The Times-Standard seems to cut Rob Arkley, local rich boy and former owner of the Eureka Reporter, a lot of slack when it comes to financial matters. The paper never seems to report anything about Robin Arkley or Security National economic status.
For such a big story as the fall of the Arkley Empire there as been no coverage in the TS and very little elsewhere. We have to wonder about the connection with this story a year ago:
One year ago, the Arkley camp was threatening the Northcoast Journal with a restraining order if they kept trying to do their job.
One month ago we asked; “Can things get much worse for the loyal and faithful Arkleyville worshipers?”
A few weeks ago, the Lost Coast Outpost revealed a very convoluted story about Bank Of America trying to recover the 50 million dollars that Rob owes them. Most of us trying to understand all the court filings from the Bank of America were bewildered by all the legal doublespeak in the paperwork. A financial expert finally explained to the Examiner that B of A had to proceed that way because of the massive and intentional way Arkley set up numerous “limited liability” shell companies to protect his web of (often dirty) dealings.
In June 12th issue, the NCJ on pages 52 and 53 shows tax default and lists Rob Arkley on like 9 lines of info.
(sorry NCJ link doesn’t work)
This on top of Arkley laying off long time henchman and employee Randy Gans who was VP of security National Properties.
This all begins to paint a picture of a potential for complete financial collapse of Arkleyville.
The Examiner still has questions:
What about the money still owed to the city of Eureka?
What about the bills and fees owed the State Coastal Commission and State Lands Commission?
What about CUE VI the corporation Arkley set up to have ownership of the Balloon Track?
Does anybody still work at Security National’s Eureka office on fifth street?
Why hasn’t the local media been asking these types of questions regarding Security National and Rob Arkley? A story about arguably one of the most divisive corporations and personalities on the North Coast seems like common sense for local journalists, but there is very little to go on!?!