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.  

 


Catoosa County Arrest Report For May 15-21

Click  here  for the Catoosa County arrest report for May 15-21. (click for more)

Lookout Mountain, Ga., Sets Rules For Use Of Golf Carts On City Streets

The Lookout Mountain, Ga., City Council passed on first reading on Thursday night an ordinance permanently allowing golf carts on certain city streets.    This adopts the city’s current laws that have been in place the last two years.    The police department will continue to enforce the following laws in regards to the golf cart ordinance: ... (click for more)

Don't Make A Mockery Of Memorial Day

We're told Memorial Day is the day to honor those who made the ultimate sacrifice in order that we, as Americans and others around the world, might live free, unshackled (invisible or otherwise) and without oppression. But how is that so when so many in America continue to be denied those freedoms? Others whose family and friends made the ultimate sacrifice? Their surviving families ... (click for more)

Roy Exum: Chincoteague Mourns ‘Dude’

In the span of a person’s life, there are some things that simply can’t be explained to be totally understood. And of all the spectacles I have ever personally witnessed, one of the best is that day in late July when they “pen the ponies” at Chincoteague Island, Va. I’m serious. Over 50,000 people watch every year as volunteer “Saltwater Cowboys” swim the wild ponies to the mainland ... (click for more)

Signal Mountain Girls Win Second Straight A-AA Track Title

MURFREESBORO – The Signal Mountain Eagles won last year’s Class A-AA state track title by a scant six points, but it wasn’t nearly that close this year. With Camryn Bowman and McKenzie Ethridge both winning two events, the Eagles had a one-point lead following the field events, but ending up scoring 96 points and winning by 24 over runner-up East Nashville. While Signal Mountain ... (click for more)

Baylor To Face GPS Again For D-II State Softball Title

MURFREESBORO – It will be another Baylor-GPS battle for the championship in Division II softball as Baylor advanced with a 10-3 win over St. Benedict while GPS later beat the Lady Eagles by a 2-0 final for the right to face the Lady Red Raiders again. This year’s D-II tournament was similar to last year as Baylor beat GPS on the first day before the Bruisers came back and beat ... (click for more)