AimRite Holdings Corp (AIMH)

[TORPEDO]

Oh brother! It gets better. Russell Kidder’s 1988 arrest for 7 felony counts that included GRAND THEFT and FORGERY, included him allegedly swindling a doctor out of a trust deed loan on a house that belonged to one of his relatives; when the MD asked for the deed, Kidder allegedly drew up a FAKE DEED and presented it to him. Kidder also allegedly stole funds from a trust account. If these charges are true, then maybe it is not a far stretch to believe he and Morey tried to defraud AIMH majority shareholder of his asset (AIMH) with a fraudulent transfer.

Kidder filed bankruptcy April 8, 2011 with estimated liabilities of $1,034,930, including a $73,000+ federal tax lien, $199,371 judgment in favor of Union bank, and has racked up medical bills in 2010, including hospital bills, transplant and urology, and radiology bills.

In the bankruptcy papers, he lists 5,000 shares MSEH, 500,000 shares TRAC Fin’l Group (now 25K shs Avalon Capital Holding Group), 80K shares Advansys Companies, Inc., and 1 million shares BOCL.

What I’m wondering is, if both Marchi and Kidder are in bankruptcy, where did they get the money to buy the shell? They don’t have any assets or income to speak of.

Joby, if you would like a copy of the bankruptcy papers, send me your email address.