The Eagle Thrifty stores Raley's got their hands on in June of 1973 happened during a time when Raley's California stores were about to go bankrupt. It's a very complex story to place into words to show all they were doing. Below represents actual information about Raley's and provides a glimpse into what they were secretly up to and at the time they didn't believe this information would ever come to light and become public. Everything you see below was going on in June of 1973. And this clearly showed that Raley's couldn't have had any money available to purchase a chain of stores in Nevada that were losing lots of money too just like Raley's in CA. Today, the survivors of this fraud probably still go around claiming Raley's was doing fine in 1973 and everything is legitimate and Charles Nordby was just delusional.
What's really sad is that nobody would hold these people accountable for a crime that they committed...yes it was years ago. However, when they were confronted with how they cheated Charles Nordby, they went to great lengths to make sure he didn't get any justice before he passed away. Believe me, he will get justice.
The world is simply a home for many fraudulent people who will end up being the ones who will be confronted at the end. Below is my 50th year anniversary postcard that I will be sending out sometime in April, 2023. People may not like my postcard...however, we live in AMERICA, THE GREATEST COUNTRY IN THE WORLD. At least it used to be.
These two guys above had no idea that their fraud would be uncovered in the future.
I am grateful for my father that I was able to uncover a lot of what these two frauds were
doing in Nevada. I still need to say this again: a lot of the information about Collings, Teel
and Eagle Thrifty stores is somewhat difficult to make clear and precise, however,
eventually I will take the necessary time to do just that.
Below represents what was going on at the Raley's stores in CA, and probably for a long time before Nordby was hired as a consultant in 1973.
Above is what Charles Nordby uncovered while turning around Raley's. Charles Nordby dissected Raley's operation and Tom Raley was nowhere to be found in 1973 accept traveling around Nevada supposedly buying a chain of stores (Eagle Thrifty), that were losing money with two of the stupidest people Nordby had ever met in the grocery business. And they said Nordby was just a security man. Nothing more and nothing less.
You simply can not make this stuff up.
The Tony Ingoglia Deli story is a very important piece of information to really show how incompetent the leadership crew at Raley's were, in 1973, when they went out to get some quick cash in Nevada before the Raley's stores in California went bankrupt. Understand this too, after being in the grocery business for nearly 30 years myself, you would have to know EVERYTHING about the grocery business to uncover this kind of dishonesty going on at Raley's with Tony Ingoglia's fraudulent invoicing practices. I surely didn't have the knowledge to uncover this kind of stuff and I never met anyone who did. Only Charles Nordby did and it embarrassed them all so badly that all they could do to get him out of their company was get him to quit when they didn't give him his bonuses that they had promised him. And he did quit and left his pages of "some of my accomplishments," on their corrupt desks while walking out the door.
When Nordby stated above that "We have spent many hours," it was just him researching these invoices. The clowns at Raley's didn't know what shit was going on at Raley's in June of 1973. All they were concerned about was setting up the Eagle Thrifty Corporation so they could plunder the company of its cash before allowing this chain of stores to go bankrupt.
Charles Collings and James Teel were running around Nevada in June of 1973, hoping they could get their hands on some much needed money. Charles Nordby came into their lives during this same time period in 1973 hoping to convince them to use his profit increasing program not knowing what these two thieves were doing in Nevada. They agreed to use his services and when Nordby requested a signed contract concerning his bonuses, Collings told Nordby that he was a Christian and that his word (and Raley's) was his bond and a contract agreement wasn't necessary.
However, get this: During about this same time period, in 1973, Charles Collings couldn't rely on his word or him being a Christian to perform a number of agreements being made in Nevada, concerning a valuable piece of property, with the Gastanaga Brothers who owned the Eagle Thrifty chain of stores. No, no, no.. that didn't work with these two brothers who wanted this property before walking away from their stores.
Collings told Nordby that a contract agreement wasn't necessary because he was a Christian and his word was his bond...but Collings' bullshit about being a Christian and his word was his bond didn't work with the Gastanaga brothers. They wanted it in writing, notorized and recorded...and it was!
Above is the property being referred to.
They never thought that this information above would ever become public.
Did Tom Raley even know about the 'Eagle Thrifty' purchase? This grocery genius didn't even know who Charles Nordby was in 1973.
Sacramento Union Newspaper article
Over to the left is an article publicly announcing that Raley's had just purchased the Eagle Thrifty Chain in Nevada. If you read it closely, you will see that Tom Raley is a very active owner in this purchase. And yet, Raley never knew Nordby. And Nordby probably arrived on the scene shortly after Collings and Teel got their hands on these stores. Also, this article claims that Raley's paid cash for these stores. And yet, their history book stated that it took three (3) years for Raley's to pay off the purchase for these stores. Also, there is a Sacramento Bee article from 1972 where Raley says in a few years he would like to expand after his Raley's stores reached the $100 million a year sales plateau (you can read that article below). So, in 1973-about eight after this article and before Raley reaches that $100 million a year sales plateau, he goes out and buys a chain of stores that are losing money- and he purchased it without any money at all. This article indicates that Raley's now has annual sales of $110 million with the acquisition of the Eagle Thrifty stores.
It appears that most of the articles written about Tom Raley and Raley's during the early 1970's may have been done specifically to mislead the community, and probably Raley's suppliers at the time. Trying to make everybody believe that they were doing well financially and that they weren't struggling. See were the article states:
"The Reno-based firm was purchased for cash, but the price was not announced."
If you notice that the date on this newspaper article is June 14, 1973. Why did Raley's wait until November 7th of 1973 to publicly announce, again in a Nevada advertisement, that they had purchased Eagle Thrifty on July 1, and that they are now going to make a "name" change?
Well, the reason is probably a very simple answer. Nordby told the three (3) men at Raley's who hired him, that it would take approximately one (1) quarters business (13 weeks) for Raley's to see the results of his program that was being tested at six (6) stores that Raley's had given to him to implement his profit increasing program (this was happening right about the same time as Raley's purchasing the Eagle Thrifty chain.) At the end of those 13 weeks, Raley's see's the incredible, great results. They were so excited by the results, that Collings and Teel abandoned their plan to bankrupt the Eagle Thrifty stores (which had already been quietly incorporated to be the "Eagle Thrifty Corporation" at the end of June and early July of 1973) and ran this Ad, seen above, in November of 1973.
And, do you know what is strange about all of this? The fact that Nordby was never even told about Raley's owning the Eagle Thrifty stores in Nevada until months after Nordby was hired by these three (3) over achievers. Nordby never saw any small newspaper article claiming Raley's just bought the Eagle Thrifty stores. In fact, Collings probably knew that Nordby didn't see it, because Nordby probably showed up at Raley's main office, in Sacramento, shortly after that the public release of this Nevada store purchase.
It's very possible that the real reason Collings hired Nordby in the first place is probably because Nordby was going to be the scapegoat for when Raley's went bankrupt in California by 1974. It also appears by the article to the left that Collings was going to make sure that Jim Teel was going to be the scapegoat for when the Eagle Thrifty Corporation went bankrupt in Nevada. Why else did this press release state that Teel was going to be directing operations of the Eagle Thrifty stores in Nevada?
Does anybody really believe that Tom Raley is calling the shots at Raley's in 1973? In 1972, once again in that Bee newpaper article written about Tom Raley (read the article below in a PDF file), Raley indicates that Collings and Teel are more or less in charge. In fact, Raley states in that same 1972 article that "Raley's stores" almost run by themselves. LOL. Nowhere in this article to the left is Collings mentioned-this is the same guy that likes to stand alone in the middle of the Church that he buys in Elk Grove. Collings isn't mentioned because in my opinion Collings knows that these stores are going to go bankrupt very shortly and he wants no connection to these stores. That is until Collings assists Raley's in writing Raley's history book in 1989 to make him appear like he is the second coming of Christ.
It just amazing on how much deception is going on at Raley's in 1973.
Below is an article The Sacramento Bee wrote for their newspaper in October of 1972. This article was written approximately 8 months before Raley supposedly purchased a chain of stores in Nevada that were losing money.
Note: I have this article in multiple places as I like it and spread it around my website.
How much of what Tom Raley says in this article, written by The Sacramento Bee, in 1972, is really true? He says in this article that Raley's is doing fine. If at this time, most of Tom Raley's suppliers were stealing large sums of money from Raley's, how could this be true? Tony Ingoglia, a personal friend of Tom Raley and Raley's deli supplier in October of 1972, and probably while Tom Raley is giving this Bee interview, is submitting fraudulent invoices at Raley's main office. Chuck Collings was paying these dishonest invoices weekly without any scrutiny at all to this deli supplier dishonest practices. This deli company was over-charging Raley's on practically everything that they were delivering to the Raley's stores. And had Raley's not hired Charles Nordby in 1973, Ingoglia would have continued to submit these dishonest invoices up until the day Tom Raley would have had to put up his "Closed" signs on all his stores in 1974.
Raley in this October, 1972 Sacramento Bee Article, states that he plans on expanding his company in a couple of years by going public and offering stock. He says that once his current stores generate $100 million dollars in sales that maybe in two years it would be a good time to do this. Yet, only 8 months later, Raley, supposedly, buys a chain of stores in Nevada that were losing money. Raley's California stores during this time are also losing money in June of 1973. So, Tom Raley, the smartest grocer to ever peel a banana, thinks the best way to expand is to buy a chain of stores that were losing money. However, for Raley, this kind of expanding would have been only good for Raley's dishonest vendors, along with Raley's dishonest employee's and the thousands of Raley's shoplifters because they would have had more stores to steal from before the bankruptcy. LOL
What could be happening in this article below that The Bee wrote pertaining to Tom Raley and the Raley company back in 1972?
One: Raley could be using the media to mislead the public, Raley's suppliers, and his employees into believing that everything is OK with Raley's financially.
Two: Raley himself has been misled by Chuck Collings concerning Raley's financial well being at the time and is giving an upbeat report about Raley's and Raley's future.
Read through this article if you can, and see where Tom Raley states in this article that he knows how to run a grocery store. In 1973, when Nordby was hired as a consultant, Nordby reported that everything in Tom Raley's operation was being mismanaged. Pricing was terrible along with vendor, employee and shoplifting theft was rampant. There were no policies or procedures in place to prevent the large scale thefts from taking place. And most importantly, the two men Raley had running his company in 1973, were the two most inexperienced men Charles Nordby ever came into contact with (in his long grocery business career), who were in charge of a chain of grocery stores. And this was the number one reason why Raley's was headed for certain bankruptcy.