A couple of familiar Corsair projects for sale, plus others

[Rob Mears]

I hadn't realized how many project planes this owner had accummulated. A pretty neat collection IMO. The P-38 tail booms look promising!

http://www.wwwoods.com/arrowhead

[warbird1]

Wow, that' s incredible! So, is this part of the collection that the owner was building for that "secret museum" in Colorado, that nobody would talk about? I forgot his name.

Also, some observations:

1) Regarding the Hellcats. It looks like at least one of them is red in color. Are those some of the drone remains recovered from China Lake?

2) I don't know anything about that F7F? It says it was never a converted sprayer. That's pretty unusual. What is it's history? Did somebody buy it surplus after the war and just sat on it for years?

3) That P-38 project looks daunting, to say the least! I'm amazed at that brand new pristine tail boom group. It looks almost identical to the one that was built by West Pac by the Red Bull P-38.

4) Why is the owner liquidating this collection?

[ZRX61]

Why didn't they just take pics of the actual Tigercat instead of using pics of Joe Clarks??

[Mike]

Why didn't they just take pics of the actual Tigercat instead of using pics of Joe Clarks??

Perhaps they want to close the sale before the Navy identify the airframe concerned and reposess it!

[Jerry O'Neill]

I don't know.
For some reason, I'd like to get my hands on those two Corsairs!
Jerry

[t28pilot]

Jul 10, 2009
MINNEAPOLIS (CN)- A Minnesota man took $24 million in "management" and "incentive" fees while losing his customers' money in Tom Petters $3 billion Ponzi scam, shareholders say in a federal class action. "Defendants literally handed over hundreds of millions of dollars to Petters with no investigation or supervision whatsoever," and lost practically all of it, according to the complaint.
James Fry was principal of BluePoint Management, and the founder and president of ArrowHead Capital Management, the three principal defendants, according to the complaint. Also sued is Metro II LLC, a creature of ArrowHead, and PriceWaterhouseCoopers, auditors.
Fry, through his companies, promised "advantageous rates of return through investments in short-term secured notes," though in practice he just handed it over to Petters, according to the complaint.
"For the years 2003-2006, Blue Point and Fry earned approximately $13 million in management fees and over $11 million in incentive fees," the complaint states.
It adds that nearly 100 percent of plaintiffs' investments have been lost. Plaintiffs are the Tradex Global Master Fund and ABL Segregated Portfolio, on behalf of themselves and others similarly situated.
After a federal investigation last fall, Petters was accused of orchestrating a massive Ponzi scheme involving $3 billion in investments involving the "completely fictitious" sale of high-end electronics.
Fry managed the ArrowHead fund and the Bermuda-based Blue Point Capital Management. PricewaterhouseCoopers, ArrowHead's auditor, failed to detect anything awry, the class claims, adding that "any reasonable and minimal investigation ... would have uncovered this thinly veiled fraud."
Plaintiffs are represented by Richard Lockridge with Lockridge Grindal Nauen.

Last edited by t28pilot on Sun Mar 17, 2013 1:03 pm, edited 1 time in total.

[Lightning]

Howdy All

Im not sure that "Extensive" research on the P-47D-2-RE s/n. 42-8074 had been carried out enough

From an official document 1st Lt. James L Rowe 341st FS/348th FG had been involved in an accident in this aircraft on the 28th Sep 1943 at Nadzab (#3 Strip)

On the 23rd Oct 1943 Lt. James L. Rowe is credit with one confirmed kill

Lightning

[corsair166b]

...And imagine my surprise at seeing my photo of Howard's Corsair lifted and used (tho I think I see it credited) in the illustration...the shot was from 1992 or 93....hey, as long as these birds find new homes and get rebuilt.

These things are currently in Colorado? Are they in storage with Klaers or someone else?

Mark

[bdk]

1) Regarding the Hellcats. It looks like at least one of them is red in color. Are those some of the drone remains recovered from China Lake?

2) I don't know anything about that F7F? It says it was never a converted sprayer. That's pretty unusual. What is it's history? Did somebody buy it surplus after the war and just sat on it for years?

1) I think so. They were stored somewhere in the midwest for a while I believe.

2) Traded to the USN for a static Tigercat (partly fiberglass) and a Stearman.

[Dan K]

1) Regarding the Hellcats. It looks like at least one of them is red in color. Are those some of the drone remains recovered from China Lake?

2) I don't know anything about that F7F? It says it was never a converted sprayer. That's pretty unusual. What is it's history? Did somebody buy it surplus after the war and just sat on it for years?

1) I think so. They were stored somewhere in the midwest for a while I believe.

Truck yard in Green Bay, Wisconsin. Glad to see all those bits have resurfaced--wouldn't mind at all seeing them assembled back into a flier.

[Warbirdnerd]

This sale ended on Monday. Anyone heard if some of these projects found new homes?

[z24nemesis]

Dan, what else do you know about this truck yard in Green Bay?

[TimAPNY]

Dreaming of a few new Hellcats taking to the air from that collection.

Would love to see a everything there take to the air, that is a very cool collection of history.

Tim