Some Account Executives Will Not Be Getting Their Commissions!

[Laurence Glavin]

Boston Magazine's website reports that Raman Handa, CEO of the Alph-Omega jewelry store chain, has fled the country for India along with his family. Workers and customers who showed up at the stores in the Boston area were given no info. The chain advertises on several Boston radio and TV stations that may never see their money after they send out their bills.

 

[radiorama1]

HO! HO! HO!

MEHHHHH---ERRRY CAHHR-ISSSMASSS!!!

 

[AllForADeuce]

Unfortunately, it looks that the only source of this news is a blog. On a search of the Herald and the Globe, no news of Raman Handa in either papers. God knows after the faux-Mitchell Report news and the Tom Brady suspension farse that the newspapers might almost be taking a careful step in actually researching the items before reporting it.

 

[Cueburn]

There is an article in Boston.com...

They are still calling it a "rumor" They can not confirm nor deny the report....

http://www.boston.com/business/articles/2007/12/20/alpha_omega_owner_leaves_amid_rumors_report_says/

 

[MassMusicMan]

Can the radio stations file an injunction to have the store's assets seized? Sell off the jewelry at an auction to pay the stations?

 

[amfmsw]

Broadcast, Print, ad agencies...they're unsecured creditors, at the end of a long, long line. Banks and Mortagors first, then suppliers, then unsecured creditors...like the folk who waited to pick-up their Christmas lay-a-ways. If true, they just got laid seven ways to Sunday.

 

[MassMusicMan]

In that case, why on God's green Earth would a radio station carry spots without having the checks in hand? Make the clients pay first, right? For an industry that cries poor all the time, you'd think they'd be more adamant about getting paid.

 

[Dark Knight]

The story seems to be true, but the radio folk I know are not suffering because apparently the Alpha Omega folks were not big believers in the medium and did not buy from them. Sometimes the best deals are the ones you don't make, I guess.

 

[WVCAfan]

During a smoke break at work, a friend was on his cell phone. He mentioned Alpha-Omega. I asked him about it, having been in the jewelry biz, too. He and 2 others are suing Alpha's owners over a Jordans-like Red Sox promotion as an illegal lottery....against state law. His lawyer was going nuts this morning trying to freeze assets because the owner, evidently, did fly the coop. Another friend quipped "I think Jordan's lawyers may be better than his". For what it's worth.

 

[Laurence Glavin]

The story seems to be true, but the radio folk I know are not suffering because apparently the Alpha Omega folks were not big believers in the medium and did not buy from them. Sometimes the best deals are the ones you don't make, I guess.

That's odd...when the A/O story broke, I felt as though I was very familiar with the Company and figured it was from radio advertising since I mute or fast-forward over most TV ads.

 

[diamondj]

Some stations may have done trade - aka running ads in exchange for giveaways.

 

[thetheo]

The story seems to be true, but the radio folk I know are not suffering because apparently the Alpha Omega folks were not big believers in the medium and did not buy from them. Sometimes the best deals are the ones you don't make, I guess.

That's odd...when the A/O story broke, I felt as though I was very familiar with the Company and figured it was from radio advertising since I mute or fast-forward over most TV ads.

I've heard ads for them on the radio as well.

Also, just came back from the Burlington Mall, both stores were locked/dark, but not boarded up/no note/etc. Very odd indeed.

 

[Mickey37]

Things could be happening -

http://wbz.com/Developments-in-Alpha-Omega-mystery/1376173