Tag Archives: Western Recovery Services

Prior majority lot owners’ plans failed, leading to more than $32-million debt

From the Sparlin Complaint, page 28-29: i. Figueroa’s representation in October 2003 that Western Recovery Services (WRS) could get by with $6 million in capital depended on two key assumptions: first, that it would focus “exclusively” on a project in … Continue reading

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New Tucson Unit 5 Budget, 31 Dec 2008

It boggles my mind looking at these budgets from after the prior majority lot owners went bankrupt and caused National Bank of Arizona to lose $35-million, the biggest loss in their history. The prior majority owners never paid any dues. … Continue reading

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