Banks on thin ice after risky loans to developer

May 17, 2008

By KAREN VELIE and DANIEL BLACKBURN

Bank loans which appear inadequately secured made to a well known North County developer — as well as an accompanying tangled web of loan transfers — may have created significant problems for some San Luis Obispo County banks.

Kelly Gearhart owns an 884-square-foot house on a small, oddly shaped Atascadero lot at 5120 Traffic Way. The property transferred several times between Gearhart family members before San Luis Trust Bank, in 2005 and 2006, lent Gearhart a total of $3,696,677 on the house. The property is worth approximately $250,000 in today’s market, according to real estate experts contacted by UncoveredSLO.com.

According to court records, the loans have not yet been repaid. Neither Gearhart nor bank officials returned calls and e-mails from reporters.

San Luis Trust Bank reported earnings of $1.03 million for the first quarter of 2008, down from $1.08 million for the same period in 2007. In a recent press release, bank officials boasted of their $3.4 million loss reserve fund.

However, due to a recent $1 million hit linked to the failure of Cameron Financial Group’s First Choice Mortgage, coupled with $3.7 million in what may be under-secured loans made to Gearhart, San Luis Trust Bank’s “cushion” is stretched thin during the current climate of economic uncertainty.

Federal authorities began keeping tabs on the fledgling bank not long after its inception in 1999.

Following a lengthy examination of San Luis Trust Bank, the U.S. Treasury’s Office of Thrift Supervision (OTS) determined the bank had engaged in unsafe and unsound acts and practices. The OTS and San Luis Trust Bank signed a 16-page agreement in May 2006, written to bring the struggling lender back into compliance.

Heritage Oaks Bank also has made arrangements with hard money lenders and their developers that appear to be overly-risky.

Heritage Oaks Bank loaned Gearhart $1 million on Jan. 16, 2008, on his 14-acre Vista Del Hombre project — located near the airport in Paso Robles — with a deed of trust to secure the indebtedness.

(Vista Del Hombre’s problems were detailed in an April 29 UncoveredSLO.com article.)

Gearhart has stopped interest payments to hundreds of private investors who put $27 million into the project through Hurst Financial in 2005 and 2007. Those investors, though, are positioned above Heritage Oaks Bank in case of a default.

Gearhart claims his Vista Del Hombre project is worth between $100 and $150 million. However, real estate experts contacted by UncoveredSLO.com estimate the property to have a value closer to $5 million.

That property now includes some infrastructure, a golf course, three temporary buildings, a group of Porta-potties, and a small trailer housing both a pro shop and a cafeteria.

A cursory search of Gearhart’s holdings could have alerted bank officials to his current financial standing. Of dozens of properties Gearhart owns throughout the county, many have intertwining title profile histories.

Between 1994 and 2003, a residence located at 6305 Alcantara Avenue in Atascadero was transferred nine times between different Gearhart family members. At various times, it was listed in his wife’s name, Tamara Gearhart. Then the property’s ownership transferred frequently, listed to either June or Raymond Knight, Gearhart’s relatives, according to a title report. Because of state regulations governing interfamily transfers, these exchanges cost Gearhart nothing.

On November 7, 2006, Gearhart deeded a residence on Encinal Avenue in Atascadero to his son, Jeremy Gearhart, at no cost. A month later, on December 8, 2006, Central Pacific Mortgage Company provided the junior Gearhart with a $250,000 loan on the property. Later that same day, the property was deeded back to Kelly Gearhart, according to the title profile history.

Anticipating a rash of bank closings nationally, the Federal Deposit Insurance Corp. recently announced plans to beef up staff by as much as 60 percent, according to the Wall Street Journal. The key concern is not residential lending, but commercial and construction loan concentrations at smaller, locally-owned banks.


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Stefan

By: Anonymous on 5/23/08

Sue now and THEY will have to prove your allegations are NOT the truth. Don't wait!

By: Anonymous on 5/22/08

Right on, Ripped Off. Hurst completely blew our trust and their obligations to manage the money. Since this will result in many hundreds of destitute oldsters no penalty will be too strong.

The word out today is they have closed their doors and 'downsized', maybe getting ready to split? Anyone know where they are?


rippedoffinvestor@yahoo.com

By: Anonymous on 5/22/08


Yes it's possible Gearhart didn't know what he was doing, Jay Miller and Courtney Brard clearly don't know what they are doing. I was told by Jay himself that he didn't follow what the builders were doing. Fact is, if Gearhart didn't know what he was doing fine, but he sure had no problem taking loan after loan, especially over the past couple years. I was an idiot for not following it all closer, but Hurst my broker was in charge of knowing all the right's and wrong's. They are most definitely responsible since they handed over the money to begin with. I trusted them and they took full advantage of that, this is why I'm called ripped off.

I promise this, if we all don't get back our money, Jay Miller, Courtney Brard and Kelly Gearhart will be too old to ever do this again if they get out of prison, and there are plenty of people willing to pay the bucks to see that prison is what they get.

By: Anonymous on 5/22/08

I'm wondering if I should feel sorry for Kelly Gearhart along with all the victims. I wonder if he's a victim too? Did he do this knowing that he couldn't pay the loans back? I wonder if it's posible that he's just a poor finance person and didn't realise what he was doing until it all came crashing down on him. This whole situation seems so sad for everyone. I really have a problem with the banks though. They clearly knew better. Something there is very very fishy.

By: Anonymous on 5/22/08

How could anyone be giving a loan to someone with all the projects in default? He must be on pins and needles waiting for this to close.

By: Anonymous on 5/22/08

ripped off says:


What do you think the DOC or the DRE wll do? Send a letter, but the money is gone with hardly any recourse to thinvestors.

By: Anonymous on 5/22/08

I'm not sure if this is related to the Hurst Financial defaults, but Mr. Gearhart received a NOD yesterday by MidCoast Mortgage on a property at 4600 San Palo Rd in Atascadero.

Amount = $1,500,000.


Leverage is a real problem when the market stops expanding.

By: Anonymous on 5/21/08

STOP Hurst Financial from destroying anyone else's future. Report them to the CA Dept. of corporations at http://www.corp.ca.gov/

On the left side of the home page look for "quick hits" Then click on where it says "consumer complaints". Jay Miller is currently still able to make new loans to any un-suspecting people until his license is suspended, like people out of state etc. I do not trust him, if your still in denial, god help you in getting back any money, he's only looking out for his own back!! Thanks


Stefan

By: Anonymous on 5/21/08

Love the dirt. Get the horses and the ropes. Wait, there aren't enough trees!

By: Anonymous on 5/21/08

I'll have to dig up my money from the backyard, or maybe I'll use my "stimulus check" !

By: Anonymous on 5/21/08

Attention:


80% discount on Lithium for all the tin hat bloggers.


Yourwelcome in advance

By: Anonymous on 5/21/08

Yeah Sally. Put your tinfoil hat back on and stop asking reasonable questions. Hey "Cynic", some of us don't have a dog in this fight so it might be a bit easier for us to view that forest through the trees.


By: Anonymous on 5/21/08

to anonomous


So what Karen said Atascadero instead of Paso Robles. A simple mistake. She knows where the links are. She went to the site and looked at it which is more than most of the investors did or that Hurst ever did. Whats your point?

By: Anonymous on 5/21/08

so much for not scanning/monitoring your blog comments…but when someone calls you out on saying the links was in Atascadero, where is that comment Karen…suddenly disappeared! FISHY

By: Anonymous on 5/21/08

I was surprised by the reaction of the SLTB President too. He yelled LIAR LIAR LIAR and then sputtered when it was revealed that a broker was on line looking at the public records. Then he said the records were wrong. One would think he would have been better prepared if there were a true defense! LIAR LIAR LIAR.. Very amusing.

By: Anonymous on 5/21/08

Hey Sally —


Who are you? Perhaps Mr. Lyons secretary who never gave him Karen's phone messages?


That guy needs a lawyer, not a cheerleader.

By: Anonymous on 5/21/08

We don't know who Vetted is. He could be a dead end. I would contact the IRS fraud unit with any info you have or send it to Karen and Dan.

By: Anonymous on 5/21/08

Since the financial information was posted over 2 Million has suddenly moved out of the posted accounts and is gone. Thanks you screwed us from getting a seizure notice. Now we are all screwed. If you have been screwed then by all means fax it to the number listed in Vetted post or mail it to IRS Fraud Unit Fresno, CA 93888 ASAP and stop posting the accounts they have seen them and moved the monies


Stefan

By: Anonymous on 5/21/08

sally:


You make too much sense and must leave the blog immediately!

By: Anonymous on 5/21/08

I listened to the show last night and I am surprised by the reaction to the SLTB president. I was ready to think the worst but was very pleasantly surprised at how articulate and reasonable he was. His comments made me want to find out more about the possible explanations for the discrepancies listed in the article. I know that I can’t be the only one who read the article and thought “There has to be more to this story.” As for the stock price dropping on both banks listed in the story, I don’t believe that the drop in stock price is exclusive to only these 2 banks – a review of the other local bank’s stock price shows that all of the stock prices have dropped.

By: Anonymous on 5/20/08

If I intended to sue someone for libel, I'd be inclined to let them build my case for me.

By: Anonymous on 5/20/08

ripped off says:


If he is in litigation, he was told not to say or comment on anything. Loose talk can come back to hunt him in court.

By: Anonymous on 5/20/08

I don't know about all these dealings with the bank. But I'm invested with Hurst, and if Gearhart was NOT guilty of doing all these allegations, he would be defending himself, but he's not! I not once have heard him say we are all wrong. If I was in his situation and not running a big scam job, I would be doing whatever possible to save my reputation, but he isn't doing that. Hurst is just as bad, I won't be surprised one bit if they close their office soon, Jay Miller now has the building they are in for sale, as well as his own house. Just keeps sounding better all the time doesn't it.

By: Anonymous on 5/20/08

There is no proof that Karen is wrong in her analysis. I heard her say on the radio that she personally examined 80+ deeds belonging to Gearhart and that there were no signs of cross-collaterization evident.


So instead of assuming that she is wrong, why don't we assume that she is right?


SLTB is in deep doo-doo!

By: Anonymous on 5/20/08

The amount of the loan on the property in discussion is a matter of public record. I'm not interested in what Mr. Lyon's new story is or what his twist is. The facts are documented. He really should have stayed off KVEC.

By: Anonymous on 5/20/08

to Mr. Rick


I believe you are right insomuch as the bank maid a buisness loan to Gearhart which often attaches one specific property with the right to attach all assets. I do question whether Gearhart is a master manipulator in which case the banks up sh@t creek without a paddle. If the bank made funds available to a buisness with faulty documents ie: finanacial statements that over value its assets then they have no security to speak of. They are at the bottom of the food chain. When and if Gearhart takes a dump we know which way it flows, down. The bank will be wading in it. This will never be covered by fdic insurance unless the bank goes under and some individual depositors of under 100k need recovery.


Stefan

By: Anonymous on 5/20/08

"Carol Ann Riley says:


To Mr. Rick,

The President of San Luis Trust already appear on the radio knowing full well what the allegation were and said that "the loan amount was wrong". If the property had been cross collateralized (which the records have already indicated that it isn't) then one would think he would have said so. SO which lie is it today?"


1.) The loan amount could very well in fact be "wrong". Karen is specifically claiming that:


"San Luis Trust Bank, in 2005 and 2006, lent Gearhart a total of $3,696,677 on the house"


SLTB's Mr.Lyon in turn specifically denied that allegation and said the figure loaned against the $250k house was around $150k. He did not state the exact amount of the loan nor any loan terms (cross colateralization), and doing so would have put him and his institution in violation of banking regulations.


2.) No evidence whatsoever has been presented that precludes cross colateralization in this case.


3.) Try to understand the position that Mr.Lyon is in: The institution he heads is being publicly accused of making a $3.7mil loan to a shady character against a mere $250k in security. The only way for him to specifically rebut that accusation is to violate banking confidentiality regulations. He did the best he could by saying the loan against the shit box was "approximately $3.55 million less than she claims" and specifically stating that SLTB did not loan the stated amount against the referenced property. What more would we have him do?


The poster who states flatly that "The bank has no collateral on the 3M" may in be correct but again no facts presented support that conclusion.


Regarding Gearhart, Hurst, and EFI Karen and Dan have done an outstanding job of presenting actual facts that clearly indicate misconduct, and their hard work and courage is to be applauded. However, on their central claim here in this story, that SLTB is under-secured on $3.7 to Gearhart, their presentation is "under-factualized" at this point in time.

By: Anonymous on 5/20/08

Mr.Rick says:


Also, regarding "Gloria" and her information. I have no particular problem with "her" posting it, but the conclusions she draws and the allegations she makes are enitirely unsupported by even one single sliver of factual information:


When the EFI debucle came to light and when an investor olaced an ad last yr, it was just an allegation also. Since than much information came to public domain. So, Gloria maybe just exposing something that should have been done some time ago. If its not true, let them prove it. remember, whe one files a claim in court, it must be proven by the defandant tha its not true. So far, there are too many things regarding Gerhardt EFI Hurst and others that is questinable.

By: Anonymous on 5/20/08

Anonymous says:


To Friends of Karen-

You think this site betters the community?? What a joke you and this site are!


May 20th, 2008 at 1:16 PM


Information power. This site provides it like it or not.

EFI wouldn't provide or even talk to investors until this site exposed them. Also, this site provides a public forum not like any of the so called "news media" that is more interested in appeasement than exposing dirt. Some comments makes no sense, but than you don't makey sense either. So, just go and get a life!!!!

MORAN.


Stefan

By: Anonymous on 5/20/08

To Mr. Rick,

There are no other "named" properties listed on the loan doc's. There is an agreement that SLTB may lien other properties in the case of a default but there are no specifics. Considering that many of his other properties have people lined up with first trust deeds and the fact that Gearhart claims the Vista Del Hombre property is worth 100Million, well I think you get my point. The bank has no collateral on the 3M.

By: Anonymous on 5/20/08

To Mr. Rick,

The President of San Luis Trust already appear on the radio knowing full well what the allegation were and said that "the loan amount was wrong". If the property had been cross collateralized (which the records have already indicated that it isn't) then one would think he would have said so. SO which lie is it today?

By: Anonymous on 5/20/08

Also, regarding "Gloria" and her information. I have no particular problem with "her" posting it, but the conclusions she draws and the allegations she makes are enitirely unsupported by even one single sliver of factual information:


She reveals bank account numbers, account balances, FEIN's, and entity names and structures.


That's it.


"She" then proceeds to claim that bank officials are taking kick backs and that the referenced accounts and entities are engaged in a ponzi con without offering one single shred of supporting evidence.


I am not saying "she" is wrong but merely pointing out that no facts have been presented to support the claims.

By: Anonymous on 5/20/08

Ok, I have listened to Mr.Lyons' call to Congalton and I think there is a good possibilty that Karen is getting this wrong.


Mr.Lyons is claiming that the loan against the referenced property is very small, less than $250,000, and that the $3.7mil mentioned by Karen represents the CROSS COLATERALIZED total. In other words SLB has loaned Gearhart a total of $3.7mil and encumbered numerous of his properties as colateral, the $250k house being JUST ONE OF MANY properties used to secure the loan.


Karen kept responding that she is only wrong if the $3.7mil on the $250k house deed is somehow a mistake, but she may be missing the point.


Bottom line, it is possible that San Luis Bank has loaned $3.7mil to Gearhart and thus recorded $3.7mil liens individually against ALL OF HIS PROPERTIES. The CUMULATIVE value of his encumbered properties could well be far in excess of the $3.7mil. The only way for Karen or anyone to know whether this $3.7mil loan is under-colateralized is IF SHE KNOWS THE VALUE OF ALL OF THE COLATERALIZED PROPERTIES. The properties used as colateral could or could not be in San Luis County.


Without alot more information you have to conclude that she could be wrong on this and likewise, based on simply what is presented here you cannot draw the conclusions that she is leading the readers to draw.


It is unfathomable that SLB would loan $3.7mil against a $250k Atrashcadero shitbox, and one cannot draw that conclusion based on the information presented here.


Stefan

By: Anonymous on 5/20/08

To Friends of Karen-

You think this site betters the community?? What a joke you and this site are!

By: Anonymous on 5/20/08

This displays the consant obsession of ksby to not offend their advertisers. by not protecting and informing the public of such blatant shell games with other peoples money ksby has lost its street cred.Perhaps their license should be reconsidered. to ksby go out and get a set!!!

By: Anonymous on 5/20/08

To Anonymous —


Why would Karen Velie WANT to work for New Times, The Tribune, or the Atascadero News? Looks like she's doing just fine on her own.


So what are oyu doing to make the community better?

By: Anonymous on 5/20/08

Thus far your information checks out and is correct on accounts, Suits, and moving of assets. If any of you has information on this Tax ID # 20-1204494 please post. Now as for reporting these crooks if you have valid information from WIRE FRAUD, LOAN FRAUD, BANK FRAUD,LOAN APPLICATION FRAUD, INVESTMENT FRAUD, TAX FRAUD, TAX EVASION, UN-REPORTED INCOME FRAUD, MONEY LAUNDERING ETC.. Fax it to C/O Duty Agent 1-213-576-3201 all your information is needed and is valuable and important no names if you want. Interested on Guth, Rossi, Hertel, Fowler, Gearhart, Little, and the rest of the bunch, including those in the banks who were involved. FYI all your information from Cindy, Marylin and David G. check out some of you have good information fax it to the Duty Agent.

By: Anonymous on 5/20/08

Good work USLO, yet another fine example of reporting that the local mackrel wrappers are entirely incapable of.


The Trib, etc. can only pull ideas off the wire and attempt to customize a local spin on them.


Reporting on this (USLO) level requires time, hard work, and balls. All of which are nonexistent at this county's main stream media outlets.


Regarding that San Luis Trust Bank stuffed shirt on Congalton yesterday – he sounded like someone shoved a live snake up his ass!


Nice work.

By: Anonymous on 5/20/08

TO Karen….


Also oh smart one, when you go on the radio trying to state facts, Vista Del Hombre is located in Paso Robles, NOT Atascadero

By: Anonymous on 5/20/08

To Karen…


Why dont you work for the Tribune, Atascadero News, OR New Times anymore????

By: Anonymous on 5/20/08

San Luis Trust Bank, ticker symbol SNLS.OB, looks like it is on its way to penny stock status.


Heritage Oaks (HEOP) has lost over 50% of its value lately.


I would not want any of my money at either institution, insured or not.


Stefan

By: Anonymous on 5/20/08

I have an idea to help David and Karen. Some of us can give $$$. Some can't. I wish more people would come forward and advertise on this site but it may be too controversial.


But here is something everyone who reads this site can do: Tell ten people about it and ask them to tell ten more.


It's simple. Just send an email to 10 of your friends, asking if they know about UncSLO and inviting them to check it out. Let's spread the word around the county so that everyone knows about the great work that's being done here and perhaps that will draw some ad support/$$$$.


Just an idea, but let's give it a try!

By: Anonymous on 5/20/08

Congalton has lost 80% of his audience? Doesn't sound like it to me.


You're an insider? Where? Inside ASH?

By: Anonymous on 5/20/08

This stuff encompasses Paso, Attascadero,SLO and a few states!Its a sideways County not just one town. SLO is actually worse than A-Town.

By: Anonymous on 5/20/08

Sooo, I missed the show last night darn it! What's up with SLB? Is there anyone out there that's not involved in this mess? Yikes! What a crooked little town!………… SOMEONE needs to write a book!

By: Anonymous on 5/20/08

Thanks to KVEC? Are you kidding? This site is all Congalton has to keep him afloat!

He has lost 80% of his audiance ever since he gave himself over to be a mouth peice for soros and his ilk!

Dan & karen are his last hope!

Trust me! I am an insider…I know the real truth.

By: Anonymous on 5/19/08

To Jay Edgar Hoover,

Go Back to your trailer in Arkansas.

By: Anonymous on 5/19/08

The radio interview tonight was amazing! Great drama when that A-Hole from SLB called in, but Karen and Dave stood their ground. What was that SLB guy thinking?


UncoveredSLO has made a big mark in a short amount of time. Hope the Tribune will try and catch up. Thanks to KVEC for their continued exposure for investigative reporting.

By: Anonymous on 5/19/08

J Edgar Hoover,

Time to come back into the closet Honey, you are way off target. Seems like another attempt to dumb a interesting blog down.


Stefan

By: Anonymous on 5/19/08

Damn straight the FBI is reading every word of comments here. Why worry about Osama bin Laden and pan-American drug gangs when we can sift through the ravings of the crankigentsia of Nowheresville, CA, regarding some POS property scam?


Great to see the caliber of people who invest in these hard money deals and read UncoveredSLO to find out into what rat hole their money disappeared. Dan and Karen must be proud to entertain such a sought-after demographic.

By: Anonymous on 5/19/08

I'm not going to speculate. The FBI reads this site. They know whats true and what isn't. Its easy for them to investigate account #'s. I think it could be SLB Bank or even HO passing mis information for whatever reason,maybe hoping that Karen will burn out chasing bs.

By: Anonymous on 5/19/08

Some of the information Dave G is posting is correct. The Florida connection and Las Vegas as well as a few of the LLC's mentioned are factual. I'm not sure about the rest.

By: Anonymous on 5/19/08

To David G.

This is very interesting and we will see if you are correct or someone having fun from SLB. I think your having a good time here and telling us stories. Someone who is watching might know more than you think.

By: Anonymous on 5/19/08

Well now the cat is out of the bag. Gloria was on target. HOB Mr. Perry confirms the accounts listed and then more, are ALL tied to a Con Ponzi Scam now gone bad. HOB Accounts

7406XXX

285496XXX

117XX

32XXX Bal. $ 2,700,941.25

7074XXX

7074XXX

7073XXX

7074XXX

7075XXX


City National Bank accounts

# 31051XXX $305,765.23

# 31052XXX $ 235,876.98


All connected with WADC or West Atascadero Development, Co. and COOKHAM HOLDINGS,LLC HFL Express, LLC with Jet Aircraft ID # N56HX at SLO Airport. The banks were involved in a money con and some employee's were getting Kick Backs. That is now over, a Federal Suit in Florida 07-CV-61031-JIC involved a $ 14,975,000.00 Yacht Scam with these people Gloria was on the mark. VERDOT GP, LLC is a Winery Front as well this is spread all over several States with much of the losses done at the Rio in Las Vegas last July. It involves several other local banks but Mr. Perry does not want to involve them yet.

Here are two of the account holders id numbers

557/82/7XXX

563/74/1XXX


It is a huge money scam and it is disappearing fast..

are all connected to a hide and seek scam, some are loans, Checking, Savings, CD's etc.. all to move and conceal monies


Stefan

By: Anonymous on 5/19/08

Congratulations.

By: Anonymous on 5/19/08

To request ksby to do a report about Hurst, Estate etc. call them at 541-6666. Thanks, we need the more the merrier to know about these cons!!

By: Anonymous on 5/19/08

To San Luis Trust

It was a B U S T T T T

By: Anonymous on 5/19/08

That was a great show. Karen and Dan can chalk another one up. Another one down and plenty more to go LOL. I loved it. You BUSTED THEM.

By: Anonymous on 5/19/08

If Karen was wrong about the loan SLB would of had all the information and been able to explain why the 3,000,000. was recorded as the loan. SLB is so full of it. All they could do was try and accuse, and cry liar, like a child caught with his hand in the cookie jar! Get your money outta that bank.

By: Anonymous on 5/19/08

To ripped off,

Whats the station phone # at ksby? I'll call.

By: Anonymous on 5/19/08

To Ripped Off,

KSBY knows whats on this site. They have copied stories before and been called on it. They just don't want to give this site a "plug" when they steal the stories. I'm sure they will run this soon. Maybe this time they'll be fair to Dan & Karen.


By: Anonymous on 5/19/08

Great Show – Thanks Dave and

Karen you kicked butt. I'm glad the broker called in with current public records access. The proof is right in everyones face.

By: Anonymous on 5/19/08

I wonder if anyone ever heard of "shuting their mouth" when they are guilty. Don't people know that the FBI listens to the Congalton Show. It's all over for SLB now. Give us OUR MONEY.

By: Anonymous on 5/19/08

Can you all please contact our news station at ksby.com and request them to get a story on the air about all this. There are plenty of facts for them now, and it's become so obvious these Corporations are frauds, not just some unlucky folks. The more people know about this, the harder they will fall, masses will see it on the news, not this blog. We don't EVER want them getting started again a few years down the road!!

By: Anonymous on 5/19/08

That’s my point… It is possible that it was Fat Fingered by the Escrow Company and not miss-reported by the bank.


I don’t know Gearhart or the Lenders. Just correcting the statement on the Air…

By: Anonymous on 5/19/08

I heard the show too. Karen & Dan are vindicated. SLB has a lot of explaining to do! They thought they could just yell LIAR! Too Funny, I guess we know who one of the people that received a "payoff" is.

By: Anonymous on 5/19/08

I just heard the Congalton Show. I can't even believe the SLB President called in and made a complete lying a– of himself. The TRUTH ALWAYS PREVAILS. It just cracks me up how people scream liar liar at this web site. This is the best investigative reporting in the state!