Sunday, May 8, 2016

Bankrupt Money Manager, Harvey Alberg, on a Board That Did NOT know Generally Accepted Accounting Principles

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Bankrupt Money Manager Harvey Alberg's board of directors all claimed "accounting standards and accounting practices which we are not familiar with and which we do not understand."

Alberg is in Bankruptcy Court AND the Division of Public Charities is well aware of where the money manager is!  Chapter 7.

Court Name:U.S. Bankruptcy Court Records for the District of Massachusetts
Case Number:15-14759
Party Name:Harvey A. Alberg and Doria A. Alberg
Filing Type:Bankruptcy, Office: 1 Chapter: 7 Trustee: Cruickshank, Gary W. [Statement of Intent]
Date Published:April 06, 2016
http://www.open-public-records.com/court/massachusetts-14618605.htm

His partner, Ron DeLucia, on the Money Manager's show, did "calls for action," a violation of the public access rules, asking people to call them for advice, but admitting in a document that they didn't know what the hell they were talking about.

Ron DeLucia, who had an entire ugly report written on his conduct by Dr. Wood, and a copy of that is available, claimed to the City Council of Medford that he was "only guilty of sloppy bookkeeping."


If you buy insurance at Ark Insurance of Stoneham, bring this blog to Mr. DeLucia and ask why you should give money to a jackass who lies about a man being "convicted" when that never happened, and why DeLucia said he engages in "sloppy bookkeeping."


TV3 must be brought to justice.
The monies must be recovered
the lies must stop from the dirty mouths of that fraudulent board of directors. 



With decades of broken promises it is pretty hard to convince the people funding the channel that things will be different. Will positive changes continue if the current board survives the scrutiny of a retired judge, the mayor, the city solicitor, the City Council and the auditors at Melanson Heath & Co, PC?

Every aspect of TV3 with the old board in place will be viewed as “the fruit of the poisonous tree,” a product that is the decision of a board that has made terrible decisions on behalf of the access TV station. The only remedy is for an entirely new group of people to administer access TV in this city while removing the old board — and keeping individuals who served on that old board of directors away from the station for a good three to five years.

In light of the unanimous decision by the City Council of Medford on April 30 to demand the audit and Judge [Marie] Jackson’s evaluation and with the release of that audit by the city solicitor on May 7, it is not just one or two voices demanding change.

Every major politician, it seems, is as outraged as the community and the audit further provokes anger from Comcast subscribers paying a fee that we see being abused throughout the public record generated by the respected accountants of Melanson Heath & Company, PC.

It isn’t just the $818,000 that Mark Rumley began looking into, millions of dollars in subscriber paid fees have flowed to this station over the past two and a half decades with little or no accountability to those of us who are footing the bill.

If an elected official doesn’t do the job we hire them to do, the voters have a chance to replace that individual. Why have Comcast subscribers had less of a say in who handles our access channel and who gets to determine — or dictate — how these millions of dollars have been and will be spent?

Melanson Heath & Co. wrote: “We have concluded that we are unable to express an opinion because limitations have been placed on the scope of our audit as outlined in our report and the following paragraph.

“Your accounting records were incomplete during the period under audit and we were not able to apply alternative procedures to determine the completeness of the statements and related disclosures. TV3’s management has not provided us evidence to support the $55,000 receivable on your financial statements. Additionally, TV3’s management has declined to provide us with sufficient representation on your financial statements...”

http://www.wickedlocal.com/article/20090519/News/305199721/?Start=2

Page 2 of 2 - The letter goes on to say that the management, which includes two individuals who claim to be “money managers” and offer advice to Medford viewers, cited “numerous references to accounting standards and accounting practices which we are not familiar with and which we do not understand.”

Frankly, the Comcast subscribers who fund the enterprise don’t quite understand how individuals we never hired — who admit they don’t know how to count — are able to play with millions of dollars and not be held accountable to the people who fund the station.

It’s our money; we’d like to know how every dime is spent. Anything less should result in the police, the attorney general and the district attorney putting a focus on each and every member of the Board of Directors of TV3.
DIRTY RON DELUCIA SAYS THAT HE KEEPS REPEATING LIES SO THAT PEOPLE WILL BELIEVE HIM.

FORTUNATELY FOR CABLE TV SUBSCRIBERS, WE SUBSCRIBE TO A DIFFERENT MOTTO:
WHEN YOU HAVE THE FACTS,
POUND THE FACTS!