Koenig Bankruptcy Update - Vegas Baby!

Post and stock photo by the Hawthorne Hawkman.

Every once in a while I wonder how my arch nemesis' long, slow fall from grace is going.  Over Christmas break, Johnny Northside poked around on PACER and sent along some updates.  Live links to documents will be procured as soon as I can get them, but for now I can tell readers that in conjunction with Dream Homes co-conspirators David and Sharon Kohlenberger, there is a $32,000 judgment filed against a Koenig LLC in Las Vegas.

Plaintiff William A. Leonard filed a claim against...

Paul Koenig Loses Hopeless Appeal

Post by the Hawthorne Hawkman, top photo from Koenig's defunct blog, bottom photo from Johnny Northside.

I can't think of a better way to close out the year than to close out yet another chapter in Paul Koenig's ongoing legal failures.  For those unfamiliar with Koenig at all, Ed Kohler of the Deets compiled a list of (at the time) all the northside blog posts about this guy.  Koenig came on to the radar almost a decade ago, buying up tons of vacant land and putting down "Dream Homes," poorly-built houses with six bedrooms, no basement, no garage, and basically destined to be section 8 rentals.  He and his investment partners lied about how much rent they pulled in, were sued, and lost.

Koenig managed to shift the blame onto his partner, picked up many of the Dream Homes post-foreclosure, and started a new wave of slumminess under various LLC's.  Pamiko, Marklee Construction, and MCK Investments were the most prominent of the three.  Despite siphoning off tons of money to fund a lavish lifestyle, (or perhaps because of that) he couldn't make the payments, let his properties deteriorate, and then lost them to foreclosure.

He has since been involved in a legal battle in which he claims that he redeemed several of his foreclosed properties for a dollar each.  In reality, this fight was little more than a charade so that Koenig could continue to make life miserable for Minnwest Bank with the slim hope that he could temporarily collect additional revenue from these rental units.

Oh, and in the midst of his housing hand grenade exploding across NoMi, Koenig was largely believed to have been the primary contributor to the Jordan Hawkman blog.  Good riddance.

Now, about that ruling...

The Big Bang that Started Pamiko's Downfall

1211 Knox Ave N

2402 4th St S

2616 Cedar Ave

Post and photos by the Hawthorne Hawkman, although the photos first appeared on the Johnny Northside blog.  The three properties above were owned by Pamiko at the time of the photographs, and had been part of a lawsuit involving various partners who made up the numerous Dream Home LLCs.

POST IN PROGRESS - more hyperlinks to add back stories will be added later.

Physicists widely point to "The Big Bang" as a likely starting point for our universe, and although they can surmise the origins of the universe, there are two questions such a theory leaves unanswered:  1) Why did matter exist in the first place? and 2) What CAUSED the Big Bang?  We can measure up to the first few nanoseconds, but still are unable to fill in the gaps these conundrums leave us.

Likewise, NoMi blogs (more famously on Johnny Northside) have chronicled the downfall of Paul Koenig, Michelle Koenig, and their various LLC's - Pamiko, MCK Investments, and Marklee Construction.  However, we never really answered the questions of why Koenig was allowed to acquire so many properties in the first place (technically in the second place, since he screwed over north Minneapolis first with the Dream Homes and then through Pamiko).  Nor have we understood what was the spark that set off the 80-foreclosure powder keg.

Well, after finding a confession of judgment on the Dream Homes lawsuit (a previous JNS post chronicled much of that suit, but had not come across its conclusion), I now have a theory about what started Pamiko's foreclosures over a year ago.  Bear in mind, this is only a theory, and there may be equally valid theories out there - although I sincerely doubt "Intelligent Design" is one of them.

First, a brief history...