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: ADAMS, DUSTIN LEE  HOMELESS CHATTANOOGA, 37402  Age at Arrest: 25 years old Arresting Agency: Chattanooga POSSESSING A FIREARM WITH INTENT TO GO ARMED BURGLARY THEFT OF PROPERTY THEFT OF PROPERTY --- AGUSTIN, SARA CLEMENTINA  3003 4TH AVENUE CHATTANOOGA, 37407  Age at Arrest: ... (click for more)

Tennessee Delegation Urges Transportation Secretary To Work With Haslam, State Officials On Highway Funds

Every member of Tennessee’s Congressional delegation this week urged U.S. Secretary of Transportation Anthony Foxx to work with Governor Bill Haslam and state officials to find a solution to a problem that threatens Tennessee with the loss of $60 million in urgently needed highway funds.  The National Highway Traffic Safety Administration said this month that a new Tennessee ... (click for more)

Alexander Should Do Something About The Affordable Health Care Act Price Increase - And Response (3)

Re:  Alexander's remarks about Tennesseans not affording "Affordable Health Care Act" prices Mr. Alexander,  Your message stated, Tennesseans can't afford a 44 percent to 62 percent increase in the Affordable Care prices.  I simply ask, as Senate Health Committee chairman, why don't you do something about it?  Don't tell us something most know already.  ... (click for more)

Roy Exum: Abused By An EpiPen

It is a good guess that for about 30 years I have kept an EpiPen on the top of my refrigerator. I have never had to open the box, much less jab a dose of life-saving epinephrine into a person suffering from anaphylaxis. Whether it is a bee sting, peanut butter, shellfish or other allergies, I watched somebody come within inches of dying in my early 20s and swore I would have one ... (click for more)

Sale Creek Storms Past Central, 3-0, In Volleyball Action

Despite playing short-handed, Sale Creek’s once-beaten Lady Panthers made short work of Central, 3-0, Thursday night in high school volleyball action at Central High School. The Lady Panthers sprinted to their 11 th win in 12 matches this season by whipping Central 25-21, 25-13, 25-8 in the non-district matchup. “We played well today,” Sale Creek coach Debbie Hill said. ... (click for more)

Grace Wins In Celebration Of Coach Waters' Birthday

The Grace Academy volleyball team had several reasons to play well at Silverdale on Thursday night, not to mention that it was head coach Hillary Waters’ birthday. Facing the Lady Seahawks in a key District 5-A match, the Lady Golden Eagles did what they had to do as they won the match in four sets as they improved to 6-2 overall and 3-0 in 5-A. Set scores were 25-15, ... (click for more)