Looks like Air America Deadbeat owes more money then was originally thought. Via Michelle Malkin, comes a story from the NY Sun:
An attorney whose client is suing the Air America radio network said yesterday that the May litigation is part of a larger attempt by the client, an owner of radio stations, to collect more than $1.5 million it says it is owed.
The lawsuit filed by MultiCultural in May charges that the transfer of ownership of Air America to Piquant LLC from Progress Media in May 2004 was illegal and was intended only to maintain the network’s assets while abandoning its creditors.
"It’s called a fraudulent conveyance – same people, same assets, they are just trying to avoid their liabilities," Mr. Mastro said yesterday. "A company that has debts can’t just change its name, assume all the assets, and refuse to pay its liabilities. … The same individuals who contacted us and described themselves as Piquant were also part of the management and ownership of Air America."
And the New York Times had this to say:
Wow, that was deep, eh? Not one story since 8/13.
Update: Captain Ed has a link that is free for the NY Sun’s coverage.
Bit more: John in Carolina blasts the Raleigh News and Observers executive Editor, Melanie Sills. Check it out.
MULTICULTURAL RADIO SAYS AIR AMERICA OWES IT $1.5 MILLION
David Lombino of the New York Sun updates yesterday’s article about MultiCultural Radio Broadcasting’s lawsuit against Air America/Piquant. This morning Lombino reports that the $255,754 lawsuit first reported on by Brian Maloney and myself two days ag…
The New York Times sure had a lot to say on it! ;)
Evan Cohen To Critics: “He’s Only Mostly Dead”
Former Air America Radio Chairman Evan Montvel-Cohen has come under a great deal of fire recently for allegedly embezzling $875,000 from the Gloria Wise Boys Girls Club in New York City. According to Gloria Wise board members, $35,000 of this
Air America/2
Radio Equalizer and Michelle Malkin keep on hitting hard on the Air America scandal. And this time, thanks to the last developments of their (outstanding) investigative job, they accomplished to breach the wall built by mainstream media to protect Al…
WaPo Leads Charge to Shift Focus Away from Air Ame
I believe the Liberals will try and shift the attention away from the Air America Radio financial scandal to a (perceived) potentially bigger scandal by Governor Bob Taft of Ohio, a Republican, who failed to report nearly $6,000 in gifts as reported …
“And the New York Times had this to say:”
One of the best one-liners I’ve seen in a long time. Nice work!
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~~~The silence is deafening!
Prepare to be flabbergasted
I know I was flabbergasted to read this as Michelle Malkin keeps up with all things Air America:
David Lombino of the New York Sun updates yesterday’s article about MultiCultural Radio Broadcasting’s lawsuit against Air America/Piquant. T…
Air Scamerica owes millions to another broadcaster
More on the Air America scandal, and starting with this entry from Michelle Malkin, we discover that they owe as much as 1.5 million bucks to Multicultural Radio.