I believe that Greg Rich somehow got control of the "Loar" name back when he was working at Gibson in the banjo department.
wasn't interested at the time, so Rich
is either directly involved in the production of "The Loar" mandolins, or if not, that they are being made under his
also got control of the "Recording King" name, again which may have been because Gibson
wasn't interested in it.
done very nice things with the Recording King line of banjos and guitars (the latter of which I've seen Big Joe Vest speak very highly).
did anything "underhanded" or not, I can't say.
doesn't seem to be a member here, although he
does post frequently over at banjohangout.org.