THE HARTFORD SCHEDULED TO LOSE $1 BILLION IN 4TH QUARTER

Classic negligence and disregard of contractual obligations by Chief Financial Officer, David M. Johnson, leads to lien and possible freezing of financial accounts and seizure of real estate assets.

The Hartford Financial Services Group, Inc. (The Hartford) proudly boasts of status as a Fortune 100 company with 2005 Net Income of $2.3 billion, but will this giant have its doors padlocked and have to take a back seat to its competitors?

Dallas, Texas (November 24th, 2006), Election day has passed and new changes in government will be taking effect as newly elected officials prepare to take office. In the same light, business consultant, Second Opinion Services, Rancho Cordova, California, has secured $1 Billion of The Hartford’s assets.

The Hartford defaulting on payment of invoices, has been served with legal documents evidencing liens of $1 Billion dollars against their assets.

The Hartford voluntarily entered into a Contract and Security Agreement with Lonnie Glenn Schmidt on October 10th, 2006, as settlement for damages suffered by Mr. Schmidt when agents of The Hartford refused to act lawfully in their course of business to put a stop to fraudulent use of a bond issued by their company.

“Why would a large company, like The Hartford, accept liability for the criminal acts of a bond holder, continue to allow the bond to remain in force, and agree to a $1 billion settlement, rather than simply cancel the bond for fraud?” asks Lonnie Schmidt (holder of the Security Agreement). “I just wanted an answer to my complaint and prudent action in order to prevent additional damages to myself, others and further liability to The Hartford.”

Mr. Schmidt, a Vietnam Veteran, with a distinguished service record has suffered 16 months of unlawful imprisonment for alleged civil contempt in a case to which he is not a party; being forced into bankruptcy, Schmidt has suffered loss of all of his and his son’s assets, solely due to the request of The Hartford’s bond holder.

To prevent immediate strict foreclosure and seizure of The Hartford’s assets, as provided for by the terms of the Security Agreement upon default, Mr. Schmidt stated he is willing to negotiate, but should The Hartford continue to ignore this issue, the contract calls for triple damages should enforcement be challenged in the courts.

PR Contact:
Judith Heavens
Phone: 916-308-7231
Email: heavensabove@comcast.net
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