Eagle Technologies Inc., which provides armed security for the National Biodefense Analysis and Countermeasures Center at Fort Detrick, filed for Chapter 7 bankruptcy protection on Sept. 15.
The company sold its assets to Protection Strategies Inc. earlier this year for $2.55 million. Nick Christiansen, company president and CEO, said the move was made to gain a competitive advantage and was unrelated to a $5 million lawsuit filed by several employees in March.
According to court documents, Eagle Technologies owes more than $1 million to 81 creditors, ranging from $152 to the Alabama Department of Industrial Relations to $412,822 to the Internal Revenue Service. Twenty-six of the 81 creditors, namely plaintiffs in lawsuits against the company, listed “unknown” claim amounts. Of those creditors claiming a specific dollar amount, 28 were government departments in 15 states and the District of Columbia.
Other notable creditors were the two law firms associated with the lawsuit filed in March, The New York Times Co., Wachovia Business Lease and Care First Blue Cross Blue Shield. In the lawsuit filed by current and former employees, plaintiffs alleged that their health insurance plans, for which money was deducted from their paychecks, was not correctly covering their medical expenses. Eagle Technologies owes Care First more than $60,000, plaintiffs allege.
Eagle Technologies reported not making any payments on loans in the 90 days preceding the court hearing. When asked to report all payments to creditors within the company, though, Eagle Technologies reported it was still paying bonuses to executives — six bonuses to three people totaling just under $25,000. Bonuses went to the company’s executive vice president, a consultant and Christiansen.
Eagle Technologies, through its contracts, brought in just over $25 million a year in 2008 and 2009, and $4.4 million in January 2010.
Christiansen could not be reached for comment.
When the court records were filed in September, Eagle Technologies reported having less than $50,000. It reported having no real property, no cash on hand, no checking or savings accounts, and no personal property except for several pieces of office machinery, which were claimed by two creditors as compensation. Nothing was repossessed or foreclosed on, but the company did have to close a bank account with Wachovia.
Wachovia also forgave a $4.75 million debt, but the records do not elaborate on the debt or reasons for the forgiveness.
The four were arrested Thursday morning at the airport’s Gate A7, and charged with multiple counts of criminal conspiracy, theft, unlawful taking, receiving stolen property, and attempted theft, police said.
Tim Smith, an airline spokesman, said American contacted police “when we saw signs of a problem a couple of months ago.”
Detectives working with airline security set up surveillance cameras and caught the men taking electronics, cameras, and jewelry from passengers’ bags, officials said. Investigators have not yet released a tally of what was stolen and its possible value.
“We have more than 150 honest, hardworking employees in Philadelphia who do a great job serving our customers every day,” the carrier said in a statement provided by Smith. “We take these matters quite seriously, though, and have no patience for this type of behavior.”
Smith said each of the arrested baggage handlers had worked for American about nine years. The airline credited police with “an excellent job.”
Arrested and charged were: Andre Cooper, 33, of Roberta Avenue, Collingdale; Jason T. Marquis, 32, of Woodview Drive, Media; Victor Soler, 45, of Providence Avenue, Doylestown; and Jermain L. Clore, 37, of the 2800 block of North Franklin Street. All are free while awaiting a preliminary hearing set for Dec. 8
Wharton Township PA. Nov 8 2010 A fire broke out this morning at one of the casual dining restaurants at Nemacolin Woodlands Resort in Wharton Township, Fayette County.
The fire at the CaddyShack restaurant, a seasonal casual dining eatery that already had been closed for the season, was spotted by security officers, said resort General Manager Chris Plummer.
Mr. Plummer said no structural damage was done. The cause still is under investigation.
An emergency dispatcher confirmed that the blaze was phoned in at 1:09 a.m. at the resort, which is located off of Lafayette Drive outside of Farmington.
The scene was quickly cleared, with responders beginning to leave the scene within 40 minutes.
Mr. Plummer said no operations at the resort have been impacted.
LAS VEGAS NV Nov 8 2010 — Two men alleged to have been carrying more than $1 million in black tar heroin have been arrested at the Las Vegas airport in the largest metro police bust of its kind, authorities said Sunday.
Narcotics detectives found 12.6 pounds of heroin stuffed in two suitcases bound for Indianapolis on a flight from Las Vegas, police announced Sunday as they identified the suspects.
The seizure was made before the suitcases were loaded aboard a plane Saturday.
It was the “largest heroin seizure in recent memory,” Metro Lt. Laz Chavez told the Las Vegas Sun in a story published on the newspaper’s website Sunday.
Jessie Gallegos, 47, of Phoenix, and Jose Villarreal-Gazaviz, 31, of Nayarit, Mexico, are refusing to cooperate with investigators, Chavez said.
The suspects were being held Sunday at the Henderson jail on federal charges of distributing heroin and conspiracy.
A dog from metro police’s narcotics K-9 unit “alerted” on the bags, police said. Metro detectives have enlisted the help of the Drug Enforcement Agency.
It wasn’t immediately clear if Gallegos or Villarreal-Gazaviz had a lawyer. The Henderson Detention Facility’s website refers queries about the defendants to the U.S. marshal’s office, which didn’t return a phone from the AP on Sunday.
CHARLOTTE, N.C.Nov 8 2010 — A man wanted in a brazen shooting at a New York City diner was arrested Saturday night at a Charlotte Bobcats game.
CMPD’s VCAT unit arrested 24-year-old Earle Barranco during Saturday’s game against the Orlando Magic.
The arrest happened out of sight of most Bobcats fans, because it took place in a VIP room at Time Warner Cable Arena.
Barranco is accused of shooting a man five times — twice in the head and three times in the back — at a popular late-night diner in the Chelsea area of Manhattan two weeks ago.
Barranco has ties to the rap music industry and the New York shooting victim was a rapper, Corey Scott, 28, known as “Young Classik.”
Scott has a violent history of his own. He was convicted of beating an elderly neighbor to death and stealing his money in 2004.
Then he was stabbed several times during a nightclub brawl, also in Chelsea, in 2007.
Police say Barranco and Scott knew each other. In fact, Barranco is quoted in a New York Daily News article as a witness to Scott’s nightclub stabbing.
Barranco is in the Mecklenburg County jail with no bond. He has an extradition hearing on Tuesday.
Police say Barranco has friends in the Charlotte area and that’s what brought him here.