ProTek Capital Inc (PRPM)

[21ZNA9]

PRPM DIRECTOR's VAST LEGAL ISSUES AND Judgements

Your PRPM "director".

PRPM CEO's many, MANY judgements and legal issues.

Only one judgment against Vakser you say?

This post will be 2 years old in May. There are additional judgments and evictions since then. Enjoy


ARTFEST "JUDGEMENT DAY" --RECAP REDUX

HERE'S A LIST OF LEGAL JUDGEMENTS against EDDIE VAKSER THIS WAS NOT REPORTED TO INVESTORS OR THE SEC. LINKS TO COMPLETE COURT RECORDS BELOW.
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On Feb 16, 2011 the court awarded an $82,684 in a non-trial judgement "AGAINST Eddie Vakser, Artchannel and Artfest International JOINTLY AND SEVERALLY" in favor of one Kevin Dillingham. The abstract of this record was made public on April 11, 2011.


According to the 'Original Petition' by Dillingham, "Vakser had entered into a "Guarantor of Obligation" on September 6, 2007 wherein Vakser agreet to pay $135,000 in the event of a default by PEC, LLC. on it's obligations to Dillingham. In fact, PEC, LLC defaulted on the underlying obligation and Dillingham made demand on Vakser to honor his guaranty. Despite proper notice and demand, Vakser refused and continues to refuse said obligation."

It also says that on that same date Artchannel agreed to repay $75,000 in 30 monthly installments --EV defaulted on that too.

[NOTE: PEC Holdings, LLC's "officers include Charles Harty, Edward Vakser, and Eddie's old croanie lawyer Patrick C. Guillot. Pec Holdings, LLC "was incorporated on Tuesday, September 25, 2007 in the State of TX and is currently not active. Patrick C Guillot represents Pec Holdings, LLC as their registered agent."
http://www.corporationwiki.com/Texas/Dallas/pec-holdings-llc/37940078.aspx ]

Eddie lawyer --Gregory J Barbaree of Landreth & Kulesz, PLC-- petitoned the court to QUIT THE CASE because Eddie "wouldn't communicate with, return calls or answer messages!" Atty. Barbaree filed a "motion of withdrawal" on 11-24-10 and notified all three defendants (Vakser, Artchannel and Artfest) via 'certified mail' to their new address at 13300 Branchview Ln!!! Eddie faced a non-jury trial on Feb 16, 2011 and LOST.

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Artfest defaulting on a $45k phone bill

"ARTS HAS "NO ASSETS" --DALLAS COUNTY SHERIFF

A 38 page petition --including receipts and supporting documentation-- filed on 11-1-2011 by Cypress Communications vs. Artfest International! Artfest LOST a 'default Judgement' on Jan 26, 2011.

THEN on March 17th, "Execution form #362" was issued to "Any Sheriff or Constable of the State of Texas" to recover or reposess assets in the amount of the judgement. The "Officers Return" report dated April 4th was returned "Nulla Bonna" to wit: NO ASSETS FOUND AT THE ADDRESS. The address being 13300 BRANCH VIEW LN.

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$800K Lawsuit by Steven Rash -Eddie's former President

President, Chief Operating Officer and Director of Investor Relations, correct? His 8 page complaint filed 7-23-10 allleges FRAUD, BREACH OF CONTRACT, MISREPRESENTATIONS [LYING], UNJUST ENRICHMENT, BREACH OF FIDUCIARY DUTY, (BY USURPING CORPORATE OPPORTUNITIES FOR PERSONAL GAIN), SELF-DEALING and more.

The letter dated March 25, 2011 from lawyer L. Shawn Mathis to Judge Craig Smith states that members of the Vakser family who serve on the board and whom Mr. Rash maintains receive "preferential treatment" have "expressly refused to turn over any tax returns" as and requests a motion to COMPEL them to do so! These documents were requested on 2-14-11 and the judge told Mr. Mathis to contact him if he had any difficulty in getting them.

Oh yeah, Eddie's attorney --a different one-- has pulled out of this case as well. Motion granted on 4-21-11.

http://courtecom.dallascounty.org/pav/ Case# DC1009236

STEVEN RASH vs. ARTFEST INTERNATIONAL INC, et al
http://courts.dallascounty.org/CaseDetail.aspx?CaseID=4514719

(At least this suit was acknowledged in a couple of 10-K's). I'm curious to know if any legal fees showing up on the financial reports
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THE TALLY SO FAR

$150,000 awarded to the former landlord at Midway Rd

$82,684 awarded to Kevin Dillingham

$44,850 awarded to Cypress Communications --THEN

$800,000 demanded by Steven Rash --trial date July /2011 (Vakser reniged on the settlement agreement reached in 2012. Final disposition is set for Feb 25, 2013)

PLUS interest, legal fees, etc.
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"Eddie has made some mistakes in the past." That was a recent admission made and by a big time fan of Mr. Vakser posted on this forum. Sure, anyone can make "mistakes".. but this appears to be a way of life for Eddie and some members of his family. Since this "fan" bought up "the past" I felt compeled to share a few examples. Even though they're not directly related to Artfest, they do seem to reveal a mindset and help paint a pattern of behavior:

JUDGEMENT: $492,934.87 Information Leasing Corp/ Leahman Brothers/ Terminal Finance Corp vs Eddie & Vladimir
http://roamdallaspropertyrecords.com/ailis/search.do?indexName=dallasimages&lq=Instrument%3A200302503154

JUDGEMENT: $134,763.68 against Eddie & Vladimir
JUDGEMENT: $ 22,148.08 against Eddie & Vladimir
JUDGEMENT: $ 22,620.75 against Eddie & Vladimir
http://roamdallaspropertyrecords.com/ailis/search.do?indexName=dallasimages&lq=Instrument%3A20070451189

JUDGEMENT: $40,296.51 JP Morgan vs Eddie & Vladimir
http://roamdallaspropertyrecords.com/ailis/search.do?indexName=dallasimages&lq=Instrument%3A200302587173

JUDGEMENT: $4,370.40 against Vladimir
http://roamdallaspropertyrecords.com/ailis/search.do?indexName=dallasimages&lq=Instrument%3A200403095694

Notice of lawsuit by JP Morgan vs. Eddie Vakser & Angie Tassan seeking judgement for "fraudulent transfer conveyance"http://roamdallaspropertyrecords.com/ailis/search.do?indexName=dallasimages&lq=Instrument%3A200403074462

U.S. DEPARTMENT OF LABOR SUES EDDIE & VLADIMIR
"Dallas Audio/Video Producers Sued To Restore Delinquent Employee Contributions to Pension Fundto recover delinquent employee contributions and loan repayments owed to the 401(k) plan. Amount: $46,308.00
http://www.dol.gov/ebsa/newsroom/pr061505.html

SHORELINE MANAGEMENT GROUP INC vs. EDDIE VAKSER
http://courts.dallascounty.org/CaseDetail.aspx?CaseID=4031316

PARKER MIDWAY LP vs. ARTFEST INTERNATIONAL INC, et al
http://courts.dallascounty.org/CaseDetail.aspx?CaseID=4515887
(BTW: Eddie's ARTFEST website still features photos of this facility that Eddie was evicted from. Besides not paying his rent he reportedly kept using common areas for his various events without payment or permission.

Then there's this. Just type the last name "Vakser"
http://www.dallascounty.org/criminalBackgroundSearch/

This is far from complete but you get the idea.