Night Moves: EFI files fund Chapter 11

July 4, 2008

By KAREN VELIE and DANIEL BLACKBURN

Estate Financial Inc. (EFI) principals Karen Guth and Joshua Yaguda placed EFI’s Mortgage Fund LLC into voluntary Chapter 11 bankruptcy with a July 1 appearance in Santa Barbara’s Central District of California United States Bankruptcy Court. Their action puts the brakes on a state court-ordered evaluation.

During the past month, EFI officials have reportedly been spotted packing and moving boxes from their Paso Robles office at 806 9th Street, across from the city public safety building. Last Saturday, three days before Guth’s and Yaguda’s trip to the Santa Barbara courthouse and during dawn’s early hours, a black Mercedes and a dark Cadillac Escalade were parked on the street outside EFI’s private entrance while EFI personnel worked behind closed doors, an eyewitness said.

A state court injunction appears to prevent EFI officials from disposing of records; however, because of the federal bankruptcy, the state court’s authority may be moot.

The voluntary Chapter 11 also may imperil a Fresno attorney’s efforts to evaluate EFI’s fund.

“My job is to evaluate and investigate the books and records of the fund,” said independent evaluator Hanno Powell Friday. Powell was appointed by San Luis Obispo County Superior Court Judge Barry T. LaBarbera to evaluate EFI’s Mortgage Fund.

“The state court cannot order those books and records open to me while the fund is under federal jurisdiction,” Powell said.

Last month, a group of EFI’s Mortgage Fund investors filed a lawsuit and asked the courts to appoint a receiver in an attempt to protect their investments. In order for Powell to continue his investigation, the plaintiffs will have to file a motion in federal court asking permission to continue the state court action.

“We will know soon enough,” Powell said. “The bankruptcy judge has the right to grant permission.”

On June 25, creditors forced hard money lender EFI, the mortgages fund’s managing company, into Chapter 11 bankruptcy. Although the action gave the court immediate supervisory powers over EFI’s financial transactions, Guth and Yaguda were given 20 days to dispute the creditor’s claims.

However, in the case of the voluntary bankruptcy, the court requires Guth and Yaguda to file a list of the fund’s creditors, assets, and liabilities with the court within the next few weeks. At that time, the information becomes part of the public record.

Currently, 1,459 of the funds 1,460 loans are in default. Investors have placed $152 million into the fund, according to EFI’s web site.

One example of EFI’s eyebrow-raising fund management practices involves a 40-acre project on Ramada Drive in Templeton. Investors doled out $11.2 million in 2004 to fund the proposed mixed use development. According to EFI, in 2004, the projects had an appraised value of $19.1 million, a 58.6 percent loan to value ratio.

Although the project is fully funded — and more than two years have passed since the project was slated to be completed — Templeton Mixed Use Partnership LLC, the developer on the project, has not yet broken ground.

And current evaluations of the property, from EFI’s online accounting portfolio, assign the property an appraised value of $235,000, a 3,617 percent loan to value ratio.


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Stefan

By: Anonymous on 7/6/08

David – Are you a terrorist?

you say "and the changes that we will experience in the next 10 years and beyond—good changes—will be frightening to many but ultimately positive. We are on the cusp."


You are giving me the chills!

By: Anonymous on 7/6/08

if you see our leader he has escaped and i think he's on planet earth, his name is, Ottoimune, up here. i've heard that down there it's david calfafarting, or something like that. beware his air is rear. beam him back up.

By: Anonymous on 7/6/08

Yes David. The light will shine for those picking up cheap propertys from those of us that have lost everthing. Many of us do not have the option of going back to work to make up for what we have lost. When we are all dead and gone, and those that buy our property are benifing from a switch in the market,life will be bright for some.

By: Anonymous on 7/6/08

STEVE Garality:

how much will it take to finish that house (B311-04)?

is there still an illegal structure on the property?

what condition is the property in?

why are you still living in our investment?

these aren't criticisms, these are NEED TO KNOW matters.

we were given, by efi, three separate estimates for finishing lot 1, on wildflower–$30K, $90K, and $150K.

what would be an AS IS sale price?

By: Anonymous on 7/6/08

to David Ciaffardini


You are an ass. And you should check your spelling.

By: Anonymous on 7/6/08

Steve, I've heard your story and learned you never received all your money. Not enough to finish your project leaving it degrading and depreciating. Your struggles trying to get your money has been overwhelming causing you to sell any asset you had to 'try' to finish your project. If there is one last person standing that still believes many of these unpartnered bulders of Karen's took the money and ran, here is an example of a builder who became a victim. Thank you for your help in creating this BK. When Karen saw the milk went dry in her business due to your filing, she filed BK on herself. She was no longer free to utilize the money as she saw fit due to the scrutiny of the BK court.


I've spoken to many builders and it's apparent why builders use hard money lenders. Simply put, it's fast. However, Karen and Joshua didnt supply the funds timely or at all purposely creating a foreclosure situation on the builders. I realize you have been dealing with this since around 2003 long before investors knew of troubles. May the DOC or DRE require new regulations to keep these hard money lenders in check in the future. Hard money lenders should not be allowed to roam free with their own accounting. It's time for a monumental change in overseeing hard money lenders.

By: Anonymous on 7/6/08

superior court get together–love birds karen G. and chuck a.


WHAT'S–UP!


7/8/08 8:30 Applebaum, Charles FL030331 Order to Show Cause (OSC) COURT D 4


7/8/08 8:30 Guth, Karen FL030331 Order to Show Cause (OSC) COURT D 4


Stefan

By: Anonymous on 7/6/08

Hard money lending has a place in our business and it’s a lucrative enterprise for everyone involved.

When a borrower goes to a hard money lender, such as me, it doesn’t mean that we were bad risk. The building industry is capital intensive time consuming and over regulated through permitting and banking, so it makes sense to pay more in a good market.


I was fully aware of the higher interest rates, but factors such as speed is a variable as it may cost less to pay more. I have done many projects with commercial banks and private money over the years with good results.


For investors, extra income for slightly higher risk makes good sense. Like all investment everything has an element of risk. With real estate, being the first TD holder gives security that can not be had in stocks or bonds. She did claim that security on her website.


Loans not more than 70 to 75% LTV on the finished products is a good risk. Market declined about 20% in the last year or so, these investments should have about 90 to 95% value retained.


For an operation like EFI (must forgive me for this comment) it is a very lucrative business. Two points (Two dollars on each 100 dollar loaned as fee) plus two point spread on money invested and interest paid can provide a huge sum over time. With approximately $500,000.00 or more those pennies add up to a real sum. For borrowers, the speed and less paperwork in a market that accelerates extra cost more than makes up for the potential return.


All this said, we (investors, borrowers and fund managers) should be partying and having a good time around the pool sipping drinks and planning on new opportunities that are out there today with abundance.


Instead, what are we doing? I am writing this comment on the blog, fighting off lawsuits trying to survive after losing millions, wondering what happened.


Investors, who were drawn by a good sales pitch recommendation by their friends and families, invested all their life savings for a better return. Some are retired others still in their primes, most left destitute.


Karen Guth and Josh Yaguda are on the run now just filed their own Chapter 11 on the FUND proving that Ron Jim Scott and I were right about the involuntary BC. With our action, we prevented Karen and Josh to stay on and milk the assets of the Fund which belongs to the investors.


I wished Karen to oppose us so we could confront her in Federal Court she so cleverly avoided for so long.

My questions likely being answered; why would she not even respond to my complaint? Why would she allow me to get a Judgment instead defending her and the investors?


I think she new that eventually a BC filing will be in order. She had no regard for the investor’s money as long as she could avoid facing hard question through discoveries and depositions. Most likely she would have perjured herself just by opening her mouth, regardless what she says. This way, she postponed and left a huge liability behind for all her co-conspirators.


I still don’t know who else profited from this incredible misadventure, but we shall find out in due time. I for one will dig in for the long haul.


Al her defenders and skeptics now must face up to this reality that Ron and I have been struggling with for years.


Stefan

By: Anonymous on 7/6/08

To who and where is Andy Fetyko – I just found the article on page 4 of New Times (July 3-10 issue). We invested in this project. It was represented to us by Karen in the Investment Proposal as "Construction of a single family 3 bedroom, 2 bath home, with 1888 sq. ft of living space. Builder is a long time client of Estate Financial Inc." The loan was for $591,750 with an appraised value of $789,000. Another fraud perpetrated. Obviously the money from our investment was put into a pool to half build 9 condos, before being abandoned by her "long time client", Andy Fetyko. And to think just days ago she had the nerve to stand up in front of a room full of investors at Madonna Inn and urge us all to keep her and Josh in as managers. They are disgusting.

By: Anonymous on 7/6/08

Kenneth Slaught is President of Investec.

By: Anonymous on 7/6/08

805 Aerovista = Hamish Marshal / WestPac

By: Anonymous on 7/6/08

Is Karen's olive oil farm store still open? I'll bet that some of our money has gone into making her award winning olive oils. Can't wait for all those fancy magazines that have written so glowingly of her to find out where she got the money from. The many seniors who have been destroyed by Karen and Joshua's greed. Enjoy your olive oils. Is Williams Sonoma actually carrying her product?

By: Anonymous on 7/6/08

Speaking of Andy Fetyko – what is with Karen's multi-multi-multi million dollar loans to him? What's the story between him and Karen Guth? Is he going to end up a co-conspirator in all this? On page 2 of the New Times is a picture of just one of his abondoned projects in SLO – Rockview Place. It's disgusting.

By: Anonymous on 7/6/08

The Construction Deed of Trust lists the address for Templeton Mixed Use as 805 Aerovista Place, Suite 2, San Luis Obispo (I believe this may be where Andy Fetyko has or had an office?).

The signatures of the "Borrowers" are listed as: (1)"Templeton Mixed Use Partners, LP, a California limited liability company, General Partner" by: Ramada Partners, LLC,a California limited liabilitly company, General Partner, signed by: Hamish S. Marshall, Manager (2)"Templeton Mixed Use Associate LLC, a California limited liability company, General Partner" signed by: Kenneth P. Slaught, Manager and Richad L. Ridgway, Manager (3) "SLO Templeton Mixed Use Partners LLC, a California limited liability company, General Partner by: JMW Management, LLC, Its Manager, by: JM Wilson Holding Company, Inc., a California corporation, Its Manager signed by: John Wilson, Present

What do you think? Anyone up for checking out that address to see who is really the borrower on this 4 year old plus loan of $11,200,000 which Karen has the balls to actually show its appraised value at $235,000?

By: Anonymous on 7/6/08

TUESDAY's Meeting – by invitation only- is still on. Invitations are being sent out in a few minutes to those who made requests or called in a request.


THIS IS NOT AN OPEN PUBLIC MEETING due to lack of the room capacity.


At this time there are two spaces left. If anyone is interested in finding out what the next step is, you should come to the meeting. Contact estatebk@ymail.com

By: Anonymous on 7/6/08

To Anonymous:


Just to let you know: Ron Cooper's meeting is definitely scheduled for Tuesday evening. The meeting attendance is by reservation only. If you didn't make a reservation, with confirmation, you are out of luck! Sorry if you missed the boat! All reservations are taken. ;0{

By: Anonymous on 7/6/08

Is Ron Coopers meeting still on for Tuesday?


Stefan

By: Anonymous on 7/6/08

to david c.

we are looking for a new character for our dumb, dumber, and dumbest movie. call us.

By: Anonymous on 7/6/08

To David C

Huh? Have you read the DOC order to revoke or the DRE charges? Bring "the Golden Age"? Did someone fall down and bang their head real hard?

By: Anonymous on 7/6/08

Only a thorough forensic accouting will ever tell the whole story. The government is not going to pay for this level of investigation. You can sit back all day long and wait for the public agencies to do it however you will never get the full picture. It does not seem that Karen or Josh have filed for a personal bankruptcy at this time so it is feasable that EFI inc and the EFI mortgage fund could colapse and provide whatever pennies on the dollar to the investors. The owners and managers of these companies personal assets are not at risk at this time.

By: Anonymous on 7/5/08

Why on earth would the authorities think Karen and Joshua wouldn't remove boxes or distroy files just because the law mandated it? A judge and some peice of paper will stop them? How rediculous of the authorities to think Karen and Joshua would obey that!Crooks are crooks. If nobody is watching them they will do what ever it takes to protect themselves. There should have been 24 hour security watch on that facility mandated by law. Oh well, there goes more evidence.


Stefan

By: Anonymous on 7/5/08

Templeton Mixed Use belongs to Karen and Joshua. Boy, they really got the investors didn't they? They sure thought they were a bunch of dummies. I'm beating they feel fairly proud of themselves pulling off a stunt like this. I certainly wouldn't want to live the rest of my life looking over my shoulders regardless of which country I fleed to.

By: Anonymous on 7/5/08

Give Karen a call at the olive farm 805-227-0186.

By: Anonymous on 7/5/08

Mad Templeton Mixed Use Investor


They can run, but can't hide for long.

By: Anonymous on 7/5/08

Mad Templeton Mixed Use Investor


They can, but can't hide for long.

By: Anonymous on 7/5/08

I too have heard the rumor that Karen & Josh have left EFI and have removed many files from the office.


So who did the crooks select to run EFI, or are the doors going to be locked and no one will pretend to run this mess. Looks like a Trustee is the answer after all. Like now!


You can bet Joshua and Karen will be living off our money for a long time to come. Time to begin to look at thier olive oil company.


By: Anonymous on 7/5/08

On the Templeton Mixed Use Project, WHO are the Templeton Mixed Use Partners who took the $11 million????

Does anybody know?

I have also heard that Karen and Josh have left EFI !!!!Does anybody know anything about this latest event????

By: Anonymous on 7/5/08

Wouldn't it be more benificial for Karen to fight the Federal BK filing by Ron? This way she could by more time while Hanno is in position. Or did she already confirm 'no contest' to Ron's BK petition?

By: Anonymous on 7/5/08

Good point. No DRE license, no functioning business. Will no one be in the office during the time between the pull of the DRE license and Hanno (or the trustee – which ever comes first?). Or will Hanno just step right in once the DRE yanks the license. Anyone know?

By: Anonymous on 7/5/08

How can Karen operate without a DOC permit or a RE license? You know that the DRE will be taking it away any day. Won't she be dead in the water without these?

By: Anonymous on 7/5/08

To 'To When' – do you know how many days she has to respond to the BK court. She has to officially answer in a certain number of days. What is that time frame?


I believe the trustee will go into effect 20 days after serving of Cooper's BK filing if Karen doesn't fight. Karen filing the BK on the Fund will most likely keep Bk judge siding with her fight to keep EFI alive. So what is it, 20 BUSINESS days before the trustee takes control or 20 REGULAR days? Does anyone know the date?


Stefan

By: Anonymous on 7/5/08

To When


If she fights and wins? With all the goods that the DOC and DRE have on her, there is no way. She may be able to delay the inevitable with her BK filing on the Fund, and buy herself some time to try to get rid of records but the judge is not a fool. He will clearly see what she is attempting to do and allow the state filing to continue. Once Hanno gains access to EFI books and presents his report to the judge, Karen and Josh will be out of business.

By: Anonymous on 7/5/08

EFI and the Fund are two seperate entities, each need to be looked that way. A separate BK is operating for each. The Cooper BK should consume both in the end. But currently unless the BK judge orders otherwise there IS an automatic stay in place for the Fund and NO stay for EFI. So march forward with your legal action against Estate Finacial Inc.

By: Anonymous on 7/5/08

The BK went into effect the court served Karen nad Joshua.

They are under the scrutiny of the court now. If she fights it and wins, she could be out of the oversight within a few months.

By: Anonymous on 7/5/08

There are two lists that are crucial to the follow up concerning this incredible fraud. One is the APN’s of the Mortgage Fund properties and the other is the list of people and companies that did business with Karen Guth and Joshua Yagoda. The closer these individuals were to the lie that was Estate Financial, the more they knew that Karen’s entire operation was a conspiracy to fraudulently take money from investors. This list includes banks, attorneys, accountants, builders, title companies and anybody else that did a long term business with Estate Financial and received financial compensation for those services. Do these companies and people share culpability in what happened because they maintaining their silence and continuing to collect fees and make money from Estate Financial after they knew Karen was running an illegal enterprise to pay old investors with new investor money? They had to have known Karen was consigning huge construction loans to property where there was never any construction going on. Anyone with an automobile and an address could come to that conclusion and yet apparently they kept their silence.


Does anyone really think that Karen Guth was capable of misappropriating nineteen million dollars on a single deal by herself? I don’t believe she was able to do what she did without a lot of cooperation from a lot of people. I believe that the financial and real estate professionals and that were paid by Karen Guth are under obligation to make it right with the people whose money that they, by their complacency, were instrumental in helping to loot.


Was Attorney Rick Rodewald, who threatened me with possible legal action for asking questions about the financial viability of Estate Financial a year ago, ignorant of what was going on? He’s a Berkeley educated attorney, employed at the time by Estate Financial, married to the county recorder, entrenched in the counties business and social world, and yet he didn’t know about the questionable transference of deeds or the over encumbrance of the properties in the Mortgage Fund? Did Karen’s accountant not have the slightest idea there was something wrong when he certified her financial reports or signed his name on her income tax forms? When Heritage Oaks Bank facilitated Karen moving millions of dollars around, were they ignorant of the fraud being perpetrated on the Estate Financial Investors?


I intend to go out of this county for some legal advice on what constitutes conspiracy or culpability for the corporations and individuals who were paid to help Karen Guth do what she has done. I intend to find out what insurance these institutions or individuals carry and what they are liable for. Anyone with any information about the people that took money from Karen Guth while she carried out this abomination on her investors is welcome to call me at 805 610 4200. I am going to write letters to the people she paid to do her bidding and ask them if they knew of her actions but kept silent. It will be interesting to see if they are to important to respond or if they actually are willing to deny prior knowledge of these frauds in writing. Think about Karen Guth standing at the podium in the meetings, telling the poor misguided people who still wanted to believe in her that she wasn’t going anywhere and all she needed was a little more time when it looks like she knew back in 2003 that things were headed south makes me want to take action. If you know of somebody who knew of the situation and did business with Estate Financial anyway, drop me a line at 1100 San Ramon, Atascadero, Ca. Karen wasn’t doing what she did all by herself. Others knew and they knew a long time ago.


Stefan

By: Anonymous on 7/5/08

Interesting turn of events.

Where are the Karen Josh defenders? Any COOL -AID left?

By: Anonymous on 7/5/08

Does anyone know the actual date that Cooper et al's BK filing will take effect supposing Karen doesn't fight it? No guessing please!

By: Anonymous on 7/5/08

Predictions: The EFI BK will not be opposed by Karen but if she does oppose it, it might buy her a hair more time. But not much more time because the Fund should have a trustee placed in within 20 days, I believe.


I'm thinking the BK judge will let Hanno stay for the remaining time left before a trustee is placed.


Highly doubt the BK judge will allow Karen to assume debtor in possession position.


Karen's actions with her own BK was so predictable. It's classic text book Ponzi fraud as far as I'm concerned. She put a new definition to 'Ponzi'


By: Anonymous on 7/5/08

To Countdown for EFI employees,

Also Laura Paulsen during a meeting told me there were certain things she couldn't share because Karen wouldn't allow her to AFTER I asked legitimate questions. She also said in the mornings frequently they would have meetings and Karen would tell them what could and could't be said. EFI sounds like an honest place, dont cha think? But this is a moot point at this stage of the game.

By: Anonymous on 7/5/08

To Countdown for EFI employees,

Yes, they need to fess up or shut up, in jail that is. I can't tell you the BS I went through with some of them. They learned to look you dead in the eyes and knowingly lie! If they don't fess up, they deserve the jail time – BIG TIME!

By: Anonymous on 7/5/08

Alex


EFI Inc., is the EFMF manager, so if EFI Inc., is in BC and the court appoints a trustee, Karen and Josh effectively out of the picture. Also, They lost their DOC and looks like the Broker license.

Heads up. There is light at the end of the tunnel.

By: Anonymous on 7/5/08

The first thing to do is look at all transactions that have occured in the last 6 months very carefully since they must be looked at as a preparation for a BK. The BK court will do the same. Of particular concern would be any transactions between Karen or Josh and any friends and family including her ex.


Stefan

By: Anonymous on 7/5/08

Well,well,well. Go away for 3 weeks and I find that the house of cards has fallen.


Looks like Ron had a very good reason to put Estate Financial, Inc. into a BK. If he hadn't done it Karen would have. She just forgot to tell us.


Anyway, it always seem strange to me that Karen was not defending lawsuits, and did not fight the DOC accusations. The reason is now clear. Why should she when she was going to file BK anyway.


What can we do now to help make sure Karen and Josh do not get to continue to run this operation and our money further into the ground? Anybody know?

By: Anonymous on 7/5/08

The only fight Karen has left is will there be a Trustee running the entire mess or will the BK Judge allow Karen and Josh to be "Debtors in Possession."


I'm sure the BK meeting on Tuesday will spend a lot of time discussing that. For those who believe that Karen and Josh must be replaced by a Trustee, as I do, I strongly urge you to attend Tuesday's meeting and pool your resources. (see esttebk@ymil.com) The question of a BK or no BK is over. The question is only who is the best person/people to help us get back some of our money.


By: Anonymous on 7/5/08

I assume they are not preparing a defence on the DRE charges. By the end of next week I would imagine the DRE should take action to revoke. At that point they are not even allowed to manage the current assets.

By: Anonymous on 7/5/08

insider says:


So they put just the Mortgage fund into bankruptcy while leaving EFI inc. free to do buisness. Right? Sounds fishy.


By placing the Mortgage Fund into Banckruptcy, Karen and Josh stopped Hono Powell from moving forward with his discovery. By July 22, a portion of the Fund activities would have been exposed as FRAUD and all the info would be in the hands of the court.

They couldn't place the Corp. into Bankruptcy because of Ron and Co.'s filing. The Involuntary Filing effetively takes control away from Karen and Josh when it finally approved. They actually made things easier for Ron. Now if Karen files an opposition in the same BC court with the same judge, that would be comical to say the least. But who knows? Karen is capable of anything. I wanted to see her defending against the involuntary filing. We are deprived of that pleasure for now.

Just very curios, what now? Will they stick around or skip town? I am sure more to follow.

By: Anonymous on 7/5/08

I think that Karen's partner dan loyed drives a dark Escanlade!!

By: Anonymous on 7/5/08

I do think they just wanted to stop Powell. Ron's chapter 11 did not and they knew it. So they file chapter 11 on the fund. I hope Ron's attorney is able to get the court to allow Powell to continue.

By: Anonymous on 7/5/08

The way I read this Cooper asked for EFI Inc. to be placed in chapter 11 while Josh and Karen asked that the EFI mortgage fund that Powell was auditing be placed in bankruptcy. Two separate actions if I read it right. Interesting I'm not sure what it all means. Could it be Karen and Josh just wanted to stop Hanno Powell?

By: Anonymous on 7/5/08

So they put just the Mortgage fund into bankruptcy while leaving EFI inc. free to do buisness. Right? Sounds fishy.


Stefan

By: Anonymous on 7/5/08

Five words that are eventually spoken to every north county resident:


WILL THE DEFENDANT PLEASE RISE!

By: Anonymous on 7/5/08

Hello out there – Karen? Josh? don't you think that now would be a good time to practice those new communication skills that the PR firm (that we are paying for) recommended? That fancy website (that we paid for) might be a good place to put a short message notifying us that you filed for bankrupcy and what your plan is now. That PR firm should be able to come up with a good spin as to how you were forced to file bankrupcy. And what are those attorneys (that we are paying for) advising you to do? Can't wait to read how YOU agreed with the DRE that your license should be revoked, that you were actually planning on turning it in anyway!

By: Anonymous on 7/4/08

Doesn't Karen Guth drive a dark Escalade?

By: Anonymous on 7/4/08

Doesn't Andy Fetyko drive a black Mercedes?

By: Anonymous on 7/4/08

Laura, Shawna, Lupe, Pam, Mel –

Now is the time. If you want to try to save your skin, you should be hooking up with either the investigating agencies, Hanno Powell, Roger Frederickson or your own attorney. You are most likely going to be dragged down along with your employers who have been accused of fraudulent behaviour and misrepresentation. If you have knowingly aided them in their fraudulent activities YOU will be held accountable. The courts will most likely be more lenient with those who come forward first.

By: Anonymous on 7/4/08

Everything will have to be disclosed now and without delay. Lying to the court will really take a brass pair. I can't believe the court won't let Hanno finish his work.

By: Anonymous on 7/4/08

Bankruptcy will not end their problems. More documents to be scrutinized.

From here on, der penalty of perjury and in Federal Court.

Bankruptcy Fraud is investigated by the FBI. The day of reckoning is near.

Cngratulation to Karen and Josh. I am eagerly looking forward to sit across the table at the Trustee examenation. Huraaaa

By: Anonymous on 7/4/08

I guess Josh knew what he was talking about when he told everyone they had a stay. The Coop thought he had four aces and the game but the Mom and Son team threw out the royal flush. If they have been dealing from the bottom of the deck the federal bankruptcy court will provide no protection. See you in court.

By: Anonymous on 7/4/08

Maybe the Karen & Josh Cheer Leading Squad will begin to get smaller now. Put the Kool Aid down long enough to THINK!

By: Anonymous on 7/4/08

What is it going to take to put the handcuffs on these two crooks? Where is the Attorney General, where is the FBI, where is the IRS? Thank you Karen and Dan – there is no one else is the north county who is scrutinizing this. Shame on them. Who are they protecting and why?


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