INTERNATIONAL OUTSOURCING UPDATE
INTERNATIONAL OUTSOURCING UPDATE
BUSINESS RELATIONS WITH
LANCE A. FURR
While the alleged fraud by Lance A. Furr and ten others, including executives of International Outsourcing, consultants and outside business associates is moving along on the Federal calendar. IOS has been separated from the case in previous legal decisions, but the eleven defendants remained accused.
Lance A. Furr is a continuing defendant, along with the others. On the 16th of August, 2007 his BOND increased on a motion to allow Mr. Furr to travel outside the United States to France on business.
What’s most interesting here is that in his application to enlarge his Bond, it is explained that he and other members of his family are shareholders in International Outsourcing Services, Inc. The Furr family has recently entered into a business transaction with IOS to acquire certain of its European assets (which have nothing to do with the charges in this case.) Defendants have played an integral role in these transactions and are needed to attend the closing of the transaction and thereafter to meet with key management to develop the business plan of the entity. The sole purpose of the trip is business.
BUSINESS RELATIONS WITH
LANCE A. FURR
While the alleged fraud by Lance A. Furr and ten others, including executives of International Outsourcing, consultants and outside business associates is moving along on the Federal calendar. IOS has been separated from the case in previous legal decisions, but the eleven defendants remained accused.
Lance A. Furr is a continuing defendant, along with the others. On the 16th of August, 2007 his BOND increased on a motion to allow Mr. Furr to travel outside the United States to France on business.
What’s most interesting here is that in his application to enlarge his Bond, it is explained that he and other members of his family are shareholders in International Outsourcing Services, Inc. The Furr family has recently entered into a business transaction with IOS to acquire certain of its European assets (which have nothing to do with the charges in this case.) Defendants have played an integral role in these transactions and are needed to attend the closing of the transaction and thereafter to meet with key management to develop the business plan of the entity. The sole purpose of the trip is business.
What about the other shareholders concerns? Why are the accused, even though not convicted being given an opportunity to negotiate on behalf of IOS? Should this be monitored by the courts or a shareholder committee?
What do you think?
The SAGA continues!!
Labels: IOS UPDATE, Lance A.Furr, Shareholders Ownership
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home