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In
the year 2000, Sean Wheeler and 1Lease were making the rounds of Leasing Association
Conferences, promoting this "franchise." Wheeler actually
became a "Certified Leasing Professional." To say the least,
he was quite controversial. Since
Leasing News has added over 1,500 readers since then, perhaps many have
not heard of him nor understand the significance of his applying for
an "application only lease" to what we are assuming is another
lease broker His
father Ken Wheeler is in the leasing business in Fresno, California June
12,2001 he left it. He evidently has been in the marine animal business
before he went into leasing, as he stated in a leasing application
Leasing News was asked as a "reference." Leasing
News has also received a report that Mr. Wheeler was on the Fresno TV
News about this equipment, which we are investigating. Leasing News
is also following up a report concerning legal action taken by Commercial
Equipment Lease in Eugene, Oregon. To
bring all readers up to date on this "Whatever Happened to"
story, here are three re-prints from last June's Leasing News in chronological
order.:
Sean Wheeler says, " Bye-Bye, Baby" to Equipment Leasing
Sean Wheeler Leaves the Leasing Business for "Wet Pets" Dear
Kit: Steve
Ballard who came to us in February of this year has taken over control of
One Lease, and the Franchise Group. Steve spent his last 6 years in
the Operations
/ Finance department with Michael's Floral the fastest growing retail
store chain in the West. We feel he brings a solid financial background
to the company which One Lease is in need of at this time. As
One Lease has grown several issues have needed special attention that
one leasing professional could not handle. Sean Wheeler felt it was
time to turn the company over to a highly qualified individual that
truly could propel One Lease to the next level and beyond. Steve will
take a much more active approach to the company staring with a booth
and the UAEL annual conference in October. Steve
officially takes over July 1st. Sean Wheeler and his wife will be moving
to the East coast in the next few months to expand there 3 store chain
of Marine Pet Stores called "Wet Pets." We
wish him all the luck in the future! Marilyn
Delerio One
Lease Corporation One
Lease Franchise Corporation 800-996-7440 800-977-4666-fax www.1lease.net www.1leasefranchise.com Dear
Kit, Yes,
it is true I am leaving the leasing industry. Steve
Ballard has taken over as CEO of One Lease Corp. This will go into effect
on July 1st. I really think Steve will bring a strong Customer Service
platform back to One Lease. I
think if One Lease has a knock it's that we can be slow at times. All
issues aside we have always taken care of our approved brokers. And
we have always been broker driven from the very beginning. many felt
we were a super broker of some kind. That is an incorrect statement
we are a funder with our own money. We
are a funding source member of the UAEL(United Association of Equipment
Leasing), & EAEL (Eastern Association of Equipment Leasing )and
will have a booth at the Annual UAEL conference in Texas this year.
I really think that Steve and his new team with propel One Lease into
the future as a major source in the industry. With
funding sources closing at a record pace One Lease has been a consistence
source for the industry. Thank
you Sean
Wheeler, CLP 1
Lease (
It is my impression One Lease Consultants sets up individuals in the
leasing business, a franchise type operation, with procedures, manuals,
and support, and treats the leasing business as a "retail"
business or franchise with backing from the franchiser. Their website
is "under development" .We hope to get more information about
this fascinating approach to leasing. editor ) http://www.leasingnews.org/archives/June01/6-12-01.htm 1Lease
---"Not a Joke," says Sean Wheeler ( and more ) Kit
Give
me a break! I saw the posting by Izzy Finster and he should leave the
house more often. Michael's Floral is a $5 Billion dollar a year company.
And Steve Ballards title is one that Mr. Finster I'm sure could not
even apply for. Steve has 15 years of corporate finance experience.
Joke / not a Joke who cares the reality is that One Lease does have
over 240 satisfied brokers if you don't like us go somewhere else. We
don't need anyone's business that bad. One Lease increased sales in
2000 by over 136% from 1999. Anyone that would like to compare financial
statements for year end 2000 please feel free to call and then we will
see who the joker really is. Our statements are audited by the firm
of Arthur Anderson. Sean
Wheeler, CLP 1
Lease Corp. 800-996-7440 800-977-4666-fax www.1lease.net (
The e-mail said, "Steve spent his last 6 years in the Operations
/ Finance department with Michael's Floral the fastest growing retail
store chain in the West." The 15 years was not mentioned. I guess
you are saying that 240 brokers cannot be wrong. That is quite a following,
indeed. I will ask Mr. Finster to respond, and also to let us know what
"faygeleh" business means. editor ) http://www.leasingnews.org/archives/June01/6-14-01.htm Sean
Wheeler/1lease National Association of Equipment Leasing Brokers In
reading your recent newsletter with the comments from Sean Wheeler About
the NAELB, I felt that I must of course set the record straight. By
no means do I wish to open up the entire issue, it is an issue that
is done. I just want to respond to the comments made by Mr. Wheeler
about the process. As to Mr. Wheeler's comments point by point: 1.
"One Lease has never been a member of the NAELB." That is
correct. 2.
"Directional Funding was also never a member." That is incorrect.
Directional Funding was a member, submitted under the name of Marilyn
Delerio. However, once the EFG issue surfaced, a review of the membership
application showed that Directional's membership was paid for with Sean
Wheeler's American Express card. That was one of the factors that showed
The relationship between EFG and Directional Funding. 3.
[The sharing of office space] "is the entire reason for the NAELB
thinking there was a connection between the two companies." There
were many factors that were brought to my attention that showed similarities
and connections between the two companies, not just one. One connection
would not raise a suspicion, many connections would. 4.
"We had separate phone and fax numbers from EFG throughout this
time." This is incorrect, letterhead shows the same phone, fax
and address. At One point in time, they may have changed but they were
not different "throughout this time." From
the perspective of the NAELB, please be aware that one isolated similarity
would not rise to the level warranting action by the NAELB. And in complete
hindsight, if there had never been a problem with EFG, then there never
would have been any issues with Directional Funding, Direct Funding.Net
or One Lease. Also, any action taken is only taken by the full board
of directors, not just me. I
am not revisiting this issue, just responding to the points Mr. Wheeler
made as it pertains to One Lease. Joe
Bonanno NAELB
Legal Counsel attyjgb@aol.com
(781)
391-7800 www.leasingissues.com http://two.leasingnews.org/archives/June01/6-19-01.htm |
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