EFTA02027057.pdf

To: jeevacationftmaitcom[[email protected]]; Jeffrey Epsteinbeevacation©gmail.com] From: drsra Sent Wed 11/2/2011 1:25:45 PM Subject Fw: RE: Regions Account 9643 Strange doings going on. Trent sent me this c-mail yesterday & supposedly the sale is set for today. Kranz and the Bank have not communictaed with went at all about this and Kranz did not return any of Trent's calls/e-mails. I thought about the 1099 tax implications yesterday and spentall afternoon trying to find out my exposure. My CPA said Hardman filed Hardman Development as a S Corp and his understanding is that the Bank will 1099 the Corp and the IRS will consider the forgiveness income for tax purposes. He said since I own 49 % I amy be liable for 49% of the taxes. He said selling my shaers will probably only save a small amount because the IRS will proportion the taxes according to the # of days I owned the company. He also said he is unsure about all this because the real estate tax laws have changed rapidly and widely in the past few years. He aws not in his office and could not research it. I called a friend who is a tax lawyer who only litigates cases and he immediately came over to my office. He said I should get an agreement from the bank that says they adopt my affirmative defenses and that they will 1099 Hardman and his wife only. He went back to his office and did some quick research last night and found a surpeme court case (Gitlitz) that say in the case of insolency the forginess of debt income does not pass thru to the shaergholders if the corp was primarily involved in real estate. I still have not heard whether theer is a short sale set for today. What a cluster! --- On Tue, 11/1/11, Trent Steele wrote: From: Trent Steele Subject: RE: Re ions Account 9643 To: "drsra" Cc: "Pesuv Salter" "Leanne Seibert" Date: Tuesday, November 1, 2011, 10:41 AM I just spoke to Mike Posen who is representing Reichard. The sale is going through tomorrow and they need you to sign a consent to the sale. If you don't sign the sale won't go through. I explained to Posen (who really wants the sale to go through and says it's supposed to close tomorrow) that you would sign if he could convince the Bank to not require any payment from you or to require Mike to pony up the same amount as you. I think we probably should speak today if possible. By copy of this email to Peggy, I'll ask her to call your office to schedule a phone conference (even during lunch hour if necessary). I'd like to also call Mike Kranz but I'd like to know for sure how you want to proceed although I have a fairly good understanding based upon today's email. I just don't see why the bank wouldn't agree to treat you the same as Hardman. Trent EFTA_R1_00535220 EFTA02027057 From: drsra Sent: Tuesday, November 01, 2011 9:42 AM To: Trent Steele Subject: RE: Regions Account 9643 I plan to go talk to her in person, explain that I am in financial problems (essentially because Mike Hardman stole from me and used his banking connections to do it, Jay Hartel at her bank). I will tell her Mike has a $2.14- million judgment and say it looks like a matter of time before I am in there with him, so I will not be able to pay it off. However, I am fighting the Summary Judgment and am willing to settle this account for a figure I can afford, like &100,000.00. I want to do it face-to-face with her. Should you be there? I am not sure it would be helpful, but I can also offer to let her call you to verify the lawsuit. Regarding PNC, I think it would be helpful to meet with Krantz to say I am disappointed they are letting Mike off and trying to stick me with $60,000.00, especially since this appears to confirm my legal theory that the officers colluded with Mike on the loan. I would ask him to see if he can do better than $60,000.00. If he tells me Mike has no money but I do in the Banks' eyes and that-s the best I'll get, I'll pay it. I am nervous about waiting on a shortsale because Mike arranged it and he has lied constantly. Have you spoken with Cullum to verify whether the sale is going thru? Maybe I should just telephone you Re all this. Steve --- On Tue, 11/1/11, Trent Steele wrote: From: Trent Steele Subject: RE: Regions Account 9643 To: "drsra" Cc: "Leanne Seibert" < Date: Tuesday, November Have you heard any more from Regions about this? I saw where you copied MJP on some of the emails. From: drsr: Sent: Monday, October 24, 2011 2:41 PM To: Trent Steele; Leanne Seibert Subject: Fw: Regions Account 9643 Got this e-mail about the $200,000.00 line of credit at Regions Bank. That is the $160,000.00 Mike took from me, plus interest. Thoughts on what I should do. Call and explain...put her off EFTA_R1_00535221 EFTA02027058 by indicating n take care of it...refer her to you? I don't intend to put any more money into it at this point. I figure eventually they'll learn about the other lawsuit and their inferior position in line. Then I will try to stall them until we see if I can work out the PNC/National City short sale. If that gets resolved, I'll move on to this problem. If not, let them file. What's another $2000,000.00 if I get the same $2+ million judgment as Mike. SRA --- On Mon 10/24/11 wrote: From: Subject: emus ccount To: " " Cc: Date: Mon ay, Octo cr 24, 2011, 10:02 AM Dr Alexander, The checking account with Regions is in need of a deposit to make the loan payment for the Line of credit. Please advise when you can make a deposit to the account. Thank you (..• • (/Have a Magical Day! Marie Jaeger-Potts Regions Bank Business Banking Palm Beach 525 Okeechobee Blvd ste 700 Do what is right eVb Put people first No Reach higher db Focus on your customer ND Enjoy life EFTA_R1_00535222 EFTA02027059