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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (327063)2/23/2007 8:37:52 PM
From: TigerPaw  Read Replies (1) | Respond to of 1575761
 
It wasn't a dump of responsibility by the chemical company.

It was a sell-off of responsibility by the chemical company.

Those drums of poison didn't belong there in the first place. They should have been detoxified. You can't be absolved just by declaring to all that you don't feel like doing what you should.

TP



To: TimF who wrote (327063)2/24/2007 2:15:50 PM
From: tejek  Read Replies (1) | Respond to of 1575761
 
And the rich get richer at the expense of the lower classes.........these lavish sweet sixteen bashes, some costing as much as a half million dollars, have become de rigueur among the very wealthy.

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Teen gets fairy-tail bash on MTV while dad owes Arizonans millions

Ken Alltucker and Robert Anglen
The Arizona Republic
Feb. 14, 2007 08:01 PM

A private helicopter ride followed by a carriage escort. A shopping spree at an upscale department store. A new BMW to cap off a lavish sweet-16th birthday bash.

As MTV viewers this week watched a pricey "fairy tale come to life" birthday celebration for a Kentucky girl, investors in Arizona and elsewhere fumed. The reason: Gary Milby, an oil company owner who paid for his daughter's gala, is accused of duping them out of tens of thousands of dollars in oil deals.

So as Milby escorted daughter Ariel on a shopping spree, dropping $1,235 for jewelry and $383 for a Coach purse, investors here wondered how long before Milby would make good on the $1.3million he owes to investors, state securities regulators and Maricopa County Superior Court.

It was an amazing show of conspicuous consumption by anybody's standards, best summed up by daughter Ariel Milby on the MTV show My Super Sweet 16.

"My dad owns his own oil company. He has oil wells all over the world. I love oil. Oil means shoes and cars and purses," Ariel said on the show, which aired Monday.

"So it sets me apart from everybody else in this town. . . . It smells like money, Daddy!"

Neither Gary Milby nor his ex-wife, Kathy Underwood, returned calls Wednesday.

In January, the Arizona Corporation Commission ordered Milby and his companies to pay $300,000 in restitution and penalties for fraudulently promoting oil and gas investments in Kentucky. The state's action came after Maricopa County Superior Court in September ordered Milby and his companies to pay a $1million fine for ignoring a Corporation Commission order that they cease and desist soliciting new investors.

Milby and representatives of his companies have solicited dozens of investors nationwide through ads placed in newspapers, XM satellite radio and a Web site. The ads promised investors thousands of dollars each month for 30 years in exchange for a one-time investment.

The Arizona actions were based on a Corporation Commission securities investigation that alleged Milby and his companies duped investors through various misrepresentations, including:

• Falsely claiming that Mid America Energy's oil drilling was a registered investment with the Securities and Exchange Commission.

• Failing to disclose that Pennsylvania issued a cease-and-desist order against Mid America Energy and its president, Milby.

• Not informing investors that Milby filed for Chapter 7 bankruptcy in 2003.

• Misrepresenting that Mid America Oil and Gas LLC, another Milby company, was in good standing with Texas oil and gas regulators.

In addition to the bankruptcy, public records in two states show that Milby has multiple tax liens and a civil court judgment. Searches of records show three federal tax liens totaling $359,091 in Tennessee and Kentucky.

Federal tax liens are typically filed by the Internal Revenue Service for failing to pay income tax and prevent property owners from selling or transferring title until their debts are paid. The liens were filed in 1995, 1998 and 2006.

A fourth tax lien for $28,380 was released in 1999.

Besides Arizona and Pennsylvania, California also has a cease-and-desist order against Milby. Texas last year hit him with penalties for failing to maintain an oil well and banned him from owning oil interests in the state for seven years.

Several investors who saw the MTV show contacted state regulators, Corporation Commission spokeswoman Heather Murphy said.

"Investors would be justifiably upset if their money was used to pay for Ariel's soiree," Murphy said.

Arizona regulators plan to coordinate with investigators in other states to find out whether Milby paid for Ariel's party with investor funds.

So far, Milby has not "paid a single penny" of the $1.3million he owes in Arizona, Murphy said.

Ariel, who is a cheerleader at her high school, said Wednesday that it was her mother's idea to try out for MTV's My Super Sweet 16 show, which depicts teenage girls planning their birthday parties.

Ariel said the show was filmed in her hometown in September and October, about the same time Arizona regulators pressed her father and his companies.

The show featured Ariel, her parents and her friend planning the bash. It showed Ariel pleading with her father to buy her a new car and provide a helicopter ride as part of the grand entrance.

The video also showed Ariel hanging out with her father at a department store, a car dealership and an oil field in Kentucky. It's unknown whether Milby owned the oil wells that he pointed to as the cameras rolled for viewers to see.

"This one over here will make over 120 barrels per day," he said, gesturing to an oil pump in a field.

"How many Louis Vuittons is that worth?" Ariel gushed.

"A bunch," her father said.

During the party, Ariel was decked out in a white dress and a tiara. Her small, white fluffy dog was dressed in a top hat and black suit.

Milby appeared to enjoy himself, punctuating his joy with an Arsenio Hall-like fist pump.

The birthday bash climaxed with Ariel getting a new, blue 325 I BMW.

"Happy birthday," Milby said, hugging his daughter.

azcentral.com