WEBVTT TO THE COMPANY SHUTDOWN. OUR REPORTER CONTINUES TO STAY ON TOP OF THE CASE. >> I WAS ACTUALLY INSIDE WAITING TO DO AN INTERVIEW WHEN IT BECAME OBVIOUS THE COMPANY WAS CLOSING ITS DOORS AFTER 72 YEARS. AND PRESIDENT JEFF LIONS WAS FIRED ON MAY 15 FOR CAUSE. PROBLEMS WITH THE COMPANY FINANCES WERE DISCOVERED. >> IT ONLY GOT UNRAVELED WHEN I WENT TO A LARGE CUSTOMER THAT TURNS OUT WE WEREN ACTUALLY SELLING FUEL TO EVEN THOUGH IT WAS REPRESENTED ON OUR FINANCIAL STATEMENTS TO THE OWNERS AND THE ACCOUNTANTS AND THE BANKS THAT WE WERE. >> HE WAS REPORTED MISSING BY HIS FAMILY ON MAY 15 HE WAS FOUND BY POLICE IN ANOTHER STATE TWO DAYS LATER BUT SINCE HE WAS NOT ENDANGERED HE WAS ALLOWED TO GO. LAST WEEK AN ATTORNEY SAID IN A STATEMENT THAT JEFF LIONS IS RESPONSIBLE FOR THE FRAUD. >> IT WAS FAIRLY CALCULATED AND COMPLEX. THE ATTORNEYS NEVER FOUND IT, I SORRY, ACCOUNTANTS NEVER FOUND IT. THE BANK NEVER FOUND IT.
The Lancaster County based company closed its doors June 4 after 72 years. Since then, Worley Obetz filed for bankruptcy. Court documents reveal that former CEO and president Jeff Lyons was fired on May 15 for cause.
“It only got unraveled Canada Goose Parka when I went canada goose outlet nyc to a large customer that, turns out, we weren’t actually selling fuel to, even though it was represented canada goose outlet reviews on our financial statements to the owners, accountants and banks that we were,” Obetz said.
Lyons’ family reported him missing on the same day he was fired. He was found in another state two days later. Since he wasn’t endangered, he was allowed to go.
No criminal charges have been filed, but WGAL has confirmed that at least three law canada goose outlet enforcement agencies, including the FBI, are investigating.
۸ On canada goose outlet canada Your Side consumer reporter Brian Roche has been following this story. Like his Facebook page to get the latest updates.
Previous story:Lancaster County based Worley Obetz and its subsidiaries have filed for bankruptcy.
The Chapter 7 canada goose outlet sale filing was made late Wednesday in bankruptcy court in Philadelphia, goose outlet canada and it means the company will be liquidated to pay its debts.
Eleven entities and affiliates are canada goose factory outlet listed in the court documents, including Ranck Plumbing and Heating and several companies under the Amerigreen banner.
Court documents indicate the company owes between $50 million and $100 million dollars. Its assets are canada goose uk outlet listed between $10 million and $50 million.
Money is owed to 1,000 to 5,000 creditors, and a full list of creditors is due by next week.
Fulton Financial may be the largest of those creditors. It’s one of four banks that stands to lose money. The loss could be $60 million to $80 million between all four banks.
While consumers can file a claim as a creditor in a bankruptcy case like this, it’s important to know that creditors who are owed the most money will get paid first.
The uk canada goose outlet bankruptcy filing came after Worley Obetz abruptly closed Monday in the middle of an ongoing fraud investigation. The shutdown put more than 300 employees out of work.
Attorney statementAn attorney for Worley Obetz blames former CEO Jeffrey Lyons for the company’s troubles.
The following statement was provided by William Burnett:
“Unforeseen financial circumstances forced upon Worley Obetz and the Obetz Family were a direct result of the fraudulent actions of Jeffrey B. Lyons. The Canada Goose Coats On Sale FBI is currently investigating. This fraud caused a substantial and devastating ripple effect on canada goose outlet so many people employees, customers, suppliers, lenders, creditors and canada goose outlet online uk the community.
As stewards for the business and the assets of companies, it was determined with a heavy heart that the best course of action was to initiate Chapter 7 bankruptcy liquidation proceedings in the United States Bankruptcy Court cheap Canada Goose for the Eastern District of Pennsylvania (Reading). The Obetz Family and the professionals directing the liquidation are doing the best they can under these circumstances to find acceptable solutions to the myriad of complex problems presented. These solutions will take time, however.”
Lyons has canada goose outlet uk not been charged.
What should customers do?Customers of Worley Obetz still have a lot of questions after the company’s closure.
WGAL has heard from dozens of people asking about money they’ve already paid to Worley Obetz, as well as outstanding bills they have yet to pay.
Former owner Seth Obetz said he’s starting up a new company called Obetz Energy. Obetz is encouraging former Worley Obetz customers to sign up with the new company so he can address outstanding bills and payments.
On Wednesday, Obetz told WGAL, “I don’t have a blanket solution yet, but I plan to work it out over time with those customers.”
WGAL Canada Goose online has also been in contact with the state attorney general’s office. Officials there said consumers who are concerned about money they’ve paid to canada goose jacket outlet Worley Obetz can file a complaint by calling 1 800 441 2555.
Fulton is the largest of four banks owed the most canada goose coats on sale money in https://www.fanclub-fulton-smith.de this fraud case, and officials there said they are also waiting for answers. Communications manager Laura Wakeley cheap canada goose provided a statement that reads, in part:
“We continue to assess this evolving situation to understand what Worley Obetz’s and/or their representative’s next steps will be.”
Help for people who lost jobsThe shutdown canada goose store of Worley Obetz and Ranck Plumbing has left hundreds of official canada goose outlet people out of a job. Some businesses are now holding jobs fairs, looking to hire some of the workers.
Haller Enterprises in Lititz held an open house Friday. The business said it’s glad to help out while filling its own needs.