UPDATED 07/25/05 (THIS IS LUDICROUS KODAK !)
Steve Orr and Ben Rand
Staff writers
(July 25, 2005) — Eastman Kodak Co. filed a civil lawsuit
today against two former Kodak executives,
the former Greece town assessor and nearly two dozen other
parties that the company claims defrauded it out of at least $14 million.
The firm, which filed suit in U.S. District Court in Rochester,
said it was defrauded in a scheme to manipulate property values
and appraisal contracts dating back to 1992.
Three people - former Kodak executive Mark S. Camarata,
former Greece assessor Charles A. Schwab, and commercial
appraiser John E. Nicolo - have been criminally charged
in the case thus far.
Kodak alleges in its civil suit that another former executive,
David Finnman, also took part in the scheme. Finnman has
not been criminally charged.
In its 127-page complaint, Kodak asserts that some of its
purported $14 million loss was due to paying inflated rates
for appraisals by Nicolo and others. The company also claims
that Schwab kept the assessed value of Kodak’s property in
Greece at artificially high levels as part of the scheme.
The company says this caused Kodak to pay more taxes than it should have.
Kodak said it lost at least $14 million, and wants at least
three times that amount in monetary damages. The company filed
the civil action under racketeering statutes that allow the
award of triple damages.
GIVE ME AND ALL TAXPAYERS A BREAK !
CAN YOU SAY KODAK IS TRYING TO COVER ITS ASS !
BUT YOU HAVE TO GIVE THE KODAK CORPORATE CREEPS CREDIT - - -
I BET THE RG$E WISHES THEY HAD THOUGHT OF THIS - - -
BECAUSE THEY ARE JUST AS GUILTY AS KODAK !
AND WHAT WILL THE OVERPAID TOWN OF GREECE EXECS COME UP WITH ???
I WANT MY MONEY BACK !!!
Dave Kaspersin
Russell Station, on Beach Avenue in northeast Greece,
is the largest power plant owned by Rochester Gas and Electric Corp.
Its coal-burning boilers are capable of producing 257 megawatts,
enough electricity to satisfy the needs of thousands of homes.
It is, a layman would think, a valuable piece of property.
But RG&E argues that Russell Station is worthless and its
property tax assessment should be set at $0.
The rock-bottom sticker price, which RG&E has asserted
in a series of still-pending lawsuits, is just the latest
of many dollar values assigned to the sprawling plant in
recent years. At one point, Russell Station was assessed at
$85 million. After lobbying by RG&E, the value was dropped to $9 million.
So who is the most crooked ?
The RG$E of Kodak ???
And which one owes the citizens of Greece NY the most ???
And why does the RG$E have a spokesmen when they never let him comment ???
Dear Dave:
I've been laughing since I read this article, another crew
is going to meet the same fate after Sepetmber's sentencing.
You have a very detailed and well thought out web page and your
"independent" manner of thinking is certainly a refreshing change
from the hum-drum "censored" main line TV and news coverage.
I have always believed we were being manipulated and the debt
and needless war in Iraq are 2 of my primary concerns.
Best for the future
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Dear Dave:
This fiasco seems like the Internal audit controls were not working
and our friends from PriceWaterhouseCoopers were sleeping at the switch.
Hard to believe that with the magnitude of this occurring no one
"internally" was aware of anything --- "require consultant" --
we've been downsized. Sounds like someone way way up must have known
something. They are all a group of greedy pigs --- how much is P....coopers
annual bill?? Bet's it's a pretty penny. What the hell --send out some
young kids for the audit and the partner sits in the office and
charges $800 per hour?
What bonuses "performance" was Camarata receiving -- think ---
"Hey, Mr. President, I should get a performance bonus this year
for reducing our property taxes another x dollars!! "Oh, good boy, Mark,
I'll give you a bonus since you are a value added employee!!"
Still hot under the collar about what happened to me but
thank my lucky stars that you have such a good website and
I read it every night and enjoy your accurate assessment
regarding these self-indulging swine. I am waiting for the
sentencing and be patient. Give this some thought and keep confidential ---
GWB could be taking some flak on my recent caper.
Another question for you to follow up on is to insist the
local assessing authority open their books and everyone has
availability to see his assessment and those of similar properties --
keeps those clowns on their toes.
I personally can't wait until they are sentenced.
Take care Dave and when this is settled, I will buy you a beer on your birthday.
Artie Andersen
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Board votes to double Kodak's property tax bill
Rochester, NYUSA - GREECE, N.Y. (AP) - A review board has voted
to double the property tax bill for the Eastman Kodak Company
after local officials said the company profited from an alleged
kick-back scheme involving former officials of the town and company.
Under a ruling Friday, Kodak's property in Greece is now valued
at 95-point-2 (m) million dollars, up from 47-point-6 (m) million dollars.
A Kodak spokesman says the company won't speculate whether Kodak will
appeal the ruling by the Greece Board of Assessment Review.
The town's petition was based on a federal criminal investigation
that has resulted in several arrests. The former town assessor,
Charles Schwab, allegedly improperly lowered the assessment of
Kodak Park in 2002 and 2004 in return for bribes from former
Kodak executive Mark Camarata and the appraiser John Nicolo.
All three have been criminally charged, and an F-B-I investigation is continuing.
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It looks like you're going to get your f*****g money back -- sooner than later.
Will these 3 be sentenced and share the same the same room with Bernard Ebbers??
Best Regards,