Equitatus has posted the first series of receipts being billed to the RE Loans portfolio. You can visit the documents here: http://equitatus.wordpress.com/2012/03/06/burn-rate-super-texas-size/
There are hundreds of pages, so it may take awhile to absorb, but since it’s all being billed to us investors, and nobody else seems to be questioning the obscene spending habits of James Wiessenborn and his merry band of contractors, feel free to use this thread to post and discuss any charges which you find questionable.
For example, I found that Rick Dishnica took Kelly Ng to lunch on 11/30/2011 and sent us the tab.
11/30/2011 Dishnica, Rick 1.5 hours at $410 per hour = $615
Comment: Lunch with Kelly Ng to update on business activities for loan servicer.
11/30/2011 Dishnica, Rick Lunch- R. Dishnica, Kelly Ng $64
Billing us a total of $679.
Did James Weissenborn, Judge Barbara J. Houser or anybody on our Creditor’s Committee think this might be poor judgement to be billing us for Kelly Ng’s lunch??
Let’s not forget that Kelly Ng and Rick Dishnica go back many years, while working with the $25,000 a year (range) private Bentley school that Kelly sent his kids to, and Kelly coached their volleyball team.
Rick Dishnica is reportedly who referred James Weissenborn/Mackinac Partners to the Ng’s.
Ng’s hire Mackinac Partners, paying James Weissenborn $560 an hour. Weissenborn hires Rick Dishnica at $410 an hour. Now Dishnica bills us $679 to have lunch with his old pal Kelly Ng.
Many more gems like this will probably turn up when we start scrutinizing these bills.