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Walter Himmelman
Walter Himmelman was CFO and later President of Level Propane. He was also an initial member of the scheme to seize control of Level in October, 2000. This boldness was surprising in a man who came to Level Propane from Waxman Industries with an annual salary of $30,000. His role in the scheme is still unclear, but there is no doubt that he was party to the original scheme and reaffirmed his determination to see the scheme through when he wrote to John Rudd in May, 2002, that he would work to see that Bill Maloof never regained control of Level Propane. When Himmelman wrote to Rudd, he wrote as a longtime client of BFCA to a longtime collaborator with BFCA in its insolvency cases.
Since Level Propane’s going-concern assets have gone into Amerigas’ hands, Mr. Himmelman’s fortunes have improved dramatically: he recently purchased free and clear a multi-million dollar lakeside vacation home in Sandusky, Ohio that he enjoys to this day. Such a property is simply not possible to purchase on the salary of a school teacher and an accountant.
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