We all know that these are very serious accusations against the company which is the CEO Ron Mills period. I don't think that had any bearing on why our stock was down Friday. I have about as much trust and faith in Ron answering this accusation as I have trusting in him to have news for us shareholders before the end of this month. Our CEO is one scary business man. His secrets of running a business is extremely unorthodox.
To: scion who wrote (2305) 9/20/2012 11:01:10 PM From: MorningLightMountain Read Replies (2) | Respond to 2310 of 10025
UPDATE: TAMPA — The $240-a-night suite was registered to a "Ronald Mills," but the guest at a Hilton Garden Inn in Palm Beach County told staff to call him "Mr. Coffee."
Back in Tampa, he had a real name — John D. Stanton III — and a federal indictment was brewing.
Note: Ron Mills is CEO of ECSL, the Co that mysteriously has shares registered to Stanton's GF using a phony address siliconinvestor.com
tampabay.com
By Patty Ryan, Times Staff Writer Posted: Sep 20, 2012 01:49 PM
TAMPA — The $240-a-night suite was registered to a "Ronald Mills," but the guest at a Hilton Garden Inn in Palm Beach County told staff to call him "Mr. Coffee."
Back in Tampa, he had a real name — John D. Stanton III — and a federal indictment was brewing.
Scenes of life on the run for the former president of Cast-Crete Inc. emerged Thursday at a bail hearing in federal court. U.S. Magistrate Judge Anthony E. Porcelli decided Stanton should remain in jail until a federal tax case against him is resolved.
The judge noted that while Stanton has no prior criminal record, he has a history of defying court orders, especially when he disagrees with judges.
"There would be nothing to prevent you from running," Porcelli said.
Stanton was captured at an Orlando hotel on Sept. 7 after nearly 10 months on the run.
He was indicted Aug. 15 on eight federal charges, including one count of obstructing the IRS and seven counts of failing to file personal and corporate income tax returns from 2005 to 2007.
Federal prosecutor Robert Monk told the judge that Stanton is suspected of illegally diverting $43 million from Cast-Crete, a Seffner building supplies company, for his own use and for a company he controlled, Denouement Strategies.
Monk noted Stanton's age — he turns 64 on Friday — and said he could face 12?1/2 to 15?1/2 years in prison, a "powerful incentive" for him to "run and hide."
Stanton is represented by a private attorney, Paul DeCailly of Indian Shores. DeCailly reminded the judge that Stanton has ties to the Tampa Bay area, including "lots of children." He described Stanton as successful and charitable, once a decorated Vietnam combat veteran.
The prosecutor and the defense attorney offered dramatically different pictures of resources at Stanton's disposal that might facilitate flight.
"Mr. Stanton's financial wherewithal is enormous," Monk said, pointing to past court filings.
DeCailly filed a bankruptcy petition Dec. 13 on behalf of Stanton. One document lists assets of $380 million, including a $5 clock radio and a nearly $242 million stake in Denouement Strategies.
That week, a judge ordered Stanton to jail for not supporting his ex-wife, to whom he owes more than $10 million. But Stanton could not be found.
DeCailly said Stanton's assets are under the control of the bankruptcy estate.
"He has nothing right now," DeCailly said.
Judge Porcelli asked about the summer's hotel bills, which Monk said exceeded $21,000.
DeCailly said the room at the Hilton Garden Inn was under the name Mills but stopped short of saying Stanton didn't pay for it, leaving the judge's question partly unanswered.
DeCailly noted, "There's a difference between a large hotel bill and $380 million."
News researcher John Martin contributed to this report.
By William R. Levesque, Times Staff Writer Published: August 8, 2013Updated: August 9, 2013 at 02:44 AM TAMPA — The thing family and friends say repeatedly about John D. Stanton III is that he has been exceedingly generous through the years — to family, to friends, to strangers in a bind.
"I know of millions of dollars he has provided to schools and charities throughout our community," Dr. Benedict Maniscalco, a friend, wrote in a letter to a judge.
But Stanton's spirit of giving never extended to the IRS.
The former president of Seffner building-supply company Cast-Crete Inc., who led the firm to rare heights that included weekly profits of $1 million at its peak, was sentenced to 10 years in prison Thursday for failing to file personal and corporate income taxes.
Prosecutors said Stanton, 64, also convicted of obstructing an IRS investigation, cheated the IRS out of $63.1 million in personal and corporate taxes and nearly destroyed the company he led.
Stanton, who was held without bail pending sentencing, showed no emotion as U.S. District Judge Virginia M. Hernandez Covington pronounced sentence.
"I have no doubt he was generous to his family," prosecutor Robert Monk told the judge.
Covington replied, "You just can't do that with money that belongs to the United States government. That's the bottom line."
Stanton declined to speak at the hearing.
His attorney, Paul DeCailly, asked the judge for a lenient sentence.
Prosecutors wanted 10 years. DeCailly sought three or less.
DeCailly asked the judge to consider his client's good deeds and the fact that, for most of Stanton's life, he had never been accused of a crime.
He pointed to Stanton's Purple Heart and Bronze Star with valor earned in Vietnam.
"I ask you to take into consideration the whole person in passing sentence," DeCailly said.
Stanton left Cast-Crete with an IRS tax bill, including interest and penalties, of $140 million, a debt the company's new leader has said may take more than a decade to erase.
Stanton once claimed a self-worth of $269 million and lived a lavish lifestyle. But in recent years, his life disintegrated in a very public fashion.
His acrimonious divorce with wife Susan Stanton ended in a settlement. But Stanton was then accused of refusing to pay millions in support. He insisted he was broke.
Stanton then went on the run. He fled a family court arrest warrant after he was convicted of contempt for a willful failure to pay $6 million in support to his ex-wife and their child.
But Stanton, who lived in the Pinellas County community of Belleair, was captured at an Orlando hotel in September 2012 after eight months at large. Shortly after, federal prosecutors unveiled tax charges against him.
The judge also ordered Stanton to pay $37.8 million in restitution to the IRS.
The figure is lower than the IRS' total loss of $63.1 million. That's because the larger figure includes unpaid taxes from years for which the statute of limitations barred criminal charges.
Stanton was ordered to pay $300 a month toward restitution upon his release.
At that rate, it would take more than 10,000 years to clear Stanton's tax bill.
William R. Levesque can be reached at levesque@tampabay.com