By Steve Miller ——Bio and Archives--July 22, 2010
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After patiently reading Figler's very long document, I believe that the sentence; "Although it is anticipated that the NINE-MILLION DOLLARS ($9,000,000.00) will be paid from the proceeds of the sale (of the Crazy Horse Too), the obligation to make said payment upon the closing is not (emphasis added) contingent upon the realization of net proceeds from the sale sufficient to make the NINE MILLION DOLLARS ($9,000,000.00) payment," says it all.
All parties in this case signed the above Settlement Agreement in 2006, It clearly states that in the event the Crazy Horse Too does not sell for an amount sufficient to pay the Henrys what they are owed, the obligation to pay them then becomes that of Rick Rizzolo who at the time of Kirk Henry's neck being broken was married to Lisa, and at that time she was enjoying the fruits of Rick's criminal activities.
Furthermore, it was Rick's own attorney Tony Sgro who on September 2, 2006 clearly told the Las Vegas City Council; "...the way the document (above) is structured... the Henrys are to be paid whether or not the sale of the club yields sufficient funds."
So, it seems perfectly clear that the court will soon rule that Mr. and Mrs. Rizzolo are together "personally" obligated to make up the deficit between what the club is worth today, and what is owed to Henry, the IRS, City of Las Vegas, and others, estimated to be over $28 million dollars!
According to the latest estimates, the shuttered club is presently worth no more than $3 million, and to date, no qualified buyers have surfaced, only those who were acting as straw men for Rizzolo, and were immediately disqualified as buyers.
It will soon be up to U.S. Judge Philip M. Pro to decipher this not-so-complicated case, and hopefully Kirk Henry will be the first to be paid from the Rizzolo's off shore stash.
Steve Miller
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Steve Miller, is a former Las Vegas City Councilman. In 1991, the readers of the Las Vegas Review Journal voted him the “Most Effective Public Official” in Southern Nevada. Miller writes internationally syndicated columns on organized crime and political corruption for Rick Porrello’s AmericanMafia.com.