tag:blogger.com,1999:blog-12703782.post7582585127183206967..comments2020-04-11T03:30:02.282-05:00Gary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-12703782.post-63914526433506217582009-12-09T09:45:09.392-05:002009-12-09T09:45:09.392-05:00Ggod points, Erich. That March IBJ article was just one of several negative articles the IBJ has written on Durham over the past several years.Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-60143202035012952732009-12-09T09:09:13.457-05:002009-12-09T09:09:13.457-05:00Cellstar was sued over its purchases of receivables from Fair Finance earlier in 2009. Fair Finance&#39;s offering circular states the company sold receivables to Cellstar because Fair Finance was in financial trouble at the end of 2008 and early 2009 (though Cellstar shareholders were of course told they were simply a good investment, despite a worldwide panic).<br /><br />IBJ wrote its article about the purchase of receivables in March.<br /><br />The county prosecutor ignored these warnings and joined the board of Fair Finance.<br /><br />The next story is why Ohio allowed these offerings. Fair Finance violated its guidelines. The Dec 3 letter raises several issues, including the amount of related loans and debt to equity.<br /><br />The OH law appears to allow offering without audited financials, but the Department is requesting them now. Is it normal for an issuer as large and active as Fair Finance to not be asked to provide audited financials?Erichhttps://www.blogger.com/profile/08035423958765762616noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-30185809974378515972009-12-08T12:09:13.464-05:002009-12-08T12:09:13.464-05:00As I understand it, he put something up on his facebook account. He also did the interview w/ Abdul, another close friend of his.<br /><br />Two quick observations: Brizzi again avoids objective or critical news interviewers, controlling the questioning by choosing the questioner, his own close personal friend. <br /><br />And, glad Brizzi figured out (with help) that he can&#39;t use MCPO resources to keep responding to his personal matters without violating the law. But don&#39;t worry Carl, the ethics complaint is on the way.karma09https://www.blogger.com/profile/18055974828038946339noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-78087404018590742522009-12-08T01:18:17.524-05:002009-12-08T01:18:17.524-05:00If it&#39;s an open letter to his friends and supporters, how did you get it?POPAhttps://www.blogger.com/profile/00558836541249077077noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-90782105776707747622009-12-07T21:57:10.251-05:002009-12-07T21:57:10.251-05:00It&#39;s an open letter to his friends and supporters.Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-76088253262608752132009-12-07T21:42:51.830-05:002009-12-07T21:42:51.830-05:00Who was the letter written to?M Theoryhttps://www.blogger.com/profile/01892309818226431745noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-9951476065371864752009-12-07T17:32:36.317-05:002009-12-07T17:32:36.317-05:00Does this mean some white collar folks might get investigated locally and have to answer for their illegal activities through the Marion County Prosecutor&#39;s office trying and convicting them ?<br /><br />God knows he has a pile of them waiting!I knowhttps://www.blogger.com/profile/14837535454387104930noreply@blogger.com