Thread: Who are the real criminals:

From: [email protected]
Subject: 12Dailypro
Date: September 29, 2006 6:37:36 PM MDT (CA)
To: [email protected]

NOTICE OF HEARING ON FIRST INTERIM FEE APPLICATIONS OF RECEIVER AND HIS PROFESSIONALS

PLEASE TAKE NOTICE that on October 23, 2006, at 10:00 a.m., before the Honorable Stephen G. Larson, in Courtroom No. 1 of the United States District Court for the Central District of California, Eastern Division, located at 3470 Twelfth Street, Riverside, California 92501, Thomas F. Lennon ("Receiver") will move the Court for an Order approving the first interim fee applications of the Receiver and his professionals, Allen Matkins Leck Gamble Mallory & Natsis LLP ("Allen Matkins"), counsel to the Receiver; William H. Ling, CPA ("Ling"), accountant to the Receiver; Poyner & Spruill, LLP, local counsel to the Receiver, and Investigative Technologies LLC ("ITL"), information and technology consultant to the Receiver. Detailed fee applications are on file with the Court. If you were served only with a copy of this Notice of Hearing, you may obtain copies of the applications and supporting papers from the Clerk of the Court, or by requesting them in writing from counsel for the Receiver, or by accessing the Receiver's website at Thomas F. Lennon, Inc.. The Receiver and his professionals request approval of the following fees and expenses:

APPLICANT.......................FEES.............. ........EXPENSES...........TOTAL
Thomas F. Lennon.............$213,154.50.............$871.29 ...........$214,025.79
Allen Matkins ..................$154,927.50.............$4,714.5 5..........$159,642.05
William H. Ling, CPA.........$8,692.50...............$124.81....... ........$8,817.31
Poyner & Spruill, LLP........$11,362.00..............$79.42......... .......$11,441.42
Investigative Techno. LLC .$222,787.50............$20,559.08..........$243,3 46.58
Total.............................$610,924.00..... ......$26,349.15..........$637,273.15

The Receiver and his professionals are requesting that an interim payment of 80% of the requested fees and 100% of the requested expenses be authorized on the current applications. The fees and expenses are requested pursuant to the order appointing the Receiver, which provides that the Receiver may employ professionals and that the Receiver's expenses and those of his professionals are to be paid from the assets of the defendants upon application to the Court. The fees and expenses of the Receiver and his professionals are requested only on an interim basis; the final determination of the ultimate allowable amount of fees and expenses to be paid to the Receiver and his professionals will take place at a final fee application hearing at the end of the case.

Procedural Requirements. If you oppose the application, you should consult, among other authorities, the Local district Court Rules for the applicable procedural requirements. Your opposition papers must be filed with the Clerk of the United States District Court for the Central District of California, Eastern Division, 3470 Twelfth Street, Riverside, California 92501, and served on the undersigned not later than fourteen (14) days before the hearing.

This application is based upon the Notice of Hearing, the first Interim Fee Application of Thomas F. Lennon, the First Interim Fee Application of Allen Matkins, the First Interim Fee Application of Ling, the First Interim Fee Application of Poyner & Spruill, LLP, the First Interim Fee Application of ITL, the Declaration of Thomas F. Lennon in Support of the Applications, and the pleadings and filings previously made in this case.

Dated: September 28, 2006

Loraine L. Pedowitz, Esq.
Allen Matkins Leck Gamble Mallory & Natsis LLP
501 West Broadway, 15th Floor
San Diego, California 92101-3541
Attorneys for Receiver Thomas F. Lennon

My sentiments exactly, huba!

I saw red when I read that report!

hzchoice

The real criminals are stormpay.
Yea the Reciever is getting paid and I do not agree with the large amount, but stormpay affected 100's of programs to try and save their own butts. It was not just 12dp froze.
Stormpay was more than willing to process for these programs until the law came in after them. Then stormpay knew they were in to deep. They did not have enough money left to pay the Reciever for 12dp so they froze everything they could in hopes of coming up with the money.
Hehehe.,stormpay did not anticipate the massive chargebacks they inccured to the tune of 53MILLION!!!!!hahaha.
Now the Reciever after serving scampay with unanswered subpeonias in Aug have gotten a direct court order for scampy to turn over their records pertaining to the 12dp account. Nov 15th 2006, 9 months after the first order deeming the Reciever control over all assets to 12dp.

ORDER COMPELLING STORMPAY TO PRODUCE RECORDS
Thomas F. Lennon, Inc.

So who is it that is really slowing down the Recievers job????STORMPAY!

Interesting,

In almost all cases where a receiver is assigned to oversee operations, which there are none once company has retraining order, it becomes an even bigger rip off than the original. (g)

I have researched dozens of cases like this over the years and in every single one, there is purposely no money left to refund to the rightful people who were screwed by scam. The receiver and his BS comrads rip off as much as they can get away with.

One case of a shut down operation which was not proven as a scam, just over stated income potential I studied, the receiver ended up taking more than was left in all accounts, over one million to sit on a stack of papers, not expenses were paid, no office, no nothing, and he had the nerve to bill out $1.2M. Judge got pissed and refused last payment receiver submitted, that is how bad this receive BS rip off is and in my opinion, this is criminal.

Happy Holiday Season to all, MIke