Maui businessman owes $23.8M following 2 bankruptcies – Pacific Business News

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.

Maui businessman owes $23.8M following 2 bankruptcies – Pacific Business News (Honolulu):

New suit over isle CPA, firm seeks millions – The Maui News

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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.

Lawsuits, foreclosures, other issues trail isle CPA – The Maui News

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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.

Maui County FCU: Membership

 

The following persons are eligible for Membership:

  • Employees of the County of Maui
  • Employees of the State of Hawaii
  • Employees of the Federal Government
  • Part-time, temporary and student help employees of the County of Maui, State of Hawaii and Federal Government.
  • Retirees, pensioners and/or annuitants of the County of Maui, State of Hawaii and Federal Government.
  • Employees of the Hawaii Government Employees Association (HGEA)
  • Members of the Maui Chartered and County Code Established Boards, Commissions and Advisory Committee
  • Elected government officials representing the County of Maui
  • Employees of Maui County Federal Credit Union
  • Unmarried spouses of persons who died while in the field of membership of this Credit Union
  • Immediate family or household members of any person listed above
  • Immediate family or household members of any primary member (first name on the account)

Also family members and employees of the following Select Employer Groups (SEG) are eligible:

  • Lloyd Y. Kimura

Maui County FCU: Membership

Lloyd Y Kimura, 96793 (watchdog.net)

 

Lloyd Y Kimura from zip code 96793

Political contributions disclosed by campaign committees to the Federal Election Commission, sorted by name, zip code and employer. The data, from the FEC, covers the years 1979 through 2008.

Candidates

Lloyd Y Kimura

$400 to Daniel Akaka, Daniel K Akaka For U S Senate on November 25, 1991

Lloyd Y Kimura, Cpa, Lloyd Y. Kimura Cpa Inc.

$250 to Mazie Hirono, Friends Of Mazie Hirono on March 30, 2006

Committees

Lloyd Y Kimura

$400 to Daniel K Akaka For U S Senate on November 25, 1991

Lloyd Y Kimura, Cpa, Lloyd Y. Kimura Cpa Inc.

$250 to Friends Of Mazie Hirono on March 30, 2006

Lloyd Y Kimura, 96793 (watchdog.net)

Employers and employees try to cope with workplace stress – Pacific Business News (Honolulu):

Accountant Lloyd Kimura lives and works on the honeymoon island of Maui.

Yet when it comes to shedding months of pent-up job stress, relief is thousands of miles away.

As many as four times a year, the Hawaii native trades his office chair for a seat inside the Indian casinos dotting the California desert.

"A week max," Kimura says of his trips to the mainland. "It forces my mind to focus on something other than work."

Employers and employees try to cope with workplace stress – Pacific Business News (Honolulu):