Pages Navigation Menu

ON-LINE MAGAZINE & WEB SITE - SCROLL DOWN FOR NEWS

NCHA MEMBER AND FORMER MEMBER ACCUSED OF FRAUD AND TAKING ADVANTAGE OF THE ELDERLY

Posted by on Mar 8, 2019 in BREAKING NEWS, COW HORSE NEWS, CUTTING NEWS, HEALTH AND WEALTH, HORSE ORGANIZATIONS, INDUSTRY NEWS, LAWSUITS & INDICTMENTS, RICK'S CORNER, WHO, WHAT & WHERE | 0 comments

 NCHA MEMBER AND FORMER MEMBER ACCUSED OF FRAUD AND TAKING ADVANTAGE OF THE ELDERLY

 

ED DUFURRENA CHARGED IN CIVIL COURT AND PHILLIP MICHAEL CARTER IN CRIMINAL COURT

By Glory Ann Kurtz
March 8, 2019

If it’s a lawsuit in the cutting horse industry, you would likely find that Ed Dufurrena, an NCHA million-dollar rider, who just last year was suspended from the National Cutting Horse Association, would be involved. In previous judicial filings, Dufurrena was accused of a host of violations, including but not limited to advertisement fraud by advertising Auspicious Cat as HERDA Negative when, in fact, the stallion was HERDA positive and taking advantage of the elderly. The suit, filed by Shawn, Lisa and Lauren Minshall v Ed Dufurrena and DOS Cats Partners, accused Dufurrena of fraudulent advertising the genetic status of the stallion Auspicious Cat. 

The second lawsuit filed against Dufurrena was filed by Don and Janie Vogel, a retired couple from Saint Jo, Texas, with a litany of alleged law violations of the Texas Deceptive Trade Practices Act, including fraud and taking advantage of the elderly.  The curious nature of this particular lawsuit includes the fact that at the time of the Minshall’s lawsuit, the Vogels also shared a secret 49 percent investor interest partnership in the DOS Cats Partners with specific horses as well as the same horse, Auspicious Cat, for their $105,000 investment.  

In filed Vogel court documents, it was revealed that they received a 49 percent share in the DOS Cats Partners, which included an investor-shared interest in specific horses for their initial $105,000.00 investment. The most notable of the shared investor interest was in Auspicious Cat and Stevie Rey Von the NCHA Futurity Champion. 

Both lawsuits were settled by Dufurrena in out-of-court settlements, except for the veterinarian David Hartman Equine settlement which went to trial with Dufurrena being found by the Jury to be 60 percent responsible for the damages that the Minshalls sustained in the case, even though Dufurrena had previously settled his portion of the lawsuit and was not included in this trial.  Another curious point is that Dufurrena has denied the Vogel’s interest in Stevie Rey Von but in review of certain invoices sent to me, including Dufurrena statements sent to the Vogel’s during the partnership, the invoices list the Vogels as an investment partner in Stevie Rey Von.  

The final lawsuit between the Dufurrenas and the Vogels entitled: Ed, Brandon and Rita Dufurrena (Plaintiff’s) versus Don and Janie Vogel (Defendants) was filed by the Dufurrenas in 2018 in Montague County, Texas, and came to a conclusion in 2019 with an out-of-court settlement between the Plaintiffs and the Defendants. No information is available in the judicial settlement.

Recently, the Dallas Morning News came out with an article about Phillip Michael Carter, 44, Frisco, Texas, who has part of a fraudulent real estate company for raising $44 million from over 270 investors in several states, most residing within the Northern District of texas, in unregistered securities offerings through materially misleading statements and omissions. It accuses Carter of misappropriating investor funds to pay off personal tax liens, fund his lifestyle and make Ponzi payments to investors.

The connection is that Carter, a money-earning member of the NCHA, has Ed Dufurrena as his cutting horse trainer, even though Dufurrena has been suspended from the NCHA. For the record, the attached photo is of Dufurrena and Carter together at the 2017 NCHA-approved Riverboats Cutting Horse Association show at the Texas State Fair, following Carter’s win of the $2,000 Limited Rider Class at this NCHA-approved event. The class sheets also indicate that Ed Dufurrena was an exhibitor at this NCHA-approved show, as well as Rieta Dufurrena who was entered in the Non-Pro Division riding Auspicious Cat while this horse was registered with the AQHA in the name of the DOS Cats Partners, the partnership where Don and Janie Vogel are listed as 49 percent vested-interest partners. The Vogels did not know the horse was being shown, let alone by a non-pro, when NCHA rules state that a non-pro must own the horse they show.

On January 25 of this year, Carter was sued by the Securities & Exchange Commission for fraud and money laundering. In a court document, Carter and several of his employees were accused by the Securities & Exchange Commission of duping a long list of elderly investors to the tune of $44-plus million!  In Carters previous arrest by the state of Texas for fraud in the same matter, he posted an $88,000.00 bond and was released from jail the same day. The other co-defendants in the case included his wife.

 

 

Phillip Michael Carter

Phil and Shelley Carter

According to an article in the March 7, 2019 Dallas Morning News, Phillip Michael Carter, who was the principal of Texas Cash Cow Investments and North Forty Development LLC used investor funds for personal expenses, including payments to the IRS.  Carter had used investor funds for paying personal expenses, including trips to Hawaii, and satisfying a personal IRS tax lien.  The indictment alleges that Carter had difficulty funding his projects and in December 2016, he wrote a $6 million check to pay for material and labor on several projects but the checks were returned for insufficient funds. Therefore, in October, he borrowed $32 million from a Seattle-based private equity firm to fund ongoing construction costs for two properties.  The lender holds the first lien on the properties, meaning investors are at risk of not receiving payments from the properties

But probably Carter’s worst offense was his neglecting to tell prospective investors about his accomplices within his company who were selling what were called “illegal securities” by the Texas Securities and Exchange Commission.

SEC legal case against Carter etal

 

Gregory Tillford

Carter failed to report to investors about several matters, including his accomplices’ backgrounds.  One accomplice, Richard Gregory Tilford, Arlington, Texas , allegedly told the mostly elderly investors that their money would go toward the development of residential and commercial real estate. An indictment also alleges that Carter and Tilford raised millions of dollars after the target letters from the U.S. Attorney’s office for the Eastern District of Texas, were received, a fact they did not disclose to the investors and the money had been sent to Carter and another accomplice Bobby Eugene Guess.

The fact was also concealed from investors that Tilford was a convicted felon even before selling the real estate development notes.  In the U.S. District Court for the Northern District of Texas in 2012.  Tilford pleaded guilty to failing to file a tax return and was sentenced to one year in prison.

Tilford-Richard-Gregory-INDICT-CollinCO

 

Bobby Eugene Guess:

Bobby Eugene Guess

Another accomplice Bobby Eugene Guess, Frisco, Texas, was sentenced to 12 years in state prison on July 3 for fraud in the sale of millions of dollars in securities in a worthless internet company. Guess pleaded guilty to securities fraud in May in the 296th State district court of Collin County. A Collin County Grand Jury indicted him on Dec. 15, 2016. Guess and his sale associates sold notes, stock certificates and investment contracts in Stamedia, an internet advertising compass that falsely claimed it had a valuable digital media patent. 

Guess and the other salespersons told investors the value of the patent allowed Stamedia to strike deals with large pubic companies such as AT&T Inc. and the Home Depot Inc. However, Starmedia did not have those contracts and and all told generated little revenue.

Guess is the founder and CEO of Texas First Financial l LLC in Frisco. He has not been registered to sell securities in Texas since 2011 but he continued to illegally sell allegedly high-yielding securities in various investment programs, including Stamedia.

The Collin County, Texas, District Attorney’s Office prosecuted Guess with the assistance of the Texas State Securities Board.The State Securities board first acted against Guess in August 2016. The Securities commissioner entered an Emergency Cease and Desist Order that required Guess to stop engaging in fraud in marketing promissory notes tied to a wide array of businesses. The emergency order cited Guess’ failure to disclose to potential investors the issuance and execution of the search warrant, among other violations of the Texas Securities Act.

Guess challenged the entry of the Emergency Order but failed to appear at a proceeding before at the State Office of Administrative Hearings.  A state administrative law judge entered a default judgment against Guess in September 2016.

Guess sentenced to 12 years in prison

IRONIC DETAILS:

Ironic details have emerged in this continuing Dufurrena Saga, including the “fraud and taking advantage of the elderly” details of both individuals. Philip Carter and Ed Dufurrena, seem to mimic each other’s fraud accusations in court filings, only they were selling a different product. Sharon Baker, who emerges as a Dufurrena client, penned a letter of recommendation for Dufurrena. In the NCHA hearings, it was discovered that she is the mother of Shona Dufurrena.  Also, in the most recent run-in with the NCHA, where Shona Dufurrena filed un-sportsman-like-conduct against fellow NCHA members over a dispute involving Ed Dufurrena, Phillip Michael Carter, the recently indicted and accused FRAUD, came to the aid of Shona Dufurrena at the latest NCHA special hearing. 

BUSINESS MODEL SIMILARITIES

In the Ed Dufurrena court filings, he was accused of fraudulent acts and taking advantage of the elderly.  Later research proved that he was operating two unregistered DBA’s (Doing Business As)  in the State of Texas which is required by law.  More specifically those unregistered DBAs were Dos Cats Partners and Dufurrena Cutting Horses.

In the Phillip Michael Carter indictments, he is accused of  a myriad of criminal acts to include but not limited to:  fraudulent acts, taking advantage of the elderly and operating an unregistered DBA entity in the State of Texas, as required by Texas Law,  In a later Federal filing by the Securities and Exchange Commission (SEC) this information is included therein.

For the record and as reported in this article Ed Dufurrena is the business associate of Phillip Michael Carter in the cutting horse business, i.e., Ed Dufurrena is Phillip Michael Carter’s professional cutting horse trainer.  However, as of the writing of this article and to my knowledge, Ed Dufurrena has not been implicated in the criminal filings of the Phillip Michael Carter saga.

Read More

BINION LONG IN HOSPITAL FOLLOWING ACCIDENT

Posted by on Feb 26, 2019 in BREAKING NEWS, HEALTH AND WEALTH, INDUSTRY NEWS, WHO, WHAT & WHERE | 0 comments

WAYLAND AND LISA LONG’S SON IN HOSPITAL FOLLOWING ACCIDENT

Feb. 26, 2019

Binion Long, the son of Wayland and Lisa Long of Decatur, is in ICU at Harris Hospital in downtown Fort Worth following an accident last Tuesday when in the drizzling rain and dark of night he ran into the back of a semi-truck trailer just south of the ranch that was  making a delivery, but had no trailer lights on. 

“Scans show nothing broke but his pancreas enzymes were elevated, but did not rise through the night following the wreck,; however they are keeping him for further observation,” said Lisa.

“God has his hand on my son. Being in the biz, I have seen a lot of wrecked trucks and this was one of the worst,” said Lisa. “But after the response team got him cut out, he stood up and walked to the stretcher. God has something planned for this boy. Mark my words. Thank you for the flood of calls and please say a prayer that nothing takes a turn for the worse.”

Read More

I’M BACK!!!!!

Posted by on Feb 11, 2019 in BREAKING NEWS, COW HORSE NEWS, CUTTING NEWS, EQUI-VOICE, FEATURE ARTICLES, FROM THE EDITOR, HEALTH AND WEALTH, HORSE ABUSE, HORSE HEALTH, HORSE LAWSUITS, HORSE NEWS, HORSE ORGANIZATIONS, INDUSTRY NEWS, LAWSUITS & INDICTMENTS, MAJOR EVENTS, REINING NEWS, RICK'S CORNER, RODEO & BULLRIDING NEWS, SALES INFORMATION, TO THE EDITOR, Uncategorized, WHO, WHAT & WHERE | 0 comments

I’M BACK!!!!!

Dear Readers,

Following over a month of being offline, www.allaboutcutting.net is back!!!

Following a change by the website creators, a change in Word Press and a visit to the Apple store, today is the first time that I have been able to get into my site within the last two months. I hope you will continue returning to this site for the latest news in the horse industry. I need you to keep sending me your news. My gmail address is glory.kurtz@gmail.com.

Since this is the first time that I have been able to get into my site, my news is a little scarce – but in the coming days, I assure you that will change. The fleecing of innocent people in the cutting horse industry hasn’t gone down just because www.allaboutcutting.net went down.

 

 

Read More

☛ Economic Impact of U.S. Horse Industry

Posted by on Mar 17, 2018 in BREAKING NEWS, COW HORSE NEWS, CUTTING NEWS, HEALTH AND WEALTH, HORSE NEWS, INDUSTRY NEWS, REINING NEWS, RODEO & BULLRIDING NEWS, WHO, WHAT & WHERE | 0 comments

ECONOMIC IMPACT OF THE U.S. HORSE INDUSTRY

Courtesy of theAmerican Horse Council Foundation
March 17, 2018

(Washington, DC)- While the equine industry as a whole generates approximately $122 billion in total economic value, it’s commonly thought that the “big three” that are the primary economic drivers: Recreation, Racing, and Competition. However, the American Horse Council Foundation (AHCF) felt it was also important to bring in a new sector of the industry’s economic impact: Working Horses.

 

“Traditional working horses remain an important part of the industry, and not just on American ranches,” said AHC President Julie Broadway. “In cities like New York and even here in Washington, DC, it’s not uncommon to have horses patrolling the streets, allowing individuals access to horses that they may not have otherwise had. Horses can also be found pulling carriages and adding charm to America’s cities and historic destinations.”

The Working Horse sector consists of equines used in segments such as mounted police units, carriage operations, equine assisted therapy programs, and lesson programs, which accounts for 8% of the equine population. The Working Horse sector supports more than 42,000 direct jobs and adds $1.9 billion in direct value to the U.S. economy. These direct impacts drive a further $2.7 billion in added value to the economy and create more than 28,000 jobs from indirect and induced effects.

The Recreation sector supports more than 162,000 direct jobs and adds $7.5 billion in direct value to the U.S. economy. Those direct impact drive a further $10.5 billion in added value to the economy, and create more than 110,00 jobs from both indirect and induced effects. Additionally, nearly 13 million households have participated in trail riding, with the vast majority of trail riders- 87%- utilizing public lands to ride on.

The Racing sector continues to have the largest economic impact: supporting more than 241,000 direct jobs and adding $15.6 billion in direct value to the U.S. economy. These direct impacts add $21 billion in value to the economy, and in total create more than 231,000 jobs from both indirect and induced effects. At Thoroughbred and Quarter Horse racetracks, approximately $11 billion in wagering occurred in 2016, and tracks had $1.2 billion in total purses. Harness racetracks also had significant wagering of $1.45 billion, with $423 million in total purses.

 

Finally, the Competition sector supports more than 241,000 direct jobs, and adds $11.8 billion in direct value to the U.S. economy. These direct impacts drive a further $16.5 billion in added value to the economy, and create more than 175,000 jobs from indirect and induced effects. Additionally, USEF, AQHA, NRHA and UPHA licensed approximately 6,313 competitions throughout 2016, utilizing 1,654 competition managers.

“While the Racing sector is still the number one performing segment of the industry in economic impact, the Recreation industry continues to be the largest based on horse population, as well as creating new enthusiasts by providing easy access to equine activities such as trail riding and lessons,” said Ms. Broadway. “It’s also important to note how every segment of the equine industry has created 38 million households with equine enthusiasts in the United States!”

For more information, and to purchase a copy of the complete National Economic Impact Study, please visit the AHC website at http://www.horsecouncil.org/horsecouncil-publications/.

☛ Economic Impact of the U.S. Horse Industry 3-17-18

Read More

☛ UHC announces “Operation Chip” 1-11-18

Posted by on Jan 11, 2018 in BREAKING NEWS, HEALTH AND WEALTH, HORSE HEALTH, HORSE ORGANIZATIONS, INDUSTRY NEWS, WHO, WHAT & WHERE | 0 comments

UHC ANNOUNCES NEW PROGRAM “OPERATION CHIP”

 

PROGRAM WILL BE AN ADDITION TO OPERATION GELDING

Jan. 11, 2018
Press release from Unwanted Horse Coalition

(Washington, DC)- Starting in 2018, the Unwanted Horse Coalition (UHC) will be offering a new service to its popular Operation Gelding program called “Operation Chip.”

“The industry as a whole is moving towards microchipping as the preferred method of identification,” said UHC Director Ashley Furst. “Initially, organizations hosting Operation Gelding clinics will be eligible to apply for microchips for Operation Chip. Eventually we hope to expand the program to be able to offer rescue organizations the opportunity to apply for just the chips to be inserted into the horses in their care. Microchipping horses in rescue organizations is one of the best ways to be able to track them through the system, as well as give the industry the ability to reunite them with their owner in the case of a natural disaster.”

The UHC has partnered with MicrochipID Equine to provide the microchips for the program. The chips provided will come with a chip syringe, as well as a pre-paid registration card, and the veterinarian providing the gelding services at the clinic will be responsible for inserting the chips. “In order to ensure the horses are getting registered, the UHC will also be covering the cost of registration for each chip that is put into a horse,” said Furst. “A survey of rescues that have participated in Operation Gelding showed that only 50% of rescues are scanning horses for chips upon intake. The cost of scanners can be prohibitive for rescues, so as a result the UHC will also be providing eligible 501c3 rescues with an opportunity to apply for a deeply discounted scanner.”

The UHC is able to provide the scanners and chips to participants due to the generosity of The Right Horse Initiative. “The Right Horse Initiative is proud to support the UHC in its efforts to provide a more robust identification system in equine welfare,” said Christy Counts, President of The Right Horse. “Lack of identification is a major barrier to safe transitions for horses in this country. Providing easy access to microchipping for horse owners and horse rescues is a relatively easy and inexpensive solution to achieving our collaborative goal of providing opportunities for at-risk horses.”

Information about Operation Chip and how to apply can be found on the UHC website here: http://www.unwantedhorsecoalition.org/operation-chip/. For any questions, please contact UHC Director Ashley Furst at 202-846-1607 or afurst@horsecouncil.org

Read More

☛ Tax reform to benefit farmers and ranchers 1-4-18

Posted by on Jan 4, 2018 in BREAKING NEWS, COW HORSE NEWS, CUTTING NEWS, HEALTH AND WEALTH, HORSE NEWS, INDUSTRY NEWS, REINING NEWS, WHO, WHAT & WHERE | 0 comments

TAX REFORM PACKAGE TO BENEFIT FARMERS AND RANCHERS

Jan. 4, 2018

According to Zippy Duvall, the President of the American Farm Bureau Federation, “The tax reform package passed by Congress this week will result in lower taxes for the vast majority of farmers and ranchers. This tax overhaul includes many changes to the tax code, most notably lower individual tax rates that will benefit farmers and ranchers. Ninety-four percent of farmers and ranchers pay taxes as individuals and those rates are coming down. The bill also maintains all of the important deductions and credits that farmers rely on. So, thanks to a lot of hard work by Congress and the administration, farmers will have both lower rates and all the tools they’ve always had to manage their businesses.

“Starting next year, farmers and ranchers will also be able to take a 20 percent deduction off their business income. That’s new, and it will reduce the taxes farmers owe. The bill also doubles the estate tax exemption to $11 million per person, which will provide relief to the vast majority of farmers and ranchers. We look forward to President Trump signing this bill. Most of the provisions in this tax bill are temporary, lasting for only seven years, so Farm Bureau will now focus our work on making those important tax deductions, lower rates and the estate tax exemption permanent.”

According to Michael Clements of the American Farm Bureau Federation, “Congress is providing farmers and ranchers with a last-minute holiday gift: lower taxes in the future. A tax code overhaul passed by both the House and the Senate this week makes many changes to the tax code that will benefit farmers and ranchers.

New to the tax code, the bill includes a deduction for business income. Also, the estate tax, long opposed by the Farm Bureau, should no longer be a factor for most farmers and ranchers following changes to the estate tax exemption.

American Farm Bureau Federation tax specialist Pat Wolff says the bill includes lower individual tax rates.  “We know that 94 percent of farmers and ranchers pay taxes as individuals and the one tax rates are coming down. The bill also maintains all of the important deductions and credits that farmers rely on. So, farmers have all the tools that they’ve always had to manage their business.

“Starting next year, farmers and ranchers will be able to take a 20 percent deduction of their business income. So if they made $200, they’ll be able to take a $2 deduction. That’s new and will also help reduce the taxes that are owed.

“The bill doubles the estate tax exemption to $11 million per person. At that level, the vast majority of farmers and ranchers won’t have to worry about the estate tax anymore. Most of the provisions are temporary, they only last for seven years. So starting this year, Farm Bureau will be working to make those  important tax deductions the lower rates and the estate tax exemption permanent.”

Also, a recently introduced bill would continue several expired tax provisions important to farmers and ranchers. Offered by the Senate Finance Committee Chairman Orrin Hatch (R-Uah), the Tax Extenders Act of 2017 (S.2256) would extend several tax credits biodiesel, renewable energy and for short line railroads. Most of the credits expired in 2016.

In a recent letter to House and Senate leaders urging them to pass legislation extending these key provisions, the American Farm Bureau Federation and more than 55 other organizations explained that these expired provisions impact sectors vital to the U.S. economy and support tens of thousands of jobs nationwide.

“Acting to extend these expired tax provisions will allow businesses and individuals to make important planning decisions. Allowing these provisions to remain lapsed creates confusion in the marketplace and effectively increases taxes on entities that create jobs and economic growth,” the groups wrote.

House and Senate tax writing committees are expected to work on tax extenders in January.

  • The Tax Extenders Act of 2017 would continue the following Farm Bureau-supported tax provisions, most of which expired in 2016, for 2017 and 2018:
  • The $1.01-per-gallon income tax credit for cellulosic biofuel
    The $1.00-per-gallon biodiesel and renewable diesel tax credits for biodiesel and blending biodiesel
  • The 10-cents-per-gallon Small Agri-Biodiesel Producer Credit
  • The $1.00-per-gallon biodiesel excise tax credit that can be taken against fuel taxes The 30-percent investment tax credit for installing alternative vehicle refueling property
  • The 2.3 cents-per-kilowatt hour Production Tax Credit for energy from closed-loop biomass and the 1.2 cent-per-kilowatt- hour credit for closed-loop biomass
  • The option of taking an investment tax credit in lieu of Production Tax Credit (Currently, it’s 24 percent for 2017, 18 percent for 2018, 12 percent for 2019 and expires in 2020.)
  • The investment tax credit for installation costs of facilities that produce electricity from wind (Currently, it’s 24 percent for 2017, 18 percent for 2018, 12 percent for 2019 and expires in 2020.)
  • The Distributed Wind Investment Tax Credit for electricity production facilities The 50-percent Railroad Track Maintenance Credit for short line railroads
Read More