Plaintiff’s filed he judgment and finding of fact against Silar and apparently, 15 days were to pass before entry of the judgment.  Judge Jones jumped the gun, signed the order triggering an emergency motion to vacate the entry of the judgment. Perhaps it shows just how fed up with this case Jones has become.

Some testimony was not taken in the lengthy proceedings that have dragged on over several years. Certain insiders were skipped by attorneys that could have had some real clues as to how USA and its officers viewed the company.  In a recent discussion with a former employee of USA–who was also at several meetings when Milanowski and Hamilton recruited sales agents–Milanowski referred to his company –at least a year before the bankruptcy as being the “dark side” of the investment world.  — Rarely will the real truth come out in pieced together depositions since most insiders hide the truth.  It may however, come later, when this case is resolved and in time (after the statute of limitations) and make interesting reading in a case where there were some many devious players they are  difficult to count.

 the June 9th transcript where several post trial motions were considered.  The results: LA county was invited back to court to again be denied relief by Jones on property foreclosure for taxes since the property was worth far more than taxes due.  What?  Don’t disagree with the ruling Judge but why waste time  with another hearing costing creditors of ARC money and time when you knew you would deny it. Also, why didn’t you cross examine Justus (DACA) on their agreement to pay the taxes after the DLs, sold out?  You ordered mediation—for what?  Justus agreed to pay them not dance between the raindrops.

Now on attorney fees— How can you grant atty  fees when they are not in six agreements?  How can you deny an evidentiary hearing on atty fees (which you admitted was post trial) and then blame counsel for not dealing with  the issue at trial or for that matter  not consider  evidence of the LSA introduced during the trial which state the fees provisions one way or the other?  Strange.   Also shouldn’t the fee issues be on a Plaintiff by Plaintiff basis based upon their own LSAs and not loan by loan? — You also raised statute of limitation issues on the 210 case which you created by not allowing the DLs into the 892 case for a final resolution. 

Regardless of result, and it is clear that some DLs clearly were entitled to atty fees, but  the whole sale allowance without considering individual judgments, stretches the imagination.  Obviously GW believes that if Silar would have had the right to countersue and cross examine the Kehl’s — DLs could have benefited more than the twisted judgment which shares the bulk of the recovery with the Kehls.

Time to answer the 210 case has been extended to 8-22-11 for apparently all Defendants including Silar, et al.  Also, BB after having all hell break loose from certain GW clients has removed some as Plaintiff’s in the 210 case.  GW still asserts that many of the DL clients don’t know what is going on and do not know that they risk their personal assets continuing with a lawsuit which has no merit against many Defendants.  (our view of course).  This garbage suit names several people that decided they wanted out and now it would appear that BB is not that enthused about pursuing the matter.  If you think the complaint is messy now, wait until you see the third party and counterclaims asserted by the Defendants if this matter continues.  From GW’s perspective, those GW clients are excluded from any GW settlement and are now targets of any counter-claim for abuse of process and other appropriate relief—- should this case go forth.  It might be wise to now have laymen write BB press releases which over-promises results in what will certainly become an issue when and if a settlement vote is solicited.

GW last summer disclosed to the FBI a scheme to steal senior citizen funds by a hard money lender which was designed to facilitate the transfer of their retirement IRA accounts from various financial institutions to a promoters trust company where by his related company used those  self directed IRA funds for shaky  loan deals.   The seniors didn’t know about the common ownership (of the trust company by the promoter)  nor did they suspect anything was wrong.  GW developed the scheme, turned over two volumes of records to the FBI and warned them of impending disaster for seniors that were being taken advantage of with these IRA transfer schemes.  This sophisticated scheme involved various get rich quick seminars with hard money lender “plants” in the audience, ready to invest the seniors money for them.  The company and the promoter will be indicted we are confident and they have made the news recently for their involvement in insolvent, bankrupt companies and their efforts to hide ownership in related newly formed lending companies after having lost their mortgage license.