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KTEK goes into receivership

J

johndavis

Spotted at FCC.gov and pointed out in this morning's Taylor on Radio:

Involuntary Transfer of Control
From: BUSINESSRADIO HOUSTON LLC
To: THOMAS L. TAYLOR, III, RECEIVER
Form 316

https://licensing.fcc.gov/cgi-bin/w...xt=25&appn=101390286&formid=316&fac_num=10827

You've got two court orders at the bottom of the page related to the SEC's action against Kaleta and Frishberg (both his financial services company and Businessradio Network LP).

The first order appoints a receiver to take over Kaleta's companies, dated December 2009, which would be around the time that the whole thing started to crumble. The second order, which was approved on June 17, modifies the first order to put DFFS and BizRadio under control of the receiver. It also states that DFFS owes Kaleta Capital Management $1.2 million.

I'm not a lawyer and I don't pretend to understand all of what's happening here, so I don't know if this means the sale to Salem is off or just delayed and complicated by all of this. But it must suck to be The Moneyman right now.
 
BizRadio safely in the hand of the SEC receiver who is trying to sell the station for maximum return to the defrauded investors. Meanwhile, Dan Frishberg has established a series of new blogs and websites trying to make sure that the negative publicity that he has generated through his actions disappears from the front page of google.

Click on this new blog entry and share with others so that the true message about Dan is always front and center.

http://chuckgallagher.wordpress.com/2010/08/08/daniel-frishberg-and-the-importance-of-money-management-irony-in-deception/
 
johndavis said:
Spotted at FCC.gov and pointed out in this morning's Taylor on Radio:

Involuntary Transfer of Control
From: BUSINESSRADIO HOUSTON LLC
To: THOMAS L. TAYLOR, III, RECEIVER
Form 316

https://licensing.fcc.gov/cgi-bin/w...xt=25&appn=101390286&formid=316&fac_num=10827

You've got two court orders at the bottom of the page related to the SEC's action against Kaleta and Frishberg (both his financial services company and Businessradio Network LP).

The first order appoints a receiver to take over Kaleta's companies, dated December 2009, which would be around the time that the whole thing started to crumble. The second order, which was approved on June 17, modifies the first order to put DFFS and BizRadio under control of the receiver. It also states that DFFS owes Kaleta Capital Management $1.2 million.

I'm not a lawyer and I don't pretend to understand all of what's happening here, so I don't know if this means the sale to Salem is off or just delayed and complicated by all of this. But it must suck to be The Moneyman right now.
Click to expand...


The link for the form you posted is blank. None of the boxes are filled with information.
 
Chuck Tiller said:
The link for the form you posted is blank. None of the boxes are filled with information.
Click to expand...

Looks like the FCC took the application that contained the document links offline and has replaced it with a PDF of the granted authorization.
 
Looks like Dan the Moneyman has been without his "brainchild" since 8/2. Has anyone heard him? From the look of things it appears like the best hope for his show is a coconut with string attached to another coconut.

I guess his next stop, after all the court proceedings, will be an address with bars and a number on his clothing.
 
adguy said:
I guess his next stop, after all the court proceedings, will be an address with bars and a number on his clothing.
Click to expand...

And he'll tell everyone that he lives in a "gated community."
 
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