Orlando's Frank L. Amodeo: Secret lif...

Orlando's Frank L. Amodeo: Secret life of a tycoon wannabe

There are 187 comments on the Orlando Sentinel story from Jun 10, 2008, titled Orlando's Frank L. Amodeo: Secret life of a tycoon wannabe. In it, Orlando Sentinel reports that:

Orlando venture capitalist Frank L. Amodeo was planning to take over the world. But on Tuesday afternoon, he lost control of his own world and soon will be heading to a psychiatric center.

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Just FYI

Orlando, FL

#180 Jul 2, 2008
BuckStripes wrote:
<quoted text>
...Dunno how accurate your first 3 premises are...But, allegedly following the advice of hirelings, doesn't sound like a solid legal defense--if a defendant stands (personally)accused of violating criminal law...
...Just a general observation--not necessarily specific to Frank Amodeo and whatever is going on in this long-running Mirabilis show...
Reliance on professional advise is a defense.

“Semper Fi...”

Since: Dec 07

Glenwood, FL -the last of many

#184 Jul 3, 2008
Just FYI wrote:
<quoted text>Reliance on professional advise is a defense.
...It didn't seem to work for Kenneth Lay, Bernie Ebbers, and all the other corporate crooks who claimed that they relied on the (ongoing) advise of their underlings,accountants, financial officers, lawyers, et al.
...Usually, what judges and juries hear is: Da Debil made me do it...
...But, in the end, TopDog is TopDog, no matter how many ways the guilt is split. The buck stops there...
Insight

United States

#185 Jul 3, 2008
BuckStripes wrote:
<quoted text>
...It didn't seem to work for Kenneth Lay, Bernie Ebbers, and all the other corporate crooks who claimed that they relied on the (ongoing) advise of their underlings,accountants, financial officers, lawyers, et al.
...Usually, what judges and juries hear is: Da Debil made me do it...
...But, in the end, TopDog is TopDog, no matter how many ways the guilt is split. The buck stops there...
Remember at Mirabilis Amodeo was the consultant;Holtz was chairman and Hailstones CEO. In other words the corporate governance experts were also the officers making the decisions. In Enron Lay signed the documents,at Mirabilis Amodeo did not sign nor did he have authority to sign. Hailstones had authority and did actually sign. Somehow Hailstones is trying to blame it on Amodeo because Amodeo told him to do it.

All fair observers are waiting for an explanation as to why Hailstones listened to Amodeo>
Insight

United States

#186 Jul 3, 2008
BuckStripes wrote:
<quoted text>
...It didn't seem to work for Kenneth Lay, Bernie Ebbers, and all the other corporate crooks who claimed that they relied on the (ongoing) advise of their underlings,accountants, financial officers, lawyers, et al.
...Usually, what judges and juries hear is: Da Debil made me do it...
...But, in the end, TopDog is TopDog, no matter how many ways the guilt is split. The buck stops there...
It did work in Snipes' case though.

“Semper Fi...”

Since: Dec 07

Glenwood, FL -the last of many

#187 Jul 4, 2008
Insight wrote:
<quoted text>It did work in Snipes' case though.
...Well, not quite. Dunno what the jurors bought about his so-called tax advisors--but they didn't buy the prosecution's main case. A weakness there vs TopDog defense attorneys played a role...
...Still, Wesley ain't off the hook, unless-or-until his conviction on the lesser charge is overturned on appeal...The judge seems doubtful...

“Semper Fi...”

Since: Dec 07

Glenwood, FL -the last of many

#188 Jul 4, 2008
Insight wrote:
<quoted text>Remember at Mirabilis Amodeo was the consultant;Holtz was chairman and Hailstones CEO. In other words the corporate governance experts were also the officers making the decisions. In Enron Lay signed the documents,at Mirabilis Amodeo did not sign nor did he have authority to sign. Hailstones had authority and did actually sign. Somehow Hailstones is trying to blame it on Amodeo because Amodeo told him to do it.
All fair observers are waiting for an explanation as to why Hailstones listened to Amodeo>
...Because Amodeo was The Boss--or, so goes the opposite view...
...Apparently, in all of this convoluted matter, the TOA command structure has flip-flopped. At the outset of public scrutiny, a year and a half ago, Amodeo portrayed himself as sitting at the top of authority...
...As time and tides have gone by, other folks are depicting Amodeo as a powerless figurehead--even a manipulated dupe...
...About the only thing which seems clear now is: The alleged investigation is way overdue to dump or get off the pot...
Insight

United States

#189 Jul 6, 2008
T
BuckStripes wrote:
<quoted text>
...Because Amodeo was The Boss--or, so goes the opposite view...
...Apparently, in all of this convoluted matter, the TOA command structure has flip-flopped. At the outset of public scrutiny, a year and a half ago, Amodeo portrayed himself as sitting at the top of authority...
...As time and tides have gone by, other folks are depicting Amodeo as a powerless figurehead--even a manipulated dupe...
...About the only thing which seems clear now is: The alleged investigation is way overdue to dump or get off the pot...
The problem with the opposite view is Amodeo was never in the authority pyramid inverted or otherwise. No transaction was possible unless authorized AND executed by someone else. It would seem the government's problem is they want Amodeo alone,but cannot accomplish this without revealing the true agenda.

“Semper Fi...”

Since: Dec 07

Glenwood, FL -the last of many

#190 Jul 7, 2008
...The other problem is: Proof, or lack thereof, about who stood where on the ladder/pyramid of authority...
...If, as you claim, Frank Amodeo was totally absent from that structure, he and his lawyers would have been gone from this (alleged) case loooong ago...They ain't bumpkin dummies, after all...:-)

“Semper Fi...”

Since: Dec 07

Glenwood, FL -the last of many

#192 Jul 8, 2008
...Specifically: Which attorneys have been threatened with prosecution--for what and by whom?
Samuel Manusch

UK

#193 Jul 9, 2008
AGREED wrote:
<quoted text>The government has chosen to ignore this evidence. Interestingly leaving solely in Amodeo's possesion until embarassed in bankruptcy. Also the attorneys who have presented this evidence have been threatened with prosecution.
This case seems to have serious fairness and civil rights issues.
Samuel Manusch

Denmark

#196 Jul 9, 2008
All these individuals must be claiming they were unaware that the 150 million plus dollars from Presidion were not derived from unpaid taxes. Otherwise each would have had a duty to stop the flow of funds,several would have had a duty to warn Amodeo of possible illegal activities since they were his attorneys and all had a duty to the companies and their respective professions to not participate in suspect conduct.

Since none resigned for at least a two year period and none failed to take any money-actually most demanded tens or hundreds of thousands after they left Mirabilis-they all must have been unaware of the source of the money.

“Semper Fi...”

Since: Dec 07

Glenwood, FL -the last of many

#197 Jul 9, 2008
...They don't have to explain anything to anyone--unless and until someone with legal authority compels them to do so in official court proceedings...
...No, that's not defending them, it's just a fact of RealLife...But the legal process has been grinding exceedingly slow (if at all)--and that raises even more questions, about the alleged investigators themselves...
...The entire mess has become awash in fakery...

Since: Jul 08

Montréal, Canada

#199 Jul 16, 2008
BuckStripes wrote:
...Specifically: Which attorneys have been threatened with prosecution--for what and by whom?
Several the names Barks,Bernet and Lauro are appearing most frequently.

Since: Jul 08

Herndon, VA

#200 Jul 16, 2008
Curry and Frank Hailstones caused Mirabilis Ventures to adopt Sarbanes-Oxley even though Mirabilis was not a public company. It would seem they are either not to good at corporate governance or they complete ly ignored their own mandate.

Since: Jul 08

Denmark

#201 Jul 16, 2008
Curry and Hailstones have interposed the defense that they did not know what was going on; even though each was among the five highest ranking officers-this sounds a lot like Tycho.

It would seem they want us to believe Amodeo tricked them into taking the tax monies and giving it to him-OOPS NOT:HE TRICKED THEM INTO KEEPING IT FOR THEMSELVES! Not very clever of Amodeo.

Something is wrong with the picture as presented,reliable information reveals Amodeo,s money all came from arms-length transactions with the publicly traded company. Amodeo did not get paid during the time period when the 172 million in taxes were unpaid.

Looks like his prior conviction and Italian last name make him low hanging fruit and a fall guy.

Since: Jul 08

Denmark

#202 Jul 16, 2008
Grand jury investigates thread is active again,somebody should consolidate these Mirabilis blogs-this story is just about to heat up.

Since: Jul 08

Herndon, VA

#203 Jul 16, 2008
IRS is apparently finally discovering Hughes was pulling the Presidion strings.Hope the bankruptcy does not take so long to follow the money.Over 100 million into his various pockets. Add Curry/Hailstones and Beyer/Moyrera/Collins and you found the taxes.
1staffingexpert

United States

#204 Aug 21, 2008
Frank Amodeo is not the only scam in Orlando. Try going after the staffing agencies' employees and you will discover how they can cheat the IRS and INS as well. Staffing agencies will hire illegals where they just pay them in CASH, don't have to worry the worker's comp insurance and taxes. Go after the most labor intensive industries in Orlando and you will agree with me.
Samuel Manusch

Houston, TX

#205 Sep 6, 2008
1staffingexpert wrote:
Frank Amodeo is not the only scam in Orlando. Try going after the staffing agencies' employees and you will discover how they can cheat the IRS and INS as well. Staffing agencies will hire illegals where they just pay them in CASH, don't have to worry the worker's comp insurance and taxes. Go after the most labor intensive industries in Orlando and you will agree with me.
Not just in Orlando but everywhere.
Curious

New Baltimore, MI

#206 Jan 26, 2009
Did Amodeo only get 9 months? How?

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