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Lollipop Tree Owners Refuse to Return Company Vehicle

February 24, 2010

PORTSMOUTH, NH - Founders of The Lollipop Tree business, already facing a lawsuit, got themselves into even more potential legal trouble after they allegedly refused to turn over a company vehicle and attempted to hack into the business computer system, according to Foster's Daily Democrat.

According to the Democrat, the company's court appointed receiver, James Ebbert, said Bob and Laurie Lynch allegedly refused to return a 2008 Chevrolet Suburban, which he said is now an asset of the bank. Ebbert also claimed that Bob Lynch unlawfully acted as a representative of the business following the bank takeover in order to make sure his company cell phone was not turned off.

The lawsuit also claimed that the Lynches attempted at least 83 times to gain access to the store's secure computer network, according to the Democrat.

According to the lawsuit filed in Maine's U.S. District Court on Dec. 16, the bank alleges that Lynch and his wife took a $600,000 loan on Jan. 25, 2004, and mortgaged their Rollinsford, N.H., home as collateral. The bank claims in their civil suit that the Lynches failed to make required monthly payments, despite notification made less than a year ago that they were in default, the Democrat reported.

As of Dec. 14, the couple owed the bank more than $2 million in principal, interest, and late and legal fees, according to the suit. Interest of more than $400 a day continues to accrue, according to the lawsuit. The lawsuit claims the Lynches defaulted on other business with the bank related to an overdraft protection account and a VISA corporate credit card. The bank also alleges the couple transferred $70,000 in cash to hire contractors to work on their personal residence, which had more than one mortgage, reported the Democrat.

 

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