Real Estate Corruption

Obsidian Finance Group, LLC and Kevin D. Padrick Hires, David Aman Tonkon Torp to Sue Investigative Blogger Crystal L. Cox.

2011-01-26T20:03:00.000-08:00

Today, It is Brought to my Attention.. that Obsidian Finance Group, LLC and Kevin D.Padrick is Suing me for Libel... interesting.. Millons of over billing to the Summit Creditors, 15% Commission on all sales, though GOOD for him and not necessarily the Creditors.. , and Obsidian Finance Group, LLC and Kevin D. Padrick is still abusing the Oregon Courts to Control the Truth about Obsidian Finance Group, LLC and Kevin D. Padrick .. Hmmmm..

... and are the Summit 1031 Creditors Paying for this Lawsuit against the "Media" - against Investigative Blogger Crystal L. Cox... ???

Did Obsidian Finance Group, LLC and Kevin D. Padrick sue the Bend Oregon Newspapers, or the Portland Newspapers for what they Wrote on the Summit 1031 Bankrupcty or is this more of Obsidian Finance Group, LLC and Kevin D. Padrick woman hating, discrimination rearing up... as with the 2 year harassment and criminal charges against Oregon CPA and Oregon Bankruptcy Whistleblower Stephanie DeYoung FOR Her Exposing the Financial Facts and Details of Obsidian Finance Group, LLC and Kevin D. Padrick's actions in the Summit 1031 Bankruptcy.

So Not Sure Why, But David Aman of Tonkon Torp sent me a Cease and Desist by eMail, yet apparently files a Lawsuit against me in Oregon District Court but Does NOT bother To eMailme that Lawsuit or to even Let Me Know he Filed It.. Odd Don't Ya Think ?

In the Meantime, we entered into talks of PR Services, during which I had no Idea that Obsidian Finance Group, LLC and Kevin D. Padrick was suing me for Exposing their Corruption in the Summit 1031 Bankruptcy.

How Did Tonkon Torp ., David Aman Decide what Court to Sue Me In? I mean Intellectual Property Laws for the Internet Are Virginia Based Right? And My Posts on Obsidian Finance Group, LLC and Kevin D. Padrick or 2 years were done from MT, OR, WA, ID, HW, CO, UT, and CA .. .so what Court is that Out of ?

You Boys Want a Legal Battle, GOOD... I am Looking Forward to Discovery.. over and over.. Every Dollar.. As the Summit 1031 Bankruptcy has so Much Fraud, Deception, Cover Ups and back alley scandals that have yet to surface.

Coming Soon All Accounting of the Money that Tonkon Torp ., David Aman oh and Odd I Just Noticed that Videos are Dropped from My Sites... the Videos of the Meeting that ProvedObsidian Finance Group, LLC and Kevin D. Padrick BROKE Bankruptcy Laws, Violated the Rights of the Summit Creditors, Pulled a High Finance Bait and Switch AND well Committed Ethics Violations and Possible Fraud... Hmmmm..

Well Guess What Obsidian Finance Group, LLC , Kevin D. Padrick - AND Tonkon Torp - David S. Aman In July of 2009, I Received Copies of those Videos, as I was Helping StephanieDeYoung to Market the Bankrupty Corruption Proof on the Summit 1031 Bankruptcy in Effort to Help the Real Estate Consumer as I had just recently quit the Association of Realtors and was Making a Stand for the Real Estate Consumer. I Posted a Couple .. Here is one Posted in July of 2009.. I have them ALL.. and So Do Several of My Whistleblower Bloggers..

http://www.youtube.com/watch?v=0hQeP4BBfNA

Where did the Videos Go? Why are they just magically Gone?

Whatever Sick and Dirty Deal you Have Pulled in the Oregon Courts, or Bend Oregon District Attorney Pat Flaherty has Done to Help you in Suppressing Information and Silencing aWhistleblower, Well I have Copies of those Videos as do Several Of My Whistleblowers in Several States.. So the TRUTH Will Roar.. and the TRUTH is Certainly Not Libel, Not Slander and NOT Defamation. And this is in NO Way about Protecting Mark Neuman or the Summit Principals, I was Never "In bed with" them in any way. My writing on the Summit 1031 Bankruptcy was about protecting the Real Estate Consumer.

A Man that would put his own Daughter in a Mental Institute to Keep her from Talking to an Investigative Blogger, Well that is the Devil to Me... this is Not about Supporting Mark Neuman, Summit Principal in Any Way.

Get Ready Readers as We Now Enter the Obsidian Finance Group, LLC and Kevin D. Padrick... Tonkon Torp - David S. Aman and Investigative Blogger Crystal L. Cox, Smack Down..

Got a Tip ON Obsidian Finance Group, LLC and Kevin D. Padrick ... Tonkon Torp - David S.Aman ??? Send it on Over... Crystal@CrystalCox.com

*******

So Does Obsidian Finance Group, LLC and Kevin D. Padrick OR Possibly.. David Aman,Tonkon Torp Control Oregon District Court Judge Ancer L. Haggerty? Is there any past history or conflicts of interest with Obsidian Finance Group, LLC and Kevin D. Padrick OR Possibly.. David Aman, Tonkon Torp Control Oregon District Court Judge Ancer L. Haggerty

Got a Tip on Oregon District Court Judge Ancer L. Haggerty ?

Crystal@CrystalCox.com

www.AncerHaggerty.com Coming Soon to Explore the life and Career of Oregon District Court Judge Ancer L. Haggerty - Conflicts of Interest Possibly with David Aman, Tonkon Torp orObsidian Finance Group, LLC and Kevin D. Padrick.

Do you have an Issue, Story or information on any possible Fraud on the Courts involvingOregon District Court Judge Ancer L. Haggerty ? If So Please eMail me your Oregon District Court Judge Ancer L. Haggerty tip at Crystal@CrystalCox.com

Also Under Freedom of Information Act I Will Soon Be Posting all U.S. Court Documents of the Summit 1031 Bankruptcy on where YOUR Money Really Went. and Under Freedom of Information Act I Will be Getting and Posting Documents on Solar Tax Credits and possible Fraud on the Oregon Government over that, and then hopefully be filing a Qui Tam Lawsuit to get 30% Recovery of What Obsidian Finance Group, LLC and Kevin D. Padrick has possiblyfrauded the U.S. Government.

How much Money has Obsidian Finance Group, LLC and Kevin D. Padrick REALLY PaidTonkon Torp and David S. Aman to SHUT up the Truth about the Massive Money FraudulentlySpent in the Summit 1031 Bankruptcy? Coming Soon.. You have a Right to Know.. What YOU paid .. Tonkon Torp and David S. Aman and how much of it went to Bend Oregon District Court and Portland District Court Legal Issues to Filing Charges and Lawsuits to SHUT Up Bankruptcy Whistleblower Stephanie DeYoung and "Media" , Investigative Blogger Crystal L. Cox. .. It's Your Money !!!

Here is the Supposed Libel Lawsuit Link, yet I have No Record of it being Sent to Me.

http://dockets.justia.com/docket/oregon/ordce/3:2011cv00057/101036/

Tonkon Torp - David S. Aman Vs. "media" "blogger" "investigative blogger" "real estate whistleblower" Crystal L. Cox...

Obsidian Finance Group, LLC and Kevin D. Padrick Vs. "media" "blogger" "investigative blogger" "real estate whistleblower" Crystal L. Cox...

Stay Tuned to my Investigative Blogger Network, Whistleblower Media, Real Estate Whistleblower, Court Corruption, Bankruptcy Corruption "Media" sites for the Whole Story as it Plays Out..

posted here by

Crystal L. Cox

Investigative Blogger

Crystal@CrystalCox.com

Martin Cain - Dylan CHP Enterprises LLC Calls Crystal L. Cox Montana Real Estate Broker Owner and Investigative Blogger

2010-12-17T18:57:00.001-08:00

Request for Congressional Foreclosure Panel - STOP Creating Real Estate Victims - Real Estate Whistleblower

2010-12-15T15:56:00.000-08:00

"URGENT need for Lawmakers to take action! Scores of HOMEOWNERS DO NOT CONTEST FORECLOSURES BECAUSE:

1. They don't have knowledge of the law in order to recognize which aspects of foreclosure are legally challengeable or even fraudulent.

2. And even those who identify wrongdoing lack funds to pay for attorneys to represent them.

3. Homeowners are told to come to foreclosure auctions with $$$$$$$ that they do not have, SO THEY STAY AWAY from foreclosure auctions.

These homeowners are oblivious about sometimes "straw buyers" and sometimes lawyers in charge of foreclosures, obtains ILLEGAL ownership of people's homes; and pay literally nothing through "credit bids;" and that those recorded deeds from such auctions are null! For these very reasons, there needs to be a probe of lawyers who file foreclosures. http://chn.ge/eU2zAm

Also, the average lay person doesn't know about legal REQUIREMENTS of "standing" that prevents their homes from being repossessed via non-existent lenders or via lenders which have no ownership of promissory notes.

Yet, COURTS ARE SUPPOSED TO ENFORCE STANDING and compliance with established laws! Illegal, defective, fraudulent foreclosures are the cause of useless property deeds for real estate sales; title insurance companies refuse coverage on foreclosed properties –and more!

Further, after certain foreclosure auctions (via simulation) result in fraudulent – NOT LENDER ACQUISITIONS, by lawyers or straw buyers, the common scenario becomes property flipping, neighborhood blight, rodents, and so on!

*Sample of fraudulent foreclosure acts:

–Deliberately use defunct lenders, lenders without “standing” for false civil and bankruptcy foreclosure proceedings.
– Create and conceal malpractice foreclosure delays and engineer billable litigation.
– Orchestrate sham foreclosure auctions; property never acquired by lenders, but 'straw buyers’

– Commit actionable wrongs (unfair debt collection, fraud, various torts) that create lawsuits
– Self-dealing foreclosures which certain lawyers themselves obtain foreclosed properties for flipping.
–Foreclosures naming defunct lenders, illegally recorded property deeds, flipping, blighted communities.
– Unconscionably create false deficiency judgments against property owners after straw buyers acquire homes for pennies on the dollar.

– Intentionally false BANKRUPTCY COURT “Motion to Lift” and “Proof of Claim” on behalf of non-existent lenders which conceals fact of “NON-SECURED” mortgage debt.

–Involved in fraudulent collection of property damage insurance, as well as mortgage-default insurance.
–Fraudulent foreclosures abet loss of property taxes to city revenue, rodents, vagrants
– Thousands of families made unlawfully homeless from null foreclosure proceedings.

*MORE info: Request for Congressional Foreclosure Panel to Examine Foreclosure Lawyers
http://www.change.org/petitions/view/request_for_congressional_foreclosure_panel_to_examine_foreclosure_lawyers# "
Barbara Ann Jackson

Note from Crystal L. Cox: As a Real Estate Broker Owner for 11 years Now.. I Say.. the Banks, Lenders, Mortgage Companies, Association of Realtors.. they ALL knew this was happening and the covered them self, they hid assets... filed corrupt bankruptcies and all the while they got Real Estate Consumers into this Mess Deliberately. Fraudulent MLS Data - Not Policed for Quality Control by Anyone... appraisals from this data that were coming way high and the banks new it .. they allowed 10% and it climbed daily.. NAR lied to consumers in Mass Fraudulent Campaigns to promote buying Real Estate NOW and be sure and us a member of the National Association of Realtors and keeps NAR in business as they continue to lobby to make those loans easier for you to get ... NAR is the TOP of the FOOD Chain in the Foreclosure Fraud Crisis...

Sue NAR in mass Class Action Lawsuits, file Criminal Charges... NAR violates Anti-Trust Laws daily and they are too rich and powerful to be Stopped.. NAR made it easy for these foreclosures.. and when the proverbial SHIT hit the fan.. NAR lobbied for buyers credits and whatever it took to KEEP you buying..

Even though NAR's Chief Economist Lied to you the whole time the Market was Falling.. NO accountability. Time to Break Down the Banks, Time to HOLD Foreclosure and Bankruptcy Attorneys Accountable for their actions and to expose what really happened in the Secondary Mortgage Market.. as so many lost so much and were Flat OUT lied to and have not Recourse..

Enough is ENOUGH

Crystal L. Cox

www.RealEstateIndustryWhistleblower.com

www.RealtorSucks.com

Also Check Out

www.BankruptcyCorruption.com

Foreclosure Lawyer Fraud, Collusion, Conspiracy and Flat Out Fraud Against the Real Estate Consumer

2010-12-03T22:32:00.000-08:00

"Request for Congressional Foreclosure Panel to Examine Foreclosure Lawyers

http://www.change.org/petitions/view/request_for_congressional_foreclosure_panel_to_examine_foreclosure_lawyers#

"Although increasing numbers of courts are continuing to reject improper and fraudulent foreclosures, the Congressional Foreclosure Panel examination of mortgage services and foreclosure practices did not include foreclosure lawyers.

Lawyers are officers of the court; knowledge of applicable laws and civil procedure is not required from mortgage lenders. In states that require judicial foreclosures, lawyers are the ones who file lawsuits to seize and sell property; and lawyers are responsible for filing and recording foreclosure property deeds.

An investigation could prove helpful to sorting out whether improper and illegal foreclosure proceedings are linked to any self-dealing conduct disadvantaging lenders, investors, homeowners, and city governments.

Inadequate or questionable foreclosure can lead to useless property deeds that impede real estate sales. Increasing numbers of title insurance companies are refusing to cover foreclosed properties; and certain mortgage default claims, are being denied because of defective foreclosure proceedings. . ."

Request for fraudulent foreclosure investigationhttp://www.change.org/petitions/view/request_for_congressional_foreclosure_panel_to_examine_foreclosure_lawyers#

Thanks so much for the help!

Barbara Ann Jackson

Law & Grace, Inc"

Posted here by
Crystal L. Cox

Real Estate Industry Whistleblower

Crystal@CrystalCox.com

Michael Workman - Mike Workman C21 Eureka Montana Real Estate, Fraud, Real Estate Corruption.

2010-09-26T19:44:00.000-07:00

Got a Tip or a Story on Michael Workman - Mike Workman C21 Eureka Montana Real Estate Corruption or Michael Workman - Mike Workman Century 21 Eureka MT Real Estate Fraud?

How has Michael Workman - Mike Workman C21 Eureka Montana Real Estate Broker Ruined your Life, Lied to You, Failed to Disclose to YOU?

Email me your Michael Workman, Broker Owner - Mike Workman C21 Eureka Montana Real Estate Story to me Crystal@CrystalCox.com

Pompano Beach Community - Florida Corruption - Pompano Beach CRA - Mayor Lamar Fisher

2010-04-23T00:31:00.001-07:00

"" POMPANO BEACH COMMUNITY REDEVELOPMENT AGENCY GOES UNCHECKED
AS FLORIDA GOVERNMENT OVERSIGHT HIDES AND PROTECTS LAND GRAB RACKETEERING AND GOVERNMENT MALFEASANCE IN THE SUNSHINE STATE

Pompano Beach, FL, April 13, 2010 – The Pompano Beach Community Redevelopment Agency in Broward County, Florida stole prime property from private residents, businesses and churches in the city for private profit even though it didn’t have the power of eminent domain to take properties.

A five year-old eminent domain taking case of Pompano Beach CRA v Gil Eriksen Properties
LLC is coming to a head as complicity in all the attempts to bury and hide the fact that the takings were illegal are being exposed.

SCANDALS
✦ The Pompano Beach Commission was not authorized by Broward County to create a separate legal entity (the Community Redevelopment Agency) nor give it the power of eminent domain to take properties. This illegally created CRA without the power of eminent domain has taken private properties illegally for over a decade, and is still doing it.

• In Pompano Beach CRA v. Derriek Phillips, et al.; Case No. 06-03741 (18), & Pompano Beach CRA v. Phillips No. 4D07-2865 & 2866 the Pompano Beach CRA was found to have been created illegally and have no authority to eminent domain properties in the Circuit Court and District Court of Appeal.

• The 2007 article “Redevelopment Agency Can’t Seize Business, Judge Rules” by Elgin Jones in the Broward Times begins the revealing of the illegality of the Pompano Beach Community Redevelopment Agency.

• The current and 5 year long case of Pompano Beach Community Redevelopment Agency (CRA) v. Gil Eriksen Properties LLC; Case No. 06-004169 (21) & Gil Eriksen Properties LLC v. Pompano Beach Community Redevelopment Agency Case No. 4D08-247 involves prime private property taken in 2006 for private development by the CRA that did not have authority to take property.

✦ The Pompano Beach Community Redevelopment Agency and the Pompano Beach Commission have always been made up of the exact same members. Since the members of both entities are the same, it is questioned why another agency was necessary, and contended that it was created to be used as a shill to abscond with property for private gain. The CRA members have a less than stellar reputation.

• Current Pompano Beach Mayor, and longtime commissioner and CRA member, Lamar Fisher is the President and CEO of Fisher Auction Co. specializing in auctions of yes, real estate and “government surplus.”

He has already been penalized for Florida ethics violations in 2007 by doing city business as Mayor with his own Fisher Auction Company.

Now Lamar Fisher while at the same time Mayor, is currently auctioning foreclosures in Florida for the profit of his nationwide company and huge lenders.

In January of this 2010, Lamar’s Auction Company profited from the ponzi scheme of Floridians as his company received 10% of proceeds from auctioning off former Fort Lauderdale attorney and $1.2 billion dollar Ponzi schemer, Scott Rothstein’s office effects.

• E. Pat Larkins, the longtime Pompano Beach mayor, vice-mayor, commissioner and CRA member, now deceased, was President and Partner of Malar Construction Inc, as well as creator of the Broward County Minority Builders Coalition Inc (BCBC) and longtime advocator of property takings for building purposes.

He told private citizens like Jimmy Star of The World of Jimmy Star Grand Castle Showrooms and Entertainment Complex in Pompano Beach, “I want your property and I’m going to get it.” His namesake community center currently sits on land taken by the illegal CRA during his membership.

• Current Mayor Lamar Fisher, Vice-Mayor George Brummer, and past Commissioners Kay McGinn and Susan Foster were all found to have violated the Florida’s Government in the Sunshine Law (or Open Meetings Law) for meeting in private in 2005 with then Sheriff Ken Jenne (who would later be sentenced to a year in prison on federal corruption charges)
before a vote to extend the city’s contract with Jenne’s office.

• Commissioners Rex Hardin and Barry Dockswell have historically accepted campaign contributions from real estate interests to get their seats. In 2008 the Sun-Sentinel reported Rex Hardin said he didn’t see a conflict with accepting a contribution by someone whose project is being reviewed by the city.

• Although demands from the Pompano Beach public starting in 2008 have been made for the Pompano Beach Commissioners to agree to an ethics code, no code has been passed, with E. Pat Larkins calling it “ridiculous nonsense” in the Pompano Pelican and George Brummer starting a counter amendment that any citizen who made a complaint that was found to be false must pay for the city’s expenses, which was passed.

• Currently the Mayor and entire commission have unanimously voted for a resolution to oppose an amendment that will be on the November 2010 ballot that ensures that if a city wants to revise a land use plan, ordinary citizens will get to vote on the changes.

• At the end of the 2009 fiscal year, financial statements show the Pompano Beach Community Redevelopment Agency has $41 million dollars, including $24 million in cash on hand.

✦ The Pompano Beach Community Redevelopment Agency also hired and uses The Urban Group private property acquisition firm to stage illegal takings of private property for the CRA.

• Headed up by President and Managing Director Howard W. Steinholz, The Urban Group representatives use a variety of tactics to confuse property owners, including but not limited to visiting private property unannounced, posing as government officials to enter private property, not identifying themselves, identifying the Urban Group as an independent non-biased
consulting company and/or mediation firm, and posing as an advocate for and representative of property owners against the CRA.

• The Urban Group representatives promise property owners they will receive payment of business damages, moving expenses, and to purchase a comparable property and relocate owners as standard procedure so the owners face no hardship.

• The Urban Group makes pre-suit notifications and false offers to private property owners, saying they better sell their property or they will be sued under powers of eminent domain, then ignores responsive correspondence from property owners as eminent domain actions have already been filed. ""

Full Document and Source Click Here

Posted here by
Investigative Blogger
Crystal L. Cox

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.

2010-04-04T16:14:00.000-07:00

July 24, 2009, Mark Neuman Summit 1031 Principle
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

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

2010-04-04T12:48:00.000-07:00

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

The FBI is Not Here to Help - The DOJ is looking the other way - the Judge appointed the Criminal - and you have No Hope of Transparency, Justice...

2010-03-19T11:38:00.000-07:00

Oregon Bankruptcy Whistleblower - Oregon Bankruptcy Court

Just as local banks tell you that if the "Scheme" is not over $250,000 they can get no help. So what are Judges, Law Enforcement and County Attorneys Doing? Well they are busy cover up there own schemes, creating secret money revenues, letting criminals go and prosecuting Victims. If the FBI truly cannot help any of us On Death Threats, on Money Laundering Tips, Mortgage Fraud Tips, and can't help with high finance then what is the Use of the FBI.

If in High Profile Bankruptcy cases the FBI is out of the Loop and don't even know the Bankruptcy Laws ... seemingly leaving that up to the corrupt lawyers.. well then no wonder the laws are above the law, they are the only ones who know the laws... so they take, make, STEAL millions to billions of Creditors money in US Bankruptcy courts and the DOJ is involved somehow as they look the other way, the FBI knows nothing of what is really going on and just wants to indict the Company that went Bankrupt. So who is left to fix this mess, certainly not the attorney general, not the governor... they brag about transparency and open government but yet they do NOTHING to actually promote that.. it is simply to make the public feel better..

The attorneys run the country and they have free reign to do as they please... well the Attorneys that are in the Attorney Fraternity that is.

So who is watching over the Bankruptcy Courts .. NO One.. only you the People, and most of you are so scared of the Set Ups that attorneys use local law to do, or if your a creditor your afraid to speak - afraid they will control your assets and you get none.. if your the one who went bankrupt well your to afraid to speak because here comest the indictment, the jail time... and NO One Speaks up on the Fraud and Corruption in the Bankruptcy Courts... if a Bankruptcy Whistleblower, such as Stephanie DeYoung dares to speak up, the Attorney sets them up, harasses them, gets them in court for trivial things.. sues them.. and ALL the while the Attorney, Kevin Padrick, in Charge of everyone's fate - appointed by a Bankruptcy Judge, (Judge Dunn) has perjured himself and that is of no use to anyone .. the only point is to push and press criminal charges against the Whistleblower who is Protected by State and Federal Laws as an industry insider telling the TRUTH about the inside of a US Bankruptcy Proceeding..

the Lawyers, like Tonkon Torp and Obsidian Finance, well they have been running this seemingly legal scheme for years and there was no end in site... however the more of you Speak up and tell the Truth about the Rampant Corruption in the US bankruptcy courts, the more of you that have blog like Stephanie DeYoung's Bankruptcy Whistleblower Blog - from the insiders point of view - the more the Criminals in the Bankruptcy Courts will have to Obey the Law... for now .. no one is able to hold the Bankruptcy Trustee, the DOJ, the attorneys... no one is held Accountable .. Transparency is NOT only Frowned upon but DEMANDED you do not participate in Transparency, Kevin Padrick Obsidian Finance won't even let you take notes in meeting with him... he has that much to hide... and NO One To make him accountable to the LAWS.. the FBI - the DOJ - they don't care so who else is there... NO One Really..

If you try and Bring Transparency to a Bankruptcy Case then the Corrupt Oregon Attorneys, will use local District Court Corruption and local law enforcement to bully you, harass you, violate your civil rights, set you up, jail you and KEEP YOU DOWN...

Time to Sue the Bend District Court for Civil Rights Violations, Sue the DOJ for allowing this Civil and Human Rights attack... and Wake up the TRUTH in the US Bankruptcy Courts...

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

Lehman’s Hidden Leverage ‘Shenanigans’ May Haunt Fuld - Proskauer Rose - Lehman Brothers

2010-03-17T20:40:00.000-07:00

"" By Joshua Gallu and David Scheer

March 13 (Bloomberg) -- Lehman Brothers Holdings Inc.’s Richard Fuld exuded confidence as he briefed analysts on June 16, 2008, four days after demoting his firm’s finance chief in the wake of a $2.8 billion quarterly loss.

“I am the one who ultimately signs off and I’m comfortable with our valuations at the end of our second quarter,” then- Chief Executive Officer Fuld said on the conference call. “We have always had a rigorous internal process.”

The rigor was based on a shaky foundation, according to a 2,200-page report about the firm’s demise by Anton Valukas, the examiner for the bankrupt firm. Lehman Brothers “reverse- engineered” a key measure of stability, masking the firm’s true financial condition, Valukas said. Some asset valuations were also “unreasonable,” he said.

Keen to show that it had reduced leverage, a gauge of a company’s ability to withstand losses, Chief Financial Officer Ian Lowitt said on the June 16 call that the firm had shrunk its net leverage ratio to 12 times from 15.4 in the second quarter.

It accomplished the feat by reducing net assets by $70 billion, said Lowitt, who had just replaced Erin Callan in his post. “We’re going to operate conservatively,” he said.

Unbeknownst to shareholders, the firm was hiding $50 billion in assets through off-balance-sheet transactions known as Repo 105s that temporarily removed holdings until days after the quarter closed, according to Valukas. In the first quarter, the firm had used the same strategy to hide $49 billion in assets, he said in the report.

‘Shenanigans’

Lehman Brothers actions amounted to no more than “shenanigans,” said Sanford C. Bernstein & Co. analyst Brad Hintz, a former Lehman chief financial officer. “If all you’re doing is hiding something behind the curtain, the financial strength isn’t there.”

The repos helped prop up Lehman’s credit rating, Valukas said. The off-balance dealings required more collateral than if Lehman had opted for ordinary transactions visible to shareholders, he said.

“Repos were just one of many ways to hide losses,” said Janet Tavakoli, president of Chicago-based financial consulting firm Tavakoli Structured Finance Inc. “All of the former investment banks used those techniques. All of them borrowed too much money and were overleveraged.”

Lehman Brothers bolstered capital by raising about $12 billion from investors during the first half of 2008, a time when Valukas said the New York-based firm’s financial statements were misleading.

‘Grossly Negligent’

Investors included Blackrock Inc., the largest publicly traded fund manager in the U.S., a venture run by former American International Group Inc. CEO Maurice “Hank” Greenberg, and New Jersey government retirees.

Fuld, 63, was “at least grossly negligent in causing Lehman Brothers to file misleading periodic reports,” Valukas said.

Fuld’s lawyer, Patricia Hynes, disputed the examiner’s conclusions.

“Mr. Fuld did not know what those transactions were -- he didn’t structure or negotiate them, nor was he aware of their accounting treatment,” Hynes said in a statement. She also said none of Lehman’s senior financial officers, lawyers or outside auditors raised concern about the transactions with Fuld.

Robert Cleary, a lawyer for Callan at Proskauer Rose, didn’t return a call seeking comment. Callan, 44, who left Lehman in July 2008 to join Credit Suisse Group AG, stepped down from the Swiss bank Dec. 31, spokesman Duncan King said.

Real Estate Overvalued

Lewis Liman, a lawyer for Lowitt, 46, said in an e-mail that his client did nothing wrong. Lowitt is now chief operating officer at Barclays Wealth Americas, whose parent, Barclays Plc, bought Lehman’s North American brokerage for $1.54 billion.

In its final year, Lehman overvalued real-estate holdings, including a stake in U.S. apartment developer Archstone-Smith Trust, Valukas said. Lehman and Tishman Speyer Properties LP completed a joint acquisition of Archstone for $22 billion, including debt, in October 2007.

Lehman presented “unreasonable” valuations of its Archstone stake in the first three quarters of 2008, overvaluing the holding by as much as $450 million in the second quarter, the examiner wrote.

The bankruptcy case is In re Lehman Brothers Holdings Inc., 08-13555, U.S. Bankruptcy Court, Southern District of New York (Manhattan).

--With assistance from Erik Schatzker and Christine Harper in New York. Editors: Alec McCabe, Dan Reichl.

To contact the reporters on this story: Joshua Gallu in Washington at jgallu@bloomberg.net; David Scheer in New York at dscheer@bloomberg.net. ""

Source of Post
http://www.businessweek.com/news/2010-03-13/lehman-brothers-shenanigans-on-hidden-leverage-may-haunt-fuld.html

Lehman Brothers and Proskauer Rose Connections

More on Lehman Brothers Hidden Assets and Lehman Brothers - Neuberber Berman go to www.RandallWhitestone.com and for More on the Shenanigans of Proskauer Rose LLP go to www.ProskauerSucks.com .

Tell the Truth, the Whole Truth, and Nothing But the Truth so Help me God. Stephanie DeYoung - Bankruptcy Whistleblower.

2010-02-24T19:58:00.006-08:00

PLEASE READ THROUGH ENTIRE POST -
THE TRUTH YOU ARE LOOKING FOR IS TOWARD THE END.

My name is Stephanie DeYoung. If you want to know more about my involvement in this case, go to my deposition...

http://www.summit1031bkjustice.com/?page_id=2471

Currently, I believe I am the only person who had the priviledge of an all day deposition in front of Tonkon Torp's camera man. Now when I see some of the ridiculous questions I was asked to answer, I still get blown away by their blatant disregard for human rights.

Bankruptcy Corruption

I am the creator of this Summit 1031 Bankruptcy Blog. I am an Industry Insider as an accountant, real estate investor, and an LLC interest holder.

I am also a Whistleblower and an Investigative Blogger.

These new titles were made possible by simply recording and sharing the events that I was a part of with the victims of this bankruptcy proceeding.

http://edlabor.house.gov/newsroom/2009/02/gao-nations-whistleblower-laws.shtml

I have sold this blog to Crystal L. Cox. You may know that she is an Investigative Blogger, Whistleblower and Industry Insider as a real estate broker. She stumbled on my blog and in doing so she has stumbled upon many other cases of Bankruptcy Corruption across our country.

In fact, there are many who have lost everything to this mechanism our government has created as a perfect looting tool. The powers of people like, the attorneys, judges, US Trustees offices, and the politicians keep this highway robbery undercover.

She has asked me to speak the whole truth so here we go...

Below is a story from a person who was a completely unbiased party -

"About the Summit Accomodators- Kevin Padrick Video
http://www.summit1031bkjustice.com/?page_id=254

ABOUT the infamous Padrick meeting video, when I first viewed it I didn't think it all that remarkable. Being ignorant of the facts at the time, I thought Kevin Padrick in this meeting, simply just gave a rundown of what he and his company, Obsidian Finance Group, had been up against in the month previous, and toward the end of the video it appeared that he pitched, with some practiced assurance I thought, how he and his company took pride in cleaning up distressed business situations.

As I began to become aware of the facts and the chronology of events preceding and following this meeting, my perspective changed; I came to see this video in terms of a betrayal as demonstrated by Kevin Padrick's defensive behavior toward the other parties around that table.

I also came to see how this video could be viewed as an embarrassment to the members of Obsidian Finance Group, the attorneys and others working along with Padrick and even the U.S. Bankruptcy Court. The scene viewed from a more informed point of view, whether one is for or against Kevin Padrick, is not pretty. He is, in this performance, much like a house cat spitting up the canary's feathers.

The behavior he resorts to in the video, in regard to the others, is in my estimation, an unnecessary act on his part, but none the less a telling display of the low character he stooped to with his surreptitious behavior toward, what up to that point had been, his employer, Terry Vance, and by extension Summit's Principals who were working their tails off to assist Terry in liquidating assets and wrapping up exchange business.

For me, the most revealing thing about the video was the last thing I learned- that this meeting in Bend was compelled by the Bankruptcy Judge a day earlier in Portland.

The Judge had learned, from a last minute appearance by one of Summit's representatives at a court hearing, that Padrick had not been keeping Summit's owners and the court approved Chief Restructuring Officer (CRO) informed of his actions. Actions that included Padrick's apparently self initiated and unauthorized actions with the creditors.

A little background: the CRO, Terry Vance, was contracted by Summit Shareholder’s (owners) as a part of a “debtor in possession” bankruptcy.

This person, approved by the court, is in charge of all affairs related to Summit’s Chapter 11 bankruptcy, including the contract with the financial consultants, in this case Obsidian Finance Group and Kevin Padrick.

In other words, for all intents and purposes, at this meeting and from the time Padrick and his Obsidian Finance Group had been contracted a month or so earlier, Terry Vance was Kevin Padrick's boss.

Kevin, it turned out, and as shown on the video, was an untrustworthy employee who had some time earlier, perhaps even from day one, made it his job to usurp his boss, disregard his contractual obligations and find his own way within the bankruptcy system, with his knowledge as a former bankruptcy lawyer, to gain the best position he and his company could to take financial advantage of this unfortunate situation.

Simply put, Kevin Padrick and Obsidian Finance were Bankruptcy Profiteering.

The meeting, authorized by Judge Dunn, was to be presented by Padrick to his CRO boss and Summit's owners as a recap of Padrick's (unauthorized) meeting(s) with the creditors, it is important to remember, at that point Padrick, who had been initially contacted by the Summit's owners prior to to the bankruptcy filing, and now managed under contract to the CRO was not in any way beholden to the creditors, other than promises he made them behind his employers back.

In fact by contract, Padrick's and Obsidians role was to assist in liquidating assets, in order for Summit to pay back exchangers/creditors under the Chapter 11 reorganization agreement. His role at the time was not to meet with the creditors, throw his employers under the bus and then back over them again when they complained.

If the person from Summit hadn't of scrambled and jumped a last minute flight over the Cascades to Portland to see what was going on, this unscrupulous employee would have gotten his boss fired and had his unwanted contract made irrelevant (which he succeeded in doing) and the people he screwed wouldn't have heard the backup signal for what it was.

No wonder in the video, one of the first thing heard
from Kevin is his voice crying,"Depose me then."

A comment that took the CRO and Summit's owners
by surprise (they'd merely asked, what's up?),

I don't believe an actual recap of Padrick's meeting with the creditors happened (if he had treated the creditors to the same charm he displays in the video, I doubt Padrick would have gained enough favor to collect gas money for his ride home, let alone be nominated by the creditors for the Trustee position).

It is interesting to note; the only way to compare meetings would be to compare records of both meetings. The closest thing to a record of Padrick's court compelled meeting with the CRO and Summit's owners is the video.

Justice would be served, if by means of discovery in a complaint Padrick lodged with Deschutes County against the video's existence, that a transcript(s) of Padrick's meetings with the creditors in the month prior to this meeting were compelled to be produced- to see by comparison if Padrick was in compliance with the Bankruptcy Court's wishes in providing information on what he presented to the exchanger/creditors.

At the time of the meeting neither any representative, nor the CRO, nor any of Summit's owners were, as far they knew, in an adversarial relationship with Padrick.

They were, as shown in the video, clearly a bit mystified by the lack of communication to accorded to them on Padrick's part. To their knowledge, he and his company were supposedly working on Summit's behalf to assist in liquidating Summit's assets- nothing more.

The video was made as far as the CRO and Summit's owners and their representatives knew, as much to record their comments in regard to each other's relationship to working toward liquidation of real estate assets and full payment to the creditors, as it was to pin down Padrick to what he had been doing the past month in behalf of this endeavor.

The CRO and the owners were at this time, in their minds, still all working with each other toward this end- including Padrick under the CRO's charge- all the parties, as evidenced by the video, were still on the same team. In other words, no body by making this video was implicitly trying to trap nobody.

It was Padrick's defensive demeanor during that meeting that first gave an indication to the CRO and Summit's owners of his newly revealed disposition as not being in concert with their plans to execute this bankruptcy and pay off the creditors.

Later, when the totality of Padrick's subterfuge and ultimate ambition toward gaining the lucrative Trustee position was revealed to the CRO and Summit's owners, then was the negative impact of his behavior to them understood.

They felt (and still do) that Padrick purposely crashed this business, a business that with his cooperation could have been crash landed instead.

A scenario where all exchanger/creditors would have been paid already.

It was, in retrospect, a few weeks after this meeting, that an animosity toward Padrick did arise. Where upon the video, made of that critical meeting, was reviewed in a completely different light.

From my vantage point, absent the eventual revelation of facts in this story, the video could just as well have been made into a marketing tool for Padrick and Obsidian Finance.

To an initiate of this story, like I once was, where Kevin allows himself to speak, the words sound convincing; as one puts the pieces together over time, a discovery is made; those sentiments are constructed on a ruse, his premises are fabricated to support an argument he doesn't and perhaps can't really believe in, and from the actions he has taken since in regard to ridiculously accusing Umpqua Bank for improprieties in its business dealings with Summit, one has to suppose that he was not completely honest with the creditors in their meetings either.

The facts and the truth they represent, is for Padrick in his unscrupulous ascendancy to the role of Trustee in this case, a big problem. Discovering these facts with a need to reconstruct the truth, for the rest of us, is what makes this video so important to this story."

Frank Israel

In the other bankruptcy corruption cases, the money was all gone by the time anyone had evidence to prove the looting had occurred.

As a CPA, I find it absurd that this bankruptcy system has absolutely no accountability built into it. They simply name a trustee and give him or her all the power to loot for many years and tell the creditors and the debtors that it is in everyones best interests' to give up transparency and accountability so that the court can make this move quickly so the creditors get paid back.

You are probably assumming that I just have some sort of vendetta. Well I don't.

I just don't like it when someone says they are working in the best interests' of the creditors, but their actions show otherwise. Pretty simple right!

You promise to take care of my creditors, then your actions should support this. Don't you all feel deceived when someone says they are going to help you and then they kill you?

It goes a step further, they don't service their clients in an accountable fashion. When you listen to the audio, look to yourself and see what you see. What if you were the 200 exchangers that have NO VOICE?

What if you were the debtors who were looking for help to pay creditors back and instead got Kevin Padrick? This is a problem that is much much bigger than this little story here.

There are many United States Citizens who are suffering from the aftermath of these asset rich bankruptcies. That is the Bigger Issue.

For our Nation to ignore this we are lying to ourselves about the ability for our Government to protect our money and our rights. I think it is more focused on their inability to protect our money and our rights.

How many creditors have even been contacted by Obsidian or Kevin Padrick?

How much information have you been given on this case?

In The 1031 Tax Group, LLC bankruptcy case, the Trustee sends out newsletters and lots of other information to this bankruptcy estate's creditors...

See for yourself and go to
http://trustee1031taxgroup.com/

Why doesn't the Summit 1031 bankruptcy trustee have to do the same?

Why aren't they required to be this transparent?

Why are the creditors sitting out there with relatively NO INFORMATION?

In fact, this Summit Blog, www.Summit1031BkJustices.com has more information than any given by Kevin Padrick to date.

Then we have Andrew Moore of the Bend Bulletin writing very heavily weighted articles in Kevin Padrick's favor. Wonder why?

Andrew Moore points out loans being made (this information coming straight from Kevin Padrick). Andrew Moore doesn't write that these loans have been paid off....Oh and the estate got approx 800K from the sale of his highland house.

BUT THANKS Andrew Moore for mentioning the Summit 1031 Blog...117 pages were pulled on Valentine's day. Record for a Sunday!

In a letter by Neuman written either late August or early September 2009 posted at http://www.summit1031bkjustice.com/ — a Web site operated by Neuman's daughter, Stephanie Studebaker-DeYoung — Neuman wrote that “I'm truly sorry for the pain it has caused all of the exchangers. I can only sincerely hope and pray that the assets we provided and any other monies available will result in the exchangers being made whole.”

I have to give you credit Andrew Moore for ending the article with the TRUTH...

"Bend resident Jack Robson, a creditor who initially lost roughly $50,000, says he thinks the return would be greater if there weren't so many attorneys involved. But he's not upset with Summit, he said."

“At the end of day, some people have lost a good portion of their retirement, and that sucks, but there is no malice involved in my experience,” Robson said. “They made poor decisions, and certainly who would have thought this would have been a possible outcome?”"

A ton has happened since my last post which I will share with you now. However, I think we need to first pay attention to the timeline and sequence of events...

1/1/08 - Summit 1031 held approximately $100 Million in exchanger funds. Of this $100 Million, approximately $73 Million was in Cash and $27 Million was in the form of Short-Term loans to various LLC's holding real property.

These LLC's had many investors (106 to be exact). Andrew Moore from the Bend Bulletin repeately says they had 100 or so LLC's. Well you would think an investigative reporter would get the real numbers right? Can't blame poor Andrew, he is influenced by the power and money of Kevin Padrick, so he reports what Kevin Padrick wants the people to hear.

There were only 30 or so LLCs holding real property that Summit Principals had an interest in. The other LLC's they keep referring to were set up to do reverse exchanges.

The Summit Principals had ownership interest in these LLC's only as Qualified Intermediaries. Meaning these LLCs held exchanger properties only. A separate LLC is set up for each reverse exchange.

So we are really only talking about 30 LLC's. All these LLCs had multiple members. The LLC's were liable for the short-term loans from Inland and understood there were responsible for interest and payoffs. Many of the loans Andrew Moore Mentioned in his most recent reporting were all paid back with interest.

Why doesn't Mr. Andrew Moore report this? Well Kevin Padrick wants the public to think these monies went out and never came back in...then you will stay mad at the Summit Principals.

DID YOU KNOW KEVIN PADRICK WAS,
EFFECTIVELY, HIRED BY SUMMIT PRINCIPALS
PRIOR TO SUMMITS FILING
CHAPTER 11 BANKRUPTCY
ON 12/18/08?????

Around 12/7/08 - Kevin Padrick meets with Summit Principals - Well yes they did.

You see Kevin Padrick met with the Summit principals in early December 2008. By talking with the Summit Principals about this meeting, it looks like Kevin was more than willing to help them with their liquidity crisis.

Kevin Padrick said his company, Obsidian Finance Group, LLC, was the best at helping save distressed businesses like Summit Accommodators, Inc. Good news right?

Kevin Padrick said he had partners with DEEP POCKETS who would help fund the short-term liquidity issues. At this meeting, Summit Principals explained the business of short-term lending, told Kevin Padrick about the properties they were willing to hand over and about the $14 Million of cash that was in the Summit bank account. At no time during this meeting did Kevin Padrick even mention the words fraud, ponzi scheme, embezzlement, or illegal.

After this meeting with Kevin Padrick, the Summit Principals approached Summit 1031's bankrupcty attorneys, Sussman Shank, with the posibility of contracting with Obsidian Finance since they seem to be the best has helping distressed businesses.

Sussman Shank agreed that it would be a good idea to contract with Kevin Padrick and his company. However, the contract should be signed after a Chief Restructuring Officer is put into place (after they filed bankrupcty)

12/18/08 Summit 1031 filed for Chapter 11 bankruptcy - DIP "debtor in possession" reorganization. In this type of bankruptcy a Chief Restructuring Officer is named and he is the "acting boss" of the reorganization to payback the exchangers.

It wasn't until the bankruptcy was filed and Terry Vance was named CRO, that the official contract to hire Obsidian Finance Group, LLC was signed by Terry Vance and Kevin Padrick.

"Click Here to See Contract Between Obsidian Finance Group & Summit 1031"

The Summit Principals chose a Chapter 11 Bankruptcy because they thought this was they way their creditors would get paid back quickly according to their attorneys and according to the financial consultants at Obsidian Finance Group.

12/19/08 - end of December 2008 - Summit Principals gathered all the information and willingly gave it to there supposed saviors, Obsidian Finance Group. Ewan Rose, said thanks, we will get you our proposal within the week. No proposal was ever delivered.

Early February - Kevin Padrick makes a presentation to the Creditors' Committee. What? Thought they were supposed to be getting the proposal to the debtors NOT the creditors??? Jeez this stuff is so confusing.

2/11/09 - Summit 1031 Bankruptcy Hearing where Creditors' Committee is pushing to replace Terry Vance as CRO with Kevin Padrick as CRO. Lucky for Kevin Padrick, at this hearing Judge Randall Dunn 's idea to resolve the matter at hand is to appoint a liquidating trustee.

It wasn't until yesterday that I received the legal document from The 1031 Tax Group, LLC case that says, "The appointment of a chapter 11 trustee is an extraordinary measure". After going back and listening to the audio from this hearing, it seems to me that this appointment of a chapter 11 trustee was originally presented by Judge Randall Dunn.

DON'T Miss Clicking Here for the Audio - Click Here for Judge Randall Dunn Abruptly decides to Appoint a Trustee

Kevin Padrick has stated in his declaration under penalty and perjury that Doc 551 "8. Ms Studebaker-DeYoung has also posted on her website what appears to be an audio recording that she made during an official court hearing proceeding, in violation of Court local rules"

"Click here to find out directly from the US Clerks office that I did properly order this audio"

From Transcript:

"Judge Dunn - Let's talk about the joint motion of the debtor and the official committe of unsecured creditors to substitute Obsidian Finance Group LLC for Mr. Vance as Chief Restructuring Officer and I have a limited objection from the US Trustee, requesting some additional time to see if this is the proper road or whether I ought to be appointing a chapter 11 trustee and I have a middle ground suggestion for the parties consideration and we may not get there today...WHY DON'T WE APPOINT OBSIDIAN AS TRUSTEE????

Ms. Vivienne Popperl (attorney for US Trustee) - Sorry your honor but that is a decision for our office to make.

Judge Dunn - I understand that so I am throwing it out as something that you should consider.
Ms. Vivienne Popperl - We will certainly consider that, but at this time we're very concerned about who is really directing this case. At the moment it appears to be the professionals.

Judge Dunn - It doesn't appear that way, there's no question the professionals are directing this case. There's no one else in the driver's seat.

Ms. Vivienne Popperl - Which is why we need a trustee and that is why we request a little extra time to get a motion and appropriate memorandum before the Court and we certainly will consider Obsidian, but we will consider other canidates as well.

Judge Dunn - Well, well, that's fine, but I'm not sure I need additional memorandum. I think that needs to be discussed with debtor's counsel and Obsidian and the committee and see where we come out. I understand why you would move for appointment under section is it 1112, whatever section and I'll ??? with that. But I think the parties should talk and do what makes sense here, but certainly if the creditors' committee has evaluated Obsidian's work to date and their potential for future work...that's going to weigh strongly in the Courts consideration in terms of the interests' of creditors and I do agree that we need someone clearly in control of the ship of state?? that is functioning in effect as a trustee would so in the absence of further direction I really would like to see Obsidian named as chapter 11 trustee, but I leave that for the parties to argue out.

Ms. Vivienne Popperl - Well then would the Court entertain an oral motion directing the US Trustee to appoint a chapter 11 trustee or do we need to file a written motion?

Judge Dunn - Well I want to here from the parties and their respective positions on that, but I don't want to trample on the US Trustee's office perogatives either so if you would be offended by such an order based on an oral motion, I'm not going to do it, but I just am suggesting that it makes sense to consider it. Mr. Padrick's here...Is Obsidian oppossed to serving in the position officially as chapter 11 trustee.

Kevin Padrick - No Your Honor subject to the parties desires.

Judge Dunn - Right so that's something I want the parties to talk about and consider because frankly at least my review of the situation with respect to the case as to what's going on...having Obsidian functioning officially in the position of chapter 11 trustee solves a multitude of problems, but what do I know?"

Steve Hedburg (Lead Attorney at Perkins Coie and worked under Kevin Padrick at Miller Nash back in the day) - Steve Hedberg seems up to help out with the appointment of Obsdian no matter what other's concerns are due to the vote on the creditor's committee. This committee is only made up of about 5% of the creditors. Did the group of creditors understand the ramifications of converting to a liquidating trust? Steve Hedberg rambles on about how creditors are voting for Obsidian no matter what guidelines are followed Obsdian will be trustee.

I can't even spend the energy typing the rest of this now. BUT I did run into another interesting tidbit of discussion between Ms Vivienne Popperl and Judge Dunn...

Cont. Transcript...

"Ms Vivienne Popperl - Your Honor I’d just like to bring to the courts attention that the Court had been granted an oral motion. I want to make sure that the Court feels comfortable having done it with no notice because 1104(a) does say that a request of a party in interest or the United States trustee, and after notice and a hearing, the court shall appoint a trustee - WELL THAT DIDN'T HAPPEN NOW Did it?

They act as if they are following the procedures, but they willy nilly throw them out the door when they don't fit their agenda. Is this whate they mean by Highest Fiduciary Duty.

DON'T Miss Clicking Here for the Audio - Click Here for Judge Randall Dunn Abruptly decides to Appoint a Trustee

Here Ms. Vivienne Popperal is referring to Title 11 U.S.C US Bankrupcty Code Section 1014 (a)

§ 1104. Appointment of trustee or examiner

(a) At any time after the commencement of the case but before confirmation of a plan, on request of a party in interest or the United States trustee, and after notice and a hearing, the court shall order the appointment of a trustee—

(1) for cause, including fraud, dishonesty, incompetence, or gross mismanagement of the affairs of the debtor by current management, either before or after the commencement of the case, or similar cause, but not including the number of holders of securities of the debtor or the amount of assets or liabilities of the debtor; (didn't apply to Summit, unless they are talking about Sussman Shank and Obsidian Finance??)

(2) if such appointment is in the interests of creditors, any equity security holders, and other interests of the estate, without regard to the number of holders of securities of the debtor or the amount of assets or liabilities of the debtor; or (this is very arguable)

(3) if grounds exist to convert or dismiss the case under section 1112, but the court determines that the appointment of a trustee or an examiner is in the best interests of creditors and the estate. (doesn't look like it applies to Summit)

Please See Attached. It also says "The appointment of a chapter 11 trustee is an extraordinary measure" and the it "should be the exception, rather than the rule". "The decision to appoint a chapter 11 trustee is a factual determination entrusted to the discretion of the bankruptcy judge".

I bet the US Department of Justice knows
this proceeding did not follow the legal procedures.

After listening to this circle of players go on and on about replacing the Chief Restructuring Officer, Terry Vance, with Obsidian as Trustee. Seems everyone is in agreement right? Only Brian Steven's attorney, Foraker seems to be mind boggled by the happenstance of this hearing.

Who was representing the Debtor? Who was representing the 200 creditors?

They decided this in a matter of moments and they seemed to all really like the idea. Why follow any procedures? Who cares about who is doing the job? Who cares about anybody? Seems like they are havin a good time entertaining themselves with how do you get Obsidian in Control of the Estate and the Assets???? For my common sense brain this is So Confusing.

In Sharon Steel Corp "the standard gives the.... court discretion to appoint a trustee when doing so would serve the parties' and estate's interests". In Ionosphere Clubs, Inc. the standard for appointment of a trustee should be...... "facilitation of a reorganizatoin that will benefit both the creditors and the debtors".

Courts have considered several factors including "the benefits derived by the appointment of a trustee, balanced against the cost of appointment".

It seems to me this was a rather rash decision and it was happening no matter what happened at this hearing. What are your thoughts?

Did you think that was it??? No there is more...

As you can hear for yourselves, the Judge says we can have this presentation...

I worked out the schedule with Kevin Padrick & the Summit Principals to hold the Presentation at the Summit Bend Office at 10:00AM on 2/12/09. Kevin Padrick was an hour late to the presentation. There was much discussed about the bankruptcy proceedings during this hour of waiting amoungs some other fun chatter. I forgot I had the camera on the webcam for the duration of Kevin Padrick's tardiness.

There is no way I could have scripted the discussions and events that occurred. I like that it is an accurate representation of what what going on at that point in time and how there was a HUGE disconnect between what Terry Vance and the Summit Principals knew and what the Portland courtroom was basing motions and orders on.

Why weren't Terry Vance and Summit Principals able to have their own say about appointing a Chapter 11 Trustee. Susan Ford did not represent Terry Vance, she just spoke for him.

Also why is there not a conflict of interests for the Debtor's Attorney, Sussman Shank, to serve as counsel for the Liquidating Trustee, Kevin Padrick??? Seems a slight conflict, but what do I know.

The Hearing was on 02/11/09.
We had the presentation on 02/12/09.

The night of 2/11/09 I researched on the internet about this type of situation where I ran across the recording of court authorized meetings that were semi-public (Since Judge Dunn said all interested Parties would be interested in this presentation and from this, I believed I was able to come that it was a semi-public meeting. You can record a semi-public meeting if the camera equipment was not concealed. I did not conceal the camera equipment.

Kevin Padrick reported by so-called "illegal recording" to the Bend Police department in July 2009, just after he noticed it was on the Summit Blog. After some investigation and checking with my attorney we found out the investigation was going nowhere.

On January 5, 2010 I received notice that I was being charged with 2 misdemeanors of "illegal communication" related to the recording and the divulging of this recording.

Besides the fact that the investigation is stale, there are a few issues that seem fishy regarding why the DA incorrectly filed this claim.

A. The officer thought I told him, in July 2009, that I set up the recording computer in the "middle of the conference table". The officer apparantly next, thinks he found an inconsistency because he said it was readily apparrent that I set up the device on the "back counter behind the Summit Principals."

I think the officer erred twice here.

1. The device was facing Obsidian (the three people who are complaining (Kevin Padrick, Ewan Rose, & Ryan Norwood) - thus it was unconcealed, even by the officer's standard.

2. The officer did not follow me (comprehend me (understand the importance of what I was saying)) when he interviewed me 4 months after the recording, in that he did not correctly quote me where I told him how the computer was set up. My own package of evidence should have jogged his memory.

B. Padrick, Rose, and Norwood were the only individuals interviewed by the officer besides me.

It seems that an unbiased officer (or rather an officer that was not being harangued by some powerful attorneys) would have interviewed Terry Vance and the other people who saw where I set up the computer.

It looks like the first Deschutes County Deputy, likely contacted by Obsidian Finance, probably closed his investigation without criminal finding against me. Obsidian next pushed the Bend Police officer to follow up over 5 months after Padrick's initial complaint.

Next, the officer passed the buck (not a common practice) to the District Attorney's office without a citing or closing the case.

Next, because the District Attorney's office (who also probably initially declined the case) to follow up. In other words, in all likelihood, at every step of the process, Obsidian had to resurrect the case, that otherwise would have remained close, by pressing things.

Don't pass up clicking the links below
they tell the rest of the story.

Part 1
http://www.megavideo.com/?v=F6Y3A7FZ

Part 2
http://www.megavideo.com/?v=QN1DNBUL

Transcription

Part one:

Tim: The big thing is that you get the sound not so much the picture.

Stephanie: Ok, and so is it.

Brian: Is Kevin not coming here?

Tim: No, he’s coming here.

Stephanie: He’s just running late.

Tim: Ewan and Ryan are here already.

Stephanie: Here. Jan. Jan.

Stephanie gives the camera to Jan.

Brian: My attorney, two days ago, said it is a done deal. Obsidian is going to be - and start working on a relationship here. I was like; I mean what a change yesterday.

Tim: They made that change.

Mark: Well, I kind of got a little bit of the same thing…yah know. I just said, I am not in favor of these guys, I don’t trust them. I don’t trust them a bit. They are expensive as hell. They haven’t shown us one thing and he’s (Bankruptcy Attorney) kind of giving me the, “O.K, well I could say that”, yah know, “Are you sure you want me to say that?” (Mark to the attorney). You guys are screwing us anyway on everything, so whatever.

Stephanie: But the main thing is that the Judge can decide, right? So he (Judge Dunn) has the ear of the committee right now and the committee wants these guys (Obsidian), so unless there’s some good reason why…

Tim: Yeah, and we just need to be very objective in our analysis of it and...

Stephanie: Yes, we can’t be. Yah know…it’s just gotta be…here’s the deal and look at this in the business way of why it will not work or why it would work.

Mark: I think unless they got something…I don’t know what they could have.

Stephanie: But the $100,000 is considered a retainer that you guys paid so it’s not gone and it would go towards whatever or it would be refunded. I asked the Judge!

Brian: Well most of it’s gone.

Mark: Most of it’s gone.

Stephanie: Most of it’s gone already?

Mark: Yah, they’re going to get paid. They’ve already agreed.

Brian: It’s was like $60, probably like $80 now.

Tim: Oh, do you know that?

Brian: I heard them say $60 and after this hearing, this meeting here and you’ve got three guys here, yah know

Mark: Yah, that thing is not going away.

Jan: Well is it like anything else? Upfront they say what all this is going to cost so that at the end you’re not going, ok that’s the bill? Where is it that you can…?

Mark: They need to do a budget. How do you do it without a budget?

Jan: …say give us an estimate?

Stephanie: The thing is so...Vivienne is going to…I need to contact Vivienne with our concerns and what things we have today ASAP so that is our only focus – K?

Mark: Do you have Obsidian’s agreement? I meant to grab it…

Brian: I bet you I do?

Brian leaves the room

Tim: I have it. Just one copy of it, but.

Mark: That’s ok; I just need it for…

Stephanie walks around the table.

Tim: I mean this is all we have is kind of this outline…it’s very little detail.

Mark: No, no, no their…Oh, oh yah, yah…that’s what I want.

Jan: Brian’s got something he is holding...

Brian comes in

Stephanie: This has a camera on it. You need to leave this and tell them not to mind this. I already asked Terry and he said fine, bring it in.

Jan: OK

Mark: Is it really pointed in the right direction.

Jan: So this is taping now?

Stephanie: Yah, it’s taping now.

Brian to Tim: You know what I don’t like about this agreement…was just this one paragraph here about. That they are supposed to be engaged by the company and giving us…

Stephanie: Brian can you sit over there?

Brian: Do I get to be on TV that way?

Stephanie: No, do you want to be on TV?

Brian: No.

Jan: We want them to be on?

Stephanie: Yes.

Jan: Ok. Steph, do you want to sit here and I can sit?

Stephanie: No.

Mark: Make sure Lane sits there.

Brian Leaves

Jan: Tim’s very calming.

Stephanie: Yah, I know.

Tim. But yah know, when I am on the edge, when I flip over, I’m not pretty.

Laugh

Tim: Mark’s probably seen me a couple oft times, but yah know, I can go on a rant pretty easy.

Mark: I don’t mind it if it’s not directed at me. When it’s directed at me, I don’t really like it that much.

Laugh – Stephanie Leaves

Mark: This is the paragraph that concerns the hell out of me.

“It is not one of OFG’s right to be paid from the Summit Estate for all matters not directly related to the assets such as general services, tax related services, including claims mitigation and claims and distribution calculations.

Further, all services not directly related to the collection of the assets such as providing testimony, responding to subpoenas and other forms of discovery participating at the request of the advisory committee and any other groups and sub-groups of creditors in identification of third-party claims shall be OFG’s standard.”

Terry Vance Comes In

Mark: And my question is - What’s the budget there? You must have estimated what this is going to be.

Jan: Yeah get the number, what’s it gonna cost?

Mark: That could be a huge number, but I am still saying, just by landing this job at 15%, doing nothing but listing all this with realtors. If you say the cash proceeds are $10 Million, it’s almost $1 Million bucks for doing nothing. They don’t have to do anything. It’s already whatever it’s worth. It’s built in. Just for accepting the offers. Terry, if I’m in jail on August 14th, are you going to call and wish me a happy birthday?

Terry Laughs

Mark: You should.

Terry: Send you the proverbial cake?

Mark: Yah

Stephanie: So, do you think you could attend?

Terry: I can do anything I want

Stephanie: I want to know if you want to attend.

Terry: Well, it’s going to be interesting.

Stephanie: I think it would be beneficial if you attended.

Mark: I think it keeps it real honest.

Terry: That’s an impossibility!

Mark: Laugh, ok…

Terry: Maybe it will improve my perspective.

Jan: Do you think somebody needs to be writing anything?

Stephanie: I am. I’m typing.

Mark: I am too.

Terry: Do you got it on now?

Stephanie: Yah.

Terry: So you’re just recording it right?

Mark: You being here it just helps with accountability.

Jan: Enough people are here listening.

Mark: Is Kate (Brian’s daughter) coming? Did they invite Kate?

Kate Enters

Stephanie: She is trying to find me.

Kate: Oh, there you are.

Kate gives Stephanie Coffee

Stephanie: Thank you.

Jan Leaves

Terry: Who are we waiting for?

Tim: Kevin, I think?

Stephanie: Kevin. He said he was caught in Sunriver due to the snow.

Mark: Apparently, he is not very experienced in snow.

Stephanie: Or maybe...he might have been driving back this morning. I couldn’t tell.

Terry: He doesn’t drive, I don’t think.

Stephanie: He doesn’t?

Tim: He flies.

Terry: He flies.

Stephanie: Oh, maybe he was flying back this morning.

Mark: Maybe, there’s fog down there.

Tim: Quite often.

Mark: That could be. Seriously!

Stephanie: He said 10. Oh it’s 10.

Mark: Well you guys…do you just feel like nothing is true in life after Arod? Can’t trust anybody!
Jan Enters

Tim: Baseball, its.

Mark: Miguel Tahatta pleads guilty to lying about his teammate using steroids.

Tim: I think America’s pass time needs to become Lacrosse

Terry: Yep.

Tim: Much premier sport.

Terry: Yep.

Jan: And the Phelps thing just makes me so mad.

Tim: Baseball has effectively de-throned themselves as America’s pastime.

Terry: They sure as hell have, haven’t they? They’ve pretty well killed themselves.

Mark: But you know.

Terry: Any I thought Selig comments were really stupid.

Tim: I never thought him to be much of a leader.

Mark: Who Selig. Yah, he sure gets paid a lot of money for leaving an all star game in a tie.

Terry: No kidding.

Mark: You can’t do that. Yah, you know….I don’t know. You gotta just go we’re cleaning this up. You gotta take that error and just go we can’t count this error or anybody…

Terry: Who the hell cares? I mean realistically. How do you know Babe Ruth wasn’t on something rather than just the bottle?

Tim: Cigars and bottle.

Laugh

Terry: Exactly.

Tim: Because they didn’t have synthetic steroids then.

Mark: I don’t think I’d care if it didn’t make such a significant difference in their performance. I mean all of a sudden, these guys are hitting 70 or whatever home runs a year and stuff.

Jan: Laughs

Mark: You can take these guys and look at them and go Ok this isn’t right.

Terry: Who’s that character from the Denver, Broncos? Oh a Romanosky…Jesus…I mean he was one of the first, I think?

Tim: Was he?

Mark: I think all the Steelers were and they’re all dead. That’s what you get.

Brian and Stephanie Enter

Tim: Don’t leave the Raiders out of that discussion.

Mark: No, no.

Stephanie: He’s running another 10-15 minutes late.

Stephanie picks up the laptop and is working on it

Mark: You know what they are doing today…this is just mind boggling. The South Carolina detectives…they’ve arrested 8 people.

Jan to Stephanie: So this thing has a camera on it…oh yah…there we are.

Part Two

Stephanie sets camera up on back counter and situates it.

Mark to Stephanie: So you think…I mean Vivienne is a pain in the ass!

Stephanie: I think she’s OK. I mean she came and searched me out.

Mark: But, but Vivienne…whispering…

Stephanie: The only thing I am concerned about is that it is taking so much time already.

Mark: It’s taking so much time. I am going to put that back on Susan (Susan Ford of Sussman Shank). I mean it’s like you haven’t even set up a Conduit for us to transfer assets. In fact, you said no.

Terry: Well part of the reason for that was to make sure there was some stipulation or agreement by the creditors’ committee. That they weren’t just going to start attaching everything. That’s all part of the 105 Injunction.

Mark: So was there any talk yesterday about the whole Tennant thing.

Terry: That’s where the biggest problem is in terms of blocking this whole mess. As far as I’m concerned it came right out of the creditors’ committee, of which, Obsidian has been totally responding to the creditors’ committee.

Mark: Right.

Stephanie: Right, but the Judge seemed to say that unless you guys…basically the creditors’ committee convinced that Obsidian will do the job they say they are going to do and they’ve given them a presentation and they had a vote.

Mark: I talked to one of them…well I didn’t but that one (creditor – Rolland Andrews) – Scott (Scott Adams) said he was going “At that presentation they gave us some bull shit. They are expensive as hell. I don’t even understand what all these people want.” He’s on the creditors’ committee and he sees it.

Stephanie: So anyhow, we have to figure out a way to get this (whole mess) into the right hands if we can.

Jan: Seems like the person or the party who’s spent the most time actually hands on knows the most and should be…

Stephanie: And Susan did agree with…I said that Terry has a working knowledge. He’s been working there (Summit) day in and day out trying to find out what’s going on here.

Jan: I mean that’s a slam dunk. He knows more…

Stephanie: She (Susan Ford) reiterated the same thing and no one seemed to have a problem except this Tennant group because they can’t get what they want

Terry: Exactly.

Stephanie: So now they want to just appoint a Trustee so that they can just to get things going.
Terry: You know it would have been a long time ago if they would have just gotten out of the way.

Mark: How come no one brings this up at the hearings?

Terry: I don’t understand that.

Mark: Why do we have attorneys who sit there and can’t even bring it up as an issue?

Jan: It makes you feel like you should be present at all of this stuff if it’s in Portland.

Stephanie: Well that’s why I think…I don’t know…be there because when I went there the attorneys did bare minimum for you guys.

Tim: How long was the hearing, yesterday?

Stephanie: An hour and…

Terry: Did they even address the injunction?

Stephanie: K what’s what’s…No. I don’t think so.

Terry: The original reason for that meeting or the hearing yesterday was to rule on the injunction…

Tim: To extend it.

Terry: Well extend the TRO and figure out whether…

Stephanie: They did it. They did do an extension of the TRO. Then the talked…the only things that they had on there was that and whether to get you (Terry) out and Obsidian in.

Terry: Well I guess the extension was the TRO. I’m not sure of the injunction.

Mark: You know Bob (Bob Vanden Bos - Mark’s bankruptcy attorney) calls me up yesterday and says, “Well I need to know if you agree to extend the injunction or not. What do you want me to do?” Do I have a choice Bob? “Well if you say no, they’ll just do this and that.” Why are you wasting your time calling me and asking me anything?

Tim: He has to sign it.

Mark: I know it’s just a ridiculous conversation we’re having right now. I get tired of you asking me all this shit that I don’t have a choice on.

Stephanie: Well so anyhow he gave me something to sign that would give me power of attorney to do whatever

Tim: Who, Bob Vanden Bos?

Mark: Well I’m not sure that’s a good thing.

Laugh

Terry to Mark: You gave her power of attorney?

Tim: Now we have a whole different worry.

Laugh

Stephanie: He’s all – “Are you sure you want this job?” I said, well I don’t know.

Tim: I got a whole new worry now.

Stephanie: Whatever.

Mark: Yah at the next hearing we’ll have the Santa Rosa police there going “Let me tell you about this one.”

Stephanie: Hey, if I wouldn’t have gone there yesterday this would have gone through the Trustee (US Trustee) quick and you guys have no say.

Jan: And what’s it looking like to them when nobody is there to…I mean does it look like…well I guess they don’t care and their not.

Tim: Why can’t we get better advice from our attorneys?

Jan: It’s frustrating that way.

Mark: I mean we pay them a lot of money and…

Stephanie: When Bob called me back after I told him why I need to be there (at the hearing) and he said “OK” and he got off the phone and he talked to Summit’s bankruptcy attorneys and they said “It wouldn’t be a good idea she comes…they are going to choose Obsidian anyway. There’s just no way.” I said you know I have been told…

Mark: Susan is such a…she can be pushed around.

Stephanie: It was the guy attorney.

Tim: Oh, Tom (Tom Stilley)

Mark: Tom

Stephanie: I said - Ok I have been told several times by attorneys what will and will not happen and I don’t believe that they always know and so I am going to go down there and
I want to at least be there present so that if there is a chance and something happens, great, but if nothing happens then I don’t lose anything.

Jan: You have to try.

Mark: I think there is a pattern of what they tell you is going to take place…they’re wrong every time so why do we…

Tim: They’re guessing and they control things in a controlling environment.

Stephanie: My experience is with attorneys is they always tell you what is bad that is going to happen and sometimes it does and sometimes it doesn’t.

Terry: Do you have considerable experience?

Mark: Yah, there you go Terry. Good question.

Stephanie: That’s why I’m not scared to go over there.

Tim: Terry, don’t go there.

Laugh

Mark: You don’t want it to get dark.

Laugh

Tim: You know I did this stuff with the trucking company that filed bankruptcy, we used Barry at Sussman Shank and he said, “I understand there wasn’t a criminal aspect and I understand there wasn’t the amount of money”

Mark: Well let’s bring Barry back.

Tim: He said “You go and you explain openly to everybody where you’re at and what you’re trying to do and that you’re doing the best that you can. If anyone has questions for your attorney, have them call me.” I think my retainer for their services was $5,000 and he gave me $250 back when it was all done. Granted it wasn’t the scope of all this, but it’s…what diffused a lot of people was me saying look I’m not running away, I’m doing everything I can to take care of this problem and you know you can fight it but al it’s going to do is throw us in bankruptcy. Well, of course, we are already in bankruptcy but it seems to me like that face and saying…

Mark: Nobody knows that we’re not running away.

Terry: And because the Judge quoted directly from my affidavit at the previous hearing regarding…then and he asked both the creditors’ committee and Susan and Tom, “Why the hell we can’t get something done. It says right here…Mr. Vance said right here that the debtor…all of the principals are cooperating to the best of their ability and they’re willing to make every effort.”

Stephanie: And they reiterated that yesterday too.

Mark: But that’s who they aught to be asking…Susan…because I just don’t believe she takes charge of this. She gets moved around by everybody and I even saw it that day with Vivienne where she just buckles.

Stephanie: She did do an OK job presenting and she validated the points I had brought up as far as you (Terry) and the work you’ve done. She reiterated it with the Judge. She kind of supported me up there when I wasn’t yah know but…I don’t know. I don’t know what their job is exactly to do.

Mark: Their job is just to get paid.

Tim: I think that’s another reason why we have to be there, if not for ourselves, it also holds her accountable, but it also gives her something to support instead of just going with whatever direction things seem to be going.

Mark: I think you’re right. I think it holds her accountable while we’re there.

Stephanie: And the Judge seemed to want to get this resolved quickly. Like sooner than this date..they set a court date for the 20th…Umm…

Mark: It’s the end of the extension of the TRO.

Stephanie: Right, but he wants to figure out the trustee deal prior to that except for Wednesday.

Terry: Except for Wednesday?

Stephanie: He’s gone Wednesday or something.

Mark: You know one of my biggest fears is that…like in these LLC’s…that all of our partners who are innocent parties to this whole thing just get run over. That’s just a huge concern to me.

Terry: Run over by?

Mark: By whoever the Trustee is…they just go into these LLC’s and they want you to just sign your rights over and then we get control and we do whatever we want. I just want someone with the best results…

Terry: Well isn’t that defined in the operating agreement, though?

Stephanie: It is.

Mark: Well yah but my attorney is going…well no you know there’s operating agreements…I pointed out…

Stephanie: But their going to get in default.

Mark: I pointed out that like on Smith Brothers…if I assign it, I don’t have any ownership. I want to ask Kevin specifically about Smith Brothers…I’m going to ask him about Century Drive Mobile Home Park…If he knows that if we assign our interests’ that it immediately puts them in default.

Stephanie: I asked him about that and he kind of pushed it aside, but said that “There are ways to deal with that.” So I want to know exactly what ways you say there are to deal with that because he says, “The seller doesn’t always get the property.” How do they not when you’re in default?

Mark: When I look at Century Drive Mobile Home Park…it’s like ok…put it on the market…can we get anything for it? Why are you putting it at risk if we’re cooperating…just leave it where it’s at…let’s see if we can sell it for an amount to get some money to the creditors.

Tim: And preserves the interests’ of our partners.

Mark: Right, right.

Kevin Enters

Kevin: Hi gentleman and ladies.

Stephanie: Hi. Come on in. Those are your seats. I will get the rest of the men. Ran into ice and fog?

Kevin: Yes.

Stephanie: That’s always a challenge.

Kevin: I had to get the plane out of Aurora. Umm. Ok so who are we meeting with?

Tim: Well I think the four principals will be here and this is Jan Neuman, Mark’s wife.

Jan: Mark’s wife.

Kevin: OK.

Tim: And then Stephanie Studebaker, Mark’s daughter, who was at the hearing yesterday and spoke on our behalf I guess.

Kevin: K.

Long Pause

Kevin: Terry do you have a minute?

Terry: Yep!

Kevin Exits with Terry

Long Pause- Stephanie Enters

Stephanie: Brian’s missing in action. (Laugh) I don’t know where he is.

Tim: He needs to come in and this meeting needs to get started.

Mark: He’s hard to track.

Jan: He was just in his office with Kate just a minute ago.

Stephanie Exits

Mark: He was lost in an airport for over two hours.

Ewan: You know one of our, both of our principals have the same issues.

Ryan: They are not the easiest guys to find.

Mark: That’s one of my best stories. I gave up looking for him so I went to the bathroom. All of a sudden I heard a cell phone ring and he answers it in the stall next to me.

Laugh

Long Wait and Chatter

Stephanie, Kevin, and Terry Enter

Stephanie: So we have to organize the meeting…in order to have Terry here right now we have to organize this meeting into two parts…One part is an interview…

Stephanie: And we can have Terry here in on that…

Kevin: No, No…for neither or those parts. I just got done saying that…for neither of those parts. If you want to ask questions about what we’re doing in the case, I’m happy to have that with everybody.

Stephanie: Ok. That’s what we’re doing first.

Kevin: If you have a question about that, but if you want to do an interview or have a presentation. I want to do that separately.

Stephanie: Ok. So that part we’ll do second. The first will be whatever you just said we could do with Terry.

Kevin: If you have questions about what we’re doing in the case, I’m happy to answer them.

Stephanie closes door

Stephanie: Ok, who wants to start with questions about the case?

Posted by
Stephanie DeYoung
Bankruptcy Whistleblower
Investigative Blogger

Secrets Behind the First Million Kevin Padrick Stole while the US Department of Justice Trustee Did NOTHING..

2010-02-22T15:55:00.001-08:00

How Odd that the Bankruptcy Attorney has to Hire and Attorney to Speak for him...

Your Fired.. Kevin Padrick of Obsidian Finance Hires David Aman of Tonkon Torp to Tell all previously involved with the Bankruptcy...

You Have Now Rights.

Bank Account's Seized..

File under False Authority.. with Oregon State..

"They don't Work with Anybody"

Leon Simpson,Pamela Griffith and Kevin Padrick ALL worked together previously at Miller Nash - Now We See Who Got WHO what job and WHY.. - Follow the Money .. ..

Did the US Trustee Check into all the "Affiliations" and "Conflicts of Interest" in the Summit 1031 Oregon Bankruptcy Takeover by Kevin Padrick and Obsidian Finance?

YOUR Money - Out Rageous Attorney Fees

Perkins Coie - First 5 months $265,000

Tonkon Torp - First 3 Months $268,000

Kevin Padrick - Obsidian Finance First 3 Months a WHOPPING
unjustified - RIDICULOUS - $490,000 .. Cha Ching.. Looks like we
got a bankruptcy going on down there in Bend, Better get down there
while the Gettin's Good and Take that Bankruptcy OVER... yee Haw..
No one will suspect as WE Rob them Blind...

$164,000 to Kevin Padrick FOR a percent of a TRANSFER.

$184,000 to Obsidian Finance for Smoke and Mirrors...
Stalled Exchanges... none Happened.. they held Exchangers Property Hostage..
Looking for a bigger Paycheck for THEM...

Why did Sussman Shank let this Happen and Seemingly
orchestrate it... hmmm...

$125,000 to much spent on completing Exchange.. Sussman Shank
seem to me to be in on all this and acting seriously UnEthical..
Time for a Bar Complaint? A RICO Lawsuit? Criminal Charges?

What did the United States, Department of Trustee think of ALL this?? or did they Get a Cut?? I would bet big money, being a gambling gal and all.. that the Dept. of Justice Bankruptcy Trustee got a "percentage" of everything... and is Still a Gettin'....

Dig Deep Follow the Money Trail, there are Giant Crumbs..

Where is Robert Miller of the US Dept. of Justice?

Where is Steven Hedberg of the DOJ in this Obvious, Blatant
attack on YOUR Pocketbook?

Where is US Trustee Pamela Griffith ?

What was Jeanette Thomas's Role in this Fiasco?

Who is Thomas W. Stilley, Tom Stilley in all this?

This Is Big Money Folks, you have a Right to KNOW
how the Oregon Bankruptcy Courts are Handling
their Highest Fiduciary Duty When It Comes to YOUR MONEY...

Posted Here by
Crystal L. Cox
Investigative Blogger

Stephanie DeYoung - Summit 1031 Bankruptcy Whistleblower on Where the Money REALLY Went, YOUR MONEY!!!

2010-02-22T13:47:00.000-08:00

There is Fraud, Corruption, Secrets and all kinds or suspected foul play coming out of the Bend Oregon Summit 1031 Bankruptcy. Look Deeper Folks - Knowledge is Power !!!

A hundred 1031 Exchangers... and No ONE Cares
but ONE insider who NO ONE is listening TOO.

13.6 Million in Cash
10 Million Bond
3 Million in E and O
11.8 Million in Property

hundreds of thousands SPENT of YOUR Money in Duplicated Services.

"Special Meetings" - Your Dime.

Your Money Sucked up By Smoke and Mirrors
and Justified in Illusions..

Stephanie DeYoung had a GREAT Objection to Fees - She was BULLIED and Harassed into Dropping this Objection to Fees and the Oregon Department of Justice has just looked the Other Way... Though there was plenty of Document Truths - Facts as to why, in FACT this Objection to OUTRAGEOUS - unjustified fees SHOULD have been ALLOWED and acted on...

Kevin Padrick is and has been losing YOUR MONEY hand over Fist and the Department of Justice Trustee ... is no where in site .. NO Accountability for the Oregon Bankruptcy Courts - No Transparency or Open Government in OREGON anywhere in site, despite the Publicity Stunt of John Kroger Oregon Attorney General in Claiming that the State of Oregon is all about Open Government and Transparency.

Bankruptcy
your money, their pocket,
your LOSS - their living the high life
bankruptcy attorney's...

In this Video it Looks to Me like Stephanie DeYoung is Standing for YOU
where are you, where were you ... Paralyzed in FEAR... ???

the Creditors sit by and wait for Injustice to be served up to them, all because they Believe as I once did that Stephanie DeYoung is not a Credible Person to get the Truth from just because her father was one of the Owners of the Company, thing is I have come to learn that is not the case. She is the AUTHORITY on what is Really going on in the Summit 1031 Bankruptcy out of Bend Oregon, she is a Credible - Legally Defined Whistleblower.

Those who Do not or DID NOT listen
Oh WELL
not MY MONEY !!!

More on the Summit 1031 Bankruptcy behind the Scenes.. at
www.Summit1031BkJustice.com and www.ObsidianFinanceSucks.com as Well as lots of Insider Video at http://www.youtube.com/user/Summit1031bk

posted here by
Investigative Blogger
Crystal L. Cox

Ten Lakes Realty Independent Real Estate Office

2010-02-20T14:22:00.000-08:00

Crystal L Cox is the Broker Owner of Ten Lakes Realty, an Independent Full Service Real Estate Company. Ten Lakes Realty, established 2001, in Eureka Montana. Crystal is a 4th generation Northwest Montanan.

Crystal L Cox Quit the National Association of Realtors long ago when it was discovered the Realtor Association is not in place to protect the consumer rights but rather to Protect their own best interest as well the interests of their prominent members.

Who then protects the consumer in a real estate transaction? Crystal L Cox, Real Estate Broker, realized that there was a need to educate the consumer regarding the real estate transcation. In fact armed with the correction information it becomes possible to complete a real estate transaction without a "Qualified Realtor" claiming fiduciary responsibility.

After all, would you trust a virtual stranger with what could be the most important purchase of your life, Your Home. Just because they hold the title "Realtor". It is not a real Qualification as you will find.

Why not represent yourself? Crystal Cox knows, get educated, NO ONE cares more about you, your life and preserving your investment than you! The money you save not paying commission to a "Realtor" will more than pay for your education.

The Definition of Realtor, this is a hoot.

The term REALTOR® identifies a licensed professional in real estate who is a member of the National Association of REALTORS®.

Not all licensed real estate brokers and salespersons are members of the National Association, and only those who are, can identify themselves as REALTORS®.

Realtors conduct their business and activities in accordance with a strict Code of Ethics.

For example, as agents in a real estate transaction, licensed brokers and salespersons are prohibited by law from discriminating on the basis of race, color, religion, sex, handicap, familial status, or national origin. A request from the home seller or landlord to act in a discriminatory manner in the sale, lease or rental cannot legally be fulfilled by the real estate professional.

If anyone besides a REALTOR knows this to be true you are one of the few, a rare experience indeed.

To become a "Realtor" (and you better pronounce the trademark word correctly "REAL_TOR"), to become a Realtor all you need is money. Pay the Man and your in. That is all it takes to Qualify you as a professional acting in accordance with a "strict Code of Ethics". Go the the club house meetings, the play pretend award ceremonies, make nicey nice with the competition, everyone knows they would walk over the top of you for the almighty buck.

It's funny to hear the grousings in the back of the room at one of these events or "awards lunchons" Remarks such as "Oh he was born with a silver spoon in his mouth". or "He doesn't need that". "His Daddy paved the way for him". This room full of sharkes are your respected colleagues? Bull. they despise one another. They stick together in a group to protect each others butts, NOT for the benefit of You the consumer.

Ask anyone who ever had a Problem Real Estate Transaction, if it was resolved in a satisfactory manner by an Association of Realtors? You will not find anyone, I can guarantee it. Realtors Protect only themselves.

Yes Crystal L. Cox the Broker of Ten Lakes Realty in Eureka Montana. Crystal Proudly Resigned in good standing as a member of the National Association of Realtors. This is not scam - as a Licensed Supervising Broker in the State of Montana as well as Oregon. Crystal Cox has turned her attention to Real Estate Whistleblowing in an effort to shed the light on the corruption in the Real Estate Industry Today.

Summit 1031 Bankruptcy - Behind the Scenes Details of an Oregon Bankruptcy - Kevin Padrick - David Aman - Stephanie DeYoung - Bankruptcy Trustee

2010-02-18T19:14:00.000-08:00

Stephanie DeYoung has Serious Moxy -
as She Stands Firm
with Truth, Facts, and Figures
that most Seem to Ignore.

the Summit 1031 Bankruptcy Blog - Transparency and Disclosure
in an Oregon Bankruptcy Like Never Before....

Here we have all the Documents of the Summit 1031 Bankruptcy, pretty much on one blog, we have videos and details of not only how Kevin Padrick stole this Bankruptcy job but also how the Oregon Trustees do business,... we also have videos of Bankruptcy Meetings and

Stephanie DeYoung does not Own Summit Accommodator Exchange, she is simply the daughter of one of the Principal's who is also an Accountant and in recent years provided accounting work for some of the LLC's in the Exchange Company as well as other roles that you can see in the DETAILS, and videos that she has provided with FULL and Complete Transparency.

Stephanie DeYoung is an Oregon Bankruptcy Proceeding Whistleblower, and the Attorneys running the Bankruptcy Show have so far Ruined her Reputation, Bankrupted her personally, Pressed Criminal Charges for a Video, and have constantly - unEthically and I believe Illegally singled her out in this Bankruptcy War ... just because they DO NOT like FULL Disclosure and TRANSPARENCY and Kevin Padrick and David Aman do not want to have to answer to many of those pesky questions from Creditors who have Lost SO much in the Summit 1031 Bankruptcy, DUE to NO Fault of their Own.

It will never make sense to me, as to Why Kevin Padrick is using the Bend district Court to press charges against a video that Shows the TRUTH. Would Kevin Padrick be using the Bend Police, County Attorney and Bend District Court for his Dirty Work if Stephanie DeYoung had not posted these videos on her blog, but instead just had them in her private files?

I bet he would have said nothing about that... so the issue then is the Internet, Is Intellectual Property, Blogs, and such and really isn't this law based out of Virginia... I mean can you really even use local cops and district court to take ANY action at all against a Blog, youTube Videos or anything on the internet Really?

Unless of Course it is as Serious as a Death Threat, and Well I know full well that Local Law will DO NOTHING about that... so District Court is then seemingly involved in Doing Dirty Deeds for Attorneys so they can throw their CLOUT around and bully people into doing what benefits them... problem is Stephanie DeYoung does know her rights, and though the Bend Courts may violate those rights and may act a bit outside of the actual law and their Internet jurisdiction ...

well Oddly Enough the TRUTH is Still the TRUTH...

On that Note Stay tuned to this Blog for Internet Law, Whistleblower Laws, Oregon Laws, and information on Attorneys and Courts that Operate outside of these laws.

We will also discuss the issue of Attorneys who ask the Most Bizarre Depositions questions and the Mind Game Tactics - Reasons they Do this.

******
Have You Ever "Objected" to Outrageous Attorney Fees?

Have you ever done this formally with an actual legal complaint? Most simply are just outraged and really are Powerless at the Over Charging, Bullying and lack of real action and True Justice that Attorneys serve up, however, even in the face of extreme ridicule and harassment this One Woman had the Moxy to Object to HUGE - Out of Line Attorney fees in a High Profile - High Dollar Bankruptcy Case. She did this objection to Save YOU, the Creditors money, and to show that Summit 1031 had a whole lot of your money when they went bankrupt and the Attorneys were sucking it up quickly and well.. it was most certainly NOT a Justified Expense.

Stephanie DeYoung was not paying this money out of her pocket, and well it turns out nothing to do with her inheritance as well... it is Creditors money, spread as a loss over all of YOUR pocket books and blamed on 'The Bankruptcy Just Costs that..' but you would have to be a Bankruptcy Attorney to Know That... and this cost is also blamed on the Principals Yet that Money was there and SHOULD have WENT to you the Creditors and not the Attorneys, the United States Bankruptcy Trustee should have seen to that immediately INSTEAD of letting some Middle Guy take Millions from YOU on their Watch ... it is Not Fair, Right, or in any way Moral.. but it looks like in the Oregon Bankruptcy Court system and the US Dept. of Justice Trustee System.. it Certainly MUST be Legal.

Stephanie DeYoung Spoke out about Millions in ... Well Too High of an Attorney Bill that would continue that high rate for up to 5 years I believe... this Woman, this Whistleblower Said I Object, and she Really Was Doing the Right thing With this Objection... however with that She was Tormented, Harassed, and well.. her life changed forever...

All because she spoke the Truth... and Well Nobody on any side of the Summit 1031 Bankruptcy was ready to hear it.. She received pressure to STOP from inside and outside of the Summit Bankruptcy, She got Slammed by Blogs (yes one was mine) .. news outlets, attorneys, courts, friends, family and well her business suffered, her family suffered and well her pocketbook seriously suffered... and THEY continued to pressure her with harassing emails, Criminal Charges, Harassing Depositions, and hoop after hoop and well One Day.. Stephanie Withdrew her Objection to Fees as it seemed none of the other Creditors stood with her just because she was the Daughter of one of the Principals....

the Thing is the Truth remained the Truth, no matter who her Father was.. and these fees were way out of line.. today it seems the Creditors feel helplesss.. many email and it seems to me that they are NOT kept in the LOOP what so ever by Kevin Padrick, Obsidian Finance, Tonkon Torp, David Aman, Ewan Rose, the Department of Justice Trustee, Steven Hedberg or really anyone.. they are at a loss and powerless for the most part just waiting for the Mercy of Kevin Padrick who answers to No One...

After Stephanie Withdrew her objections, and was financially ruined, and seriously defamed in her town of business and further... then Kevin Padrick made it his mission to Cruelly Harass her a bit more with Criminal Charges for Recording a Video that .. well it seems to me was of a Meeting that there SHOULD have been No Secrets at.. as this is a US Justice System Supervised Bankruptcy - that is SUPPOSED to be of the Highest Fiduciary Duty and it SHOULD be VERY Transparent...

This Whistleblower bringing you the Never Before Seen in an Oregon Bankrupcty ... Real .. Transparent.. behind the Scenes of a High Dollar bankruptcy Proceeding should be commended, supported and thanked... instead she is Still Harasses.. she withdrew the objection.. she walked away.. she stopped writing on the blog.. things had settled down and Kevin Padrick - Obsidian Finance and David Aman - Tonkon Torp had got their way... So that was NOT good enough.. they had to then pursue Criminal Charges ...

So ... the Summit 1031 Bankruptcy Soap Opera Continues and I Guarantee it WILL Be as Transparent as POSSIBLE... so Say nothing that is not based in TRUTH, in Law and is not really something that you want On the Record as there is always a camera going on this ... there is simply to much to lose... more then money when it comes to the Oregon Attorney Fraternity...

the Oregon Attorney General Supports Transparency and Open Government in Words that is.. so we Shall see if Mr. John Kroger Oregon AG supports Transparency and Open Government in the Real World as the Details of every single document and behind the scenes discussion plays out over blog upon blog... as My Real Estate Industry Whistleblower Network picks up the Story of One Strong, Smart, Whistleblower and Tells you more then you Ever thought to Ask of What goes on Behind the Since of High Dollar Bankruptcy - What Attorneys are really charging and why... where is the DOJ Trustee Really, what Conflicts of Interest and Old Network of Friends Factors in, what Laws the Department of Trustee is suppose to adhere to... what Law Firms got this FAVOR into to Play, why the First Attorney was Fired.. and all the Dirty little Deeds that happen in Bankruptcy Courts... as We Profile the Intricate Details and Players of the Summit 1031 Bankruptcy across our Industry Whistleblower Online Network.

If you ANY information, documents, videos of the Details of the Summit Bankruptcy Email me Crystal@CrystalCox.com and let's get this story rockin'...

Oh and don't worry how Personal your Tips are.. if David Aman - Tonkon Torp can question Stephanie DeYoung.. not even an owner or principal in this Scandal about the Intimate Details of Her Private Life and lay my Private Emails out to Deposition and inquire on My Personal Relationships WELL then ALL intimate details are certainly "Discoverable"and apparently Pertinent to this Bankruptcy so Send them on Over...

posted by Crystal L. Cox
Investigative Blogger

more on this Bankruptcy at
www.ObsidianFinanceSucks.com and
www.Summit1031BkJustice.com
Crystal Cox Whistleblower
Crystal Cox Montana

Deposition on the Summit 1031 Bankruptcy - David Aman Tonkon Torp, Kevin Padrick Obsidian Finance

2010-02-15T22:56:00.001-08:00

Inside an Oregon Bankruptcy Case.

Klondike Point - Valuations and a SLAM on Stephanie's Objection to Fees.

"Have you Ever Been an Attorney in a Bankruptcy Proceeding Before"

this Question asked of Stephane DeYoung, why?
They certainly know that she is NOT an attorney and has never been an attorney.

Stephanie DeYoung has a Right to Object to FEES, Obsidian - Kevin Padrick Charged Way more then the Original Attorney, Stephanie is a CPA ...surely she know OUTRAGEOUS bankruptcy fees without EVER being a Bankruptcy Attorney... this video toward the end is One Small example of How much Stephanie DeYoung was harassed for Asking Questions of The Bankruptcy Attorneys GROSSLY high FEES.... this kind of Attack is Immoral, UnEthical and well isn't it Illegal.. why fight so hard to STOP an Objection of Fees? Oh I know that is where the rake the Real Estate Consumer over the Coals and make it look like ... simply stand fees that any bankruptcy attorney would charge... Why harass this Woman, this Whistleblower simply because she questioned what the Attorneys were charging the Creditors?

This Video is Also About Some of the Valuations, Leases, Klondike Point and more..

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

posted here by
Investigative Blogger
Crystal L. Cox
Industry Whistleblower

Kevin Padrick - Obsidian Finance - Oregon Bankruptcy Courts - Summit 1031 Exchange Bankruptcy

2010-02-15T21:48:00.001-08:00

One Man in Control - with Seemingly No One to Answer to.

What is Happening With your Money?

Who is Watching the People In Charge?

Is there Any Accountability for the Decisions that Kevin Padrick, Obsidian Finance Makes or Actions He Takes? What about Flat Out Lies, Double Talk and Breaking the Law... Click Here to Think About that One.

One Man can Come in, Take All the Money, Seize all the Assets and Answer to NO One, and this is Called Justice in the State of Oregon? Where is the Department of Justice Oversite?

Watch this Video of Industry Insider - Whistleblower Stephanie DeYoung as she explains some of the begining factors of how this all happened...

More on the Summit 1031 Bankruptcy, Kevin Padrick, Ewan Rose, David Aman, Sussman Shank, Perkins Coie, Steven Hedberg, Tonkon Torp Oregon.... at
www.ObsidianFinanceSucks.com and www.Summit1031BkJustice.com

posted Here by
Crystal L. Cox
Investigative Blogger
summit 1031 bankruptcy

I Blog about your Court Case, your Bankruptcy, your NEWS and you Get Questioned ON THE RECORD?

2010-02-15T21:21:00.001-08:00

are YOU Kidding ???
Deposed about a Blogger you Never Met?

Is this Really Part of the US Justice System Bankruptcy Courts, and a way to SPEND Creditors Money.. ?? harassing a Whistleblower like Stephanie DeYoung about an Investigative Blogger whom she did not first contact about the Summit 1031 Story... and has to this day never met... WHY ?

What is the Bankruptcy Courts, the Trustees, the US Department of Justice Hiding in all this .. that their defense tactic is .. about ME, a Blogger... and finding some Legal Loophole to Stop an Industry Insider - a Legal Whistleblower, from Telling the True Story of a 40 Million Dollar Bankruptcy of Which Real - Real Estate Victims had REAL Loss and Continue to ...

The Video Below is Stephanie DeYoung being Questioned about me, Crystal Cox ~ Investigative Blogger on Why I was Blogging about the Summit 1031 Bankruptcy.

Keep in mind They never asked me why I was blogging about the Summit 1031 bankruptcy, so they were obviously simply trying to scare, harass and intimidate a Bankruptcy Whistleblower into Shutting Up.

What is the Point of Harassing Depositions with Seriously Irrelevant Questions.

What is a Whistleblower By Law? Does Kevin Padrick Know, does the Bend County Attorney Know, Does David Aman know.. and if So why these Harassing Questions..

So funny.. a blogger gets, picks up, finds, or is brought to the attention of a Story, and the people involved in the story who have never met the Blogger get Deposed (Harassed) ABOUT the Blogger.. in which they have no control over.. WHAT ???

Seriously this is a GOOD Use of Creditors Money in the Bankruptcy Courts...??? educating David Aman of Tonkon Torp, the US Trustee, Obsidian Finance and Kevin Padrick on what a Blog Is.

Blogs are the NEWS .. I was Reporting the News... Stephanie Studebaker - DeYoung's Blog WAS and is an Industry Whistleblower Blog. WhereBy a TRUE industry insider - a Whistle Blower was Reporting to YOU, Blowing the Whistle on what was Really happening behind the Closed Doors of the Summit 1031 Bankruptcy. Yes related to ONE of the Summit 1031 Exchange Principals, So What.. that makes her even more of an Industry Insider - and Even More of a True - Legal Whistleblower.

Investigative Blogs are the REAL News Folks, and well NOT bought and paid for by Big Media and Corrupt Attorneys ... an Intellectual Property Attorney should know this and NOT spend your MONEY trying to figure out why someone like me cares about total strangers to the point of spending time writing about their story...

Bankruptcy Attorneys Should not Use local Cops, and District Courts including County attorneys to Attempt to harass and shut up Whistleblowers.

The Department of Justice should not stand by and Condone this behavior and the Bend District Court SHOULD not Bow to it.. so what is Really Going on in the Oregon Bankruptcy Courts ???

Stephanie DeYoung did not Create the Conflicts of Interest in the Summit 1031 Bankruptcy, she did not start the Summit 1031 Exchange Company, she did not put words in Kevin Padricks mouth or action into his step, Stephanie DeYoung did not choose the Trustee or Really Create ANY of the Activitity of the 1031 Exchange Bankruptcy.

She is Simply an industry Insider - a Whistle Blower who turned a light on in the proverbial room that THEY were conspiring to take your money in.

She has the Light Still Brightly Lit and it is not her fault if the IRS, the Oregon Law Makers, the Oregon Bar Association, the Department of Justice, the FBI and all those who are supposedly regulating the bankruptcy industry are NOT looking at the Documents and FACTS on her Blog and investigating the MESSAGE... instead of Harassing and Investigating the MESSENGER...

Don't Forget to Ask in all this .. Where is the IRS in Regulating the 1031 Exchange Business? And where is the Department of Justice in Really Protecting the Real Estate Victims HERE instead of the Bankruptcy Court games - drama and corruption..

a bit of Clarification on the Video Above..
part Two of the Video is Posted Below

I first Read about the Summit 1031 Bankruptcy in my Real Estate Writings about Kalispell Montana Real Estate and the Real Estate Victims that I saw being created by the Summit 1031 Bankruptcy as part of my Real Estate Consumer Advocate Blogs in which I am an Industry Insider and Whistleblower as a Real Estate Broker Owner.

In this I was found in the Search Engines on Summit 1031 by an Ex of Stephanie DeYoung. He had plenty of things to say, and well he gave me a Link to Stephanie's Blog, and what looked like access codes to the blog.. and what looked like inside information on the Summit Case.. so In defending the Real Estate Victims I posted a Daddy's Little Girl Post kind of Slamming Summit and touched on her belief a bit as per the blog.. the email...long story.. from there and before Stephanie Emailed me.. I read the whole email, and I went and read a small part of Stephanie's Blogs as there is an Enormous amount of information there..

I figured that much information, documents and from what I did read that her story was a Big Deal and that as a Real Estate Industry Whistleblower I wanted to learn more about the Inside of a 1031 Company and a 40 Million Dollar Bankruptcy that involved Real Estate Victims..

So I pulled out some of the information and wrote on it and linked to her blog as my source, in that she became under attack by the Bankruptcy Trustee for something she really had nothing to do with..

She emailed me links to internal posts for me to read to further clarify who she really was in all this and I removed my original posts about "Daddy's Little Girl" and other tidbits.. for their truly was a whole lot more to the story...

From this, well I have had tons of information emailed to me on Bankruptcies across the United States.. and just how Corrupt the Bankruptcy Courts are.. from the $30,000 bankruptcy to losing a home and a vehicle to Involving and Using the Bankruptcy Courts to Steal a Trillion Dollar Patent - by the Corrupt Patent Attorney as in the Iviewit Stolen Patent Case ( www.DeniedPatent.com is my Blog on that )

And I have heard a whole lot of stories in the price range in between all involving the questionable oversight of the Department of Justice Trustee, and the Local District Courts, Supreme Courts and the Protected Law Firms in that Particular Area "Attorney Fraternity" .

We know from the Murder of Nancy Bergeson, Oregon Public Defender that Oregon's Attorney Fraternity is Particularly Deadly and they will STOP at nothing to Suppress the Truth.
If there is Any Law that ever was REALLY intended to Protect Industry Whistleblowers of ANY kind - well it had better protect a Woman Like Stephanie DeYoung.

What is the US Bankruptcy Trustee and those SEIZING control of the Summit 1031 Bankruptcy Assets and Paycheck Hiding that they would use District Courts and Local Cops to Attempt to Criminalize someone who is Simply making the Summit 1031 bankruptcy Transparent AS it SHOULD be.... ???

It is 40 Million Dollars of Other Peoples Money. Their Blood Sweat and tears, their life, it CERTAINLY should be Transparent.

Do District Court Judges, County Attorneys and Local Cops know about Whistleblower Laws?

Your US Tax Dollars pay for the US Bankruptcy Court Trustee and these are the Games your REALLY paying for.... instead of money out to Attorneys to GET your Money back to you the Real Estate Victims in all of this, the US Trustee ALLOWS the Bankruptcy Attorney - Trustee to Spend your Money trying to Shut up - Stephanie DeYoung the Whistleblower, the Industry Insider telling you in Great, Detailed, Proven Fact all the Details of What is really going on behind the Scenes of the Oregon Summit 1031 Bankruptcy.

They want to shut her up, arrest her, bankrupt her, harass her, defame her... simply to Keep the Truth under Wraps and to Keep the Multi-Million Dollar Pay Check of YOUR money Coming in.

Whether your a Real Estate Victim or Creditor in all this or a Tax Paying Citizen... this is Your Money .. Don't You Deserve Transparency?

Why go to this length to hide the Truth?
And where is the Department of Justice ?

Part 2 of the Video Above

All this in the Name of Justice and Due Process?
More Industry Whistleblower Videos of the
Summit 1031 Bankruptcy at Link Below
Oregon Bankruptcy Courts - Industry Insider

Stephanie DeYoung did Not Create any of This
She is Simply Blowing the Whistle
Stephanie's Blog Which I Now Own is
www.Summit1031BkJustice.com

My Blog on the Summit 1031 Bankruptcy is
www.ObsidianFinanceSucks.com

my Blogs on Bankruptcy Corruption are

www.BankruptcyCorruption.com

www.LiquidatingTrustee.com

www.BankruptcyTrusteeFraud.com

posted by Investigative Blogger
Industry Whistleblower
Crystal Cox

Industry Whistleblower - Crystal L. Cox

Oregon Court Corruption - Summit 1031 Oregon Bankruptcy Courts - Kevin Padrick Obsidian Finance - Oregon Department of Justice Trustee

2010-02-15T20:53:00.000-08:00

Did Andrew Moore of the Bend Bulletin just wake up to the Summit 1031 Bankruptcy or is Someone Feeding him a Line?

Andrew Moore - the Bulletin - Bend Bulletin Newspaper out of Bend Oregon.

The Bend Oregon Andrew Moore Headlines Read

"Court documents detail early warnings in alleged Ponzi scheme that ended in one of the largest bankruptcy filings born of the area's real estate collapse"

Ok so here we are at Feb. 15th 2010, and these Red Flag Documents, Emails, or Whatever these mysterious court documents are JUST Surfaced, or did Andrew Moore of the Bend Bulletin Just Find Out about them?

When did these Red Flag Documents actually enter the Summit 1031 Bankruptcy Case as "Evidence" of any Kind ? And what is the benefit to make it look like this is some new factor to the summit 1031 bankruptcy case?

Why this Set of Information at this Time?

What is Kevin Padrick Up to
and why is the Bend Bulletin Playing Along?

This information coming out in this way Right Now.. is not by accident, it is to Create an Illusion... SO I caution YOU to Find out YOUR Truth for yourself, I am NOT asking you to Believe Me, I am asking you to Think - Research and Find a Way to Find out for yourself What the Truth is.

The Words from this Bend Bulletin - Andrew Moore Article
are Below in BLUE, my Words are in Black

******
Three years before Bend's Summit 1031 Exchange filed for bankruptcy, Lane Lyons, then an employee of the now defunct real estate services company, raised a red flag about the business in an e-mail to fellow employee Timothy Larkin.

The Obvious question HERE is 3 Years AGO, Lane Lyons and Timothy Larkin Raised a RED FLAG to each other in Secret, and did not tell authorities, did not leave the Summit 1031 Exchange Company, did not Contact the IRS, and seemingly did NOTHING to HALT the Future Major Loss to Innocent Real Estate Victims???

How much money did Lane Lyons and Timothy Larkin make during this time, who benefited from their money, where is there accountability? Not to mention the Major Moral and Ethical Issue that is Raised with this.

If they are now bankrupt and have NOTHING... well then I guess no one is accountable right? So if there is no Money to Protect, then WHY are these supposed eMails surfacing now?

Who gave this information to the Bend Bulletin?

If these Red Flag Emails were part of the case long ago then What Purpose do they serve to unleash on the Bend Oregon Residents Right Now ????

Why did this Email even Surface? Was it to make Lane Lyons and Timothy Larkin look like they tried to STOP all this? Or to make them look like they are really, really bad because they did not stop it ?

Both Lyons and Larkin would become principals in the company in 2006.

The e-mail, quoted in the bankruptcy trustee's report, indicates Lyons' concern about a company called Inland Capital Corp., which the trustee's report asserts was created by Summit's two original shareholders — Mark Neuman and Brian Stevens — for the express purpose of loaning money from Summit to Inland for the personal gain of the shareholders, their families and friends, primarily through investment in Central Oregon real estate.

Who is Covering Who and Why?

Who is Putting What in Whose Pocket?

What is Going On NOW behind the Scenes of
this MAJOR attack on the Real Estate Consumer?

If this activity was Illegal, where WAS the IRS, DOJ, FBI in the Oversight of this or ANY 1031 Exchange Company? Is there any auditing process of any kind by the Department of Justice, the FBI, the IRS or anyone over the 1031 Exchange Industry?

If NOT then Why NOW, why THIS Company?

Is it to Cover the REAL Corruption in the Oregon Bankruptcy Courts?

Do other Exchange Companies in Montana, Idaho, Oregon or other areas affected by the Summit 1031 Bankruptcy... do these 1031 Exchange Companies do the Same thing?

Is it Illegal? Is it Criminal?

or Is this a Special Criminal Event Staged for Summit to Protect the Real Corruption going on behind the Scenes of this Oregon Bankruptcy ?

In Kevin Padrick 's "Factual Investigation" is he looking into the 1031 Exchange Industry as a Whole or just the Tiny Bubble of Illusion around this one company...

Seriously, the Question is, Is it Illegal to Set up something Like Inland Capital and to Loan Money to who ever you want at whatever interest rate to buy whatever you want, with the money of Real Estate Consumers, aKa Exchangers - now Creditors ?

Because if it is... the Department of Justice, the FBI, and ALL authorities involved had better NOT Discriminate in this Case and they had better look into ALL the other 1031 Exchange Companies to see if this Truly is a "Standard of Practice" among most or ALL 1031 Exchange Companies.

Personally I feel it is wrong for a 1031 Exchange Company to get to use a Real Estate Consumers Money for 6 months INTEREST free to do whatever they like.... and YES part of that USE is quite often Real Estate Investments.. especially at a TIME when that was the Biggest Return...

That Happened in Northwest Montana as Well... with Companies Other then Summit 1031... as a Real Estate Broker - Owner I Know... and I have had many Real Estate Sellers Choose NOT to do a 1031 Exchange because of this... I imagine that it happens in many other states and areas as Well.

So to Defame, Discredit, Harass and point the alleged Criminal Finger of Blame at the Principals of the Summit 1031 Company and their "Family and Friends" and to single them out, is not only immoral and unEthical but it is NOT based in Law, Justice, Fact and TRUTH in any way.

The Biggest BLAME Should be on the IRS -and the IRS should STEP up and PAY the REAL Estate Victims RIGHT NOW for their Oversite and mishandling of the ENTIRE 1031 Exchange Industry...

there is NONE or not enough Regulation over the 1031 Exchange Industry, so to Blame those who owned the company for Doing Business as Usual is NOT right.

the 1031 Exchange Industry NEEDS a Total Make Over.

And Kevin Padrick Should not make Summit 1031 Exchange the Collateral Damage in ALL this, when the ENTIRE 1031 Exchange Industry is The Real Problem. His JOB, after he stole the JOB is the Fastest way for the VICTIMS to get their Money Back, with Interest NOT Loss... one way to do this is Possibly to SUE the IRS for their Part in ALL this.

When Summit filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Portland in December 2008, it reported it was owed $13.7 million from Inland.

“The more I think about Inland funds, the more certain I become that without immediate liquidity in the same amount we use, if any word of it gets out we would be ruined,” Lyons wrote in 2005. “I don't necessarily mean immediate financial ruin, but more importantly, our reputations and integrity. That really bothers me.”

So if this is True, and Lane Lyons, Timothy Larkin REALLY thought this was WRONG, unEthical, Illegal in any way... well then Lane Lyons,Timothy Larkin had a duty, an Obligation to Contact the IRS, the department of Justice and to find OUT years ago ... Right?

I am so perplexed, this Red Flag Email alert in the news RIGHT NOW seems to point out that Lyons and Larkins were conspiring to Keep this all a Secret, and that Financial Ruin was not as important to them as their Reputation or Integrity.

That does not really make sense, had they asked authorities back then - they would have looked to have had High Integrity... is the point of the article to Defame and Discredit Lane Lyons and Timothy Larkin OR to Make you Think they were a Squeaky Wheel all along that were not heard and pointing to Other Possibly Fall Guys in the Summit 1031 Exchange Bankruptcy ??
Lyons, Larkin, Neuman and Stevens have not been charged with any wrongdoing.

But Bankruptcy Court documents show the U.S. Department of Justice issued a grand jury subpoena for Summit's records shortly after Summit's bankruptcy filing. The trustee's report also states Summit is under investigation by the FBI and the Internal Revenue Service.

So the IRS is Now Investigating, are you Kidding?

Who are they investigating.. this One Exchange Company... the IRS is Guilty in all this.. had they watched these companies.. all across the land in ANY way... the Real Estate Consumer would not NOW be LOSING everything.

Now they are supposedly so gallant in joining the Department of Justice to INVESTIGATE this ONE incident because gee, this one did not cover their ass so well and lost big money....

What about the Real Estate Consumer doing 1031 Exchanges Right NOW and at this SAME Legal RISK... is there any INVESTIGATION there... ????

“I disagree with much of the verbiage in the report and many of the conclusions,” Lyons said in an interview Thursday. “I worked very hard to alter and stop Summit's practices then, and I've worked since then to repair and mitigate the damages caused by Summit's failures. I sincerely regret my earlier efforts weren't fully successful.”

Ok so starting to Smell a Rat here... hmmm... What? Did Lane Lyons sincerely make earlier EFFORTS to "alter or stop" all this? Are you Kidding??? Did he Call the IRS, the Department of Justice, the FBI .... did he seek outside counsel... did he QUIT.. did he Stomp his Feet and Demand this Supposed Bad Bahavoir "alter or stop" .... What Efforts did Lane Lyons really do.. as he So gallantly tries to NOW stand in the White Light on All this.

Numerous attempts last week to seek comment from the other principals or their attorneys were unsuccessful.

Attention: Andrew Moore - Bend Bulletin, why in the Hell would they give you a COMMENT when you jumble and twist the facts. If you printed with integrity, knew what you were REALLY talking about and reported the REAL news.. the "other principals" would MOST Likely be Readily Available for your Emailed Statement Request....

The Red Flag email that NOW Defames Lane Lyons, Timothy Larkin - and kind of lays them out to further financial ruin, as their reputation was hanging by a thread and NOW Mr. Andrew Moore and the Bend Bulletin has put Lane Lyons and Timothy Larkin's Reputation to Ruin with a Bend Bulletin Article about the now Infamous Red Flag Email that was either leaked to them by a SOURCE...

or was this Email a Private, Confidential part of an FBI File.. that should not have been leaked... Looks like Lyons and Larkins may have a Very Good Defamation Lawsuit here... Just my Personal Opinion.. Unless Lyons and Larkins are Guilty of all that is Implied in this Andrew Moore - Bend Bulletin Article...

In the wake of Summit's bankruptcy filing, creditors subsequently filed more than $41 million in claims against the company, making it among the largest bankruptcy filings to come out of the collapse of the housing bubble in Central Oregon.

Kevin Padrick, the court-appointed bankruptcy trustee who authored the report, also accuses Summit in the report of operating a Ponzi scheme. The sentiment was echoed by Judge Randall Dunn, the Bankruptcy Court judge overseeing Summit's case, who said the company “arguably ran a Ponzi scheme” in remarks at a hearing in Portland last May.

Was Kevin Padrick of Obsidian Finance Really "Court Appointed" or was he Sussman Shank Appointed, Conflict of Interest Appointed, Old Home Week Favors Owed Appointed?

is Judge Randall Dunn REALLY over seeing all this?

Does Andrew Moore know any of the Actual details of the Summit 1031 Bankruptcy, or is he just doing what he is Told? or Paid to Say?

More than a year after Summit's bankruptcy filing, the case continues to wind its way through Bankruptcy Court. It's also spawned a number of lawsuits, including a $30 million suit against Umpqua Bank brought by Padrick in which he accuses the bank of aiding and abetting Summit in the scheme.

Your Bank Account.

What if the Exchangers Money was in the Bank.

And the bank invested in Currency or Life Insurance ... as they Do with your Money.. it DOES not Sit at your Local Bank.. it is Invested in whatever Investment that Bank Deems is Best ... without your permission and Seemingly with NO Real Oversite. .. if that money is put in a bad investment and you lose everything.. does the banker, the bank owner, the franchise owner go to jail - or really have any TRUE accountability ?? or do they just get a Bail Out.. and Then Be back in business as usual and put in a position to do it to you Again...

You go into your bank ask to withdraw say $60,000 ... do they turn it over so you can buy that Cadillac today, or do they make you wait while they scramble to get the money Liquid.

Banks Loan YOUR money to Themselves to Make MORE money for THEM... Banks invest YOUR MONEY at Will ... on Whatever THEY Want.. is this ILLEGAL..?? it is a "Standard of Practice" and has been since the Beginning of Banks.

Our Economy Right now is a Major Financial Train wreck on Every Level. The System has been bilking consumers for a VERY long time and needs fixed, changed, reformed at every single level.

However, the Summit 1031 Real Estate Victims are still on the Train, and many are struggling due to this Loss... the IRS.. the Dept. Of Justice and other "Authorities" and Supposed Industry Watchdogs WHO could Save them are Letting it Happen.

Their Spokesman... guys like Steven Hedberg of the Dept. of Justice and Kevin Padrick an Oregon bankruptcy attorney... whose Job, in my Opinion is Lining their pockets while YOU suffer in vain...

One More Note Here of a ANOTHER Possibly Lawsuit that SHOULD be "Spawned" out of all this ... If all or Most 1031 Exchange Companies do this Same Standard of Practice, in their daily business in ANY way, if it is shown that OTHER 1031 Companies do the same thing and that Kevin Padrick - the IRS - the FBI - the Department of Justice Know this and have not talked about it or factored it in...

Well One Might Say, in My OPINION that the Summit 1031 Company SHOULD File a Defamation Lawsuit, as yes business went bad - they lost your money - many businesses are going belly up right now - so to RUIN the Individual on False Information and making them some sort of Example when the INDUSTRY is still doing this same kind of BUSINESS as USUALL right now TODAY.. this is WRONG and is Illegal...

If other 1031 Companies have been doing this, and still are and the IRS, FBI and DOJ is ignoring it, well then this Defamation, this Discrimination, this attitude of who can break the laws and who can't based on who you know and NOT fact or Law.. ...

Well this may warrant a Federal RICO Lawsuit against the DOJ, FBI, IRS, the Oregon Bankruptcy Trustee, Obsidian Finance, Tonkon Torp, David Aman, Ewan Rose, Steven Hedberg, Sussman Shank, Perkins Coie, Andrew Moore, the Bend Bulletin, Courtney Sherwood, Jeff Manning, the Oregonian and other Major Law Firms, Newspapers, and Players involved in this major financial fiasco that has made Victims of Everybody on ALL sides ... and it did NOT have to Be that Way.

Source of the Quoted Words in Blue Above
and the Full Valentines Day Article from the Bend Bulletin
Andrew Moore - Bend Bulletin
http://www.bendbulletin.com/apps/pbcs.dll/article?AID=/20100214/NEWS0107/2140419/1001/NEWS01&nav_category=NEWS01

Question: Who Owns the Bend Bulletin, who are the Major advertisers to PLEASE, is there a Newspaper Franchise involved, ..... who is the Puppeteer behind the Bend Bulletin that is laying this Well Orchestrated Plan out to Set Up a Fall Guy?

Well We Will Be Finding all this out for Later Posts...

More on the REAL News of the Summit 1031 Bankruptcy, NOT bought and Paid for.... at www.Summit1031BkJustice.com and at www.ObsidianFinanceSucks.com

Got a Tip - Email me at
Crystal@CrystalCox.com

This Post by
Investigative Reporter (Self Proclaimed)
and Investigative Blogger
Crystal L. Cox
Industry Whistleblower

Summit 1031 Bankruptcy, Bend Bulletin Article By Andrew Moore - Kevin Padrick - Oregon Bankruptcy Court Transparency

2010-02-15T19:46:00.001-08:00

Is Andrew Moore of the Bend Bulletin an Investigative Reporter or does Andrew Moore answer to Kevin Padrick or other Big Money Players who stand to financially gain from Andrew Moore's Yammerings....

Andrew Moore - Bend Bulletin - Bend Oregon - On the Summit 1031 Bankruptcy

"" In response, Padrick said in an statement e-mailed to The Bulletin that his role as trustee “is that of a factual investigator and upon finding wrongful conduct that caused damage, the trustee's role and obligation are to pursue Umpqua Bank, the shareholders, and anyone else who wrongfully caused damage to Summit's clients. ” ""

So Kevin Padrick 's Role is to Pursue Himself ?

Because Kevin Padrick of Obsidian Finance in Oregon is the one causing the Damage, the Bankruptcy was Well under way, all the parts and pieces in place when Super Duper Bankruptcy Attorney Kevin Padrick, came in with the Help of Sussman Shank and literally STOLE this JOB.

Who is Investigating Kevin Padrick and how this all came to be?

It seems like no one because they are to busy looking for a fall guy in all this ....instead of STOPPING all Current Unethical, Illegal and Immoral Behavior and Getting the Real Estate Victim back their money NOW... without the HIT by Millions of Dollars in Wages for Harassing Whistleblowers, Emailing Statements, and creating daily smoke screens to justify OUTRAGEOUS attorney expenses, COST paid by the Exchangers who DID nothing Wrong but trust the IRS system of 1031 Exchanges as a way to Exchanges investments Tax Free..

Where is the IRS who convinces people that the 1031 Exchange is Safe YET does not provide that Safety or Regulation of the 1031 industry in ANY way, seemingly ???

Kevin Padrick Claims to be a factual investigator and that he is looking for wrongful conduct that caused damage... this is a Crock, Seriously Kevin Padrick needs a Real Factual Investigator, say the Department of Justice Watchdogs over this bankruptcy, to Actually Factually WATCH over Kevin Padrick.

Oh except for the FACT that Kevin Padrick of Obsidian Finance has Serious Conflicts or Interest with Steven Hedberg and others who are supposed to be watch dogging Kevin Padrick... SO They Won't Question Kevin Padrick, Bankruptcy Attorney - the Oregon Department of Justice Trustee only Provides more COVER for Kevin Padrick to do what ever is Best for Kevin Padrick.

Who is Looking Into Kevin Padrick, Oregon Attorney
of Obsidian Finance for Wrongful Conduct?

My guess is no one dares to for Kevin Padrick IS part of the Oregon Attorney Fraternity and seems to be protected by the courts and law enforcement at EVERY Level of the Oregon Justice System.

We all know what happens if you go
against the Oregon Attorney Fraternity?

So this Mysterious "anyone else" "who wrongfully caused damage to Summit's clients" that Kevin Padrick is supposedly LOOKING so Hard for as in his Alleged Statement sent to The Bulletin, Bend Bulletin -Andrew Moore in Bend Oregon.... well That Elusive Entity IS Kevin Padrick, Steven Hedberg, Sussman Shank, David Aman, Obsidian Finance, Tonkon Torp, the County Attorney in Bend Oregon, the US Department of Justice and all the Names and Players on this Blog... You Don't have to go to far to see who is REALLY damaging the Summit Clients.

But you do have to be able to Read and Think for yourself....

A "Statement" emailed to the Bulletin, are you kidding.. what kind of a Rinky Dink news source is the Bend Bulletin? Are there ANY Investigative Reporters at this News Source?

Can the Writers at the Bend Bulletin Read and think for Themselves or Does the Bend Bulletin just take "emailed Statements" and from there pick and choose what to post for whom, with total disregard of facts or who it hurts.... ???

The Bulletin, Bend Bulletin seems to be pulling out old news on the summit bankruptcy, mixing it with new emailed statements ( where Kevin Padrick is trying to make himself look like the Savior) and then jumbles up information and prints out gibberish ... that is really hard to make out .... or even come to any real conclusions from..

Imagine if Investigative Reporter, Investigative Blogger~ Crystal L. Cox - ME - took every eMailed statement and posted it as news for the World to see.. Many think I do this, however I soooo DO NOT. I Read articles, court cases, talk to victims, read documents and make up my own mind and post words directly from the source with a link to that source.

If Kevin Padrick, in his Multi-Million Dollar heist is emailing some Small Town Newspaper with is "Statement" and that is taken by some Old School Media Reporter like Andrew Moore of the Bulletin in Bend Oregon AS some sort of NEWS or Reputable source, well there is not much you can do about it.. that is like a bank robber caught on film Robbing a bank and then emailing a statement to Andrew Moore of the Bulletin in Bend Oregon and Saying, "I am investigating this Robbery and I am looking for those who committed wrongful conduct, I expect a lead soon" then Andrew Moore of the Bend Bulletin says ... yee Haw an Emailed Statement and puts it in print.. and there you have it.. FACT.

the Real News on the Summit 1031 Exchange is not being bought and paid for, it is out there and if you really dive into the TRUE and CORRECT details of the Summit 1031 Bankruptcy Case you See that Kevin Padrick is not a "Good Guy" in all this, and Andrew Moore, of the Bend Bulletin in Bend Oregon NEEDS to do Some Good Ol' Fashion Reading.

Source of Irresponsible Quote and Kevin Padrick - Obsidian Finance Words of Wisdom at the Link below, as well as the Full Ranger Rick Article by Andrew Moore of the Bend Bulletin about this High Finance "Scheme".

http://www.bendbulletin.com/apps/pbcs.dll/article?AID=/20100214/NEWS0107/2140419/1001/NEWS01&nav_category=NEWS01

More on the REAL News of the Summit 1031 Bankruptcy, NOT bought and Paid for.... at www.Summit1031BkJustice.com and at www.ObsidianFinanceSucks.com

Crystal L. Cox
Investigative Blogger

Is it Time for a RICO Complaint for Hamilton Montana? How about a Federal RICO Lawsuit? Montana Real Estate Scams by Local County Offices ???

2010-02-13T01:17:00.000-08:00

A New Kind of Real Estate Corruption, Montana Style... Clerks of Recorder Changes Deed... WHY? and How bad is this Montana Real Estate Fraud? ... Right out of the Montana County Offices... SHOCKING...

We are Getting Reports of Major RICO Violations in Hamilton Montana ... Do you have any information on this.. The Montana Documentary Called Beneath The Beauty tells a Fascinating Story of Land Deeds Changed, of some Real Estate Fraud Scandal that is VERY Disturbing.. and it looks like more Montana Counties are involved in this Same Activity...

Is it Time for a Federal RICO Lawsuit in Montana?

What would be the Motive of a County Clerk to Change a Deed to “Joint Tenancy”?

Is this Part of a Montana County Clerk’s Job?

What if a Montana County Clerk says No… is their family threatened… is there life threatened .. Are they Subjected to Montana Economic Terrorism ?

Who is this Deed Change Phenomena happening to and why?

How many of you in Montana has had this Happen? Please
Email Investigative Reporter ~ Crystal L. Cox - Crystal@CrystalCox.com
if this has happened to you...

Is this Happening to People who Have No Heirs? Are Real Estate Moguls Stealing the property after people pass away? How are these folks dying? Is there Mortgage or Asset Fraud? What is the MOTIVE of Montana Counties Changing Deeds to Joint Tenants ?

Are they Selling Land to Themselves ?

Why are Montana Counties Doing This?

Since the Documentary www.BeneathTheBeauty.com Came OUT, I am getting Montana Real Estate questions of WHY would Ravalli County Do This Deed Change Scam?

Montana Real Estate Consumers Ask Me What would Motivate the County to do this?

And since the Documentary came out, which has only been about a Week I am already getting Reports of this Happening in Other Montana Counties.

If you know why this happens in Hamilton Montana , or other Montana Towns, who is behind it, or any other details of this Montana County Clerk Deed change Scandal please Email Investigative Blogger ~ Crystal L. Cox at Crystal@CrystalCox.com

Are their Land Companies Involved … Timber Companies ? Holding Companies? What is Happening .. How is this Happening.. Why is this Happening ????

Is Hamilton Montana Above the LAW because of NIH Protection?

What is Really Going on in Hamilton Montana...

Be Sure and Buy and WATCH the Beneath the Beauty Documentary

at www.BeneathTheBeauty.com for this Story and a Whole Lot More.

Montana Whistleblowers Email Your Stories to
Crystal@CrystalCox.com
Crystal Cox Montana

Modern Day Investigative Reporter
Investigative Blogger
for My Montana Investigative Blog Network
Go To www.MontanaMoxy.com

NAR Does Violate Anti-Trust Laws - Every SINGLE Day -

2010-01-28T23:07:00.001-08:00

More Tricks NAR uses to be a Cartel, and MAKE you Join "NAR" or you can't Play

Crystal L. Cox
Real Estate Industry Whistleblower

The National Association of Realtors is a Monopolistic Giant that is Above ALL Anti-Trust Laws, and because NAR Lobby's - Huffs and Puffs and Spends Millions a Year (Literally) Lobbying for what is Good for NAR and Bad for Consumers, well NAR is to Big for the Department of Justice to Really do anything to Fight them.

SO they have to cut deals and create illusions.

Meanwhile the National Association of Realtors
NEVER has to admit that they Really do actively
Violate Anti-Trust Laws Every Single Day..
Non-NAR
Now we now that NAR members boycott members who charge less commission, we know that NAR members boycott local Real Estate Magazines that Allow Companies that want to Market a For Sale by Owner... now these Magazines make BIG Money from Real Estate Companies with Lots of Listings SO the Magazine Does What they are TOLD too, Right?

It Violates Anti-Trust Laws TO not let Non-NAR Real Estate Agents, FSBO Marketing Companies or the Sellers themselves market in local real estate magazines. However NAR is above Anti-Trust Laws, meanwhile those BIG Tech Companies like Intel Corp. and APPLE have to pay HUGE fines seems like every year in order to make deal for the Anti-Trust Violations.

Why is the National Association of Realtors protected from all this?

Who is Protecting NAR and How Much are they Paid to Look the Other Way?

NAR acts like, and the Department of Justice seems to blindly believe, or pretend they do, that Realtors don't participate in Anti-Trust Violations and the NAR in no way promotes Anti-Trust Law Violation behavior in their Agent, "Realtors". Yet along with Magazine Boycotts, Boycotting agents that charge less, and blatant "Standard Commission" Practices that REALLY Do happen.....

We also have the, Well if your not a "Realtor" "NAR" member - National Association of Realtors Cartel Member TELL non members they won't show their listings because they are not guaranteed to get PAID - this Greedy behavior ... promoted by NAR is Flat Wrong, and designed to AGAIN force us to be NAR members... the "REALTORS" can show our listings they just won't - all they have to do is submit a Commission Agreement with the Purchase Agreement - that Simple Happens all the Time... yet NAR members tell their Agents and Yammer about it in groups that You won't get PAID don't show her LISTING... WHAT?

Flat OUT Lies brought to YOU by the National Association of Realtors !!!

Now on Top of this THEY make it Almost impossible to SHOW their listings because they are often to Busy to accompany you if your a Buyers agent, which is Really in the Sellers best interest because the Seller's Agent - so they won't go open it for you - or go get the key from the lock box so you can use it - you can't get a "Supra Key" the Magic "Realtor" key if your not a Member - so yet another way that NAR promotes Monopolistic Behavior and Pushes out Real Estate Broker that ARE not Members of the Realtor Club.

This is AGAINST the Law of the United States of America
and the National Association of Realtors is Above those Laws.

Crystal L. Cox
Real Estate Whistleblower
Crystal Cox Blogger

Corrupt MLS Data - in Which the Entire Real Estate Industry and Secondary Loan Market is Built on

2010-01-28T20:30:00.000-08:00

Crystal L. Cox - Ex-NAR Member .... Says the MLS Data is NOT Accurate or Policed for Quality in any way... this Data is the Foundation of the Secondary Loan Market - Economic Collapse..

People with Great Credit and Good Jobs are walking away from their Homes. WHY? well because they know they will never Sell it for what the Fake Real Estate Market SOLD it to them for. So these folks are letting the banks take the property back and they are renting places for half the price.

The Real Estate Industry is Broken and the Banks are Rewarded for their part in the Collapse and NAR - well no one seems to get the IMPORTANT role that "Realtors" MLS Data Place in the financial market - the Real Estate Industry is the FOUNDATION of the Banks, the Economy... and Allowing Prices to Rise Just to Get Deals Closed is Fraud on the Real Estate Consumer - and yet the Consumers are the ONES Losing everything - NAR is business as usual and the Lending Industry has NO Accountability to the Real Estate Consumers Losing Everything.

HELLO why are No Fingers Pointed at NAR ?

There is No Governing Entity that can HOLD the National Association of Realtors accountable for the Lies they Tell. The MLS, the National Association of Realtors created the False Real Estate Market with Corrupt, Un-Regulated MLS Data, this Data was used by lenders to give loans for Way More then property was WORTH, the Lenders knew it was happening and turned a blind EYE - oh well they get a bail out - the PUBLIC - you.. the REAL Estate Consumer Who Did not KNOW - well you get to Keep them in Business.

STOP the MLS Cartel,
STOP NAR from the lies they tell and the lack of accountability for Good Data that YOUR financial industry is built on. STOP NAR from not holding Realtors accountable for Fraud and LIES. HOLD the National Association of Realtors President, Assocition Board, Economist Accountable for their FLAT out LIES and Propaganda EVERYWHERE that Gives Consumers FALSE Confidence and Encouragement to Buy in a Market that was HUGELY over inflated by False MLS Data and Unscrupulous Lenders with the HELP of Mortgage Broker Lies and Pressure to Close a Deal with the Help of Appraisors and Realtors....

a Seriously Broken System - the Real EstateIndustry Needs a Total Make Over
Crystal L. Cox
Real Estate Broker Owner
Ten Lakes Realty
www.BrokersZone.com
Crystal Cox Eureka

Sellers Contributions or Kick Back of Any Kind is Mortgage Fraud, Banking Fraud, Tax Fraud and Creates a FALSE Real Estate Market.

2010-01-16T16:09:00.001-08:00

Sellers Kick Back - Sellers Contribution at Closing - Sellers Cash Back

Sellers Giving Buyers Money for Any Reason Creates False MLS Data, and is Fraud on the Banking Industry, I don't Care what your Realtor tells you....

Still the Banking Industry with the Help of the Realtors and I Guess the Mortgage Broker are Convincing Sellers that it is Ok and Legal to to Participate in "Sellers Contributions" or other ways that a Seller Ends up Giving a HUGE amount of Money back to the Buyer.

Oftentimes it is done Like this and The Mortgage Broker Calls it a Sellers Contribution.

The purchase price is Say $200,000 and the offer Comes in at $215,000 and the contract says that the Seller Will Contribute or whatever Wording works good in your area, it is still the same meaning... the Lender takes this as the Buyers Down Payment so they can FORCE the Buyers Loan THROUGH when Really the Buyers Does not have a down payment. Oftentimes this is even given back as Cash the Same Day as Closing, Flat Out CASH to the BUYER and the REALTOR tells the Seller it is Legal. Wonder if the Realtor Gets any Kick Back from Deals Like This? Anyway...

the Lender KNOWS, because the Lender Sees the Buy Sell Contract, they know that the BUYER does not REALLY have the Down payment, so what do they do CHANGE the Contract to Submit it to their Loan Approval Department ?

Appraisers Know, because most ask me for a Copy of the BUY - SELL so they can then make an Un-Biased Objective Market "Opinion" on the Value of Your Home.

So it is Just Matter of Fact, and No one Seems to Be Concerned, or Was ever Concerned that it was Creating "Values" that were not real and people were paying Higher and Higher Prices based on FALSE - MisLeading SOLD Data.

The Motivation - greed of course because these Middle Man Lenders, Mortgage Brokers that Deal With Lenders that Deal with Banks and on and on, often times they Get Commissions for the Life of the Loan which Can REALLY ad UP. The Realtor who pushes the deal gets the One Time Commission... well more on that later.. (there are oftentimes other kick backs)

Sellers Contributing Money to Buyers so they Can Get a Loan is Bad for Comparable SOLD Data, it is Bad for the Fraudulent Bank Loans that Put the Homes Value quite a bit higher, it is Fraud on the banking industry no matter how you look at it, it is Bad for the Seller as they Pay Capital Gains Tax on this Money - most won't mind because it is included in their Free Equity with the Capital Gains Exclusion - which is Still Fraud on Someone.

There is no Rational way to Say it is OK, it is Simply NOT the SOLD Price, and it makes the SOLD Data Wrong which affects the Next Sale. It is FRAUD, no matter what anyone is telling you.

If the only way a Buyer Can Buy a Seller's Real Estates For Sale is if the Seller Fakes a Down Payment so the Lender thinks that the Down Payment is Coming from the Buyer and will therefore give the Loan, Well then the Buyer Cannot Afford the Property and Will eventually Lose it Anyway.

From the Seller's perspective, many take the Deal because they NEED and Want to Sell and they don't worry of the Tax because it is Tax Free money anyway. So the Buyer gets the Property with no money down, and NOT with a NO Money Down Loan... the Lender makes it look like there is a Substantial Down Payment.

Still in 2010 this is Going on, after Trillions in Bank Bailouts Due to the Fraudulent Secondary Loan market, Still the Realtors are in the Field Bringing Contracts that Make it So the Buyer is Getting their down Payment from the Seller. And Shocking but I am Getting Reports that not only is this going on for Down Payments but to actually give Cash Back to the Buyers.

And the Realtors are Telling the Sellers that this is Absolutely Legal. You see the Buyer gets this money the day of Closing, so what in the World would STOP the buyer from taking the Cash Back saving it, staying in the home til' the bank throws them out.

Then After months of Free Rent when Foreclosure finally happens - the Buyer just walks away, Cash Stowed away and Money Ahead. Or the Buyer may use this money for the payments for awhile til' the get on their feet per say. The thing is, that Buyer Could not afford the Home. And this Real Estate Transaction Scenario is bad for the Real Estate Industry and Should be Regulated.

And it all Originates with the Realtor pushing the Deal on the Seller so the Realtor Gets Paid, Now it looks like the Seller gets Paid too. The thing is, in the long run the bottom of the Game Falls out, because it raises the VALUE in the MLS Data and the Next Person to buy, say the house next door, the Appraiser does not know to Compensate 0r Change the Data on SOLD information to "Correct" for a Scam that he did not know about.

So we know that the Seller is Liable for the Extra Money they did not really get, because the Tax Man looks at the Settlement Statement and you Pay based on the Selling Price. Now if there is a 1031 Exchange involved, where does this leave the Seller Kick Back Scam. Well then I guess it would be some sort of Tax Fraud.

Because your Exchanging the $200,000 you REALLY got, but the Paperwork says you Got More then that... how do Realtors Explain that to Sellers. It looks to me like the Realtor just gets loud and Says it is Legal and the Seller Sits down and Shuts up...

Now What about the Buyers Tax Consequences in this Situation?

Well when the buyer goes to Sell the Property. They Paid $215,000 - yet they Really Paid $200,000 so if they sell for $215,000 they have no gain right? But in Reality they Really Do have a Tax Gain. And this is Legal to the Realtor, to all who let this Contract go through... which would include the Title Companies, the Lenders, Banks and Mortgage Brokers?

Also what about the Buyers Income Tax, Well they were Flat out Given $15,000 and they won't claim it because the Seller Claimed it and it was Tax Free, if it was Capital gains to the Seller and not part of their "Exclusion" well then the Seller Paid the Buyers Tax based on Capital Gains when Really it was Income and Income to The Buyer.

Does the Realtor Disclose to the Buyer that when they Sell, their Tax base is $215,000 and not $200,000? From what I see when this situation arises - no one explains - DISCLOSES any of this implications of all of this To Anyone.

No one is Policing the Real Estate Industry, the Ground Level where the real corruption and problem is No One is Looking. And well the Players at that Level they are Just trying to Make a Living and they don't get paid for their Hard Work unless there is a Closing.

So the Pressure To Close the Deal Surpasses the Integrity of the Deal and the Protection of the Consumer gets lost along the way. Meanwhile, the False Values and MLS Data increasingly Becomes False and then SHOCKING now people have loans for more then their real estate is worth. And the Lenders that allowed this Fraud - that Blatantly Allowed Appraisals to Come in High and that allowed Sellers Contribution that Created the Market Collapse - they Get a Bail Out. The Home Owner should Flat Out Get a Debt Reduction.

Lenders, Banks, Local And Federal Governments are Ignoring this is Fraudulent Behavior that affects every aspect of the Real Estate Industry.

This is Fraud Against the Stock Markets based on the Secondary Lending Market, which Let's Face it the Entire Economy is Rooted in the Real Estate Industry and without integrity there, without real values and The Controlling of False Bubbles a Collapse is Un-Avoidable. Never think they did not see it coming, they created it and the socked away plenty of Money for the Cartel at the Top of the Lending Industry.

Realtors in All this, well they Do the Dirty Work. And most just want to Close the Deal and do not look at the big picture of what it is doing to the market. The Realtor, as does the other parties to the Transaction, they just want a pay check.

IT is up to the Regulators of the Real Estate and Lending, Banking Industry to STOP this madness and even in an Economic Collapse and Real Estate BUBBLE Big Time Burst, this Stuff is Still Going on. Oh wait there is No Regulators... and the "Voice of Real Estate" THE " National Association of Realtors" well they don't care and they are NOT interested in Lobbying for things that actually HELP the Real Estate Consumer.

And the Realtor in all this, is Telling the Sellers it is Legal, and So is the Mortgage Broker. And the Realtor is NOT disclosing the Tax Consequences, the Mortgage Fraud Aspects and simply pushing the deal through.... even Right Now Today...

The Real Estate Industry is Broken and NEEDS a Complete Makeover - RIGHT NOW....
National Association of Realtors, SEC Violations, Anti-Trust Violations, RICO Lawsuit.
More on my Yammerings on the Real Estate Industry at

R
www.RealEstateIndustryWhistleblower.com
and

www.RealtorSucks.com

National Association of Realtors, Sellers Contribution

Jeff Manning - Umpqua Bank - Summit 1031 Bankruptcy and YOU !!

2009-12-27T13:41:00.000-08:00

A Slide of Hands by a High Profile Reporter and You are Duped.

Don't Wake up Yet. There is Still some Ruckus Going on and Plenty of your Money to be had. so the Media needs to Keep you in the Dark, put up a Smoke Screen and Create a Huge Illusion until all YOUR money can be Successful Drained from your US Bankruptcy Court Hoax.

These High Profile Bankruptcy Cases have some Things in Common, they Control the Media Like Jeff Manning's Twisted perception of Reality on the Summit 1031 Bankruptcy. These Cases seem to have banks in on their little Game, such as Umpqua In this case.

See, just as the JP Morgan case and the 20 year bankruptcy case turned into hundreds of millions of fraud... if the banks seize notes, or do some Slide of Hand to Work with the Trustee, then guys Like Kevin Padrick and his Cronies WIN.. the Bank Cartel ... well they win too and YOU the Real Victims, the Creditors, the Real Estate Consumers.. Well YOU LOSE !!

Possibly Kevin Padrick has something on the Umpqua Group... or Possibly there is Big Money and Side Deals, or Maybe Obsidian Finance - Kevin Padrick threatened to NEVER release the Properties the banks need off the books unless the Bank plays along. Oh but was Umpqua asked to Lie about Summit 1031 and Did Umpqua REFUSE... just speculating of course.. and so did Kevin Padrick have to Summons Jeff Manning for Christmas Eve Smackdown... ( Just Speculating again Of Course) ... and did Jeff Manning Conjure up some Investigative Reporting to make Umpqua look Bad and Summit Look Worse to Keep you off the Scent of Your Money ?

The other thing in common with many of These High Profile - Big Dollar US Bankruptcy Court Proceedings is that there is no real investigation as to where the Creditors, the Real Victims money really is... The Department of Justice seems to really be fully Duped into believing that their US Department of Justice Bankruptcy Trustee is Ethical, and Really is acting with the Highest Fiduciary Duty... when What I am seeing is in Reality That is Just NOT the Case.

YES it would not be in the Courts Hands if it were not for some business phopa or corruption within the original company that went bankrupt. However bankruptcies happen all the time.

Surely there is a Checks and Balances system somewhere that would keep the corruption to a minimul and surely there is some Watchdog Procedure in place to make sure that the US Dept. of Justics Trustee involved does not have a conflict of interest of some kind and that they are Really Acting with the Best Interest of the Creditors in Mind....

From what I see the Corruption, the Pay Offs, the HUGE hourly wage, the Real Estate trade offs, the Side Deals, and the Cronism on Steroids, and the Corruption in the Bankruptcy Attorney Fraternity .. Well it is All Legal in the US Justice System so Sit Down and Shut Up.

Never assume that Umpqua is innocent, with the article I am going to post below, note that Jeff Manning is really looking like he is protecting those who are REALLY getting the Summit 1031 Exchange Bankruptcy Money ...

Jeff Manning Seems to want the Summit 1031 guys to stay in the limelights as to distract you from the Real Players using your Money RIGHT NOW to make their lives better while you suffer.

While Obsidian Finance, Kevin Padrick and his Cronies seize your property, tie up your money, and Pay themselves incomprehensible amounts of money to do it.. well guys like Jeff Manning would have you believe that Obsidian Finance is just doing their job, and that it is all the Fault of Summit 1031.

Jeff Manning wants Umpqua to "tell on" the Summit 1031 boys in order to see them hurt more by all this.... the thing is Summit 1031 Went bankrupt, it happens, businesses do that .. don't loose site of Who Really has Control of your money and has had for around a year now.

The first time I had a client turn their money over to a 1031 Company and that company tell them they had to leave the money their for 6 months, and that the client got no interest, well I was certainly not impressed at the lack of Consumer Protection in the 1031 Industry. Just as all the ENTIRE real estate industry, there is no real oversight, no really consumer protection of ANY kind and No Way to STOP the Powers that be from Running Over, Violating, Lying to and Walking all over the Real Estate Consumer.

The Point? Well STOP all the 1031 Companies from being able to do this. Use a Friend for a 1031 Exchange, Lobby to Change IRS Laws, Complain to the IRS... Do not sit there and persecute ONE Company when they are ALL doing it. They all make money off of your 1031 Exchange and Really Changes need to Be made in the 1031 Exchange Industry as a Whole.

On that Subject, Shame on the 1031 Companies Out There RIGHT NOW marketing the Demise of Summit 1031 and Saying How Much better they are and THEY would Never Do that.. BULL .. Do not Believe that Gibberish... The 1031 Exchange Industry is Out to Get you.. the IRS allows it.. it is just the way it is.. you have to know more about it all, change laws.. it is a Much Bigger issue then the Summit 1031 Bankruptcy - this is just bringing issues to the light..

The Point of Jeff Manning yammerings on the Summit 1031 Case and Trashing Umpqua is to Keep you Fired up and hating the Summit 1031 Company. This is Part of a Big Media Trick so that you don't really see whose bank account YOUR MONEY is ending up in.

And so that you won't even care that your property is being unjustly tied up and that millions are charged for attorneys to screw you over and well they get 5 years to do it. Cha Ching.

I am betting that you, the Real Estate Consumer is smarter then this. I am betting that you can see what is really going on by looking at all the proof, all the documents.. and that you will soon STOP pointing the finger at Summit 1031, and Get active about Getting your Money back Right Now...

Summit 1031 is out of business, they are bankrupt, it happens every single day of the year to someone. Get over it... Get Your Moxy up and Fight for Your Money... months go by, a year goes by and instead of joining the fight to STOP Kevin Padrick - Obsidian Finance from Draining your Money... instead of Demanding Accountability from the US Justice Trustee - and instead of demanding a Real Investigations as to What Happened from the MOMENT that Summit 1031 Went Bankrupt .. you Seem to Want to Focus on the Alleged Crimes of the Summit 1031 Owners.. and this is Exactly what "THEY" want you to do .. in order to take the pressure of them and Your Eyes of Them as they REALLY pocket your Money..

Umpqua is certainly NOT innocent, ALL the banks - lenders and the Entire secondary mortgage industry got Greedy, Very Greedy... Real Estate Values were FAKE, the Bubble was falsly growing daily .. monthly and the FALL well Predictable by them.. of Course.. they let appraisers bring in values of homes for at LEAST 10% more then they Knew the home was wort... Read Confessions of a Mortgage Broker - Confessions of a Sub-Prime Lender... All these Guys were in on it and the Real Estate Consumer Paid the Price and Continues to Pay the Price.

This SHOULD in NO WAY distract you from the Corruption Allowed in the US Bankruptcy Courts. Try and Not look at what Jeff Manning is Selling you, look beyond your hatred for those who lost your money and look at How Much Money, Bonds, and Insurance was available from Day One. And the Facts of What has Happened Since.

Look at how the Court Appointed Trustee changed when HUGE Dollar Signs started entering Kevin Padrick's Dreams.. .. Who appointed Kevin Padrick, who was out of town at the time, what US Trustee has looked the other way and what PAST connections did they have with Kevin Padrick.

With the Right Connection in the US Bankruptcy Trustee System you Can Move Money, Steal Money, Pay outrageous hourly wages, seize and trade properties, make unprecedented side deals and create more money then the Summit 1031 boys ever imagined... and all you need to complete your Creditors Hoax is a US Department of Justice Bankruptcy Trustee On your Team Somehow - Connected to you or PAID by you in Some way and your Illusion of Grandeur is Complete and Fully Lacking in Accountability on every Level of the Judicial System.

When you actually Read Documents upon Documents of Proof, watch the videos of Secret Closed Door Meetings and Really Put all this Together You begin to See a Real Pattern of Corruption, and from what I am seeing and information sent to me, this is in Bankruptcy Courts across the US and is Certainly Not Limited to Oregon Bankruptcy Courts. This Leads me to Believe that the Real Nationwide Problem is the Accountability at the US Department of Justice. Otherwise How can this stuff continue to go on Decade after Decade?

Crystal L. Cox
Real Estate Industry Whistleblower

***********

Note: You know what Pays Big Media Bills Better than those HUGE Ad Dollars? Hmmm.. Let Me think... Could it Be the Actual Buying of the News itself... ?? Just Things to Think About.

**********

Another side Note Here, a Question Really...

I don't much like my Father, he and I well we never really saw Eye to Eye on anything.. he was simply mean - and in no way someone that I would ever want my Tastes, my Morals, My Judgements based on .. and Like many of you I have borrowed money from my Father over the years, once for a car and little things here and there in my 20's and well I Never Once asked him where he got the Money nor Did I even Care...

You see many of you out there have fathers that think for themselves, that act without your permission or even your influence ( SHOCKING). And many of you would never EVER want me to write a piece on you, or anything about your life that claimed you were a certain person, believed a certain way or that you were Lying or twisting Reality just because your Father Made a Business Mistake... or Really because of any move your father made or word he spoke.

Should any of You Discredit the Amazing Investigative Reporting, the Extremely Detailed Account of all this with Tons of back up Data ... that Stephanie Studebaker-DeYoung has Fully Laid out of for you at www.Summit1031BkJustice.com - Well then You are Missing out on the Detailed Facts of This Case and You are Blinded by a Reality that is Not Based in Truth.

READ - Think - Gather your Moxy - stand in the Truth and Fight Kevin Padrick, Fight the US Trustee in on all this and Ask More Questions.. Such as who is on the Creditors Committe.. how did that happen and why.. who is in first place for money.. who has already gotten relief... Speak up Creditors... The Illusion is Almost Complete Now and the Only thing Between you and your MONEY is Your Voice.....

$$$$$$$$$$$$$$$

Here is the Jeff Manning Twist of Reality for you To Chew On.

" Judge releases report on Bend real estate case

By Jeff Manning, The Oregonian
December 24, 2009, 6:33PM

Umpqua Bank knew as early as March 2007 that the owners of Bend-based Summit Accommodators were diverting millions of dollars from their clients' accounts to fund their own real estate projects, according to a newly issued report by the court-appointed bankruptcy trustee.

Rather than blow the whistle on what may well turn out to be one of the landmark criminal fraud cases to come out of Oregon's real estate crash, Umpqua kept quiet, continued to reap substantial dividends from the large deposits Summit offered and helped finance some of the real estate projects with $6.3 million in loans, the report claims.

The trustee's report was released by U.S. Bankruptcy Court Judge Randall Dunn Wednesday after the bank fought to keep portions of it secret. It reveals much about the relationship between Umpqua and Summit, including the fact that Umpqua's most senior executives for months considered whether the bank should buy Summit outright.

In the end, bank officials opted against such a deal, suspecting they were being played as "suckers," according to the report. That proved a shrewd move for Umpqua, but it didn't do anything for Summit's unsuspecting customers.

"Umpqua knew that other 'suckers' were readily available: namely (Summit's) new exchange customers who were being signed up and whose money was being put at risk," said Kevin Padrick, the Bend-based trustee, charged with returning as much money as possible to Summit's former customers. "While these 'suckers' unknowingly took the risk that Umpqua Bank was unwilling to take, Umpqua continued to profit by providing services that allowed the (Summit) shareholders to continue their scheme."

Padrick filed a civil lawsuit against Umpqua last summer claiming the bank aided and abetted money laundering.

Umpqua vehemently denies those charges and it fought hard to keep portions of Padrick's report under wraps. John Spencer Stewart, a Portland attorney representing the bank, said repeatedly in U.S. Bankruptcy Court that the Umpqua documents Padrick sought to release were more "strategic" than illuminating.

"They're intended merely to embarrass the bank," Stewart said.

Umpqua has so far succeeded in keeping a host of internal Umpqua documents, that Padrick had hoped to include with his report, out of public view. The battle over the release of the internal bank documents will take place in January.

Summit was a so-called facilitator of 1031 tax-free exchanges, a hugely popular tax strategy. It's role was simply to hold their client's money while they concluded their property exchanges.

Summit moved much of its banking business and more than $15 million in deposits to Umpqua in 2005.

"WOW!!! What a day in Central Oregon," former Umpqua President David Edson raved in a subsequent email to his Bend-area managers. "Keep the pedal to the metal and we'll own Central Oregon."

The relationship grew closer, beginning in May 2006, when the two sides began talking about Umpqua buying Summit.

The talks were still going on 10 months later. On March 2, 2007, the Summit principals met with Umpqua executives, including CEO Ray Davis and Edson and others.

In a memo to the gathered bankers, Summit executive Lane Lyons delivered a bombshell. Instead of holding its clients' money in highly liquid short-term accounts, Summit had invested about 17 percent of it in a variety of "local real estate ventures and businesses."

The investments "allowed Summit founders to build substantial net worths ..." the memo stated.
The Lyons memo disclosed one more bit of big news: the real estate investments had put the company in a cash-flow pinch. Summit proposed that an acquisition or injection of capital by Umpqua could solve that problem.

Some Umpqua executives were underwhelmed with Lyons' pitch. Brad Copeland, Umpqua chief credit officer, said in an email, "This is just nonsense and the guy is clearly desperate."

It's not clear how serious Umpqua ever was about acquiring Summit. The two sides had periodic meetings as late as the fall of 2008, when the real estate crash was well underway and Summit executives desperately tried to fend off disaster.

By late in the year, some bank officials were speaking the obvious -- that linking up with a company that for years had been helping itself to its clients' money was a terrible idea.

Bob Campo, a bank employee, predicted in a Dec. 6, 2008 email that Summit would get mired in civil litigation if it failed to produce its customers' cash.

"Do we want to be even on the periphery of this world," Campo asked, "much less enter into some of equity position that may entangle us in their business issues?"

But Umpqua already was entangled to some degree. It had loaned more than $6 million to various individual real estate projects headed by Summit principals and it was earning nice profits on Summit's deposits, which ultimately grew to more than $78 million.

Thirteen days after Campo wrote that email, Summit filed for bankruptcy. Customer lost $29 million, Padrick said.

"I'm sure glad we didn't get into bed with these guys," Copeland said in a subsequent email to bank CEO Davis. "I suspect there are some significant fraud issues involved and our records will be subpoenaed. This will probably get very ugly."

Jeff Manning : 503-294-7606 "

Link To Full Article and Source:
http://www.oregonlive.com/business/index.ssf/2009/12/
judge_releases_report_on_bend.html

Umpqua, Jeff Manning, Kevin Padrick, Obsidian Finance