REMOVAL_OF_RECEIVER


Guest

/ #32 REMOVAL_OF_RECEIVER

2013-07-16 21:02

I think this Receiver has an ulterior motive of becoming a land baron or at least making a lot of money off of our "worthless" property. He never would have taken this receivership without the inclusion of the partnerships because Western Financial alone doesn't have enough money to pay the receiver's fees. He certainly is not protecting the investor's investment as he is inappropriately buying back Western's partnership units at a $1 per unit when the "appraised" value is 10-20 cents on the dollar, and without a vote of the partnerships involved. How can a U.S. District Judge sanction actions like this?