This is the question
Still suspect. Why isn't the money in an escrow account specially for the prizes. Isn't all IFBB shows supposed to have the prize money in place prior to granting a sanction. Why does this show have more than one account (except for an additonal account for the prize money). I don't understand why there is more than one account. It is not standard business practice for an even like this for multiple accounts. All that does is make it more confusing and harder to account for receivables and payables. This is not how you do it. Sorry. All the fancy sugar coating does not hide the fact that there was no money in the account to cover the checks at the time they were cashed. Something isn't being told. And were there any fees any of these checks caused the payee. Sorry, but unless their computer system completely crashed the day all these checks just s happen to come through yet other were cashed is suspect. Did the check to the convention center bounce. Guaranteed NO. Did the Hummer check bounce, guaranteed NO. It seems that just the prize money bounced. Odd isn't it.
Keith's lost post. How about some answers.
The only thing suspect here, is the ability to READ from some of you...
May 19, 2006
Colorado Pro Show Inc.
Attention: Edward Rickles
Re: US Bank Checking Account
Dear Mr. Rickles:
Please accept our sincere apologies for the following checks that were returned in error due to a systems problem on May 18th 2006. Please note that all service charges incurred will be reversed.
Check number 1024 for $25,000.00
1027 for $5,000.00
1017 for $250.00
1042 for $275.00
1047 for $400.00
1039 for $1,000.00
1014 for $1,000.00
1035 for $2,000.00
1034 for $3,000.00
1048 for $3,500.00
1040 for $3,500.00
Your relationship is very important to US bank Andee apologize for any inconvenience this may have caused. Please do not hesitate to contact me if you need further assistance.
Sincerely,
Lisa Kaplan
Vice President and Branch Manager
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