Hertel and Fowler caught up in yet another scandal

March 5, 2009

By THE EDITORS

Securities and Exchange Commission investigators are probing California Assemblywoman Diane Harkey (R-Orange County), her husband Dan, and his hard-money lending company, Point Center Financial, regarding the Harkey’s relationship with R.W. Hertel and Sons.

The investigation is said to focus on Dan Harkey’s dealings with R.W Hertel and Sons, a company owned by Ronald Hertel and Robert Fowler, and the Burnett Development Company. Both companies donated to Diane Harkey’s campaign before receiving loans from Point Center. Each defaulted on their loans, which were subsequently found to have been massively overvalued. Thousands of investors have been left holding the bag and some are accusing Harkey of perpetrating a Ponzi scheme.

Investigators are looking into accusations that Diane Harkey’s husband’s lending company passed out loans with inflated appraisals to those who supported his wife’s campaign. The lawmaker said she had no affiliation with her husband’s company, asserting that she used $1.1 million of her own money to fund her campaign.

Hertel and Sons is the company that lost its contractors license in December, was forced into involuntary bankruptcy in January, and for years has been the recipient of numerous lawsuits regarding defective construction. Hertel and Fowler built approximately 1,000 homes in central California, many in San Luis Obispo County.

For more information, check out the following Los Angeles Times articles.

http://www.latimes.com/news/local/orange/la-fi-harkey3-2009mar03,0,301347.story

http://www.latimes.com/business/la-fi-loanprobe25-2009feb25,0,7449244.story


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4 Comments

  1. ccn_debate says:

    Member Opinions:
    By: shingh on 4/17/09
    FYI, The guy who was suing everyone in there brother on posting facts on the internet X-Con Ed Palmer is now dead.
    By: shingh on 3/14/09
    A Federal Bankruptcy Trustee has now been appointed to liquidate RW Hertel & Sons and Robert JS Fowler assets in the Federal Bankruptcy they are in. Sandra K. McBeth of Santa Maria, has been appointed as trustee to locate and dispose of the assets and pay the creditors. If your one of the many who have been scammed cheated by these guys notify the Trustee as soon as possible. In addition a separate Federal Criminal Case is being done as well, so notify the trustee or the FBI/IRS if you have evidence of fraud, perjury etc.
    By: JorgeEstrada on 3/13/09
    Poop and pay has now become news on the puppy sheets. http://www.santamariatimes.com/articles/2009/03/12/opini...
    By: averagejo on 3/12/09
    One area the article didn't note was the fact that the Department of Real Estate for the State of California had supposedly conducted a major audit of Point Center's financial records and found nothing illegal. The DRE legal department contact number in Sacramento is: 916-227-0789. With most of Point Center's properties in foreclosure, you would think the Department of Real Estate and other State investigative offices would have major files against them. Has the news media checked any of these government agencies for other complaints or have they just taken a "tip" from someone with unknown motives? Why only just a few headed by Harkey's neighbor and retired lawyer? My understanding was that the neighbor wanted Harkey to bail him out of his foreclosed properties and when Harkey wouldn't give him illegal and preferential treatment that the neighbor subsequently became litigious.
    By: shingh on 3/11/09
    RW Hertel & Sons are now officially Bankrupt Chapter 7, Hertel and Fowler failed to show up for there own bankruptcy so a federal judge signed a default and ordered relief for the creditors who filed against them, a new probe for fraud in now under way.
    By: JorgeEstrada on 3/9/09
    Your right too ChocolateMoose. Gov wants a poop and pay policy for everyone. Actually, this a bigger scandal than the el el se scandals.
    By: daro on 3/8/09
    Well expect more scandals with these guys and some serious Federal Banking and SAR investigations in which many interviews have already been done signed sealed and given to the LA US Attorney's for Indictment reviews as more come known, as SMR your correct Fowler at least is still involved with this Filliponi guy and remember Fowler and his wife Sandra recently got served legal papers at there new " Business" Meridian Realty Consultants at 811 El Capitan #210 in SLO, being ran by Robert Giordano & Robert Fowler dba as Giordano-Fowler, LLC using Folwer's old home address of 2997 Patina Ct, Camarillo, CA my guess is with the many investors, banks, private equity lenders, government agencies and private people and others suing them this will be a long one, but with several Federal and State agencies investigating them including now the SEC the amount of resources being put into the scandals will result in INDICTMENTS. After all many banks are after there Yachts and other items they stole and concealed. Rest assured they are in deep poop !
    By: DashRiprock on 3/7/09
    The whole system is screwed when they can take title as an LLC, with no recourse…these scum bsgs had everything to win, and little to lose..thought the upside would never end….if these f*cks don't end up doing hard time we are a sorry country.
    By: MooseMatson on 3/7/09
    Jorge,

    The charge for use is directly related to your production of effluent. You poop you pay.

    (2) 2 Total Votes - 2 up - 0 down
  2. ccn_debate says:

    Member Opinions:
    By: shingh on 4/17/09
    FYI, The guy who was suing everyone in there brother on posting facts on the internet X-Con Ed Palmer is now dead.
    By: shingh on 3/14/09
    A Federal Bankruptcy Trustee has now been appointed to liquidate RW Hertel & Sons and Robert JS Fowler assets in the Federal Bankruptcy they are in. Sandra K. McBeth of Santa Maria, has been appointed as trustee to locate and dispose of the assets and pay the creditors. If your one of the many who have been scammed cheated by these guys notify the Trustee as soon as possible. In addition a separate Federal Criminal Case is being done as well, so notify the trustee or the FBI/IRS if you have evidence of fraud, perjury etc.
    By: JorgeEstrada on 3/13/09
    Poop and pay has now become news on the puppy sheets. http://www.santamariatimes.com/articles/2009/03/12/opini...
    By: averagejo on 3/12/09
    One area the article didn't note was the fact that the Department of Real Estate for the State of California had supposedly conducted a major audit of Point Center's financial records and found nothing illegal. The DRE legal department contact number in Sacramento is: 916-227-0789. With most of Point Center's properties in foreclosure, you would think the Department of Real Estate and other State investigative offices would have major files against them. Has the news media checked any of these government agencies for other complaints or have they just taken a "tip" from someone with unknown motives? Why only just a few headed by Harkey's neighbor and retired lawyer? My understanding was that the neighbor wanted Harkey to bail him out of his foreclosed properties and when Harkey wouldn't give him illegal and preferential treatment that the neighbor subsequently became litigious.
    By: shingh on 3/11/09
    RW Hertel & Sons are now officially Bankrupt Chapter 7, Hertel and Fowler failed to show up for there own bankruptcy so a federal judge signed a default and ordered relief for the creditors who filed against them, a new probe for fraud in now under way.
    By: JorgeEstrada on 3/9/09
    Your right too ChocolateMoose. Gov wants a poop and pay policy for everyone. Actually, this a bigger scandal than the el el se scandals.
    By: daro on 3/8/09
    Well expect more scandals with these guys and some serious Federal Banking and SAR investigations in which many interviews have already been done signed sealed and given to the LA US Attorney's for Indictment reviews as more come known, as SMR your correct Fowler at least is still involved with this Filliponi guy and remember Fowler and his wife Sandra recently got served legal papers at there new " Business" Meridian Realty Consultants at 811 El Capitan #210 in SLO, being ran by Robert Giordano & Robert Fowler dba as Giordano-Fowler, LLC using Folwer's old home address of 2997 Patina Ct, Camarillo, CA my guess is with the many investors, banks, private equity lenders, government agencies and private people and others suing them this will be a long one, but with several Federal and State agencies investigating them including now the SEC the amount of resources being put into the scandals will result in INDICTMENTS. After all many banks are after there Yachts and other items they stole and concealed. Rest assured they are in deep poop !
    By: DashRiprock on 3/7/09
    The whole system is screwed when they can take title as an LLC, with no recourse…these scum bsgs had everything to win, and little to lose..thought the upside would never end….if these f*cks don't end up doing hard time we are a sorry country.
    By: MooseMatson on 3/7/09
    Jorge,

    The charge for use is directly related to your production of effluent. You poop you pay.

    (2) 2 Total Votes - 2 up - 0 down
  3. ccn_debate says:

    Member Opinions:
    By: shingh on 4/17/09
    FYI, The guy who was suing everyone in there brother on posting facts on the internet X-Con Ed Palmer is now dead.
    By: shingh on 3/14/09
    A Federal Bankruptcy Trustee has now been appointed to liquidate RW Hertel & Sons and Robert JS Fowler assets in the Federal Bankruptcy they are in. Sandra K. McBeth of Santa Maria, has been appointed as trustee to locate and dispose of the assets and pay the creditors. If your one of the many who have been scammed cheated by these guys notify the Trustee as soon as possible. In addition a separate Federal Criminal Case is being done as well, so notify the trustee or the FBI/IRS if you have evidence of fraud, perjury etc.
    By: JorgeEstrada on 3/13/09
    Poop and pay has now become news on the puppy sheets. http://www.santamariatimes.com/articles/2009/03/12/opini...
    By: averagejo on 3/12/09
    One area the article didn't note was the fact that the Department of Real Estate for the State of California had supposedly conducted a major audit of Point Center's financial records and found nothing illegal. The DRE legal department contact number in Sacramento is: 916-227-0789. With most of Point Center's properties in foreclosure, you would think the Department of Real Estate and other State investigative offices would have major files against them. Has the news media checked any of these government agencies for other complaints or have they just taken a "tip" from someone with unknown motives? Why only just a few headed by Harkey's neighbor and retired lawyer? My understanding was that the neighbor wanted Harkey to bail him out of his foreclosed properties and when Harkey wouldn't give him illegal and preferential treatment that the neighbor subsequently became litigious.
    By: shingh on 3/11/09
    RW Hertel & Sons are now officially Bankrupt Chapter 7, Hertel and Fowler failed to show up for there own bankruptcy so a federal judge signed a default and ordered relief for the creditors who filed against them, a new probe for fraud in now under way.
    By: JorgeEstrada on 3/9/09
    Your right too ChocolateMoose. Gov wants a poop and pay policy for everyone. Actually, this a bigger scandal than the el el se scandals.
    By: daro on 3/8/09
    Well expect more scandals with these guys and some serious Federal Banking and SAR investigations in which many interviews have already been done signed sealed and given to the LA US Attorney's for Indictment reviews as more come known, as SMR your correct Fowler at least is still involved with this Filliponi guy and remember Fowler and his wife Sandra recently got served legal papers at there new " Business" Meridian Realty Consultants at 811 El Capitan #210 in SLO, being ran by Robert Giordano & Robert Fowler dba as Giordano-Fowler, LLC using Folwer's old home address of 2997 Patina Ct, Camarillo, CA my guess is with the many investors, banks, private equity lenders, government agencies and private people and others suing them this will be a long one, but with several Federal and State agencies investigating them including now the SEC the amount of resources being put into the scandals will result in INDICTMENTS. After all many banks are after there Yachts and other items they stole and concealed. Rest assured they are in deep poop !
    By: DashRiprock on 3/7/09
    The whole system is screwed when they can take title as an LLC, with no recourse…these scum bsgs had everything to win, and little to lose..thought the upside would never end….if these f*cks don't end up doing hard time we are a sorry country.
    By: MooseMatson on 3/7/09
    Jorge,

    The charge for use is directly related to your production of effluent. You poop you pay.

    (1) 1 Total Votes - 1 up - 0 down
  4. ccn_debate says:

    By: shingh on 3/7/09
    Yes, and more scandals to be uncovered, here are a few:
    El Jardin Atascadero Investments, LLC
    Estancia Atascadero Investments, LLC
    Atascadero Town Homes, LLC
    Colony at Avila Beach, LLC
    Woodlands Atascadero, LLC
    RWHS Gonzales, LLC
    RWHS DG Legends, LLC
    RWH-RJSF, LLC this one is Ron Hertel and Robert Fowler using their initials. The list is long and many investors are soon to learn there money is gone.
    By: JorgeEstrada on 3/6/09
    Skyler, you are right it is a crock and meant to be as there are other issues not discussed as in our rights being undermined because some people getting all the attention. Example: Did you know the gov wants to charge for your use of your septic tank? Now that's a crock!
    By: JorgeEstrada on 3/6/09
    How much of the cheese, who have made the headlines in this media, are Democrats, Socialists or Commies? Just want to be sure that the cheese is not always Republican.
    By: mccdave on 3/6/09
    "Security and Exchange Commission" –> Securities and Exchange Commission

    CalCoastNews –> devoid of editing

    Republican law-and-order strongholds south of L.A. — Orange County and San Diego — sure seem to see more than their share of financial crime.
    By: shingh on 3/6/09
    Woe to them, this is just the start of the cases being prepared against them. Felonies under both Federal and State Law. They tried spinning there lies to the Tribune for years now they are facing the real McCoy's in the world of high flying Greed, Theft, Lies and Corruption, and to think Fowler says he still wants to work in our community. Ha ! the only work you will being doing is in a Orange Jump suit picking up trash along 101.
    By: hotdog on 3/6/09
    Yeah, just when are Hurst and Gearhead going to be doing time-it's about time!
    By: DashRiprock on 3/5/09
    The sins of the high flyers that burnt the little guy are finally coming to roost..i think Hurst and Gearhart should be locked up as well.
    By: 182PC on 3/5/09
    Nice story, I see the LA Times and Now other Media's are catching up to CalCoast News you were the first as i recall. Same outfit who tried to stop your web site as I recall. Good reporting. I always figured their was a conspiracy to these guys, and now I wonder where is all the Missing Millions ? My bet is more Law Suits and plenty of Federal Investigations and Indictments are yet to come down the pipe line. I did read the Suit against PCF and Harkey it is on the web and it does list plenty of victims of Investor fraud and losses in SLO including Daniel Sullivan and many more who invested with Harkey in Hertel failed Development El Jardin Las Lomas aka Atascadero Ventures, LLC I see where banks are after there missing monies and Hertel's Jets and Yachts so at least we know where some of the millions went, down to the Cayman Is. Great reporting where was the TRIBUNE ? Missing In Action on local story as usual.

    (2) 2 Total Votes - 2 up - 0 down

Comments are closed.