The story of how an old Marine was robbed by his banker at the point of a pen. Learn how your banker can take your life and your business. That is what happened to Chuck & July Kimball when they invested their life's savings and work into a new hotel and restaurant on the shores of the Potomac River. If you are in business now or planning to start a small business, this book can be a guide for you on how to shield your family, your life and your credit from financial disaster. It's all about your money and how your banker can take your life and business. Chuck never missed a single payment but because he had a commercial loan, which includes a clause which allows the loan to be called for virtually any reason, his banker had a gun pointed at his head. Chuck Kimball asserts that he never missed a payment, not once. This book details how in six months time he went from the hoopla with his grand opening on a six million dollar hotel and restaurant to being ordered to sign a phantom lease and then within three months having his property taken at foreclosure. Kimball appealed to federal regulators at every level but the bank and its owners and directors were and are politically influential. No one has stepped up to help Kimball. A longtime business associate stepped in just before the project was completed and was induced by the banker with assurances that the deal was sound. The friend of Kimball loaned him two million dollars to cover the final costs. When the bank pulled the plug on the loan the bank CEO never called Kimball's friend to let him know he was foreclosing. This was in spite of the friend, a surgeon on Washington, having put a million dollars on deposit. The doctor told the banker the money was to be used for making payments if needed. Why did the banker use a fraudulent lease to force Kimball to sign over the property and then foreclose? Kimball said the banker did so to gain control for his associate to run the place. She and the banker broke into the restaurant, says Kimball, changed the locks, emptied his safe and set up shop, knowing that Kimball at that point was worried about how to safeguard his home from being swallowed up as well. Now read the rest of the story.

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• Biographies & MemoirsTrue CrimeWhite Collar Crime
• Business & MoneyIndustriesBanks & Banking
• Biographies & Memoirs

• Publication Date: February 24, 2013
• Text-to-Speech: Enabled
• Lending: Disabled
• Print Length: 90 Pages
• File Size: 1,439 KB