A federal bankruptcy court has declared Hallmark Institute of Photography (HIP) president George J. Rosa III in default for failure to respond to a bank’s fraud claims against him.

People’s United Bank of Springfield, Massachusetts sued Rosa in February 2010, alleging that he kept two set of books at HIP to hide assets from the bank and divert money for his personal use. Rosa filed for personal bankruptcy protection in August 2009. PUB sued him about six months later to prevent the bankruptcy court from discharging Rosa’s $2.2 million debt to the bank.

Rosa defaulted on his loans from the bank in the spring of 2009. PUB responded by taking control of Hallmark Institute of Photography, which Rosa owned, and sold it to Philadelphia-based Premier Education Group. HIP continues to operate under the new owners, which kept Rosa on as president of the school.

The bankruptcy court finally issued a notice of default against Rosa in late October because Rosa “failed to plead or otherwise defend” against the bank’s claims in a timely manner.

The default notice stipulates that PUB must apply for a default judgment–and propose what the judgment should be–before the court issues a final ruling on the bank’s claims. According to court records, PUB has not yet applied for a default judgment.

Neither Rosa’s attorney nor PUB’s attorney responded to requests for comment.

Separately, a court-appointed bankruptcy trustee has asked for court approval to sell one of Rosa’s properties to an interested buyer for $130,500. According to court records, Rosa has mortgages on the unoccupied property totaling $282,909, including a mortgage of $132,909 from Premier Education Group.

Related: $3.6M in Debt, Photo School President Faces Fraud Charges




Patagonia’s New Catalogue Uses Florian Schulz’s Photos to Push Arctic Refuge Conservation

Posted by on Monday December 5, 2016 | Uncategorized

Patagonia is using their recent winter catalogue to raise awareness of an environmental issue they’ve been working on for years: Protecting the Arctic National Wildlife Refuge from oil drilling and other resource exploitation. The outdoor clothing and gear company licensed images for the catalogue and its communications from conservation photographer Florian Schulz, who is currently... More

RMSP to Launch a New Eight Month Program for Career Minded Students

Posted by on Tuesday September 6, 2016 | Uncategorized

(Sponsored by RMSP) Rocky Mountain School of Photography (RMSP), based in Missoula, Montana, will be launching a new eight month program in 2017 that will be tailored to students who are serious about pursuing a career in photography. With a working title of Professional Intensive, the curriculum team at RMSP is putting the finishing touches... More

In Honor of World Photography Day, Here’s the Most Popular PDN Photos of the Day

Posted by on Friday August 19, 2016 | Fun, Uncategorized

Here at PDN, every day is World Photography Day. But in recognition of August 19th’s international holiday dedicated to celebrating passion for photography, PDN‘s editors are bringing attention to some of the most popular photographs that you, our readers, have enjoyed over the past three years. We’ve dug through our archives to showcase some of the most popular... More