On Robbie Perkins and Zack Matheny's Greensboro Taxpayer Swindle; David Hagan's $586,000 Commission Which Greensboro's Taxpayers Didn't Need to Pay
On David Hagan’s $586,000 Commission Paid for by Greensboro’s Taxpayers 1:04
Sep 20, 2013; News & Record;
“What attorneys and banks will be involved in hashing out project details?
And why did the foundation hire a real estate broker from its own board to negotiate a land deal that the city financed?
[Greensboro Country Club member] David Hagan, who is U.S. Sen. Kay Hagan’s brother-in-law, will get nearly $586,000 — about 5 percent — as a commission on the $11.34 million purchase price.
The city has four real estate brokers on staff, but [real estate agent and fellow Greensboro County Club member] Mayor Robbie Perkins and [real estate consultant and former Greensboro Country Club member] Councilman Zack Matheny said it made sense to use David Hagan because of the complex nature of the transaction and his contacts downtown.
At least some council members, including [Greensboro Country Club member] Councilwoman Nancy Vaughan, who has been deeply involved in the project, didn’t know David Hagan had been hired until the last month or so.”
http://www.news-record.com/news/local_news/article_19e92380-226b-11e3-8376-0019bb30f31a.html
Some more Robbie Perkins History from the Archives;
Saturday, November 10, 2012; Billie Jones; “Robbie Perkins Newbridge Bank Fraud”
...”2003 Perkins brokers FNB Corp Headquarters deal
2004 Perkins purchases home for $725,000
2005 Perkins joins FNB Southeast Board
2006 Perkins receives $1,200,000 loan on his property plus another $285,000 on the vacant lot beside it
Fast forward to 2011;
2011 In spite of financial difficulties and his divorce, Perkins runs for Mayor (why wouldn’t he focus on his business and marriage?)
2012/June Newbridge/FNB assign Perkins loan to a special servicer Bayview
2012/Oct Perkins resigns from Newbridge board
2012/Nov It comes out that Perkins is proposing a short sale where he walks away from his obligations and doesn’t have to pay back the banks the full amount (both of which have received significant TARP money)...”
https://greensboroperformingarts.blogspot.com/2012/11/robbie-perkins-newbridge-bank-fraud.html
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Monday, April 08, 2013; Roch101; “Billy’s good question on Mayor’s inconsistencies
“Billy Jones asks a good question: Why did Mayor Robbie Perkins offer two different reasons for having resigned from the board of directors of Newbridge Bank?
According to the News & Record, in explaining the resignation during his divorce proceedings:
Robbie Perkins responded, saying he had to resign because he could not pay the home equity line owed to the bank for the couple’s house.
According to Newbridge Bank’s 8-K filed with the Securities and Exchange Commission:
Mr. Perkins indicated that his decision to resign is due to increased family and business responsibilities, including his position as Mayor of the City of Greensboro, all of which have caused him to reduce his activities in other areas. Mr. Perkins’ decision to resign was not the result of any disagreement with the Company or its management.”
From the comments;
“Lex Alexander12:17 PM, April 09, 2013;
In fairness to all concerned, both could be true. I suspect the statement to the N&R is *more* true, however, and that’s a bit of a problem for the bank and Robbie inasmuch as Robbie knew or should have known that his activities as a director, including the state of his financial relationship with the bank on whose board he sat, likely would be considered “material” under SEC regulations and therefore subject to disclosure.
Author 2:30 PM, April 09, 2013;
That’s true, they are not mutually exclusive; and it is also true that resigning because he could not pay back a loan to the bank would probably be material, indeed.”
https://roch101.blogspot.com/2013/04/billys-good-question-on-mayors.html
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Jul 12, 2013; News & Record; “Robbie Perkins blames recession for loss of condo and other property.
A condominium owned by Greensboro Mayor Robbie Perkins is in foreclosure and will be sold at auction Aug. 6.
During a hearing in High Point this week, the Guilford County Superior Court officially gave permission for the sale of Perkins’ condominium at Center Pointe tower in downtown Greensboro.
Also this week, a judge in U.S. Bankruptcy Court in Greensboro lifted a stay on a house and a piece of land Perkins owns on St. Andrews Road in Greensboro, so that NewBridge Bank can exercise its “rights and remedies,” which include foreclosure.
Perkins filed for bankruptcy in April. On Friday, he described the foreclosures as “part of the whole restructuring and starting over again that I’m going through.”
“Part of the bankruptcy process is you lose your assets,” he said. “Any real property I have ownership in is going to go back to the bank. And the best way to straighten the title out on the property is to foreclose on it...
“It is what it is,” Perkins said. “I’m working through a financial reorganization and the way I’m doing it is to give up everything I own. It’s happened to a lot of people and I just happen to be the mayor.”
...According to court documents, Perkins owes NewBridge about $655,000 on the St. Andrews Road properties.
Bankruptcy records from April showed that the mayor had a total of about $10.8 million in debt.
Perkins, who works in the commercial real estate, blamed the economic downturn over the past several years for his financial situation.
“That recession took Wachovia Bank down in a weekend, but I hung on for five years,” he said. “The terrible economy changed the nature of our business. Everything I had was in real estate in this market, and I took a bunch of hits and ran out of cash.”
The mayor, who still lives in the Center Pointe condominium, said he plans on moving out soon and renting an apartment or townhouse.
...Perkins could not immediately be reached for comment.”
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Jul 16, 2013; News & Record; “Mayor will pay partial back support to wife, hearing postponed
...They married in 1988 and have three children. Robbie Perkins also has two children from a previous marriage.
Robbie Perkins disputes the amount owed and is seeking to lower alimony and child support payments.
...“I’m a commission salesperson,” he said outside the courtroom Tuesday. “I get paid when a deal is closed, not a regular salary. I have ups and downs in my income.”
...concerns were raised over how Perkins would be able to pay more than $30,000 owed to Greensboro Day School, and the hearing ended up being pushed back.
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Aug 7, 2013; News & Record; “Bank bids on mayor’s condo
It looks like the foreclosed condo owned by the mayor of Greensboro will wind up in the hands of a bank in High Point.
...The bank bid $201,000.
...If there’s no later bid, High Point Bank and Trust will own a ninth-floor apartment with a nice view of Center City Park.
The mayor and his former wife ...bought the condo in 2009 for $270,500. The two-bed, two-bath unit has about 1,100 square feet and a small balcony that overlooks the park.
The couple borrowed about $228,000 to buy the unit at 201 N. Elm St. That’s the address Perkins listed when he filed last month to run for his second term as mayor.
The mayor’s financial fortunes started to go south not long after the condo purchase.
Perkins, president of the Greensboro office of commercial real estate company NAI, blamed his money troubles on the recent economic downtown that hit real estate particularly hard.
...Perkins filed for bankruptcy in April. Court documents show he claims about $10.8 million in debt.
That includes about $206,000 he owes to High Point Bank and Trust on the Center Pointe condo and a $655,000 bank note on a house he owns on St. Andrews Road in Irving Park.
A federal bankruptcy court in July cleared the way for NewBridge Bank to start foreclosure proceedings on the Irving Park house.
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Aug 23, 2013; News & Record; “Perkins lawyers spar over mayor’s support payments
A judge was asked Friday afternoon to put Greensboro Mayor Robbie Perkins in jail for 29 days unless he starts paying what’s supposedly due his ex-wife.
The judge didn’t order the mayor to jail, but Perkins did agree to pay $7,200 by Tuesday — an amount Perkins’ attorney said would bring him current for July and August for what Perkins believes he should owe...
“He doesn’t have any other money to give her...” Morgenstern told Judge Tom Foster in court Friday. “You can’t get blood out of a turnip.”
...Perkins, who works as a commercial real estate broker, says that his business has been hit hard during the economic downturn of the past several years and that he can’t afford the $11,656 he was ordered to pay in monthly support.
Coltrane is contending that as of this month, Robbie Perkins is $32,771 behind in post-separation support.
...Robbie Perkins testified previously that he has only $2,159 in the bank, and that a good portion of that was being eaten away by bills. Friday, Morgenstern said he now has about $1,200.
In April, Robbie Perkins filed for bankruptcy. Earlier this month his condominium at Center Pointe tower in Greensboro was sold at auction.
Robbie Perkins has insisted that of the $67,269 he’s earned in real estate commissions and from his mayoral salary since filing for bankruptcy, he’s kept about $7,200 for himself. Most of the rest has been paid out for post-separation and child support, his bankruptcy trustee, taxes, attorneys fees and membership fees at Greensboro Country Club, he said.
https://greensboro.com/news/local/article_c9c8509a-0c14-11e3-8058-001a4bcf6878.html
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10/16/13; Billy Jones; “Robbie Perkins, Securities & Exchange Fraud”
“On October 17, 2012, Robbie Perkins and Newbridge Bank released the following statement to the United States Securities and Exchange Commission and Newbridge Bank Stockholders:
“ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; APPOINTMENT OF PRINCIPAL OFFICERS.
(b) On October 16, 2012, Robert V. Perkins gave notice of his resignation from the Boards of Directors of NewBridge Bancorp...
Mr. Perkins indicated that his decision to resign is due to increased family and business responsibilities, including his position as Mayor of the City of Greensboro, all of which have caused him to reduce his activities in other areas. Mr. Perkins’ decision to resign was not the result of any disagreement with the Company or its management...
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NEWBRIDGE BANCORP
Dated: October 17, 2012
By: /s/ Pressley A. Ridgill
Pressley A. Ridgill,
Chief Executive Officer”
Billy Jones;
“Mr. Perkins’ decision to resign was not the result of any disagreement with the Company or its management” but it was the result of $1.3 Million Dollars in loans in which Mayor Perkins had defaulted and neither Perkins nor the Board of Directors at NewBridge Bank was reporting the $1.3 Million Dollar loss to stockholders, not then, not later and not ever.
Lies by omission are still lies.
Especially when it comes to the banking and securities business.”
https://hartzman.blogspot.com/2013/10/billy-jones-robbie-perkins-securities.html?spref=tw
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Sunday, April 7, 2013; Triad Watch; Question for the Bankrupt Mayor of Greensboro N.C. Robbie Perkins
“...FROM N&R AND COURT DOCS:
The judge’s order said Perkins “deliberately” lowered his income by resigning from the NewBridge Bank directors board.
Robbie Perkins responded, saying he had to resign because he could not pay the home equity line owed to the bank for the couple’s house.
DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; APPOINTMENT OF PRINCIPAL OFFICERS.
(b) On October 16, 2012, Robert V. Perkins gave notice of his resignation from the Boards of Directors of NewBridge Bancorp (the “Company”) and NewBridge Bank (the “Bank”).
Mr. Perkins indicated that his decision to resign is due to increased family and business responsibilities, including his position as Mayor of the City of Greensboro, all of which have caused him to reduce his activities in other areas. Mr. Perkins’ decision to resign was not the result of any disagreement with the Company or its management.”
https://triadwatch.blogspot.com/2013/04/question-for-bankrupt-mayor-of.html
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From Ross Harris’ new gig…
Ross Harris purposefully, intentionally and knowingly misled George Hartzman on Robbie Perkins during 2011’s Greensboro mayoral race.
Ross Harris helped Robbie Perkins play a race card to win Greensboro’s 2011 mayoral election, and then made more taxpayer funded income from the GPAC initiative and then lied about Robbie Perkins’ marital infidelity before the election.
Ross Harris betrayed the trust of Greensboro’s voters while the Greensboro News & Record knew of Perkins’ issues and failed to inform the public before the election.
Elderly religious residents who would have opposed Robbie Perkins gave him money for his campaign while our local press hid a truth that would have mattered to them if they had known.
https://hartzman.blogspot.com/2014/07/from-ross-harris-new-gig-sponsored-by.html
Previously;
