Monday, September 26, 2011

Proof that Ilitch Casinos Partner was in bed with Ponzi Scheme Fugitive Jack Utsick

If there was ever any doubt that Detroit casino wheeler dealer Michael J. Malik, Sr., was in business with fugitive Jack P. Utsick, the notorious entertainment promoter wanted for bilking "investors" out of millions, TVT has just discovered this:

Click Graphic to Enlarge or Click Here to See Original Document

On March 10, 2000 Malik and Utsick organized AB Funding Company, L.L.C., with the help of attorney William D. Serwer.  The Articles of Organization, Section V, as filed with the State of Michigan indicate:
The business of the limited liability company shall be manged by or under the authority of one or more managers. The initial number of managers shall be two (2).  This number may be modified from time to time by the provisions of the limited liability company's Operating Agreement that specify or otherwise fix the number of managers.
Directly under Section V, the Articles of Organization were signed by Michael J. Malik, Trustee of the Michael J. Malik Revocable Living Trust, and Jack P. Utsick, President of The Entertainment Group Fund, Inc.

For each and every year through 2007, Michael Malik, as manager of AB Funding Company, L.L.C., filed annual statements with the State ofMichigan.  While there have been no annual statements filed since, there have also been no other documents filed terminating the entity or removing Jack Utsick. 

The State of Michigan records AB Funding Company, L.L.C., as “Active, but not in Good Standing as of 2-16-2010.”

Utsick is now a fugitive reportedly living in Brazil.

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