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Did Dominelli Study Ponzi?
re#64 "This was in federal court, so if you get 20 years you do 20 years-minus 15% of good behaviour if you get it." So let me ask you this question surfpuppy. Minkow was indicted by a federal grand jury, prosecuted in federal court by a federal prosecutor and served time in a federal prison. So how did he only serve 7 1/2 of 25 yrs. I know it's 54 days per year for good behavior, but that doesn't explain onlt 701/2 yrs. Any Ideas? "BTW-I am being funny when I said Ponzi is Barry Minkow." That's ok, I was actually sort of mocking your investigative side with my post. No offense intended, of course.— November 7, 2009 6:40 p.m.
Did Dominelli Study Ponzi?
Re # 50 "It is doubtful if the LA Times published very much of the J David case in the LA or OC editions." See # 60 I wasn't there for most of it, so I bow to Don on this one.— November 7, 2009 1:43 p.m.
Did Dominelli Study Ponzi?
Re 43 One other thing surfpup. The LAT did cover J David. Perhaps you have forgotten that there was a San Diego edition of the LA Times until sometime in the early 90's. We have a subscription to the LAT archives and they have articles on J David as far back as 1982 right on thru trial and sentencing and on.( there may have been other articles prior than that, but the archive only goes back to December of 1981) Many of them were written by Anthony Ramirez, who was the LA Times business editor for the San Diego edition of the LA Times, before he became an associate editor for Fortune magazine and later joined the NYT. Perhaps Don may have known him.— November 7, 2009 10:43 a.m.
Did Dominelli Study Ponzi?
Don and surfpuppy, geeez, you guys need to cut me some slack already. I never said I thought ponzi=minkow. I said it was plausible, but I also said it was food for though for the surfpup. I really have no idea. Except for summer vaca, I was gone away at college for pretty much all of the JDavid stuff I think. We used to visit my former in laws in OC during that time and I remember seeing ZZZZ best commercials on tv a few times. I think that about the time i had finished grad scholl and then moved to OC for work was about the time the whole ZZZZ best thing was starting to come apart. I remember watching a segment about it on a show called Eye On LA, but that's about it. So I really don't know much except what I' ve read about it. My apologies if I offended ponzi. That said, surfpuppies comments on sentencing made me curious, so I researched it a little. Minkow was found guilty on 54 counts of racketeering, securities fraud, embezzlement, mail fraud, tax evasion and bank fraud. He was sentenced to 25 yrs in prison and ordered to pay $25 million in restitution. He served 71/2 yrs of his sentence. In 2002 the original judgment on behalf of investors and lenders against Minkow was dismissed. His probation was also cut short as of the fall of 2002. As of 2004, Minkow's outstanding monetary debt remains with Union Bank of California, with principal and interest totalling around $19 million. Minkow pays up to 30% of his $68,500 yearly salary to the bank. Also the majority of his speaking fees and money from his book sales go towards his debt.— November 7, 2009 10:23 a.m.
Did Dominelli Study Ponzi?
Ponzi, Actually Minkow is 42. Sorry, can't help it, too detail oriented I guess. (no my gf doesn't call me Monk). Here's some food for thought, surfpuppy. Minkow started his "business" when he was still in high school. He was 16. So that was between March of 1983 and March of 1984. He didn't go public till January of 1986. If I remember it was late 83 when Dominelli investors started having problems and early 1984 when the $**T hit the fan. So Minkow would have been 16-17 when it went down; plenty old enough to understand what was going on. Especially for someone who was runnimg his own business AND having money problems. I think it's completely plausible that Ponzi could be Barry in disguise. However take it a little farther. Since ZZZZ Best was going on at the same time as J David was coming apart, maybe Minkow used it as a case study on how to run his own business/scheme. Maybe he thought he could learn from J Davids demise and not replicate the same mistakes. By all accounts, Barry Minko is a pretty intelligent guy. Maybe he just wasn't as good as he thought he was, in terms of not making the same mistakes. Seems somewhat plausible to me. Just something to make you go HMMMMMMMMMMMMMMMMMMMMMMM.— November 6, 2009 4:12 p.m.
The Anti-Sonic Burger
Gringo, didn't Naugles have something called the Naugleburger and the double Naugleburger? My former bother in law was the one who turned me on to Naugles. He was a dig dude, 6'6" or so and probably 260+ and if my memory serves me right, his favorite meal was 2 double somethings with frys and a coke. I agree about the portions......huge burritos. I remember reading something about that after Naugles was sold to Collins food. Somebody was referencing Naugles inability to get their costs down and said something to the affect that Naugles couldn't even tell how much an average order costto make and DelTaco could tell if their cost varied even 1/10 of 1% on a meal.— November 5, 2009 10:03 a.m.
The Anti-Sonic Burger
Re # 51 Gringo, both sets of my grandparents moved to SD in the late 20's/early 30's(military don't you know), both of my parents were born in SD. I grew up in SD, but technically I'm an angelino. The bad news was broken to me when I was very young that I wasn't a native born San Diegan. I was crushed. It seems that my parents were at LAX to pick someone up and my mother went into labor a couple of weeks early. She was taken to Centinela, I guess because it was closest. So I was born in and lived the first 24 hrs or so of my life in lovely Inglewood. But...since I left for college in 79, the only length of time I spent back in SD was summers and about 6-8 months after I finished grad school. I had a chance to advance in my company by moving to OC, so I have spent most of the last 20+ or so yrs in and around OC/LA.— November 5, 2009 9:29 a.m.
The Anti-Sonic Burger
Gringo, was that the one Placentia, I think at either Nutwood or Chapman? It's been a long time so I don't remember for sure. When I was married, way back in the college days, my in-laws owned a condo on Placentia, just immediately south of the center on the sw corner. I remember a 7-11 next to a mexican restaurant in the center and then across a side street south down Placentia there are some condos. Coming the other way, from the south on Placentia was a Naugles we all ways went to when we were there. I saw John Robinson in there once; That was back when he was coaching the Rams and they had preseason camp at CSUF. Didn't Naugles merge with Del Taco not to long after Dick Naugle sold. I think thats when Del Taco came up with "Macho", when they took over Naugles?— November 5, 2009 1:13 a.m.
The Anti-Sonic Burger
re #42 Pete, have you ever been to Tucson? If you have, then you know 2 things. First, as many zonies that come to Ca. they know about in-n-out so it's a novelty to them. Secondly, you would also know that during the 4 hrs the spent in line, in Tucson they missed absolutely nothing. BTW, not everybody who eats fast food is fat and lazy or, no offense intended, has your physique. I rarely eat fast food and when I do it's usually a taco shop. But if I do want a burger, it's usually in-n-out. I know it's fresh and I know what I'm getting re#43 It's called wake turbulence. It was from a 757 that was about 2 miles in front of them. That crash investigation led to the FAA requirement for an adequate period between heavy aircraft and following light aircraft to allow wake turbulence to diminish. It was a charter flight with just 2 execs. The other 3 were the pilot/co-pilot and a friend of Snyder's. The eery thing is Snyder and the other guy never flew together when they went the same place for business.In-N-Out had a corporate policy forbidding it. In this case, they had been up in Norcal for a store opening and supposedly the COO flew back on the charter so he could get home sooner. Esther Snyder had been on the plane also, but for some reason they made a stop in LA and she got off the plane.— November 5, 2009 12:05 a.m.
The Anti-Sonic Burger
#23 I could swear that there used to be a WH in Blythe. We used to drive back and forth alot in the early 80's and for some reason I keep remembering stopping at one in Blythe. As the In-N-Out buns, they all come from the commissary. The stores get daily deliveries and the only thing they do at store level is prep the onion/lettuce/potatos, ect. I was in Tucson on business for a few days in 2007 when they were opening a store their. I have NEVER seen any fast food joint that busy. I saw on the news that people were waiting as long as 4 hrs in the drive thru and they had cops directing traffic. I talked to the manager on on visit and he said they were getting 2 deliveries a day instead of one. I later read that opening set records for most burgers sold in one day along with the most sold in one week.— November 4, 2009 8:33 p.m.