The Cole Trust Fiasco The following horror story is all over the Cole Irrevocable Trust. It was originally written in 1996 by both my parents and amended in 2005 by my father Don Cole, sister Kristen Cole and brother Rodney Cole after my mother's death. The attorney who amended it was Con Lynch. He named himself as trust protector in the trust. Richard Cole, Kelley Plueard, and myself were unaware we were named in the trust until our father's death in 2011. Donald Cole was in an accident June 17, 2011. He died due to complications of his injuries on October 8, 2011. At the time Rodney let it slip that we were on the trust so I requested a copy of the trust. He refused so I sent 2 certified letters requesting the trust. He then gave myself and Kelley a copy of the trust but refused one to Richard. Richard had suffered a debilitating stroke and his wife was his representative so Rodney felt she should not have a copy. Rodney had started logging the property in August of 2011. He paid some of the trust obligations and my father's funeral expenses. He then began to pay for his living expenses. He also lived in the trust house and continued to log the next year. We hired Thomas Crawford in the spring of 2012. We hired Crawford on contingency. He stated that his fee was $200 …show more content…
Stitka immediately hired Bo Mulheim. During the first year after Stitka was named trustee he did very little. They claimed it was because Rodney and Kristen opposed Luukinen as mediation czar and refused the mediation. For the first year we were told that Bo Mulheim had amassed a bill of 49k. We have not seen the bill yet. We were also told by Mulheim that they did not have enough information on the trust to give us an accounting but, they would get all of the information and dig through to uncover what had been done. To date we still have no accounting. That was over a year ago and 2 years since they have taken
Doris Reed bought a house for $76,000.00 from Robert King. Mr. King and his real estate agent failed to disclose to Mrs. Reed that a murder had taken place in the home ten years ago. Neighbors told Mrs. Reed about the murders and the stigma associated with the house after she moved in. The property appraised in the amount of $65,000.00 with reference to the history of the house. Reed sued King on allegations of misrepresentation for the purchase of the home seeking rescission and damages to terminate the contact.
The Government 's evidence at trial showed that in June 1966 officials at the Manufacturers Hanover Trust Co. discovered that Taliento, a teller at the bank, had cashed several forged money orders. When interviewed by FBI agents, he admitted furnished the petitioner with one of the bank 's customer signature cards which was used by Giglio to forge $2,300 in money orders; Taliento then processed these money orders through the regular channels of the bank. When Taliento related this information to the grand jury, the petitioner was indicted; thenceforth, he was named as a co-conspirator with the petitioner; however, he was not
Procedural History: Claim was filed against decedent 's (Jack Tallas) estate to recover on written agreement to make the claimant (Peter Dementas) an heir for the amount of $50,000. The Third District Court of Salt Lake County held in favor for the estate. Dementas challenged the initial verdict in Utah’s Court of Appeals, Orme, J.. In this appeal, the court held that agreement was not an enforceable contract in that it constituted a promise for past services performed gratuitously.
On September 12, 2014, Denise Rockett filed a complaint against Eugene Nigro, Esq. Nigro was reportedly negligent when handling legal matters in her late husband’s estate. Specifically, the complainant alleges that Denise, as Executrix of her late husband’s estate, was intentionally excluded from major decisions, not properly compensated, and deprived of control over their properties. Nigro allegedly breached his fiduciary obligation and violated Mass.R.Prof.C. 1.4(b), 1.7(b), and 8.4(c).
Upgrade of the Trust’s old legacy mainframes systems to convert to a more efficient software system called “Access Plus”, an asset management system developed by Select One.
Richard Arzu underwent a surgical procedure to correct a condition he was born with; known as dwarfism. He became paralyzed from the waist down as a result of the operation. Through legal representatives, Richard was awarded a substantial structured settlement from his malpractice action against the hospital that performed the said surgical procedure. The settlement payments were deposited into a joint account between Richard and Frank. Over a period of a few years, the father withdrew numerous times, large amounts of money. These transactions were not authorized or to the knowledge of the son. When Richard turned eighteen, the fund...
The plaintiff is Mary Cary (“Mary”), the widow and Personal Representative of Barry’s estate. Mary is suing Jennifer, Karen, and Jim for the death of Barry, pursuant to Florida’s Dangerous Instrumentality Doctrine (“FDID”).
...FO at the Houston airport. While Mr. Fastow's parents were undergoing a random search, he stopped to chat with Mr. Schwieger. "I never got an opportunity to explain the partnerships to you," he said, according to Mr. Schwieger. Mr. Schwieger replied, "With everything that has come to light, I probably wouldn't like the answer I would have gotten."
Charles Keating Jr. was born December 4, 1923, in Cincinnati, Charles was a trained navy fighter pilot during WWII. Receiving a degree in law Keating began practicing law with his brother William Keating, where he was later discovered and hired as an executive by Carl Lindner Jr. Charles later married his wife in 1949 she bore six children. - Keating wasn’t the only Savings and Loan owner who was committing fraud, of the twenty percent that failed was triggered by fraud and/or insider trading. The failure of the Lincoln Savings and Loan and forced the country into a recession, $126 billion dollars of tax payers money was used for this bailout. All of this came to a climax during the first year George H.W. Bush was in the oval
Defendant Hartford continues to dodge the fact that Service Master of Saint Cloud did not properly handle, and disposed, of the insureds personal property. Trey Swanson and Shaun Hickman contradicted each other during their testimony. Trey Swanson testified that Service Master would dispose of items but take an inventory. However, Mr. Hickman, his supervisor, stated that Service Master would not throw anything away without taking an inventory first. Nothing would be thrown away without the authorization of the insured, now the executor, RoxAnn Gendron. There is no testimony or evidence that there was any contact with Ms. Gendron.
Jake Clawson Ethical Communication Assignment 2/13/2014. JPMorgan Chase, Bailouts, and Ethics “Too big to fail” is a theory that suggests some financial institutions are so large and so powerful that their failure would be disastrous to the local and global economy, and therefore must be assisted by the government when struggles arise. Supporters of this idea argue that there are some institutions that are so important that they should be the recipients of beneficial financial and economic policies from government. On the other hand, opponents express that one of the main problems that may arise is moral hazard, where a firm that receives gains from these advantageous policies will seek to profit by it, purposely taking positions that are high-risk, high-return, because they are able to leverage these risks based on their given policy. Critics see the theory as counter-productive, and that banks and financial institutions should be left to fail if their risk management is not effective.
Bernard Madoff had full control of the organizational leadership of Bernard Madoff Investments Securities LLC. Madoff used charisma to convince his friends, members of elite groups, and his employees to believe in him. He tricked his clients into believing that they were investing in something special. He would often turn potential investors down, which helped Bernard in targeting the investors with more money to invest. Bernard Madoff created a system which promised high returns in the short term and was nothing but the Ponzi scheme. The system’s idea relied on funds from the new investors to pay misrepresented and extremely high returns to existing investors. He was doing this for years; convincing wealthy individuals and charities to invest billions of dollars into his hedge fund. And they did so because of the extremely high returns, which were promised by Madoff’s firm. If anyone would have looked deeply into the structure of his firm, it would have definitely shown that something is wrong. This is because nobody can make such big money in the market, especially if no one else could at the time. How could one person, Madoff, hold all of his clients’ assets, price them, and manage them? It is clearly a conflict of interest. His company was showing high profits year after year; despite most of the companies in the market having losses. In fact, Bernard Madoff’s case is absolutely stunning when you consider the range and number of investors who got caught up in it.
Wells Fargo account fraud scandal One of the most recent white-collar crimes involved Wells Fargo, a banking and financial services provider. In 2016, San Francisco-based bank Wells Fargo (WFC) employees secretly created millions of unauthorized bank and credit card accounts without permission of their customers. Opening about 1.5 million fraudulent deposit accounts and submitting 565,443 credit card applications allowed Wells Fargo employees to boost their sales targets and receive bonuses. Consequently, customers were wrongly charged fees for accounts they did not know existed. In this business crime scenario, Wells Fargo is involved in paying $185 million in fines and refunding $5 million to affected customers.
n October 1907, the failed attempt to corner the market on the United Copper Company's stock led to a string of bank runs and a national panic. The failure of numerous banks and trusts, particularly the Knickerbocker Trust Company in New York, led to a crisis of faith in the banking system throughout the United States. Although the economic repercussions were quelled quickly, the panic transformed the way in which Americans viewed the banking system and the fundamental principles by which it was governed.
In this paper I will identify and analyze the Wells Fargo scandal as it pertains to the breakdown of leadership and ethics. I will first identify and analyze the event and discuss the challenges and conflicts the scandal presented. Then I will evaluate the issue by explaining why the issue has interest and concern to stakeholders followed by discussing the challenges presented to individuals and/or organizations around this case. Lastly, I will recommend action steps that should be taken to those involved as well as discuss what I have learned from exploring this topic.