Sunday, January 31, 2016

Gerety / BuildTrend bankruptcy hearing continued

From public filings related to Case 15-17039-sr with US Bankruptcy Court  Eastern District of Pennsylvania we see:
  • The judge granted the motion of Barry Solodky to resign as counsel representing the Debtor (BuildTrend Construction) on Jan 13 (entered into the record on Jan 17).  There is no indication if Gerety and BuildTrend have new counsel. 
  • The hearing with the judge and trustee scheduled for Wednesday, Jan 27 was continued. If any readers can confirm the day/time/location please post to comments. 
To follow the filings around Gerety's attempt to discharge BuildTrend debts through a try at Chapter 7 bankruptcy go to this link: https://ecf.paeb.uscourts.gov/ and search Case 15-17039.  You may need to set up a Pacer account if you do not already have one. 

Tuesday, January 19, 2016

Delco DA brings criminal charges against Vincent Cottrell

Multiple news outlets are reporting that Vincent E. Cottrell III was arrested and "charged with misrepresenting himself as a contractor and taking payments for work that was never completed"


CBSPhilly video link:

http://philadelphia.cbslocal.com/2016/01/19/crooked-contractor-accused-of-scamming-50000-from-delco-family/


Delaware County Daily Times

Upper Darby contractor busted for taking $52G, not doing the work
http://www.delcotimes.com/article/DC/20160119/NEWS/160119526

Philadelphia Inquirer

DA: Fake Contractor stole $50,000
http://www.philly.com/philly/news/20160120_DA__Fake_contractor_stole__50_000.html#gmtUVyfBBRPezWyF.03

According to the articles, the Delco DA says Cottrell stole over $50,000 from an Upper Darby, Pennsylvania couple while misrepresenting himself as an agent of JD Kelly Corp. 


The news sources indicate Cottrell has been released on $75,000 bail and is scheduled for a preliminary hearing on Feb 2 before Magisterial District Judge Robert J. Radano.  


Of course, many BuildTrend "customers" are also familiar with Cottrell because he was VP of BuildTrend Construction around the same time in 2014. 


Indeed, as exhibits in Cottrell's own January 2015 civil lawsuit against BuildTrend CEO Shawn Gerety demonstrate, Vincent Cottrell had knowing connection and economic linkage to Gerety's BuildTrend and Trend Investment Group registered contractor entities. See contracts which both Cottrell and Gerety appear to have signed in September 2013 and June 2014. 


Based on recent filings in BuildTrend's Chapter 7 bankruptcy petition, BuildTrend abandoned over $1,000,000 in unfinished projects and lists at least 12 homeowners as material creditors.  The scale of thefts by Gerety, BuildTrend, Trend and other contractor front entities could be orders of magnitude larger than the crimes for which Cottrell has been charged in Delco. 


Victims of these crooked contractors have observed common schemes, common sub-contractors and numerous common connections between the JD Kelly, RBSF, BuildTrend Construction, Trend Investment Group and Trend Consulting Group entities. Many of these entities appear to be in business today.