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2014-01-21T00:00:00.000Z

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Wrong Brian Marshall?

Mr. Brian Marshall M.

Head

Fireline Restoration , Inc.

HQ Phone: (813) 353-0300

Fireline Restoration , Inc.

3018 Horatio Street

Tampa, Florida 33609

United States

Company Description

Fireline Restoration prides itself on being responsive, professional and efficient. We are licensed and insured General Contractors with 25 years of claims handling experience. We provide crucial services to property and business owners and aide clients t ... more

Background Information

Employment History

President
Home Solutions of America , Inc.

General Practicioner
HSA

Dean of Instruction
BELLS CITY SCHOOL DISTRICT

President
Initech Restoration, Inc.

Affiliations

President
Solutions for Industry

Founder
Marshall Investments Corp.

Web References (115 Total References)


Federal prosecutors in Dallas on Monday ...

www.mysanantonio.com [cached]

Federal prosecutors in Dallas on Monday announced the sentence for 50-year-old Brian Marshall of Tampa, Florida. He pleaded guilty in November to one count of securities and commodities fraud.

Prosecutors say he defrauded hundreds who invested in Home Solutions of America Inc. Marshall was a vice president and on the board of Home Solutions in Dallas before the company moved to Louisiana in 2008.
Marshall led a subsidiary, Tampa-based Fireline Restoration Inc., and in 2006 and 2007 he fabricated financial data about construction projects.


The company needed to borrow money ...

www.citronresearch.com [cached]

The company needed to borrow money from an insider (Brian Marshall of Fireline).

"On August 15, 2006, Mr. Marshall furnished $4,984,800 in cash to a financial institution to fund a letter of credit in the same amount, to support the issuance of a construction bond for the benefit of Home Solutions.
...
Fireline Restoration was purchased from Brian Marshall in July 2006 for $11.5M cash, a $21.65M note and 4M shares of stock.


Our favorite part of the deal ...

www.citronresearch.com [cached]

Our favorite part of the deal is the following: Brian Marshall, the head of Fireline used to lease his plane to Fireline, for $37,500 per month. He just amended that to $70,000/month through June 2007 - to Home Solutions.

...
As we read there was a $2M DISTRIBUTION TO SHAREHOLDER (Brian Marshall) in the first 6 months of '06.
Related party contracts
Aside from his airplane leaseback to the company, we read these other disclosures: Marshall used to lease a building for $5600/month to Fireline. That lease has been extended for 5 years (they say it is to June 2001, but since that is already long ago we think they meant to say 2011-add that to the typo tally)
In addition, $1.87M was paid in the first 6 months of 2006 to related parties: BSR Electrical, MTM Enterprise, MIG, Inc, Marshall Aviation, Total Remediation, Inc., all companies controlled by Mr. Marshall.
So, on top of the $2M distribution to shareholder, he also got paid $1.87M for various services. And then made out like a bandit in selling his company to HSOA. WOW! What a deal!


Federal prosecutors in Dallas on Monday ...

www.khou.com [cached]

Federal prosecutors in Dallas on Monday announced the plea by Brian Marshall of Tampa, Fla., in a scam to defraud investors in Home Solutions of America Inc. Prosecutors have recommended Marshal serve no more than five years in prison.

Marshall was a vice president and on the board of Home Solutions in Dallas before the company moved to Louisiana in mid-2008.
Prosecutors say Marshall led a subsidiary, Tampa-based Fireline Restoration Inc., and in 2006 and 2007 he fabricated financial data about construction projects.


Brian Marshall of Tampa, Fla., ...

www.wwltv.com [cached]

Brian Marshall of Tampa, Fla., is charged with fraud for allegedly causing fake business activity to be reported to investors in a publicly traded company.

...
Marshall was CEO of Fireline Restoration, a subsidiary of Home Solutions.
...
Marshall also joined with Fradella and developer Michael Samuel to try to fix up the old Market Street power plant on the New Orleans riverfront.
...
Fradella, who pleaded guilty in 2012 to bribing Nagin, is on the government's witness list to potentially testify against Marshall in Dallas next week.
...
The U.S. Attorney's Office in Dallas charged Marshall with two fraud counts last year but agreed Tuesday to prosecute him on just one count.

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