• Report: #677077

Complaint Review: QUICKSILVER - DC SHOES

  • Submitted: Thu, December 30, 2010
  • Updated: Fri, July 08, 2016

  • Reported By: Victim Defense — Manhattan New York USA
QUICKSILVER - DC SHOES
Internet United States of America

Notice: Ripoff Report VIP Arbitration Decision: A neutral and independent Arbitrator has determined that the following Report contained one or more false statements of facts. The false statements have been redacted as ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)). | Damon Way DC Shoes ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)), Internet

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RIPOFF REPORT VIP ARBITRATION

SUMMARY OF ARBITRATOR’S DECISION

Damon Way & Kenneth Block, Complainant

v.

Anonymous, Author of Report #677077,

________________________________________________________________________

Complainants Damon Way and Kenneth Block(the “Complainant”) has challenged the truthfulness of certain specific statements (each, a “Statement”) posted by Author Anonymous (the “Author”) on the Ripoff Report website at www.ripoffreport.com as Ripoff Report #677077 (the “Report”). The Complainant denies the allegations. The Author did not provide a response to this matter. Therefore, in accordance with the Ripoff Report VIP Arbitration Rules (the “Rules), the Author waived their right to participate in this Arbitration. By submitting a Report and a Complaint on the Ripoff Report websites, both the Complainant and the Author have agreed to submit the dispute to the Ripoff Report VIP Arbitration Program.

In accordance with the Rules, the Arbitrator was asked to decide whether the challenged Statements were an opinion or a fact. If, and only if, the Statement was determined to be a statement of fact, the Arbitrator was asked to further decided if, by a preponderance of the evidence, to determine if the Statement was true or false. If the statement identified by the Complainant is determined to be an opinion, no determination will be made as to that particular Statement because an opinion cannot be determined to be true nor false.

In this case, the Arbitrator had only the evidence submitted by the Complainant to consider. The evidence submitted included Ripoff Report #677077, Complainant’s Arbitration Statement, Complainant’s Witness Statements, and supporting documentation.

Each Statement challenged by the Complainant has been considered, together with any Witness Statements and Documents provided by the Complainant for determination of the truth or falsity of the Statement. The Author did not provide a response to the Complaint.

The Arbitrator determined that the certain statements challenged in the Report were false. Therefore, according to the VIP Arbitration Rules, those statements have been redacted.

Decided March 17, 2016,

Sandra J. Franklin, Arbitrator

* A copy of the full Arbitrator’s Decision is available upon request. Please e-mail arbitration@ripoffreport.com with the name of the Complainant and Report number.

________________________________________________________________________

 

Clay Blehm was the founder ofDC Shoes

He was 58 year old retired California CPA that owned retail stores in S. CA. when he was asked by Ken Block and Damon Wayfor help with nothing more than an idea.Clay founded and built their idea into a $160 million dollar a year business, DC Shoes in exchange for a 1/3 ownership.

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration))!

It is my hopes that the news media will pick this story up and expose this American success story and how the founder andbuilder of the company Clay Blehm was robbedby the other two partners and Quiksilver! and bring justice to this 78 year old sweet man.Clay is living in poverty while the young men that he made RICHand FAMOUS are living a great life.

Belowis the story that will stand truebefore any court in America! Clayhas all of the documents !!!

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration))ent.

Reid and Wilson entered into a formal agreement with the IRS to Accomplish their dastardly deed and Destroy the Seventy Year Old Senior Founder of DC Shoes, life and planned retirement after Ten Long Years of Directing DC Shoes from an idea of a couple of uneducated and inexperienced Skate Boarders to an extremely profitable Company doing 100 Million Dollars in annual sales and netting a sale price of just under 160 Million Dollars after only nine years of operations. 

Irrefutable documentary evidence of an agreement with the IRS to settle the DC tax matters of 1998, 1999, and 2000 under IRS Section 3509 on July 15, 2003 and a further confirmation of said agreement signed and dated by Clancy Wilson on August 14, 2003. These negotiations and agreement were concealed from Clayton Blehm despite Blehm's repeated inquiries of Clancy Wilson and other representatives of DC Shoes.

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)).

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)).

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)).

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)). Quiksilver paid Blehm the 4.5 million Dollars due him on May 1, 2004 and closed the escrowwith Damon Way and Kenneth Block for just under 160 Million Dollars on the very same day. ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)).

All of the proof documenting the above conspiracy was known to all of the parties named as defendants. The bound books of exhibits received from Larry Campitielloprove his access and possession of the 3509 Agreement with the IRS which preceded the August 20, 2003 Settlement Agreement between Blehm and the DC parties. James Peterson directed the negotiations regarding the Blehm/DC Settlement Agreement as DC's attorney and after the Agreement was signed, entered into an escrow agreement to hold Blehm's DC stock, pending completion of the terms of the settlement agreement.

As DC's attorney, he knew of the 3509 IRS Settlement, and of the subsequent assessment of the taxes, penalties and interest actually required to be paid by DC Shoes which was levied against DC Shoes on April 5, 2004, in the paltry amount of $250,000.00. This levy was awaited with interest by the DC Shoes parties and Quiksilver who had made receipt of the levy a prerequisite of closing the escrow.

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)).

Thus, James Peterson, the DC Attorney and Blehm'sEscrow agent was free to transmit Blehm's stock to Quiksilver, while he fully knew that DC would never pay the Blehm employment taxes required in the August 20, 2003 Settlement Agreement between DC and Blehm/FDC. His obvious conflict of interest should be enough to relieve him of his license to practice law. Blehm's attempts to get an escrow closing statement out of him have proved futile. He apparently fears that something done at the close of escrow may serve to incriminate him.

One positive result to Blehm's credit resulted from the Stipulation required in the August 20, 2003 Settlement Agreement, whereby Larry Campitiello and James Peterson, no doubt unintentionally, provided Blehm with this opportunity to re-open this sad state of greed and dishonesty, despite Larry Campitiello's loss of Blehm's right to appeal by allowing the time to expire to file a notice of intention to appeal.

Larry was constantly reminded of that deadline by Clayton Blehm and ignored the expiration of the time limit. Amazingly, the Stipulation filed by Peterson and Campitiello, immediately following the signing of the August 20, 2003 Settlement Agreement, provided for a preliminary dismissal of the Complaint

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)).

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)). ((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration))! When you see the name or logo of DC Shoes or Quiksilver, you are looking at companies that are cold hearted thieves behind glitter.Watch for this story hitting headlines and news coming soon! 

((Statement REDACTED as false pursuant to Ripoff Report VIP Arbitration)).

 

 

 

 

 


This report was posted on Ripoff Report on 12/30/2010 07:10 PM and is a permanent record located here: http://www.ripoffreport.com/r/QUICKSILVER-DC-SHOES/internet/Notice-Ripoff-Report-VIP-Arbitration-Decision-A-neutral-and-independent-Arbitrator-has-d-677077. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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