Monday, July 7, 2025
Monday, June 30, 2025
Piermont Mayor Bruce Edward Tucker, Loan Predator, Slams The Door On The "Helping Hand" For Quadriplegics.
For over a year now, since April 2024, readers of
this “Unhand Piermont!” Blog have witnessed with disgust the many amply-documented
instances of Piermont Mayor Bruce Tucker’s malfeasance and ineptitude – as a disingenuous
dabbling garmento, as a destructive restaurant and bar owner, as a fiscal dunce,
and as an ersatz public official in Rockland County, New York who within
a few short terms steered the Village of Piermont into an economic and
environmental abyss. See, e.g.,:
https://unhandpiermont.blogspot.com/2025/04/will-piermont-mayor-bruce-tucker-go.html
Bruce Tucker’s sordid history as a small-time, two-bit money-lender has also been well-documented to this Blog:
Yet when reviewing today’s Blog post describing Bruce Tucker’s predatory “lending” practices, you will watch Piermont’s Garmento Mayor sink to an even lower level of depravity than previously imagined.
I’ll explain.
A 30-year-old man named Edward E. Dann, Jr. teamed up with a 29-year-old inventor and engineer named Christopher B. Cobb. Cobb, now deceased, created devices that helped the medical field, including the “Helping Hand”, a “robotic arm for quadriplegics to help make their lives better”:
https://unhandpiermont.blogspot.com/2025/04/will-piermont-mayor-bruce-tucker-go.html
Bruce Tucker’s sordid history as a small-time, two-bit money-lender has also been well-documented to this Blog:
https://unhandpiermont.blogspot.com/2025/01/bruce-tucker-gets-sued-and-foreclosed.html
https://unhandpiermont.blogspot.com/2025/01/bruce-tucker-ersatz-brooklyn-mortgage.html
https://unhandpiermont.blogspot.com/2025/01/more-stichproben-for-bruce-tucker.html
https://unhandpiermont.blogspot.com/2025/01/when-piermont-mayor-bruce-tucker.html
https://unhandpiermont.blogspot.com/2025/02/cheap-skinflint-piermont-mayor-bruce.html
https://unhandpiermont.blogspot.com/2025/01/bruce-tucker-ersatz-brooklyn-mortgage.html
https://unhandpiermont.blogspot.com/2025/01/more-stichproben-for-bruce-tucker.html
https://unhandpiermont.blogspot.com/2025/01/when-piermont-mayor-bruce-tucker.html
https://unhandpiermont.blogspot.com/2025/02/cheap-skinflint-piermont-mayor-bruce.html
Yet when reviewing today’s Blog post describing Bruce Tucker’s predatory “lending” practices, you will watch Piermont’s Garmento Mayor sink to an even lower level of depravity than previously imagined.
I’ll explain.
A 30-year-old man named Edward E. Dann, Jr. teamed up with a 29-year-old inventor and engineer named Christopher B. Cobb. Cobb, now deceased, created devices that helped the medical field, including the “Helping Hand”, a “robotic arm for quadriplegics to help make their lives better”:
On January 12, 1993, the two well-intentioned young men, Cobb and Dann, formed a
corporation called “Kinetic Rehabilitation Instruments, Inc.” based in Hanover,
Massachusetts.
An apparently-related patent application was filed by Kinetic Rehabilitation Instruments, Inc. on February 9, 1994, for “Gripping heads and other end effectors servo-actuated comprising articulated grippers”:
An apparently-related patent application was filed by Kinetic Rehabilitation Instruments, Inc. on February 9, 1994, for “Gripping heads and other end effectors servo-actuated comprising articulated grippers”:
FDA documentation gave the “Device Classification Name” as a “Powered… Wheelchair”,
and indicated the “Regulation Medical Specialty” to be “Physical Medicine”:
The
“Helping Hand”, introduced as a “wheelchair-mounted electromechanical arm” at a
trade show in Nashville known as “RESNA ‘94”, was described as the “flagship
product” of Kinetic Rehabilitation Instruments, Inc.:
https://web.stanford.edu/group/resna/Tidbits/1994/RESNA94.TXT
Your Garmento Mayor Bruce Edward Tucker, already fully-immersed in low-rent mortgage lending and shady sheet and towel wholesaling, and undoubtedly smelling the chance for another quick buck, loaned the “principle”[sic] sum of US$25,000 to Kinetic Rehabilitation Instruments, Inc. on July 25, 1994, at a 10% interest rate, for a 1-year term. [See below]. Yet the federal funds rate in 1994 ranged from only 3% to 5.5% that year:
Your Garmento Mayor Bruce Edward Tucker, already fully-immersed in low-rent mortgage lending and shady sheet and towel wholesaling, and undoubtedly smelling the chance for another quick buck, loaned the “principle”[sic] sum of US$25,000 to Kinetic Rehabilitation Instruments, Inc. on July 25, 1994, at a 10% interest rate, for a 1-year term. [See below]. Yet the federal funds rate in 1994 ranged from only 3% to 5.5% that year:
Worse yet, the promissory note which Bruce
Tucker required Kinetic Rehabilitation Instruments, Inc. to execute, was written
as “Convertible”, allowing predatory lender Bruce Tucker to convert the debt to
equity in the event of a private placement offering. Tucker wasn’t seeking to
save the handicapped. Tucker was seeking opportunity. Tucker was seeking to pad
his own pockets.
Bruce Tucker waited out the year term and then apparently became impatient, along with several other lenders. They started demanding repayment. Then they called the loan. On April 15, 1996, with the other lenders, Bruce Tucker as lead plaintiff then sued Kinetic Rehabilitation Instruments, Inc. on the “Convertible Note”, therein kvetching about the “[un]realized” “opportunity” to convert to equity.
Again, Bruce Tucker didn’t just sue any company.
Rather, Bruce Tucker sued a Massachusetts start-up piloted by two young men seeking to “engage in the business of designing, developing, and marketing devices to assist physically-challenged people”, according to the Kinetic Rehabilitation Instruments, Inc. 1993-filed Articles of Organization with the Commonwealth of Massachusetts.
Moreover, Bruce Tucker didn’t just sue for recovery of the loan principal.
Bruce Tucker also sued Kinetic Rehabilitation Instruments, Inc. for the confiscatory 10% interest.
Bruce Tucker also sued Kinetic Rehabilitation Instruments, Inc. for the “Court costs”.
Bruce Tucker also sued Kinetic Rehabilitation Instruments, Inc. for “counsel fees”.
And then, in moves which most plaintiff-side collections litigators would find unusual to say the least, Tucker accused Kinetic Rehabilitation Instruments, Inc. – a company formed to make products to benefit the handicapped – with “irresponsible” actions, “willful”, “wanton”, and “reckless” “mismanage[ment]”, “malfeasance”, and “nonfeasance”.
Tucker then proceeded to claim against Kinetic Rehabilitation Instruments, Inc. not just for compensatory damages alone, but for punitive damages as well.
Punitive Damages.
To pour further salt in the wounds of the fledgling company and its principals, Tucker then proceeded to assert the same claims against Edward E. Dann, Jr. personally, on the “theory” that Dann’s actions were “ultra vires” or beyond the scope of corporate authority, somehow making Dann individually liable for the monies claimed.
That’s right. Bruce Tucker actually sued a company formed to make products for disabled quadriplegics - and actually sued the individual principal of that company too - for punitive damages. Over a lousy US$25,000.
Are you KIDDING me?! What kind of low-life DOES that??!!
Bruce Tucker waited out the year term and then apparently became impatient, along with several other lenders. They started demanding repayment. Then they called the loan. On April 15, 1996, with the other lenders, Bruce Tucker as lead plaintiff then sued Kinetic Rehabilitation Instruments, Inc. on the “Convertible Note”, therein kvetching about the “[un]realized” “opportunity” to convert to equity.
Again, Bruce Tucker didn’t just sue any company.
Rather, Bruce Tucker sued a Massachusetts start-up piloted by two young men seeking to “engage in the business of designing, developing, and marketing devices to assist physically-challenged people”, according to the Kinetic Rehabilitation Instruments, Inc. 1993-filed Articles of Organization with the Commonwealth of Massachusetts.
Moreover, Bruce Tucker didn’t just sue for recovery of the loan principal.
Bruce Tucker also sued Kinetic Rehabilitation Instruments, Inc. for the confiscatory 10% interest.
Bruce Tucker also sued Kinetic Rehabilitation Instruments, Inc. for the “Court costs”.
Bruce Tucker also sued Kinetic Rehabilitation Instruments, Inc. for “counsel fees”.
And then, in moves which most plaintiff-side collections litigators would find unusual to say the least, Tucker accused Kinetic Rehabilitation Instruments, Inc. – a company formed to make products to benefit the handicapped – with “irresponsible” actions, “willful”, “wanton”, and “reckless” “mismanage[ment]”, “malfeasance”, and “nonfeasance”.
Tucker then proceeded to claim against Kinetic Rehabilitation Instruments, Inc. not just for compensatory damages alone, but for punitive damages as well.
Punitive Damages.
To pour further salt in the wounds of the fledgling company and its principals, Tucker then proceeded to assert the same claims against Edward E. Dann, Jr. personally, on the “theory” that Dann’s actions were “ultra vires” or beyond the scope of corporate authority, somehow making Dann individually liable for the monies claimed.
That’s right. Bruce Tucker actually sued a company formed to make products for disabled quadriplegics - and actually sued the individual principal of that company too - for punitive damages. Over a lousy US$25,000.
Are you KIDDING me?! What kind of low-life DOES that??!!
The Ghoulish Garmento in the
form of one Bruce Edward Tucker, apparently got what he wanted in the form of a “[P]artial [J]udgment” for US$34,070.07. Dann appears to have put up very little of a
defense. The litigation also apparently dislodged Kinetic Rehabilitation
Instruments, Inc.’s defense counsel, and led to that corporation’s Involuntary
Dissolution (by Court order or by the Secretary of the Commonwealth) on October
31, 1998. Kinetic crashed like a house of cards.
So, Piermont Mayor Bruce Tucker can be proud.
Piermont Mayor Bruce Tucker can be proud that while acting as a small-time, two-bit lender, he was so adept at analyzing credit risks.
Piermont Mayor Bruce Tucker can be proud that when impatience overtook him, he thereupon saw fit to sue not just the borrower company championing the disabled, but also its young individual principal, for punitive damages.
Piermont Mayor Bruce Tucker can be proud that he then played his part in snuffing-out a company that was specifically-formed to improve the lives of physically-handicapped quadriplegics in wheelchairs.
Yes, this is the selfsame Bruce Tucker that Piermont, New York voters later elected as their Mayor in 2017, and who spent the past 7-and-a-half years trashing and defiling the Village.
Bruce Tucker should resign his mayoral office immediately.
Moreover, Piermont voters should categorically reject any further attempt by Bruce Tucker to re-populate Piermont Village Hall with his own lackeys and stooges as part of his ill-conceived “succession plan”. Bruce Tucker has been a harmful malignancy on Piermont Village Hall and that cancer needs to be fully removed.
So, Piermont Mayor Bruce Tucker can be proud.
Piermont Mayor Bruce Tucker can be proud that while acting as a small-time, two-bit lender, he was so adept at analyzing credit risks.
Piermont Mayor Bruce Tucker can be proud that when impatience overtook him, he thereupon saw fit to sue not just the borrower company championing the disabled, but also its young individual principal, for punitive damages.
Piermont Mayor Bruce Tucker can be proud that he then played his part in snuffing-out a company that was specifically-formed to improve the lives of physically-handicapped quadriplegics in wheelchairs.
Yes, this is the selfsame Bruce Tucker that Piermont, New York voters later elected as their Mayor in 2017, and who spent the past 7-and-a-half years trashing and defiling the Village.
Bruce Tucker should resign his mayoral office immediately.
Moreover, Piermont voters should categorically reject any further attempt by Bruce Tucker to re-populate Piermont Village Hall with his own lackeys and stooges as part of his ill-conceived “succession plan”. Bruce Tucker has been a harmful malignancy on Piermont Village Hall and that cancer needs to be fully removed.
Subscribe to:
Posts (Atom)