Obfuscation

Transparency and Honesty was the DUTY of these two miscreants. Not just the responsibility.

Responsibility is an option. Corporate Fiduciary duty is not a choice. You do it or risk personal damages. When real business persons sit on corporate boards as Directors they almost always purchase “Directors Insurance” policies.

The Courts will find that Fiske, Bettenhausen, and Kloor “acted with malice or oppression”, to the voices who objected to what was going on. They were responsible for “negligent failure” because Bylaws were not followed and the losses were ferociously obfuscated. No wiping out THAT record, so we can freely speak about it.

Thank goodness for Barney the new accountant. {Note to Barney: Keep the line item “legal fees” clearly visible, it’s your duty}. No need to remind Davenport, manning the IT records, he’s from Switzerland.

But just wait for the audit report, delayed for many many quarters. Why was it delayed? Same reason Donald Trump held his tax returns back.

Trumpenhausen must go.

But meantime, it’s going to be played into a six figure bill by an out of town attorney hired by the Coop. She wrote, in a recent letter: “Members have no rights. ”

The California Bar Association will be asking her what she was thinking. The members own it!

This trial will be open to the public. Stay tuned for the dates.

3 thoughts on “Obfuscation

  1. Mary Ella Anderson April 22, 2019 — 3:03 pm

    For a period, I was the Treasurer of the board and met with the accountants doing the annual audit. I had been on the Supervisory Committee of the Garberville Credit Union for 7 or 8 years and understood the importance of audits, particularly the importance of the findings in the audit. When I met the auditors that year they noted that the co-op was loosing thousands of dollars every month because there was no process for checking the deliveries against the manifest that came with them. The auditors told me that shortages are almost routine on deliveries and the co-op should be monitoring the deliveries and requesting refunds for items not delivered. As I was Treasurer I pressed this point and was completely stonewalled by Melanie and Colin. Melanie claimed that setting up a system to verify that all the items on a manifest were delivered and requesting refunds for missing items was impossible. I continued to press and got absolutely no support from Colin or Leah. As far as I know, no system has ever been established to compare deliveries with the manifest and the co-op is routinely loosing money because of it.

    How is that not a failure to perform one’s fiduciary responsibility?

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    1. Mary Ella the question is : was the meeting recorded? I have instructed Davenport to make sure nobody deletes those records. We are gathering a “group” for a court filing in the near future unless Bettenhausen is dismissed. This information you have related is crucial. An Ad is going to be published in both the TS as well as NCJ for participants with C-Shares. Van Baldwin is reviewing it now.

      Like

    2. And, actually it’s known as “Gross Negligence”. We are getting a staged quote on the retainer now.

      Like

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