You may have read my previous post about Qtrax and their multiple legal woes and gnarly “loans” that seemt o have come back to bite them on the ass big time. In that post I wrote “Mr. Klepshitz took a default judgment on April 20, 2009 totaling more than $516,000 including interest in the NY Supreme Court case #603243/08, Alpha Capital Anstalt and Osher Capital, Inc v. Brilliant Technologies Corporation and LTD Network, Inc. For those of you who don’t get it, it means that Klepshitz didn’t bother showing up in court or filing any responses to the claim.” Well I got a call from a very important West Coast entertainment industry attorney bitterly reprimanding me for the previous statement. He pointed out that the judgment that I cited was NOT a default judgment, but a summary judgment. The difference is that the judge in the matter gave the plaintiff a judgment based on the facts of the case.
But what is most interesting is that this particular case as well as the newly files case by Millennium Technologies and yet another case seem to establish a pattern of how Allen Klepshitz “settles” these matters. Two words: rubber checks. In the Alpha/Osher case, he had settled the claims at the last minute after dragging the case on for years. He gave the plaintiffs 2 post dated checks for $250,000 as settlement. But both checks bounced! So this latest judgment is a result of the plaintiffs new case to collect on the rubber that Klepshitz gave them. Are you following?
So as we see in the Millennium case, he bounced yet another check on them. But let me introduce to you a gentleman by the name of Peter Goerke. Mr. Goerke also sued Klepshitz and the case was evidently settled. Klepshitz paid Goerke with 2 checks, one for $88,900 and another for $12,700. And guess what? Both checks bounced. So Goerke had to file yet another suit, to which he was awarded a summary judgment, in order to collect on the bad checks. Not only that, but when Goerke got his summary judgment, Klepfisz had to be threatened with contempt of court in order to get him to pay up!
Is this man a serial check bouncer? You tell me. But one thing is for sure: if Kelpshitz owes you money, get it in cash and still make sure its real!
© 2009, Wayne Rosso. All rights reserved.
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You are correct. Though Allen’s attorneys contacted people who sued them, they never entered appearance in the court. They only tried to make ‘cent to the dollar’ offer.
Appears that judgments have been entered into against Qtrax
Does that mean that Millenium and others who have given the checks are looking to get nothing other than a notice from the bankruptcy court that they have been Jacked by Allen ??
Put him in jail. This prick has been ripping off shareholders and investors for many years now.
What’s really scary is that this is just public record stuff from one court. God knows what else is out there. And let’s not forget that Brilliant/Qtrax hasn’t complied with SEC regulations for 2 years now. So he’s not reporting all of this litigation to his shareholders.