Exclusive: After FBI Raid, Krahl Construction Closes Doors

Full story: NBC Chicago 54
Days after being raided by the FBI , a West Side construction company has closed its doors, NBC 5 has learned. Full Story
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gotharleyfromjoh n

Chicago, IL

#43 Feb 2, 2010
nlw,
Quit wandering indiana!!I was responding to someone's comment about suing the DA here,laughable thought!!
The money is gone.Feds are pursuing charges.Accounts receivables versus accounts payable is the only fight here.Subs will get pennies on the dollar if any.Got to go......the Harley is rev'd up and calling!!!!!
Relieved

Westmont, IL

#44 Feb 2, 2010
gotharleyfromjohn wrote:
nlw,
Quit wandering indiana!!I was responding to someone's comment about suing the DA here,laughable thought!!
The money is gone.Feds are pursuing charges.Accounts receivables versus accounts payable is the only fight here.Subs will get pennies on the dollar if any.Got to go......the Harley is rev'd up and calling!!!!!
That Harley could bring about some bad karma - after all it was purchased with stolen money. I'd be careful if I were you, you may slip in the snow and wreck your precious toy. Maybe then we wouldn't have to see your stupid ass comments anymore.
gotharleyfromjoh n

Chicago, IL

#45 Feb 2, 2010
Relieved,
You are another one that doesn't get my
satirical post!Get a clue what my post are suggesting!! Got to go now,nature is calling!!
sub who knew Johns ways

Naperville, IL

#46 Feb 3, 2010
John was dirty from his days at Reed. He screwed Macneil out of millions and never looked back. We stopped doing business with them years ago and I'm happy for that decision. The one redeeming thought is maybe Paderta gets a long sentence and can teach wood shop in prison and some poor person will learn an honest skill and some good will come from all that have been hurt. Of course he might be better suited working on the prison farm working with the weasels(birds of a feather).
f777982chitown

Chicago, IL

#47 Feb 3, 2010
For those interested, there is a new story in Crain's Chicago about Krahl and the lawsuits brought by their bank and bonding company. If we all want to keep the story alive you should email the Crain's reporter with any info you may have.
plumberlady

Aurora, CO

#48 Feb 4, 2010
I can't believe anyone would think the Denver office is innocent. They were up to no good too. Glad we realized what a crooked bunch they were and quit doing work with them before the sh_t hit the fan. It wasn't easy, considering they had most of the work here in Denver - I wonder how that happened.
f777982chitown

AOL

#49 Feb 4, 2010
any sub who feels they were harmed and would want to explore their options may want to contact the attorney behind the blog "Beer with a Construction lawyer". he has been following the Krahl case, is knowledgable on the subject and is based here in Chicago, where the action is going to take place. He has links to all the articles and and may have the present lawsuit documents. I am sure if who contact him thru his blog, he will get back to you via a private email.
Sub

AOL

#50 Feb 4, 2010
I am a millwork sub in the south IL area. I asked about how Krahl was to work for. I got the answer Don't they'll bleed you dry. I never bid with them after I heard that. Sounds like I was lucky!
gotharleyfromjoh n

Chicago, IL

#51 Feb 6, 2010
"Personally guaranteed by John Paderta".Looks as if some of those prized assets of Paderta may may be going to settle those guarantees.Where do they start?Burr Ridge?Lake Geneva?Denver?
gotharleyfromjoh n

Chicago, IL

#52 Feb 10, 2010
"And to try an ensure that Krahl's President's assets are available to pay future liability under the indemnity agreement, Travelers also asks the judge to enjoin the President from transferring, or encumbering, any of his money or other assets".
Looks like Burr Ridge will have a "for sale" sign up any day now!!
gotharleyfromjoh n

Chicago, IL

#53 Feb 10, 2010
"Grants a lien upon all assets and property, including, realty, personalty owned by Defendant and property in which Defendant has an interest.
Such lien shall secure Travelers against any loss that it may sustain under the Bonds. Such lien shall remain in effect unless and until Travelers shall
receive the funds requested in sub-paragraph c-i above;"

By being so greedy,Mr Paderta actually insulated the other "shareholders"
from liabilty.Sometimes,one proves he is not as smart as he thinks!!
gotharleyfromjoh n

Chicago, IL

#54 Feb 10, 2010
"29. The Defendant and Krahl Construction are obligated to (a) indemnify Travelers to
and from all losses in connection with the Bonds and the costs and expenses incurred by Travelers in enforcing the terms of the Indemnity Agreement and (b) to post collateral to cover
Travelers contingent bond exposure and future expenses.(Exhibit 1). 30. Despite Travelers demand, the Defendant has breached the agreement between the
parties by failing and refusing to indemnify and hold Travelers harmless from the Bond claims and to post collateral in the amount ofTravelers initial estimated Bond exposure.
31. Travelers has been damaged by the Defendantís material breach of the Indemnity Agreement."

Who has deeper pockets,Travelers or Paderta???
Who is f...ed big time???
Knew John way back when

Chicago, IL

#55 Mar 3, 2011
I knew John Paderta way back when he worked for Terri Birch, his wife Pat, and the Sloan family at Reed Construction. Knew then John was a real loser. All of the trades had better call their locals because John learned from good ol' Terri Birch how to "cook the books" and not pay into the locals health and pension funds -- good ol' Terri figured the tradesmen didn't know how to count 1 + 1. He figured they would figure out he burned them when they retired and found out years of benefits were not paid into the locals funds. Too late, brothers. Bro John learned his tricks from Terri and his mistress at Joy at Oce' in Norridge. Message for Pat Birch: Ever wonder why John went with Terri all the time? To cover for Terri's mistress, of course. John was paid good money to cover while Terri went around with her behind your back. They both (Terri and John) laughed about it, Pat, knowing that you were too stupid to find out. Too bad you and your dad (Sloan) trusted Terri and John. I hope the Feds take a good long look at Reed Construction's books, too, where John worked for many years before starting his own company. Terri bilked hundreds out of money, including you, Patricia! Open your eyes!
f777982chitown

Chicago, IL

#56 Sep 19, 2012
Paderta and most others have now pled guilty

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