The owner of a Maui financial services loan company filed for personal bankruptcy the same day as his company, claiming nearly $23.8 million in unsecured debt.
Lloyd Y. Kimura’s Chapter 7 filing late last month came on the same day as his company, Maui Industrial Loan & Finance Co., also filed for Chapter 7
Much of the unsecured liability Kimura listed — $16.2 million — is duplicated in Maui Industrial Loan & Finance’s filing with the U.S. Bankruptcy Court.
The Wailuku-based firm ran afoul of state regulators last year and was ordered by state Commissioner of Financial Institutions Nick Griffin to cease taking deposits or borrowing money.
Complaint claims Kimura used account access to loot couple
By HARRY EAGAR, Staff Writer
POSTED: February 10, 2010
WAILUKU – Another creditor has filed a million-dollar lawsuit against Wailuku certified public accountant Lloyd Kimura. Unlike previous claims, this one also names his accounting firm, Lloyd Y. Kimura CPA.
Kimura filed for bankruptcy two weeks ago, listing debts of about $23 million. His wholly-owned industrial loan company, Maui Finance, also filed for bankruptcy.
Among the creditors in both bankruptcies were Ronald and Miriam Jacintho, owners of Rojac Trucking, Rojac Construction and Jacro Lowbed Services, who were listed as $1 million creditors of Maui Finance. In their lawsuit filed earlier this month in 2nd Circuit Court, they claim their losses were higher, although the complaint did not disclose the total.
This complaint, filed for the Jacinthos and their Dairy Road Property LLC by attorney Lyle Hosoda, differs from other lawsuits by also alleging that Kimura, as their accountant, had access to their accounts and looted them.
By BRIAN SKOLOFF
The Associated Press
Thursday, February 4, 2010; 11:05 AM
WEST PALM BEACH, Fla. — Sharks killed a kiteboarder off South Florida’s Atlantic coast in the state’s first deadly shark attack in five years, authorities said.
A lifeguard spotted Stephen Howard Schafer, 38, in distress about 500 yards off the beach Wednesday. When he paddled out, he found Schafer bleeding and surrounded by several sharks. Schafer was taken to a hospital and died a short time later, according to Rhonda Irons, public information officer for the Martin County Sheriff’s Office.
WAILUKU – Certified public accountant Lloyd Kimura is facing a flood of lawsuits for unpaid loans, foreclosures and for claims of mismanagement by buyers of a commercial condominium he developed and managed in the Wailuku Industrial Park.
Neither Kimura nor his lawyer, Phil Lowenthal, returned phone messages seeking comment.
In November, the state Division of Financial Institutions ordered Maui Industrial (also known as Maui Finance, or MILFCO) to stop taking deposits. Kimura has owned and managed Maui Finance since 1969.
UNDER THE SUN
POSTED: 01:30 a.m. HST, Jan 03, 2010
Now comes a study suggesting that early Hawaiian agriculture was vast and substantially more complex than previously known, implying that what was grown fed a population of perhaps a million people, which is about the present occupancy of Hawaii.
Samuel M. Gon III was clearly excited by the findings of a team of researchers and scientists from noted institutions.
"If a million mouths could be fed back then, this points to a future where we can wean our reliance on food from the outside world," said Gon, who as senior scientist with The Nature Conservancy in Hawaii participated in the study.
ASA, CSSA, SSSA to present awards in Pittsburgh
October 7th, 2009
The American Society of Agronomy (ASA), Crop Science Society of America (CSSA), and Soil Science Society of America (SSSA) will recognize the following individuals during the scientific societies’ Annual Meeting in Pittsburgh, PA, www.acsmeetings.org, on November 1-5, 2009. The annual awards are presented for outstanding contributions to education, national and international service, and research.
Recipients: Crop Science Society of America Award
James L. Brewbaker, University of Hawaii – Seed Science Award.
James L. Brewbaker has served as a plant breeder and geneticist for the University of Hawaii Department of Tropical Plant and Soil Science since 1962. He received a Ph.D. from Cornell University in plant breeding and has served as a visiting scientist in nine countries. His research is on the genetic improvement of tropical crops, with a focus on maize and tropical leguminous trees. He also founded Hawaii’s Crop Improvement Association and Hawaii Foundation Seeds, where he serves as director.
September 15, 2009 – Hilo, Hawaii Hawaii County Mayor Billy Kenoi took a moment last Friday to talk about the challenges facing the Big Island economy, and how it will impact next year’s county budget.
According to a news release, Kenoi told his county staff on Monday at a meeting to kick off budget preparations that "deep and painful budget cuts will be necessary to carry the county through the next fiscal year". The county says its facing a $44.8 million hole in next fiscal year’s budget, which combines $33.8 million less in projected revenues and $11 million more in projected expenses.
“We’ve never faced what we face today,” said Mayor Kenoi in Monday’s media release. “Which means we’ve got to take steps that we never took before,” to make government more efficient and reduce county spending.