Sunday, December 07, 2014 11:55:35 PM
The only real remedy the share holders have is to sue Mark Leonard. He will not be protected by bankruptcy so he is a viable target. The shareholders however, will need to get into the back of the line as the creditors have first shot at him.
I am not sure why he has not done so already. My guess is that he will try to flee the country with whatever ill gotten gains he has. He should have never filed bankruptcy. He should have just taken what he could and gotten out of the country. Given the real estate to the FDIC. Bankruptcy made is possible for the FDIC and Mitch Bogden to pursue him with ease. The SEC may never have worried about him. Now he has committed bankruptcy fraud and is currently thumbing his nose at the IRS and Washington State Department of Revenue. In my opinion, it is not much longer before he is wearing some handcuffs.
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