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Hotel Zoso sale will aid investors in USA Capital Palm Springs site to ...
Hotel Zoso, a 163-room property in downtown Palm Springs, is being sold for $22.5 million for the benefit of investors in USA Capital, the hard money lender that failed in April 2006 with $962 million in assets. USA Capital, a Las Vegas company owned by Tom Hantges and Joe Milanowski, solicited money from individual investors and used the money to make loans secured by real estate. Some individuals invested in funds, and some investors bought fractional interests in specific loans. The 1,300 Nevadans and former Nevadans who invested in USA Capital Diversified Trust Fund are waiting to see how much of the sales proceeds they may receive, said Marc Levinson, an attorney with Orrick, Herrington & Sutcliffe. The Diversified fund investors are unsecured creditors, but direct lenders, who bought fractional interests in the trust deed for the hotel, are secured lenders.
Philbrick Avoids Trial, Pleads Guilty to Misdemeanors
A former Coachella Valley news anchor who was arrested last year in a sting aimed at pedophiles reached a plea deal Wednesday with the Riverside County District Attorney's Office. Jim Philbrick, 45, pleaded guilty to one misdemeanor charge each of trying to distribute harmful matter to a minor -- which was reduced from a felony -- and soliciting a lewd act in a public place. Prosecutors agreed to drop the most serious charges -- two felony counts of attempted lewd acts on a child younger than 14 and a felony count of attempting to distribute harmful matter to a minor. Philbrick could get up to nine months in jail but will likely receive probation, according to defense attorney John Patrick Dolan, who said his client would not have to register as a sex offender.
Timeline of Stacy Peterson's Disappearance
And former LAPD homicide detective Mark Fuhrman has pieced together a timeline that we know happened the day Stacy Peterson disappeared. Joining us in Spokane, Washington, is Mark Fuhrman. Mark, we can't get a timeline out of Craig — I mean, out of Drew or out of Joel, his lawyer. So what have you been able to piece together as a timeline? MARK FUHRMAN, FMR LAPD HOMICIDE DETECTIVE, FOX ANALYST: Well, Greta, you know what's interesting about Joel Brodsky and Drew Peterson is they can't address the timeline because Drew has created an entire mess for himself. There's no place that the investigators can't go to find a hole. Start with the beginning. And there's certain segments that I find the most important. About 10:00, 10:15, the call that comes in that Stacy is last talked to, the call that Sharon, the neighbor, puts in to talk to Stacy, she is not available.
COPYRIGHT NOTICE
Lee National Denim Day donates $5.5 million to groundbreaking early detection and treatment research as well as local breast cancer prevention services. Actress Gabrielle Union, a 2006 Lee National Denim Day ambassador, attended the celebration at Lee Jeans' headquarters on behalf of EIF. 2006-10-06 .
NOBEL PRIZE FOR AL GORE
Just when you thought Al Gore's head couldn't get any bigger," mocked blogger Michelle Malkin, alongside a decidedly unfavorable photo of Gore with his cheeks and neck all blown up. "Look on the bright side," wrote Allahpundit, "after Arafat, Carter, and Iranian marionette Mohammed ElBaradei, the award couldn't possibly be more degraded." "Thanks to Al Gore, polar bears will no longer be drowning, therefore free to continue to kill and maim any humans that come into contact with them, therefore contributing to world peace," wrote blogger Cassy Fiano, calling Gore the "Indiana Jones of the Climate Change Movement." "Fausta's Blog" suggested that Gore next put on a one-man Broadway show so he could add a Tony Award to his Oscar and Emmy. And "Redstate" reminded its readers that Hitler and Stalin once had also been nominated for a Nobel Peace Prize.
Audio4fun to Diversify in China Market
Audio4Fun (corporately registered as Avnex Ltd.) has officially announced its intention to expand their business into China, a country of more than one billion people. This will certainly open a lucrative and challenging market for this leading multimedia software company. .
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