We as investors were defrauded, at the minimum, when the management of our LLC
changed as outlined in the Receiver’s report, to wit, from AE to AEMM. I was
never notified of a management change or the intent to loan millions of dollars
to other LLCs or people. Who can be made responsible for that? They published
one thing and did another.
--
Julia Pond
juliapond@xxxxxxxxxxx
On Mon, Aug 5, 2019, at 4:05 PM, Bill Pritchard wrote:
Several particular aspects of Friday’s court proceedings to point out.
1. Judge Gregerson was more interested in the speed of the court process than
in delving into details of AEM Receivership authorization. It was very clear
he didn’t want to become too overwhelmed in the complications of a
complicated fraud case.
2. Judge Gregerson commented on perfection at the cost of the good. This was
said in a courtroom in America. Absolutely stunning to this layperson. Why in
hell is the word “perfection” coming from a judges mouth? Who’s perfect?
What’s perfect? Nothing! What he should have said was “rights” at the cost of
the good. Legal rights are what courts argue about all the time. Perfection?
Never. What arrogance.
3. I have thick original copies of AEM Subscription Agreements, Operating
Agreements and Management Agreements. Why are they so thick? Because they
determine what AEI (not AEMM) management can and cannot do. It appears that
Davis, Wright, Trumaine who wrote those glorified legal docs must have been
paid by the page. By Judge Gregerson’s criteria, each doc could be one page,
one paragraph, one sentence. “AEI as manager of those infamous LLC’s can do
anything they damn well please in all their management wisdom.”
4. With the loss of $70M dollars, the comments of a few or even a single
investor was not worth the time of day. Judge Gregerson insulted every single
investor at that hearing. Such glibness and condescension.
5. Every single investor must be actively involved in the criminal
prosecution of Ross Miles and every principle player at AEI. It is not
possible to carry out such malfeasance and fraud without almost every
employee participating, I might exclude the janitor.
6. We need to meet & deliberate on who can be pursued for compensation. What
are all their names, where are they, what do they have and determine if there
is enough money to be found to make a suit affordable, then sue everyone
involved. If the cost of pursuit is not worth it, then we have to decide not
to pursue. But before that decision is made, we need to know more.
7. Personally, I wonder if Friday's decision is worth appealing? Or even
possible. I know I invested in LLC100 for the purpose of pooling money to be
loaned out to borrowers who put up their property as collateral. That’s what
I did in the ‘90’s when I invested in single mortgages. I invested in
mortgages. I did not invest in property to be sold. I never had to sell a
property to get my investment back in the ‘90’s. Selling was the last option
to used as a remedy for collection.
Enough for now. Sorry to go on, maybe it’s therapy.
Stay in touch,
Bill Pritchard
--
*Bill*
Dr. Bill Pritchard *Pritchard Orthodontics*
Cell: 360-921-1159 Tyler S. Pritchard, DDS, MS
www.pritchardortho.com William J. Pritchard, DDS, MS
drwjp@xxxxxxxxxxxxxxxxxx 2404 West Main St, Suite 110
drwilliampritchard@xxxxxxxxx Battle Ground, WA 98604
