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.  

 


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