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Saturday, 09/29/2007 12:00:46 PM

Saturday, September 29, 2007 12:00:46 PM

Post# of 18151
I just went to pacer - the receiver filed her first report on Friday. Not a pretty picture.

There are two main documents, with a few exhibits. Read some, but not all yet. Not pretty, particularly one exhibit that shows a lot of money being taken out of USXP accounts by Richard and his wife for 'personal expenses.'

I will try downloading all of the files. Will need someplace to post them once I finish.

The financial situation at USXP is dire. One thing she notes, several employees actually charged company expenses to their own credit cards in attempt to keep the company alive - about 51,000.00 worth. So far she has not found any evidence that Richard or his wife did the same.

When I can find a home for them, I'll let everyone here know.

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