Bean Lumber Bankruptcy Blamed On Scam

by Mark Friedman  on Monday, Jan. 27, 2014 12:00 am  

After the 17 days passed, there was still no money.

By October, Bean regretted getting involved with Kirsch.

“I am really beginning [to] doubt Andy’s validity,” Bean complained to Kimmey in an email dated Oct. 3, 2010. “His stories aren’t matching up week to week. … He has seriously jepordised [sic] this company because i [sic] made decisions based on his ‘assurance’ of the first million by July 15th and then the bridge loan later on.”

Bean said in the email that Bean Lumber could have slowed production and improved its financial situation.

“And he won’t send any letter assuring that the money is actually there,” Bean wrote. “I am really beginning to get upset at the guy’s lack of honesty and inability to be forthright.”

Despite assurances from Malteco’s office between September and November 2010 that the money was on its way to Bean Lumber, it never arrived.

As creditors circled, Bean emailed Kirsch on Nov. 25, 2010, begging him for answers.

Bean’s creditors “are convinced we are never getting [the] money,” Bean said in the email. “I really need some help here Andy. I need something legit to give them to calm them down.”

Still no money arrived. Bean Lumber closed its doors at the end of November “due to a lack of operating funds,” the lawsuit said.

In an email to Kimmey on Dec. 15, 2010, Bean said Bean Lumber was cutting its ties with Kirsch.

“I also have lost my faith in [Kirsch] being an honest man,” Bean wrote. “I sincerely hope that he has acted solely in this scam and has not put other people at risk.”

Parlin, Kirsch’s attorney, agreed in March 2011 that Kirsch would return the $125,000 that Bean had given him.

 

 

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