www.raleysexposed.com - EAGLE THRIFTY CORPORATION

Eagle Thrifty and the big scam...

Below represents the records pertaining to the Eagle Thrifty Drugs and Markets corporation of Nevada. This information can still be obtained through the corporate records division of Nevada's Secretary of State's office. Click here to go to a page on this site that shows their website. The Eagle Thrifty Corporation was dissolved in 1990 and the information can be seen below-above the 1973 articles of incorporation.

Charles Collings, James Teel, and (supposedly) Tom Raley purchased the Eagle Thrifty Drugs and Markets chain (in Nevada) during the month of June and established ownership of the stores on July 1, 1973. During the last part of June and early July, these three (3) men (and supposedly Tom Raley was one of the three) immediately formed a Nevada corporation called the "Eagle Thrifty Drugs and Markets Corporation." This was separate from the "Raley's corporation" of Nevada. How was Raley's able to purchase these stores? Raley's was broke in the summer of 1973. And why would Tom Raley purchase a chain of stores (that were terribly mismanaged) in Nevada that were losing money? The reason: Charles Collings and James Teel were going to bleed these mismanaged stores for all of the cash available until they went bankrupt.

So why didn't these stores go bankrupt like Collings and Teel had planned? Because in the summer of 1973 these two men (dishonest) were fortunate enough to run into a man whom they soon determined knew more about the grocery business than any man that they had ever met before. A man Charles Collings and James Teel would feel comfortable defrauding down the road.

Note: In 1958 there was an Eagle Thrifty Drug Inc in Nevada in which I couldn't find any record of at the Secretary of State's office...But I did find the names of the Gastanaga Brothers from the site AMERIKANUAK.Indice biografico and http://amerikanuindex.blogspot.com/2011/03/gascue-gurruchaga.html

Gastanaga Alzola, Eugene-Born in Winnemucca. In 1958, he was the vice-president of the Eagle Thrifty Drug Inc.
Gastanaga Alzola, Jose Joe "SJ" - Born in Winnemuca. In 1958, he was a member of the Eagle Thrifty Drug Inc.
Gastanaga Alzola, Martin-Born in Winnemucca. In 1958, he was president of the Eagle Thrifty Drug Inc

Shortly after the three amigos established the Eagle Thrifty Corporation in Nevada, it appeared Chuck Collings did some of his fancy fraud work in the State of California. By all accounts, one of the brothers who owned the Eagle Thrifty had filed paper work with the state of California during the 1960's. However, there was no information available in Nevada showing Eagle Thrifty being a corporation before July of 1973.

Nothing seems to add up in this story concerning the Eagle Thrifty Corporation. However, if you notice below, Chuck Collings is having a person by the name of Sandra Collings verify that a Chuck Collings and a Thomas Raley appeared before her. Did Thomas P. Raley really appear before her? The same Thomas P. Raley who didn't know at this time in 1974 that Charles Nordby was employed by him? Is Sandra Collings related to Charles Collings?