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Sent to a friend EOS Private Equity (AKA EOS Partners) an investment firm in NY, NY bought Silver State Helicopters (SSH), the largest helicopter flight training school in the world, and then a few months later, after allowing SSH's CEO Jerry Airola and his friends embezzle millions from the student's funds, filed for Chapter 7 Bankruptcy.This left over 2700 students across the country with huge student loans and nothing to show for it. Thousands of lives have been destroyed by the actions of EOS. They sit in their luxury offices on Park Ave in NYC counting their profits from ruining the lives of and crushing the dreams of thousands of would-be helicopter pilots.
Either EOS Partners are the stupidest investors in the world or they are the most dishonest and devious. They either knew all along they were going to shut the doors of SSH and still took new students and collected tuition payments up to the day the doors closed Feb 2008 or they were clueless... You do the math. Are they a firm that makes horrible and stupid investments or are they crooked?
The lenders, Key Bank, CIT, Student Loan Express (SLX) all used unscrupulous and unconscionable lending practices under the 'watchful eye' of this so-called professional investment firm. Did EOS know about the dishonest lending practices? Of course they did. If they claim ignorance now, I would warn anyone NOT to do any business with EOS because they obviously don't research the companies in which they invest your money.
Which is it EOS? Are you crooked or are you stupid? We may never know because nobody at EOS will answer letters, e-mail nor will they return phone calls. What are they hiding from? Hiding because they know they ripped off thousands of students and their families or hiding because they made a stupid, ignorant investment and lost millions of dollars for their clients?
Here are your Crooks/Idiot Investors at EOS Private Equity/EOS Partners:
Professionals
Steven M. Friedman
Brian D. Young
Mark L. First
Samuel B. Levine
Simon A. Bachleda
Adam S. Gruber
Brendan M. Moore
Jason W. Pike
Stenning K. Schueppert
Nirav P. Shroff
Finance/Operations
Beth L. Bernstein
Matthew J. Stern
Frank C. Moy
Do we trust them to knowingly rip off thousands of innocent people to make a few bucks for investors or do we avoid them like the plague knowing they are the dumbest investment company in the USA?
What say you, Steven M. Friedman, et al?
http://www.eospartners.com
Posted 2 years ago
Rating:4.81
Comments
- Let's not forget these employees of EOS:
Investment Team
Matt Meehan
Brian Dubin
Stephen Kampf
Matthew Ragsdale
David Van Steenkiste
John Keh
Michael Schott
Jed Walsh
Qinghua Guo
Daniel H. Lerner
Tom Moran
Senior Advisor
Steven M. Friedman
Operating Partner
Robert Geiger
Investor Relations
Nathalie Klein
Finance/Operations
Beth L. Bernstein
Marc Grossman
Frank C. Moy
Jay Appel
Peter J. Park
Jared Pondelik
Posted 2 years agoReport - Here are a few questions that beg to be answered:
Why is EOS trying to stay under the radar?
Why did they only settle with the GA victims of Silver State Helicopters?
What about their Shareholders, why aren't they filing a shareholder class action?
Why is EOS still in business?
Okay so we don't know these answers but I tell you what we do know:
Include EOS and this information in all the letters that are being written to:
-The FBI
-The FTC
-The FDIC
-The Senators and Representatives
-The media
-The Office of the Controller of Currancy
-The Attorney Generals, hey now we should file with the New York Attorney General since that is where EOS is based.
Something is not right here with EOS, why would they purchase SSH and then make it go Belly up shortly there after? Why did they continue to hold seminars after Randy Rowles told them the school was a hoax?
EOS is as much to blame as SLX and Jerry Airola.
Posted 2 years agoReport - Who are the investors in this scam of a company?
They need a good lawyer to help them recoup some of the funds they lost, or was that the plan to have a tax writeoff at the student's expense?
Posted 2 years agoReport - To EOS it was a tax write off for sure.
Posted 2 years agoReport - Hmmm.
I just looked at the folks who are running this company and there sure seems to be a CITIBANK connection. Perhaps these folks convinced EOS that if CITI was involved that perhaps EOS would be safe.
Steven M. Friedman
Steve is a Managing Partner of Eos.
Prior to co-founding Eos in 1994, he was a General Partner at Odyssey Partners L.P., which he joined in 1983. Steve and Mr. Young were the partners responsible for Odyssey's private equity business. Before joining Odyssey, Steve was a vice president at Citibank, N.A. in leveraged finance.
Steve has an A.B. and M.B.A. from the University of Chicago and a J.D. from Brooklyn Law School
Jason W. Pike
Jason is a Vice President of Eos.
Prior to joining Eos, Jason was a Senior Vice President within the Citi Cards Division of Citigroup. Previously, Jason was an Associate at Generation Partners, a Connecticut-based private equity firm and an investment banker at Goldman, Sachs & Co.
Jason has a B.S. and M.B.A. from The Wharton School at the University of Pennsylvania.
But then I looked at the Finance/Auditing team
Beth L. Bernstein
Beth is the Chief Financial Officer at Eos.
Prior to joining Eos in 1994, Beth was the senior financial officer of several broker dealer and investment advisors and was responsible for all accounting, financial management and compliance services. Beth was a senior accountant at Coopers & Lybrand from 1982 to 1986.
Beth has a B.S. from Fairleigh Dickenson University and is Certified as a Public Accountant in New York and New Jersey.
Matthew J. Stern
Matthew is the Controller at Eos.
Prior to joining Eos in 2007, Matthew was an experienced senior associate at PricewaterhouseCoopers LLP in the alternative investment funds audit group from 2003 to 2007.
Matthew has a B.B.A. in accounting from Siena College, an M.B.A. from the Graduate Management Institute of Union College and is also Certified as a Public Accountant in New York.
Frank Moy
Frank Moy is the Director of Operations for Eos Partners.
Prior to joining Eos in 2000, Frank was a client service associate in Morgan Stanley's prime brokerage department, after participating in the firm's management training program, from 2000 to 2006.
Frank has a B.S. in finance and marketing from the Leonard N. Stern School of Business at New York University.
With the combined experience and the Big 8 Accounting firm experience, there is no way that these guys made a MISTAKE. It sure looks like they did this on purpose.
Right?
Posted 2 years agoReport - I suggest that the former SSH Students, file with the Attorney General's Office in NY against EOS.
Posted 2 years agoReport - Wow, imagine that, Steven M. Friedman has a connection to Citibank. sounds like a familiar tune is being played here. How much $$ do you think EOS scooped off the top before they filed for BK?
New York Attorney General - HERE COME YOUR COMPLAINTS!!! Hope your investigations department is ready.
Posted 2 years agoReport - It appears that Steven M. Friedman is also the Chairman of the Park Avenue Synagogue in NYC. I wonder if the parishioners there are aware of the unscrupulous business practices of the company he is a Senior Advisor for...EOS.
Posted 2 years agoReport - I am a former SSH student and am still living this nightmare! I really appreciate this website allowing us to keep this in the spotlight. How these companies are able to do this is amazing. SSH was such a ponzi scheme (in hindsight). We has NO CONTROL over the disbursement of our loans nor did we get the training and employment we were promised. No more than 3 months after hearing about the school and signing up, nearly $70,000 was disbursed in MY name to SSH. I go in to the school for a helicopter flight that Monday morning and there were police officers there saying it had been shut down...
Please, if you are a former student, PLEASE PLEASE dont stop writing and keeping this in the spot light...
Posted 2 years agoReport - Vote 5, Vote 5, Vote 5
It is the best score.........
Posted 2 years agoReport - Vote 5, Vote 5, Vote 5
It is the best score.........
Posted 2 years agoReport - Seeing the post about Steven M Friedman and being the Chairman of the Park Avenue Synagogue in NY reminds me that we should also be adding this to TOPIX.
Does anyone remember when Jerry Airola was in the news in TX for coaching his son in wrestling? Folks posted their comments to that website and a friend actually lives in the same town as JA and they said it was funny to see the townsfolk laughing.
I looked at TOPIX for this town in Texas yesterday and there was a story about the new business in town, gender benders for sale, and all of a sudden I was recalling all of the Jerry and Topper jokes that used to float around on Just Helicopters forum.
:) but I digress......
So what about Topper?
And what about all of the other execs of SSH (I use that term losely) what connection did they have with EOS, someone had to be in bed with someone....Wink/wink...to put this type of a deal together.
There is just no way that EOS got caught with their pants down on this, they must have had a motive to do what they did. Randy Rowles has repeatedly gone on record saying that he told EOS it was all a scam and they kept holding seminars and signing up students anyway, and accepting the funds from the lenders.
Does anyone remember those students that had their funds paid to SSH the same week they went bellyup?
Vote 5, vote 5, vote 5
Posted 2 years agoReport - EOS Investors please step forward and help make this situation right.
You can squeal on EOS and why they did what they did, or you can tell us how you were taken as investors. One way or another the truth has got to come out.
Posted 2 years agoReport - Randy Rowles - What more do you know about the EOS/SSH/Citi connection?
Posted 2 years agoReport - Something tells me EOS had some very close contacts at SSH. Doubt they will come forward.
We will uncover the truth in our tireless efforts to seek justice for all of the shafted students and their families.
Don't forget all the co-signors to those loans. They are suffering too.
Posted 2 years agoReport - And what about Topper? Is he too busy enjoying his millions with JA? I heard stories about JA taking money to buy sports cars for friends (FOJ) and instructed his accounting staff to shut up about it.
These are stories we need to get from the source. Anyone know for a fact these happen, please tell your story - give Depositions to the attys in the class action suit.
Posted 2 years agoReport - Bring the fight. Everyone send complaints to the NY Attorney General on EOS Partners EOS Private Equity:
120 Broadway # 4
New York, NY 10271
(212) 416-8000
Consumer Helpline: 1-800-771-7755
Posted 2 years agoReport - EOS should be ashamed. can they really be that stupid or are they truly crooked? EOS, come and defend yourself.
Posted 2 years agoReport - This is a real issue. When EOS, SLX, Key Bank, CIT and SSH can come in and just rape thousands of people across the USA of their dreams and future earnings. What will be left once other companies jump on this bandwagon and do the same. From all that I have read, it seems that lenders of Private Student Loans have made this activity standard practice.
TIME TO STOP THIS PRACTICE.
Posted 2 years agoReport - Yeah, it appears that CIT and SLX make it standard practice to hose students. There are other law suits against these lenders and Key bank for their predatory lending activities.
Also, check out the class action that the Plumbers & Pipefitters Union took against Citi for failure to disclose the student loan fiasco (specifically SSH) to it's shareholders!!!
Dirty and underhanded.
Posted 2 years agoReport - Keep up the letter writing. I heard that Donna and cameron are working on a quick reference docuemtn with all of the places we need to write and letters to use as templates.
Thanks for all you are doing!
Posted 2 years agoReport - Rock on! Stay involved. Don't give up.
Posted 2 years agoReport - Wow! It really makes me happy to see that so many people are still involved in this fight. Motivates me. I look forward to getting that stuff from Donna so i can start writing letters again!
Thanks!!!
Posted 2 years agoReport - Let's keep this thing going. Count me in. I got an email from Donna yesterday and she wants all of us to make sure we have updated email and home address. Even if you have an attorney, Donn and her crew are doing other things that are helping the lawyers so they need to be able to contact us.
Posted 2 years agoReport - I heard SLX was going to offer a settlement based on hour hours, in flight instruction & ground school.
Why would they do that? Out of the kindness of their hearts? BS!! There's no way. The sharholders would be pissed. If these loans are on the up-and-up, then why would they expect anything less than 100% payment?
In a legal battle, you settle when you know you haven't got a chance to win so you go after as much as you can get.
I think SLX is going to try to settle, make it look like they are doing right by the students when in all actuality the loans are bogus just like it says in these posts.
Don't tell anyone your hours. Don't confirm or deny your hours!! Save your log books. Those are the official record of your flight time.
Posted 2 years agoReport - We should all follow up with our local news stations on this. There is talk of trying to get it on shows like Dateline, 20/20, etc... Since it is so big, CIT took TARP funds and there is so much entanglement between CIT, Key, SLX, SSH & EOS personnel. I am sure it would be an interesting story to get on one of these new programs. We should all write to them.
Donna & Cameron, when you make that docuemtn that is mentioned earlier about how to contact people, can you include 60 minutes, 20/20, Dateline?
Posted 2 years agoReport - Hey, maybe we can get a response from EOS Partners thru their www.linkedin.com account.
Popular Profiles at Eos Partners
Marc Grossman, Controller
Jason Pike, Vice President
Frank Moy, Director of Operations
Adam Gruber, Principal
Stenning Schueppert, Principal
Posted 2 years agoReport - Very nice!!!
Posted 2 years agoReport - I was a student out of the Sacramento school I appreciate all that is being done to vidicate us.
Posted 2 years agoReport - We should all follow up with our local news stations on this. There is talk of trying to get it on shows like Dateline, 20/20, etc... Since it is so big, CIT took TARP funds and there is so much entanglement between CIT, Key, SLX, SSH & EOS personnel. I am sure it would be an interesting story to get on one of these new programs. We should all write to them.
Donna & Cameron, when you make that docuemtn that is mentioned earlier about how to contact people, can you include 60 minutes, 20/20, Dateline?
Posted 2 years agoReport - Gotta keep those letters and emails flowing.
Posted 2 years agoReport - There was a time when EOS actually had their investment in SSH listed on their website, GEE it isn't there anymore, I wonder why.?
We still do not believe that they didn't go into this without knowing it was going to yield their investors a writeoff.
Posted 2 years agoReport - SLX is hiding in OH, behind OH's one-sided (the company side) laws?
14th Amendment:
Section 1: All persons born or naturalized in the US, and subject to the jurisdiction thereof, are citizens of the US and the state wherein they reside. No state shall make or enforce any law, which shall abridge the priviliges or immunities of citizens of the US; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within it's jurisdiction the equal protection of the laws.
Posted 2 years agoReport - Yes, why is that? Why did EOS take SSH off their web site? HIDING??? What are yoiu hiding? Hiding a stupid investment from your backers or hiding a crooked, dirty, low-down rippoff of 2700 student pilots?
Come on EOS. Some of you are lawyers...come plead your case.
You are either for us or against us. What is it?
Posted 2 years agoReport - I agree. EOS you are either on our side or not.
WHICH IS IT?
Posted 2 years agoReport - "...justice comes to the patient. However, justice delayed is justice denied and that should be woth something..."
ED Magedson
Posted 2 years agoReport - Everyone needs to write to EOS execs and ask them what they are thinking...what do they intend to do...
Posted 2 years agoReport - Please also comment here against EOS:
http://consumercomplaints.us/?p=49#comments
Posted 2 years agoReport - EOS is guilty
Posted 2 years agoReport - EOS is guilty
Posted 2 years agoReport - EOS knew that SSH was a scam and a ponzi scheme. Testimony from Randy Rowles acknowledges that he personally told them, yet EOS continued to hold SSH seminars and solicit students. Additionally EOS drew down on the students funds after they had made a decision to file for bankruptcy and before they actually filed.
EOS has a responsibility to the former Students, just as much as Jerry Airola does.
All are guilty!
Posted 2 years agoReport - Everyone needs to write to EOS execs and ask them what they are thinking...what do they intend to do...
Posted 2 years agoReport - EOS continues to ignore the former students.
Posted 2 years agoReport
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