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howiewine May 07, 2014 at 09:48 AM
Records show House was involved with Madjlessi for years, perhaps as a sub-contractor. He was aRead Morename d party in a lawsuit in San Francisco in the 90s. He also had an LLC set up for presumably by Lonich with an address of Redding where Lonich was living and scamming on the Tierra Oaks deal.
Ralph Hutchinson May 07, 2014 at 10:47 AM
Looks like Panama was one offshore location monies were squirreled away to.
Ralph Hutchinson May 07, 2014 at 10:49 AM
Why don't they mention House's name it's no big secret.
Rock Fan May 12, 2014 at 12:34 PM
Ralph Hutchinson May 13, 2014 at 01:43 AM
You like that video Rockfan? There were about 40-50 of those floating around once told all kindsRead Moreof aspects of the coverup and fiasco. Too bad they are gone.
Rock Fan May 13, 2014 at 06:42 AM
I hadn't paid much attention to the case until about 18 months ago . The video , as humorous as it Read Morecan be , does show how somebody can be hoodwinked into listening to BS from guys like this .
john myers May 09, 2014 at 10:33 PM
Oh, by the way the new studios are quite nice. Much better than the old one. Come up from LARead Moresomet ime and we can do a live interview anytime you want...if you Ever leave LA. All topics are open for discussion. Then maybe you can write the truth about something for once.
Ralph Hutchinson May 10, 2014 at 12:03 AM
How about I just call in. Can't wait you say any topic open for discussion wow. And who are youRead MoreJohn to grant such a wish?
Rock Fan May 13, 2014 at 06:54 AM
Well , there was a foreclosure and they did move .Seems to be true . Sad that it didn't work outRead Morebet ter , but it's pretty tough to have popular programming on a shoestring budget .
howiewine April 22, 2014 at 03:18 PM
Unless there is a swiss bank account with Sean's name on it he is a dumb, sacrificial lamb for aRead Moresch eme to recklessly expand the bank's loan portfolio. Whether they did this to boost the bank's value to sell it is an open question.
Ralph Hutchinson April 22, 2014 at 04:02 PM
Well its not much of a question because insiders have told us that Gary Findley well knownRead Moreconsultan t came to strategic retreats and counseled the Board on incentive programs and growth strategies to increase shareholder wealth in an effort to pump up the bank in preparation to sell. This strategy launched out of area lending, lending to concentrations like Madjlessi, swinging for the fence making larger dollar loans and the like. It's not likely Findley told them to do all that it rather that execution plan was created by the board. Findley likely provided a framework and strategy. This is again why the Directors bear significant responsibility and Cutting and Melland in no way are Patsy's acting alone.
Ralph Hutchinson April 22, 2014 at 04:06 PM
Insiders also said that directors like Sangiacomo said he knew Mel Switzer was wrong and he wasRead Moreconc erned about the direction but he just couldn't bring himself to vote NO or raise question because he was a long time friend. As a former Federal Regulator I'm appalled at that stance as an outside director is supposed to do just that...question insiders. Cronyism again at play.
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