?

Daddy's little Girl is smarter then him, and he
NEEDS to KEEP her DOWN at all Costs... and Well He Has..


I was trying to Protect the Real Estate Consumers with the Truth of where there money is now.. and had not yet painted the Picture of What went Drastically Wrong over the Years that led to the Fall of Summit Accomodators. Now is time for that.. As the FBI needs Help to figure out Who to Indict and Why.. SO got a Tip? Email me.. Crystal@CrystalCox.com

After Stephanie DeYoung's FBI interview she decided to do a video about it all and point out what happened in the bigger picture, this included the humanity aspect of it all as this stuff violates not only our pocket book but our very life. Mark Neuman did not like Stephanie taking time from the Business he now wanted control of to spend on Her Truth, Her Voice.. so he figured out a Way to Control her.. to STOP her from TELLING that Story and Get her to Conform... As if we are back in the 1920's ... Silencing the Voices of Women with whatever is deemed necessary force..

Stephanie spoke out about the Bankruptcy because she was and is one of the Victims who has been bankrupted by the Activities of Inland Capital and Summit 1031 Bankruptcy. Stephanie tried to find a balance, find a way to STOP the HUGE flow of money to attorneys that was not just, was not fair to the Creditors.. she was really try to help the Creditors .. the victims as she was one.. However.. Mark Neuman her father.. gave her no voice, no credibility and when the World Started to Listen to Stephanie... HE Silenced her.. Seemingly with her Own Husband's Approval.. Shocking.. at Best..

Stephanie has tried to bring justice for all and NO one seems to hear her...

Stephanie's writings paint a picture of possible Bankruptcy Corruption, of Possible lack of real fiduciary duty by the Department of Justice Trustee and really do expose something that is going on all across America.. She is a Hero in This.. Since Stephanie's blog on the Summit Bankruptcy I have been given tips and written on big and small bankruptcies across the Nation and it seems Stephanie DeYoung is part of something HUGE and that is STOPPING Corruption.. this has led me to a Major Blog Network of Exposing Corruption and I get Billion Dollar Tips weekly, and tons of emails daily with people begging me to tell their story...

Stephanie DeYoung is a Hero, Giving True Voice to Victims and Those She Loves want to STOP this Nonsense, STOP her Truth, and Do not Recognize the Value in what Miracle she has Done.

Last week she contacted the FBI to make sure they were going to Interview her on the Summit 1031 Bankruptcy so she could tell her story. Stephanie DeYoung's Story was one of pointing out the things that Summit did do right, was of sharing documents of truth for all to see, pointing out that the Creditors were being duped - where the money went and really wanted to help to STOP the madness and get those Creditors paid.. She found out that the FBI did not really know bankruptcy laws and could not help.. she wanted to talk about this.. to help the greater good and fix a vastly broken financial system..

I was Never In Defense of the Summit 1031 Principles.I was in Defense of a Bankruptcy Whistleblower being allowed her voice... the Corrupt Bend Courts could not Silence her, the FBI could not Silence her, The Attorneys and Banks Could Not Silence the Truth, the Blogs, the Newspapers they all raged lies and many hate at her and still she stood tall and spoke the TRUTH through it all.. However Stephanie DeYoung does have a Kryptonite - a Weakness and that is LOVE.. she loves her Children, Her Husband and yes even her Father... and that Weakness has Silenced Her..

Again.. I was never in Defense of Summit, I was and am in Defense of the Rights of an Industry Insider - a Whistleblower to tell the True Documented Story..

The Department of Justice is not watching this case and as far as I can see is not really protecting Creditors, neither is the FBI or the Oregon State Goverment.. I see patterns of corruption in many bankruptcies and get more tips weekly. However, that being said this blog will now Focus on What Went Wrong, what advice did Mark Neuman - Summit Accomodators get and ignore, what real estate did they own, what assets did they hide, who has secret information on the assets of Summit? Though Summit turned over asset enough with insurance and bonds to cover their debt ... I am not sure if the Bonds and insurance was needed..
How do we prove Hidden Assets - is it Silver - Gold.. Land in someone Else's names... Look for deed transfer's that any of the Summit Principles may have done in the last year... THINK.. they knew their ship was sinking where did Mark Neuman hide the Millions he will go get after the Indictment Dust Settles... PROVE IT.. email me your Tip at Crystal@CrystalCox.com

Stephanie DeYoung had most all of the Creditors emails and Contact information, Stephanie DeYoung had the Accounting Information... the TRUTH on Summit.. and she was trying to fight for her rights as a Creditor herself.. as someone who lost big in Summit Bankruptcy.. but had no rights as she was and is Related to one of the Summit 1031 Principals.

Mark Neuman was afraid of Stephanie having all these Contacts and what TRUTH she would tell, Mark Neuman Needs Stephanie's business as a cover and well the only thing in the way of Mark Neuman's Evil plans his Flesh and Blood Stephanie Deyoung...

We shall Scour Oregon, Idaho, Montana, Washington, Texas and MORE to Find where Daddy Mark Neuman has hid his Assets, where are Mark Neuman's dirty little Secrets that he would give his daughters life to hide ????

Mark Neuman has no choice but to Discredit his own daughter, take her power from her, control her business that way if She Tells the TRUTH about him he can claim she is simply out of her mind and that is not true.. To Smart for Daddy.. So Daddy Did a VERY Bad Deed..

This is My New Blog Exposing Summit 1031 Will Be at
www.Summit1031Sucks.com
There Will Be Emails from Mark Neuman
over the Last Year and Much More..

Posted here By TRUTH Teller
Industry Whistleblower
Investigative Blogger
Crystal L. Cox

Got a Tip?
Email Me at
Crystal@CrystalCox.com

Together We Will FIND out Where Mark Neuman has Hidden Assets...
and Much more on the TRUE Story of Summit 1031
in all the State they were in from Day ONE of their Doors Opening..

More on the Summit 1031 Bankruptcy
at
www.Summit1031BkJustice.com
and
www.ObsidianFinanceSucks.com



Bend Oregon News

Read more...

Wednesday, March 24, 2010

FBI Coverups, Boca Police Scandals, Major Law Firms Covering Corruption, Enron Collapsing, Attempted Murder, Invention Stolen, Denial of Due Process.

Bankruptcy Corruption - Rackeetering - Major Top Down Criminal Activity

The US Bankruptcy Courts are Pulling off what Seems to Be LEGAL theft into the Billions and Trillions every Year with NO accountability or Department of Justice Oversight. Bankruptcy Corruption seems to be used to steal just about any real estate, commodity and even a Trillion Dollar Patent.


In America only Certain People have rights to Protection from the Law - Most All are just Collateral Damage to Protect Corrupt Attorneys, Judges, DOJ Officials, Corrupt FBI agents, Billionaire Tech Companies, Major Media Companies and Mega Law Firms.

Judical Coverups, Attorneys and Judges Protecting Each Other, Illegal Behavior among judges, attorneys and clerks .. well this is American Justice.. not based in TRUTH or Law but Based in who you know and what your willing to pay them to cover your Dirty Deeds...

"" KernelOfTruth says:

There is a case in which any one of you might be interested. It involves the theft of patents worth at least one trillion dollars, and has already paid out billions in royalties that have never been received by the inventor or the company (with no report of where that much looted money has disappeared).

The reason you may be interested is that it is a Florida case with ties to places in New York, and the inventor seems to have run into problems similar to those discussed by individuals who have posted on the subject of public corruption in the Scott Rothstein case.

The shenanigans are unbelievable, including, but certainly not limited to, a Keystone Cop like investigation by the Boca Raton Police Department and an ostensible Office of the FBI [in West Palm Beach]. How much do you think it cost the taxpayers to set up that [rented FBI] Office, which acted as though an investigation was being run when nothing was done to examine the complicity of lawyers, public officials, and investigating agencies and a car bombing.

If you are interested, you can go to http://www.iviewit.tv and listen to certain testimony relating to the crimes that were allowed to occur through the Courts, both a Civil Division State Court and U.S. Bankruptcy Court, in West Palm Beach, Florida.

If you prefer, you can read certain documents at
http://www.iviewit.tv/CompanyDocs/2007%2004%2020%20Iviewit%20Request%20for%20FBI%20IA%20and%20OIG%20investigation%20of%20FBI%20case%20downlow.pdf

The inventor and main person being abused, Eliot L. Bernstein, discusses the matter in the State Hearings held in New York, involving public corruption. One case brought up concerns a Monty Friedkin case, which he says is cloaked as lawyers and law firms acting as a criminal enterprise stealing inventions from inventors.

He identifies William J. Dick of the Foley and Lardner law firm and Brian Utley as working with Christopher Clarke Wheeler to steal inventions from Monte Friedkin, of Diamond Turf Equipment, a Florida corporation.

The criminal enterprise against Mr. Friedkin was explained as Utley (operating as the President of the company) contracting former IBM patent attorney William Dick to write Friedkin’s patents in his name and place them into a company incorporated by Christopher C.Wheeler of Proskauer Rose.

According to [page 15 of] the Complaint found at that web site, a lawyer that had subsequently been convicted in Florida of Felony Driving Under the Influence with Injury is identified as the instigator or ringleader. Then, this ringleader, Christopher Clarke Wheeler, is identified as a lawyer with the law firm of Proskauer Rose.

This scam is identified by Eliot Bernstein (in testimony and also by Stephen Lamont in the Complaint) as being perpetrated in a same fashion [as that run against Diamond Turf] when involving his Iviewit Company, wherein certain individuals performed in the enterprise, to walk the patents and intellectual properties [Utley] worked on, out of the business and into a company that these co-adventurers owned, in which the true owner [in this case, one can replace Friedkin with Bernstein] had no interest or idea of it’s existence.

Scroll down to pages 16 - 18 of the 43 page Complaint, and you can read about how both intrinsic and extrinsic fraud were further perpetrated before a Court of the Fifteenth Judicial Circuit, in and for Palm Beach County, in the State of Florida, with what would appear a Circuit Court Judge’s willingness to grant an allowance for continual acts of perjury, intentional fraud, and criminal acts of conversion.

For instance, the Judge [Jorge Labarga] is said to have stated that the prior counsel that the parties did not know or hire had been representing them so that the right to file almost anything in the case had been waived by the counsel that had no authority to file the case or act in the case.

Further on, at page 21 [after explaining the reasons for starting File number 402-2-59-1799-339, on May 13th, 2002, with the County of Los Angeles Sheriff’s Department, at the behest of the Long Beach, California FBI], is the explanation “Bernstein, upon discovering further that the companies were involved in a federal bankruptcy in Florida (Case No. 01-33407-BKC-SHF Inv Chap 11 in the Southern District of Florida) and the law suit in civil court in Proskauer Rose v. Iviewit discussed above, both previously unbeknownst to exist by shareholders or management of the legitimate companies, built his case from California and then moved to Florida to the lions den or Labarga’s court and the Bankruptcy Court, believing that justice would be had.

Both actions filed in Florida were instigated by Proskauer Rose and Proskauer Rose referred management Utley, Michael Reale and an entity RYJO, Inc. (“RYJO”).

RYJO a subcontractor under a strategic alliance structured by Proskauer Rose, between Iviewit and Real 3D, Inc. (“R3D”) a client of theirs, R3D owned 70% by Lockheed Martin, 20% by Silicon Graphics Inc., and 10% by Intel, later wholly acquired by Intel and a third party necessary with management to file an involuntary.

With new counsel relieving dirty counsel, those acting without authority, now replaced by counsel retained by the legitimate companies, Bernstein went back to Florida to pursue his rights. It is presumed that once Proskauer Rose to instantly get rid of the evidence of the fraudulent companies but first had a plan to get the stolen intellectual properties out.


Thus, when combined, the billing case that they thought nobody would ever discover was in court and bankruptcy, the companies could do the following:

(i) Proskauer Rose would sue fraudulent companies ABC which harbored the stolen patents with a large unpaid bill

(ii) this would make them the largest creditor and thus entitled in a bankruptcy to majority of the company and the stolen patents and

(iii) with Utley, RYJO and Reale instigating the bankruptcy they would be the remaining benefactors, it would all look clean to the Courts, almost invisible and they would walk off with the stolen assets. They never figured that Bernstein would be tipped off to this in the midst of the process”.

It was related that one of the counsel [Kenneth Rubenstein] “was so brazen that the Court was in his pocket, that he wrote [Judge] Jorge Labarga a sworn statement claiming he never heard of Eliot Bernstein, the Iviewit companies and was being harassed”.

Also related to the case was a declaration of a showing to Warner Brothers of entries with investor H. Wayne Huizenga, in regards to the Iviewit inventions and multiple billings.

The kicker in the last paragraph [on page 18] is the obvious dereliction of duty in regards to what passes for FBI Agents in the network [of the ol’ south Good Ole Boys] and compromised Office of the US Attorney with the Southern District of Florida, when it is written “one asks, why later those same crimes exposed in mass against the government to the West Palm Beach Office of the FBI, were not prosecuted when taken by the FBI to the US Attorney for the Southern District of Florida, along with all the other crimes they were apprised of and given evidence in support of and which they then led Iviewit to believe they were investigating until April 17, 2007”.

Page 20 holds a critical piece of information, which is “Another part of the immediate problem was that evidence surfaced of a deal between the fraudulent Iviewit companies and Enron’s Broadband Division, in the now infamous Enron/Blockbuster Deal which due to Enron’s booking of hundreds of millions of dollars ahead of earning it, on a new technology for broadband internet distribution of movies, based on technologies almost stolen from Iviewit which are the true cause of the collapse of Enron.

All evidence of this had to be destroyed by the law firms who had perpetrated the crimes and this may have been the cause of the massive shredding party”.

For a story about the “Specific Involvement by the Federal Bureau of Investigation -- West Palm Beach Office: January 2003 to March 2007”, scroll down to page 23.

The tale involves accusations regarding lawyers submitting false statements and falsified documents (including to a Court of Law), money made or laundered under the use of Non-Disclosure Agreements, conflicts of interest and appearances of impropriety that involved Public Office corruption cases before the Florida Supreme Court, denial of due process and procedure in the Civil Courts as the criminal lawyers legal and political power have been able to position [without disclosure] through conflict to avoid prosecution by infiltrating Public Offices where Complaints have been filed, the infiltration of the attorney discipline process [both in New York and Florida],

..the possibility that the [Democrat-controlled] Proskauer Rose law firm is controlling certain of the Florida Courts and Disciplinary Departments when the New York law firm has one small Office in Boca Raton, cases at the Boca Raton Police Department that were derailed [with the Officer disappearing without Notice],

...the possibility that the [Republican-controlled] Foley and Lardner Law Firm is controlling a certain tier of the Florida Courts and the Governor’s Office when the Wisconsin law firm had virtually no presence in Florida, a subterfuge of a deferral of a Department of Business and Professional Regulation Complaint that falls under another conflict due to the fact that Governor Charlie Crist had appointed [Iviewit’s former patent counsel] Foley and Lardner, special Office positions favorably given to lawyers like George Lemieux [a managing shareholder where the ringleader (Christopher Wheeler) worked in the Fort Lauderdale Office of the Gunster, Yoakley, & Stewart law firm].

The behavior of the President of The Florida Bar [Kelly Overstreet Johnson] who worked for the brother [James Wheeler] of the ringleader lawyer, the infiltration of federal investigations, an FBI Agent [Stephen Lucchesi] who acted as though the problem was one that was civil in nature without need for FBI involvement, Special Agent Joseph Sconzo’s denial that there was any file concerning Iviewit in the FBI’s [rented] West Palm Beach Office.

Special Agent in Charge John McVie’s denial of any history of Iviewit or Eliot Bernstein with any FBI investigation after years of investigation, a non-existent Securities and Exchange Commission investigation jointly run with the Boca Raton Police Department, denial of any oversight responsibilities pertaining to action taken by the FBI by the Inspector General of the Department of Justice [Glenn Fine],

.... the dismissal of a need for an audit when the Small Business Administration is the largest investor and shareholder through SBIC loans, the lack of oversight by the US Attorney’s Office for the Southern District of Florida, the lack of investigation by the Department of Justice into the Iraqi-style car bombing of the family vehicle belonging to Mr. Bernstein his wife and three children, possible terminations of US Attorneys for political reasons and retirements of Special Agents for political reasons,

... an admittance of no power or authority held by either the House Judiciary Committee or the Senate Judiciary Committee, harm to international relations through violations of international treatises, the failure of former Commissioner of Patents [John Doll] and his successor Under Secretary of Commerce for Intellectual Property [Jon W. Dudas] to follow the law, and possible influence wielded by Michael Grebe [the former Chairman of the Foley and Lardner law firm and former Chairman of the Republican National Committee who is currently under investigation for other violations]

The gist of the Complaint can be boiled down to the request contained on page 22, which is “With the revenues from the technologies converted to their pools and already generating profits in billions of dollars since invention, it would take either a continuous corruption of any legal or prosecutorial agency the complaints went or easier that with a Presidential top down denial of due process and procedure, through various Presidential appointments in key positions to block it top down.

We are asking the DOJ OIG to investigate for any possible connection to election fraud or payola to politicians capable of planting individuals to block Iviewit at each of these agencies”.

Moreover, on page 7 of a succeeding formal request to the Office of Internal Affairs for the Federal Bureau of Investigations, the inventor and President & Founder of Iviewit Technologies, Inc./Iviewit [Iviewit Holdings, Inc.], Eliot Bernstein, further concluded his ordeal and exasperation and concern for others, in his summation: “Please contact me immediately regarding these matters, as I fear for not only the life of my family but those who had volunteered to act as witnesses and others, that presumed they were doing so with the FBI investigating the matters.

I am in grave concern that the FBI has taken no actions to protect a citizen whose life has been threatened repeatedly, whose car has been blown up and confirmed as committed with intent by fire investigators.

A group of citizens who have followed all the rules of making complaints to all the proper authorities, to find that no one is protecting their rights to life, as well as, the rights guaranteed through the Constitution under Article I, Sec 8, Clause 8 pertaining to protection of inventors with the full weight of the Constitution, in the event of just such attempts to steal such inventions and murder inventors.

In fact, in a RICO case the FBI typically offers protection to witnesses against corruption from small or large mobsters when witnesses’ lives may be in danger.

Where a group of citizens have brought allegations of corruption that may yield a Patentgate, with attempted murders already occurring in the US and threats already effectuated against ones life, it is stunning that FBI officers who have been fully apprised of the matters and tendered evidence and witnesses against the accused, have not granted an iota of protection to those who are in danger, all indicating a top down control of the government and its regulatory agencies.

Control by those at the top to aid and abet those alleged to have committed such atrocities, through violation of public offices of these federal and state investigatory agencies. Most disturbing though is that it now appears that no one is protecting the United States and foreign nations from a group of criminals cloaked as lawyers, politicians and judicial members!”. ""

Posted Here
By Investigative Blogger

Crystal L. Cox
Crystal@CrystalCox.com

What Really Collapsed Enron? Well it was a Proskauer Rose Law Firm Scandal, a Foiled Patent Theft. Proskauer Rose Law Attorney Corruption has ruined countless lives, portfolios and has left an amazing path of Destruction.


Can Enron Victims Sue Proskauer Rose Law Firm for their Loss, Suffering and Hardship.. well if they had the TRUTH .. maybe? But wait.. Proskauer Rose controls US Courts, Judges, Attorney Ethics Committees .. so Nevermind...

Read more...

Monday, March 22, 2010

Kevin Padrick - Obsidian Finance Makes False Declaratory Statement and Answers to No One.

The Summit 1031 Bankruptcy out of Bend Oregon has shown us the Perfect Model of Corruption and has Deeply Exposed the Corruption Culture that goes on, in what seems like ALL US Bankruptcy Cases.

The Department of Justice either Cannot Do anything to STOP this Bankruptcy Corruption or they simply won't for the payoffs and sides deals are just too darn good.

These High Profile, High Dollar Bankruptcies are not watched over by anyone really.. the FBI is looking for a Fall guy and does not seem to care the the Bankruptcy Trustee is Stealing Millions hand over Fist with no Accountable. The FBI just says we don't know about Bankruptcy Laws... so basically those in the Bankruptcy - the DOJ Trustee, the Judge, the Bankrupcty Attorney - Trustee that is the Head Chief calling all the shots.. well they make up their own rules and no one holds them accountable for Lies, Ethics Violations, Attorney Bar Ethics or Codes, Bankruptcy Codes, or the State of Federal Laws. No matter how many Laws or Codes are pointed out that were Broken... these folks answer to no one, for their really is no one to hold them accountable.. NOT even the FBI.. in a 40 Million Dollar Case where it seems another approx. 16 million has been added ... this is Fraud and Theft... and is all blamed on the Company that Went Bankrupt when in Fact they turned over the assets to cover the debt, but the Bankruptcy Trustee screwed it all up, threw up a smoke screen and lots of illusions in order to create a reason to Take, Demand even more money AND to make it look like his services were necessary and at outrageous rates...

One Industry Insider Speaks OUT and the Court Corruption at it's finest ... District Court and Local Cops chime in to aid and abet the real criminal in harassing people to keep them quiet. There is so much easy money in these bankruptcy cases for these bankruptcy trustees in charge of the world and the very life of a huge amount of people... so much money that they will do anything, seemingly to shut up a Bankruptcy Whistleblower.

So there is No State, Local or Federal Agency that can really hold these bankruptcy goons to the Highest Fiduciary Duty so your ONLY option is to present your case by blog - video - truth.. to Expose the Documents of Corruption, the Pattern and History of Corruption, to point out which Laws were broken, which bankruptcy codes they broke, post videos and make YOUR bankruptcy transparent to bring your True Story to the People to EXPOSE the Bankruptcy Corruption.

Here is a Quote from http://www.summit1031bkjustice.com/ on Kevin Padrick Obsidian Finance making a False Statement whereby NO ONE will hold him accountable...

" September 19, 2009 in Court Documents Submitted By Padrick's Attorney's at Tonkon Torp,

There is a ton of inaccurate information in Kevin’s declaratory statement,
but I can only post 1 at a time.

You can find more answers by clicking here to read or view my deposition.
Click here for entire Declaratory Statement

“8. Ms. Studebaker-De Young has also posted on her website what appears to be an audio recording that she made during an official court hearing in this proceeding, in violation of this Court’s local rules.

“ Why would I bring a tape recorder into the courtrooms when each and every hearing is taped? These tapings are public and anyone can order them. That is what I did, but Kevin wanted to try to discredit me in the court by saying I broke Court’s local rules. I like how Kevin saves his tail by stating in his attorney language that “it appears to be an audio recording that she made during an official court hearing…”

Below is an email from the US Clerks Office:
“Attached is a scanned copy of the CD request by Stephanie Studebaker-DeYoung for the February 11 hearing in Summit Accommodators Inc. vs. Inland Capital Corp., Case No. 09-3023. The order was submitted by Ms. Studebaker-DeYoung and filled by the court in May.

I understand that Ms. Bjerk requested to know on July 17 whether anyone had ordered a recording of this hearing and, although the courtroom deputies searched the CD requests, they overlooked this one. I am very sorry that we did not give out the correct information.

I will notify Judge Dunn of the CD request to correct the erroneous impression that Ms. Studebaker-DeYoung violated court rules by making her own recording of the hearing without court permission.

I apologize again for the court’s failure to produce the information requested by Ms. Bjerk.

Charlene M. Hiss, Chief Deputy/Acting Clerk
U.S. Bankruptcy Court for the District of Oregon
503-326-1571
charlene_hiss@orb.uscourts.gov
(See attached file: cd4studebakerdeyoung.pdf) ""

Link to Source of Quote
http://www.summit1031bkjustice.com/?p=2546

Funny the Oregon Corrupt District Court in Bend Oregon is Still pursuing Criminal Charges against Stephanie DeYoung for a video she took of a court ordered meeting and of a recording of a court hearing that she got from the court... Seems like the County Attorney in Bend Oregon does not work for the best interest of the People but instead the best interest of the Millionaire Attorneys, like Kevin Padrick who seem to be above the Law...

Time for a Harassment and Defamation Lawsuit against Deschutes County... in My Opinion

More on the Summit 1031 Bankruptcy at
www.ObsidianFinanceSucks.com

posted here by Investigative Blogger
Industry Whistleblower
Crystal L. Cox

Read more...

Saturday, March 20, 2010

J.P. Morgan Chase - TRAVELERS INDEM. CO - Proskauer Rose - Enron Collapse - Bankers Professional Liability Insurance

J.P. Morgan Chase & Co.

Decided March 18, 2010

"" JPMORGAN CHASE & CO. v. TRAVELERS INDEM. CO.

2010 NY Slip Op 02075

JPMORGAN CHASE & CO., ET AL., Plaintiffs-Respondents,
v.
THE TRAVELERS INDEMNITY COMPANY, ET AL., Defendants,

TWIN CITY FIRE INSURANCE COMPANY, Defendant-Appellant.

600674/06, 2156, 2157.

Appellate Division of the Supreme Court of New York, First Department.

Decided March 18, 2010.

Arkin Kaplan Rice LLP, New York (Howard J. Kaplan, Lisa C. Solbakken, Michael J. McLaughlin and Elizabeth A. Fitzwater of counsel), for appellant.

Proskauer Rose LLP, New York (John H. Gross, Steven E. Obus, Francis D. Landrey and Michelle R. Migdon of counsel), for respondents.

Before: Gonzalez, P.J., Saxe, Moskowitz, Abdus-Salaam, RomÁn, JJ.

ABDUS-SALAAM, J.

In this declaratory judgment and breach of contract action, plaintiffs JPMorgan Chase & Co., JPMorgan Chase Bank and J.P. Morgan Securities, Inc. (collectively JPMC) seek a declaration that defendant Twin City Fire Insurance, Inc. (Twin City) is obligated to indemnify them in the amount of the limits of their coverage ($22.5 million) for losses incurred in connection with the defense and settlement of a series of federal court class action suits arising out of Enron's financial collapse, as well as several lawsuits filed by Enron investors in state courts. JPMC ultimately paid more than $2.2 billion to settle the Enron actions.

The motion court rejected Twin City's defenses, including that JPMC had failed to comply with the notice provision of the "claims-made" policy at issue here, and directed that judgment be entered in favor of plaintiffs in the amount of $22,500,000 plus prejudgment interest, together with costs and disbursements, all together amounting to $28,358,180.14.

Twin City was a $22.5 million participant in a combined lines program providing JPMC with a total of $200 million in Bankers Professional Liability insurance, effective November 30, 1997 to November 30, 2001 (the 97-01 Program).

Twin City was not a participating insurer at the inception of the 97-01 Program, but, effective July 15, 2000, replaced Reliance Insurance Company as an excess insurer by providing coverage for the second excess layer of $10 million excess of $30 million and for the sixth excess layer of $12.5 million excess of $70 million.

The binders issued by Twin City adopted the terms of coverage as bound by Reliance, which incorporated the terms and conditions of the primary policy issued by Lloyd's, London.

The "claims-made" policy afforded coverage both for claims made against the insured during the policy period, as well as claims made subsequent to the policy period, provided that the insured gave notice during the policy term of any act, error or omission that may subsequently give rise to a claim. As set forth in the Lloyd's primary policy:

"If during the Policy Period . . . the Risk and Insurance Management Department shall become aware of any act, error or omission which may subsequently give rise to a claim being made against an Insured and shall during the Policy Period . . . give written notice of such act, error or omission, then any claim which is subsequently made against the Insured arising out of such act, error or omission shall for the purpose of this policy be treated as a claim made during the Policy Period."

An addendum to the Lloyd's primary policy substituted the words "Wrongful Act" for all references to "acts, errors or omissions" throughout the policy. Another addendum defined "Wrongful Act" to include any "(i) act, error or omission by the Insured or any person or entity for whom the Insured is legally responsible, or (iv) dishonest or fraudulent act or omission by any officer or employee of the Named Corporation or any Subsidiary Company."

The record shows that in late November 2001, as the 97-01 Program was nearing expiration and JPMC was seeking renewal of its insurance for the 2001-2002 policy period, Enron's credit rating had been downgraded to junk status and there was speculation in the press that Enron was headed for bankruptcy.

According to Richard Straub, Vice President, Corporate Insurance Services for JPMC, the insurers that were considering participating in the renewal program, including Twin City, "began to balk at providing coverage for Enron claims under the subsequent program," because [t]hey did not want to effectively buy a loss.'"

These insurers inquired as to whether JPMC had noticed or was going to notice Enron claims under the 97-01 policy, and certain of them made clear that JPMC must provide notice of the Enron circumstances to the 97-01 insurers as a condition of these prospective insurers binding coverage under the new 01-02 Program.

Mr. Straub, in conjunction with others, made the decision to notice potential claims to the 97-01 Program both because he was concerned about potential claims that might arise from JPMC's provision of professional services to Enron and because he wanted to obtain coverage for the 01-02 period.

On November 29, 2001 JPMC's insurance broker, Marsh & McLennan, sent an e-mail to the 01-02 insurers, including Twin City, outlining the terms pursuant to which the insurers agreed to bind coverage:

"As discussed, it was agreed to put the expiring contract on notice of the ENRON circumstance. JP Morgan Chase is in the process of drafting this notice and putting the prior policy on notice. It was also agreed, that in the event a Claim does arise out of this ENRON matter, this current policy shall apply (subject to this policy's terms and conditions) in the event that there is a final adjudication that no coverage exists under the prior Blended policy solely due to such claim not fulfilling the notice requirements under the prior policy — wording to be agreed."

Twin City's binder for the 01-02 Program provides that it will follow the terms and conditions of the November 29, 2001 e-mail. Stephen Guglielmo, a Twin City underwriter, testified that Enron's demise caused him concern about the renewal of JPMC's policy because of the possible exposure to an Enron claim, and that as he recalls, Enron claims were going to be noticed for the 97-01 policy and excluded from the 01-02 policy which gave him "some comfort in being part of an ongoing program with JPMorgan Chase."

On November 29, 2001 at 9 P.M., three hours before the 97-01 policy was to expire, JPMC sent the following e-mail to Twin City through its broker, Marsh:

"On November 28th 2001 it was announced that various credit agencies had downgraded Enron, Inc. debt to junk status. In addition it was announced that merger discussions with Dynegy, Inc. had been terminated. In light of this situation J.P. Morgan Chase & Co. released a statement disclosing that it has approximately $500 million of unsecured exposure to various Enron entities, including loans, letters of credit and derivatives. It was also confirmed that it has additional exposures of $400 million secured by the Transwestern and Northern Natural pipelines.

J.P. Morgan Chase & Co. and its subsidiaries and affiliates, and their directors and officers ("JP Morgan Chase") have an extensive relationship with Enron which includes, but is not necessarily limited to, lending, merger & acquisition advisory services, restructuring advisory services, various SWAPS transactions, purchaser of gas/energy and serving as indenture trustee for Enron's public debt.

While we have not received notice of any claim or potential claim at this time[,] it is anticipated that we may be named in litigation expected to arise out of the financial difficulties of Enron as a result of the relationship described above."

Fifteen minutes later, JPMC, again through Marsh, sent another e-mail which advised "please disregard the earlier email regarding this matter." The second e-mail contained the language quoted above, but with the following language added:

"Such litigation could include, among other things, allegations of breaches of fiduciary duty, aiding and abetting breaches of fiduciary duty, errors and omissions, securities fraud, negligence (including gross negligence), fraudulent conveyance, equitable subordination and misrepresentation.

While JP Morgan Chase would vigorously contest the validity of any such claims, and has no actual knowledge of such acts, we believe that all of the foregoing constitute Wrongful Acts that could give rise to a claim under the policy."

Twin City responded on November 30, 2001 with a letter acknowledging receipt of the correspondence, informing Marsh of the name of the individual assigned to the matter, and stating that "[i]n the meantime all rights and defenses afforded under any applicable policy, at law, or in equity should be considered reserved." On January 17, 2002, Lloyd's accepted the notice "as notice of a potential claim under the BPL [Bankers Professional Liability] section of the [p]olicy."

Subsequently, other insurers did so as well. Only one excess insurer, American International Specialty Lines Insurance Company (AISLIC), asserted that the notice was deficient. AISLIC, which was a defendant in this lawsuit, ultimately settled with JPMC for its Enron claims under the 97-01 program after the motion court denied its motion for an order dismissing the complaint pursuant to CPLR 3211 (a)(1) and (7).

Twin City never indicated to JPMC its position that the notice was in any way deficient until this litigation, where in its answer it asserted affirmative defenses, alleging, among other things, that coverage is barred because JPMC failed to satisfy conditions precedent to coverage, failed to provide timely, sufficient and appropriate written notice of claims and made false statements in the notices of claims.

Additionally, Twin City maintains that it has no obligation under the 01-02 policy, and has interposed counterclaims seeking damages and rescission of its participation in the 01-02 Program, alleging that it was induced to renew coverage to JPMC as the result of the fraudulent misrepresentation contained in the notice that JPMC had "no actual knowledge" of acts that could give rise to claims in connection with Enron under the 97-01 program, when JPMC in fact had actual knowledge that it had assisted Enron in manipulating its financial statements, and had learned "[b]y no later than November 19, 2001 . . . that many of the transactions it had either designed for Enron, or had engaged in as a participant, were directly responsible for Enron's deteriorating financial conditions."

Twin City initially moved in July 2006 for an order pursuant to CPLR 3211(a)(1) and (7) dismissing the complaint on the ground that JPMC's November 29, 2001 letter did not provide it with sufficient notice of the potential claim. The motion court denied the motion, finding that the notice was sufficient. In June 2007, in response to a motion by JPMC for partial summary judgment, Twin City cross-moved for summary judgment, again asserting that the notice was legally insufficient. That cross motion was denied.

In June 2008, following extensive discovery, JPMC moved, in this action and two related actions it had commenced against Twin City arising out of Twin City's refusal to indemnify JPMC in connection with professional services rendered to other corporations (the Worldcom action and the National Century Financial Enterprises, Inc., action), for partial summary judgment dismissing Twin City's counterclaims and certain affirmative defenses. Twin City cross-moved (in this action only) for summary judgment dismissing the complaint on the ground that the notice was insufficient to invoke coverage under the 97-01 policy period. JPMC "cross-moved"[ 1 ] (in this action only) for partial summary judgment dismissing the affirmative defenses to the extent that they contested the legal sufficiency of the notice. On March 10, 2009 the motion court granted JPMC's motion for partial summary judgment dismissing Twin City's affirmative defenses insofar as they challenged the sufficiency of the notice, denied Twin City's motion for summary judgment, and ordered that JPMC's motion for summary judgment dismissing defendant's counterclaims and certain affirmative defenses is sub judice and that the remainder of the action was to continue.

In December 2008, following the completion of discovery, JPMC moved for summary judgment on all remaining liability issues and damages. The motion was granted and Twin City appealed from the March 10 order and the May 21 judgment.

The motion court correctly held that the notice to Twin City was valid under the 97-01 Program. Twin City argues that JPMC did not meet the condition precedent to coverage because 1) at the time of the notice, JPMC's Risk and Insurance Management Department, in particular Mr. Straub, had no awareness of any wrongful act, and 2) the notice did not identify any specific wrongful act.

Twin City puts great stock in the fact that the notice states that JPMC has no actual knowledge of the acts listed, including breach of fiduciary duty, misrepresentation, fraud and negligence, and that Straub testified that the notice was JPMC's "effort to identify the types of acts and activities which we were involved with which, not specific to us, JPMorgan Chase, but as a general situation could, in the financial world . . . give rise to a claim."

However, Twin City's assertion that there was no awareness by JPMC of any wrongful acts, but only conjecture, rings hollow. It is clear from the record that there was heightened awareness, by both JPMC and its insurers in the days prior to the expiration of the 97-01 policy, of the impending implosion of JPMC's client Enron, which awareness led to the last minute filing of the notice of potential claims encompassing wide-ranging legal and financial issues that were almost certain to arise.

It is beyond cavil that the entire purpose of the notice, from both the perspective of the insured and the insurers, including Twin City, was "to put the expiring contract on notice of the ENRON circumstance" (emphasis added). And the notice accomplished this goal, as it presaged the allegations of the Enron lawsuits, including claims that JPMC, as one of the principal lending banks, loaning over a billion dollars to Enron, knew that Enron was falsifying its publicly reported financial results and that JPMC helped raise over $2 billion from the investing public for Enron and made false and misleading statements in registration statements and prospectuses used by Enron to raise billions of dollars in new capital for Enron.

The notice identified claims that were likely to arise out of enumerated acts and in the context of the particular unfolding circumstances of the Enron debacle, all of which were described in the notice.

In a "claims-made" policy, the purpose of the provision requiring notice of potential claims before the end of the policy is to provide "a certain date after which an insurer knows that it is no longer liable under the policy, and accordingly, allows the insurer to more accurately fix its reserves for future liabilities and compute premiums with greater certainty" (City of Harrisburg v International Surplus Lines Ins. Co., 596 F Supp 954, 962 [M D Pa 1984], affd 770 F2d 1067 [3rd Cir 1985]).

The notice here, with its reference to Enron and its catalog of the transactions with Enron, is analogous to, if not more detailed than, other notices that have been held to be sufficient pursuant to similar notice provisions in claims-made policies.

For example, in Federal Sav. & Loan Ins. Corp. v Heidrick (774 F Supp 352, 355 [D Md 1991], on reconsideration 812 F Supp 586 [D Md 1991], affd sub nom. Federal Deposit Ins. Co v American Cas. Co., 995 F2d 471 [4th Cir 1993]) where the notice set forth wrongful acts including "possible self-dealing by certain officers and directors in the construction of the . . . main office building, and violations of regulations, breaches of fiduciary duty, and negligent acts or omissions by Officers and Directors . . . relating to the construction of [the] main office building and by authorizing, approving and administering various loans and projects," the court held that the notice satisfied the purpose of the policy by giving the insurer a date certain and allowing it to fix its reserves accurately and compute premiums.

In Bodewes v Ulico Cas. Co. (336 F Supp 2d 263 [WD NY 2004], affd in part and vacated in part on other grounds, 165 Fed Appx 125 [2d Cir 2006]), the notice was held valid where the Trustees of the Buffalo Carpenters Health Care Premium Benefit, Annuity & Pension Funds gave notice that claims would likely be made as the result of the decline in the financial status of the funds and of certain specific instances of alleged mismanagement, "as well as additional claims [that] would be likely to result in the filing of legal action against the Trustees" (336 F Supp 2d at 278 [internal quotation marks omitted]).

Furthermore, in Resolution Trust Corp. v American Cas. Co. (874 F Supp 961 [ED Mo 1995]), the court upheld a notice by a savings and loan reporting that a Federal Home Loan Bank supervisor had made statements regarding certain real estate projects to the effect that because of some deficiencies in documentation, if the projects result in losses, responsibility for these losses would be placed directly on the bank's board of directors.

A follow up letter contained the identity of a potential claimant and "very vague descriptions of the circumstances under which the insureds became aware of a potential claim and the nature of claim" (id. at 965).

The court rejected the insurer's contention that the letters did not provide "enough specific information to constitute adequate notice" (id.), noting that there was no requirement of such specificity in the policy.

Nor is there such a requirement of specificity in this policy, which requires only that the insured give written notice of "wrongful acts," defined as any act, error or omission, or dishonest or fraudulent act or omission.

Twin City's citation to Home Ins. Co. v Cooper & Cooper, Ltd. (889 F 2d 746 [7th Cir 1989]), is unpersuasive, as it actually supports JPMC's position. In Home Ins., an attorney who was the sole shareholder of his firm embezzled from accounts held by his firm, casting the firm into bankruptcy.

The bankruptcy trustee made claims before the policy expired on every matter the firm had ever handled. The court held the notice ineffective, finding that

"[i]f the trustee had reason to believe that the firm's work in a given case would lead to liability, it was entitled under the policy to inform the insurer within the period of coverage and to ensure indemnity if the potential came to pass. An effort to lodge claims on everything, to extend indefinitely the coverage of a 15-month policy, has no similar effect; it is merely vexatious" (id. at 750 [emphasis added]).

Here, the notice focused on a given situation — the Enron collapse — and set forth the many different aspects of professional services that might give rise to claims.

Similarly, Twin City's reliance on American Cas. Co v Wilkinson (1990 WL 302175, 1990 US Dist LEXIS 20153 [WD Okla 1990], is misplaced. In that case, the insured bank's notice listed 50 different individuals or entities who did business with the bank, and unlike the notice here, "[no] information was given about the events or circumstances giving rise to these alleged potential claims" (1990 WL 302175, *3, 1990 US Dist LEXIS 20153, *9).

In sum, the notice here was sufficient and the insured met the condition precedent for coverage.

We have considered Twin City's other arguments and find them unavailing, including the assertion that the loss arising out of the defense and settlement of the underlying litigation was not entirely for "professional services" covered under the policy and that there should have been some allocation performed by the trial court in awarding damages.

Professional services is defined broadly in the policy to include all services provided by JPMC, including, but not limited to, Investment Banking Activities and Lending Activity. The underlying litigation specified these types of activities as giving rise to the claims. Thus, the losses are covered under the policy.

Accordingly, the judgment of the Supreme Court, New York County (Charles E. Ramos, J.), entered May 21, 2009, awarding plaintiffs the aggregate amount of $28,359,180.14 against defendant-appellant pursuant to an order, same court and Justice, entered May 19, 2009, which granted plaintiffs' motion for summary judgment, and order, same court and Justice, entered March 10, 2009, which, inter alia, granted plaintiffs' motion for partial summary judgment and denied appellant's cross motion for summary judgment dismissing the complaint should be affirmed, with costs.

All concur.

THIS CONSTITUTES THE DECISION AND ORDER OF THE SUPREME COURT, APPELLATE DIVISION, FIRST DEPARTMENT.

1. The motion court noted the impropriety of attempting to file a cross motion to a cross motion but nonetheless considered the application, in the absence of prejudice to Twin City, which had submitted its opposition to that application. ""

Source
http://www.randywhitestone.com/2010/03/lehman-brothers-private-equity-lehman.html

Folks, don't forget that Proskauer Rose trying to Steal the Trillion Dollar Iviewit Patent and the Enron investments at that time led to the Enron Collapse.

Proskauer Rose gets these companies into the trouble that makes them go bankrupt, then represents them in the bankruptcy.. the Shareholders.. investors lose and Proskauer Rose Wins on all sides of the story. .. and as with all bankruptcy cases - it seems there is no one accountable to the creditors.. Really.. the FBI and DOJ are not listening .. they are looking for the WRONG Criminal just to get an indictment under their hat.

Links to Proskauer Rose and Enron
http://www.proskauersucks.com/search/label/Enron%20Bankruptcy

Read more...

Bank Corruptcy Courts - Demand Integrity

Demand Accountability among the US Bankruptcy Trustees. It appears the the US Trustee is NOT held accountable for ANYTHING. They look the other way when corruption is shown to them, they allow judges and attorneys to seize property, get outrageous fees and ruin lives.

The Creditors Committees are often filled with strategic players in order to make sure the Trustee, Attorneys and Corruption Ring gets as much money as Possible then throw in the banks that are convinced to seize the property and you now have some more Bank-Corruptcy... So Where does the Property Owner, the Asset Owner, the Real Estate Consumer Stand a Chance in any of This? Well they Don't.

Bankruptcy Crimes Law and Procedure
Not Something I Get any Money From...

Expose Bankruptcy Fraud

Corporate Restructuring & Bankruptcy Blog

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