History
MTR Western was founded in Seattle, Washington in 2003 by Darren Berg with four Prevost H3-45 motorcoaches. By 2007, they were one of the largest premium motorcoach companies in North America, with facilities in Seattle, Portland, The Dalles, San Francisco, Salt Lake City, Vancouver, and Calgary, and winner of the BUSRide 2006 Motorcoach Industry Achievement Award.
MTR Western's three-year growth of 1,214.9% earned it national recognition in Inc. Magazine's "Inc. 500", a list of America's fastest growing private companies in 2007. The list ranks MTR Western as number 166 in America, number 9 in Washington, and number 3 in the Transportation category.
In 2008 they debuted in Metro Magazine's "Motorcoach Top 50" at number 17. MTR Western is known for their award-winning "compelling and creative" bus wrap designs.
- December 1, 2010 - According to the Seattle Times, Darren Berg was denied bail as result of potential flight risk in association with Federal charges alleging he orchestrated a ponzi scheme of approximately $100 million in losses for investors into his Meridian group of companies. MTR Western is in the process of being sold by a bankruptcy trustee.
- January 14, 2011 - MTR issued a press release announcing the sale of MTR Western and OC&W Coachways to GTO LLC.
- January 15, 2011 - According to the Seattle Times, "Financial scandals have trailed Frederick Darren Berg across the Northwest for more than 25 years — each linked to his unusual lifelong fixation on tour buses."
- March 25, 2011 - According to the Seattle Times, "Berg diverted as much as $85 million to his personal use, including $45 million channeled into the luxury bus company he established, MTR Western."
- February 8, 2012 - According to the Seattle Times, "Darren Berg Sentenced to 18 years in Washington States Largest Ponzi Scheme." http://seattletimes.nwsource.com/html/businesstechnology/2017465361_meridian10.html
- February 8, 2012 - According to www.mercerislandpatch.com, "Mercer Island Man sentenced to 18 years." (Including rare video footage of Darren Berg in a video made for the (last) MTR Western Company wide Christmas party held in Huntington Beach CA. December, 2008) http://mercerisland.patch.com/articles/mercer-island-man-sentenced-to-18-years-in-prison-for-state-s-largest-ever-ponzi-scheme#video-9083296
Read more about this topic: MTR Western
Famous quotes containing the word history:
“What would we not give for some great poem to read now, which would be in harmony with the scenery,for if men read aright, methinks they would never read anything but poems. No history nor philosophy can supply their place.”
—Henry David Thoreau (18171862)
“It may be well to remember that the highest level of moral aspiration recorded in history was reached by a few ancient JewsMicah, Isaiah, and the restwho took no count whatever of what might not happen to them after death. It is not obvious to me why the same point should not by and by be reached by the Gentiles.”
—Thomas Henry Huxley (182595)
“There is one great fact, characteristic of this our nineteenth century, a fact which no party dares deny. On the one hand, there have started into life industrial and scientific forces which no epoch of former human history had ever suspected. On the other hand, there exist symptoms of decay, far surpassing the horrors recorded of the latter times of the Roman empire. In our days everything seems pregnant with its contrary.”
—Karl Marx (18181883)