Kimmage unleashes hell, counter-sues Verbruggen & McQuaid

[Benotti69]

Brown could put this to bed very quickly if he wanted. He could admit to using money from the fund, how much and that he will repay it at his earliest chance.

Has the rest of the money been put into an account as requested by Kimmage?

 

[Semper Fidelis]

He clearly says he tapped into the funds.....but he also says he reimbursed it from his personal funds. He also says that tapping into the funds is not the right thing to do, right after he says "F Paul"

confusing stuff

If he "tapped" into the fund for anything other than paying defense or fee's associated with the operation of that fund then he has perp a fraud on everyone involved not just his partners but all the donors.

Class action could happen on behalf of the donors?

 

[Benotti69]

If he "tapped" into the fund for anything other than paying defense or fee's associated with the operation of that fund then he has perp a fraud on everyone involved not just his partners but all the donors.

Class action could happen on behalf of the donors?

Probably why he skipped off to Girona.

 

[Digger]

Brown could put this to bed very quickly if he wanted. He could admit to using money from the fund, how much and that he will repay it at his earliest chance.

Has the rest of the money been put into an account as requested by Kimmage?

No............

 

[thirteen]

No............

which, sadly, says it all.

Poor Paul. Poor Lesli.

 

[Je ne sais quoi]

please pass on to him that he still has major support from cycling fans.

trolls, aside, a majority on this thread donated to the fund -- usually more than once -- and would do so again. Paul is in a unique situation where he can show that the emperor has no clothes. we cannot.

i know it's very stressful for him but all the respect in the world that he understands where we're coming from and what we want. to let one petty little man ruin it all is a shame beyond shames. it should not and does not reflect badly on Paul, you, or Andy.

i've seen Paul come out fighting when his back was against the wall and i hope this has not changed. if, however, the stress is just too much for him, i will respect his decision and i'm sure i'm not alone in this. but...

tell him to keep heart. we are still behind him. we have his back.

cycling needs him.

+1. It would be hard being cast as a modern day Jeanne d'Arc in this film noir, flying the banner for squeaky clean. But he's doing a damn good job. And the upside is, he looks good in a dress.
(haha, said with affection and birthday well-wishes)

 

[mewmewmew13]

It seems that AB is talking plenty of public cr@p anyway...so makes one wonder about the reason he is not 'putting this straight' because he CAN'T talk..

If he was spotless he wouldn't have let any of this get so out of control.

It really smells....

 

[frenchfry]

Brown could put this to bed very quickly if he wanted. He could admit to using money from the fund, how much and that he will repay it at his earliest chance.

Has the rest of the money been put into an account as requested by Kimmage?

If he "tapped" into the fund for anything other than paying defense or fee's associated with the operation of that fund then he has perp a fraud on everyone involved not just his partners but all the donors.

Class action could happen on behalf of the donors?

Both of these points are relevant. He has seemingly done something very wrong, but could make it right by coming clean on what has happened and stating how he intends to rectify the wrong.

His silence is not helping - since it appears that the cat is out of the bag it is now time for him to do the right thing.

 

[BroDeal]

If he "tapped" into the fund for anything other than paying defense or fee's associated with the operation of that fund then he has perp a fraud on everyone involved not just his partners but all the donors.

Class action could happen on behalf of the donors?

The "fund" was never isolated in its own account. It is comingled with his other personal funds, and money is fungible. He moved money around from one account to another, so what does dipping into the funds really mean?

The fact that he refuses to explain what is going on indicates something more serious than simply paying bills from one account and replacing the money from another account.

 

[Semper Fidelis]

Both of these points are relevant. He has seemingly done something very wrong, but could make it right by coming clean on what has happened and stating how he intends to rectify the wrong.

His silence is not helping - since it appears that the cat is out of the bag it is now time for him to do the right thing.

So true.

So if he has dipped into these funds for buisness / personal / personal buisness and makes it right by paying back the funds it still will not make what has happened RIGHT.

 

[Semper Fidelis]

The "fund" was never isolated in its own account. It is comingled with his other personal funds, and money is fungible. He moved money around from one account to another, so what does dipping into the funds really mean?

The fact that he refuses to explain what is going on indicates something more serious than simply paying bills from one account and replacing the money from another account.

His refusal to explain is the indicator. Serious implications for doing this and one would be opening himself up to a class action law suit.

 

[BroDeal]

His refusal to explain is the indicator. Serious implications for doing this and one would be opening himself up to a class action law suit.

Spanish justice will get right on that. Seven years from now, it will order the PayPal records destroyed.

 

[Digger]

Where the argument falls down that cyclismas funds were in the account is the following - there was about 250 dollars in that account prior to the fund.

 

[ElChingon]

Spanish justice will get right on that. Seven years from now, it will order the PayPal records destroyed.

Can't wait till Johnny Gun rats him out to the Feds , after he's spent half the loot and come out of rehab with a debt so high its his only way to keep from losing his loved Honda Civic.

 

[hrotha]

Where the argument falls down that cyclismas funds were in the account is the following - there was about 250 dollars in that account prior to the fund.

It really sounds like Brown needed money immediately to pay for Cyclismas stuff and then decided he could safely use the Fund since it wouldn't be needed for a while.

But then that makes you wonder how badly he was managing Cyclismas's funds.

 

[peterst6906]

But then that makes you wonder how badly he was managing Cyclismas's funds.

+1. I've been wondering about this since the story broke.

 

[Granville57]

Brown is clearly handling this whole thing in an abysmal fashion. If he doesn't like the heat, he's got only himself to blame. However...

There's a certain degree of hyperventilating in response to those voice recordings that does nothing clarify the situation. If listening comprehension is a problem then let's try reading.

He is clearly presenting a hypothetical scenario followed by a rhetorical question.

We could go tap into the Kimmage...Kimmage...Kimmage Funds tomorrow.
<pause>
F’ck Paul. Fine. And everyone’s happy, everyone’s paid, everyone’s good.

Then we have to deal with Paul.
Is that the right thing to do?
No.

There a lot of questions that need answering, but over-reacting to the information we do have is not going make that happen any sooner.

What I would like to know is:
Who and what is he referring to in terms of "getting paid" and "being happy"?

 

[Digger]

He was spending cyclismas funds on stuff that wasn't needed - then the money wasn't there to pay legitimate expenses - hence the use of the fund.

 

[Netserk]

He was spending cyclismas funds on stuff that wasn't needed - then the money wasn't there to pay legitimate expenses - hence the use of the fund.

Like what?

 

[Granville57]

One thing that is clearly disturbing is Brown's tone in the KDF cookie Jar clip. Like that of a true manipulator.

https://soundcloud.com/uci_overdrawn

"I just don't want to be in the middle of it all."

"Well technically you are because technically...there was funds that I dispersed from you..."

"sigh"

"...[making a correction] "to you" from the Kimmage Fund directly, which I reimbursed from my personal funds."

 

[peterst6906]

He was spending cyclismas funds on stuff that wasn't needed - then the money wasn't there to pay legitimate expenses - hence the use of the fund.

Who had that decision making power? and how were decisions about purchasing for the partnership managed?

If the answer was that AB had the decision making power and that was the way the partnership was setup at the time, then this is a statement that is a subjective view (unless ABs spending broke the law).

If the running of the company was on the lines of Lesli - web, marketing, etc.; AB - financial and each had decision making power in their areas, then it's difficult to claim he was spending money on non-essential things. Easy to say the structure was wrong because that sort of arrangement can easily lead to problems.

But clearly, the financial management was not handled well if basic cash-flow couldn't be managed properly so that proper funds were available to pay routine expenses on time.

 

[ChewbaccaD]

Who had that decision making power? and how were decisions about purchasing for the partnership managed?

If the answer was that AB had the decision making power and that was the way the partnership was setup at the time, then this is a statement that is a subjective view (unless ABs spending broke the law).

If the running of the company was on the lines of Lesli - web, marketing, etc.; AB - financial and each had decision making power in their areas, then it's difficult to claim he was spending money on non-essential things. Easy to say the structure was wrong because that sort of arrangement can easily lead to problems.

But clearly, the financial management was not handled well if basic cash-flow couldn't be managed properly so that proper funds were available to pay routine expenses on time.

Brilliant observation Sherlock. Are you in the consulting business?

 

[ChewbaccaD]

Who had that decision making power? and how were decisions about purchasing for the partnership managed?

If the answer was that AB had the decision making power and that was the way the partnership was setup at the time, then this is a statement that is a subjective view (unless ABs spending broke the law).

If the running of the company was on the lines of Lesli - web, marketing, etc.; AB - financial and each had decision making power in their areas, then it's difficult to claim he was spending money on non-essential things. Easy to say the structure was wrong because that sort of arrangement can easily lead to problems.

But clearly, the financial management was not handled well if basic cash-flow couldn't be managed properly so that proper funds were available to pay routine expenses on time.

BTW, I am assuming that no women were attacked anywhere in the world today as I definitely didn't see any Wookie Signal anywhere...gotta make sure I can live up to your idiotic criteria for defending Lesli...

 

[brilleaben]

He sounds like a nasal Armstrong

 

[BroDeal]

They will probably find what they usually find in situations like this: They guy was juggling finances for a long time. There are probably a bunch of unpaid bills and unexpected debts.