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

Here is the latest jail booking report from Hamilton County: AKINS, JAMIE ALISON  5862 DAYTON BLVD APT 2 CHATTANOOGA, 37415  Age at Arrest: 48 years old Arresting Agency: Chattanooga ASSAULT --- BARNES, STEVEN LOUIS  HOMELESS CHATTANOOGA, 37403  Age at Arrest: 50 years old Arresting Agency: Chattanooga PUBLIC INTOXICATION --- BENFORD, ... (click for more)

Men Sentenced For Conspiracy To Use Weapons Of Mass Destruction

Brian Cannon, Terry Peace and Cory Williamson have been sentenced for conspiring to use weapons of mass destruction in attacks against federal government agencies.  The defendants planned to attack critical infrastructure while motivating militia groups in other states to rise up and join them in removing government officials who they believed had exceeded their Constitutional ... (click for more)

Vote To Save Graduate Medical Education Funding

As a resident physician at UT College of Medicine Chattanooga, I know first-hand the impact Medicare financing for Graduate Medical Education has on physician education and access to care for patients in our community and communities all over the country.  GME funding provides medical school graduates the opportunity to complete the required years of clinical residency training ... (click for more)

Roy Exum: ‘Black Lives Matter’ To Me

Between the time a 14-year-old boy was shot four times late Sunday afternoon on 7 th Street and a 20-year-old reputed gang member was killed Tuesday night on Willow Street, there appeared in my morning reading an article on “Black Lives Matter.” I read it because I mourn over what the black community continues to struggle with in both our city and our country. It is an article, ... (click for more)

Cleveland Hangs On To Beat East Hamilton, 18-15

Cleveland built an 18-0 lead – the third score came on Skyler Davis’ 91-yard interception return in the third quarter – and then had to hold on as East Hamilton mounted a comeback that fell just short in the Blue Raiders’ 18-15 victory Friday night at East Hamilton. Davis’ big defensive play gave the Blue Raiders the needed points to pull out the victory. “That was great,” ... (click for more)

Tyner Shocks Notre Dame In Overtime Thriller

Oh, what a difference a year makes. The Tyner Rams only won two football games a year ago and didn't make the playoffs for the first time in coach Wayne Turner's 24 years as their head coach. Now a season later, the Rams have equaled last year's win total, the latest being a 27-21 overtime victory over the Notre Dame Fighting Irish in a game where there were more momentum ... (click for more)