Tag Archives: donna hoppe
Sculptures in the Veteran’s Memorial Museum
The first photo is of the Veteran’s Memorial 50-man bronze sculpture of soldiers storming a beach in World War II. Below the sculpture is the financial statement from the court record showing the sculptures valued at $19,120,000. Under the financial statement, which was submitted June 3, 2009, is the Gary Hendershott Catalog 145 that shows the 50-man valued at $9,500,000.
The 50-man sculpture and additional sculptures in the Veteran’s Memorial Museum total $10,592,500 in the Hendershott Catalog dated May 12, 2009, three weeks prior to the financial statement in the court record.
In the June 3, 2009 Cornerstone Bank Financial Statement below, the values for a duplicate set of four sculptures for the National Freedom Museum in Pigeon Forge and Veteran’s Memorial Museum in Branson, Mo., (Pigeon Forge closed in 2007) total $8,539,000 and $19,120,000, respectively. The Branson museum’s total includes the 50-man sculpture. The four sculptures are: a WWI soldier, WWII Infantry men, WWII bust of President George Bush and the fourth sculpture is three soldiers in Vietnam.
Less than a month before, the June 3 financial statement was included as part of a loan modification for Fred Hoppe because he wasn’t making good on his promissory notes. The Pigeon Forge set of sculptures was valued at a total of $1,092,500 in the Gary Hendershott Catalog May 12, 2009. The Branson Museum sculptures were valued at $10,592,500 in the catalog. The Branson price tag – $10,592,000 plus the Pigeon Forge figure of $1,092,500 and the financial statement totals of $8,539,000 plus $19,120,000 produce a difference of $15,974,000 from the May 12 catalog to the June 3 financial statement in 2009.
We feel the following citations apply to Fred Hoppe’s valuation of sculptures that he reported to the bank on the financial statement in the court record. (See financial statement and sculpture valuations above)
Filed under Veteran's Memorial Bronze Sculptures
P-51 at Veterans Memorial Museum in Branson
Before and after photos of the P-51 North American Mustang warplane, which sat on a pylon outside the Veterans Memorial Museum in Branson, Mo., show the plane wasn’t real following the Leap Year Tornado that hit Branson. It was passed off as authentic in an appraisal conducted by Frank Grant of The Canadian Military Studies Museum. The plane was valued at $500,000 in the financial statement. Grant signed the appraisal. See the document below the photos of the plane.
Below the signed document by Grant is the financial statement in the Cornerstone Bank Case. The statement lists the plane’s value at $500,000.
WHY THE PLANE ISN’T REAL:
The post-tornado photo shows the insides of the plane, which are simply angle-iron and fiberglass. If the plane were authentic, it would look different – there would be parts and metal exposed.
Counterclaim filing by Fred and Donna Hoppe
In order to prolong the inevitable, Hoppe filed a counterclaim against Cornerstone. The implications against the bank border on absurd.
Filed under Cornerstone Bank Case
More UCC filings with multiple banks
The following UCC filings show loans from multiple banks using the same collateral.
UCC filings by Cornerstone Bank
The following UCC filings were entered as exhibits.
Filed under Cornerstone Bank Case
Stock Certificates used for Loans
The certificates below were issued, and used for collateral to the bank. The stock certificate for the Veterans Memorial Museum was issued on 10th of June 2009. One week after the loan of June 3rd 2009 was issued using the shares of stock as collateral.
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Filed under Cornerstone Bank Case
Financial statement provided by Hoppe to the bank
The case file included the following financial statements to showcase Fred Hoppe’s assets. Values are grossly inflated, such as the 50-man bronze sculpture that is housed in the Branson, Mo., Veterans Memorial Museum. The sculpture’s value is listed at approximately $19 million. Three weeks prior to the date of the financial statement, the sculpture was listed in Gary Hendershott’s Catalogs 145, 150 and 152 for $9 million and less. Hendershott is a dealer in military collectibles and antiques.
In addition, Hoppe does not list all the investors he is indebted to on the financial statement. He lists four investors, however, there were actually several more we know of whom he solicited funds from.
Filed under Cornerstone Bank Case
Promissory Notes
The promissory notes demonstrate Cornerstone’s loans to Hoppe over a period of several years. They were entered in as exhibits in the case.
Filed under Cornerstone Bank Case
Fred Hoppe Citizen Investigation 