Total Pageviews

Tuesday, August 8, 2017

Greg Steenson and his cousin Sheriff Ana Franklin have something to celebrate

Blogger Comments:  

Today is the one year anniversary of Greg Steenson's arrest on multiple felony counts with his involvement with the downfall of the Performance Auto Sales.  

Greg Steenson, Cousin Sheriff Ana Franklin, and Sheriff Franklin's then lover Steven Ziaja bought into a scheme that caused the downfall of the Performance Auto Sales aka Title Marts and forced them into bankruptcy.






Owner of bankrupt Decatur business charged with theft, forgery

  • By Ashley Remkus Staff Writer
  •  
Morgan County's sheriff had a man she claims owes her money transferred to a different jail Tuesday after he was arrested on charges relating to his ownership of a Decatur used car dealership.
Greg Steenson, 47, 38 Jackson Way, Decatur, is being held in Limestone County Jail on eight counts of first-degree theft, a Class B felony, and Class C felonies of one count of second-degree theft and two counts of second-degree forgery.
The charges stem from transactions that occurred while Steenson was associated with Priceville Partners LLC, District Attorney Scott Anderson’s office said Tuesday.
The dealership, which is the subject of a lawsuit between Steenson and another partner, filed for bankruptcy earlier this year in federal court with a list of creditors that includes Morgan County Sheriff Ana Franklin.
In the criminal case, Steenson is accused of selling vehicles for which he did not have titles and forging other names to documents requesting replacement titles for the cars he sold, Anderson said.
In the civil case, Franklin claims Steenson misappropriated funds, including a $150,000 loan she made to the company last year.
Because of her ties to Steenson, Franklin said the Sheriff’s Office has no involvement in the criminal case.
District Attorney Investigator Johnny Coker apprehended Steenson late Monday and took him to Morgan County Jail, where he was booked on the 11 charges.
Franklin said she had Steenson transferred after she learned about the arrest Tuesday morning.
“All I know is there was an investigation because of all the lawsuits and bankruptcy,” the sheriff said. “And the district attorney’s office is handling all of that.”
The dealership filed Chapter 11 bankruptcy in the Northern District of Alabama in March listing more than $5.4 million in claims from creditors.
The filing showed the company with between $500,000 and $1 million in assets.
Harold Jeffreys, a Decatur businessman and former banker, signed the filing as the company’s majority member. Jeffreys, who owns 60 percent of the company, late last year filed a civil lawsuit in state court against Steenson, who owned 40 percent of the company.
Jeffreys claims in the civil lawsuit Steenson owes him $3.2 million from unpaid loans, and Steenson misappropriated the money from the company and Jeffreys.
Steenson was being held with bail set at $285,000.
If he makes bail, Steenson has been ordered to seek court permission before transacting any business involving vehicles, Anderson said.
“This is an ongoing investigation, and it is possible that additional arrests may be made in relation to these and other transactions,” Anderson said.
If convicted, Steenson faces two to 20 years on the Class B felony charges and up to 10 years on the Class C felonies.

Used car dealership in dispute files for bankruptcy; Morgan sheriff listed as creditor

  • By Keith Clines Staff Writer
  •  
  •  
Car dealership files for bankruptcy
By Keith Clines
Staff Writer
A Decatur used car dealership that is the subject of a lawsuit between its partners has filed for bankruptcy in federal court with a list of creditors that includes Morgan County Sheriff Ana Franklin.
Priceville Partners LLC filed Chapter 11 bankruptcy in the Northern District of Alabama on Friday listing more than $5.4 million in claims from creditors.
Franklin’s $150,000 claim stems from a loan she made to the company last year, she said Wednesday.
The filing showed the company with between $500,000 and $1 million in assets.
Harold Jeffreys, a Decatur businessman and former banker, signed the filing as the company’s majority member. Jeffreys, who owns 60 percent of the company, late last year filed a civil lawsuit in state court against company partner Greg Steenson, who owns 40 percent of the company.
Jeffreys claims in the civil lawsuit Steenson owes him $3.2 million from unpaid loans, and Steenson misappropriated the money from the company and Jeffreys.
Lee Benton, a Birmingham attorney representing the company in the bankruptcy case, said Wednesday the company’s assets need to be liquidated for the creditors to be paid.
Unsecured creditors of Priceville Partners would receive a pro rata share of the proceeds from liquidation, Benton said.
Jeffreys earlier filed a motion in the civil lawsuit asking that the company’s assets be liquidated.
Jeffreys’ $3.4 million claim is the largest of 21 claims by 17 individuals and companies on the creditors’ list.
Franklin said she has known Jeffreys for a long time and knew his reputation as a good businessman when she used money from her savings and her retirement for the loan.
Franklin said she knew Steenson had “prior issues,” but did not know Steenson was part owner of the company when she made the loan. She said she thought Jeffreys owned the company and Steenson ran the company.
Steenson pleaded guilty in 2002 to federal bank fraud conspiracy charges. He was sentenced to more than four years in federal prison and ordered to pay more than $5.2 million in restitution.
Franklin said “it would have been nice to have known” Steenson owned part of the company when she made the loan.
“I don’t know if it would have affected my decision,” she said. “I may have asked additional questions if I had known.”
Franklin said her discussions about a possible loan were with Jeffreys, and she never talked to Steenson.
Franklin said she did consult with Steve Ziaja, whom Franklin said she sees socially, before making the loan.
Ziaja, a state Alcoholic Beverage Control agent, has a $504,999.54 claim listed in the bankruptcy filing for loans he made to the company. He also has intervened in Jeffreys’ civil lawsuit to protect his interests as a creditor.
Franklin said her loan seemed like a good investment opportunity when she discussed the matter with Ziaja.
Franklin said her loan and Ziaja’s loans, which were made before Franklin’s loan, to the company are completely separate.
“His money has nothing to do with my money,” she said.
Franklin didn’t seem to hold out much hope for recovering her $150,000.
“Any time somebody files for bankruptcy, there’s not a great chance you’ll get your money back,” she said.
Other local creditors with large claims in the bankruptcy filing include Malcom F. Walker, of Mount Hope, $538,860.08; Robert E. Burton, of Moulton, $156,486.50; Lynn Layton Chevrolet, of Decatur, $111,700; Jason Bowling, of Hartselle, two claims totaling $94,112.80; and Dwight and Paulette Masterson, $47,800.
keith.clines@decaturdaily.com or 256-340-2438. Twitter @DD_KeithClines.

1 comment:

  1. Happy Anniversary, Cousin Greg! How do you and Ana and Ziaja plan to celebrate?

    ReplyDelete