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Wednesday, August 12, 2009

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Don Bell is a snake. Last year I completed work on one of his hotel projects in Texas. The Bell Group , apparently run by his sons , stopped answering the phone and did not respond to the repeated requests for a $22k pay application. The project went dormant about the same time ,Oct.of '08.
The layers of LLC's made it difficult to get to the owner , who turned out to be the Bank of Don Bell. Several months later the project rampted up to complete a sale, but with a new General Contractor. Turns out the new GC was run by the same guy as the old GC who had supposedly gone out of business just before paying me and several others alot of money.
The practice of shuting down a project and starting up under new names seemed to be too easy for these guys, and no one from these entities has taken resposibility.
My lawyer got about half out of them so they could sell the now finished project, but I really could use the money they still owe me. They have obviously done this before.

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Posted by Nick Page on November 20, 2009 at 12:34 PM

Enjoyed reading this summary on Don Bell's bank. I'd forgotten about that great story you'd published on Bell and Herbster in 2005. Thanks for staying on it. Funny that it took a New York reporter to really bust open the history on Security Savings bank, the OTS, and it's Republican ties.
Where was the KC Star in getting to the heart of this story - maybe they were on Bell's payroll also.

Peter

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Posted by Peter on August 12, 2009 at 8:10 AM
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