Federal Grand Jury Indicts Large Kansas City Landlord

Posted on September 21, 2020 by Camron Hoorfar

A Federal Grand Jury in St Louis indicted one of Kansas City’s biggest apartment landlords after a year of investigations that uncovered terrible living conditions across multiple Kansas City area apartments. Michael Fein, owner and vice president of TEH Management was recently indicted on two felony charges of wire fraud and bank fraud. The alleged fraud occurred through bank loans made to TEH connected to the purchase and operations of many multi-family complexes in St. Louis and Kansas City among others. The alleged frauds were discovered and investigated because residents of TEH properties complained for months about the lack of heat, air conditioning, pest control, mold, and trash issues.

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Saks Fifth Avenue Faces Eviction in Miami over $1.9 Million in Past Due Rent

Posted on September 20, 2020 by Camron Hoorfar

A Miami-area shopping mall is attempting to evict Saks Fifth Avenue, saying the retailer hasn’t paid rent since March and owes approximately $1.9 million in unpaid rent. Saks told its landlord, Bal Harbour Shops LLC, that it couldn’t make lease payments due to the effects of the Covid-19 pandemic. But the mall owner said that the high end department store is currently open and was still generating revenue. Bal Harbour said that the store generated more revenue in June 2020 than it did in the previous year. Saks Fifth Avenue does not believe that the landlord has acted appropriately and in good faith for the current situation.

Confused by the effects of the coronavirus? We can help. Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

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Operator of Trump International Hotel in Vancouver files for Bankruptcy

Posted on September 19, 2020 by Camron Hoorfar

TA Hotel Management LTD, a unit of the Malaysi-based TA Global Bhd, who operates the Trump International Hotel in Vancouver has filed for bankruptcy. The Holborn Group, a Vancouver-based developer, licensed the Trump name in 2013 for the 69-story luxury hotel. TA Hotel Management stated that the temporary closures due to COVID-19 severely impacted the hotel’s business and the ongoing expenses due to COVID-19 left them in a position of insolvency.

Contemplating bankruptcy? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

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Coca-Cola Cuts Thousands of Jobs as Coronavirus Hits Sales

Posted on September 18, 2020 by Camron Hoorfar

Coca-Cola Co. joined a long list of big U.U. companies in laying off thousands of workers due to the coronavirus crisis. The company is offering voluntary deals across its businesses and promising to halve its number of operating units. They offered redundancy to 4,000 workers across the U.S. and Canada and will offer similar deals in their other markets. They also signaled that more layoffs were likely to come. Coca-Cola has been battling a hit in sales due to the closure of bars, restaurants, and cinemas where its sales are normally the heaviest. Just last month Coca-Cola reported a 28 percent slump in their sales in the most challenging quarter of the year due to the coronavirus.

Struggling financially? Please contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

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CFPB Settles with Third Mortgage Company With Regards to Deceptive Advertisements

Posted on September 17, 2020 by Camron Hoorfar

On August 21, 2020 the Consumer Financial Protection Bureau (CFPB) issued a consent order against California licensed mortgage broker and lender, Go Direct Lenders, Inc. Go Direct offers mortgages guaranteed by the United States Department of Veteran Affairs (VA). Go Direct’s primary means of advertising to servicemen and veterans through direct-mail advertisements. The CFPB found that Go Direct sent customers numerous mailers that contained false, misleading, or inaccurate information or lacked the required disclosures in violation of the Consumer Financial Protection Act among others. The order required Go Direct to pay a civil money penalty and forced requirements to prevent further violations.

Are you a victim of a similar fraudulent matter? Contact our office at 816-524-4949, or you can visit our website at hoorfarlaw.com to see what our attorneys can assist you with.

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Mortgage Delinquencies of 90 Days or More at 10 Year High

Posted on September 16, 2020 by Camron Hoorfar

Serious mortgage delinquencies hit a 10 year high in July according to a report by financial data firm Black Knight. According to Black Knight, the number of homes with mortgages with delinquencies of 90 days or more but not in foreclosure rose to 2.25 million in July. While the total number of delinquent mortgages fell by almost 7 percent since June, the startling rise of delinquencies is a troubling sign in the aftermath of the expiration of The Coronavirus Aid, Relief and Economic Security (CARES) Act at the end of July. Lawmakers and the Trump administration have yet to reach a deal to extend any foreclosure or eviction protections.

Are you affected financially due to the coronavirus? We can assist you. Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

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Bed Bath & Beyond Cuts 2,800 Jobs

Posted on September 15, 2020 by Camron Hoorfar

Bed Bath & Beyond said that it is cutting about 5% (2,800 jobs) of its overall workforce at its corporate headquarters and stores as the retailer looks to shift its business online, reports the Associated Press. The job cuts should save the company about $150 million a year before taxes. The company announced its corporate restructuring plan earlier in the year.

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California Pizza Kitchen Files for Bankruptcy

Posted on August 11, 2020 by Camron Hoorfar
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California Pizza Kitchen Inc. of Houston has filed for bankruptcy. The company operates more than 200 restaurants but has plans of restructuring. According to documents from the US Bankruptcy Court of Southern District of Texas, the restaurant was forced to close about 46 of its stores. They have also been said to be looking to reduce debt by $230 million but are seeking help from its lenders.

Struggling financially? Please contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

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Rochester Attorney Suspended

Posted on August 10, 2020 by Camron Hoorfar
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Michael J. Quinn, a Rochester attorney, has been suspended from practicing law, ruled by a split Minnesota Supreme Court. After an investigation, it was revealed that Quinn embezzled funds from clients and failed to effectively advise them.  The attorney was ordered to be suspended indefinitely, with no right to request for reinstatement for a year and a half. This will go into effect 14 days after the court’s ruling. However, the Director of the Office of Lawyers Professional Responsibility filed a petition claiming Quinn defrauded a client’s filing fee, safeguard fee, failed to return the funds back to the client, failed to communicate with 2 clients, and also failed to cooperate with the director during the investigation. If Quinn decides to reinstate, he must complete a written test about professional responsibility.

Are you a victim of a similar fraudulent matter? Contact our office at 816-524-4949, or you can visit our website at hoorfarlaw.com to see what our attorneys can assist you with.

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East Idaho Man Pleads Guilty

Posted on August 7, 2020 by Camron Hoorfar
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Andrew Welch, an Idaho pharmacist, filed a voluntary Chapter 7 bankruptcy petition. He signed it and its supporting documents, listing general unsecured debts adding up to $273,840.88. Welch falsely claimed he did not own any real property and that his personal property was only worth $13,564.60 but he intentionally and illegally neglected to reveal that he transferred more than $250,000 to an investment account in someone else’s name. Those transfers transpired  through cashier’s checks, cash deposits, wire transfers and money orders starting in September 2012 through January 2015. Welch’s sentencing is set to for October 14th, 2020 in which he will face 5 years in federal prison and maximum fine of $250,000 and a year of supervised release due to his false claims on his petition.   

   

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