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Tag Archives: bankruptcy

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Dealer Closing Represents New Opportunities

Dont Let Your Dealer Go Up In Smoke!

Don't Let Your Dealer Go Up In Smoke! Protect Your Assets by Going Back to Basics!

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Dealers Succumb to Madoff’s Schemes

bildeIt seems that no one is safe from the wake of destruction and the money pit that is known as Bernie Madoff. A recent set of documents files in the U.S. Bankruptcy Coupt in New York expose some well known names in the dealer business: Robert Potamkin of Potamkin Automotive in New York and South Florida; Robert Rosenthal, head of Rosenthal Automotive in the Washington area; Miami dealer Norman Braman; Peter Paris, a vice president of Potamkin Cadillac; the employee profit-sharing plan of Bay Chevrolet in Rockville Centre, N.Y.; and funds from the Minneapolis dealership Metro Motor Imports Inc. Bernie has been charged with milking billions of dollars form clients around the country and the world in what’s described as the world’s largest ponzi scheme (also known as pyramid schemes). Read More »