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1 of My Favorite spot might be in DANGER!!!
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Mohawk Ryderz Prez
 
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1 of My Favorite spot might be in DANGER!!! - June 26, 2009, 06:23 PM

Creditors accuse ex-restaurateur of taking millions

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By Jana Wagoner
Source: Loudoun Times-Mirror
TUESDAY, JUNE 23 2009
UPDATED WEDNESDAY, JUNE 24 2009
A group of creditors has filed an involuntary petition for Chapter 7 bankruptcy in the name of a former Loudoun restaurant owner they claim owes them more than $41.6 million.
The petition was filed in U.S. Bankruptcy Court June 20 in reference to Osama M. El-Atari, of Ashburn.
El-Atari, who is in his early 30s, owned several restaurants in Northern Virginia, including The Original Steakhouse and Sports Theatre in Ashburn.
He is well known around the county for the cars he drives. In a 2007 interview with the Times-Mirror, El-Atari said he owned a Bentley GT, a Ferrari F430, a 2007 Mercedes S65, a Cadillac Escalade and a 2007 Porsche 911 Turbo.
Cars are my passion,” he told the Times-Mirror.
The creditors who have filed the bankruptcy petition are United Bank of Vienna; BankAnnapolis of Annapolis, Md.; Kevin Korban, of Chevy Chase, Md.; and Northern Trust Bank, of Cleveland, Ohio.
David Tatge, the Washington, D.C., attorney representing the creditors, would not comment on the case.
On June 22, a summons was filed to notify El-Atari that the involuntary bankruptcy petition was filed in his name.
While bankruptcy court documents do not go into detail about the millions the banks claim El-Atari owes them, there is an explanation of the $230,000 Korban claims El-Atari owes him.
Korban says he loaned El-Atari $180,000 March 17, and El-Atari used it to make bridge loans to real estate ventures he had an interest in.
Korban also guaranteed a $100,000 loan made to El-Atari by Robin Gemenier for the same purpose.
To date, Korban says, El-Atari has only paid back $50,000 of what was owed to Gemenier, so Korban is seeking the other $50,000 he guaranteed in that loan along with the $180,000 from the loan he made to El-Atari.
Documents filed in Loudoun County Circuit Court's civil division May 13 provide some insight into United Bank's claim against El-Atari.
In that case, United Bank is seeking $13.8 million.
Court documents show that El-Atari took out a loan from United Bank in December 2007 using three life insurance policies from Lincoln Benefit Life Co. as collateral.
El-Atari provided documentation of the life insurance policies, so United Bank granted the loan; however, according to court records, that documentation proved to be false. According to an insurance fraud investigator from Lincoln Benefit Life Company, two of the policy numbers El-Atari gave United Bank never existed, while one was registered to someone else.
Court documents state that when United Bank confronted El-Atari about the policies in question, he admitted that they were invalid and “promised several times to come to the bank with payment, at least in part, within days,” but never showed up.
When United Bank representatives tried to get in touch with El-Atari again, they were told that he was in London, documents said.
After the case was filed, Loudoun County Circuit Court Judge James H. Chamblin ruled that “there is strong evidence of fraudulent conduct” on the part of El-Atari. Chamblin gave United Bank permission to collect money from El-Atari's bank accounts.
But when garnishment summonses were delivered to several banks in Leesburg where El-Atari was believed to hold accounts, all of the accounts had either been closed or had all of the money withdrawn from them, court documents said.
Chamblin also ruled that El-Atari has absconded under Virginia law since he has failed to appear at meetings he agreed to attend with United Bank.
As of the Times-Mirror's deadline, no criminal charges regarding this case have been filed against El-Atari in Loudoun courts or federal courts.
A message at El-Atari's home phone number said that the phone has been temporarily disconnected. His address is on Belmont Station Drive in Ashburn.
Employees of the restaurants El-Atari owned have posted on a message board saying he no longer has anything to do with the restaurants and the new owner is former Washington Redskin Marvcus Patton.


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June 26, 2009, 06:45 PM

I just had a Atari, you know the basic 2600. Is this El-Atari a Hispanic version?


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June 26, 2009, 06:47 PM

Quote:
Originally Posted by #452-LE View Post
Is this El-Atari a Hispanic version?
No,Arab.


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June 26, 2009, 06:59 PM

Aren't they talking about Osama? Who got charged for .......... and ..........?
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June 26, 2009, 07:06 PM

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Aren't they talking about Osama? Who got charged for .......... and ..........?
Yep Osama El-Atari


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June 26, 2009, 07:08 PM

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Yep Osama El-Atari
have the found him yet?

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June 26, 2009, 07:16 PM

nope they say he might be in Dubai


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June 26, 2009, 08:47 PM



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June 26, 2009, 09:14 PM

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nope they say he might be in Dubai
Wait im lost cause i did not read the whole thing. So Osama is in Dubai playing the hispanic version of Atari.






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June 26, 2009, 10:01 PM

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Wait im lost cause i did not read the whole thing. So Osama is in Dubai playing the hispanic version of Atari.


Personally, I don't care. Dishonesty ALWAYS comes back to bite you in the
I haven't like that stupid steakhouse since it went smokeless. Their non-smoking area was very well positioned and it was very well ventilated so that the smoke did not waft down to it from the bar. It's my choice to fry my lungs if I want to. I know not everyone agree's with this but I felt the same way before I ever started smoking almost 7 years ago.


RIP Greg Walker, I will never forget you

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June 26, 2009, 10:50 PM

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Personally, I don't care. Dishonesty ALWAYS comes back to bite you in the
I haven't like that stupid steakhouse since it went smokeless. Their non-smoking area was very well positioned and it was very well ventilated so that the smoke did not waft down to it from the bar. It's my choice to fry my lungs if I want to. I know not everyone agree's with this but I felt the same way before I ever started smoking almost 7 years ago.
+1, I'm tired of being treated like a second class citizen darn it!


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June 27, 2009, 01:30 AM

you both are right, the people that don't smoke looking at you like they are discussed. but i do love there prime rib 20oz. hard to balance.


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June 27, 2009, 08:37 AM

I'm not knocking anyone for liking the place, I thought it was great when it first opened. I really don't like being looked at b/c my bad habit is out for the world to see.
You know, when my mom was pregnant with both me and my sister, she drank and smoke. Back then, they didn't know any different. I was not born premature, I do not have downs syndrome and it did not stunt my growth. I wouldn't recommend any pregnant woman to smoke now (lots of different nasty chemicals in smokes now) but for those of us that are not with child, who the hell cares!!!

J, I'm sorry your favorite spot is going to close, have you tried Texax Roadhouse in Chantilly???? That is my favorite place AND you can still smoke there. Their steaks taste the way they do when they're cooking!!!! That is the only place that I do not have to put anything on my steak in order to eat it. I even eat the bread there (I don't like bread). They make their beans with real ham in them, they have Kraft Mac'n Cheese (I love that stuff!) and the sweat iced tea is always on point!!!!
The only thing I don't like about it is the country music and all the dead things. I suffer through them in order to eat there.


RIP Greg Walker, I will never forget you

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June 27, 2009, 09:13 AM

damn i miss smoking and eating meat!!!!!! i was thinking about doing a monday meet at their lucky's restaurant in springfield...you can smoke all you want in that place.

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June 27, 2009, 10:56 AM

Texas Roadhouse is a sweet place to get s steak. I have no respect for that manager though. I havent been back since he asked to be reimbursed for lost business back when they had the funerals for the officers who were killed.


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