Movers and Shakers Aug. 24, 2010
Apply 2 Save owner barred from Idaho loan businesses
The owner of Apply 2 Save, a bankrupt Coeur d'Alene mortgage modification company that allegedly defrauded hundreds of consumers nationwide, is prohibited from ever operating a similar business in Idaho, Attorney General Lawrence Wasden said Monday.
Derek Oberholtzer entered a settlement agreement with Wasden's office that prevents Oberholtzer from acting as a debt or credit counselor and prohibits him from engaging in mortgage lending, brokering, or modification activities within Idaho or with Idaho consumers.
"Apply 2 Save operated for less than a year, signed up hundreds of clients, and took in millions of dollars," said Wasden. "Yet few consumers ever received the mortgage modification services they purchased."
Wasden sued Oberholtzer and Apply 2 Save in April 2009, alleging the defendants accepted payments from consumers for services that they never performed.
In addition to banning Oberholtzer from doing business in Idaho, he is prohibited from obtaining a license to engage in any activity that the Idaho Department of Finance regulates. The settlement with Oberholtzer also incorporates the terms of the Federal Trade Commission's consent decree with Apply 2 Save, Sleeping Giant Media, and Oberholtzer.
The Attorney General recovered $45,000 in restitution during his investigation of Apply 2 Save. The office will distribute the money to consumers who filed complaints with the office in 2008 and 2009.
Apply 2 Save and Oberholtzer filed Chapter 7 bankruptcy soon after the state sued. Oberholtzer received a discharge of his debts in April. Apply 2 Save's bankruptcy is ongoing.
Hennessey named Hecla vice president of investor relations
Hecla Mining Company appointed Melanie Hennessey to vice president of investor relations. In this role, Hennessey will be the primary liaison between Hecla and its investors, analysts and the financial community globally.
Hennessey will be based in Hecla's office in Vancouver, B.C., and will begin work on Sept. 7.
"Melanie is a leading investor relations professional, whose expertise and familiarity with the investment community are important to us, and will enhance our ability to effectively communicate with Hecla's stakeholders," said Hecla President and Chief Executive Officer Phillips S. Baker, Jr. "She has extensive experience and has been involved in a number of industry-leading transactions that will help in the future growth of Hecla. We are extremely pleased that Melanie has decided to join us."
Prior to joining Hecla Mining Company, Hennessey held a number of key positions in the mining industry.
Dr. Dan Cullum participates
in dentistry summit
Dr. Dan Cullum, DDS of Coeur d'Alene recently participated in the Academy of Osseointegration's Silver Anniversary Summit: Impact of Biological and Technological Advances on Implant Dentistry in Chicago.
Cullum was one of only 100 scientists and clinicians brought together to contribute in translational research to bridge the gap between research and clinical practice. He participated in group discussions on problem solving and future direction of bioengineering.
The AO intends to publish the results in a supplement to the International Journal of Oral and Maxillofacial Implants.
Cullum practices oral/maxillofacial surgery with emphasis on immediate and minimally invasive techniques in esthetic implant reconstruction. He has offices in Coeur d'Alene and Sandpoint. He is also president of Implants Northwest LIVE Learning Center, a training facility focused on training surgeon/restorative teams in advanced techniques.
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