Showing posts with label Church Street Health Management: Forced into money laundering because of religious reasons. Show all posts
Showing posts with label Church Street Health Management: Forced into money laundering because of religious reasons. Show all posts

Monday, December 10, 2012

Report on Small Smiles Dental Centers to air


today show Tomorrow morning, Tuesday December 11, 2012 the Today Show will air a piece on Small Smiles Dental Centers – scheduled to air between 7:30 – 8:00 AM Eastern Time.

Thursday, May 31, 2012

Closing Day for Church Street Health Management-Small Smiles Dental Centers

No, not closing the doors, but I expect that soon.

Today was supposed to be the closing day for the sale of Church Street Health Management.

Yes, Church Street Health Management, LLC will now become CSHM, LLC with basically the same Private Equity Investors as before, CIT Corporation and others. The Carlyle Group swears they are out of it, I’m not sure. They say the “exited” in the last year. It must have been in the last 6 months!

Sales and Credit Agreement

The investors basically sunk another $25 million dollars into the company in February to keep it afloat while it “reorganized”. Whatever that means. No one else wanted to jump on the sinking ship so …. it became the property of the same folks.  If they aren’t pissed, they should be.

Since then they have ended up the subject of at least two Bloomberg reports. As usual they never come out looking good. But, honestly, how could they? They whole bunch are dirty rotten scoundrels. 

Abusing children and raping taxpayers is NOT exactly the best way to prosperity. These folks are so bad, even Don Meyer, who is notorious for selling snake oil to American’s can spin this one. All he can say is “we are providing care to the underserved”. He says it over and over and over…  If you listened to them, there would be no sex at all, unless you’re raped.

Still doesn’t it make it so. The once “underserved” are the most “overserved” in America when it comes to dental care these days.

I think things may be getting worse for the CSHM, LLC. I know, it’s hard to believe things could get worse-Bankrupt, Congressional Investigations, Corporate Integrity Agreement, and so forth-but they can.

The first few days of the new ownership is probably gonna suck!

According to sources, Met Life and United Concordia/Tricare are canceling their contracts with Small Smiles Dental Centers. 

If true, revenues just went to hell, again. If they couldn’t make it before, they certainly can’t make it now.

PS – If asked to sign some kind of Transition, Separation, Confidential, Severance and General Agreement, in exchange for a week’s pay, I would have an attorney look it over. Personally, unless they removed sections 4, 7, 8, 13 and clarified in writing why it says it’s governed by the state of Tennessee, and why Church Street Health Management is a “Released Party”, I wouldn’t sign it, no way, no how… Just saying…

Saturday, May 12, 2012

FINALLY, someone asking Church Street Health Management to “prove it”, “fork it over”, “show us from where the money comes” and more.

Bankruptcy Watchdog Protests Wind-Down Process Of Small Smiles

Katy Stech May 11, 2012 (c) 2012 Dow Jones & Company, Inc.

A federal court watchdog wants to put a hold on the $25 million sale of the operator of Small Smiles Dental Centers to a private equity firm--a deal that a bankruptcy judge has yet to approve--until the Tennessee-based chain sheds light on its post-closing moves.

U.S. Trustee Samuel Crocker, who monitors bankruptcy court pleadings for the Department of Justice, wants company executives to be clearer about the financial professional who would take over the bankruptcy estate once distressed investor Garrison Investment Group purchases its operations on May 31, according to papers filed in U.S. Bankruptcy Court in Nashville, Tenn.

I heard the the infamous Doug Brown and Kirk Huntsman might be involved before it ends. if so, Doug Brown would be involved in more Private Equity “Medicaid dental mills” and “pull every tooth in your mouth and slap in some cheap denture” operations in the world.

The Order

Upon the motion of The Official Committee of Unsecured Creditors, by and through counsel, it is ORDERED that individuals designated by Fireman’s Fund Insurance Company shall appear for examination pursuant to Fed. R. Bankr. P. 2004 on May 16, 2012 at 9:00 a.m. C.S.T. at the offices of Baker,Donelson, Bearman, Caldwell & Berkowitz, P.C., 211 Commerce Street, Suite 800,Nashville, Tennessee 37201. 

IT IS FURTHER ORDERED that individuals designated by Fireman’s Fund Insurance Company shall produce the documents as specified in Exhibit 1 to the Committee’s counsel at the above address not later than May 15, 2012 at 4:00 p.m. C.S.T.

IT IS FURTHER ORDERED that the attorney for the movant shall serve a copy of this order on the party or counsel for the party required to appear and to the U.S. Trustee.

The attendance of an entity for examination and the production of documentary evidence are compelled in the manner provided in Fed. R. Bankr. Proc. 9016 for the attendance of witnesses at a hearing or trial.
Dated: May 4, 2012

Who wants to bet they do all they can to postpone this one?!!  LOL

Appears just about anyone can motion for a Rule 2004 Examination.

Exhibit A of Exhibit 1 – List of Small Smiles Dentist Names
I’d bet a whole crap load of these 916 dentists are on Santa’s Naughty list. No wonder I was told some of the folks in the below list are spinning in their shoes and support employees are afraid some are going to have a heart attack.

 Church Street Health Management Rule 2004 Examination and Document Request - Names of 916 Dentists Doc 319-2

Friday, April 27, 2012

Creditors Checking the Validity of Actual Property and Liens of Church Street Health Management’s held by its Collateral Agents - SSO FUNDING CORP.; SSH FUNDING CORP.;CIT HEALTHCARE LLC; AMERICAN CAPITAL, LTD.

Church Street Health Management Unsecured Creditors


SSO Funding Corp. is a special purpose entity acting as a conduit for the
provision of financing between Debtors and the entities providing financing to the Debtors and may be served in care of Global Securitization Services, LLC, 68 South Service Road, Suite 120, Melville, New York, 11747.

SSH Funding Corp. is a special purpose entity acting as a conduit for the
provision of financing between Debtors and the entities providing financing to the Debtors and may be served in care of Global Securitization Services, LLC, 68 South Service Road, Suite 120, Melville, New York, 11747

CIT Healthcare LLC, is the Collateral Agent and Administrative Agent for
the Prepetition First Lien Facility Lenders and the Prepetition Second Lien Facility Lenders. CIT Healthcare, LLC, may be served at 11 West 42nd Street, Floor 7, New York, New York, 10036.

American Capital Ltd. is the Collateral Agent under the Subordinated
Murabaha Facility Agreement and maybe served at 505 Fifth Avenue, 26th Floor, New York, New York, 10017.

Complaint by Unsecured Creditors to Determine Validity of Property and Liens-Doc 299

Bids for Small Smiles centers in by May 4, 2012, auction set for May 11, 2012, hearing for court to approve sale (if any) on May 22, 2012–trying to settle malpractice cases in the mean time.

Here is the latest filings in the bankruptcy case.
I think these so called Management Service Agreements these corporations claim they have with fake owners dentists like the Small Smiles clinics should also be used in other places to skirt laws and social practices.

What’s your thoughts?

Maybe they should replace marriage licenses. What about drivers license? I just manage the car, take care of the upkeep, fuel, taxes, etc.

Even in Church Street Health Managements latest filings on Tuesday of this week, they still contend they don’t own them, just manage them. I beg to differ.


Small Smiles Owner Doctors - A. Smith
Small Smiles ownership program – A. Smith
Fraud at Small Smiles? – The employees say yes.

After what you’ve just heard, don’t you everyone who has filed all the legal document, that are subject to perjury needs some serious jail time for each offense.

Thursday, April 19, 2012

Small Smiles Dental - Church Street Health Management Auction Postponed Until May 11-May 22 Hearing to Approve Any Offers.

Small Smiles Dental - Church Street Health Management Auction Postponed Until May 11

Church Street Health Management LLC will auction the business on May 11, rather than April 20. The provider of management services for 67 dental practices in 22 states reported a $2.1 million net loss in March on total revenue of $11.6 million.

Unless outbid, existing first-lien lenders are to buy the business in exchange for $25 million in debt. Other bids are now due May 4, rather than April 16. The hearing to approve the sale will take place May 22.

Isn’t this a nice way of saying it’s being “repo’d”?

The official creditors’ committee was given the right by the bankruptcy judge to require the company to turn over copies of insurance policies. The committee says that the largest unsecured claims are held by patients who say they were given services unnecessarily. Seeing the policies will help, the committee says, in deciding if the insurance company was entitled to deny coverage of the claims.

Church Street said in a monthly operating report filed with bankruptcy court that earnings before interest, taxes, depreciation and amortization in March were $867,000. Depreciation in the month was $986,000 and interest expense was $120,000.

Church Street specializes in providing dental care to children whose medical expenses are covered by government- sponsored programs. Bankruptcy resulted from a $24 million settlement in January 2010 with state and federal authorities that led to negative publicity and lawsuits.

The company’s debt is structured in compliance with Islamic Shariah financing regulations. There is about $131.5 million owing on first-lien obligations, plus a $25.6 million second- lien. There is an additional $152 million on three subordinated debts.

It’s only Shariah compliant because they created several companies between it and the First Islamic Bank a/k/a Arcapita.

Assets are on the books for $895 million, with debt totaling $303 million, a court filing says.

The case is In re Church Street Health Management LLC, 12- 01573, U.S. Bankruptcy Court, Middle District of Tennessee (Nashville).

Selection of Bankruptcy Documents

Tuesday, April 10, 2012

Dental X-Rays causing tumors? Highly likely, but Medicaid Dental mills don’t care, it’s part of their bread and butter or it is?

I’m highly suspicious about articles like the one below or the latest sedation dentistry media blitz. I have to wonder if these are meant to drive home the request the ADA and the AAPD made to Centers for Medicare and Medicaid dated July 12, 2011 where they were crying and whining about the audits being “too aggressive”.  Evidently they made a home run in NY since it was recently announced NY relaxing it’s audit.
Are Dental X-Rays Causing Brain Tumors?


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(NEW YORK) -- “It’s time for your annual X-rays.”  This is what millions of Americans are told when they visit the dentist.  But new research out of Yale finds dental X-rays may be linked to increased rates of brain tumors.

Meningioma is the most common type of brain tumors that originate in the brain and spinal cord, making up one third of these.  People who were diagnosed with meningioma were compared with healthy individuals.  They were asked how often they had the most common type of dental X-ray, called a bitewing, which involves placing an X-ray film between the teeth and shooting the film from outside of your cheek.  In those who reported having this type of X-ray once a year or more the risk for meningioma was 1.4-1.9 times increased depending on their age.

Another type of dental X-ray, called the Panorex, that rotates around your head taking a picture of all of your teeth from outside your mouth was associated with an almost five-fold increase in rates of meningioma when the X-ray was performed before age 10.  For those older than 10 there was a 2.7 to 3 fold increased risk when this X-ray was performed once a year or more.

Current recommendations by the American Dental Association do admit that there is little use for dental X-rays in healthy people without any symptoms, but still recommends X-rays of healthy children be taken every 1-2 years and every 2-3 years for healthy adults.  The authors think these guidelines may need to be reevaluated in the wake of their findings.

Reactions to the study have been mixed. For critics, the design of the study has some serious flaws. The main weakness is the failure of the researchers to obtain any of the patient’s dental records to verify that the number of X-rays they reported having was true, says Dr. Richard Besser, ABC News' chief health and medical editor.

“People with cancer are more likely to remember having dental X-rays,” explains Besser. “They are searching for some cause of their cancer and may incorrectly attribute it to any number of factors.”  Dr. Besser also points out that the study failed to find any connection between having braces and risk for meningioma.  “When you have braces you remember that clearly, and people who have braces on average undergo more x-rays than people without braces,” says Besser.

Dr. Alan G. Lurie, a Ph.D. radiation biologist who specializes in cancer induction and is president of the American Academy of Oral and Maxillofacial Radiology, agrees with Dr. Besser that the study has a serious flaw.

“They’re asking people to remember (in some cases) a couple of radiographs they had 30 years earlier when they were kids. They’re not going to be able to tell you what kind of X-ray machine was used…what kind of film, were there any retakes?" Lurie says.

Other doctors see this as a strong study and think that it raises valid concerns.  “The current study is well-done and confirms that even in the ‘modern era’ radiation exposure from repeated dental X-rays conveys an increased risk of these tumors,” says Dr. David Schiff of the Neuro-Oncology Center at the University of Virginia.

Overall, doctors are not surprised that dental X-rays could cause this type of tumor because the type of radiation that X-rays give off is known to be associated with brain tumors. “Ionizing radiation is the only well-accepted environmental risk factor for development of meningiomas," says Dr. Schiff.

However they warn that this study cannot prove that dental X-rays cause brain tumors.  It can only reveal a possible association between dental X-rays and tumors.

Still, there are some important things people can do to minimize their exposure to dental X-rays.  For example, patients can ask their doctors whether X-rays are completely necessary, or how much radiation will be delivered by the various options available.

“All health professionals should be thinking that for our patients, each exposure must be beneficial and we should be of a mindset to do the fewest exposures possible to obtain needed diagnostic information," explains Paul Casamassimo DDS, professor and chair of pediatric dentistry at the Ohio State University College of Dentistry and chief of dentistry at Nationwide Children's.

Overall, experts hope that as a result of this study the public gains new awareness of a potential risk and will take their concerns to their dentist.  

Dr. Paul Casamassimo is on the Advisory board of one of the nations worst offenders- Small Smiles Dental Centers, owned and operated by the bankrupt Church Street Health Management.  Dr. Casamassimo should heed his own warnings!

He should be asking his colleague, Dr. Steven Adair about the unnecessary x-rays taken at the Small Smiles Dental centers, and the fraud involved in said unnecessary x-rays, especially at the Denver dental centers with Dr. Minh Tia and his office manager! I believe that amounted to some $200k between June 2010 and June 2011! Just saying….


In an article about “Dental Therapist” dated April 10, 2012, it mentions Dr. Paul Casamassimo is the AAPD Pediatric Oral Health Research and Policy Center Director.

American Academy of Pediatric Dentistry Responds to Kellogg Foundation Report on Dental Therapists

Academy of General Dentistry  Responds to Dental X-Ray Warning:
Thursday April 12, 2012

CHICAGO, April 12, 2012 /PRNewswire-USNewswire/ -- On Tuesday, April 10, 2012, in the journal Cancer, the American Cancer Society published an article entitled "Dental X-Rays and Risk of Meningioma," which summarized a study that sought to develop a correlation between dental radiographs and brain cancer.

According to the Academy of General Dentistry (AGD), a professional association of more than 37,000 general dentists dedicated to providing quality dental care and oral health information to the public, the study's findings are not applicable to modern dentistry because the study was based upon an examination of outdated radiographic techniques, which produced considerably more radiation than patients would be exposed to today.

"Modern radiographic techniques and equipment provide the narrowest beam and shortest exposure, thereby limiting the area and time of exposure and reducing any possible risks while providing the highest level of diagnostic benefits," said AGD President Howard Gamble, DMD, FAGD. "Today, patient safety is always maintained with the recommended use of thyroid collars and aprons."

The article from the American Cancer Society, which received attention from many reputable news outlets, could cause the public to decide to limit or even refuse X-rays in an effort to keep their families safe.

"It is regrettable to think that an article based on outdated technology could scare the public and cause them to avoid needed treatment," said Dr. Gamble. "With the radiography techniques in use today, the amount of radiation exposure is reduced and more controlled than it was in years past."

The AGD supports radiographic guidelines provided by the American Dental Association (ADA) and the U.S. Food & Drug Administration, and concurs with the ADA that dentists should order dental radiographs for patients only when necessary for diagnosis and treatment.

The AGD encourages patients to discuss their concerns with their dentists in order to determine what's best for them. The AGD also encourages dentists to communicate with their patients and address any unexpressed concerns of radiographic risks in order to reduce fear and promote a better understanding of the benefits and the risks associated with the specific needs of each patient.

"Neglecting one's oral health has serious oral and systemic risks," said Dr. Gamble. "Radiographs play an important role in improving the oral health of the public, and patients should not be deterred from seeking oral health care due to misperceptions from this study."

The Cancer study contained many inconsistencies and possibilities for error, including the fact that its findings were based upon a population-based case-control study. This means that it relied upon the patients themselves to recall and self-report past events, many of which were from decades earlier.

The AGD supports ongoing scientific research on any correlations between dental radiographs and incidents of disease in an effort to provide the most accurate information to the public and to correct any misperceptions created by the Cancer study.

About the Academy of General Dentistry
The Academy of General Dentistry (AGD) is a professional association of more than 37,000 general dentists dedicated to providing quality dental care and oral health education to the public. AGD members stay up-to-date in their profession through a commitment to continuing education. Founded in 1952, the AGD is the second largest dental association in the United States, and it is the only association that exclusively represents the needs and interests of general dentists. A general dentist is the primary care provider for patients of all ages and is responsible for the diagnosis, treatment, management, and overall coordination of services related to patients' oral health needs. For more information about the AGD, visit

SOURCE Academy of General Dentistry

All I have to say here is that the AGD or any other of the D’s are not to quick to come out against reports that are loaded to the brim with “old” and “outdated” studies if it could possibly generate revenue.

Sunday, April 08, 2012

Catching up on Church Street and Small Smiles bankruptcy this Easter weekend finds whistleblowers still waiting on their good citizen reward.

I decided to read over some more of the thousands of pages filed on the Church Street Health Management/Small Smiles dental bankruptcy filings as we did our family travels this weekend. What caught my eye was a 140 page Affidavit of Service. The list was very interesting, and what,or should I say who, was on this listed was what really made an impression.

First, in my loose estimate there are some 800 to 1000 minor children who have lawsuits pending against this criminal enterprise for abuse, mistreatment or overtreatment and blatant malpractice.

Second, you know those whistleblowers who blew the lid off this particular criminal enterprise back in 2007 The one that finally reached a settlement in January 2010. Well, they are on the “notify” list, meaning they are to be “served” copies of all these documents, or most of them anyway.

Now, that means not only did Church Street Health Management and their host of Small Smiles dental centers fail to pay the fines (they call it a settlement) imposed by several states-some states have been paid more than others-but the whisleblowers have not received their full rewar$ for the hell they went through, filing lawsuits and turning these bastards into the Department of Justice.

There were two or three in the Virginia and DC area as well as Mr. Haney in South Carolina.

I think this issue on Whistleblowing needs some tweaking! One thing for sure, is criminals aren’t good credit risks.

Speaking of credit, Church Street Health Management and their Small Smiles centers sure have a lot of people to whom they owe a shit load of money. For a criminal enterprise to go belly up just over a year after the Feds begin keeping a much closer eye on their operations, by way of that Corporate Integrity Agreement, the CEO Michael Lindley signed, says a lot. A WHOLE LOT!

To me it says, unless we break the law, and commit malpractice on most of the children we profess to care so much about, to rip off Medicaid this business model is not for the profit minded.

I’ve not downloaded and read all the documents of the bankruptcy yet, but, I certainly will. I’ve not found their detailed list of Assets and Liabilities just yet. Last I read said basically they were working on it. I’m just guessing, but I bet this one has to be the one of the most creative “assets” lists the Federal Court system has ever seen.

I’m sure there will be some sort of “pecking” order to settle up these debts, whether there is some fool ass Wall Street firm or Private Equity scumbags to snatch up this hot mess company, which I doubt, by the way.

But the children they have abused and the ones still waiting out there to be compensated for their pain and suffering should be number one, the taxpayers number two and the whistleblowers number three and it would be a tie between, Al Smith, Michael Lindley or Steve Adair down there in Hilton Head last, and should be barred from any claim whatsoever! 

Some other notables on the list are:

Lisa DeRose;
Ameris – Lindley’s other business and the one that owns the plane and the condo in Florida; and,
Jake and Jenna Kochenberger

Thursday, March 22, 2012

Small Smiles still soliciting dentists to come to work–it’s wonderful they say!! ROTFLMAO

I just get so tickled with I get stuff like this.


Here we have a flier that Missy Green sent out of the Small Smiles Colorado office, just this week, trying to solicited dentists to come to work for them! 

My first question is what about the Kochenbergers?  Jake and Jenna, did they give it up being - slave hunters for Church Street Health Management? 

Well, clearly Missy Green is stilling trying to recruit. Wonder how she tells sells to dentists how wonderful it will be working for the company saving the underserved children across America with the company in bankruptcy, even their $435 million dollar investment bank – Arcaptia-in ruins. That’s an audio I’d love to hear!

Right now we have people in some clinics who have not been paid their February pay checks. Some are working for pennies, if anything at all, since there are fewer victims to over-treat. Remember, if you’ve been there more than 6 months you are off the guaranteed salary payroll and strictly on the Collection Based Salary – commissions basically.

Heck, there is no telling how many employees who have stuck it out that will be on the “unsecured creditors” list soon. Remember, anything they owe after the filed for bankruptcy on February 20th could surely end up on that very list. 

I know, some are already on there, but they could be “another day older and deeper in debit” and owing their soul to the “company store”.. Why is that dang song in my head… lol

As one person pointed out, they can’t close the 3 patient a day clinics since those are “assets” they need to sell…  Oh, wait, they don’t own those clinics, right?  ROTFLMAO! 

Gosh, dangit!  I just can’t keep that straight in my head. Own, don’t own, owner dentists, lead dentists, associate dentists…  Never have gotten the exact definition of an “owner” dentist, well, not officially, but I have heard it explained on audio.

I guess the owners of those clinics should just sell the equipment and move on.  The owners don’t even have to worry about breaking the lease do they, since Church Street Health Management has their name on those leases.  ROTFLMAO!

Monday, March 19, 2012

Church Street Health Management–Small Smiles Dental, now Arcaptia Bank files for Chapter 11 Bankruptcy…Ahhh….Maaaan,

I’m broken hearted, probably won’t sleep for weeks worrying about how many virgins await these assholes in bankruptcy court hell. Evidently physically and emotionally abusing and traumatizing children isn’t as profitable as Arcapita was told, I don’t reckon. First Islamic Bank, Arcapita, it doesn’t really matter what they name the company, crime just doesn’t pay. ACAS, next? According to the “chatter” in the court room last Thursday in Nashville, ACAS holds “Senior” debt of this boondoggle. (oops, I used that word, “chatter” again.  They don’t like that word…  lol..dangit, if they would quit chatting, there wouldn’t be so much “chatter” now would there!!  Just saying…  Sheila, think about it… think of all the times you’ve been out and about talking this crap…you just never know who is listening!)

imageMan, this filing should be interesting!! Sharia Law; Virgins; Allah; Jihad – no telling what all will be listed.  LOL

The Smile Behind Small Smiles
Atif A. Abdulmalik

Arcapita’s Chapter 11 Petition

Arcapita Files for Bankruptcy Protection as Debt Talks Fail

By Arif Sharif and Tiffany Kary - Mar 19, 2012 10:48 AM CT Mon Mar 19 15:48:28 GMT 2012

image                                           Arcapita Bank BSC, the owner of Irish power utility Viridian Group Ltd., filed for bankruptcy in the U.S. after failing to reach an agreement with creditors on a $1.1 billion loan due this month.

Arcapita, formerly known as First Islamic Investment Bank, and five affiliates sought Chapter 11 protection today in U.S. Bankruptcy Court in Manhattan, listing more than $1 billion in both debts and assets. Arcapita’s board approved the process “to protect their business and assets and implement a comprehensive restructuring,” the Manama, Bahrain-based private-equity firm said in an e-mailed statement today.

The bankruptcy filing is a “logical step by the company to protect its foreign investments and from individual creditors going after the company’s assets in Europe, the U.S. and Asia,” Serge Lioutyi, a London-based distressed debt trader at Citigroup Global Markets Ltd. said in an e-mail today. It “will help the company focus on reaching a consensual agreement with creditors rather than worrying about individual claims.”

Arcapita is among companies in Bahrain that have sought protection to restructure liabilities after the global credit crisis cut their access to the debt market and as asset prices declined. Awal Bank BSC, a Bahrain-based wholesale bank, filed for Chapter 11 in October 2010, while Gulf Finance House BSC reached an agreement with a group of banks led by WestLB AG on a new two-year $100 million Islamic loan.

Failed Refinancing

The costs to insure Bahrain’s debt against default fell two basis imagepoints to 365 today, according to credit default swap data from CMA, which is owned by CME Group Inc. and compiles prices quoted by dealers in the privately negotiated market.


Thursday, March 15, 2012

So many minds, so little clue–A CSHM Bankruptcy Hearing

Today I made the trek to attend one of the hearings for Church Street Health Management. A court room full attorney’s in dark suits, white shirts and ties but I bet if you asked what assets they were there to talk about “selling”  3/4 of them couldn’t answer and the other 1/4 would be perjuring themselves if they answered.

Actually one of the suits wasn’t sure who he was there to represent, I kid you not, but most of us that know the set up totally understand why he would be confused. He knew he was there for the “Mezz group”. He just didn’t know what that entailed or what all fell under that umbrella. I understood completely. After a short discussion with two other attorney’s standing in the isle, he figured out by process of elimination he was there for the Carlyle Mezzadine Partners, and possibly CIT, but not sure on that one.  Even funnier was listening to them trying to decide if their debt was “secured” or “non-secured” debt. Personally I don’t thing a lick of it is secured! One was trying to include the “leases” but don’t those “leases” belong to the dentist who own the clinics?  Oh, wait, that’s the lie!  Sorry, I got confused myself.

Most of the day was spent with them, and by “them” I mean the two gaggles of attorneys hammering out details on “how” the sale would be handled, but not the actual sale. It seemed they thought they had it all lined out, but then there seemed to be an issue as to Arcaptia being included in the definition of “existing lender”. Personally I would put Arcaptia in the definition of “existing loser” or “existing creditor” since they have a $1Billion dollar payment due in a week or two.

There was a whole lot of huffing, puffing, heads shaking and blown out cheeks.  One, who I called “curly” was nervous as a whore in church.. Pardon the pun! I understand, he was there representing Arcapita and from King and Spalding, which explains his nervousness.

Finally, they came to some agreement and brought it back to the judge. The attorney representing CSHM said they didn’t want to present “evidence” at that time, but would file it in a memoranda later today. I suspect they didn’t want me to hear the “evidence” but I could be wrong. Not that is mattered, I do have access to the documents, so he probably should have given it verbally. Everyone had a copy of it, and they judge had looked it over as well.

The Judge told him to have the memoranda to him by morning, but that he planned on signing the proposed order and stressed to all the suits that if they had any objections they better speak up right now…you could have heard a pin drop. Actually you could hear my pen writing. I took a lot of notes!

However, all this was totally boring compared to listening to Sheila Sawyer!

It was announced last year, the partner ,at Waller law was such a a big fan of CSHM she was giving up her “partner” status at Waller and joining the criminal organization of CSHM, well they didn’t say criminal organization, that’s my term.

Well, they were spot on! She is a corporate person to the core. I expected her to whip off her brown suit and reveal a cheerleading getup, pompoms and all and a rah rah and a couple of cartwheels down the isle of the courtroom.

Get this! – Here all these people, many flown in from across the country to this hearing talking about how the sale of CSHM will proceed and what is she doing? She’s talking production!  I’m not kidding..CSHM’s favorite and only term “production”! 

She has some “sharp dressed man”’s ear and talking production and how to hire 5 or 6 more pedos, have them scheduled at the OR’s two days a week and the other three days of the week they could travel around mentoring and teaching the general dentists. Hmmm…  Ok, so they schedule them for the OR, two days a week. That means they are going to need patients to fills those two days of OR.…  a little bass ackwards to me. She said that would kill two birds with one stone.  Yep, she’s probably right on the kill rate!! She talked about a big week long brain storming session in the next week or two with Adair and I believe she said Kevin and Sue Seal, and revamping the standard of care.  I heard her mention OIG being “frustrated” with she threw up her hands like she really didn’t care.

And twice, not once but TWICE, she said they weren’t doing enough crowns!  I heard her mention Gloria, Terri and Susan… not sure what that was about.

But anyway, right here in the court room, full of attorneys’ representing companies they have screwed over because they got caught illegally practicing dentistry, and she’s talking PRODUCTION! 

I still can’t figure out why her and half the others aren’t in some federal prison!  Well, it’s not over yet, is it!?

Wednesday, February 22, 2012

Church Street Health Management: Forced into money laundering because of religious reasons? WTH!

On page 4 of Affidavit of Martin McGahan he starts in about the Sharia Law practices of the Bahrainian billionaire banker and it basically says, we had to set up dummy corporations to operate these dental clinics and dummy corporations to run the money through because of religious beliefs!  OMG!

It’s also interesting I might add, that the very law firm who advised that this scam was completely legit is representing them in the bankruptcy.  Wonder whose interest has their top priority.  Just saying… 

Waller – Lansden

This basically comes down to:

A bunch of us shady people got together, found a couple of bankers, the Caryle Group and a Bahrainian billionaire, gave the DeRose family $435 million to get out of the sandbox and let them in for a while.  They tortured hundreds of thousands of children, raided our Medicaid system, and ran up huge bills at various supply companies and law firms. They got caught,and fined and monitored. That cut down on the “take” from Medicaid. Seeing declining profits they scrapped out as much cash as possible thru compensation and leaving creditors hanging, the taxpayer raped and are telling a court in Tennessee that it was their religious beliefs that cause this to happen. PLUS, they want to buy their own company back through more dummy corporations, but not pay their creditors, continue raping the taxpayer and torturing children saying it’s in the best interest of the the children to let them continue raiding the Medicaid coffers. 

I about flipped out when Martin tried to say the business plan was good!  He more or less blamed it on owning the $24 million in settlement with the US Government.  Not sure how he figured that since they’ve only paid back $9M in the last two plus years!!!


Comment: MDavis

Again, I'm back to what's really demonstrated in the McGahan Affidavit.

Seemingly, there's a united front of the true owners of CSHM, The Carlyle Group, Arcapita Bank, & American Capital, masking themselves as First Lien Creditors. This powerful Troika shouldn't hold together, because of very diverse interests.

Firstly, Arcapita Bank's Annual Report goes on for page after page, about their corporate ethics & compliance w/ strict Shari'ah Code. Well, since they can't lend money as a creditor & collect interest, they are an OWNER. They bought equity in CSHM. They will be a prime target of Creditors. But, who got Arcapita Bank into this scheme?

Examining the types of businesses Arcapita Bank invests in, those involved w/ swindles of government money aren't too much there. Ahhh... but let's look at The Carlyle Group. Yes, the very same Carlyle Group w/ heroic founder David Rubenstein, who gives so generously. Yes, the same Carlyle Group which "assisted" the government of Abu Dhabi buy into their investments w/ Mubadala Development Company, which one might assume to be Compliant w/ Shari'ah Code. LOL!

The Carlyle Group seeingly loves government money. Yes, Medicaid money from CSHM (d/b/a Small Smiles). Medicare money from HCR Manor Care and Heartland Nursing Homes. And even, state pension money from the NY State Common Retirement System. Unfortunately, these issues all surround alleged fraud & abuse of government Taxpayer money. They also surround multiple civil malpractice actions. Well, at least persons w/in The Carlyle Group are well-connected in Washington circles, to run political & legal cover. This fact alone must have appealed to American Capital & Arcapita Bank.

So, in the most recent Annual Report of American Capital, they reported an elevated equity share in CSHM. Who motivated American Capital to assume this additional risk, w/ a company (CSHM), which had Compliance problems w/ the USIG's Office, and a laundry list of legal problems. Gee, do I again smell The Carlyle Group?

Investors in CSHM got hoodwinked, by other Investors. So no, I doubt this Troika will hold. Besides, certain Parties like Todd Cruse and Dan DeRose have a history of talking to the Feds, as evidenced in the John Ford (Mister 15%- because of his skim of government projects in TN) Federal Case.

So, who is gonna talk to the Feds first, and talk about what, in exchange for what?
Michael W Davis, DDS