Hertel claims as many as 300 bank accounts
August 5, 2009
Ronald Hertel, the local developer forced into bankruptcy by creditors, testified that he has as many as 300 personal bank accounts, though he is not quite sure.
During his testimony last week, Hertel said he was unable to explain money transfers because his employees handled smaller money exchanges, those under $250,000 to $300,000, without informing either himself or his partner Robert Fowler. [Ventura Star]