Obsidian Finance Group, Pacific Power, "the Black Cap Project": Oregon Solar News, Oregon Renewable Energy, Oregon Solar Credits. Obsidian Finance Group making Millions in Power Purchase Agreements, using your Tax Credits as their Asset. Selling you Back Electricity they Seem to be Getting for FREE. Gee Ya Think Obsidian Finance Group is of Public Concern? I Sure Do.
"the Black Cap Project" ( PACIFICORP, DBA PACIFIC POWER )
"PacifiCorp anounces big Lakeview Solar Project
PacifiCorp announced Thursday it will develop a huge 2-megawatt solar array in Lake County, a move that will further cement the eastern Oregon region's reputation as the state's center for large-scale renewable energy projects.
PacifiCorp officials say the Black Cap Project, which will be installed a few miles from downtown Lakeview, will be the largest utility-leased solar facility in the state.
It will produce enough electricity to meet the annual needs of about 400 average PacifiCorp residential customers and will count toward the utilities obligations to produce 25 percent of its power from renewable sources by 2025 under the state's renewable portfolio standard.
Portland-based Obsidian Finance Group will develop the project and PaciCorp will own the project rights and the land under the solar panels. The utility will lease the equipment including 9,000 solar panels mounted on a motorized tracking system designed to follow the sun's path across the sky.
The project — its total cost was not released — is expected to be switched on by October.
"The construction employment is important to us, but the stronger significance is that Black Cap is building on our goal of making Lake County the 'New Energy Frontier' of the West,” said Audrey Henry, director of the Lake County Chamber of Commerce, in a press release.
The Lakeview area has been a hot spot for development of large-scale solar and biomass projects. Geothermal resources in the region have also caught the eye of developers.
Iberdrola Renewables put construction of a Lakeview biomass plant on hold last year when it was unable to secure a power purchase agreement for the project. "
Source of PacifiCorp, Obsidian Finance Group,
http://sustainablebusinessoregon.com/articles/2012/03/pacificorp-anounces-big-lakeview-solar.html
They are all in bed together and it's your Tax Dollar, your Utility Bills and your way of life they are trampling on and with no accountability or transparency.
In October, Projects Halted, Now Back on. What changed, did the Economy really change?
http://www.sustainablebusinessoregon.com/articles/2011/10/construction-halted-on-lakeview.html
Air Quality Concerns, Land Owners Rights Violated, and Yet Obsidian Finance Group and the HUGE Utility Companies win because they have more MONEY, more ATTORNEYS and your TAX Dollars to Work with. Click Here for Concerned Citizens of Lake County, though Judge Herndez said Blogger Crystal Cox was the Only one with Issue with Obsidian Finance Group.
Tonkon Torp Law Firm was involved in the Summit Bankruptcy whereby Kevin Padrick was the Trustee, Appointed by the DOJ, but really by Judge Randall Dunn as in the Court Audio, Click Here.
Tonkon Torp was named in the Objection to Fees in the Summit Bankruptcy, and knew of issues within the Bankruptcy and yet continues to side with Obsidian Finance Group, Click Here for that Objection to the Fees.
Obsidian Finance Group's "Fees" were disputed yet again by Homestreet Bank out of Washington State, Click Here for that Legal Proceeding.
As you see from the many internal emails in my 3 years of Investigating the Summit Bankruptcy, David Peterson of Tonkon Torp was involved in some emails, as I remember it. And so Tonkon Torp is connected to the Department of Defense, to Lobbying for PacifiCorp and to the Solar Industry Bigtime. They all are in bed together and want to Silence Me, the Blogger connecting them all. Click Here for Dept. of Defense David Peterson Article. ~ Federal Lands, State Tax Credits, Public Utilities and a Federal Judge Ruled that Obsidian Finance Group was not of Public Concern? Folks dig deep it is YOUR MONEY.
Groups That Have Retained Tonkon Torp: Click Here for Tonkon Torp "Lobied For" PacifiCorp via Berkshire Hathaway. (Electric Utilities)
More Berkshire Hathaway, PacifiCorp Lobby Research Links
http://www.opensecrets.org/lobby/clientsum.php?id=D000021757&year=2011
2 Million Lobby for Electric Utilities in 2011 ~ WOW
6 Million BNSF Railway ~ WOW
Tonkon Torp, Berkshire Hathaway, PacifiCorp 2010
http://www.opensecrets.org/lobby/firmsum.php?id=D000029488&year=2010
Don't Forget that Ewan Rose, formerly of Obsidian Finance Group and involved in the Summit Bankruptcy Scandal and David Brown, Co-Owner of Obsidian Finance Group are now registered Lobbyists. And we also have Doherty of Miller Nash Lobbying for Obsidian Finance Group.
PacifiCorp - Obsidian Finance Group "the Black Cap Project"
http://www.heraldandnews.com/news/oregon/article_7bef5ea0-63ea-11e1-96bd-001871e3ce6c.html
3 Million Per Megawatt. WOW. And see Poor Ol' Liars Obsidian Finance Group claimed that Blogger Crystal Cox lost them Millions during this time period, more Lies from Obsidian Finance Group.
Iberdrola Renewables Research Links
http://www.oregonlive.com/business/index.ssf/2012/01/iberdrola_renewables_laying_of.html
http://www.oregonlive.com/business/index.ssf/2012/02/post_70.html
The whole Obsidian V. Cox war, Represented by Tonkon Torp who lobbies for PacifiCorp, is about Tax Credits, hiding information regarding the actions of Obsidian Finance Group to protect HUGE utility deals that I believe started with connections around the Summit Bankruptcy. During that Time PV Powered was going bankruptcy and bought by Advanced Energy Industries based in Colorado yet their DBA is of Delaware. I believe this to have something to do with Kevin Padrick as well, and secret deals surrounding the Summit Bankruptcy. Have a Tip? eMail me at WhistleblowerMedia@Gmail.com or SavvyBroker@Yahoo.com or CrystalCoxBlogger
I believe there was Jury tampering and deals made in attempt to silence an investigative blogger, me, in order to keep Obsidian Finance Group in the Billions and keep those jobs flowing and those tax dollars creating more money for big Portland Oregon Corporations and Law Firms, at the expense of the Public and of the Bankruptcy Victims of Kevin Padrick, this is what I believe from my years of research. Investigatigate Kevin Padrick and Obsidian Finance Group, Investigate Tonkon Torp in connection to the Summit Bankruptcy and dig deep for the Truth that "News" like Jeff Manning of the Oregonian, David Carr of the New York Times, and Kashmir Hill of Forbes don't have the balls to tell you NOR the Brains to make the connections.
Oh and Most Certainly Miller Nash Connections are at Play here, and I bet pretty shady ones at that, Have a Tip? More on that later and possibly Eugene Oregon Connections and MAYBE even Judge Marco Hernandez. Look Deep Folks, I am the Messenger and NOT the Messenger, research this stuff and find the Story... ya know Like a Real "Journalist".
Tax Exemptions, Solar Credits, Power Deals, and more.. all involving you, the PUBLIC. Pay Attention, they are getting richer off of something that seems free to them and paid for by YOU, the PUBLIC.
Kevin Padrick Research Links
http://www.objectiontofees.com/
http://www.kevinpadrick.com/
If any links are broken on this page or you want court filings, documents, videos, information.. Email me at SavvyBroker@Yahoo.com
Keywords of Research
Lakeview Solar Project, Black Cap Project, Obsidian Finance Group, Renewable Energy Projects,Oregon Biomass Project, Iberdrola Renewables, Advanced Energy Industries, Renewable Energy Developers, Power Purchase Agreement, Whittington Consulting, Patricia Whittington, PV Powered, , PACIFICORP, DBA PACIFIC POWER
Showing posts with label Obsidian Finance Group. Show all posts
Showing posts with label Obsidian Finance Group. Show all posts
Tuesday, March 6, 2012
Saturday, December 25, 2010
Kevin Padrick of Obsidian Finance Group LLC - Chapter 11 Trustee Summit 1031 Exchange Bankruptcy
Why Investigative Blogger Crystal L. Cox Says Kevin Padrick, Obsidian Finance LLC is a Liar.
In the Summit 1031 Press Release, it was announced that Summit would be declaring Chapter 11 bankruptcy, Terry Vance - Oregon Attorney was the Chief Restructuring Officer who then, at the advisement of Sussman Shank, Summit Accommodators, Inc.’s attorneys, hired Obsidian Finance Group, LLC as their financial consultants to provide advice on all tax issues affecting Summit Customers and a plan to mitigate damages to the maximum extent possible of currently unfunded exchanges.
It is also my understanding that Obsidian Finance Group, LLC was retained to review substantial real estate investments and to recommend the best method to realize value of such investments to satisfy outstanding claims. Obsidian Finance Group, LLC is a national financial consulting firm, which specializes in distressed enterprises and assets.
Kevin Padrick, Obsidian Finance Group, LLC,, who is 50% owner of Obsidian Finance Group, LLC, presented to the Summit Shareholders that he had friends with deep pockets who would help fund their short-term liquidity crisis. (Did Kevin Padrick Lie ?_
Kevin Padrick, Obsidian Finance Group, LLC, did none of these things in this agreement and the press release. Kevin Padrick of Obsidian Finance Group came in immediately and took all of the information then used this privileged information Against their Client and STOLE the Job of the LUCRATIVE position of Chapter 11 Trustee in a 40 Million Dollar Oregon Bankruptcy.. (Hence Liar and Thief)
Cash $14 Million
Bond $10 Million
E&O $3 Million
Note Receivable – Steve White $1.2 Million
Property Investments - $11.5 Million
Business Interests - $1 Million
The Initial Amount being handed over voluntarily by the Summit Shareholders was $40.7 Million. Summit only owed $28 Million.
Since the beginning Kevin Padrick of Obsidian Finance Group, and Tonkon Torp have taken interests’ in property from innocent investors, they passed on sales that would’ve brought more money to the bankruptcy estate, either because they weren’t going to get their 15% commission at the time or because they were trying to squash innocent investor’s who were in their way. (Thug and Thief? You Bet)
Kevin Padrick of Obsidian Finance Group also got a settlement of $16.8 Million from the Summit Shareholders, they got an unknown settlement from Umpqua Bank, and just the other day they are suing every attorney Summit ever used. Not to mention that Kevin Padrick of Obsidian Finance Group already collected the Bond of $10 Million, the E&O of $3 Million, the business interest of $1 Million and Several Million in Property Investments.
The IRS and the Oregon Department of Revenue should really look at this, because it means there is a lot of missing tax dollars to our federal and state governments.
When will be enough money for Kevin Padrick of Obsidian Finance?
Kevin Padrick of Obsidian Finance Group - Thug and Thief will run this score out for as long as he can because he has and can get much, much more money than what is due to the creditors. He will be paying his attorneys, Tonkon Torp for cease and desist orders and lawsuits, while Obsidian Finance Group LLC gets 15% commissions on all sales and Kevin Padrick of Obsidian Finance Group spends oodles of hours working so very hard to pad his own pockets that paying back the creditors will be the very last thing he does.
Crystal L. Cox
There are Many Reasons Why I Claim that Kevin Padrick, Obsidian Finance LLC is a Thug, Thief and a Liar.. Many More Will Continue to Post.. in Detail .. as Oregon Attorney David Aman of Tonkon Torp LLP Law Firm sent me a Cease and Desist Requesting that I Stop saying such Facts about his Client Oregon Attorney Kevin Padrick for Obsidian Finance Portland Oregon.
It is also my understanding that Obsidian Finance Group, LLC was retained to review substantial real estate investments and to recommend the best method to realize value of such investments to satisfy outstanding claims. Obsidian Finance Group, LLC is a national financial consulting firm, which specializes in distressed enterprises and assets.
Kevin Padrick, Obsidian Finance Group, LLC,, who is 50% owner of Obsidian Finance Group, LLC, presented to the Summit Shareholders that he had friends with deep pockets who would help fund their short-term liquidity crisis. (Did Kevin Padrick Lie ?_
Kevin Padrick, Obsidian Finance Group, LLC, never mentioned Ponzi Scheme; he just kept calling it a short-term liquidity crisis. Then later it was a Ponzi Scheme? Double Talk, Lies, Greed.. ??
The Summit Shareholders of course wanted this our short term liquidity crisis Solution, it would benefit all and get them out of hot water. But Of Course Kevin Padrick, Obsidian Finance Group, LLC Flat Out LIED..
The Summit Shareholders of course wanted this our short term liquidity crisis Solution, it would benefit all and get them out of hot water. But Of Course Kevin Padrick, Obsidian Finance Group, LLC Flat Out LIED..
Kevin Padrick, Obsidian Finance Group, LLC, did none of these things in this agreement and the press release. Kevin Padrick of Obsidian Finance Group came in immediately and took all of the information then used this privileged information Against their Client and STOLE the Job of the LUCRATIVE position of Chapter 11 Trustee in a 40 Million Dollar Oregon Bankruptcy.. (Hence Liar and Thief)
Kevin Padrick of Obsidian Finance Group told the Summit Principals they would be back in two weeks with a proposal. Instead, they took the privileged financial information and Summit spreadsheet on the properties the Summit Principals were always from day one going to turn over to the bankruptcy estate to the Creditor’s Committee.
Who Was Kevin Padrick of Obsidian Finance Group really working for when he illegally, unethically, corruptly got this financial information and used it to make himself TONS of money?
Who Was Kevin Padrick of Obsidian Finance Group really working for when he illegally, unethically, corruptly got this financial information and used it to make himself TONS of money?
Was Kevin Padrick of Obsidian Finance Group working for the Creditor’s Committee or Terry Vance, CRO of Summit? Looks like Kevin Padrick of Obsidian Finance had no intention on completing his contract with Terry Vance and Summit because they did not receive any proposals or any word from Kevin Padrick after Kevin Padrick of Obsidian Finance Group got what he needed to steal the Chapter 11 Trustee Job.
Kevin Padrick of Obsidian Finance Group took this privileged information to the other side and sold them something else. Something like we will sue Umpqua, we will take away interests’ from innocent people by suing them, we will sue every attorney who ever did work for Summit . Kevin Padrick of Obsidian Finance Group probably never mentioned how much assets the Summit Principals were handing over already. This way he could get more MONEY for him and cheat the Creditors.. , oh in my opinion..
Cash $14 Million
Bond $10 Million
E&O $3 Million
Note Receivable – Steve White $1.2 Million
Property Investments - $11.5 Million
Business Interests - $1 Million
The Initial Amount being handed over voluntarily by the Summit Shareholders was $40.7 Million. Summit only owed $28 Million.
Since the beginning Kevin Padrick of Obsidian Finance Group, and Tonkon Torp have taken interests’ in property from innocent investors, they passed on sales that would’ve brought more money to the bankruptcy estate, either because they weren’t going to get their 15% commission at the time or because they were trying to squash innocent investor’s who were in their way. (Thug and Thief? You Bet)
Kevin Padrick of Obsidian Finance Group also got a settlement of $16.8 Million from the Summit Shareholders, they got an unknown settlement from Umpqua Bank, and just the other day they are suing every attorney Summit ever used. Not to mention that Kevin Padrick of Obsidian Finance Group already collected the Bond of $10 Million, the E&O of $3 Million, the business interest of $1 Million and Several Million in Property Investments.
So Kevin Padrick of Obsidian Finance Group made money hand over fist for 2 years and counting, and he wants me to SHUT Up so he can keep making money.
It would be impossible to get an exact amount of what Kevin Padrick of Obsidian Finance Group and Tonkon Torp has received and disbursed. They have jumbled the books I'll bet, and taken a piece of every dirty deal.. above the law and with no oversight or transparency what so ever.
It would be impossible to get an exact amount of what Kevin Padrick of Obsidian Finance Group and Tonkon Torp has received and disbursed. They have jumbled the books I'll bet, and taken a piece of every dirty deal.. above the law and with no oversight or transparency what so ever.
It would seem that they don’t have to report what type of money came in and what type of payments went out and to whom. No one is monitoring this money and they are dealing with Millions upon Millions.
Kevin Padrick of Obsidian Finance Group - Tax Fraud? Fraud Against the Government? Gee ya Think?
The Summit Principals also did their own 1031 Exchanges during the past years as they purchased and sold properties. When you do an exchange you have deferred gain that you don’t pay tax on until you sell the property.
The Summit Principals also did their own 1031 Exchanges during the past years as they purchased and sold properties. When you do an exchange you have deferred gain that you don’t pay tax on until you sell the property.
When Kevin Padrick as Chapter 11 trustee did a turnover of all the assets to his liquidating trust, these deferred gains became tax liabilities to the liquidating trust. However, Obsidian Finance’s accounting staff is conveniently leaving these deferred gains out of their tax returns.
They make plugs to the capital accounts of the Summit Shareholders to get rid of the deferred gain upon the sale or disposition of the property. For an example, Kevin Padrick just gave away the Summit Shareholders’ interest in Century Drive Mobile Home Park to another owner named Jim Hull.
Upon Disposition, the trust should have recognized around $600,000 of taxable gain on behalf of the interest owned by Mark Neuman and Brian Stevens.
No such gain was reported on this tax return and the tax of $174,000 (20% to IRS and 9% to Oregon ) was never paid by the liquidating trust.
Why would Kevin Padrick of Obsidian Finance Group pay the tax when no one is monitoring his work?
Kevin Padrick of Obsidian Finance Group would rather keep this MONEY and file more lawsuits to help pad his pockets some more.
There are many more properties with large amounts of deferred gain and related tax liability that are probably not being reported. I, you can file a Whistleblower Lawsuit and get 30% of recovery of what Kevin Padrick of Obsidian Finance Group has frauded the U.S. Government.
They make plugs to the capital accounts of the Summit Shareholders to get rid of the deferred gain upon the sale or disposition of the property. For an example, Kevin Padrick just gave away the Summit Shareholders’ interest in Century Drive Mobile Home Park to another owner named Jim Hull.
Upon Disposition, the trust should have recognized around $600,000 of taxable gain on behalf of the interest owned by Mark Neuman and Brian Stevens.
No such gain was reported on this tax return and the tax of $174,000 (20% to IRS and 9% to Oregon ) was never paid by the liquidating trust.
Why would Kevin Padrick of Obsidian Finance Group pay the tax when no one is monitoring his work?
Kevin Padrick of Obsidian Finance Group would rather keep this MONEY and file more lawsuits to help pad his pockets some more.
There are many more properties with large amounts of deferred gain and related tax liability that are probably not being reported. I, you can file a Whistleblower Lawsuit and get 30% of recovery of what Kevin Padrick of Obsidian Finance Group has frauded the U.S. Government.
The IRS and the Oregon Department of Revenue should really look at this, because it means there is a lot of missing tax dollars to our federal and state governments.
When will be enough money for Kevin Padrick of Obsidian Finance?
Kevin Padrick of Obsidian Finance Group - Thug and Thief will run this score out for as long as he can because he has and can get much, much more money than what is due to the creditors. He will be paying his attorneys, Tonkon Torp for cease and desist orders and lawsuits, while Obsidian Finance Group LLC gets 15% commissions on all sales and Kevin Padrick of Obsidian Finance Group spends oodles of hours working so very hard to pad his own pockets that paying back the creditors will be the very last thing he does.
Much More Coming Soon.. as David Aman, for the Corrupt Oregon Attorney Kevin Padrick of Obsidian Finance Group - has sent me a Cease and Desist so I must prove the LIES and Illegal Activity on the Summit 1031 Bankruptcy out of Bend Oregon ... So stay Tuned..
I Sure am Going be Busy Proving that Kevin Padrick of Obsidian Finance Group Oregon Lies, Commits Fraud, Breaks the Law and is a THUG and a Thief.
more at
Crystal L. Cox
Investigative Blogger
Crystal@CrystalCox.com
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