Shawn Gerety - June 2015
A blog reader noticed January 2015 news that the Pennsylvania Attorney General is challenging the bankruptcy attempt of a consignment store near Pittsburgh. In that case, the AG alleges false pretenses, false representations and fraud/embezzlement by store owners when they took more than $50,000 of value from 200+ consignors knowing they would never fulfill obligations to try to sell the products through the store and pay the consignors.
To be clear, that matter has no direct connection to BuildTrend. However, victims of BuildTrend see parallels to BuildTrend's attempt to discharge debts through a Chapter 7 bankruptcy process.
From the filings with the bankruptcy court, BuildTrend had well over $1 million in unfinished projects. Gerety, Cottrell, Kelly, Donaghy and their other conspirators so far appear to have gotten away with stealing much more than the store owners by collecting deposits and pre-payments for construction work only to abandon the projects and perform almost none of the work.
Could law enforcement challenge BuildTrend's bankruptcy as a fraud?
Contributors to this blog have no insight on possible law enforcement actions, but this is an interesting question.
The more you post negative incinuating comments about Mr Cottrell as it pertains to misleading non factual statements regarding alleged conspiritors of alleged fraud scam the more you will find yourself faced with defimation lawsuits for slander!
ReplyDeleteMr Cottrell has nothing to do with Shawn Gerety or Buildtrend at all whatsover.
Mr Cottrell was never a principal of Buildtrend and was only ever a 1099 agent to which Mr Cottrell terminated his contractual relationship with Shawn Gerety and Buildtrend over two years prior to Shawn Gerety filing bankruptcy.
In fact Mr Cottrell went above an beyond to pay contractors directly to finish the final few projects Mr Cottrell was Managing in good faith to make sure the home owners projects were completed before his exit. It's important to note Mr Cottrell had to eventually sue Shawn Gerety to recoup loan monies since Shawn Gerety defaulted on loans.
Here's an update on pending matter against Mr Cottrell (See Link)
http://www.delcotimes.com/general-news/20160317/fraud-charges-withdrawn-against-delaware-county-construction-agent
Classic Witch Hunt!
Sir, despite your spin, Cottrell is found guilty on multiple counts of fraud and theft. Who's next? Kelly? Gerety? Donaghy? Wermuth?
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