Soneet Kapila goes after John Regna and Stuart Harrington for fraudulent transfers

Lou Pearlman bankruptcy trustee Soneet Kapila has filed two major fraud and asset recovery cases against two people who helped Pearlman obtain money from banks.

The bigger case in terms of money is against Stuart Harrington, who is accused of arranging bank loans for Pearlman and, at least some of the time, claiming to the banks that he was chief financial officer for Pearlman and his various companies. During the two years leading up to the bankruptcy filings, Pearlman and his companies transferred at least $1.3-million to Harrington and $1.8-million to North American Capital Markets. If you go back four years, the numbers are larger. 

The case against Regna and his company, World Entertainment Associates of America, accuses him of taking Pearlman's personal property--even loading up the jet skis behind Lou's house and taking them away after Kapila had put them up for auction. The lawsuit references $416,000 in Pearlman-related funds turned over to Regna, $60,000 given to a law firm for his benefit and $50,000 in two-year transfers to World Entertainment.

"While Pearlman was out of this jurisdiction, he was in constant contact with Regna by telephone and electronic mail prusuant to which he provided direction to Regna about payments to third parties and the marshalling of Pearlman's personal belongings," the suit says.

Of course, Kapila wants it all back.

Comments

Are you a fish?

[Kim]

I don't post without using my name, I just haven't been posting that often, thank you very much. I refuse to feed the trolls and that seems to be all that has been posting lately. Trust me when I say I am not afraid to put my name with my opinions, such as the fact that you are trying to bait me now.

Is Pearlman legally able to retrieve any hidden funds when he gets released?

He's not doing it for free. You are paying for it. He's working under a contract with the pubic defender's office.

Hidden Money

Publicity and name recognition is my guess?

Why is Pearlman's lawyer handling the case for free, as he is in private practice?

Annoymously, please

Hey Jeff, you in the box. I have a questionable e-mail which could be fraudulent, not on this topic completely different. Would like to send it to you or report somehow?

9;53 "Comments that make sense", we don't want to leave you out, do we? You have a right to speak.

Can you imagine deleted posts returned? My favorite was the ex-employee. That person had the most intresting information.

Helen, I recommend extending the rules for commenting here. Give no room for all this bs chitchat or sneering at each other. Only allow comments or questions that make sense. Also changing back the reading order to from top to bottom would help some, I think. Thank you and keep up the good work!

Kim why did you stop signing your name after your posts, You were always so proud to do that. We still know who you are, you do know that?

Thank you Joe

[Joe]

I need it.

Be proud of us, Helen. For the most part we ignored the TROLL... Yours is still the best source of information for us! Again, THANK YOU!

How so?

Actually it seems Mandy ended up the best out of all of us.

[BB]

Any word on action against Mandy, Fischetti, Finger, etc???

just kidding whats up jeff?

Free big popa, this is what members of his bands called him? What did he do for you and I don't mean professionally?

Who created the free big poppa website??

It is not harassment it is a difference of opionion which I am entitled and feel very fortunate to have.

Helen, I believe you have some people you do need to apoligize to, dont you?

Oh your talking about 1:57 don't worry we just ignore her.

[Helen Huntley]

Dear blog readers--I apologize again for the harassment visited upon us by a couple of people. I cannot imagine why anyone would get a thrill out of anonymously harassing people, but someone obviously does.
Helen

ACLU

Congratulations Bob you looked up the First Amendment and even used it in a sentence. Good Job.

Congratulations Bob you must have looked up the first Ammendment and you even used it in a sentence. Great Job.

[Bob West]

To 1:57
It doesn't take much to get "THEM" to come out of the woodwork.
I got "THEM" Going yesterday. It's real easy, all you have to do is exercise your own 1st.
Good show.

You are anti-American if you do not respect the United States Constitution. You probably don't even know what it says.

To the idiot who keeps using the 1st Ammendment as an excuse to be obnoxious,self-centered,rude:Once you've spoken your piece and expressed your opinion there's no reason to keep repeating it over and over again, especially to people who are clearly showing disinterest.If this is how you conduct yourself outside this blog,it is clearly the reason you have nothing else to do and no one who will listen to you.You have much deeper problems and you obviously know this, as well.Find somewhere else to post your graffiti because that's all it is. Littering the board with your nonsense to get attention.That's all there is to it.

I meant he is due to be released from jail March 2029, less than 21 years from today.

He is due to be released in March 2009

Excuse me, 10:22 am.

9am, you just removed an intelligent and reasonable post.

Name calling very Professional by the way. D

First Ammendment Advocates

"Censorship reflects a society's lack of confidence in itself. It is a hallmark of an authoritarian regime" Supreme Court Justice Potter Stewart (1966) D

[Helen Huntley]

9 a.m.--There are many "anything goes" places on the Internet. I suggest you post at one of them.

Why don't you create an anything goes space Helen, and your own space? That way you are not assaulting freedom of speech issues? Please explain if you see it any other way? Or does your love affair with the "fab four" trump everything? By the way, the "fab four" could have blown the whistle months before they did. Not so fab.

Helen is there no room to post or do you not like the posts? I believe I said earlier I am looking for the truth and won't stop until I find it. Does that bother you? D

The truth must ruin it for all.

[Helen Huntley]

The troll who has no life other than posting on this blog has created problems for all those who wish to post.

Where did all the comments go??????????