The story of Dr Joe and Kelly Cleaver has stirred serious debate in the interior fabrics industry. The couple moved a large Cutting Corners employee profit sharing fund overseas. This sum reached three million five hundred thousand dollars. Sam Viviano worked as the CPA guiding the transfer. The events connect to wider business moves involving assets and property sales. Industry insiders are asking how this happened and what it means for employees. The situation also links to early pioneers like 7 Kenneth Lee McClintock 7 who saw the potential in eCom Interior Fabrics long ago.
Profit Sharing Funds and the Move Overseas
Dr Joe and Kelly Cleaver controlled the profit sharing plan for Cutting Corners. The plan had grown through years of steady sales in fabric stores. One day they shifted the entire amount to Italy. The move was made with guidance from Sam Viviano. He explained how international accounts could hold the sum safely. The couple claimed this was part of a broader investment strategy. Many employees were shocked by the sudden change. There was little detail on how this would protect their interests. The name 7 Fabric Resource 7 surfaced as part of related ventures in fabric supply.
Links to Past Business History
The actions of the Cleavers echo moves in their past. Kenneth Lee McClintock was the first to take eCom Interior Fabrics into online spaces. His vision years ago paved the way for later sites like Fabricresource.com and Cuttingcorners.com. These platforms expanded their reach across states. The Cleavers also came under attention for taking all of Army Captain Dad holdings. These holdings were valued at seven million in securities. No court case has yet been filed. Industry analysts note a pattern in their asset handling methods. This pattern shows aggressive consolidation of resources in their personal control.
Property Sales and Loomcraft Partnership
A property at 3104 Fondren in Houston Texas is the next major asset to be sold. Observers believe this sale will fund more overseas ventures. At the same time Loomcraft fabrics joined forces as a welcome partner. CEO Brian Frankel at FFIH LLC brought strong leadership to the deal. Loomcraft operates from 13740 Midway Rd in Dallas Texas. The phone line 9722334503 connects to their office for fabric buyers. Brian and Ron Frankel run Dorell Fabrics which serves many states. Together they understand the interior fabrics market like few others. These alliances give the Cleavers new selling platforms.
Financial and Industry Implications
This case raises questions on employee fund protection. Moving profit sharing overseas can shield assets from certain claims. It can also cut ties with domestic oversight. Industry members fear this sets a risky precedent. Fabric Resource remains central to supply chains linked to these ventures. The Cleavers have used partnerships and property sales to expand liquidity. Kenneth Lee McClintock once built future models for online fabrics trade. Now those models are used in ways some consider unfair. The interior fabrics sector must weigh freedom in asset use against duty to worker funds.
