Attorneys May Quiz Jack Brown Further In Alleged Ponzi Scheme Case

Thursday, April 18, 2013

Attorneys said they want to question former Soddy Daisy tax advisor Jack E. Brown further concerning an alleged $12 million Ponzi Scheme.

Bankruptcy Judge John Cook on Thursday directed that attorney Tom Ray continue as his attorney for the time being.

Attorney Ray had asked that he be allowed to withdraw, saying he has worked far beyond his $10,000 retainer. He also said the case is essentially wrapped up.

He said the Browns have vacated their upscape compound north of Soddy Daisy and taken the few items they were allowed to keep.

He said a two-hour creditors meeting was held at which Jack Brown willingly answered questions.

Bankruptcy Trustee Jerry Farinash and Nicholas Foster of the U.S. trustee's office said they have many additional questions.

Trustee Farinash said, "There are hundreds of pages of documents that we'd normally question him about." But he said the poor health of the tax advisor had limited the questioning opportunities.

He added, "We haven't even touched the surface yet."

A new date for the questioning has not been set.  

 



Get Emailed Headlines From Chattanoogan.com; Like Us On Facebook, Twitter For Instant News

We send out headlines each day of the latest Chattanooga news.  Our news headlines have links that take you to the stories with a click. We also send out special emails if there is a highly significant local news story breaking so you will be aware of it quickly. To be added to the email headline list, just email us at news@chattanoogan.com In addition, like us ... (click for more)

Latest Bradley County Arrest Report

Click  here  for the latest Bradley County arrest report. (click for more)

Vote No On The Rezoning For A New Landfill In Harrison - And Response (2)

County Commissioners, please consider the following facts when voting on the rezoning request for a new privately-owned C&D landfill in Harrison.  Use of this property for a landfill has been rejected by the county three times in the past (1971, 1984 and 2007).  In 1971 and 2007 the County Commissioners unanimously rejected the proposal.  In 1984 the ... (click for more)

Roy Exum: UT A 34-Point ‘Dog

I can’t remember a time in my life when a University of Tennessee football team has been a five touchdown underdog and this comes at a time when my primary-care physician tells me, “Let’s face it … you are old.” That said, even when I look at myself naked in the bathroom mirror I ain’t as ugly as what I fear will happen in Tuscaloosa this coming Saturday. I can remember the Tide ... (click for more)

Things Just Get Tougher For Vols -- No. 1 Tide On Horizon

The Tennessee football team returned to practice on Monday at Haslam Field with the Vols’ attention focusing their attention on Saturday’s Southeastern Conference game against top-ranked Alabama. UT will travel to Tuscaloosa for a 3:30 p.m. matchup with the Crimson Tide at Bryant-Denny Stadium. CBS will televise the game, in which Tennessee is an early 34-point underdog. ... (click for more)

Randy Smith: Not A Typical Third Saturday In October

Top-ranked and unbeaten Alabama is a 34-point favorite over Tennessee this weekend in Tuscaloosa. That mere fact alone tells you this match up is anything but a typical Tennessee-Alabama game. Have the Vols really fallen that far behind Alabama in a short period of time? I believe they have. Alabama is very good, period. I joked on my radio show this week that the more ... (click for more)