Complaint Review: Alister McNeill - Irvine California

ALISTER McNEILL has a long history as a white collar thief. It all statred with his former company "CREATIVE CAPITAL" thast charged interest rates well over FORTY_FIVE PERCENT YES 45% 45% 45% - then took your hiouse or business property as EXTRA collateral. After he took all the money out of the companmy he bankrupt it -see below.

Now he is using his other comapny Podium Financial to do the same thing.

BEWARE - DO NOT SEND ANY MONEY - repeat -DO NOT SEND MONEYT

ALWAYS ASK THE INTEREST RATE - THEN REPORT HIM TO THE LOCAL Authorities

SEE Below:

"We are able to fund tough deals, bad credits, BK's, past tax liens, start ups, used equipment, etc., because we look outside the transaction for real estate, and marketable securities to take as additional collateral. We are the national creative funding service.

Perhaps the first equipment leasing company to file bankruptcy because of the subprime mortgage market problems is Creative Capital Leasing Group, LLC, San Diego, California. A hard line leasing company, well-known for taking both consumer and commercial real estate, the company filed for Chapter 11 Bankruptcy in the Southern California Bankruptcy Court on September 10, 2007.

They listed up to 99 creditors, which may exceed to $100 million, but most likely is perhaps $75 million, including PFF Bank and Trust. It is complicated as father and son are attorneys and the third son is not. It also appears part of the difficulty concerns management disagreements between the three, as well as the cash flow to their main lender PFF Bank and Trust. There are other issues. The bankruptcy postings make it appear as it is a running soap opera.

The first hearing by Ernest R. J. Waldburger, trustee, will be held on January 14, 2008 at 10:30am, Jacob Weinberger United States Courthouse, located at 325 West "F" Street, San Diego, California.

In a November 30, 2008, Robert Nichols, Vice-President and Credit Risk Officer for PFF Bank and Trust filed a declaration for Plaintiff PFF Bank & Trust an eight page support for motion for relief from automatic stay (real estate.)

According to the filling, what is involved is $36,341,176 in principal, not including all accrued interest, fees, costs, and expenses.

"14.As of the Petition Date, PFF is owed Prepetition arrears in the aggregate sum of $481,484.10. By December 1, 2007, PFF will be owed Prospection Arrears in the aggregate sum of approximately $722,226.15. The aggregate PFF Debt (which includes the Outstand Principal, Prepetition Arrears, Postposition Arrears, and all other accrued interest, fees, and costs) is currently estimated to exceed $37.5 million and will continue to grow due to the Debtor's failure to service the debt.

"The aggregate value of the SFR is $40,759,000 based upon individual appraisals obtained by PFF (collectively, the Appraisals." Debtor's Schedule A reflects the aggregate value of the SFR as $42,008,600"

"18.In violation of the Lease Proceeds Agreement, Debtor (through one of its principals David Winick) made improper demand upon lessees and collected the aggregate sum of $85,557.96 from the time period of May 31, 2007 through October 17, 2007. To date, such funds have not been remitted to PFF as required by the Lease Proceeds Agreements."

"20. From the period of approximately September 18, 2006 up until the petition date, Winick caused debtor to transfer the aggregate amount of a least $1,587,140l.42 for his personal benefit. Debtor's Statement of Financial Affairs, at Section 23, confirms that Winick received sizeable transfers of Debtor's funds in the amount of $1,302,151.47. PFF has requested a detailed explanation regarding these transfers but none has been provided to date other than a m Creative Capital Leasing Group, LLC is licensed by the State of California as a California Finance Lender since December 30, 1998. They have two Better Business Bureau reports, seeming to have a production and a main business office. Both reports are unrated by BBB, but not three complaints, all resolved.

Alister McAllister of  Creative Capital Leasing Group