Wednesday, April 23, 2014

No sale yet of Poor Red’s


POOR RED'S OWNERS Mike and Brenda Adams make a court appearance in Placerville Monday. Democrat photo by Pat Dollins

From page A1 | January 29, 2014 | 9 Comments

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.

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.


Discussion | 9 comments

  • LeeJanuary 29, 2014 - 5:53 am

    Make a good faith faith effort to sell?------The only thing they have ever done with good faith is to steal and rip-off people. A legitimate transaction is out of their realm.

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  • Kristy CrowderJanuary 29, 2014 - 9:16 am

    I don't know who the Adam's know to be able to put this off time and time again, but it must be somebody big. The bar should have be sold 2 years ago and they should be in prison for all the defrauding they did.

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  • DonJanuary 29, 2014 - 9:31 am

    $1.5 million?!!! You've got to be kidding?!!! The WHOLE town of El Dorado would cost that much. Who came up with that ridiculous price? Them?

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  • WendyJanuary 29, 2014 - 9:55 am

    Sell? The Adams don't sell anything - they suck everything out of all they own, let it fall apart and it gets foreclosed on! This happened to the winery, st Pauli and the houses they have owned....they take loans out on the properties and walk away. Free money? Must be, they are still free. I don't understand why they get away with all this theft..

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  • MleighJanuary 29, 2014 - 1:45 pm

    1.5 mil? Is that for the Liquor License?

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  • MarcJanuary 29, 2014 - 1:46 pm

    I worked for Poor Reds as a Bartender.. I don't recommend go their... I was banned from Poor Reds as well -- The Building will always be a historical monument for this town that's why it's being sold for so much. They need to be in jail!

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  • Mary Randolph, CaminoJanuary 29, 2014 - 2:06 pm

    The whole thing is stupid!!. The court has ordered and been telling the Adam's to sell Red's for years now but they wont because their still making money off the place. A simple solution is for the court is just to lock the doors to Red's so they can't squeeze anymore money out of the place. that would give them the incentive to sell

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  • Red SkeletonJanuary 30, 2014 - 9:22 am

    How do convicted felons retain and profit from a liquor license? What other "property" do they "own"?

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  • ShellyJanuary 30, 2014 - 12:17 pm

    Our local court system is broken. They allow thieves/con men to walk free and continue to profit from the business they have been stealing from! How long is this going to go on? They have no interest in selling Red's. They want to continue to take money from it and try and take it down....We need a system that protects the community not the thieves.

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