Richard Friedman

File photo

Richard Friedman

Chadwick litigation continues in Steamboat with Friedman in court

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— Richard Friedman, of Chad­wick Real Estate Group, took the stand in Routt County District Court on Tuesday to rebut allegations that he owes First Land Develop­ment more than $289,000 in a lawsuit related to complex real estate dealings that are a backdrop for one of the most high-profile arrests in Steamboat Springs’ recent history.

Friedman denied Tuesday owing any of that particular money to First Land, which has been involved in litigation against Chadwick entities since 2004.

Friedman is a managing member of entities including Chad­­wick Estates, Chadwick Real Estate Group and RAF LLC.

Attorney Reed Morris, of The Law Office of Ralph A. Cantafio, representing First Land, said the current litigation is related to the $2.38 million judgment that First Land won in June against Chad­­­wick Estates and managing member Brooks Kellogg. Fried­man is not personally named in that judgment.

“First Land hasn’t been paid a penny on the judgment that was entered in June,” Morris said. “So now, we’re looking not only at the parties First Land has a judgment against, but we need to start expanding the scope to people who owe Chadwick money.”

That, Morris and First Land allege, leads to the involvement of Friedman. Morris alleges that Friedman assumed personal responsibility for $245,000 owed to Chadwick Estates — from the sale of a Chadwick villa to Julienne Lindberg, Kellogg’s sister — and therefore, because of the judgment, Friedman owes that money to First Land. A separate piece of Morris and First Land’s litigation alleges that Friedman also owes First Land for a $44,301 loan he received from Chadwick Estates.

Friedman strongly denied those interpretations Wednes­­day.

“Richard Friedman owes nothing personally,” Friedman said. “Reed Morris and Ralph Cantafio need the billable hours; they need the press. I really don’t.”

Friedman stated in court Tues­­­­day that the $245,000 was assigned to Chadwick Real Estate Group, which is separate from Chad­­wick Estates and not named in the $2.38 million judgment. Fried­­man also stated in court that the $44,301 loan is classified as his personal income and is not a debt as First Land claims.

“I am not involved individually,” he said Wednesday. “Their allegations are incorrect.”

Judge Shelley Hill has requested written closing arguments by Dec. 29.

“We’ll await a ruling after that,” Morris said.

Friedman is a business partner of Kellogg’s, and Kellogg is a managing member of Chadwick entities.

Kellogg was arrested Oct. 19 at Denver International Air­port on suspicion of trying to pay for the killing of a Florida man, First Land’s Stephen Bun­yard, who settled for the $2.38 million judgment. With interest, that amount could total $2.5 million.

Bunyard participated via phone conference in Tues­­day’s proceedings in Routt County Dis­­trict Court. The proceedings gave a glimpse into long-simmering emotions.

Morris at one point asked Friedman whether the financial transfers and classifications were simply a way of “moving money around” between separate entities.

“You can term it any way you want,” Friedman replied.

Morris then questioned the timing of Friedman’s classification of the $44,301 loan as personal income. Friedman’s response included comments about the challenges of the real estate market and the litigation from First Land.

“We haven’t had any income for the past couple of years,” Friedman said, before directing a comment to Morris.

“Mainly because of your actions,” Friedman said.

When Morris asked Friedman to clarify that statement, Fried­­man said Chadwick entities have seen no significant income for the past two years, at least in part because of the “vindictiveness” with which Bunyard, First Land and Morris have “gone after” Chadwick entities and Kellogg.

Comments

jimmmmmm 3 years, 9 months ago

Wait a minute. Brooks sells a unit to his sister for $2,000,000 in April of 2010, and those same units are now listed for $1,695,000, and a non developer unit is listed for $1,250,000??? I smell some big nasty rats. Heck of a brother deal on that one.

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Bill Dalzell 3 years, 9 months ago

“Reed Morris and Ralph Cantafio need the billable hours; they need the press. I really don’t.” You ain't kidding you don't need the press.

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Mary Stanton 3 years, 9 months ago

Reed Morris and Ralph Cantafio are not doing ANYTHING for billable hours! Bottom line, these two STOLE land in the most underhanded, sliming snake in the grass, manner one could do and they got busted for it and now they seem to think they are better than everyone else in the world and should not have to pay for what they did. They're problem? Someone is not backing down from them (and much like most people should follow by example) will no longer believe one lying word or scam deal they can come up with to get out of their financial obligations!!!!!!!

Case in point, is that they would stoop so low as to put family members in the middle of their mess, and lo and behold they got caught lying and sneaking around, god forbid!!

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Kristopher Hammond 3 years, 9 months ago

The photos of Brooks and Richard are great. Not mug shots, but paid-for portraits intended to convey power, know-how and control. Now they just look sleazy. I would never trust a man with fake teeth THAT big. He looks like a rodent who just got pulled out of his dark little hole. No, weasels are not rodents.

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snakeh8r 3 years, 9 months ago

Mr. "Business as usual" will have to find a new place to hang his shingle. Brooks has already found his appropriate dwelling place. These two intentionally created companies within companies in order to try to avoid someone "piercing the corporate vale". Hopefully Bunyard will continue persuing them until the truth comes out.

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