August 5, 2015 |
Expecting a $15 million windfall in September 2011 from a deal involving pre-IPO Facebook shares, Montgomery County businessman Timothy D. Burns agreed to buy a bayside house in Avalon for $4.6 million. When the Facebook deal did not happen as expected, Burns stole from clients of his money-management firm and another business to pay cash for the 4,380-square-foot house. Bad move. At Burns' sentencing hearing Monday in federal court in Philadelphia for the Avalon deal and other fraud totaling more than $19 million, U.S. District Court Judge Legrome D. Davis said he would give Burns credit for his role in the recent conviction of another fraudster, California-based Troy Stratos.
July 12, 2015 |
N. Leroy Kirk, 83, a lifelong resident of Broomall and a self-made businessman, died Tuesday, June 23, of complications from diabetes at Broomall Rehabilitation and Nursing Center. Known as "Le" to those close to him, Mr. Kirk was the son of Nelson L. and Katharine Lewis Kirk. A gentle man with a sense of humor, he was a birthright Quaker who lived a life "of peace and principle," his family said in a remembrance. After graduating from George School in 1950, Mr. Kirk studied engineering at Drexel University's night school.
June 19, 2015 |
Daniel Wallace Jackson, 69, of Philadelphia, a business and family man, died Saturday, June 13, of complications from pancreatic cancer at home. Born in Philadelphia, he was the son of Leonard and Julia Jackson. Early on, religion claimed an important role in his life. He was baptized at age 10 at Vine Memorial Baptist Church, and in 2011 returned to worship there. He became a deacon a year later. Known as "Brother Dan" to friends and church members, Mr. Jackson completed his primary and secondary education in the city before graduating from Howard University in Washington.
June 10, 2015 |
Alvin Davis, 78, formerly of Wynnewood, a businessman who recognized the potential of the Super Soaker and saw the toy water gun rocket to worldwide popularity in 1990 after he agreed to manufacture it, has died. Mr. Davis died Friday, June 5, from injuries he sustained in a fall while doing a repair at his summer home in Linville, N.C., his family said. Although a resident of Naples, Fla., for the last decade, Mr. Davis was born in Philadelphia. He spent his childhood in South Philadelphia and Wynnefield.
April 18, 2015 |
The alleged scheme was all about relationships. The head of a Montgomery County engineering firm wanted to win Pennsylvania Department of Transportation contracts to inspect road-maintenance and bridge-cleaning projects, investigators said. So he befriended a retired PennDot employee who had mentored the man in charge of picking the recipients of the agency's six-figure deals. For the businessman, Christopher Czop, the relationship was lucrative, investigators said, with his firm securing more than $800,000 in contracts and him paying himself at least $200,000 annually.
April 8, 2015 |
As South Florida investor Glenn Straub takes over the bankrupt Revel Casino Hotel in a deal scheduled to close Tuesday, he brings something to Atlantic City that has been in short supply: Cash. Last week, just days before his expected purchase of Revel for $82 million, Straub put $26 million into escrow for another possible deal, acquiring the former Showboat casino from Stockton University. But the 68-year-old native of Wheeling, W. Va., also brings a no-holds-barred business style that has left many deeply embittered by their encounters with the serial buyer of distressed properties such as country-club developments, golf courses, and yachts.
February 14, 2015 |
Peter Beckett Pakradooni, 75, of Wynnewood, a businessman and contributor to fraternity life in Philadelphia, died Wednesday, Feb. 4, at Lankenau Hospital of heart failure. Mr. Pakradooni worked in his family's business, International Printing. The business was started in Old City by his grandfather, Haig H. Pakradooni Sr., the Persian consul in Philadelphia. When the firm closed in 1983, the younger Mr. Pakradooni joined Packard Press in Philadelphia, and later, Smith-Edwards-Dunlap Co., where he was vice president until his death.
January 22, 2015 |
Thomas J. Carbine, 96, of Ardmore, a decorated World War II pilot who later became president of an enameling company and the father of 12 children, died Sunday, Jan. 11, of an intestinal ailment at ManorCare King of Prussia. Mr. Carbine was president of the Quaker City Japanning & Enameling Co., a metal finishing firm at Third Street and Girard Avenue. He sold the building and gradually wound down the firm's operations a while ago. Born in Narberth, Mr. Carbine graduated from St. Joseph's Preparatory School and earned a bachelor's degree in philosophy from Villanova University.
January 20, 2015 |
From a curved corner property on Passyunk Avenue, his windows packed with merchandise and signs promising to make men look better "if you let us," Abe Mandel has sized up a great many people over the years. Usually, it's to get them into the best-fitting slacks or most flattering shirts. Lately, his focus has been on three men in particular, to determine whether they are the right fit to succeed him at the helm of A Man's Image. He has decided they are. Mandel, 74, proprietor of menswear establishments in the same block of Passyunk (near 12th and Morris Streets)
January 11, 2015 |
Claude B. Kershner Jr., 86, formerly of Bala Cynwyd, longtime owner-operator of an office products firm, died Tuesday, Jan. 6, of heart failure at his home in Audubon, Montgomery County. Mr. Kershner was not one to waste time. In 1952, he went on a blind date with Mary Ellen McCormick. By 1962, the couple, now married, had produced eight children. After a stint as a salesman in 1960, Mr. Kershner bought a small retail stationery store in Upper Darby with three employees. With his family's assistance, he built C.B. Kershner Inc. in Manayunk into one of the largest office products firms in the region.