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This profile was last updated on 11/22/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Brian M. Marshall

Wrong Brian M. Marshall?

President

Local Address: Florida, United States
Initech Restoration, Inc.
 
Background

Employment History

Board Memberships and Affiliations

60 Total References
Web References
BB&T seizes Brian ...
tampabay.bizjournals.com, 9 April 2010 [cached]
BB&T seizes Brian Marshall's yacht, seeks Ferrari and Bentley
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Marshall, founder of defunct Fireline Restoration Inc. and its successor Initech Restoration Inc., placed eight of his companies in Chapter 11 bankruptcy in November, including Initech Restoration, Marshall Investments LLC, Marshall Aviation LLC, MTM Enterprises Inc., Unit 308 LLC, North A Properties LLC, BMJC LLC and Villas of Tampania LLC.
He plans to give real estate he owns to BB&T to pay off his debt and then continue to operate Initech Restoration, said his bankruptcy attorney, Richard McIntyre of McIntyre Panzarella & Thanasides.
Marshall has given other property to BB&T, including two waterfront condos in Bellair, a townhome site in Apollo Beach, a townhome site on Himes Avenue and another townhome site on Lois Avenue.
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Marshall started Initech Restoration in February 2008 - the same month he resigned as a director at Home Solutions of America Inc. amid allegations the public company had issued bogus press releases to push up the stock price.
Two years earlier, he'd sold his Tampa-based firm, Fireline Restoration Inc., to HSOA, then based in Dallas, in a deal said to be worth up to $50 million, including 4 million shares of HSOA's stock. He'd founded his disaster restoration company 10 years earlier, and he claimed revenue of $21 million in the first six months of 2006, according to a filing with the U.S. Securities and Exchange Commission.
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In the same year Home Solutions bought Fireline, Marshall, Gingrich and Davis allegedly booked more than $9 million of fake revenue on undisclosed, related-party transactions between Fireline and other companies controlled by Marshall, the SEC lawsuit said.
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In the same year Home Solutions bought Fireline, Marshall, Gingrich and Davis allegedly booked more than $9 million of fake revenue on undisclosed, related-party transactions between Fireline and other companies controlled by Marshall, the SEC lawsuit said.
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Marshall hasn't yet resolved the civil issue, court records show.
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McIntyre, Marshall's bankruptcy attorney, contends Marshall never benefited from the run-up in prices and that HSOA still owes him millions of dollars for Fireline Restoration.
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"Our contention is Mr. Marshall had a good, strong company.
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Marshall "never profited from any pumping and dumping," McIntyre said.
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BB&T seizes Brian Marshall's yacht, seeks Ferrari and Bentley
...
www.sec.gov, 12 Dec 2006 [cached]
0001371942 Marshall Brian 1500 DRAGON STREET SUITE B DALLAS TX 75207 1 0 0 0
Brian M. Marshall was named ...
www2.tbo.com, 2 Dec 2009 [cached]
Brian M. Marshall was named president of Home Solutions of America Inc. in 2006. The company was based in Dallas and had bought a company he founded, Tampa's Fireline Restoration Inc.
Vista Royale - Reports
www.burdhouse.net, 31 July 2006 [cached]
Brian Marshall, president of Fireline, is expected to remain with the company after the acquisition and become a member of Home Solutions' board of directors, a release said.
"The acquisition of Fireline provides the scale necessary to participate in projects with significant size, especially in the rebuilding areas of Florida, Louisiana, Mississippi, and Texas," Marshall said in the release.
The Securities and Exchange ...
tampabay.bizjournals.com, 30 Nov 2009 [cached]
The Securities and Exchange Commission charged Home Solutions of America Inc.'s former executives Frank Fradella, Jeff Mattich and Tampa businessman Brian M. Marshall with fraudulently inflating the stock price to reap financial rewards.
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Marshall, founder of Fireline, became a director and president of Home Solutions, which has been based in New Orleans since July 2008.
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Fradella, Mattich, who was chief financial officer, and Marshall "engaged in a series of revenue-inflation schemes, booking millions of dollars of bogus revenue by invoicing and recording receivables on work that never occurred," states the SEC.
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Marshall is accused of engaging in a separate revenue-inflation scheme at Fireline by booking more than $9 million of fake construction revenue from undisclosed, related-party contracts with entities he controlled, said the SEC.
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Even before Home Solutions acquired Fireline in July 2006, Marshall allegedly assisted Home Solutions in generating bogus revenues by awarding a contract to HSOA to perform work on Vista Royale, a Vero Beach condominium project on Florida's east coast damaged by a hurricane, the SEC said.
Home Solutions never performed work on Vista Royale, yet it sent $8.4 million in invoices to Marshall, according to the SEC complaint. Based on those invoices, HSOA recorded $8.4 million in bogus revenue for the second quarter of 2006.
In turn, Home Solutions sent checks for about $2.7 million to Marshall for subcontractors that reportedly worked on Vista Royale, states the complaint. About $1.3 million was paid to entities controlled or managed by Marshall.
Beginning in December 2006, Marshall began a scheme to inflate Fireline's revenue by causing private companies he controlled to enter into contracts for construction work. He then directed Fireline Vice President Thomas Davis and other employees to create documents and make accounting entries to make it appear Fireline was performing the work, states the complaint.
During 2006 and 2007, Marshall caused Fireline to enter into at least 10 related-party contracts, including a $4 million contract for the construction of Marshall's home.
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To perpetuate the scheme, Marshall had Craft, his partner at Craftmar Construction, provide a false confirmation letter of the work to KMJ Corbin & Co., HSOA's accounting firm, the complaint states.
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Marshall, Fradella and Mattich are charged with violations of the antifraud, reporting, books and records and internal control provisions of the federal securities laws.
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