Governor French Academy files another suit alleging fraud in copier lease: Marlin Leasing

Ok - some people have enough problems with a single lease, but 3 in three years?

Just asking for trouble.

This is a re-print of full article, here.

8/11/2009 9:10 PM
By Kelly Holleran

A St. Clair County company has filed a second suit this year over allegations another business should have known of a man's attempts to defraud it out of money.

Governor French Academy filed a lawsuit Aug. 5 in St. Clair County District Court against Axis Capital.

The suit is nearly identical to a June 29 complaint GFA filed against Marlin Leasing.

In both complaints, GFA claims a man named Kevin Welch solicited leased copiers and printers to the company.

GFA entered into an agreement with Marlin Leasing in September 2005 to lease the equipment, according to the August complaint.

Later, the company entered into an equipment lease agreement with Axis in August 2006, the suit states. Welch claimed any money paid to Axis would be used to pay off debt GFA owed to Marlin Leasing, the company contends.

Again, GFA entered into another lease agreement with CIT in June 2008, in which Welch represented that a portion of funds paid to CIT would be used to pay off the Axis debt, the complaint says.

"In the spring of 2009, GFA began receiving bills for the lease payments related to Lease 2," the suit states.

When GFA contacted Axis to say that its payments toward Axis were supposed to also be going to Marlin, the company informed GFA it was still liable on the Marlin lease, according to the complaint.

"Welch entered into and promoted a scheme of transactions with GFA wherein Welch would make a lease with GFA through a financing company such as defendant, who then became lessor to receive payments from GFA," the suit states. "In each succeeding lease Welch represented to GFA that the monies received from the negotiations of a new succeeding lease would be used to pay off the balance of the prior lease, so that at all times, GFA would have only one lessor. Upon information and belief, Welch used the proceeds from the old leases for his own use, and not to pay off previous leases as represented."

Axis knew, or should have known, of Welch's fraudulent scheme, but failed to warn GFA of it, the company contends.

GFA is seeking a judgment of more than $50,000, plus other relief the court deems just.

Kevin J. Stine of Mathis, Marifian, Richter and Grandy in Belleville will be representing it.

St. Clair County Circuit Court case number: 09-L-410.

Death of the Copier Quoted Over At The Business Transformation Center

"For decades the printers were sold as a commodity, if not an oddity. And trying to mix 'copier guys' selling with 'IT guys' order-taking is a cultural challenge. But separating and allowing the managed print service provider to stumble and grow seems to be working. As well as establishing 'legitimacy' with the propeller-heads of the IT world."

Thanks, Greg. I like the way you put that.

Go on over and check it out, here.

Managed Print Services Market to Be More Than $50B by 2013: Photizo

Latest Managed Print Services Data: HP Takes Top Spot from Xerox in Global MPS Market Share

PRESS RELEASE:

New Photizo Group Forecast Signals Dramatic Expansion in MPS Market

Lexington, KY (PRWEB) August 14, 2009 --

The new 2009 Managed Print Services (MPS) Market Forecast from Photizo Group reveals a rapidly developing market with dynamic top-level changes in market share. The 2009 MPS global forecast describes a robust segment undergoing tremendous growth. The latest report projects the market will be more than $50B by 2013, and more than 50 percent of all devices will be under MPS contract. The data indicated that HP had overtaken Xerox as leader in the global MPS sector in 2008, with a 34 percent share of global market.


The Photizo Group specializes in research and analysis of the Managed Print Services market. The annual MPS Market Forecast Report is becoming the de facto standard for analysis of this rapidly evolving sector. Photizo defines MPS as the outsourcing of hardcopy devices (printers, copiers, faxes, and MFPs), including all aspects of management, servicing, and on-going maintenance. The MPS Forecast and Share Report covers both programs offered directly from manufacturers and those offered through channel partners.

This is groundbreaking information for MPS watchers. The dramatically shifting position at the top demonstrates how aggressively companies are pursuing MPS market share. No one with any interest in MPS can afford to sit on the sidelines, simply guessing what is going to happen.

Managed Print Services is one of the fastest growing segments of the enterprise printing industry in today's economy.

This report from Photizo acknowledges and validates HP's focus and commitment to be the leader in the MPS market.

Total Manufacturer MPS Revenue in millions (USD):

Historical data


* 2006 - $9,473
* 2007 - 13,811
* 2008 - 20,346


Revenue forecast


* 2009 - $25,764
* 2010 - 32,643
* 2011 - 40,593
* 2012 - 49,253
* 2013 - 59,678

Europe To Be Largest MPS Market By 2013

The forecast is updated annually and provides historical and forecast data for North America, Europe, Asia and Latin America. The global forecast cuts through the flux in market geographies and provides strategic planners with useful data for pursuing the most profitable regions for MPS. Although today the United States is the largest geography for MPS, significant changes are expected, with a new number one geography appearing by 2013. While Asia is the fastest growing, Europe will become the largest MPS market by 2013.

Companies pursuing an MPS strategy can gain an advantage by arming themselves with the most accurate, current data about this market. "This is groundbreaking information for MPS watchers. The dramatically shifting position at the top demonstrates how aggressively companies are pursuing MPS market share. No one with any interest in MPS can afford to sit on the sidelines, simply guessing what is going to happen," said Ed Crowley, founder and CEO of the Photizo Group. To assist MPS vendors, channel partners and other decision makers, Photizo is making a summary of the report available immediately at no charge.

"Managed Print Services is one of the fastest growing segments of the enterprise printing industry in today's economy," said Tom Codd, Director, Enterprise Marketing, Imaging and Printing Group, HP. "This report from Photizo acknowledges and validates HP's focus and commitment to be the leader in the MPS market."

For more information about the 2009 MPS Market Forecast Report, and to obtain the free report summary, visit http://www.managed-print-services.com/forms/forecast_info.html.