Table of Contents:
- “Jive in the Oil & Gas Fields” Article
- Broccoli Craisin Salad Recipe
- “We All Need Purpose and Persistence” Short Story
- Buy “Diagnostic & Prescriptive Judgment Enforcement” Book By International Best Seller Author, Joe Dickerson, CFE,
- “What Clients Say” About Financial Forensic Services
JIVE IN THE OIL AND GAS FIELDS
William Jive is an Oklahoma oil man. He raises money to drill wells through private placement offerings to sell membership interest in limited liability companies. Financial Forensic Services’ client, G. A., invested in numerous oil deals, being assured these investments were completely safe and that Mr. Jive had no prior legal problems. Over the next two years, G. A. invested most of his life savings of nearly $1 million in Jive oil and gas deals.
Shortly thereafter, the investments’ returns dribbled down to next to nothing. Jive apparently was the only oil and gas man in Oklahoma not making any money. G. A. was not the only one to become suspicious—over the next few months he was interviewed by investigators from the Securities and Exchange Commission, then an FBI agent, followed by a criminal investigator from the IRS. G. A. eventually learned Jive had failed to comply with state and federal requirements for the sale of securities despite assurances that he had. In fact, much of G. A.’s investment was used by Jive to maintain his extravagant lifestyle with very little of it being used to drill shallow wells.
Jive began to accumulate numerous legal problems as he started fraudulently transferring assets from his oil and gas companies to shell entities in the name of his half-brother in Arkansas and then those assets were pledged to a Trust vehicle set up by one of his attorneys for the benefit of an ex-con from Florida.
Jive and the Florida ex-con, with the help of the attorney, set up the following fraud vehicles: The Credit Line Deed of Trust, Mortgage, Security Agreement, Assignment of Production and Financing Statement for Jive and all of his oil and gas entities pledged to Chuck E., Esq. (Jive’s attorney) as Trustee of All Holding Enterprises as lender which was created to provide a $2 million line of credit to Jive.
Jive and the Florida ex-con then agreed that the Trustee (Attorney) would sue Jive for failing to pay off the line of credit and Jive would then confess judgment, even though there was no showing that the line of credit was ever funded or that any demand for payment was ever made. Notwithstanding those minor details, Jive and (his attorney) the Trustee for the benefit of All Holding Enterprises entered into an Agreed Judgment which was approved by a District Court Judge whereby All Holding Enterprise was given an Assignment and Bill of Sale for all personal and business assets of Jive and all of his oil and gas entities and all defendants were released from the Agreed Judgment.
Copyright all rights reserved. Financial Forensic Services, LLC 2020 Brief quotation with attribution permitted.
WE ALL NEED PURPOSE AND PERSISTENCE
To live your best life you need two things – purpose and persistence.
Let’s look at purpose. On the historic monument commemorating the life of author Jack London, who wrote the classic White Fang, are these words: “I would rather be ashes than dust! I would rather my spark burn out in a brilliant blaze than it should be stifled by dry rot. I would rather be a superb meteor, every atom of me in a magnificent glow, than a sleepy and permanent planet. The function of a man is to live, not to exist. I shall not waste my days trying to prolong them. I shall use my time.” To make a difference in this world you must discover your God-given assignment, and commit yourself to it 100 percent.
Let’s look at persistence. It took Sir Winston Churchill three years to get through the eighth grade because he had trouble learning English. Yet his speeches during World War II inspired and galvanized Britain to fight and win in the face of overwhelming odds. When he was asked to give the commencement address at Oxford University, he delivered the shortest speech on record – just six words. “Never give up! Never give up!” And those words are the essence of purpose and persistence.
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