There were four declarations attached to the New York Class action couldn’t be covered in the last post. I planned to cover all four of them here, but the two from the investors don’t really add anything we didn’t already know, so I think I’ll leave them off for now. I’ve also left out information stated in yesterday’s post since these are all a part of that filing but some repeated information was included for context. Ed Wishner In a shocking turn of events, Ed is actually helping the victims. Or screwing over a former co-conspirator. I doubt either is being done out of the goodness of his heart. As you know he’s been at Terminal Island, but what you may not have heard is that he’s been living in the infirmary because he requires “frequent medical attention.” He’s doing this declaration because he “may not survive in prison long enough to testify in person.” My heart bleeds. Ed says that they kept investor files in file cabinets at NASI. These files generally included the purchase and lease agreements, proof of payments from the investor, copies of correspondence to and from the investor, copies of some monthly Investor Summary reports and
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New York Class Action
I’m putting a hold on the final installment of the saga of Joel’s Sentencing Brief until this is covered in full. Yet another class action was filed on September 29, 2017, and intended for victims located outside California. According to to the initial complaint, there are 500-600 victims located outside California who, together, lost about $45 million. Victims in California lost about $90 million. Off the bat, we have a discrepancy. The Receiver has been pretty consistently estimating $124-125 million. This case places it higher but this case is only counting from 2009-2014 – five years. Back when NASI shut down, people on Quatloos thought the Receiver could only go back five years but he ended up being able to go back seven. Perhaps because of the multiple jurisdictions of the victims (they are spread across thirty-six states), they can only go back five years in this case, which would account for the $10 million difference between this case and the Receiver. The suit alleges what I now consider boilerplate allegations against Fitzwilliam and CNB and adds Fuel Doctor into the mix. How he knew, how he helped, etc. What’s interesting in this one are the details revealed. I’ll try to
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