Tytan Holdings Inc (TYTN)

[CowsAndChickens]

TRUSTEE COMPLAINT TO DENY DISCHARGE

Below is a link to the bankruptcy document regarding Tytan CEO Mark A. Leonard in US Bankruptcy Court case #13-43836 filed 3/19/2014. This can also be found through the Pacer system where you can access court document directly.

This document is the Trustee's adversarial complaint to deny discharge. In this document you will find discussion of the sale of TYTN stock and allegations of where it went.

Link

Whistleblower Mitch Bogden provided the Trustee with results of his on going investigation of Leonard with regard to alleged securities fraud and now allegations of bankruptcy fraud. Bogden was able to locate Leonard's reconstituted tractor business in Chehalis, Wa. He alleges Leonard has relocated property from the former Tytan location in Kalama Wa and repositioned it in Chehalis. The Chehalis location is identified as Southwest Tractor. Leonard claims to have no interest in this business. Leonard's former sales person, Randy Redell is identified as the principle for Southwest tractor according to Washington State records. Mitch Bogden was able to photograph Leonard at the Chehalis location and also photograph property taken from the Kalama location. Bogden also contacted the landlord of the Chehalis location and confirmed Mark Leonard is the principle leasing the property.

Mitch Bogden's investigation also uncovered a "secret" Nevada corporation called Truper Corp. Through Bogden's past dealings with Leonard, Bogden was aware that Leonard used Truper Corp as a vehicle to import goods from China. With this information he was able to confirm import records where containers from China were delivered to the Chehalis location subsequent to Leonard's bankruptcy. The importer of record is "Southwest Tractor/Truper Corp. The Trustee has taken Bogden's information and determined it is sound. So much so that it has been incorporated into his complaint against Leonard.

Although it has yet to be adjudicated, it appears Leonard did sent money to China that was property of Tytan Holdings. It appears those funds have been converted to tractors and implements and Leonard is selling these for his own benefit.

For the past several year Mitch Bogden has been viciously attacked by Leonard and others who have interests in alignment with his own. As time wears on, it appears the reason Leonard has been so active in his attacks against Bogden is because his claims are being substantiated.

One of Leonard's biggest mistakes was to not pay former CPA Jerry Leslie for his services. Mitch Bogden took a chance and contacted Leslie and was able to convince him to come forward as a whistleblower as well. Leslie is intimate with the financial affairs of Leonard and Tytan. He has been a gold mine of information for the bankruptcy Trustee and the major creditor the FDIC. Leslie also revealed the testimony of Leonard in an arbitration against Mitch Bogden was false.