The AFS Conference Call
Reminiscent of the old ASD calls with Andy and Erma in the Web Room, there was a conference call tonight at 9 PM EST by Sheldon Drobny and his wife/partner. It was mostly informational and they detailed the fee they charged. The retainer is 10% of what you had into ASD, with a maximum of $1000. He made a point of saying he was impartial as to Andy’s guilt or innocence. His sole concern was recovering as much of the members money as possible.
During the call Mr. Drobny stated that he and his wife were retired, and are only doing this recovery project at the request of a “large group of ASD investors”. He used the term “investor” several times, which I thought was humorous. He also said within this group of ASD members was someone who had the ASD member database, which is why we all got an email from AFS.
Mr. Drobny stated that should someone’s claim be denied, AFS would file an appeal. Should that fail, the fees would be returned. One woman caller kept asking him if he could put all of this in writing, which he kept telling her, no, he could not guarantee anything as he was at the whims of the “government”. It almost sounded like he was trying to make Rust Consulting sound like some arm of the DOJ/Secret Service, and that they would not help anyone with the claims forms or process. That is why you need him to do things for you. Sort of falls in line with the email he sent out to the ASD membership.
Too bad Bob Guenther never got his hands on the database, he was willing to pay good money for it.. LOL
One caller asked why the remission process was going forward even before the Appeals case was decided. Mr. Drobny replied that in his opinion, there is certainty the Appeal will be denied. He said he had read up on the case information and believed it’s a matter of time until the Appellate court upholds Judge Collyer’s ruling. I agree with him on this point.
Of course one caller had to mention that we were told never to call things an “investment”, they were “advertising”. Even today, it still sounded stupid. Regardless of what anyone said to call things, it was an investment. And, Andy already has 2 felony convictions for selling unregistered securities. Why not go for 3?