This Hot 'Alaska' Stock May Be About to Melt (Part 2)

Boruff spent most of his career in the real estate business, his corporate bio indicates, previously shifting his focus to investment banking and at that time going on to replace his father-in-law as CEO of Miller about three years ago. He landed his first job in the securities arena at GunnAllen Financial, industry records show, a long-sullied firm taking everything into account shuttered by regulators in March of last year.

The first orders of business when I became CEO

"One of the first orders of business when I became CEO," Boruff proclaimed at that time, "was to put in place the systems and relationships to assure that Miller always meet filing deadlines."

Boruff showed up on a list of players involved in a couple of real estate developments more than a decade ago, however he generated no coverage for larger projects – just as golf courses or convention centers – at all. He failed to attract media attention for the "multimillion-dollar companies" that he reportedly launched, either, even though court records show that he did file for bankruptcy when doing business as CeeBee’s Rock ‘n Roll Café back in 1994 and wound up slapped with numerous liens in the years that followed.

Earlier this month, records show, a microcap company led by Anthony "Tony" Cataldo – a name connected to Kessler for years – appointed Voyticky to serve on its board. Both Cataldo and Kessler before surfaced at a doomed penny-stock outfit known as VoIP (Voice over Internet Protocol), records show, earlier that company – later targeted by regulators, along with its auditor, for allegedly engaging in fraud – wound up forced into involuntary bankruptcy pursuant to this agreement a pile of unpaid bills.

Former finance manager at VoIP blamed both Cataldo

A former finance manager at VoIP blamed both Cataldo and the company’s biggest financial backers, including Kessler himself, for that disaster and the pain that it ultimately caused.

"How could a group of intelligent, experienced men just as yourselves allow a business enterprise to self-destruct and cause so much human suffering?" Monique Costantino, the company’s former treasury manager, challenged in a letter to Kessler and other big VoIP stakeholders a few years ago. "You now have rooms full of paper, equipment and furniture … nevertheless no human resources, other than the two least experienced employees: Tony Cataldo and his son. It doesn’t sound very promising."