What did the Covattos do with all their money?

Posted in the Erie Forum

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1 - 8 of 8 Comments Last updated Mar 31, 2014
Darrell

Erie, PA

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#1
Jan 27, 2013
 

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What happened to all the money Covattos got from running Telatron, the Academic Lending Center and Creditron? They must have made millions, now they're crying poor?!? I knew some workers there and they were owed months, even years worth of commissions from closing deals on student loan consolidations! Why they continued to work at that boiler room when they were not getting paid what they earned is beyond me. I would have said, "Take your bag of wind, and shove it! I'm outta here!" This is very typical of how Erie employers treat their workers!
Back to Covatto, what the heck did he do with all the money?!? did he have to pay tribute to the capos down in Youngstown, Wheeling and Buffalo? Was he flying to Atlantic City or Vegas a couple of times a month to play high stakes blackjack? Was he into cocaine and high priced call girls. Covatto really mucked up a good business model that created value for their clients and are now at the mercy of the bankruptcy court. Oh yeah, their house is getting Sheriff saled March 13, 13. The bank has a claim on their property for nearly 800k for a house that might sell for 300k max. The bankers who lent them that kind of money have to be real idiots, that's a huge loss that will have to be made up by nickle and dimeing all the other customers to death!
Where are they parking all the cash they made?
Uh-Oh

Erie, PA

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#2
Jan 27, 2013
 

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Good questions...Anybody know who played the fake female judge in that fake courtroom?
you guys know

Flushing, MI

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#3
Jan 28, 2013
 

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that Leslie Grey Dropped all charges against Unicredit and Mike Covatto right. EVERY SINGLE charge was dropped in a motion filed by the state who ASKED!!! for dismissal. The Judge threw the whole thing out on Jan 9. After depositions were given it was foud there was ZERO evidence so Grey filed a motion to dismiss so she could run away from all of it.

Funny how the paper, who has know about this has not printed one word on it...Why?

If you dont believe me then look at Judge Agresti's calendar for this week:

http://199.107.21.26/cal/sched tpa.pdf

You will see the hearing is cancelled because the "order that was issued dismissing".

Why is this not in the paper?
you guys know

Flushing, MI

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#4
Jan 28, 2013
 
By the way. Their house was paid off. They took out another mortgage with the equity to keep paying the employees and try to get the business on firm ground again.
boomer

Erie, PA

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#6
Jan 28, 2013
 
no one circles the wagons like the family!
Butkus

Mansfield, OH

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#7
Jan 29, 2013
 
Forget the Covattos, we need more news on Petrunger theft and Garvey pedo play.
Grandson

Erie, PA

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#8
Mar 31, 2014
 

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If you want to call a couple of chairs and a big Tv a courtroom then I guess everybody has a "fake courtroom ". It amuses me on how much you voice your opinion but know very little on the subject . And for there to be a judge there has to be a courtroom ,it almost seems that you received your information from the back of a cereal box.
Grandson

Erie, PA

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#9
Mar 31, 2014
 
Darrel all I can say to sum up how you think is PATHETIC

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