The Indictment
4. Bankruptcy Indictment
Conspiracy
My wife was asked on the stand if she was aware of the sale of the F & S Ventures Inc. property. She stated not to her knowledge. This is a true statement – that loan was provided for restructure. My wife nor I would have ever released a storage with $144k/yr income for $189,000. Who would??? We were in wonderful financial shape before McGuire’s deal and had perfect credit.
Sommers first referred to my Crown Financial loan, but then started calling it a sale. David McGuire of Royal
Oaks Bank orchestrated this transaction with Crown Financial (Dick Tribe) with my 11.323 acre storage known as F & S Ventures Inc. as collateral. This was always called a bridge loan by McGuire and Tribe Exh. 17. McGuire set it up , Tribe has told the FBI it was a loan -
I made payments on it, I received foreclosure notices on it, and I went to bankruptcy to stop the bank from taking it. This loan was signed on Feb. 13, 2006 and the bank sent me foreclosure documents on Feb 28, 2006 on my Dealer’s Management Group Inc. ( car business ) even though the bank was paid current, according to McGuire’s instructions Exh.17, p.2 All of these loans were cross-collateralized, along with my $45000 cd and life insurance, and the banker had no right to take payment and then turn around and put my storage business in harm’s way. I had worked for months with McGuire, offering numerous solutions with the backing of partners and family. My only action possible was to file
bankruptcy because I could not get funding from anyone this quick. The fact that this loan had a sale agreement in it, which is not unusual
at all, has been misinterpreted and twisted so that my wife and I have been made out to be conspiring and liars. This is not true at all. We would have never given up this property in a booming part of Katy, Tx. for $189,000 – this is 11 acres!
Susan provided inheritance papers Exh. 24 and Exh. 25, and some of her monies were provided on my Statement of Financial affairs Exh. 1 . Copies of quickbooks Exhs. 82 and 83 (too large to include here) show she was owed her monies back. Repaying her loans was a business transaction. There was a personal Chase Equity loan of $26,000 made to DMG that was to be repaid to us (see folder with bank statements or QB), but that money was seized by Sommers. Susan had her own money when the house was bought. But the Trustee and judge refused to comment on separate monies. They said that proceeds from our selling (their word, not ours) F & S Ventures Inc. were used to buy the house. They would not recognize:
1. A house was sold and one was purchased within weeks
2. Repayment of business loans to Susan – loans she made with her separate money
3. The repayment of the Chase Equity loan, money that was put into business as a personal loan. This affected the equity of the Missouri City
house.
At the time of David McGuire’s scam, our companies were strong and Royal Oaks Bank (David McGuire) made sure of this before closing.
Even though I offered more collateral several times after he locked up my funding, he kept stating it was not necessary. There are enclosed emails of my family offering McGuire collateral and he kept telling me he was going to take care of it and did not need the collateral because I had plenty of equity. ENCLOSE EMAILS TO MCGUIRE
Perjury
I amended schedules as necessary to comply with these proceedings, and, had all the right documents been requested by former attorney Rogers, this would never have gotten out of control. I was there to save myself and family and business. I only amended schedules at the request of the Trustee and my attorneys, and it was not easy to get all of these correct as my financial status kept changing. My
questions & objections were ignored. The Trustee’s actions caused me to lose my businesses. I was confused from day one on what I owned and did not own. This is why I went to an attorney and the court for help – the biggest mistake of my life.
Conspiracy
My wife was asked on the stand if she was aware of the sale of the F & S Ventures Inc. property. She stated not to her knowledge. This is a true statement – that loan was provided for restructure. My wife nor I would have ever released a storage with $144k/yr income for $189,000. Who would??? We were in wonderful financial shape before McGuire’s deal and had perfect credit.
Sommers first referred to my Crown Financial loan, but then started calling it a sale. David McGuire of Royal
Oaks Bank orchestrated this transaction with Crown Financial (Dick Tribe) with my 11.323 acre storage known as F & S Ventures Inc. as collateral. This was always called a bridge loan by McGuire and Tribe Exh. 17. McGuire set it up , Tribe has told the FBI it was a loan -
I made payments on it, I received foreclosure notices on it, and I went to bankruptcy to stop the bank from taking it. This loan was signed on Feb. 13, 2006 and the bank sent me foreclosure documents on Feb 28, 2006 on my Dealer’s Management Group Inc. ( car business ) even though the bank was paid current, according to McGuire’s instructions Exh.17, p.2 All of these loans were cross-collateralized, along with my $45000 cd and life insurance, and the banker had no right to take payment and then turn around and put my storage business in harm’s way. I had worked for months with McGuire, offering numerous solutions with the backing of partners and family. My only action possible was to file
bankruptcy because I could not get funding from anyone this quick. The fact that this loan had a sale agreement in it, which is not unusual
at all, has been misinterpreted and twisted so that my wife and I have been made out to be conspiring and liars. This is not true at all. We would have never given up this property in a booming part of Katy, Tx. for $189,000 – this is 11 acres!
Susan provided inheritance papers Exh. 24 and Exh. 25, and some of her monies were provided on my Statement of Financial affairs Exh. 1 . Copies of quickbooks Exhs. 82 and 83 (too large to include here) show she was owed her monies back. Repaying her loans was a business transaction. There was a personal Chase Equity loan of $26,000 made to DMG that was to be repaid to us (see folder with bank statements or QB), but that money was seized by Sommers. Susan had her own money when the house was bought. But the Trustee and judge refused to comment on separate monies. They said that proceeds from our selling (their word, not ours) F & S Ventures Inc. were used to buy the house. They would not recognize:
1. A house was sold and one was purchased within weeks
2. Repayment of business loans to Susan – loans she made with her separate money
3. The repayment of the Chase Equity loan, money that was put into business as a personal loan. This affected the equity of the Missouri City
house.
At the time of David McGuire’s scam, our companies were strong and Royal Oaks Bank (David McGuire) made sure of this before closing.
Even though I offered more collateral several times after he locked up my funding, he kept stating it was not necessary. There are enclosed emails of my family offering McGuire collateral and he kept telling me he was going to take care of it and did not need the collateral because I had plenty of equity. ENCLOSE EMAILS TO MCGUIRE
Perjury
I amended schedules as necessary to comply with these proceedings, and, had all the right documents been requested by former attorney Rogers, this would never have gotten out of control. I was there to save myself and family and business. I only amended schedules at the request of the Trustee and my attorneys, and it was not easy to get all of these correct as my financial status kept changing. My
questions & objections were ignored. The Trustee’s actions caused me to lose my businesses. I was confused from day one on what I owned and did not own. This is why I went to an attorney and the court for help – the biggest mistake of my life.