Ed Cherry, of Hess Kennedy Fame and Related to Fidelity Land Trust, Files Chapter 7 Bankruptcy

Ed Charry of Hess Kennedy fame has moved on to a number of new enterprises. One is allegedly called Fidelity Land Trust that the Palm Beach Post reported on here.

According to that story about how real estate owners are trying to create a crafty solution to alter their financial obligations tied to their residences the story says:

“Within the layers of corporations tied to Fidelity Land Trust is Edward C. Tudor — a registered fictitious name for Edward Cherry, according to the Florida Department of State Division of Corporations.

State records show the managing member of Fidelity Land Trust Co. is Fidelity Land Trust Partners, whose “member or authorized representative” is Edward C. Tudor.

Cherry was barred in a 2009 consent judgment by Florida’s attorney general from dealing in consumer debt-settlement services after a state investigation concluded companies he was involved with “diverted millions of dollars to themselves and a coterie of families and associates.”

In 2010, the attorney general accused Cherry of violating the order after he allegedly conducted debt-related seminars that charged attendance fees of upwards of $95, according to a pending Broward County court case.

Gellenbeck said Cherry is his neighbor and has no involvement with Fidelity other than that he filed the incorporation paperwork with the state.

Cherry did not respond to a request to explain his relationship with Fidelity.

In documents sent in May to a client of Royal Palm Beach-based attorney Tom Ice, Cherry is listed at least once as “MGRM,” a state abbreviation for managing member, of the Fidelity Land Trust Co.

Also, an October lawsuit in Palm Beach County that sought to cancel a mortgage shows Gellenbeck and Cherry are associates in an entity called Eastwinds Partnership.

The two men signed a December request to have Circuit Court Judge Thomas Barkdull disqualified from the case after Barkdull grilled attorneys about the legal concept of canceling a mortgage through a quiet title action.

“I’ve never seen a case like this before,” Barkdull says in a transcript of the exchange filed in court records. “Tell me about it. Tell me about your theory of the case and where you came up with this theory, and what’s going on.”

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When the attorney said he was not prepared to argue the case, Barkdull asked whether the attorney drafted the pleading. The attorney answered that Edward Cherry did.

Barkdull: Does Mr. Cherry work for your law firm?

Attorney: No, sir.

Barkdull: OK. And you say he’s not an attorney?

Attorney: No, sir.” – Source

The story is correct that Edward C. Tudor is listed as a fictitious name for Edward Cherry, 902 Clint Moore Road, Boca Raton, FL 33487. The name of Edward C. Tudor is linked to a mailing address in Luxembourg, 36 Avenue Marie-Therese, Luxembourg LU2132. – Source

But Edward C. Tudor isn’t the only name listed as a fictitious name under Edward Cherry. There is also Edward Egan (source)

The address listed for Cherry is actually an address once used by E-Limidebt. At the end of the lifespan of E-Limidebt the director was listed as Lawrence Diodato of 6683 Waverly Lane, Lake Worth, Florida and also 902 Clint Moore Road #200, Boca Raton, FL 33487. – Source

E-Limidebt was formed by director Preston Sjoblom in 2006. – Source

Along the way Kirsten Kharatyk served as secretary and treasurer (source) Kharatyk is allegedly the wife of Diodato.

Another similar sounding company, E-Limidebt, LLC was formed by Preston Sjoblom and Larry Diodato as Apeiron Partners in 2005 and was later changed. – Source

Elimidebt II, LLC is still an active company at 902 Clint Moore Road, Suite 200, Boca Raton 33467 and it’s current president is listed as Lawrence D. Diodato. The company was formed in 2006 by Larry Diodato and Preston Sjoblom. – Source

Back to Ed Cherry’s Bankruptcy Filing

On June 12, 2012 Edward Cherry filed a chapter 7 bankruptcy which is missing a number of required schedules. What little information that is available in the filing indicates his assets are between $0 to $50,000 and his liabilities are between $50 million to $100 million.

The partial filing submitted by The Bankruptcy Group of Florida in Boca Raton says Cherry owes Capital One, Chase, Coneca Properties, Daniel Stermer as Receiver, four accounts with the Department of the Treasury, four accounts with the Internal Revenue Service and Raquel Cherry. – Source

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Edward Cherry and Raquel Cherry were owners of Raquel’s Day Spa in Parkland, Florida. – Source

Edward Cherry was also a managing member of HUHHHH, LLC that listed it’s members as Edward Kennedy, Edward Cherry, Richard Nottingham, and James Wood. The company claimed to be located on Grand Cayman Islands in the British West Indies. The company was originally formed in 2003 with the managing member listed as Hess and Kennedy. – Source

Update 6-28-2012

Missing bankruptcy schedules and details have since been filed. Click here.

Update 7-11-2012

A reader sent me the link to the Facebook picture of Ed Cherry. His identity as the Ed Cherry referenced was confirmed with a third party who knows Cherry.


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34 thoughts on “Ed Cherry, of Hess Kennedy Fame and Related to Fidelity Land Trust, Files Chapter 7 Bankruptcy”

  1. Ed Cherry, Laura Hess, and any of the crooks he’s associated should all rot in jail. They scammed thousands of people out of money. I felt so sorry for some of those people. Many had paid his companies thousands of dollars in hopes that their homes could be saved. I mean this was a very serious situation for many people. I posted information on the internet years ago regarding this man. I encouraged anyone dealing with him and any other debt settlement companies to STOP. Most debt settlement companies, unfornately, were not legitimate as the industry was unregulated (I don’t know how it is today). Cherry and Hess took advantage of people facing foreclosure, thousands of dollars of credit card debt, etc. It was really awful

  2. You’re reaching real far with this one, nothing about the title is deceptive sounds like you just need to blow some steam off and take it out on Steve.  Maybe you should get over it.  

  3. 2 million people filed BK in 2011, why is he any different, I would file BK too if I debt, that is exactly why the system is in place.

    • I couldn’t find anywhere that Fidelity Land Trust has filed for chapter 7 like Steve reported in this article, Steve maybe you can post the link to that chapetr 7 filing or maybe, better yet, edit your article’s headline…

        • Read your title buddy, is clearly deceptive and considered slander, if I was Fidelity I would have my attorneys eat you up because Mr. Cherry has nothing to do with Fidelity, he created the articles of organization for an LLC, last time I checked anyone can do that and charge a fee for it and it DOES NOT mean they have an interest in the company…

          Ed Cherry, of Hess Kennedy Fame and Fidelity Land Trust, Files Chapter 7 Bankruptcy  aka DECEPTIVE!

          • According to the Palm Beach Post: “Within the layers of corporations tied to Fidelity Land Trust is Edward C. Tudor — a registered fictitious name for Edward Cherry, according to the Florida Department of State Division of Corporations.

            State records show the managing member of Fidelity Land Trust Co. is Fidelity Land Trust Partners, whose “member or authorized representative” is Edward C. Tudor.”

            That is the article naming Cherry that made him famous for Fidelity Land Trust.

            According to State of Florida Records:

            Fidelity Land Trust managing member is

            902 CLINT MOORE ROAD
            BOCA RATON FL 33487 US

            And the authorized member or representative is Edward C. Tudor which is a fictitious name on file with the State of Florida for Edward Cherry.

            Cherry even lists himself as an authorized representative of Fidelity Land Trust Company in his bankruptcy.

            Do you claim any of that is incorrect?

          • Go to http://www.sunbiz.org once again, do the research for yourself, don’t reply on the “Palm Beach Post” and search for Fidelity land Trust, you will see that the managing member is Fidelity Land Trust Partners and the “authorized representative ” which could be anyone, you, me or Obama… is Ed Tudor. That does not mean he has an INTEREST OR OWNERSHIP. In Wyoming, Delaware etc. the originator of most LLC’s is the same guy always, in Wyoming Dan Reed originated over 1000 companies, that is his business but it does not mean he owns or has an equitable interest on any of these companies. What I do see here is a lot of slander, sloppy work on your side and hate for someone who the more I dig into the more I find is a very smart person. It seems he was also your competitor in the debt industry and I bet he made a lot more money than you did…

            I look at all your blogs and all I see if negative, deceptive, witch hunting. I don’t get why you live your live so negatively and I pray for you to someday get out of this crap and do something positive in your life..Peace out!

          • I don’t know Steve, maybe Fidelity Land Trust Partners is a Land Trust that is not required to be filed or recorded in the State of Florida, it would make sense since this is the business they are in. Read http://www.flsenate.gov/Laws/Statutes/2011/689.071

            and educate your self.

          • I never said he had an ownership interest, neither did the Palm Beach Post. 

            What I said was that because of that Palm Beach Post article he had been tied to Fidelity Land Trust and I clearly showed the relationship from the very records you mention that indeed he is an authorized representative for Fidelity Land Trust under a fictitious name.None of that appears to be in dispute and you essentially say the exact same thing in your later comment.By the way, according to the same sunbiz.org records you directed me to it appears Fidelity Land Trust Partners is not registered to do business in the State of Florida nor is a registered fictitious name for another entity. So is Cherry the authorized representative for a company operating illegally in Florida?
            And please stop posting under multiple names. I’m happy to discuss all of this openly but pick one name and stick to it, Buster/Fauditors/Alfred

          • Ok so lets wrap this up and say that you should edit your HEADLINE to Ed Cherry files Chapter 7. Period end of story, stop bringing in other entities that no relationship to the Bankruptcy. Doesn’t that make more sense?

          • And again you come back and post under a different name even when I asked you politely not to.

            You didn’t even answer my questions about Fidelity Land Trust Partners. Apparently all you can do is complain but not shed any light on the issue.

            I’m not sure how you can say that both entities have no relationship to the bankruptcy when they are both named as entities he has a relationship with in his bankruptcy.

          • Its a PERSONAL chapter 7 Steve, get over it, it happens all the time, you make it sound like these other entities are going bankrupt too…AGAIN DECEPTIVE…

          • You don’t respond to my requests or questions or help me with clarification on Fidelity Land Trust Partners.

            Yet, I’ve answered your questions and provided explanations. Apparently you don’t really know anything about the situation except a personal distaste for the title. That has been noted.

            So for the last time, Ed Cherry did file a chapter 7 bankruptcy. Not disputed. And I never said it was a business bankruptcy. In fact I link to the supporting documents for all to verify.

            Ed Cherry is associated with Hess Kennedy and Fidelity Land Trust in one or more capacities. That is not disputed either and supported with his own bankruptcy filing you can find the details of here. https://getoutofdebt.org/44184/ed-cherry-chapter-7-bankruptcy-update

            You have been unable to shed any light on the legitimacy of Fidelity Land Trust Partners and the lack of apparent business registration.

            I guess if you wanted a more inclusive title I could have added The Consumer Law Center, Consumer Recovery Team, Growth Capital Funding, and Zion Partners in the title and all the pending lawsuits naming him. But that would have just been way too long. BTW, all of those are supported with the bankruptcy filing as well.

    • Why is he different? Seriously? Ed Cherry has been telling people for years they should not file BK, but instead pay him thousands for his bogus debt elimination system. Why didn’t he use his magic techniques on his own debts? He had to file BK instead?

      • You can’t eliminate 6 million dollars worth of government
        debt, is not credit card debt, so learn your fact first before making a stupid statement like this. nothing about debt settlement is bogus otherwise Steve would not be associated with a debt settlement program.

        • I never said debt settlement was bogus. I said that Ed’s system was bogus. Hess-Kennedy was using blanket
          FCRA disputes as their “process” for debt elimination. That didn’t work out too well for thousands of clients, did it?

          “The partial filing submitted by The Bankruptcy Group of Florida in Boca
          Raton says Cherry owes Capital One, Chase, Coneca Properties, Daniel
          Stermer as Receiver, four accounts with the Department of the Treasury,
          four accounts with the Internal Revenue Service and Raquel Cherry.”

          Capital One, Chase, or Coneca Properties are “government debt”? OK, whatever.

  4. He is no bigger criminal than the guy who wrote this crap, Ed got rid of my credit card debt years ago and gave me a fresh start, he is ok in my book. 

    • I
      hear the Feds took over his debt settlement business, squeezed him out and they
      are now servicing his old clients and make a whooping 400k profit each month and
      the trustee appointed by the government makes another 20,000 per month on this
      gig. Sounds to me like Ed got fucked…

  5. So tell me, now that Ed Cherry has filed BK, is Hess-Kennedy’s other partner-in-crime STEVE VANDERHOOF, still ripping people off at Legal Helpers Debt Resolution and The Mortgage Law Group in Chicago?  Why isn’t he next in line for the Bankruptcy and food line????


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