Receiver's Questionable actions
| Receiver's Inadequate Reporting Also there was NO press report about Petters selling his position in Fingerhut - yet Fingerhut Petters is a minor owner and that it has a new "private" investor Paul Traub's BAIN & Goldman Sachs (please see DOJ Corruption with Traub ( here )) Does anyone besides this webmaster find it highly specious that Mary Jeffries resigns from Petters Group Worldwide in order to take top job at Polaroid while keeping millions in bonuses as the Receiver says it is O K? Under WHAT Legal Authority does the Receiver rush & endeavor to Indemnify Mary Jeffries (here) stating she is Not under investigation as the Receiver keeps Polaroid as "his" dealing? At the same time the Creditors are refused review of Petters accounts bank accounts and told by the Receiver's counsel that they are wasting their time as there' is only $9,000 left (pg 14 ( here )) |
| Receiver succeeds in getting Federal Order to "stay" anyone from suing Petters for 60 days Whilst the Receiver rushes to sell and bankrupt Petters companies at his own will It is only a matter of time before some good counsel wakes up and puts Tom Petters personally into involuntary bankruptcy - voiding the Receiver and making All (Polaroid/Sun etc) KOSHER |
| American BAR Association discussion on Federal Court Receivers THE ABA states a Federal Receiver is void once a bankruptcy case Begins ( here ) |
| Unfortunately for America The Press has lost all sense of ability to ask questions or pursue a Watergate type investigation (here) into obvious bad faith acts. Due to this webmaster's experience with corruption one is therefore emboldened to pose the questions others may fear to ask - it is much better to be scorned then to permit mendacity success ( here ) |
| Receiver Attorney Threatens this webmaster As a holiday gesture the Lindquist/Vennum firm, that is working for the Petters Receiver Douglas Kelley -sent this warning to the Petters-Fraud website - "I am the attorney for Element Electronics, LLC. -- You are hereby advised to cease and desist from including Element Electronics on your website and your failure to promptly comply with this notice will be actionable by Element Electronics". Our response was detailed, pointing out that we are well aware that Element Electronics is now an O"Shaughnessy Holding Company. However, as many of you are aware, at one time the Element Electronics website did state it was a Petters affiliate. More importantly, Petters did claim to have a vested interest in Element. Despite the fact that such info appears to have vanished, I did warn this attorney, sending copies to the US Attorney etc ., that I felt his threat could border on Obstruction - as there is ample proof out there to the contrary that Petters was vested in Element -------(this needs investigation) |
| Star Tribune Mr. Phelps on Receivers large billings(here) Receiver Billings also receives National Press (here) |
| MN has the power and authority to dole out its legal matters to whom it will HOWEVER Doing so while violating every ethical standard drafted by Congress that we know from past experience is detrimental to innocent parties Remains an Intolerable issue They may hate this webmaster for pointing out there arrogance no more than this webmaster finds it inexplicable that the Law would be perverted twice at the direct material adverse harm to victims of fraud and mendacity History of what is really going on is Doug Kelley was Originally hired by PGW (here) Hence it is ABSURD that he is appointed as Receiver or Trustee Lancelot bankruptcy in Illinois appointed their Receiver causing Panic in MN This was followed up by MN Judge ADM appointing Doug Kelley as Receiver (purportedly - initially due to FBI to protect any files or assets from vanishing) (here) The Dept of Justice and American Bar Assoc state - a Receiver cannot be a Trustee (here) & (here) Bogus Judicial Immunity (here) & (here) - the PLOT Thickens as the sharks devour innocents - Again! Doug Kelley working for PGW - then as Receiver - then as Trustee -- is absolutely ludicrous |
| NEWS BREAK - SEC report on Jeffries/Baer stock options in PGW (here) SEC Info report on PGW/Polaroid listing OShaughnessy, Baer as Governor and Petters only PGW (here) WSJ Finally begins to report Petters Fraud Story (here) Polaroid Auction Story (here) NOTE - April 30th hearing to finalize Polaroid Auction (here) 1st Supplemental (here) Battle heats up to pick NEW Trustee over PGW -Ritchie Objects to DK attorney Fees (here) then Creditors Committee Objects to Ritchie in effort to Block Ritchie vote(s) on Trustee (here) Ritchie responds frustrated (here) Ritchie sought clean Trustee (here) April 22 election - truly Disinterested Trustee for PGW (here) Ritchie versus Trustee (here) Appeal Brief (here) Exhibit of Transcripts (here)(here) & (here) Polaroid (DK) Object (here) & (here) Judge DeniesMotion to Stay Polaroid sale (here) MinnWest Bank Motions to intervene (here) Memo of Law (here) Exhibit A Loan (here) |