Received a demand letter (Notice of Default and Acceleration) today

from IFC in violation of the Florida AG's supoena. They demand

certified funds by 5PM on September 13th. I am going to send them a

cert letter informing them of this and my knowledge of their

collusion with Norvergence in a phony scam.

Also, I refused to sign personally. Will Chpt 11 before I give them

one cent.

Would also forward that to the FL atty gen's office...



-----Original Message-----

From: patrickbarmore [mailto:nbcpat@...]

Sent: Wednesday, September 08, 2004 9:15 AM

To: TheAberdeenKid@yahoogroups.com

Subject: [TheAberdeenKid] IFC





Received a demand letter (Notice of Default and Acceleration) today

from IFC in violation of the Florida AG's supoena. They demand

certified funds by 5PM on September 13th. I am going to send them a

cert letter informing them of this and my knowledge of their

collusion with Norvergence in a phony scam.











Yahoo! Groups Links

We got the demand letter today also with the same cutoff date.  It

says that non-payment by that date would  result in no other course

other than to sue us.



--- In TheAberdeenKid@yahoogroups.com, "patrickbarmore" <nbcpat@t...>

wrote:

> Received a demand letter (Notice of Default and Acceleration) today

> from IFC in violation of the Florida AG's supoena. They demand

> certified funds by 5PM on September 13th. I am going to send them a

> cert letter informing them of this and my knowledge of their

> collusion with Norvergence in a phony scam.

Spoke with AG's office. They are being very agrressive with this.

They requested a copy of the Demand Letter in violation of the

subpoena.  You need to call them in Tallahassee. Telecommunications

is a regulated industry in the state of Florida. If you bought cable

and other services with them they comitted fraud in a regulated

industry and the leasing companies should know better.

Does this mean that, at least for now, I should not

expect to receive any more bills from IFC (at  least

for the time-being)?

Thanks

--- patrickbarmore <nbcpat@...> wrote:



> Spoke with AG's office. They are being very

> agrressive with this.

> They requested a copy of the Demand Letter in

> violation of the

> subpoena.  You need to call them in Tallahassee.

> Telecommunications

> is a regulated industry in the state of Florida. If

> you bought cable

> and other services with them they comitted fraud in

> a regulated

> industry and the leasing companies should know

> better.

>

>





__________________________________________________

Do You Yahoo!?

Tired of spam?  Yahoo! Mail has the best spam protection around

http://mail.yahoo.com

I think anyone who sends IFC even one cent needs their head

examined. Norvergence represented themselves as agents in a

regulated industry in Florida. This was outright fraud. The leasing

company knew this. They are in collusion, end of story. No judge

will hear their cases now that the AG has intervened.

Does anyone have info on IFC to share with us-we'll do the same.



thx

What would you like to know?

--- Meghan Cummings <meghan1132004@...> wrote:



> Does anyone have info on IFC to share with us-we'll

> do the same.

>

> thx

>

>









_______________________________

Do you Yahoo!?

Declare Yourself - Register online to vote today!

http://vote.yahoo.com

----- Original Message -----

From: Peter Nionakis

To: TheAberdeenKid@yahoogroups.com

Sent: Wednesday, September 22, 2004 9:24 AM

Subject: Re: [TheAberdeenKid] IFC

What would you like to know?
--- Meghan Cummings <meghan1132004@...> wrote:

> Does anyone have info on IFC to share with us-we'll
> do the same.
>
> thx
>
>



           
_______________________________
Do you Yahoo!?
Declare Yourself - Register online to vote today!
http://vote.yahoo.com

I think I was sued that way in NJ. But, if the leases are VOID in

Illinois, then what is their basis for suit since they are in

Illinois? That you unwittingly induced them to pay Norvergence big

bucks for for a $1000 matrix and prepaid services? And why weren't

they paying one year at a time? They were not even allowed to phone

you to see if the equipment was working and installed (according to

their master agreement with Norvergence). They paid on the D& A, but

as all of us know, that was presented as proof that the matrix was

dropped off, much like a UPS signature. This just keeps getting deeper

and deeper. And 11,000 small businesses all tell the same story.

The ERA clearly says "non-binding until the equipments is installed in your

phone closet"



Delivery in itself should not be equivalent to those terms.



>From: "dynam1cjourneys" <dynam1cjourneys@...>

>Reply-To: TheAberdeenKid@yahoogroups.com

>To: TheAberdeenKid@yahoogroups.com

>Subject: [TheAberdeenKid] IFC

>Date: Thu, 16 Jun 2005 19:42:13 -0000

>

>I think I was sued that way in NJ. But, if the leases are VOID in

>Illinois, then what is their basis for suit since they are in

>Illinois? That you unwittingly induced them to pay Norvergence big

>bucks for for a $1000 matrix and prepaid services? And why weren't

>they paying one year at a time? They were not even allowed to phone

>you to see if the equipment was working and installed (according to

>their master agreement with Norvergence). They paid on the D& A, but

>as all of us know, that was presented as proof that the matrix was

>dropped off, much like a UPS signature. This just keeps getting deeper

>and deeper. And 11,000 small businesses all tell the same story.

>

>

>

>

>

>

>

>

>Yahoo! Groups Links

>

>

>

>

>

>

>

And that's my lovely "no settlement ever" leasing company. IFC

deserves to go down. They are one of the "hardliners". I paid a year,

and have gotten statments every month for another year. When all this

shakes out, refunds. And they keep kicking and screaming

that "businesses are not consumers". Not true in Texas. Fraud is fraud

is fraud. And finally, it's time to change the law to make the leasing

companies responsible if they contine to "finance air"



Karen

Dynamic Journeys Inc

After reading the ruling in Texas, it looks like IFC will be around

until all the money and lines of credit have been used up. As long as

you are fighting small business with other peoples money why would you

stop. Their paychecks keep coming untill they shut the doors!

Investors are not going to look kindly on the court rulings that are

being handed down.

   The letter to Kit looks just like Norvergence 6 months before they

went under. Hard to say what will happen but it looks the same!

Keep Fighting!!

After the fall of Norv, it was obvious the Salzanos & their lawyers

spent a huge effort in the prior months trying to keep a lid on the

truth - by hounding and threatening anyone who posted their opinions

and experiences with their fraudulent scheme.

IFC is in the same boat now - but the legal proceedings of the trials

are public records.  All the LC's still fighting the small businesses

are going to find it hard to run from the truth.  Are we to believe

that IFC was the "only" LC that got such a sweetheart holdback deal

from Norv?  Yeah right.





--- In TheAberdeenKid@yahoogroups.com, "brightside1974"

<brightside1974@...> wrote:

>

> After reading the ruling in Texas, it looks like IFC will be around

> until all the money and lines of credit have been used up. As long as

> you are fighting small business with other peoples money why would

you

> stop. Their paychecks keep coming untill they shut the doors!

> Investors are not going to look kindly on the court rulings that are

> being handed down.

>   The letter to Kit looks just like Norvergence 6 months before they

> went under. Hard to say what will happen but it looks the same!

> Keep Fighting!!

>

Preferred Capital had a similar deal

Popular and CCL too.

That we know of.





--- In TheAberdeenKid@yahoogroups.com, "conplas756" <amy@...> wrote:

>

> After the fall of Norv, it was obvious the Salzanos & their lawyers

> spent a huge effort in the prior months trying to keep a lid on the

> truth - by hounding and threatening anyone who posted their opinions

> and experiences with their fraudulent scheme.

> IFC is in the same boat now - but the legal proceedings of the trials

> are public records.  All the LC's still fighting the small businesses

> are going to find it hard to run from the truth.  Are we to believe

> that IFC was the "only" LC that got such a sweetheart holdback deal

> from Norv?  Yeah right.

>

>

> --- In TheAberdeenKid@yahoogroups.com, "brightside1974"

> <brightside1974@> wrote:

> >

> > After reading the ruling in Texas, it looks like IFC will be around

> > until all the money and lines of credit have been used up. As long as

> > you are fighting small business with other peoples money why would

> you

> > stop. Their paychecks keep coming untill they shut the doors!

> > Investors are not going to look kindly on the court rulings that are

> > being handed down.

> >   The letter to Kit looks just like Norvergence 6 months before they

> > went under. Hard to say what will happen but it looks the same!

> > Keep Fighting!!

> >

>

Well this is a good day! My lease was with IFC, my business is in

Harris County Texas. Finally it looks like some action will be taken.

I (reluctantly and only upon advise of counsel) paid for a year out of

the three that they bought, but they never told me they "only" bought

three years. I found out when they sued me via Weir in New Jersey.

When that suit was filed I stopped paying and they called and asked

why I was refusing to pay. And I told them that since they sued me

anyway there wasn't any more they could do; I'd just see them in

court, and so it stands --- nothing has happened since Feb 05. A few

months ago I had to send in all of my paperwork (evidence) I still get

a statement every month, but the amount is always the same at this

point (since Feb)



Karen Layman

Dynamic Journeys Inc

I reconciled my payments and it looks like under class action

settlement they would owe me $753.58. Of course the payments were

wrong on the document I received

 

glad to see someone is still at the helm of theaberdeenkid   Happy 4th of July.

----- Original Message -----

From: littlejimmiy@...

To: TheAberdeenKid@yahoogroups.com

Sent: Wednesday, July 01, 2009 4:56 AM

Subject: Re: [TheAberdeenKid] IFC

Hi Kit. Thanks for keeping us up to date. Have a nice July 4th. --- On Fri, 6/26/09, Kit Menkin <kitmenkin@leasingnews.org> wrote: From: Kit Menkin <kitmenkin@leasingnews.org> Subject: [TheAberdeenKid] IFC To: TheAberdeenKid@yahoogroups.com Date: Friday, June 26, 2009, 6:38 PM     IFC Credit Closing Down? by Christopher Menkin, Publisher Leasing News has removed IFC Credit Corporation, Morton Grove, Illinois, from its "Funder List." The company was removed from the "Story Credit" list due to the many Bulletin Board Complaints. Throughout the last two years, and more recently since the end of last year, Leasing News has been printing complaints from vendors not being paid, brokers not being paid, and the NorVergence leasing cases lost or position of IFC Credit. Alerts have been posted. A threat of a lawsuit from Askounis & Borst, the breakup of their law firm, did not deter the reporting. It should be noted Leasing News had heard that the new firm Askounis & Darcy were not paid for legal representation in NorVergence lease cases, being told by defendants they were so notified. A telephone call to Tom Askounis regarding this to confirm or deny brought several "no comment"s to questions asked. Recently the San Diego, California law firm of Troutman-Sanders with cc: Michael A. Leichtling, Esq. of the East Coast office threatened a lawsuit (ironically Leichtling has appeared on the Equipment Leasing and Finance Association panel on Leasing Ethics!). Leasing News believes it was its journalistic responsibility to report the complaints and information. IFC Credit was given every opportunity to respond, make a comment or statement, but did not. Threatening with letters from company attorney (senior litigation attorney) and then outside law firms may work with small lessees who can't afford the legal fees, but not with Leasing News (thank you Ken Greene, for your "pro bono" work on these IFC attorney "threats.") Last month it was reported the company was down to 25 employees from a year ago 106 employees. This week, according to insiders (not John Boettigheimer, president of Pioneer nor Bernie Boettigheimer, CLP, of Lease Police, who have kept more than an arm's distance on this since the reporting of Pioneer funding difficulties) , the company is down to four managers, one customer service representative, and that both Rudy Trebels and Mark Lang were ordered to stay out of the office for two weeks as the creditors do an audit. Leasing News was told the various banks, and at this time we are not going to name them, have taken over the servicing of the accounts, and this has been going on since Leasing News has been reporting about vendors and others not being paid. Reportedly Rudy Trebels has been operating from a separate office not located at IFC, and is planning to move permanently to Florida (not confirmed nor denied.) At this point, it appears that IFC Credit and its affiliates are facing a Chapter 11 bankruptcy, which often becomes a Chapter 7. Pioneer Capital "No Money" Letter sent as Extra Wednesday: http://www.leasingn ews.org/archives /June%202009/ 06-24-09a. htm

 

Thank you very much....Here is the latest:   IFC Credit Corp., Morton Grove, Illinois--Up-date According to several sources, the group doing the audit is Phoenix something (not Phoenix Leasing Portfolio Services, Inc. out of San Rafael, California) allegedly hired by CEO Rudy Trebels, CLP to find buyers of leases/residuals, find new funding sources. In turn, Leasing News was told by a reliable source they got backing from the banks to go in and get Rudy Trebels and Mark Lang out of it, having some inside information that would not be beneficial to the two parties. Reportedly Wolfe and Co out of Oakbrook stopped doing IFC's audit at the accountant firm's decision. There are other reports of specific leases for sale with other brokers involved, but there are questions regarding the bond holders and insurance on the leases. In the meantime, staff still at IFC Credit and the other divisions, although minimal were paid, and supposedly there is enough in the planning for an additional two weeks, but that's it. No new leases are being considered and the staff is not active, since servicing has been taken over the banks involved. In any of the outcomes, a bankruptcy appears to be the way to satisfy unsecured creditors and get all the secured creditors to agree to a business plan.

----- Original Message -----

From: Gianni Fiorini

To: TheAberdeenKid@yahoogroups.com

Sent: Wednesday, July 01, 2009 11:15 AM

Subject: RE: [TheAberdeenKid] IFC

Kit I'm still here.
From you and from the whole Norverge story I learned more than anybody who did five years of school in economy.

Gianni Fiorini


Aut Viam Inveniam Aut Faciam -

"I'll Either Find a Way or Make One"

"

---

To: TheAberdeenKid@yahoogroups.com
From: kitmenkin@leasingnews.org
Date: Wed, 1 Jul 2009 10:12:46 -0700
Subject: Re: [TheAberdeenKid] IFC

 

 

glad to see someone is still at the helm of theaberdeenkid   Happy 4th of July.

----- Original Message -----

From: littlejimmiy@yahoo.com

To: TheAberdeenKid@yahoogroups.com

Sent: Wednesday, July 01, 2009 4:56 AM

Subject: Re: [TheAberdeenKid] IFC

Hi Kit. Thanks for keeping us up to date. Have a nice July 4th. --- On Fri, 6/26/09, Kit Menkin <kitmenkin@leasingnews.org> wrote: From: Kit Menkin <kitmenkin@leasingnews.org> Subject: [TheAberdeenKid] IFC To: TheAberdeenKid@yahoogroups.com Date: Friday, June 26, 2009, 6:38 PM     IFC Credit Closing Down? by Christopher Menkin, Publisher Leasing News has removed IFC Credit Corporation, Morton Grove, Illinois, from its "Funder List." The company was removed from the "Story Credit" list due to the many Bulletin Board Complaints. Throughout the last two years, and more recently since the end of last year, Leasing News has been printing complaints from vendors not being paid, brokers not being paid, and the NorVergence leasing cases lost or position of IFC Credit. Alerts have been posted. A threat of a lawsuit from Askounis & Borst, the breakup of their law firm, did not deter the reporting. It should be noted Leasing News had heard that the new firm Askounis & Darcy were not paid for legal representation in NorVergence lease cases, being told by defendants they were so notified. A telephone call to Tom Askounis regarding this to confirm or deny brought several "no comment"s to questions asked. Recently the San Diego, California law firm of Troutman-Sanders with cc: Michael A. Leichtling, Esq. of the East Coast office threatened a lawsuit (ironically Leichtling has appeared on the Equipment Leasing and Finance Association panel on Leasing Ethics!). Leasing News believes it was its journalistic responsibility to report the complaints and information. IFC Credit was given every opportunity to respond, make a comment or statement, but did not. Threatening with letters from company attorney (senior litigation attorney) and then outside law firms may work with small lessees who can't afford the legal fees, but not with Leasing News (thank you Ken Greene, for your "pro bono" work on these IFC attorney "threats.") Last month it was reported the company was down to 25 employees from a year ago 106 employees. This week, according to insiders (not John Boettigheimer, president of Pioneer nor Bernie Boettigheimer, CLP, of Lease Police, who have kept more than an arm's distance on this since the reporting of Pioneer funding difficulties) , the company is down to four managers, one customer service representative, and that both Rudy Trebels and Mark Lang were ordered to stay out of the office for two weeks as the creditors do an audit. Leasing News was told the various banks, and at this time we are not going to name them, have taken over the servicing of the accounts, and this has been going on since Leasing News has been reporting about vendors and others not being paid. Reportedly Rudy Trebels has been operating from a separate office not located at IFC, and is planning to move permanently to Florida (not confirmed nor denied.) At this point, it appears that IFC Credit and its affiliates are facing a Chapter 11 bankruptcy, which often becomes a Chapter 7. Pioneer Capital "No Money" Letter sent as Extra Wednesday: http://www.leasingn ews.org/archives /June%202009/ 06-24-09a. htm