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August 6, 2004
Chief Wiggles Update
As I reported yesterday, the Chief is having trouble with his shipping company. Today he reports that they did send a check, but there are insufficient funds in the bank to cover it.
This morning, we received an email from Barwil, the Kuwait company who was supposed to receive the $30,000 in security deposits from Atlas Line. They informed us that a check finally arrived for $20,000. The check was a company check from Atlas and not a bank check or cashier's check. Barwil informed us that it would take at least 20 days for them to cash the check and receive confirmation of funds deposited in their account. They asked us what we wished to do.
After recieving this information, we called Bank of America as that is the bank Atlas Line wrote the check from. We explained the reciept of the $20,000 check and asked if there were funds available to cover it in the account from which it was drawn.
Bank of America informed us that there were insufficient funds to cover that amount in the account.
Today's discoveries have been passed on to our attorneys and to the Attorney Generals office of the state of Georgia.
Posted by Tom at August 6, 2004 11:49 AM
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