What Are the REAL Reasons Behind the Collapse of Alex Logistics?

How Did a $20 Million Company Fall Apart?

July 3, 2019 – Reporter and investigator Bobby Axelrod has been looking for information on the Alex Logistics company. While the company had $20 million in assets, there exists a significant concern over how the company managed to collapse so quickly.

Axelrod spent three months investigating the company and how it fell apart. As it turns out, the reason for the collapse came from the fraud committed by the company’s dispatchers. These include Serhii Marchenko, Nazar Parshev, Tarandeep “Troy” Singh and Helena “Gelena” Rubina.

The dispatchers were caught on camera at their company warehouse. They planned to steal a truckload of ELD lamps. This would help them to get a boost on their funds and to start up their own trucking companies possibly. The lamps were being sold on the black market as a means of raising funds in question.

The alarming discovery from Mr. Axelrod found that there are also some issues where Alex Logistics was working to avoid returning containers. The  rail ramps and drivers were HAULING Many drivers were dispatched by company dispatchers in 2018 to fake locations as a means of making it look as though they were putting in an extra amount of effort in their work. Many of these places were around the Chicago area with no real pattern involved.

The company's owners were unable to recover the losses that they had encountered in the process. They were charged more than $400,000 for the losses involved. This included charges from railroads and steamship lines that were responsible for handling many of the efforts that did not exist.

The final step has been taken by RTS Financial, a transportation factoring company which About $350,000 of cash were frozen and the company still not able to recover.

The owners were subjected to far too much drama, and questionable employees ended up doing more to destroy the company than anything.

The website for Alex Logistics is no longer operational. It is through the unfortunate activities found in the Axelrod investigation that the company has become a thing of the past. This is especially unfortunate, as the company has an immense amount of money to work with.

The company used to employ 140+ people.

Tweet

More News From travellersea.com

Donors suspend funds for Poland's Jewish museum

Jul 17, 2019

WARSAW, Poland — A Jewish association says some private donors to Poland's renowned Jewish history museum have suspended funding out of concerns about the government's failure to renew the term of its director. A special commission in May approved Dariusz Stola for another five-year term, but Culture Minister Piotr Glinski hasn't yet officially reappointed him. Glinski said recently he was still weighing the decision, because Stola had allegedly refused to make the museum available for a conference that was to be dedicated to the late twin of ruling conservative party leader Jaroslaw Kaczynski. The Museum of the History of Polish...

Taste of the Tour: Garlic soup in Toulouse-Lautrec country

Jul 17, 2019

ALBI, France — Terrible timing: Wout van Aert, the Belgian winner of Monday's stage at the Tour de France, just missed the garlic harvest in Lautrec, and he was a few weeks too early for next month's garlic festival. Stage 10 through the golden corn fields of south-central France to Albi brought the Tour within a quick pedal of the garlic-producing village that gave local artist Henri de Toulouse-Lautrec, born in Albi in 1864, part of his surname. Lautrec's pink garlic is famously pungent; it has a Red Label used in France to designate foodstuffs of superior quality. As with...

The Latest: Schumer wants federal probe into power outage

Jul 17, 2019

NEW YORK — The Latest on a power outage in New York City (all times local): 11:55 a.m. U.S. Sen. Charles Schumer is calling for a federal probe into a blackout that left thousands of people in Manhattan without power for several hours. The New York Democrat says the Department of Energy's Office of Electricity should investigate the work being done by Con Edison to maintain and upgrade the city's power grid after the power failure on Saturday night in some of the busiest parts of Manhattan. Schumer says the federal agency should consider the New York City blackout a...

California exhibit paints Ed Hardy as artist, tattoo pioneer

Jul 17, 2019

SAN FRANCISCO — When people hear the name Ed Hardy, they likely think of the flashy, tiger- and skull-emblazoned clothing that rocketed to popularity in the 2000s, appearing on the likes of Paris Hilton, Britney Spears and cast members from the reality TV show "Jersey Shore." Others recognize Hardy as a trailblazing tattooer whose unique designs were licensed for use on apparel and merchandise, and whose legacy transcends the brand's current notoriety. But few know him as a prolific fine artist. "The clothing was one little blip on his whole career, which was staggering," said Mary Joy Scott, a tattoo...

As Barry approaches, New Orleans residents debate evacuation

Jul 17, 2019

NEW ORLEANS — Go or stay? It is a question people in and around New Orleans ask themselves every time a threatening storm lurks in the Gulf: a major hurricane like Katrina, which devastated the area in 2005 when levees failed, and now Tropical Storm Barry, which forecasters said was unlikely to become a ferocious hurricane but could still bring historic levels of rain and devastating floods. The dilemma is one that confronts people anywhere, but New Orleans has a unique set of circumstances: It's particularly susceptible to hurricanes and flooding and, as underscored by Katrina 14 years ago, many...

Traveller SEA (South-East Asia) is for wanderlust looking for an adventure in the South-East Asia region and the rest of the world.

Contact us: sales@tvlseacom.com