Detroit Free Press (Free subscription) | 10/30/2009
... which led to his resignation. To date, the full amount of the loan remains outstanding.”Peter Karmanos Jr.'s statementTogether with other concerned citizens, I made a personal loan to former Mayor Kilpatrick last year so that we could encourage him to resign. We were concerned about the city, and we wanted to help care for his family until he could get back on his feet. At this time...
Detroit Free Press (Free subscription) | 10/29/2009
... which led to his resignation. To date, the full amount of the loan remains outstanding.”Peter Karmanos Jr.'s statementTogether with other concerned citizens, I made a personal loan to former Mayor Kilpatrick last year so that we could encourage him to resign. We were concerned about the city, and we wanted to help care for his family until he could get back on his feet. At this time...
kansascity.com (Free subscription) | 11/18/2009
DETROIT An attorney for Compuware Corp. testified Tuesday that ex-Detroit Mayor Kwame Kilpatrick did not sign a promissory note on a $240,000 loan until IRS and federal agents asked to see the documents.
Kilpatrick received an initial $150,000 payment on the loan from Compuware Chairman and CEO Peter Karmanos and three other top business executives Feb. 4 and a second $90,000 installment...
ABC News (Free subscription) | 11/18/2009
Font Size Share this story with friendsAn attorney for Compuware Corp. testified Tuesday that ex-Detroit Mayor Kwame Kilpatrick did not sign a promissory note on a $240,000 loan until IRS and federal agents asked to see the documents.Kilpatrick received an initial $150,000 payment on the loan from Compuware Chairman and CEO Peter Karmanos and three other top business executives Feb. 4...
Seattle Times (Free subscription) | 11/18/2009
DETROIT — An attorney for Compuware Corp. testified Tuesday that ex-Detroit Mayor Kwame Kilpatrick did not sign a promissory note on a $240,000 loan until IRS and federal agents asked to see the documents.Kilpatrick received an initial $150,000 payment on the loan from Compuware Chairman and CEO Peter Karmanos and three other top business executives Feb. 4 and a second $90,000 installment...
Seattle Post-Intelligencer (Free subscription) | 11/18/2009
... received an initial $150,000 payment on the loan from Compuware Chairman and CEO Peter Karmanos and three other top business executives Feb. 4 and a second $90,000 installment in June, but only signed a document about paying them back following the Aug. 10 visit by agents, said Dan Follis, general counsel for the Internet technology giant.Karmanos, Roger Penske, Jim Nicholson...
Detroit Free Press (Free subscription) | 11/17/2009
... Kilpatrick received at least $150,000 in loans from the four executives.Lawyer: IRS, FBI visited Karmanos about loan4:40 p.m. | The IRS and FBI visited Peter Karmanos in August to examine documents related to the $240,000 loan to Kilpatrick, according to Follis' testimony. He further said there was no promissory note requiring Kilpatrick to repay the loans at the time.Follis...
Detroit Free Press (Free subscription) | 11/18/2009
... Follis, the Compuware corporate counsel, who is being questioned about the $240,000 loan his boss, Peter Karmanos Jr., helped shepherd for Kilpatrick.Kilpatrick in court1:37 p.m. | Kilpatrick, looking dapper in a black pin-striped suit and black and yellow striped tie, just walked in and we’re ready to go.Hearing set to begin1:34 p.m. | Hi, everyone. Jim Schaefer here. I’ll be your...
Detroit Free Press (Free subscription) | 11/08/2009
... in restitution to the city," the mayor admitted that businessmen Matty Moroun, Roger Penske, Peter Karmanos, Jim Nicholson and Dan Gilbert provided him $290,000 in "gifts" or loans. One cannot help but think that their goal was to protect themselves and their interests at the expense of the people of Detroit and the needs of these people.
CNNMoney.com (Free subscription) | 11/11/2009
... figure in Detroit, thanks lately to his plan from the suburbs to downtown Detroit.Compuware CEO Peter Karmanos, racing mogul Roger Penske, PVS Chemicals chief Jim Nicholson, and Gilbert were the generous patrons who promised -- and later delivered -- a $240,000 personal loan to the former mayor, most of it paid as he left jail last February, but promised in August 2008, a month before...
Detroit Free Press (Free subscription) | 10/30/2009
... to the city," the mayor admitted that identified businessmen Matty Moroun, Roger Penske, Peter Karmanos, Jim Nicholson, and Dan Gilbert provided him $290,000 in "gifts" or loans. One cannot help but think that their goal was to protect themselves and their interests at the expense of the people of Detroit and the needs of these people.
The "D" Spot (Free subscription) | 11/02/2009
... than a quarter-million dollars from four of the region’s most prominent businessmen (Compuware’s Peter Karmanos Jr., Quicken Loans’ CEO and Rock Financial Founder Dan Gilbert, automobile mogul Roger Penske, and PVS Chemicals President and CEO Jim Nichols), plus Ambassador Bridge owner Matty Maroun who took ‘pity’ on the poor, downtrodden Kilpatrick clan and gave Carlita Kilpatrick...
Detroit Free Press (Free subscription) | 11/02/2009
... far better ways to make piles of cash, like being the ex-mayor of Detroit and having friends like Peter Karmanos, Dan Gilbert, James Nicholson and Roger Penske.That's a joke. But I have to admit, playing the lottery does offer a small diversion to all the crazy stuff in the news.If I had a million dollars, we wouldn't have to eat Kraft Dinner. But we would eat Kraft Dinner. Of course...
Detroit Free Press (Free subscription) | 10/30/2009
... • In February, Kilpatrick got a $240,000 loan from racing magnate Roger Penske, Compuware CEO Peter Karmanos, chemical magnate Jim Nicholson and Rock Financial founder Dan Gilbert. Kilpatrick has yet to pay back the loan. • Kilpatrick took the stand under orders from Judge David Groner, who questioned him about his personal finances. Prosecutors also pelted Kilpatrick with queries...
Detroit Free Press (Free subscription) | 10/30/2009
... • In February, Kilpatrick got a $240,000 loan from racing magnate Roger Penske, Compuware CEO Peter Karmanos, chemical magnate Jim Nicholson and Rock Financial founder Dan Gilbert. Kilpatrick has yet to pay back the loan. • Kilpatrick took the stand under orders from Judge David Groner, who questioned him about his personal finances. Prosecutors also pelted Kilpatrick with queries...
