CEO Ray Davis - Umpqua Bank

Today, It is Brought to my Attention.. that Obsidian Finance Group, LLC and Kevin D.Padrick is Suing me for Libel... interesting.. Millons of over billing to the Summit Creditors, 15% Commission on all sales, though GOOD for him and not necessarily the Creditors.. , and Obsidian Finance Group, LLC and Kevin D. Padrick is still abusing the Oregon Courts to Control the Truth about Obsidian Finance Group, LLC and Kevin D. Padrick .. Hmmmm..

... and are the Summit 1031 Creditors Paying for this Lawsuit against the "Media" - against Investigative Blogger Crystal L. Cox... ???

Did Obsidian Finance Group, LLC and Kevin D. Padrick sue the Bend Oregon Newspapers, or the Portland Newspapers for what they Wrote on the Summit 1031 Bankrupcty or is this more of Obsidian Finance Group, LLC and Kevin D. Padrick woman hating, discrimination rearing up... as with the 2 year harassment and criminal charges against Oregon CPA and Oregon Bankruptcy Whistleblower Stephanie DeYoung FOR Her Exposing the Financial Facts and Details of Obsidian Finance Group, LLC and Kevin D. Padrick's actions in the Summit 1031 Bankruptcy.

So Not Sure Why, But David Aman of Tonkon Torp sent me a Cease and Desist by eMail, yet apparently files a Lawsuit against me in Oregon District Court but Does NOT bother To eMailme that Lawsuit or to even Let Me Know he Filed It.. Odd Don't Ya Think ?

In the Meantime, we entered into talks of PR Services, during which I had no Idea that Obsidian Finance Group, LLC and Kevin D. Padrick was suing me for Exposing their Corruption in the Summit 1031 Bankruptcy.

How Did Tonkon Torp ., David Aman Decide what Court to Sue Me In? I mean Intellectual Property Laws for the Internet Are Virginia Based Right? And My Posts on Obsidian Finance Group, LLC and Kevin D. Padrick or 2 years were done from MT, OR, WA, ID, HW, CO, UT, and CA .. .so what Court is that Out of ?

You Boys Want a Legal Battle, GOOD... I am Looking Forward to Discovery.. over and over.. Every Dollar.. As the Summit 1031 Bankruptcy has so Much Fraud, Deception, Cover Ups and back alley scandals that have yet to surface.

Coming Soon All Accounting of the Money that Tonkon Torp ., David Aman oh and Odd I Just Noticed that Videos are Dropped from My Sites... the Videos of the Meeting that ProvedObsidian Finance Group, LLC and Kevin D. Padrick BROKE Bankruptcy Laws, Violated the Rights of the Summit Creditors, Pulled a High Finance Bait and Switch AND well Committed Ethics Violations and Possible Fraud... Hmmmm..

Well Guess What Obsidian Finance Group, LLC , Kevin D. Padrick - AND Tonkon Torp - David S. Aman In July of 2009, I Received Copies of those Videos, as I was Helping StephanieDeYoung to Market the Bankrupty Corruption Proof on the Summit 1031 Bankruptcy in Effort to Help the Real Estate Consumer as I had just recently quit the Association of Realtors and was Making a Stand for the Real Estate Consumer. I Posted a Couple .. Here is one Posted in July of 2009.. I have them ALL.. and So Do Several of My Whistleblower Bloggers..

http://www.youtube.com/watch?v=0hQeP4BBfNA

Where did the Videos Go? Why are they just magically Gone?

Whatever Sick and Dirty Deal you Have Pulled in the Oregon Courts, or Bend Oregon District Attorney Pat Flaherty has Done to Help you in Suppressing Information and Silencing aWhistleblower, Well I have Copies of those Videos as do Several Of My Whistleblowers in Several States.. So the TRUTH Will Roar.. and the TRUTH is Certainly Not Libel, Not Slander and NOT Defamation. And this is in NO Way about Protecting Mark Neuman or the Summit Principals, I was Never "In bed with" them in any way. My writing on the Summit 1031 Bankruptcy was about protecting the Real Estate Consumer.

A Man that would put his own Daughter in a Mental Institute to Keep her from Talking to an Investigative Blogger, Well that is the Devil to Me... this is Not about Supporting Mark Neuman, Summit Principal in Any Way.

Get Ready Readers as We Now Enter the Obsidian Finance Group, LLC and Kevin D. Padrick... Tonkon Torp - David S. Aman and Investigative Blogger Crystal L. Cox, Smack Down..

Got a Tip ON Obsidian Finance Group, LLC and Kevin D. Padrick ... Tonkon Torp - David S.Aman ??? Send it on Over... Crystal@CrystalCox.com

*******

So Does Obsidian Finance Group, LLC and Kevin D. Padrick OR Possibly.. David Aman,Tonkon Torp Control Oregon District Court Judge Ancer L. Haggerty? Is there any past history or conflicts of interest with Obsidian Finance Group, LLC and Kevin D. Padrick OR Possibly.. David Aman, Tonkon Torp Control Oregon District Court Judge Ancer L. Haggerty

Got a Tip on Oregon District Court Judge Ancer L. Haggerty ?

Crystal@CrystalCox.com

www.AncerHaggerty.com Coming Soon to Explore the life and Career of Oregon District Court Judge Ancer L. Haggerty - Conflicts of Interest Possibly with David Aman, Tonkon Torp orObsidian Finance Group, LLC and Kevin D. Padrick.

Do you have an Issue, Story or information on any possible Fraud on the Courts involvingOregon District Court Judge Ancer L. Haggerty ? If So Please eMail me your Oregon District Court Judge Ancer L. Haggerty tip at Crystal@CrystalCox.com

Also Under Freedom of Information Act I Will Soon Be Posting all U.S. Court Documents of the Summit 1031 Bankruptcy on where YOUR Money Really Went. and Under Freedom of Information Act I Will be Getting and Posting Documents on Solar Tax Credits and possible Fraud on the Oregon Government over that, and then hopefully be filing a Qui Tam Lawsuit to get 30% Recovery of What Obsidian Finance Group, LLC and Kevin D. Padrick has possiblyfrauded the U.S. Government.

How much Money has Obsidian Finance Group, LLC and Kevin D. Padrick REALLY PaidTonkon Torp and David S. Aman to SHUT up the Truth about the Massive Money FraudulentlySpent in the Summit 1031 Bankruptcy? Coming Soon.. You have a Right to Know.. What YOU paid .. Tonkon Torp and David S. Aman and how much of it went to Bend Oregon District Court and Portland District Court Legal Issues to Filing Charges and Lawsuits to SHUT Up Bankruptcy Whistleblower Stephanie DeYoung and "Media" , Investigative Blogger Crystal L. Cox. .. It's Your Money !!!

Here is the Supposed Libel Lawsuit Link, yet I have No Record of it being Sent to Me.

http://dockets.justia.com/docket/oregon/ordce/3:2011cv00057/101036/

Tonkon Torp - David S. Aman Vs. "media" "blogger" "investigative blogger" "real estate whistleblower" Crystal L. Cox...

Obsidian Finance Group, LLC and Kevin D. Padrick Vs. "media" "blogger" "investigative blogger" "real estate whistleblower" Crystal L. Cox...

Stay Tuned to my Investigative Blogger Network, Whistleblower Media, Real Estate Whistleblower, Court Corruption, Bankruptcy Corruption "Media" sites for the Whole Story as it Plays Out..

posted here by

Crystal L. Cox

Investigative Blogger

Crystal@CrystalCox.com

Monday, October 25, 2010

Umpqua Bank Corruption, Conflicts of Interest...

" Umpqua Bank settles $30M lawsuit over alleged Ponzi scheme

Umpqua Bank has settled a $30 million lawsuit with the trustee and creditors of Bend-based Summit 1031 Exchange, which had accused Umpqua of aiding and abetting Summit in an alleged Ponzi scheme.

Terms were not available and the parties involved would say only that a settlement was reached, adding that a final document had not been signed, The Bulletin reported.

Both Kevin Padrick, the court-appointed trustee for Summit's 2008 U.S. Bankruptcy Court filing, and Michael Simon, the attorney for some of Summit's creditors, told the Bend newspaper they were barred from discussing the settlement.

Umpqua Bank's general counsel, Steve Philpott, also declined comment.

The 16-month-old lawsuit was initially filed by Padrick, who is in charge of liquidating Summit's assets, such as real estate, in the bankruptcy proceedings for the creditors.

The complaint accused Umpqua Bank of continuing to solicit bank deposits from Summit and promote Summit, even after Umpqua learned of what Padrick alleged was a Ponzi scheme.

As a 1031 exchange, named after Section 1031 of the U.S. Tax Code, Summit would help real estate investors avoid capital gains tax on the sale of a property. Investors can avoid the tax by purchasing another property within 180 days.

Summit eventually ran into liquidity problems, stating on its website that it was short $14.2 million.

It later filed for bankruptcy in December 2008 because the money was tied up in real estate, rather than kept in liquid bank accounts, according to court documents.

Padrick alleged in the lawsuit that the principals of Summit had embezzled money for years by lending Summit's funds to another business they controlled.

The lawsuit said Summit could only pay back former clients by finding new ones and alleged "the principals engaged in a classic Ponzi scheme."

Umpqua denied wrongdoing in the case it settled with Padrick and the creditors. .."

Source and Full Article
http://abcnews.go.com/Business/wireStory?id=11921664

Folks there is Lot's More to This Story... Got a Tip? Email me at Crystal@CrystalCox.com - also Kevin Padrick is VERY Corrupt.. Got a Tip on Kevin Padrick Corruption, Fraud, Tax Crimes, Solar Tax Credit Crimes... ?

Thursday, June 24, 2010

Lane Lyons - Corrupt Bend Oregon Attorney KNEW of the Criminal Activity at Summit and Said Nothing

Lane Lyons and Mark Neuman still Protecting Each Other, Still Giving Each other Paying GiGs at the Expense of Whom Ever they think has the Ability to PAY...

Mark Neuman KNOWS that Lane Lyons lied under Oath about what he really did in his Tenure at Summit 1031. Mark Neuman has lists of Illegal Activity.. so we can assume WHY Lane Lyons would kiss ass to Mark Neuman Summit Principal.. however the Question is what does Lane Lyons have on Summit 1031 Principal Mark Nueman that Makes Mark give him Overpriced JOBS ... and Send lot's of business his way and NOT Rat Lane Lyons out ...? Well it must be a Doozy or maybe quite a fiew..

Here is the Article on Lane Lyons KNOWING full well of the Corrupt activities at Summit 1031 and Doing NOTHING about it.. and WELL Lane Lyons is still Practicing Law in Bend Oregon.. Still making a KILLING and the Creditors .. oh well .. they get NONE..

Keep in Mind, Umpqua Bank would buy loans from Inland Capital say after Inland having the Loans only 3 months.. and the the Loan Application Process was often.. well NOTHING but a .. Oh you need Money .. here it is.. YOU have no income.. oh well.. 100 percent debt no problem such as the Doug Creasy loans where it was all debt and no collaterall.. or what about the Steve White loans in the Millions with No Collateral.. and how many of these Inland Loans .. did Umpqua Bank buy or acquire and what was the Process of acceptance of these Loans.. ?

Early Warnings.. NOTED but IGNORED
by Corrupt Bend Oregon Attorney Lane Lyons.

""Court documents detail early warnings in alleged Ponzi scheme that ended in one of the largest bankruptcy filings born of the area's real estate collapse..

Three years before Bend's Summit 1031 Exchange filed for bankruptcy, Lane Lyons, then an employee of the now defunct real estate services company, raised a red flag about the business in an e-mail to fellow employee Timothy Larkin.

Both Lyons and Larkin would become principals in the company in 2006.

The e-mail, quoted in the bankruptcy trustee's report, indicates Lyons' concern about a company called Inland Capital Corp., which the trustee's report asserts was created by Summit's two original shareholders — Mark Neuman and Brian Stevens — for the express purpose of loaning money from Summit to Inland for the personal gain of the shareholders, their families and friends, primarily through investment in Central Oregon real estate.

When Summit filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Portland in December 2008, it reported it was owed $13.7 million from Inland.

“The more I think about Inland funds, the more certain I become that without immediate liquidity in the same amount we use, if any word of it gets out we would be ruined,” Lyons wrote in 2005. “I don't necessarily mean immediate financial ruin, but more importantly, our reputations and integrity. That really bothers me.”

Lyons, Larkin, Neuman and Stevens have not been charged with any wrongdoing.

But Bankruptcy Court documents show the U.S. Department of Justice issued a grand jury subpoena for Summit's records shortly after Summit's bankruptcy filing. The trustee's report also states Summit is under investigation by the FBI and the Internal Revenue Service.

“I disagree with much of the verbiage in the report and many of the conclusions,” Lyons said in an interview Thursday. “I worked very hard to alter and stop Summit's practices then, and I've worked since then to repair and mitigate the damages caused by Summit's failures. I sincerely regret my earlier efforts weren't fully successful.”

Numerous attempts last week to seek comment from the other principals or their attorneys were unsuccessful.

In the wake of Summit's bankruptcy filing, creditors subsequently filed more than $41 million in claims against the company, making it among the largest bankruptcy filings to come out of the collapse of the housing bubble in Central Oregon.

Kevin Padrick, the court-appointed bankruptcy trustee who authored the report, also accuses Summit in the report of operating a Ponzi scheme. The sentiment was echoed by Judge Randall Dunn, the Bankruptcy Court judge overseeing Summit's case, who said the company “arguably ran a Ponzi scheme” in remarks at a hearing in Portland last May.

More than a year after Summit's bankruptcy filing, the case continues to wind its way through Bankruptcy Court. It's also spawned a number of lawsuits, including a $30 million suit against Umpqua Bank brought by Padrick in which he accuses the bank of aiding and abetting Summit in the scheme.

Umpqua was Summit's primary bank, and Padrick alleges in the suit that Umpqua learned of Summit's activities in 2007 when Summit and the bank discussed a strategic partnership.

Steven Philpott, general counsel for Umpqua Holdings Corp., the bank's parent company, wrote in a statement e-mailed to The Bulletin that “Umpqua chose not to pursue Summit's proposal. When Summit presented its proposal, its principals never revealed to the bank, nor was the bank ever aware of, any illegal activity on the part of Summit.”

Padrick is now working to liquidate Summit's assets for the benefit of roughly 150 creditors, mainly Summit's exchange clients.

Summit's bankruptcy was converted from a Chapter 11 reorganization to a Chapter 11 liquidation last year after Padrick and the creditors decided liquidation would be in the creditors' best interest, according to Bankruptcy Court documents.

Padrick's 78-page trustee's report explains in detail the results of his “forensic accounting investigation” into the company, which he describes in the report as “extensive and complex.”

He writes of combing through 600 boxes of Summit documents, 100,000 e-mails spread between seven computer servers and more than 500,000 entries in Summit's accounting database in an attempt to make sense of the company's business dealings.

Those dealings also include roughly 240 property investments spread between more than 100 separate entities, including many limited liability companies controlled by the shareholders that received loans from Inland.

Summit's primary business was facilitating 1031 exchanges, complex real estate transactions that help real estate investors defer capital gains taxes.

But as early as 1995, and certainly by 1997, according to the report, Neuman and Stevens started transferring money from Summit to Inland and began weaving the tangled web that Padrick is working to unravel today.

Beginnings

Summit was incorporated in May 1991 as Summit Accommodators Inc. by Neuman, Stevens and a third individual the report doesn't name. The company established the business name Summit 1031 Exchange in 2006.

According to the report, Neuman and Stevens were certified public accountants who had practiced together since the early 1980s who formed their own practice — Stevens & Neuman LLP — in 1989.

Padrick asserts that the formation of Summit was likely an outgrowth of their accounting practice, as accountants frequently refer clients to qualified intermediaries.

In the 1031 exchange industry, companies such as Summit typically earn income by charging their clients fees, as well as taking a portion of the interest income their clients' money earns while it is parked in a bank.

At times, Summit held more than $100 million in client money, according to the report.

But in the lightly regulated 1031 exchange industry, no laws specify where a client's money can be placed.

Industry standards, published by the Federation of Exchange Accommodators, a prominent trade association, say that 1031 exchange companies should keep their clients' money liquid, should preserve principal and should not commingle clients' money with other funds.

Those standards were put forth many years after Summit went into business.

However, Summit, in its contracts with exchange clients, stated it would place its clients' money into “deposit accounts” at “financial institutions” and use those funds only to accomplish the contracted exchange, according to the report.

But, according to the report, Summit's shareholders began loaning funds from exchange clients to themselves, to entities they controlled or to other third parties through Inland.

“It is the Trustee's conclusion,” Padrick writes in his report, “that this conduct was fraudulent because at the time the Exchange Agreements were being executed between the new clients and Summit, the shareholders knew that they were using new exchange clients' funds to fund existing clients' purchase of replacement property, make refunds or make ‘loans' to Inland, and those funds were not being held in a financial institution for the purpose of completing the new client's purchase of replacement property.

“It is the Trustee's conclusion,” Padrick continued, “that such conduct constituted theft by deception.”

Inland Capital

Inland was incorporated in December 1993 by Neuman, Stevens and the third shareholder, who was bought out in May 1998 according to a pre-existing buyout agreement.

By 1997, the earliest Padrick can find accounting records, Summit began transferring client funds to Inland. A “note receivable” was recorded on Summit's books to account for the transfer.

According to Padrick's report, Inland's sole activity was to receive client funds from Summit and then “loan” the money predominantly to the shareholders, their friends and family, and entities owned by them, for their use. Inland loaned money to more than 100 entities and individuals, the report says.

“Summit did not own any part of Inland and was not entitled to any value generated by Inland,” Padrick writes in the report. “From a risk-benefit perspective, the risk of loss of exchange clients' funds was borne by the exchange clients and the benefits inured to the shareholders.”

In the report, Padrick argues that the transfers between Summit and Inland and then from Inland to the other entities were characterized as loans but lacked any typical loan characteristics.

Padrick writes that he was unable to find loan agreements or promissory notes between Inland, Summit or the entities, nor documents detailing underwriting decisions.

Padrick also writes that he can find no evidence Inland was ever capitalized with any funds other than transfers from Summit, and that accounting records show Inland had only one employee, and only for six months in 2005.

“The Trustee has concluded the Summit-Inland relationship was not legitimate,” Padrick concludes in the report. “When the (Summit) shareholders wanted money at Inland they simply caused the transfer of (funds) from the unknowing exchange clients to occur. The ‘formality' of creating a ‘note receivable' account was to make sure the books balanced.”

Padrick estimates that from 1997 to 2008, through the use of Inland, Summit's shareholders directly or indirectly diverted to themselves more than $66.5 million in exchange clients' funds.

Additional Bankruptcy Court documents show that between 1997 and 2008, roughly 28 percent of the total funds brought to Summit by exchange clients were loaned to Inland.

Where did the money go?

After Summit's shareholders agreed to turn over control of most of their assets as part of the bankruptcy proceeding, Padrick assumed control of roughly 140 properties to be liquidated for creditors.

The properties, mostly in Central Oregon, included 19 residential or commercial development projects, 11 income-producing properties, such as apartment complexes, two mobile-home parks, 80 finished lots and 29 single-family residences.

Money also went for the shareholders' personal use, Padrick wrote.

According to the report, Neuman used at least $618,000 of exchange client funds to obtain a $2 million loan from a third-party mortgage company to build an 8,070-square-foot home — complete with a swimming pool and tennis court — in Bend's Cascade Highlands subdivision.

Padrick also asserts that Neuman used exchange client funds routed through Inland to make a down payment on a home for his daughter, and that Neuman and Stevens made direct loans to various other people and entities.

Ultimately, the money transferred from Summit to Inland created a hole in Summit's books that could not be quickly filled once the real estate market began to collapse and it became harder to sell Inland property to repay Summit. There were not enough funds on hand at Summit to satisfy the demands of its clients, according to the report.

Summit had a “liquidity crisis,” said Padrick.

Lyons and Larkin

Larkin joined Summit in 2002 and was its director of operations. Lyons, a tax attorney, joined Summit in June 2005 and was the director of legal and tax policy.

In January 2006, Lyons and Larkin became equal shareholders with Neuman and Stevens in Summit and Inland, according to Padrick's report. Each owned an equal 25 percent stake in the corporations and various other entities affiliated with Neuman and Stevens.

According to the report, Lyons and Larkin purchased their shares for $500,000 each.

However, it was Lyons and Larkin, according to the report, who first began raising red flags about Summit's lack of funds due to its “loans” to Inland, and who would ultimately come to rue their involvement with Summit.

In 2006, new loans from Summit to Inland began to decrease significantly, though they didn't stop completely until January 2008, according to Bankruptcy Court documents.

In 2007, Larkin wrote an e-mail to Neuman, Stevens and Lyons saying action was needed to resolve the “Inland problem.” The e-mail, included in the report, also suggests Larkin was aware of Summit's liquidity problems as early as 2004 based on a memo he sent then.

Wrote Larkin: “This Inland problem did not start yesterday (my first memo went out in 2004) and many times over the last couple years, you have come to the conclusion that we will have to suck it up and pay tax in order to pay down Inland only to have you kill a strategy because of the tax ramifications.”

It's not clear from the e-mail or trustee's report if Larkin is addressing one or all of the partners, but he discusses a plan to make Summit whole by selling Inland assets, even though it would mean a substantial capital gains tax bill.

“I don't want to re-hash old stuff continually,” Larkin continued in the e-mail. “But the brutal fact is that our current model is a recipe for failure.”

Umpqua Bank

Part of the principals' efforts to resolve Summit's liquidity problem included exploring some sort of strategic relationship with Umpqua, Padrick writes in the report, including a roughly $15 million line of credit from Umpqua to Summit secured by Inland's assets.

On March 1, 2007, Umpqua executed a nondisclosure agreement with Summit, according to Padrick's report. The same day, Lyons sent a memo to Umpqua officials, including CEO Ray Davis, that “comprehensively described Summit, and more importantly, Inland,” according to Padrick.

As quoted in the report, Lyons' memo said, “Inland has served as a conduit whereby Summit loaned Inland the funds at a premium over Summit's bank rate of earnings, and Inland would either loan the funds to local businesses and/or investors for business or real estate projects, or would invest the funds directly in real estate selected by Summit's principals.”

Umpqua ultimately decided against making a loan to Summit.

But Padrick argues in the report that because Umpqua learned Summit was diverting money to Inland despite Summit's contracts with its clients but did nothing about it, and continued its business relationship with Summit, the bank aided and abetted Summit's practices.

Further proof Umpqua knew Summit was acting fraudulently is an e-mail Umpqua's chief credit officer, Brad Copeland, wrote to Davis in December 2008, after Summit's bankruptcy, Padrick argues in the report.

“I'm sure glad we didn't get in bed with these guys,” Copeland wrote. “I suspect there are some significant fraud issues involved and our records will all be subpoenaed. This will probably get very ugly.”

Philpott, the bank's general counsel, said in his statement e-mailed to The Bulletin that “Summit had multiple banking relationships. During Umpqua's business relationship with Summit, we, along with other banks, continued to provide depository services. There was no reason for us, or any bank, not to accept their deposits.”

As the bankruptcy trustee, Padrick is legally obligated to take whatever steps he can to collect money for the creditors, which allows him to sue third parties, such as Umpqua.

Philpott argues that power gives Padrick an additional motive, since Padrick keeps a portion of the money he earns for creditors.

“Keep in mind that Padrick, as a bankruptcy trustee, tries to collect as much as possible for the benefit of the bankruptcy estate,” Philpott wrote in his statement. “The trustee is not a neutral participant or fact-finder. In his case against Umpqua, he is the plaintiff asserting a claim and the more he collects, the more he is paid and the more the estate's creditors are awarded.”

In response, Padrick said in an statement e-mailed to The Bulletin that his role as trustee “is that of a factual investigator and upon finding wrongful conduct that caused damage, the trustee's role and obligation are to pursue Umpqua Bank, the shareholders, and anyone else who wrongfully caused damage to Summit's clients.”

Philpott also argues that Umpqua did not commit any wrongdoing due to a pending settlement in an additional suit Padrick filed against Summit's four principals. Padrick's allegations in the suit include breach of fiduciary duties to their exchange clients, professional negligence and civil conspiracy, among others.

The suit is an adversary proceeding included in the bankruptcy.

Philpott, who has not seen the pending settlement but is aware of its basic terms as relayed to him by lawyers involved in the matter, said it works in Umpqua's favor.

“Recently, Padrick agreed to settle the claims he asserted against the shareholders of bankrupt Summit,” Philpott wrote in his statement. “In the settlement, the trustee dismissed accusations that these principals breached their ‘fiduciary duty' to their company and its clients. So, the trustee has dropped the heart of his case against Summit's shareholders while continuing to pursue Umpqua Bank for ‘aiding and abetting' these very same shareholders.”

In response, Padrick said Philpott's statement “is inaccurate and misleading. The settlement agreement will speak for itself.”

Padrick's suit against Umpqua was filed in Multnomah County Circuit Court, but attorneys for Umpqua argued it should be included in Summit's bankruptcy proceeding. However, Padrick and his attorney successfully asked Judge Dunn, of the Bankruptcy Court, to remand the suit back to state court.

A trial date in Multnomah County Circuit Court has not been scheduled, but a hearing to assign a judge to the case is scheduled for Tuesday.

Endgame

In 2007, as the real estate market began to soften, fewer exchange clients came to Summit, which now included affiliate offices 50 percent owned by the company in eight Western locations.

As Padrick asserts in the report, because Summit loaned Inland money, which was often tied up in the shareholders' various real estate investments, the only way Summit could fulfill its obligations to existing exchange clients was with money from new clients.

“This fact pattern,” Padrick says in the report, “of new clients' funds being used to purchase replacement property for existing clients has consistently been found by courts to constitute a ‘Ponzi scheme.'”

Philpott argues Summit did not operate a Ponzi scheme, and had the money to fund its client obligations based on the sale of and revenue generated from assets purchased through Inland. Philpott said Neuman and Stevens were reluctant to sell assets because of the capital gains taxes they would incur.

“Clearly, the Bend real estate market saw some very strong activity during the period between 1997 and 2008 and sales and loans were possible,” Philpott wrote in his statement to The Bulletin.

With fewer clients, Summit's “liquidity crisis” grew, Padrick writes in the report, and the declining real estate market made it difficult for the shareholders to recoup the exchange client funds from Inland that were invested in real estate.

“While it is possible to make significant profits from the unlimited use of other people's money, it is equally possible to generate significant losses,” Padrick writes in the report. “As soon as the real estate cycle in Central Oregon was on its way down, the result to Summit was inevitable.”

In November 2008, Padrick states Neuman sent an e-mail to the shareholders proposing Summit purchase another 1031 exchange company to resolve its liquidity crisis. The proposal was never acted upon.

By December 2008, the handwriting was on the wall.

According to the report, on Dec. 9, 2008, 10 days before Summit's bankruptcy filing, Lyons wrote an e-mail to a Summit employee asking if he had removed “the language re security of funds from the website?”

The same day, Larkin wrote an e-mail to the shareholders:

“I find it particularly frustrating that I had to fight for so long to try to bring sense to the whole Inland problem only to find myself in having to take the lead in solving a problem I had warned against all along,” wrote Larkin, according to the report. “I want you to work with all you have financially and legally to shelter your partners from the fall out of your decisions.”

Lyons responded to Larkin's e-mail: “From the day I got here, I howled about the Inland situation and got the same responses Tim (Larkin) cites. I know your intention was to try and help Tim and I build some net worth, but it didn't work out that way.

“I'd be lying,” Lyons continued, “if I didn't say that I'm deeply saddened that I brought an impeccable reputation into this and inherited a problem in the process that wasn't of my creation which now will likely result in me leaving here with less professional integrity than I once had and based on advice from counsel last week, a good chance at losing my license and livelihood for some period of time.”

Aftermath

Lyons now works as a sole practitioner in Bend. He is an active member of the Oregon State Bar.

Since the bankruptcy filing, Padrick reports that Lyons, Larkin and Stevens have cooperated with his efforts to unwind Summit's and Inland's business dealings. Padrick alternatively states that Neuman “has not only been uncooperative, but he has attempted to actively thwart the Trustee's efforts.”

In the report, Padrick notes that Lyons and Larkin had for years tried to get Neuman and Stevens to liquidate the speculative real estate investments funded through Inland. He also notes that Lyons' and Larkin's use of Inland funds was a small fraction of that of Neuman and Stevens.

“The Trustee does not know what influenced Larkin and Lyons to stay,” Padrick writes in the report. “The Trustee does not know why Larkin and Lyons did not report the conduct, about which they complained so vociferously, to the authorities.”

But Padrick notes that Lyons and Larkin had been assured by Neuman in an e-mail when they were “buying” into Summit and Inland that in five years the two of them “would have built enough real estate equity through Inland to ‘pull out of Summit operations.'”

In a letter by Neuman written either late August or early September 2009 posted at www.summit 1031bkjustice.com — a Web site operated by Neuman's daughter, Stephanie Studebaker-DeYoung — Neuman wrote that “I'm truly sorry for the pain it has caused all of the exchangers. I can only sincerely hope and pray that the assets we provided and any other monies available will result in the exchangers being made whole.”

Neuman added that neither Lyons nor Larkin “benefited personally from company loans in a significant way” and that “these men are not responsible for the Summit debacle.”

While the legal wrangling continues, the creditors have received at least 40 percent of their money lost to Summit, according to creditors and previous interviews with the attorney for the creditors' committee.

Bend resident Jack Robson, a creditor who initially lost roughly $50,000, says he thinks the return would be greater if there weren't so many attorneys involved. But he's not upset with Summit, he said.

“At the end of day, some people have lost a good portion of their retirement, and that sucks, but there is no malice involved in my experience,” Robson said. “They made poor decisions, and certainly who would have thought this would have been a possible outcome?”

Andrew Moore ""

Source of Post
http://www.bendbulletin.com/apps/pbcs.dll/article?AID=/20100214/NEWS0107/2140419/1001/NEWS01&nav_category=NEWS01

Coming Soon Lots more on The Uganda - Brian Stevens - Umpqua Connection - Just How Guilty is CEO Ray Davis?

Where is the Summit 1031 Money... A Billion Dollars past through their books over 10 years.. you CANNOT tell me that Million upon Millions are NOT hidden in Multiple State, Multiple Names - Companies ... Non-Profits - Funds and that Investment Bankers and Companies are not in on all this.. they Have to Be..

And in My Opinion, "Cuz" I can Read and Think for Myself.. Umpqua Bank CEO Ray Davis has helped the Summit 1031 Mafia HIDE assets in unbelievable amounts and locations.. it is simply a matter of finding it..

This will NEVER Go Away as the Pain of the Creditors.. their Loss is something that CANNOT be mended.. This Story EXPOSES corruption in the Bankruptcy Courts, Exposes Corruption in Umpqua Bank and where the banking laws break down, this story exposes the Corruption and lack of Quality Control in the 1031 Exchange Industry that still exists today and the Department of Justice and the IRS does NOTHING to fix the Problem or the Reason they ALLOWED this to Happen...

This Story EXPOSES the uselessness of the FEA ( Federation of Exchange Accommodators ) - they get big bucks to aid and abet criminals like the Summit Accommodators and others like them doing the Exact same thing Right Now Today..

The Summit 1031 Bankruptcy NEEDS to be a model - an example that changes laws in the Bankruptcy System, Change the FEA, Change the IRS codes and Standards on the 1031 Exchange Process, and to HOLD the Department of Justice Bankruptcy Trustee liable for the Corruption they ENABLE within the Bankruptcy Courts...

The Summit 1031 story now also reaches Medical Whistleblowers, Psychiatric Rights Advocates, Whistleblower Rights and much more.. this Story is the Center of the Storm as the Corrupt Courts and Judicial Process of the United States is breaking down so the Truth, the Laws, Justice for "We the People" rise up out of the ashes of all that is coming to light since I started Writing on the Summit 1031 Exchange Bankruptcy..

Recently I spoke with a gal who was Exchanging her life savings with the Summit 1031 Mafia .. 24 hours later they went bankrupt and she lost Everything.. Justice? Compassion? Well no . .the Summit 1031 Principals are out to Save Only Them, such as Human Survival Instincts are.. However I am for the Creditors and Well Mark Neuman is still living WELL, and so is Big Shot Attorney Lane Lyons... and Well the "Devil" Brian Stevens ... He is living the High Life as well.. no matter what anyone tells you..

Mark Neuman and Brian Stevens have NO Compassion, NO Remorse, NO Truth and continue to fight for - support - cover up the LIE .. no matter whose life they continue to ruin in the process.

Bankruptcy Whistleblower Stephanie DeYoung has No Way out of the CONTROL of her Father.. he knows to much, controls to much and well is EVIL beyond comprehension..

Matter of Fact.... I believed they would not let Stephanie DeYoung Live through the Sage View thing as she knew to much, but she got to live .. she just had to be Stopped from Reaching me.. which has pretty much happened... but the story goes on without her.. the Truth Remains the Truth regardless of what we choose to believe..

so More Soon on Uganda.. There is Assets hidden there in my Opinion from the Constant searches that hit my statcounters.. More on that Coming Soon..

oh and Umpqua Bank: YOU ARE GUILTY...

Myrtle Creek - Roseburg Umpqua Bank Obsessed with Uganda

Kind of Reminds me of the Scene in the Movie "Ghost" where that guy was tyring to get his funds to come u on the computer.. over and over sweating it out.. Why is Myrtle Creek Oregon Umpqua Bank so Upset - Fascinated - Intrigued over my Uganda Posts... I mean come on this is not Rocket Science Folks... a few months back there was searches.. Brian Stevens - Summit 1031... search about the Summit Bankruptcy from Uganda, searches of Umpqua and yesterday a search from same town in Uganda for Umpqua CEO Ray Davis eMail... Come on.. THEY know I am watching.. how dumb are these Criminals.. Really..

So Umpqua Bank CEO Ray Davis helped Brian Stevens HIDE assets in Uganda?

Tell Me More..
Crystal@CrystalCox.com

Monday, June 21, 2010

This Site is Getting Lots of Traffic.. Note to Readers... Umpqua Bank CEO and the Trustee Lawsuit so many are Googling..

If you have questions or want information emailed to you on the Summit 1031 Exchange Company, email me at Crystal@CrystalCox.com - as you can see some of my sites have dropped and other information is out there.. it is a bit scattered at this time.. however I can see from the Stats on this Site that there is a need for information so if you want some email me. .

Also I will post Web Stat information soon as WOW.. and still Kampala Uganda .. now googling for ray davis umpqua email address... I believe that the Brian Stevens has Money hid in Uganda.. I believe from the craziness of my stat counter in the end of March and in April that there is Millions upon Millions Hid by the Summit 1031 Principals.. in Several States, Several Countries, in Churches, in Foundations, in Assets to Relatives and Friends.. Lots has happened since March 21st..

I still have all of Mark's emails, the Stats and other information.. so if you need it to get Justice for the Creditors with the Umpqua Lawsuit email me..

Crystal L. Cox
Investigative Blogger...

Tuesday, April 20, 2010

Report: Umpqua Bank knew 1031 exchange diverted money from clients’ accounts:

"" Jeff Manning reported while I was gone about the contents of a report from the bankruptcy trustee for Bend-based Summit Accommodators.

A federal just relesed the trustee’s report after Umpqua Bank fought to keep portions of it secret.

Manning reports: Umpqua Bank knew as early as March 2007 that the owners of Bend-based Summit Accommodators were diverting millions of dollars from their clients' accounts to fund their own real estate projects, according to a newly issued report by the court-appointed bankruptcy trustee.

Rather than blow the whistle on what may well turn out to be one of the landmark criminal fraud cases to come out of Oregon's real estate crash, Umpqua kept quiet, continued to reap substantial dividends from the large deposits Summit offered and helped finance some of the real estate projects with $6.3 million in loans, the report claims. ""

Source of Post
http://blog.oregonlive.com/frontporch/2010/01/top_5_zgf_hoffman_deliver_opul.html

Friday, April 9, 2010

Inland Capital Makes Loans for Large Real Estate Investment and 45 Days Later Umpqua Bank Refinances the Loan?

Why bother going through Inland Capitol anyway if
Umpqua Bank is going to do a Refi of the loan 45 days later?

It sounds to me like a way to cover your tracks, to redirect money and create illusions.
It sounds like possible Mortgage Fraud, Banking Violations and Well Flat Out Fraud to me.

Ok so .. Inland Capital (Owned by Summit 1031 Principles) Makes Loans for LARGE Real Estate Investments. And 45 days later Umpqua Banks does a "Refi" ?

To me as a Real Estate Broker Owner that sounds VERY fishy.

What was the real motive and would say a Chief Credit Officer notice something "fishy" like that? Or would a Umpqua Bank Chief Credit Officer have to be involved in this process?

What was the loan process REALLY on these Magic "Refi" Situations?

Was it jsut pushed through? Were there Majic CMA's done by Realtors or Magic Appraisals... I mean it had only been purchased 45 days earlier, it could almost be it's on "Comp" ...

So what is the Real Story on Umpqua Bank HELPING Summit 1031... Inland Capitol to create illiusions and divert Money?

Did Umpqua bank give "kick back" for business, or part of the pay out? Were their "trailing commissions" on these loans for the Loan Officer? Were there Big Ol' CEO and VP bonuses for the Volume that Brad Copeland and CEO Ray Davis Brought into Umpqua through Inland Capitol? Hmmm.. so many questions and what ifs?????????

Sure seems like there is alot more to this story to me..

and this Securing of Funds.. thing.. well it is one of the top issues that my Blog and Video visitors just love.... so what is the Real Story?

Got a Tip ?
Crystal@CrystalCox.com

Much More On this Topic Coming Soon..

Thursday, April 8, 2010

Stephen E. Taylor Links for your Research....

Stephen E. Taylor directly typed in www.CEORayDavis.com

So what Connection does Stephen E. Taylor have to Umpqua Bank or Summit 1031?
Well Let's take a Google and SEE..

http://www.justice.gov/usao/gan/press/2007/06-27-07.pdf

http://www.justice.gov/usao/gan/press/2007/04-18-07b.pdf

http://findarticles.com/p/articles/mi_m0EIN/is_2000_Sept_14/ai_65253546/

http://findarticles.com/p/articles/mi_m0EIN/is_2001_Jan_4/ai_68725856/

http://irsmostwanted.blogspot.com/2007/04/canton-ga-stephen-e-taylor-34-co-owner.html

http://www.tcolaw.com/pdf/Stephen_E_Taylor_CV.pdf
Scared ya for a bit .. huh.. well This Stephen E. Taylor looks to be a California Attorney, he must be the Berkely Connection on the Sites all the time.. friend or foe? His he on the right side of the law and the right side of the Moral Compass??? I Hope So..

Who LOVES this Blog? Stephen E. Taylor - Eagle Point Umpqua Bank - Bank of Napa - Liberty Financial Group - Macquarie Holdings

Blog Visitors...

Bank of Napa
Napa California
20 HOURS .. WoW
now Who Else do we Know in Napa???

7th April 2010
15:21:33
Page View
No referring linkwww.ceoraydavis.com/

7th April 2010
15:25:47
Page View
No referring linkwww.ceoraydavis.com/

7th April 2010
15:27:50
Exit Link
http://www.faqs.org/sec-filings/100219/UMPQUA-HOLDINGS-CORP_10-K/#tx94152_6#ixzz0gbbbbEOP

8th April 2010
11:57:31
Page View
No referring linkwww.ceoraydavis.com/

Eagle Point, Oregon
Umpqua Bank

San Francisco, California,
United States
Stephen E Taylor

Eugene, Oregon, United States
Liberty Financial Group

New York, United States
Macquarie Holdings

Much More Coming Soon..
Got a Tip on CEO Ray Davis?

Email Me at
Crystal@CrystalCox.com

Monday, April 5, 2010

Mark Neuman Emails to Me.. about the Form 10-K Report Filed with the SEC.

Thu, February 25, 2010 7:42:00 PM

"" At the bottom is the link to the Form 10-K report.

But here is the disclosure in Umpqua's 12/31/09 financials statements under "Legal Proceedings" regarding the two lawsuits filed by Padrick and the Umpqua creditors (they are really the same lawsuit, I think because there was a possibility of a problem with the lawsuit that Padrick filed). Hmmm.... see the sections I highlighted below.

They convinced the auditors to agree that resolving won't have a material effect.

ITEM 3. LEGAL PROCEEDINGS.

On June 19, 2009, in the Circuit Court of the State of Oregon for Multnomah County, Kevin D. Padrick, Trustee of the Summit Accommodators Liquidating Trust, as plaintiff, filed a complaint seeking damages of at least $30 million from Umpqua Bank.

Plaintiff alleges that the Bank’s provision of banking services to Summit Accommodators, Inc. (“Summit”), a 1031 exchange accommodator, aided and abetted the principals of Summit to breach their fiduciary duty to Summit.

Based on the allegations in the complaint and our understanding of the relevant facts and circumstances, we believe that the claim is without merit and the Company is vigorously defending the claim.

On September 10, 2009, Danae Miller and fifty-seven additional plaintiffs, who are creditors in the Summit bankruptcy, filed a complaint in Multnomah County Circuit Court seeking damages of at least $30 million from Umpqua Bank.

Plaintiffs make allegations that are similar to the allegations made by Padrick, i.e. that the Bank’s provision of banking services to Summit aided and abetted Summit’s breach of fiduciary duty to plaintiffs.

Like the Padrick case, we believe that this claim is without merit and the Company is vigorously defending the claim.

No loss accrual has been made for either of these claims in the accompanying audited consolidated financial statements.

In addition, due to the nature of our business, we are involved in legal proceedings that arise in the ordinary course of our business.

While the outcome of these matters is currently not determinable, we do not expect that the ultimate costs to resolve these matters will have a material adverse effect on our consolidated financial position, results of operations, or cash flows.

Read more:
http://www.faqs.org/sec-filings/100219/UMPQUA-HOLDINGS-CORP_10-K/#tx94152_6#ixzz0gbbbbEOP

Mark ""

Folks, there seems to be alot more to the Summit 1031 and Umpqua Bank Connection. I Say Dig Deeper, Way Deeper..

Crystal L. Cox
Investigative Blogger

CEO Ray Davis - VP Brad Copeland - Umpqua Bank Compliance Officer Duties - A Bank CEO and Vice President KNOW their Duties.

I Believe, IN my Investigative Blogger OPINION.. that Umpqua Bank CEO Ray Davis and Umpqua Bank Vice President Brad Copeland are Hiding some huge secrets that the Summit 1031 Creditors have a Right to KNOW...

Here are a few tidbits on Compliance Officers...

Umpqua Bank Compliance Officer Job Description, in Online Job Offers ...

"Ability to demonstrates compliance with all bank regulations, Follows all Bank policies and procedures, compliance regulations .."

Who Hires a Compliance Officer for a Bank?

Who Knows Full Well What the Duties of a Compliance Officer Are?

What is the Umpqua Bank Compliance Program ? Does it state that emails will be monitored for quality control or compliance?

" The Chief Compliance Officer serves the CEO and Board of Directors by reporting on the Company’s compliance efforts and providing guidance on compliance matters. The Chief Compliance Officer, together with the Compliance Committee (or other committee) of the Board, is authorized to implement all necessary actions to create an effective compliance program."

So the CEO of Umpqua Bank knows FULL Well What a Compliance Officer Does Right? And so does an Umpqua Bank Vice President, who are you trying to FOOL? Oh .. the Creditors..

Part of the Duties of a Bank Compliance Officer is to Provide reports on a regular basis, so the Executives at Umpqua KNEW that the Email Monitoring was a part of the Compliance Officers Job - there is No Way that they did not know that email would be in this 100 Million Dollar Scandal.. keep in mind Summit 1031 had a BILLION dollar pass through their Greedy Mitts over the last Decade...

An Umpqua Bank Compliance Officer Can can review email dialog for content. The Bank CEO and Vice President KNOW THIS... without a Doubt.

Compliance Regulation Bank, Umpqua Bank Compliance, Umpqua Bank Compliance Officer Duties, Chief Compliance Officer , and more.. coming soon..

Coming Soon and Research Tips, Find an Old Lawsuit that Umpqua Bank Brad Copeland and Or CEO Ray Davis were in or had to know about, where the emails were used - this proves they knew that in the Summit 1031 Case the eMail would be an instrumental part of the case again.

Get a Copy of Umpqua Bank Policy and Procedures to see if ANYTHING to do with email monitoring, or saying that emails will be part of a lawsuit.

In that eMail Umpqua Bank Brad Copeland admits to knowing that emails are subpoenaed, that only admits Guilt. Vice President Umpqua Bank knew that THOSE emails would be part of the record and so he sent that Email to CEO Ray Davis to Make sure it was Part of a Lawsuit that they Full well knew that had Plenty of Exposure on.

Brad Copeland admits in that email that the Summit 1031 Principles asked them to "get in bed with them" - So how can Summit 1031 say they did do this?

And if Umpqua Bank CEO Ray Davis and Vice President Brad Copeland did not "get into bed with" Summit 1031 - Summit Accommodators, Lane Lyons - Tim Larkin - Brian Stevens and Mark Neuman ..

WELL then WHO did, because what is playing out to me shows that those boys are not real smart.. so someone hid their assets and helped them hid money for many years... WHO Was it?

I Say, in My Opinion, the CEO Ray Davis and Vice President Brad Copeland are trying to hide something HUGE and that they know a lot more on the Summit 1031 Scandal then they have yet to admit. I Say, in my Opinion - that they staged that email in hopes of avoiding a .. say 30 Million Dollar Lawsuit and that they, in my Opinion were indeed in bed with Summit and in a Very Big Way..

Compliance Officer Research Links

http://www.ucdmc.ucdavis.edu/compliance/program/job.html

http://www.complianceweek.com/article/1279/sample-job-description-chief-compliance-officer

http://www.igniterealtime.org/community/thread/34234

Also Research the HUGE Scandal about Compliance Officer Peter Sivere - the JPMorgan Whistleblower - who caught an email that incriminated the big boys and THEY Fired Him...

http://www.senseoncents.com/2010/01/the-sec-pimped-peter-sivere/

http://www.noquarterusa.net/blog/2010/02/03/sec-ig-report-george-demos-pimped-peter-sivere/

Sunday, April 4, 2010

Why Crystal L. Cox, Investigative Blogger Believes there is a High Possibility That Summit 1031 Exchange REALLY is "in bed with" Obsidian Finance Group?

What If, ... as we see in Mark Neuman, Summit 1031 Principles eMails to Investigative Blogger - Mark Neuman or Really any of the 4 Summit Principles or Affiliates really did take that "Attorney Advice" that Mark Neuman Tells Crystal L. Cox in his emails to her.. that he was given advice from his own attorney that he better jump in bed with Kevin Padrick.

What if the ONE or ALL of the Summit Principles ALL ALONG or at ANY point over the last 15 months... did actually get into bed with "Kevin Padrick" - "Obsidian Finance Group"?

What if the Umpqua Lawsuit was staged somehow to make Obsidian Really Look outside of it all?

I, Crystal L. Cox - Investigative Blogger now Believe that Umpqua Bank Executives knew full well that their eMails were constantly monitored by a Compliance Officer, it is the Nature of the Job and a 2 Million Dollar a Year Salaried CEO of a Multi-Billion Dollar Bank would have to know that.

What if Kevin Padrick, Obsidian Finance Group put that eMail in his report to give Umpqua a Way out?

I mean Judge Dunn seemed to Favor Umpqua right? Yet we know from the Sound Byte that Bankruptcy Whistleblower Stephanie DeYoung posted that Judge Dunn actually picked, appointed and kind of forced Kevin Padrick into the Role he has in the Summit 1031 Bankruptcy. ( a Side Note to this, we also know that Bret DeYoung was upset and knew Mark Neuman would be upset that Stephanie, on her own, posted that sound byte of Judge Dunn appointing Kevin Padrick)

So Judge Dunn, Kevin Padrick and Umpqua may be, really more Chummy then they would like the public to believe. And Bankruptcy Whistleblower Husband Bret DeYoung may be alot more "in bed with" Father in Law Summit Principle Mark Neuman then we knew..

The Umpqual Email - Staged Event..
With those eMail Communications between Umpqua Vice President Brad Copeland and Umpqua CEO Ray Davis it just does not make sense that this happened after Umpqua Filed for Bankruptcy and that only this email surfaced the way it did...

See .. why are there not other communiciations between Umpqua Executives in house, with Summit, with Realtors, with Mortgage Brokers, Attorneys or anyone really anyone as far as that goes..

Why Just This eMail?

It Makes No Rational Sense.

I mean surely some eMail or correspondence over the last few years would factor in to a "Savvy Investigator" File.. So why this eMail - MAKES no Sense, I Believe it was a Staged Event Period.

******
What if Judge Dunn, the DOJ Trustee, Obsidian, and the Summit 1031 Principles are really "in bed with" each other on so much more then can even be imagined?

******

Other Reasons that Make Sense that the Summit 1031Principles
MAY very well, indeed be "in Bed with" Obsidian Finance.

Kevin Padrick was Original Going to Work for Summit 1031 Original and things Oddly Changed, what if Summit Paid them off and Obsidian Finance Group switched sides on purpose to create more money for all the "Bad Guys" from that position.. ??

What if the Summit 1031 Principles made sure that Bankruptcy Whistleblower Stephanie DeYoung got that video of that meeting to ensure that their version of the story was told..???

And what if Kevin Padrick fought that Video with a fiery to make it look like he was really against it all.. yet it was staged for us to expose .. to make it look like Summit was against Obsidian.. I mean listen to the pre-video - that could easily have been staged.. AND we know that Tim Larkin told Stephanie DeYoung how the video should be and "the point is to get the sound"

Yet She was the ONLY One that Got Criminal Charges for that Video, Why?

Kevin Padrick cannot afford to make it seem like he wanted the video out to make it look like he and summit were on opposite sides, so maybe he pressed those charges to get attention to the story .. that he Just did not Approve of those Videos.. and the Bend DA went Right Along with it???   What If it Happened that way.. ?? ....

What Changed Mark Neuman after March 4th 2010?

Why Did Mark Neuman NOT send me a link to the breaking news on the Summit Settlement on March 4th, and well Neither Did Bankruptcy Whistleblower Stephanie DeYoung as far as that goes. After all this time Mark Neuman Summit Principle sending me links, thoughts, information sometimes even quite demanding as to what I post and when..SO why not That.. ??? I mean you can see in eMails to me that the "Settlement" was what they all wanted so bad and for so long.. so why NOT send me that Big New.. ??

Unless there was so much more to it and he did not want
Mad Dog Blogger Crystal L. Cox all Up in His Business...
Why Else would Mark Neuman be so Brave,
so Comfortable with his situation after 15 months,
and after the 16.5 Million Settlement on March 4th 2010.

I believe Mark Neuman was comfortable and went back to his Old Asshole Self because he felt and was reassured by someone that he was in the clear.   And he was ready to take back the reigns of his life, take charge of His Women Folk and get back to the business of the Life of Mark Neuman, Mega-Millionaire ....

You can tell from eMails that Mark sent me that he thought of me as friend, What Changed?

You can see that he was like.. Yeah Crystal, and even fed me stuff, and then after the Settlement it was Screw you Crystal.. and then he went to deal with STOPPING the Friendship I had built with his Bankruptcy Whistleblower daughter Stephanie DeYoung, Why?

Makes no sense really, I had never even met her.. and was certainly not brainwashing her. He fed me information on the family and all the relatives and then convinced her mom that I knew to much about everybody.. yet he was the one who told me.. you can see in eMails..

The Other 3 Summit Principles - Lane Lyons, Tim Larkin, and Brian Stevens... Well .. During 15 months and though it was Obvious that I was Fully Capable of getting their Story out, well the Other 3 Principles of the Summit 1031 Bankruptcy never emailed me their story, did not email me links - did not draw my attention to anything.. Why? I mean it was obvious I was no part of this and just telling the story so why not send me ANYTHING? Why not Get Heard?

Other Reasons that May Factor in..

Why Did the Bend DA, Kevin Padrick only charge Bankruptcy Whistleblower Stephanie DeYoung with that video When those Attorneys are Smarter then that, they knew that ALL in the Room Knew, including another Attorney - Terry Vance.

Maybe the Bend DA and Kevin Padrick Staged that?

I mean Summit had been rumored to be in bed with local officials on many developments, so why would the Bend DA do this Criminal Charges game with Bankruptcy Whistleblower Stephanie DeYoung... Really and

Why only Her ????

Why after 15 MONTHS and NOT Before the 16.5 Million Dollar Settlement HAD the FBI failed to Interview who seemed to be the book keeper, accountant, a manager of many LLC's - an Insider - a Daughter of one of the Principles, and well a Very Important Interview?

Also other Investors who are pressured to turn over millions have called me and told me that they too have not YET been interviewed by the FBI.. so how in the World is it that Mark Neuman feels he is so In the Clear that he has not only turned on me, but is making active steps to contain information daily to Protect his Ass.. on all this. the biggest one being shutting up his own daughter - Bankruptcy Whistleblower Stephanie DeYoung - and using her Husband, Bret DeYoung to help him do it...

Is the FBI agent in on it?

Did the FBI Tell Stephanie she was Guilty of Money Laundeering to Scare her.. yet did not say this to other Principles to Scare them ??? WHY?

Is there an FBI payoff somewhere? Who Knows.. The Scandal is certainly widening daily and NOTHING would surprise me NOW...

Some Ideas and Thoughts..

Summit has connections in Colorado, there is so much around the Obsidian Finance Group - Obsidian Renewables deal that does not add up..

How did this jump up into the middle of all this.. ???

Maybe Summit 1031 has Stocks in PV Powered or that Colorado Energy Company that Bought it..

Maybe Summit 1031 gets some profit or something from Obsidian Renewables.

What Real Connections do the Summit Principles have to PV Powered or the Energy Company that Bought it? I believe there is a lot more to that story..

*****
So What if the Creditors Never Did have ANY independent Representation, Support or Advocate and only Big Money in bed with Big Money to Keep them Down and to Play High Finance Games with Each Other... and Benefitting Each Other.. ???

*******

It is a VERY High Possibility that One or ALL of the Summit 1031 Principles, Umpqua Executives, Judge Randall Dunn, Steven Hedberg, Obsidian Finance Group are all "in bed together".

They all knew that Bankruptcy Whistleblower Stephanie DeYoung did not know all this stuff and so they kept messing with her to create an illusion, and to play me into it to getting the Summit Illusion heard from the Rooftops.

I mean Bankruptcy Whistleblower Stephanie DeYoung is low man on the totem pole in this one, so why was she taking ALL the heat and pressure, criminal charges, the only one to be videod in deposition and more constant harassment.. why just her?

I NEVER did hear from other Summit Principles,
Lane Lyons, Tim Larkin, and Briand Stevens.. Why?

Why Did Summit 1031 Principle Mark Neuman
Get So Brave after 15 Months of Kissing My Ass?

So Much Does not Add Up that It makes My Head Spin...

More Inside Information on the Summit 1031 Bankrupcty at

www.SummitAccommodators.com

www.Summit1031Sucks.com

www.LaneLyons.com

www.CEORayDavis.com

posted by
Crystal L. Cox
Investigative Blogger

Got a Tip?Crystal@CrystalCox.com