Seeking Justice
Donation protected
May 12, 2015
My name is Lou Rogers. I am not Nelson Mandela. I am not Dr. Martin Luther King. I am not Muhammad Ali.
I am just another man fighting for what is right. I am just fighting to save my business; a business I have worked very hard to build over the past 30 years. I will win this fight because of who God is, and because of my faith in Him. I am walking by faith.
It is important that I express my complete faith in God before I go any further. My plans as I move forward may be contrary to conventional wisdom. The reader must therefore keep my faith in mind as you ponder my plans and my actions as I move through the maze of our justice system.
I am a hard working honest man who has spent the last 30 years building a very successful business. That business is now in the hands of a court appointed receiver who knows very little about my business and whose motives are very suspect.
I started my leasing company in 1985. In 2008 we booked in excess of $20 million in leased equipment. The bulk of this business was done with Federal, State, and Municipal governments. Most of the leases we booked were financed through lines of credit with small banks. One of those small banks introduced me to a “Non-recourse” line of credit. This non-recourse line of credit allowed the bank to circumvent their legal lending limit. This “non-recourse” line of credit was beneficial to both the bank and my company. The bank was able to book more loans and my company was able to book more leases.
My company billed and collected the lease payments for these “Non-Recourse” loans for which the bank paid my company a fee. However, my company’s liability was limited to remitting only those payments we actually received. Even though each month many lease payments were not received by my company, my company made the payments to the bank nonetheless. This was accomplished by the bank taking the payments directly from my company’s business checking account.
The combination of the great recession of 2008 and this small bank being purchased by a much larger bank, greatly contributed to my inability to continue paying the delinquent payments of these Non-recourse leases from my company’s cash flow. However, admittedly with my knowledge and permission the bank continued to debit my checking account for all of the “Non-recourse” lease payments, regardless of whether or not my company had actually received the lease payments from the lessee (end user customer). This problem escalated to the point where my company had an estimated $8 million in overdrafts in 2013; most (if not all) of which can be directly tied to the non-recourse delinquent payments my company made to the bank during a period of approximately 12 years.
The overdrafts involved two other banks; one of which filed a Racketeer Influenced and Corrupt Organizations Act (RICO) lawsuit against me and my company; and also petitioned the court to appoint a receiver to come in and take control of my company. Based on distorted facts, untrue statements, and a plethora of totally disregarded facts, the court granted the bank’s request to appoint a receiver. The court’s decision to appoint a receiver was tragic. That decision was made even more tragic by the actual selection of the receiver. The receiver came in and immediately fired everyone with the last name of “Rogers”; no questions asked. Without warning, the payroll that had been submitted for work already performed was recalled and resubmitted minus the names of anyone with the last name of Rogers.
I now find myself the object of civil lawsuits from four different banks. Additionally I have 39 documented investors who purchased various promissory notes that were collateralized by inventory, extended leases and other residuals owned by my company. A couple who invested in two of these notes has also filed a lawsuit against me. The receiver has completely ignored all of these small investors, who for the most part, have very limited means—some invested as little as $10.00. This is just one of many examples of the callous and negligent way the receiver has treated my creditors and me. As I share more and more information with you, you will see why I cannot allow this to continue. I cannot sit idly by and let the receiver destroy what I have worked so hard to build during the past 30 years. God has given me access to some vital information that will prove that the receiver has not acted in the best interest of my companies or my creditors. This information will also prove that the receiver has not been honest with the court or with me. He has now accelerated his efforts to devalue my company in an attempt to keep me from bringing all of the facts to light. Despite his efforts, I am committed to making sure true justice is served.
This experience has revealed to me in no uncertain terms that I must fight this with all that is within me. Our nation’s business practices are inequitable; and our nation’s justice system is unjust! I am soliciting your help in fighting this good fight of faith. But we must remember that “faith without works is dead”.
Do I have selfish reasons? Absolutely, I am fighting for my family and fighting to restore my business and my good name.
Do I have unselfish reasons? Absolutely! After spending the month of February viewing and studying documentaries related to Black History; what was already ingrained in me was re-enforced. I have an obligation to the people of the past who made tremendous sacrifices and the people of the present and the future whose hope is tied not only to my efforts, but to the efforts of others like me who are in similar situations. We must be committed to what is fair and just!
In an effort hold your attention and not overwhelm you with “hard to follow” monologues, I have kept this “first installment” as brief as I can. There are lots of detail and lots of unanswered questions yet to be brought to light. It is my hope that what you read here will motivate you to seek additional facts that will lead to the truth, the whole truth and nothing but the truth. Please take the time for find out all you can from the plethora of information I am about to share with you.
I am not an attorney; but because the receiver has virtually cut off all of my sources of income, I am forced to act as my own attorney. I am not at all proficient in the practice of law. However, I feel I am proficient in knowing what is right and what is wrong. I also have a good handle on the difference between justice and injustice. Most importantly, I have complete faith in God.
“Yea, a man may say, thou hast faith, and I have works. Show me thy faith without thy works; and I will show thee my faith, by my works.” By faith I am breaking protocol. I am breaking protocol and there is no turning back.
To all who read this information and see my courses of action, never lose sight of the fact that I have total faith in God and will take the path He chooses for me. There may be instances where you may think the steps I take are “ill-advised” and contrary to common sense. But remember, God does not make common sense. There is nothing common about Him.
All of us wonder from time to time why certain things happen to us in life. We all have our crosses to bear. I really believe this is the Lord’s doing and it is marvelous in my eyes. I believe God has allowed this to happen to put me in a position to do the good that I am about to do. There will be glory after this. Through all of this, the inequities in our economic and justice system will be addressed. God will be glorified. People will be encouraged and their faith will be renewed.
I don’t know how God is going to deliver me; but I do know that He is going to deliver me. It may be through a variety of donations. It may be through a variety of investments. It may be through one individual who either sees a wrong that needs to be “righted”; or through a single investor who strictly sees an opportunity to get a handsome return—or a single investor who sees both. Then again, who knows the mind of God? He may have an entirely different plan of which I have no idea. Until His plan is fully accomplished and revealed, I will continue to walk by faith.
If you feel led to help in any way, please see the attachment.
Sincerely
Lou Rogers
My name is Lou Rogers. I am not Nelson Mandela. I am not Dr. Martin Luther King. I am not Muhammad Ali.
I am just another man fighting for what is right. I am just fighting to save my business; a business I have worked very hard to build over the past 30 years. I will win this fight because of who God is, and because of my faith in Him. I am walking by faith.
It is important that I express my complete faith in God before I go any further. My plans as I move forward may be contrary to conventional wisdom. The reader must therefore keep my faith in mind as you ponder my plans and my actions as I move through the maze of our justice system.
I am a hard working honest man who has spent the last 30 years building a very successful business. That business is now in the hands of a court appointed receiver who knows very little about my business and whose motives are very suspect.
I started my leasing company in 1985. In 2008 we booked in excess of $20 million in leased equipment. The bulk of this business was done with Federal, State, and Municipal governments. Most of the leases we booked were financed through lines of credit with small banks. One of those small banks introduced me to a “Non-recourse” line of credit. This non-recourse line of credit allowed the bank to circumvent their legal lending limit. This “non-recourse” line of credit was beneficial to both the bank and my company. The bank was able to book more loans and my company was able to book more leases.
My company billed and collected the lease payments for these “Non-Recourse” loans for which the bank paid my company a fee. However, my company’s liability was limited to remitting only those payments we actually received. Even though each month many lease payments were not received by my company, my company made the payments to the bank nonetheless. This was accomplished by the bank taking the payments directly from my company’s business checking account.
The combination of the great recession of 2008 and this small bank being purchased by a much larger bank, greatly contributed to my inability to continue paying the delinquent payments of these Non-recourse leases from my company’s cash flow. However, admittedly with my knowledge and permission the bank continued to debit my checking account for all of the “Non-recourse” lease payments, regardless of whether or not my company had actually received the lease payments from the lessee (end user customer). This problem escalated to the point where my company had an estimated $8 million in overdrafts in 2013; most (if not all) of which can be directly tied to the non-recourse delinquent payments my company made to the bank during a period of approximately 12 years.
The overdrafts involved two other banks; one of which filed a Racketeer Influenced and Corrupt Organizations Act (RICO) lawsuit against me and my company; and also petitioned the court to appoint a receiver to come in and take control of my company. Based on distorted facts, untrue statements, and a plethora of totally disregarded facts, the court granted the bank’s request to appoint a receiver. The court’s decision to appoint a receiver was tragic. That decision was made even more tragic by the actual selection of the receiver. The receiver came in and immediately fired everyone with the last name of “Rogers”; no questions asked. Without warning, the payroll that had been submitted for work already performed was recalled and resubmitted minus the names of anyone with the last name of Rogers.
I now find myself the object of civil lawsuits from four different banks. Additionally I have 39 documented investors who purchased various promissory notes that were collateralized by inventory, extended leases and other residuals owned by my company. A couple who invested in two of these notes has also filed a lawsuit against me. The receiver has completely ignored all of these small investors, who for the most part, have very limited means—some invested as little as $10.00. This is just one of many examples of the callous and negligent way the receiver has treated my creditors and me. As I share more and more information with you, you will see why I cannot allow this to continue. I cannot sit idly by and let the receiver destroy what I have worked so hard to build during the past 30 years. God has given me access to some vital information that will prove that the receiver has not acted in the best interest of my companies or my creditors. This information will also prove that the receiver has not been honest with the court or with me. He has now accelerated his efforts to devalue my company in an attempt to keep me from bringing all of the facts to light. Despite his efforts, I am committed to making sure true justice is served.
This experience has revealed to me in no uncertain terms that I must fight this with all that is within me. Our nation’s business practices are inequitable; and our nation’s justice system is unjust! I am soliciting your help in fighting this good fight of faith. But we must remember that “faith without works is dead”.
Do I have selfish reasons? Absolutely, I am fighting for my family and fighting to restore my business and my good name.
Do I have unselfish reasons? Absolutely! After spending the month of February viewing and studying documentaries related to Black History; what was already ingrained in me was re-enforced. I have an obligation to the people of the past who made tremendous sacrifices and the people of the present and the future whose hope is tied not only to my efforts, but to the efforts of others like me who are in similar situations. We must be committed to what is fair and just!
In an effort hold your attention and not overwhelm you with “hard to follow” monologues, I have kept this “first installment” as brief as I can. There are lots of detail and lots of unanswered questions yet to be brought to light. It is my hope that what you read here will motivate you to seek additional facts that will lead to the truth, the whole truth and nothing but the truth. Please take the time for find out all you can from the plethora of information I am about to share with you.
I am not an attorney; but because the receiver has virtually cut off all of my sources of income, I am forced to act as my own attorney. I am not at all proficient in the practice of law. However, I feel I am proficient in knowing what is right and what is wrong. I also have a good handle on the difference between justice and injustice. Most importantly, I have complete faith in God.
“Yea, a man may say, thou hast faith, and I have works. Show me thy faith without thy works; and I will show thee my faith, by my works.” By faith I am breaking protocol. I am breaking protocol and there is no turning back.
To all who read this information and see my courses of action, never lose sight of the fact that I have total faith in God and will take the path He chooses for me. There may be instances where you may think the steps I take are “ill-advised” and contrary to common sense. But remember, God does not make common sense. There is nothing common about Him.
All of us wonder from time to time why certain things happen to us in life. We all have our crosses to bear. I really believe this is the Lord’s doing and it is marvelous in my eyes. I believe God has allowed this to happen to put me in a position to do the good that I am about to do. There will be glory after this. Through all of this, the inequities in our economic and justice system will be addressed. God will be glorified. People will be encouraged and their faith will be renewed.
I don’t know how God is going to deliver me; but I do know that He is going to deliver me. It may be through a variety of donations. It may be through a variety of investments. It may be through one individual who either sees a wrong that needs to be “righted”; or through a single investor who strictly sees an opportunity to get a handsome return—or a single investor who sees both. Then again, who knows the mind of God? He may have an entirely different plan of which I have no idea. Until His plan is fully accomplished and revealed, I will continue to walk by faith.
If you feel led to help in any way, please see the attachment.
Sincerely
Lou Rogers
Organizer
Lou Rogers Sr.
Organizer
Mount Holly, NJ