Donald W. Cogswell

CourtUnited States Bankruptcy Court, M.D. Florida
DecidedSeptember 17, 2020
Docket8:18-bk-05445
StatusUnknown

This text of Donald W. Cogswell (Donald W. Cogswell) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, M.D. Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Donald W. Cogswell, (Fla. 2020).

Opinion

ORDERED.

Dated: September 17, 2020 2 . g Z } y . i Michael G. Williamson United States Bankmptcy Judge

UNITED STATES BANKRUPTCY COURT MIDDLE DISTRICT OF FLORIDA TAMPA DIVISION www.flmb.uscourts.gov In re: Case No. 8:18-bk-05445-MGW Chapter 7 Donald W. Cogswell, Debtor.

FINDINGS OF FACT AND CONCLUSIONS OF LAW ON SPOT LINK, LLC’S AMENDED MOTION FOR STAY RELIEF This case tests the limits of the old maxim “possession is nine-tenths of the law.” In 2015, the Sarasota County Sheriff’s Office seized forty-three items of personal property from the Debtor’s home. Included among those items were various pieces of computer equipment: desktop computers, laptop computers, hard drives, monitors, power cords, flash drives, and a floppy disk. Spot Link, LLC, the Debtor’s former employer, claims it owns most of the forty-three items (primarily the computers and hard drives) seized from the Debtor’s home. Under Florida law, possession of personal property creates a rebuttable presumption that a person in possession of property owns it. Thus, the burden is on

Spot Link to prove that it owns the property and that the Debtor’s possession of the property was not as owner. With one exception, Spot Link failed to overcome the presumption that the Debtor owned the forty-three items of property he possessed.

I. FINDINGS OF FACT In early 2010, the Debtor began working for Spot Link. Founded by Phil and Marte Grande, Spot Link produced a radio show known as Phil’s Gang.1 The radio show was designed to drive users to Spot Link’s website, where listeners had an

opportunity to buy a monthly membership subscription that gave subscribers access to daily classes on using stock charts for investing or to buy software products that supposedly helped listeners decide when to buy or sell particular stocks.2 The company operated out of an office in Sarasota.3 The office included a production area (or a studio) where Phil’s Gang was produced.4 Because it produced

a radio show, Spot Link owned a variety of sound studio equipment, including microphones and a mixing board.5 Spot Link also owned a dozen or so computers, which were located at its office in Sarasota.6

1 10/10/19 Trial Tr., Doc. No. 93, p. 85, ll. 10 – 25. 2 Id. at p. 85, l. 10 – p. 88, l. 12. 3 It appears the office was originally located in Venice, Florida. Id. at p. 14, l. 20 – p. 16, l. 23. But in 2015, the office was moved to Sarasota. Id. Whether the office was in Venice or Sarasota is not particularly relevant to the issues before the Court. 4 Id. at p. 94, ll. 2 – 9. 5 Id. at p. 94, ll. 2 – 25. 6 Id. at p. 16, ll. 2 – 12; p. 93, l. 18 – p. 94, l. 1. Spot Link hired the Debtor, who was living in Las Vegas at the time, to develop web-based software and applications that would enable users to track, monitor, and facilitate securities (and other) trading.7 Spot Link provided the Debtor

with an office at its Sarasota location. In his office, the Debtor had a computer tower under his desk, a couple monitors on the desk, and a laptop.8 Spot Link also set up a studio at the Debtor’s home so he could do a radio show from home on Saturday mornings rather than have to drive into the office.9

For several years, the Grandes and the Debtor appeared to have a productive working relationship. Mr. Grande testified that he trained the Debtor and treated him like a son.10 And the company, by all accounts, was doing well: by 2013, Spot Link was doing roughly $1.2 million in net sales.11 In 2013, the Grandes sold a majority interest in Spot Link to the Debtor and

his business partner.12 After the sale closed, the Debtor became Spot Link’s CEO.13 As part of becoming Spot Link’s CEO, the Debtor signed an employment agreement

7 Spot Link Ex. 1, Doc. No. 69-1. 8 7/11/19 Trial Tr., Doc. No. 93, p. 161, l. 22 – p. 162, l. 16. 9 10/10/19 Trial Tr., Doc. No. 93, p. 108, 17 – p. 109, l. 3. 10 Id. at p. 88, l. 20 – p. 89, l. 3. 11 Id. at p. 86, ll. 6 – 17. 12 Spot Link Ex. 5, Doc. No. 69-5; 10/10/19 Trial Tr., Doc. No. 93, p. 88, ll. 2 – 19. 13 Spot Link Ex. 5, Doc. No. 69-5; 10/10/19 Trial Tr., Doc. No. 93, p. 88, l. 16 – p. 89, l. 3. and non-compete agreement.14 Under his employment agreement, the Debtor agreed to return all company-owned property to Spot Link in the event Spot Link terminated him.15

Between October 2013 and April 2015, when the Debtor was Spot Link’s CEO, he charged business expenses to his personal American Express card.16 To get reimbursed for those expenses, the Debtor would submit his credit card statements to Spot Link’s CPA, Lora Burgess of Kerkering, Barberio & Co., and identify for her which charges were for business expenses.17 Spot Link would then pay American

Express directly for any business expenses charged to the Debtor’s credit card.18 At the end of each month, Kerkering Barberio prepared the company’s financials.19 To do so, Ms. Burgess would reconcile the credit cards and bank accounts.20 She would also prepare a general ledger of all financial transactions for the month.21 Any business expenses that the company reimbursed the Debtor for

would be included on the reconciliation report and general ledger.

14 Spot Link Ex. 5, Doc. No. 69-5. 15 Id. 16 7/11/19 Trial Tr., Doc. No. 92, p. 26, ll. 3 – 24; p. 33, ll. 8 – 21; p. 35, l. 23 – p. 36, l. 16. 17 Id. at p. 26, ll. 3 – 24; p. 35, l. 23 – p. 36, l. 16; p. 38, ll. 10 – 18. 18 Id. at p. 35, l. 23 – p. 36, l. 16. 19 Id. at p. 23, l. 1 – p. 24, l. 25; p. 26, l. 17 – p. 28, l. 8. 20 Id. at p. 26, l. 17 – p. 27, l. 4; p. 39, ll. 5 – p. 41, l. 6. 21 Id. at p. 44, l. 2 – p. 45, l. 8. During the year and a half that the Debtor was CEO, Spot Link reimbursed the Debtor (by making direct payments to his American Express card) for more than $500,000 in business expenses.22 Most of those expenses were for charges for radio

stations.23 But the expenses also appeared to include two Western Digital hard drives, which were purchased on October 29, 2014, and a Dell Alienware computer, which was purchased on January 14, 2015.24 The Western Digital hard drive and Alienware computer purchases were included on the company’s reconciliation reports and general ledger.25

Sometime in early 2015, it appears the Debtor and the Grandes had a falling out. According to Mr. Grande, the Debtor was destroying the company.26 Whereas the company had been doing roughly $1.2 million in net sales when the Grandes owned it, Mr. Grande claimed it was losing a million dollars a year under the Debtor’s stewardship.27

22 Id. at p. 56, l. 19 – p. 57, l. 20. 23 10/10/19 Trial Tr., Doc. No. 93, p. 174, l. 24 – p. 175, l. 18. 24 Spot Link Ex. 8; Doc. No. 69-8; Spot Link Ex. 12, Doc. No. 69-12; Spot Link Ex. 13, Doc. No. 69- 13; Spot Link Ex. 14, Doc. No. 69-14. 25 Spot Link Ex. 11; Doc. No. 69-11; Spot Link Ex. 12, Doc. No. 69-12; Spot Link Ex. 13, Doc. No. 69-13; Spot Link Ex. 14, Doc. No. 69-14. 26 10/10/19 Trial Tr., Doc. No. 93, p. 88, ll. 2 – 15. 27 Id. at p. 86, l. 6 – p. 88, l. 15. In February 2015, the Grandes, who by then had regained a majority interest in Spot Link, voted to remove the Debtor as managing member of the company and elected themselves to take his place.28 Things only got worse after that.

Sometime in late February or early March 2015, the Grandes accused the Debtor of using company money to pay for personal expenses.29 On March 20, 2015, roughly two months after the Debtor bought the Alienware computer, Spot Link requested that Bank of America reverse more than $60,000 in payments that had been made to the Debtor’s American Express card. Bank of America ultimately

reversed $64,155.11 in payments.30 But it didn’t stop at reversing the payments. Spot Link also sought to press charges against the Debtor.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Walter Burnes v. Pemco Aeroplex
291 F.3d 1282 (Eleventh Circuit, 2002)
Butner v. United States
440 U.S. 48 (Supreme Court, 1979)
New Hampshire v. Maine
532 U.S. 742 (Supreme Court, 2001)
Charles Ringling Co. v. Muirheid
133 So. 108 (Supreme Court of Florida, 1931)
Sandra Slater v. United Steel Corporation
871 F.3d 1174 (Eleventh Circuit, 2017)

Cite This Page — Counsel Stack

Bluebook (online)
Donald W. Cogswell, Counsel Stack Legal Research, https://law.counselstack.com/opinion/donald-w-cogswell-flmb-2020.