A wave of disappointment and groans swept the courtroom as the owners of Poor Red’s Bar had their judgment and sentencing hearing pushed to March in a Monday afternoon hearing.
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After a conference at the bench, Judge Douglas C. Phimister told the courtroom that an agreement had been reached to continue the hearing regarding Mike and Brenda Adams to March 7 at 1 p.m. With half the courtroom full of people attending for just that hearing — one audience member joked it was all of the town of El Dorado — the announcement was met with groans.
Deputy District Attorney James Clinchard noted that part of the plea deal that the Adams took was that they would have to make a “good faith effort” to sell the bar; something, he said, which has not happened. He requested the March 7 hearing to also be a hearing regarding their effort to sell the bar. Phimister agreed to have a light calendar for that day and set aside two hours for testimony.
The Adams pleaded guilty last August to charges of filing false tax returns with the state Franchise Tax Board and Board of Equalization, failure to make contributions to the Employee Development Department, failure to secure worker’s compensation — a misdemeanor — and each had a different charge of insurance fraud. They both also agreed to an enhancement of aggravated circumstances due to the amount exceeding $200,000.
Poor Red’s is on the market with a current selling price of $1.5 million.