Talking Racine Episode 148 Part 1 “The Fraud Complaint”

Talking Racine discusses the “Code of Conduct” being presented to the city council. Also the Azarian Wrecking vs the City of Racine lawsuit claiming “FRAUD” We bring the perspective down to the local level to discuss issues that affect our own city of Racine, WI We’re about investigative reporting on topics that matter: corruption, conflicts of interest, broken systems, abuses by institutions and individuals with power, whether that’s government, nonprofits, or the press itself.

Azarian Wrecking files amended Complaint alleging “Fraud” Against Defendant City of Racine and Defendant Redevelopment Authority of The City of Racine.

  1. “FDP took 10% holdbacks from the Plaintiffs Sam Azarian d/b/a Sam Azarian & Sons Marina, Inc. and Azar, LLC, falsely told these property sellers it was for “environmental remediation,” but the truth was that it was actually used to create the escrow account for FDP to pay one percent interest to the CITY for the $4.5 million loan to FDP”

36  In his December 30, 2014 email to Attorney Jud Wyant and Rodney Blackwell, Attorney Richard Donner stated that they need to speak to the CITY’S attorney Elaine Sutton Ekes and the CITY to see if the CITY approves it:         

     We will need to speak to Elaine to see if the City is comfortable with lowering the purchase price to $1.35M but keeping the loan amount at $1.5M to fund the reserve.

 

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