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Premier's White taken into custody, posts bond

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Premier Properties USA Inc. founder Christopher P. White was taken into police custody early this morning and released after he posted bond.

A prosecutor's office spokesman confirmed White had been taken into custody on three felony charges filed last week, but the spokesman had no information on whether White, 50, turned himself in or was arrested. A Marion County Jail official said he paid $2,000 on a $20,000 surety bond and was released from jail at 2:51 a.m.

An initial hearing is scheduled for 9 a.m. Monday.

The charges against White include fraud on a financial institution, check fraud and theft - all Class C felonies stemming from a $500,000 bad check that authorities say White deposited into an account with the National Bank of Indianapolis in January.

The check was drawn on an account at JP Morgan Chase that never had a balance of more than $1,000, the prosecutor's office said. After depositing the check, White allegedly withdrew most of the proceeds, apparently so he could make payroll.

Financial and legal troubles began to mount for Premier and White last year as credit markets froze up. The 15-year-old company had built a reputation for taking on daring projects with little margin for error.

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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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