UPDATED October 10, 2007
As
the Author of this section of the Western Capital Site, It is
essential the everyone know that the loss of equity is not specific
to Utah, but is happening all throughout the nation. We simply
are profiling The Franklin Squires Organization because this is the
company that WE almost lost a million dollars with. We have spent
the past month on this issue and many members of the media from
around the world have issued inquires into this matter. We even
issued a national press release to clarify our position. But the
most astounding thing is the manner in which the Franklin Squires
Students are dealing with this. There is little hostility, but
there exists a true colloquy from a religious perspective about the
pro's and con's of judgment, assuming and personal accountability
for not looking inward first, prior to castigating the messenger
This is amazing to see.. USUALLY
in matters such as this there are people who decide that they MUST
BE HEARD and to hell with their morals,,, but we are seeing
something different out of Franklin Squires.....Accountability,
fostered by their own peers!
Hey, we all make mistakes. I
know that I have made my share of them.
Rick Koerber has
clearly outlined what happened in Wyoming and this has satisfied
many. Maybe it is not up to us to go public on issues such as
this. I sure would love to have lunch with Rick and get a real
look at the man behind the signs, Who knows, he may have a group of
students who USED HIM.
Just A Thought,
Robert Paisola
CEO
Western Capital
For Information Updates on
Franklin Squires and
www.FreeCapitalist.com Please
Click Here FOR A LIVE CALL
WITH THE UTAH DEPARTMENT OF SECURITIES DIRECTOR THAT HAS CONFIRMED
THE OFFICIAL INVESTIGATION INTO FRANKLIN SQUIRES
October 10, 2007
Franklin Squires and
Rick Koerber owe me $30,000- And Says They Can't Pay!
Hi. I just wanted to thank you for all of the great information
you have provided regarding Rick Koerber and his money scam. I
invested $30,000 of my mom's retirement money in May and started
looking on the internet just two months later when I called the
note in and was told they didn't have the money. Interest
payments subsequently stopped as well. I contacted Michael
Hines like your website said and got the ball rolling from my
end. I don't understand why more people are not willing to step
up to the plate. Koerber is the bad guy right? I can't decide
if the people I invested with (neighbours') are bad as well or
not. Anyway, I wanted to say thanks. I'm worried that Koerber
is going to walk on this one too. What do you think?? My phone
number is 801-372-XXXX. My email is
@msn.com. Thanks! Wendy
www.FranklinSquiresLawsuit.com on
KSL NBC Television Affiliate
BEFORE THE SECRETARY
OF STATE
STATE CAPITOL
CHEYENNE, WYOMING
82002-0020
| IN THE
MATTER OF |
) |
|
| |
) |
|
| National
Business Solutions, LLC |
) |
|
| A
Securities Issuer, |
) |
|
| |
) |
|
|
And |
) |
Case #
00-04 |
| |
) |
|
| C. Rick
Koerber, |
) |
|
|
Individually and as a managing partner, |
) |
|
| |
) |
|
|
Respondents. |
) |
|
Petition for Order to Cease and
Desist
and Impose Sanctions for
Violations of Wyoming's Uniform Securities Act
COMES NOW the Wyoming Securities Division and states as
follows:
Jurisdiction
| 1. |
Wyoming
Statute ("Wyo. Stat.") §17-4-118 states that: |
| |
(a) |
This act [
Wyoming’s Uniform Securities Act] shall be administered
by the secretary of state. |
| 2. |
As
administrator of Wyoming’s Uniform Securities Act, the
Secretary of State has jurisdiction over any person,
whether registered or not, who willfully violates any
provision of the Wyoming Uniform Securities Act [Wyo.
Stat. §17-4-101 et seq.] and the sales conduct of
securities issuers, agents, broker-dealers, the
securities they sell and enforcement of the Act’s
anti-fraud provisions. [Wyo. Stat. §17-4-124(f)]. |
| |
|
| 3. |
W. S.
§17-4-106 states: |
| |
(a) |
The secretary
of state may by order deny, suspend, make conditional or
probationary or revoke any registration or may impose a
civil penalty, require restitution to investors, censure
or reprimand, require remedial training, impose special
reporting requirements or impose other conditions, which
he determines to be in the public interest, against any
registration or registered person if he finds: |
| |
|
(i) |
That the order
is in the public interest; and |
| |
|
|
|
| |
|
(ii) |
That the
applicant or registrant or, in the case of a
broker-dealer, any partner, officer, or director, any
person occupying a similar status or performing similar
functions, or any person directly or indirectly
controlling the broker-dealer: |
| |
* * * * * * *
* * * * * * * |
| |
|
|
(B) |
Has willfully
violated or willfully failed to comply with any
provision of this act or a predecessor act or any rule
or order under this act or a predecessor act; |
| |
* * * * * * *
* * * * * * * |
| |
|
|
(G) |
Has engaged in
dishonest or unethical practices in the securities
business; |
| 4. |
W. S.
§17-4-124 states: |
| |
(a) |
The secretary
of state may from time to time make, amend and rescind
such rules, forms and orders as are necessary to carry
out the provisions of this act... |
| |
* * * * * * *
* * * * * * * |
| |
(f) |
.... In
addition to any other civil or criminal penalty provided
in this chapter any person, whether registered or not,
who willfully violates any provision of this chapter may
be assessed civil penalties, be required to pay
restitution and costs or to rescind the transaction or
transactions and pay costs, is the secretary of state
finds it in the public interest..... |
Factual Allegations:
| 5. |
On June 13,
2000 the Securities Division of the Wyoming Secretary of
State’s Office participated in a securities
investigation on referral from the Casper Police
Department pursuant to Wyo. Stat. §17-4-119. As a result
of said investigation it is hereby alleged that
Respondents, National Business Solutions, LLC. ("NBS"),
and C. Rick Koerber, did commit violations of the
Wyoming Securities Act. |
| |
|
| 6. |
The investment
opportunities in NBS, offered and sold by the
respondents, as represented in verbal presentations and
evidenced by stock certificates, subscription agreements
and other documents, are securities as defined by Wyo.
Stat. §17-4-113 (a)(xi). |
| |
|
| 7. |
NBS, located
at 240 South Wolcott, Casper, Wyoming, 82601, doing
business as GlobalCentral.com, was formed with the
Wyoming Secretary of State as a limited liability
company on May 30, 1997. The registered agent listed
with the Secretary of State for NBS, is C. Rick Koerber,
whose registered address is 240 South Wolcott, Suite
238, Casper, Wyoming 82601. |
| |
|
| 8. |
The Articles
of Organization of NBS, Article V, filed with the
Secretary of State on May 30, 1997, indicates that the
total amount of capital contributed to the company is
$10.00. As of September 21, 2000 no additional capital
contributions to NBS have been reported to the office of
the Secretary of State. |
| |
|
| 9. |
The Articles
of Organization of NBS, Article VIII, filed with the
Secretary of State on May 30, 1997, state that the
management of the company is reserved to the members.
The names and addresses of the members are C. Rick
Koerber, 240 S. Wolcott, Suite 238, Casper, WY 82601;
Russ Donley, 240 S. Wolcott, Suite 234, Casper, WY
82601; and Barry Hawker, 1914 E. Cortez Drive, Gilbert,
AZ 85234. |
| |
|
| 10. |
In the notes
to the December 31, 1999 Financial Statements for NBS
prepared by Porter, Muirhead, Cornia & Howard, a
Corporation of Certified Public Accountants, NBS is
described as having its principal business activities as
"internet access services, web page construction &
advertising and referral services nationwide." |
| |
|
| 11. |
During the
period of the alleged securities violations herein,
February 2000 through July 2000, NBS’s standing with the
Wyoming Secretary of State was delinquent for failure to
timely file its annual report and pay annual fees due
under Wyo. Stat. §17-15-112 and 17-15-132. NBS’s
authority to conduct business in Wyoming was never
revoked and NBS has paid all delinquent filing fees due
to the State of Wyoming. |
| |
|
| 12. |
During the
period February 18, 2000, through July 7, 2000 at least
eleven (11) people, acting on behalf of NBS as agents,
contacted approximately two hundred (200) persons
identified as potential investors. The persons contacted
included Wyoming residents and non-residents. The agents
offered the potential investors an opportunity to invest
in NBS through the purchase of stock. |
| |
|
| 13. |
During the
period February 18, 2000, through July 7, 2000, NBS did
in fact distribute stock to not less than one hundred
forty-six (146) persons. Stock was issued for and in
consideration of the total receipt of not less than one
hundred sixteen thousand dollars ($116,000). |
| |
|
| 14. |
During the
period February 18, 2000, through July 7, 2000, NBS
issued stock for and in consideration of services
rendered by agents and/or employees of NBS. |
| |
|
| 15. |
During the
period February 18, 2000, through July 7, 2000,
approximately thirty (30) persons, including high school
students, received stock without payment of any
consideration being paid to NBS. |
| |
|
| 16. |
NBS has
neither registered a security offering with the Wyoming
Securities Division, nor has it filed for an exemption
from registration. |
Broker-dealer and agent registration:
| 17. |
Wyo. Stat.
§17-4-103 states in part: |
| |
(b) |
It is unlawful
for any broker-dealer or issuer to employ an agent
unless the agent is registered. The registration of an
agent is not effective during any period when he is not
associated with a particular broker-dealer registered
under this act or a particular issuer. When an agent
begins or terminates a connection with a broker-dealer
or issuer, or begins or terminates those activities
which make him an agent, the agent as well as the
broker-dealer or issuer shall promptly notify the
secretary of state.
|
| 18. |
NBS and C.
Rick Koerber violated Wyo. Stat. §17-4-103 by employing
not less than eleven (11) persons to act as agents in
connection with the offer and sale of a security in NBS.
NBS indicated said employment through the payment of
commissions to said agents upon the receipt of
investor’s money. NBS and C. Rick Koerber knew or should
have known said persons were not registered by the
Wyoming Secretary of State with any broker-dealer and
were not registered as securities agents for the
issuers, NBS and C. Rick Koerber. |
| |
|
| 19. |
NBS and C.
Rick Koerber, acting as an issuer of securities,
violated Wyo. Stat. §17-4-103 by failing to notify the
Secretary of State that they had employed any person as
an agent for the purpose of selling a security in NBS. |
Unregistered security offering:
| 20. |
Wyo. Stat.
§17-4-107 states: |
| |
(a) |
It is unlawful
for any person to offer or sell any security in this
state unless: |
| |
|
(i) |
It is
registered under this chapter; |
| |
|
(ii) |
The security
or transaction is exempted under W.S. §17-4-114; or |
| |
|
(iii) |
It is a
covered security. |
| 21. |
NBS and C.
Rick Koerber, acting individually and/or in his capacity
as a managing member of NBS, failed to file a securities
registration for NBS with the Secretary of State
Securities Division. |
| |
|
| 22. |
The securities
offered by NBS and C. Rick Koerber were not registered,
were not exempt from registration and were not “covered”
securities (based on the regular business records kept
by the Wyoming Securities Division) pursuant to Wyo.
Stat. §17-4-114. |
| |
|
| 23. |
National
Business Solutions, LLC. and C. Rick Koerber did offer
and execute unregistered securities transactions during
the period February 2000 through July 2000, a violation
of Wyo. Stat. §17-4-107. |
Limited Liability Company violations.
| 24. |
Pursuant to
the Articles of Organization of NBS, A Limited Liability
Company, no new or additional members shall be admitted
except as provided in its operating agreement. The
Operating Agreement of NBS did not provide for new or
additional members. NBS and C. Rick Koerber had no
authority under the operating agreement to issue a
security interest in NBS. |
| |
|
| 25. |
The securities
NBS and C. Rick Koerber offered and issued in NBS, which
is registered as a limited liability company, were
evidenced by stock and stock subscription agreements,
which are exclusive security interests to corporations
formed under the Wyoming Corporations Act, in contrast
to membership interests as authorized by Wyoming Limited
Liability Company Act, Wyo. Stat. §17-15-101 through
17-15-144. |
False and misleading statements:
| 26. |
Wyo .Stat.
§17-4-101 provides in part as follows: |
| |
(a) |
It is unlawful
for any person, in connection with the offer, sale or
purchase of any security, directly or indirectly: |
| |
|
(ii) |
To make any
untrue statement of a material fact or to omit to state
a material fact necessary in order to make the
statements made, in the light of the circumstances under
which they are made, not misleading; or |
| |
|
(iii) |
To engage in
any act, practice, or course of business which operates
or would operate as a ..... deceit upon any person. |
| 27. |
NBS and C.
Rick Koerber offered “stock” for sale in NBS at the rate
of ten cents ($.10) per share. NBS and C. Rick Koerber
knew or should have known that NBS was a limited
liability company having the power to issue
"memberships", not stock. |
| |
|
| 28. |
NBS and C.
Rick Koerber failed to disclose to potential investors
that NBS had not amended its Articles of Organization or
Operating Agreement to authorize issuance of new
memberships to potential investors, a fact necessary to
make other statements regarding the stock being offered,
not misleading. |
| |
|
| 29. |
NBS and C.
Rick Koerber failed to inform investors that NBS was not
in good standing with the Wyoming Secretary of State for
failure to pay annual fees and had failed to report its
additions to capital contributions to the Wyoming
Secretary of State, a fact which if known, could have
materially altered an investor’s decision whether the
stock offered was validly issued and had potential value
as an investment. |
| |
|
| 30. |
NBS and C.
Rick Koerber conducted security transactions by and
through unregistered agents in violation of the Wyoming
Securities Act. |
| |
|
| 31. |
NBS and C.
Rick Koerber conducted security transactions in
unregistered and nonexempt securities in violation of
the Wyoming Securities Act. |
| |
|
| 32. |
NBS and C.
Rick Koerber omitted to state material facts to
investors in violation of the Wyoming Securities Act,
that the stock was not registered, was not exempt or a
covered security and was being sold through
nonregistered agents. |
| |
|
| 33. |
NBS and C.
Rick Koerber issued to prospective investors a
materially false and misleading investment package as of
February 2000. Under the heading "Global Information
Council: Non-Disclosure Agreement" the financial
condition of NBS was described as follows: |
| |
|
The trend and
growth of present day Internet companies is centered on
over inflated and speculative ventures. Contrary to the
trend in the Internet world, National Business
Solutions, LLC dba GlobalCentral is in a superior
financial position. Both the 1998 and the 1999 P&L shows
that the company has been solidly in the black for the
last two years. In addition the balance sheet reflects
the unique success of the company in owing no long-term
debts to any creditors and having operated essentially
debt free since the beginning of 1998. Also showing an
unusually strong asset base, the company is uniquely
positioned to meet its future objectives. |
| 34. |
The investment
package contained a profit and loss statement for the
year ending December 1998 showing a net income of
$34,674.95 and a profit and loss statement for the year
ending December 1999 showing a net income of $15,
530.23. A Balance Sheet presented by NBS as of February
16, 2000 listed total assets of $194,319.73 and owner
equity in the sum of $182, 247.38. The financial
information presented was not prepaired in accordance
with GAAP and was, therefore, misleading and a material
misrepresentation of the financial condition of NBS. |
| |
(a) |
In fact, a
financial statement prepared by the firm of Porter,
Muirhead, Cornia & Howard, a corporation of Certified
Public Accountants, prepared for NBS for the period
ending December 31, 1999, indicates that the total
assets of NBS as of December 31,1999 , were $76,487, not
assets of $194,319. 73 as presented to investors. |
| |
(b) |
The Porter,
Muirhead, Cornia & Howard financial statement indicates
that member’s equity was at a deficit in the sum of
$10,665 , substantially different from the $182, 247.38
profit presented to investors in February through July
of 2000. |
| |
(c) |
The Porter,
Muirhead, Cornia & Howard financial statement indicates
that the company operated at a net loss of $13,992 for
the period ending December 31, 1999, not at a $15,530
profit as presented to investors by NBS. |
| 35. |
C. Rick
Koerber materially misstated his capital investment on
the Balance Sheet of NBS as of February 16, 2000, in the
sum of $169,640.91. The equity shown was in fact a “plug
balance” figure and did grossly overstate the actual
paid in capital by Mr. Koerber. Said Balance Sheet was
included in the package of information provided to
potential investors and was intended to be relied upon
by investors in making their investment decision. |
| |
|
| 36. |
NBS and C.
Rick Koerber issued a false Balance Sheet dated February
16, 2000, listing internet property assets in the sum of
$129,500. In fact those assets were listed at a
speculative appraised value not reflecting the actual
cost value of said assets, the sum of $403.00. |
| |
|
| 37. |
NBS and C.
Rick Koerber failed to disclose a material fact to
investors that up to forty percent (40%) of their
investment proceeds would be used to pay sales
commissions. |
| |
|
| 38. |
NBS and C.
Rick Koerber failed to disclose a material fact to
investors that up to ninety percent (90%) of the stock
sale proceeds after commissions, would be disbursed for
past and current operating expenses of NBS, not in the
expansion or acquisition of assets to expand the
business. |
| |
|
| 39. |
NBS and C.
Rick Koerber failed to disclose a material fact to
investors that NBS was in fact operating at a loss
during the period January 2000 through July 2000, the
period when offers and solicitations of securities in
NBS were made. |
| |
|
| 40. |
NBS and C.
Rick Koerber failed to disclose a material fact to
investors that a portion of the stock sale proceeds
would be used for the purpose of paying C. Rick Koerber
and his family for past considerations. |
| |
|
| 41. |
As an
incentive to purchase stock in NBS, each investor who
invested a minimum of $5,000 was to receive a "free
computer." For two investors who did not have the cash
to pay for stock and receive a "free computer," NBS
arranged a consumer credit loan through Lease
Acceptance. Under the terms of the investment the
investor received stock and a computer, for and in
consideration of a long term lease. The investor, in
some cases, agreed to make sixty monthly payments of up
to $280.00 per month with an annual interest rate in
excess of twenty percent (20%). The investor was not
advised that in fact he was purchasing stock on
"margin", a practice within the securities industry
which allows an investor to purchase more securities
than they can otherwise afford using borrowed money.
Failure to disclose and explain a "margin" transaction
is a material omission of fact. |
| |
|
| 42. |
NBS and C.
Rick Koerber made oral statements to the effect that NBS
would be "going public" through a listing on the
National Association of Securities Dealers Automated
Quotation (NASDAQ) System. One of the stated purposes of
the stock sale proceeds was to expand the company and
prepare the required paperwork for a listing. NBS and C.
Rick Koerber adivsed investors that the value of the
stock would increase as a result of a NASDAQ listing.
NBS and C. Rick Koerber failed to use the proceeds of
the offering to build company equity, increase assets,
or engage professionals in the preparation of documents,
the acts associated with making a public offering as
represented to investors. |
| |
|
| 43. |
NBS and C.
Rick Koerber did make untrue statements and failed to
make statements of a material nature in connection with
the offering of a security, as set forth in paragraphs
27 through 42 above, in violation of Wyo. Stat.
§17-14-101. |
| |
|
| 44. |
NBS and C.
Rick Koerber did engage in a practice and course of
business as set forth in paragraphs 27 through 42 above,
which operated as a plan of deceit or had the effect of
deceiving those persons who were solicited and offered a
security in NBS, in violation of Wyo. Stat. §17-14-101. |
Public Interest and Protection:
| 45. |
NBS and C.
Rick Koerber have violated the provisions found in Wyo.
Stat. §17-4-101,103 and 107 of the Wyoming Uniform
Securities Act. They have engaged in conduct which is a
threat to the investing public in Wyoming. |
| |
|
| 46. |
A Cease and
Desist Order is necessary and appropriate for the
protection of investors, is in the public interest and
is consistent with the purposes of the Wyoming Uniform
Securities Act. |
Wherefore, the Wyoming Securities Division prays that an
order issue against NBS, its successors, affiliates, controlling
person, officers, agents, servants, employees and every entity
and person directly or indirectly controlled or organized by or
on its behalf and C. Rick Koerber to cease and desist from
further offers or sales of securities unless and until such
securities, broker-dealer, and agents are registered pursuant to
the Wyoming Securities Act.
Further, the Wyoming Securities Division prays that an
order issue against NBS and C. Rick Koerber ordering full and
complete disclosure of the financial condition of NBS as per an
audit by a certified public accountant to all investors in NBS,
that NBS be ordered to make an offer of recission to all persons
who invested in a security in NBS and for such other relief
pursuant to Wyo. Stat. §17-4-124 as appropriate, including a
civil penalty, an award for the costs of investigation and such
other relief as necessary to protect the investing public.
Further, that respondent C. Rick Koerber shall be
denied an exemption from registration of any kind in connection
with the issuance of a security for any offering wherein said
respondent is a majority interest holder, managing partner or
employee having responsibility for any financial duties with an
issuer.
Done this 21st day of November, 2000.
| |
FOR THE STATE
OF WYOMING |
| |
SECRETARY OF
STATE’S OFFICE |
| |
SECURITIES
DIVISION |
| |
|
| |
|
| |
|
| |
____________/s/_________ |
| |
James S.
Mitchell, J.D. |
| |
Project
Administrator |
Return to
Wyoming Securities Enforcement Page
Franklin
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A Word from Robert Paisola on
Negative Press, Jealousy and People who Who would LOVE to be
Successful.... But Cant...Meeting With President Bush
DEBT COLLECTORS GONE WILD, AN ABC NEWS INVESTIGATION INTO THE
DARK SIDE OF
THE DEBT COLLECTION INDUSTRY.
WATCH THE VIDEOS, LISTEN TO THE ABUSE, LIVE!
Happy Holidays from The Western Capital Family of
Companies! Look at Photos from the Corporate Party!
We Just Hit
The Jackpot!
Ameriprise
Financial (Formerly American Express) has
hired a company based in Thousand Oaks,
California named
American Recovery ( ARSI )
(See
www.ARSIGROUP.com
)to make "courtesy calls" on out of statute
paper! Listen to the tapes as the COLLECTOR-
ESTHER and the MANAGER -MICHELLE Violate the
FDCPA over and over. They refuse to
acknowledge that they are a collection agency
when asked three times, ( THEY LIED!) and
claim that they are just collecting FIRST PARTY
CLAIMS! (AGAINST THE FDCPA) This is an
incredible story that you will not want to miss.
The tapes are being transcribed now by our New
York Office! A formal media release will be
issued by 9:00 AM CST on 9-30-06 and all media
inquiries should be directed to
media@mycollector.com
COPYRIGHT WESTERN CAPITAL
INVESTIGATIONS 2006
THE CALL IS NOW LIVE!
PART ONE
PART TWO
THE TRANSCRIPTS ARE NOW LIVE!
READ THE FULL TRANSCRIPT NOW
LIVE!
NATIONWIDE CREDIT VIOLATES NOT ONLY THE FDCPA- BUT TWO PREVIOUS
FTC CONSENT DECREES WITH THE FTC! WE HAVE IT ON TAPE AS
THEY
ABUSE OUR CLIENTS
HARISHA AND
SHANKARI BASTIAMPALLIAI-
LISTEN AS COLLECTOR ASHLEY COTTON AND AL ROSSMAN THE "DIRECTOR
OF OPERATIONS IN SACRAMENTO" OF NATIONWIDE VIOLATES THE LAW VIA
AMERICAN EXPRESS. THIS IS ONE OF THE MOST CLEAR EXAMPLES OF
TERRORISTIC COLLECTING WE HAVE SEEN ! THE CALL IS POSTED AND
WILL BE TRANSCRIBED BY EVOCA.COM THE CALL IS NOW LIVE!
PART ONE OF THIS CALL WILL BE FORTHCOMING.
READ THE FULL TRANSCRIPT
 |
NBC VIDEO
|
UPDATE 8-25-2006
ALLIED INTERSTATE/ INTELLIRISK COMPLAINT'S LINE UP!
21 More
Victims Report Abuse to Western Capital! Read It Here!
UPDATE 8-24-2006
GMAC
RESPONDS- POSSIBLE CLASS ACTION LAWSUIT?
THE GMAC
TRANSCRIPT IS NOW LIVE!
UPDATE 8-23-2006
GMAC ASSET RECOVERY CENTER RE-AGES
PORTFOLIO HOLDING CLIENTS CREDIT BUREAU HOSTAGE FOR 7 MORE
YEARS. WATCH FOR THE CALL AND THE WRITTEN REPLY FROM
MANAGERS ANDREW BRIDGES, CARLOS BARRETT, ABNER RODRIGUEZ, AND
TRAVIS MILLER IN FORT WORTH, TEXAS ON THIS MATTER. UPDATES TO
COME!
THE CALL IS
NOW LIVE!!!
Read the Full Transcript of
this Call
UPDATE 8-22-2006
Class Action Lawsuit Filed in
Arkansas Against Debt Collection Firms for Collecting Out of
State Debts without being registered. The defendants are
Intraoperative Monitoring Company, American Intraoperative
Monitoring, Oklahoma Management Services for Physicians and
Orthopedic Management Services.
Bud Hibbs Lays it out in Plain English!
UPDATE 8-15-2006
Debt collector gets
jail for extortion
New York Attorney
General Elliott Spitzer and John Faso, the Republican Challenger
for Governor Use America's Abuse by the Debt Collection Industry
as a Top Campaign Issue. Isn't it about time someone
looked at what was going on?
Your Voice is being heard Around the Globe!
UPDATE 8-14-2006
Trainings From Los Angeles to Las Vegas From The Bellagio to The
Wynn Resort, See the Photos and Read The Story!!
UPDATE 8-10-2006
Agencies Issue Report
on Compliance with Consumer Dispute Provisions of FCRA
UPDATE 8-9-2006
A
Special Message of Gratitude to our Clients and Students around
the world from Robert Paisola and The Success Training Network,
A Western Capital Company...
UPDATE 8-7-2000
Las Vegas Nevada Training Seminar This Week!
UPDATE 8-2-2006
Atlantic Collections is Suspended by Canadian Government
from Collecting
UPDATE 8-02-2006
Provident
Partners Companies
is a company located in Scottsdale Arizona and the CEO is
William Spain. Listen to this call that is now live with a
transcript on our blog!
HERE
UPDATE 7-27-06
The
Media Asked for it, and now you have it! We
have had the entire conversation between Mr. de la
Torre, Robert Paisola and Jacobson Sobo and Moselle
in Florida transcribed. Here!
Suing
Single Mothers, Racial Profiling, Racial Abuse
and ILLEGAL RE-AGING OF ACCOUNTS FROM 1998! ALL IN
VIOLATION OF YOUR RIGHTS.
LIVE FROM PLANTATION FLORIDA! UNIFUND
CONVERSATION WITH PLAINTIFF DE LE TORRE AND
UNIFUND'S LAWFIRM, Jacobson,
Sobo & Moselle. How Could there be a lawfirm
called www.floridacollections.com and no Attorneys
Avaliable to talk to you? You will now here
from Mr. Silver, the
NON ATTORNEY "DIRECTOR"collector who attempts to
weasel his way out of this conversation with Robert
Paisola. It is Now Live!
Can you say- NAIL IN
THE COFFIN? Who is Justin
Daniel Jacobsen?
What will Judge Miriam Lear have to say after she
sees this is a National Media Event and the
discrimination component?
All media inquires should be directed to
media@mycollector.com
NCO GROUP PLAYS THE GAME!
Just Another Day at NCO- Keep Juggling the Ball....
NCO Announces Definitive Agreement to
be Acquired by One Equity Partners,
Joining Together with Michael J.
Barrist, for $27.50 per Share.
HORSHAM, PA, July 24, 2006 - NCO
Group, Inc. (“NCO” or the “Company”)
(NASDAQ: NCOG),
a leading provider of business process
outsourcing services, announced today
that it had entered into a definitive
agreement to be acquired by
One Equity Partners (“OEP”) and
Michael J. Barrist, Chairman, President
and Chief Executive Officer of the
Company, in a transaction valued at
approximately $1.26 billion.
Other members of executive management
will be given an opportunity to invest
in the surviving company and Mr. Barrist
will continue as Chief Executive Officer.
Under the terms of
the agreement, NCO shareholders will
receive $27.50 in cash for each share of
NCO common stock they hold as of the
effective date of the merger. The price
represents a 44 percent premium to the
closing price of the stock prior to the
Company’s May 16, 2006 announcement of
the receipt of the proposal from Mr.
Barrist.
The merger
agreement was negotiated on behalf of
NCO by a special committee of the Board
of Directors composed entirely of
independent members of the Board. Upon
the unanimous recommendation of the
special committee, the Board of
Directors has approved the merger
agreement and has recommended to NCO's
shareholders that they adopt the
agreement.
The transaction is
expected to be completed in the fourth
quarter of 2006, subject to receipt of
shareholder approval and customary
regulatory approvals as well as
satisfaction of other customary closing
conditions.
Blank Rome LLP
acted as legal counsel to NCO and Bass,
Berry & Sims PLC acted as legal counsel
to the Special Committee. Credit
Suisse acted as financial advisor to the
Special Committee.
Dechert LLP acted
as legal counsel for OEP and Cleary
Gottlieb Steen & Hamilton LLP acted as
legal counsel for Michael J. Barrist.
Morgan Stanley & Co. Incorporated and
JPMorgan Chase & Co. acted as financial
advisors to OEP.
RACIAL PROFILING- ILLEGAL LAWSUIT-
UNIFUND.... AGAIN!
This is a Story of A Family in Florida
that was sued by Unifund in 2004. The debt is from 1998!
They REAGED the account and Sued on an out of Statute Debt!
Idalberto De La Torre and his family were tortured by Unifund into
filing bankruptcy, and their attorneys' in Florida Jacobson Sobo and
Moselle keep on suing Hispanic's and Single Mothers! Read the
Story HERE! The full Call will be posted tomorrow!
UPDATED 7-19-06
BACK TO THE FRONT PAGE!
LDG FINANCIAL AND Mercedes Elyse Fletcher HAVE A
SPECIAL MESSAGE FOR YOU ON OUR COVERAGE OF LDG AND SABRINA CARBO.
WHO ARE THESE PEOPLE? Why would
she drag THE UNIVERSITY OF WEST
GEORGIA INTO THIS?
IT NEVER EVER ENDS..... WATCH THIS VIDEO FROM
NBC WASHINGTON DC...
NBC NEWS COVERAGE OF "ZOMBIE DEBT
COLLECTORS" WATCH THE LIVE NETWORK FEED VIDEO FROM WASHINGTON
DC.
" If
You Do Not Pay, We will RIP THE BODIES OF YOUR PARENTS OUT OF
THE GROUND AND PUT THEM ON YOUR FRONT LAWN AND CHOP THEIR HEADS
OFF!" WATCH THIS AMAZING VIDEO- WOW!
Just Click on the picture below to see this shocking video from
CBS NEWS...
DO YOU WANT THE TRUTH OF HOW EFFECTIVE THIS INTERNATIONAL SITE
IS? HOLD ON AND READ THIS!
Intellirisk Founder Indicted
