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Kirstie Alley named in another Organic Liaison lawsuit; being part of Ponzi scheme..

Smurf

Smurf

Gold Meritorious SP
"The actress's diet company Organic Liaison has been hit with some serious fraud charges, accusing the company of a not-too-subtle Ponzi scheme that left investors out hundreds of thousands of dollars.

Radar Online reports prominent Scientologist Michelle Seward is accused of spearheading the scheme by Jeffrey and Marguerite Stabile, who loaned her about $500,000 dollars of their life savings. And the court documents allege that Alley "either actually knew, constructively knew, or should have known that the investment of $1 million and the transfer of $400,000 into her trust... was illegal, fraudulent and otherwise improper, and at the expense of persons such as the plaintiffs and those similarly situated."

After Seward obtained the money from one of her companies, Windsor Pictures LLC, she allegedly transferred it to the Kirstie Alley Family Trust and the plaintiffs claim that "the funds the trust received are related to a premium financed life insurance transaction organized by the defendant and collateralized by $1,000,000 of investor funds." That's fancy legal speak meaning that Seward was using the money for purposes other than the intended.

Seward borrowed the plaintiff's life insurance funds by promising principal and a 15 percent annual interest for five years. But the loan is now in default and no accounting has been provided of the funds to the Stabiles since Steward apparently "lost control of the funds," which sounds ridiculously phrased when you consider losing control of $500,000 dollars of someone else's money."

http://www.sheknows.com/entertainme...diet-company-under-fire-for-fraud-allegations

Case Number: PC052908 (Los Angeles Superior Court - North Valley District)

JEFFREY STABILE & MARGUERITE O. STABILE VS. MICHELLE KENAN SEWARD, ET AL
Filing Date: 04/25/2012
Case Type: Contractual Fraud (General Jurisdiction)
Status: Pending

Future Hearings

06/15/2015 at 08:31 am in department F49 at 9425 Penfield Ave., Chatsworth, CA 91311
Motion( TO SEAL CONFIDENTIAL DOCUMENTS)

06/25/2015 at 08:30 am in department F49 at 9425 Penfield Ave., Chatsworth, CA 91311
Final Status Conference(2) OSC AGAINST THE PLNTF AND DEFDT FOR FTF TRIAL DOCUMENTS)

07/06/2015 at 08:30 am in department F49 at 9425 Penfield Ave., Chatsworth, CA 91311
Jury Trial (***SPECIALLY SET***)

Parties:

STABILE JEFFREY - Plaintiff
STABILE MARGUERITE O. - Plaintiff

ALLEY, KIRSTIE - Defendant

BACINI LLC - Defendant

FELDMAN & WALLACH - Attorney for Defendant

FLATE RONALD ALLEN - Atty for Defendant and Cross-Compl

GORDON & REES LLP - Attorney for Defendant

GREENBERG TRAURIG LLP - Former Attorney for Defendant

NOT FORGOTTEN LLC - Defendant

ORGANIC LIAISONS LIFE INSURANCE SOLUTIONS - Defendant

ORGANIC LIAISONS LLC - Defendant

ORGANIC LIAISONS MANAGEMENT COMPANY LLC - Defendant

PROTEGE FINANCIAL & INSURANCE SERVICES - Defendant

ROBERT L. BASTIAN JR. - Attorney for Plaintiff

ROES 1-200 - Cross-Defendant

ROSEN & SABA LLP - Attorney for Defendant

SATINE HOLDINGS LLC - Defendant

SATINE LLC - Defendant

SATINE SHOWROOM LLC - Defendant

SAXE-COBURG INSURANCE SOLUTIONS LLC - Defendant

SEWARD MICHELLE KENAN - Defendant, & Defendant in Pro Per

SKYLINE PICTURES LLC - Defendant

SOREF DROR - Defendant

TAM ENHANCERS COMAPNY LLC AS DOE 1 - Defendant

WINDSOR PICTURES LLC - Defendant

http://www.lacourt.org/casesummary/ui

https://www.linkedin.com/pub/jeffrey-stabile/5a/919/9a1

https://www.facebook.com/peggy.stabile
 
K

Knows

Gold Meritorious Patron
Re: Kirstie Alley named in another Organic Liaison lawsuit; being part of Ponzi sche

Did they forget to mention that at the time the money was "transferred by Oat Tea Powerz" into the Kirstie Alley Trust - Kirstie Alley moved up in Status for the IAS and became a "Meritorious Glorious Bastard" .:whistling:

She was given one of those humongous trophy's but ate it. Slappy had it made out of hamburger - her favorite "sessionable snack".
 
Leland

Leland

Crusader
Re: Kirstie Alley named in another Organic Liaison lawsuit; being part of Ponzi sche

There seems to be a real mess around these Scientologist....."business people"

Michelle Steward is named as a Defendant.....but apparently even though a second generation Clam.....has claimed to have left the Cult....

(But still working for Kristie?)

Here is something she has posted on the Interwebs...related to another law suit....??

http://www.michelleseward.org/

http://michelleseward.tumblr.com/
 
Smurf

Smurf

Gold Meritorious SP
Re: Kirstie Alley named in another Organic Liaison lawsuit; being part of Ponzi sche

Leland said:
There seems to be a real mess around these Scientologist....."business people". Michelle Steward is named as a Defendant.....but apparently even though a second generation Clam.....has claimed to have left the Cult....

(But still working for Kristie?) Here is something she has posted on the Interwebs...related to another law suit....??

http://www.michelleseward.org/

http://michelleseward.tumblr.com/
Click to expand...

Those are great finds, Leland. :thumbsup: I suspect Michelle is putting out some half-truths to cover her own ass. Investigations by the State of California & other entities found she played an instrumental role in willfully defrauding senior citizens of their life savings.

http://www.hollywoodreporter.com/thr-esq/not-forgotten-lawsuit-ponzi-scheme-paz-vega-372735

http://www.dbo.ca.gov/ENF/pdf/p/ProtegeFinancial&InsuranceService, Inc-FinalJudgment.pdf.

Michelle Seward's Chapter 7 bankruptcy discharge does not protect her in cases where a willful commission of a crime took place.

http://www.demanjo.com/news/enterta...cam-was-her-diet-company-a-ponzi-scheme-.html

https://www.facebook.com/michelle.seward.984
 
Leland

Leland

Crusader
Re: Kirstie Alley named in another Organic Liaison lawsuit; being part of Ponzi sche

Deleted....

confusing financial manuvers.....don't really get what was done.....

But of course....that is part of hiding the money trail....and crimes....
 
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lotus

lotus

stubborn rebel sheep!
Re: Kirstie Alley named in another Organic Liaison lawsuit; being part of Ponzi sche

The most powerfull ethical being on this planet on this time track!

$cientology peddler who wants you to be healty and rich!
 
degraded being

degraded being

Sponsor
Re: Kirstie Alley named in another Organic Liaison lawsuit; being part of Ponzi sche

Leland said:
Some other odd stuff....

"Organic Liaison Life Insurance Company....."

http://www.tampabay.com/news/busine...r-may-want-to-sell-you-life-insurance/1221661
Click to expand...

"But on that same day, Organic Liaison also registered a much less predictable trademark: Organic Liaison Life Insurance Solutions.

Included was a prototype for the company's colorful website, estimating pay-out benefits for a $400 monthly premium and offering "investment performance" alongside "Kirstie's Video Thoughts."

Why Alley or her company felt death benefits would mix with diet plans is uncertain. Neither Organic Liaison's CEO, Peggy Crawford, nor Alley's manager in Beverly Hills, Donovan Daughtry, would say what spurred the idea.

They also didn't agree on the trademark's status. Daughtry said offering life insurance was "still being considered by the company" and said the trademark would preserve their rights if they wished to pursue the business. But Crawford said the application was abandoned "quite some time ago" because "it was just not something I wanted to do." Alley, she added, was not involved.

So why is Alley's name in the trademark logo and why is the business' management based out of Alley's $1.5 million mansion on Clearwater Harbor?

Florida business records show Alley as manager, president or director of Organic Liaison and its management and life insurance branches. In an interview with DietsinReview.com, Crawford said Alley was "intimately involved" in all aspects of Organic Liaison".
 
The_Fixer

The_Fixer

Class Clown
Re: Kirstie Alley named in another Organic Liaison lawsuit; being part of Ponzi sche

Smurf said:
"The actress's diet company Organic Liaison has been hit with some serious fraud charges, accusing the company of a not-too-subtle Ponzi scheme that left investors out hundreds of thousands of dollars.

Radar Online reports prominent Scientologist Michelle Seward is accused of spearheading the scheme by Jeffrey and Marguerite Stabile, who loaned her about $500,000 dollars of their life savings. And the court documents allege that Alley "either actually knew, constructively knew, or should have known that the investment of $1 million and the transfer of $400,000 into her trust... was illegal, fraudulent and otherwise improper, and at the expense of persons such as the plaintiffs and those similarly situated."

After Seward obtained the money from one of her companies, Windsor Pictures LLC, she allegedly transferred it to the Kirstie Alley Family Trust and the plaintiffs claim that "the funds the trust received are related to a premium financed life insurance transaction organized by the defendant and collateralized by $1,000,000 of investor funds." That's fancy legal speak meaning that Seward was using the money for purposes other than the intended.

Seward borrowed the plaintiff's life insurance funds by promising principal and a 15 percent annual interest for five years. But the loan is now in default and no accounting has been provided of the funds to the Stabiles since Steward apparently "lost control of the funds," which sounds ridiculously phrased when you consider losing control of $500,000 dollars of someone else's money."

http://www.sheknows.com/entertainme...diet-company-under-fire-for-fraud-allegations

Case Number: PC052908 (Los Angeles Superior Court - North Valley District)

JEFFREY STABILE & MARGUERITE O. STABILE VS. MICHELLE KENAN SEWARD, ET AL
Filing Date: 04/25/2012
Case Type: Contractual Fraud (General Jurisdiction)
Status: Pending

Future Hearings

06/15/2015 at 08:31 am in department F49 at 9425 Penfield Ave., Chatsworth, CA 91311
Motion( TO SEAL CONFIDENTIAL DOCUMENTS)

06/25/2015 at 08:30 am in department F49 at 9425 Penfield Ave., Chatsworth, CA 91311
Final Status Conference(2) OSC AGAINST THE PLNTF AND DEFDT FOR FTF TRIAL DOCUMENTS)

07/06/2015 at 08:30 am in department F49 at 9425 Penfield Ave., Chatsworth, CA 91311
Jury Trial (***SPECIALLY SET***)

Parties:

STABILE JEFFREY - Plaintiff
STABILE MARGUERITE O. - Plaintiff

ALLEY, KIRSTIE - Defendant

BACINI LLC - Defendant

FELDMAN & WALLACH - Attorney for Defendant

FLATE RONALD ALLEN - Atty for Defendant and Cross-Compl

GORDON & REES LLP - Attorney for Defendant

GREENBERG TRAURIG LLP - Former Attorney for Defendant

NOT FORGOTTEN LLC - Defendant

ORGANIC LIAISONS LIFE INSURANCE SOLUTIONS - Defendant

ORGANIC LIAISONS LLC - Defendant

ORGANIC LIAISONS MANAGEMENT COMPANY LLC - Defendant

PROTEGE FINANCIAL & INSURANCE SERVICES - Defendant

ROBERT L. BASTIAN JR. - Attorney for Plaintiff

ROES 1-200 - Cross-Defendant

ROSEN & SABA LLP - Attorney for Defendant

SATINE HOLDINGS LLC - Defendant

SATINE LLC - Defendant

SATINE SHOWROOM LLC - Defendant

SAXE-COBURG INSURANCE SOLUTIONS LLC - Defendant

SEWARD MICHELLE KENAN - Defendant, & Defendant in Pro Per

SKYLINE PICTURES LLC - Defendant

SOREF DROR - Defendant

TAM ENHANCERS COMAPNY LLC AS DOE 1 - Defendant

WINDSOR PICTURES LLC - Defendant

http://www.lacourt.org/casesummary/ui

https://www.linkedin.com/pub/jeffrey-stabile/5a/919/9a1

https://www.facebook.com/peggy.stabile
Click to expand...

Saxe Coburg?

Is Queen Victoria's lot involved in this too?
 
Leland

Leland

Crusader
Re: Kirstie Alley named in another Organic Liaison lawsuit; being part of Ponzi sche

I'm still trying to make sense out of this OP....as regards what was done financially.

What is really needed is the original Suit, filed in Court....I suppose that has more data.

But what seems to have happened is:

Plantiff had a paid up Life Insurance Policy, with value.

Plantiff allowed Defendant, (Steward) ...(via Winsor Film) to borrow the value of that Life Insurance Policy....$500K, and promised a 15% return.

Defendant defaulted on the "loan". ( But there are a lot of Defendants....so probably more complicated...)

Defendant Winsor......co-mingled funds.....with another $1 million dollars of other investor's monies.....

Defendant bought Kristie Alley Family Trust a Life Insurance Policy with $400K,,,, probably thru Defendant Steward....( she owns an Insurance selling Company) Some of the Defendant's probably kept a commission.....of at least 10%....50K.

Anyway....need more info on the money trail......

Edited: So the money from the Plantiff was not "lost." It was miss-used....and is still extant....in the form of a Life Insurance Policy....in the Kristie Alley Family Trust...(at least most of it....)

But if the monies were co-mingled....it might be hard to prove, which monies are the Plantiff's

I wonder why there are not more Co-Plantiff's.

I suppose through "discovery" the Plantiff might find out who some of the other investors were....( Steward sold Life Insurance to old people....?) and get them on board this lawsuit....( Defedants were also selling investments in "to be made" Hollywood Movies.....)

Some of the Defendants are Scientologists......
 
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