Trustee In Jack Brown Ponzi Case Reaches Agreements With Janet Brown

Friday, January 25, 2013

The trustee for the bankruptcy in which Soddy Daisy tax advisor Jack E. Brown is charged with carrying out a major Ponzi scheme said Thursday he has reached some agreements with Brown's wife, Janet.

Attorney Jerry Farinash told Bankruptcy Judge John Cook that Ms. Brown will not oppose the sale of certain family assets, including Brown's Tax Service.

In return, Ms. Brown will not be required to testify at a hearing that had been set.

Also, he said an upcoming creditors meeting has been postponed.

Trustee Farinash said Janet Brown has agreed to release records of family accounts in Community National Bank and First Volunteer Bank.

The trustee recently filed suit against Janet Brown as well as Jason Brown, son of Jack and Janet Brown, asking the court to order that they not dispose of any assets that might have been obtained from the alleged $12 million Ponzi scheme.

The suit said Ms. Brown was listed as a 25 percent partner in Brown's Tax Service, but it said the operation was primarily run by Jack E. Brown, who is in failing health.   


Latest Hamilton County Jail Booking Report - And Mug Shots

Here is the latest jail booking report from Hamilton County: AMINI, ROBERT ALLEN     425 425 NORTHMONT ROAD HIXSON, 37343     33     Chattanooga          DRIVING WHILE IMPAIRED     IMPLIED CONSENT LAW - DRIVERS BALDWIN, ANTONIO JARQUISE     2100 CLEVELAND AVENUE ... (click for more)

Latest Hamilton County Jail Booking Report - And Mug Shots

Here is the latest jail booking report from Hamilton County: AUSTIN, CHRISTIAN JAMES     727 E 11TH STREET CHATTANOOGA, 37402     26     Chattanooga          PUBLIC INTOXICATION BALL, CHRISTINA JEAN     1267 LEESIDE LANE HIXSON, 37343     29     Hamilton ... (click for more)

When The City Was Silent - And Response

I don't know how to say this without getting my head handed back to me on a platter as is often the usual case. But at least I no longer receive the hateful (even threatening) emails and insults I became accustomed to. So I'll just bite and say it: I honestly don't see anything expressed by the NSM that hasn't been said locally on some level at one time or another, and ... (click for more)

Roy Exum: God Could Use You…

In the spring of 1968, this just before pro golfer Billy Casper would win six tournaments that year and be the leading money winner on the tour, the wildly-popular “Buffalo Bill” was in Japan playing some off-season tournaments. He was asked if he would like to visit some American soldiers who had been seriously wounded and Casper, ever the gentleman, said of course. As he melted ... (click for more)

Injury Ends Playing Career Of Bradley Central's Chelsie Summars

Bradley Central girls basketball star Chelsie Summars, who underwent two serious operations on her right knee that wiped out her sophomore season, has suffered a third injury that will end her playing career, Bearettes coach Jason Reuter said via text. Summars, who helped the Bearettes win district, region and sectional titles en route to the 2013-14 Class AAA state tournament, ... (click for more)

Lenoir, Kelly Sisters Of Milligan College Earn All-AAC Tennis Honors

Three former Arts & Sciences tennis players have been named to the 2014 Appalachian Athletic Conference All-Conference squad. Jackson Lenoir, Ahmee Kelly and Kayla Kelly, who attend Milligan College, were selected to the men’s and women’s all-conference teams. Lenoir, now a sophomore, helped Milligan win the 2013 league championship and reach the 2014 semifinals. The ... (click for more)