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The Profit Connect Receiver exposed Brent Kovar’s propensity for showering gifts on the ladies he employed in November.

Three Profit Connect workers were named by the Temporary Receiver as having responsibility for managing the company’s personnel and financial affairs: RU, a former pharmaceutical technician employed as an accountant, JM, a person with no prior work experience recruited as the junior accountant, and warehouse receptionist, and SW, a former pharmacy technician hired as the accounting manager and, as she has indicated, a long-time lover of Brent Kovar.

The accounting staff was overpaid for their experience and skills, lavish non-cash gifts were given to them in appreciation for their work, they blindly obeyed Brent Kovar’s orders, and there were unusual and inappropriate relationships with the accounting staff. They also failed to show even the most basic understanding of business accounting best practices.

Ramona Uriarte has been recognized as “RU.” She is the first member of the Profit Connect staff to settle.

Kovar gave Uriarte a loan of $387,786 so that they could buy a home in Nevada, according to a provisional settlement that the Receiver submitted on March 16th.

Although the transaction between Profit Connect and Ms. Uriarte was not recorded in writing, the parties intended for Ms. Uriarte to pay back the $387,786.94 transferred to her, according to the Receiver’s understanding.

By that arrangement, the Receiver demanded payment from Uriarte for the $387,786.

However, Ms. Uriarte doesn’t have $387,786.94 on hand.

Ms. Uriarte plans to refinance the home to facilitate the payback but is unable to do so until after she has lived in the property for at least one year, which will be in April 2022 owing to underwriting laws and policies.

According to the tentative settlement agreement, Uriarte will pay the Receivership

if the refinancing is rejected, the debtor will have to pay $2000 each month for four months “to account for her continuous use of Profit Connect funds” and turn over the property to the receivership.

The approval of Uriarte’s preliminary settlement is still pending as of the time of publishing.

Update, May 12, 2022: On May 5, Ramona Uriarte’s settlement was granted.

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