Attorney Says Jack Brown Anxious To Talk About Case In Which Investors Lost Millions Of Dollars

Tuesday, February 19, 2013

Attorney Tom Ray said former Soddy Daisy tax advisor Jack E. Brown is "anxious to talk about" the case in which dozens of "investors" say they have losses totaling in the $12 million range.

But the interview did not happen as scheduled on Tuesday.

Attorney Ray said Brown, 58, was willing to answer questions at a residence where he is staying with relatives.

However, U.S. Trustee Bill Sonnenberg and the trustee assigned to the case, Jerry Farinash, said that was not acceptable.

They wanted it done at the Bankruptcy Court where they were waiting at 9 a.m.

Instead of Mr. Brown appearing, attorney Ray read a letter from his doctor saying that, due to his medical condition, he could not be brought by ambulance to the building on 11th Street.

Trustee Farinash said the case is "too contentious" and feelings are still running too hot to have had the meeting of creditors at a house without metal detectors and proper security. He noted that creditors would have the right to quiz Mr. Brown at the meeting. 

Mr. Brown, who had a tax service in Soddy Daisy, recently was released from Memorial Hospital. However, attorney Ray said he still has serious medical problems and has to be on dialysis three times a week.

But he said Mr. Brown is willing to give a full statement without invoking the Fifth Amendment.

"He is very sorry that all this happened," attorney Ray said.

Attorney Ray said the only thing keeping the case from being settled is "peanuts." He said the Browns are only asking that they be allowed to keep a few personal items that are special to them.

He said as long as the case drags on, attorney fees and court costs will continue to build up.

Trustee Farinash said there is no agreement regarding those items, and he said there is an issue of whether any assets are being concealed. He said the matter is complicated because there is also a bankruptcy case involving Brown's wife, Janet.

A new date for the creditors meeting is March 26.  

  


Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ANDRES, RUBEN  1712 E 27TH STREET CHATTANOOGA, 37407  Age at Arrest: 23 years old Arresting Agency: Hamilton County VIOLATION OF PROBATION (POSSESION OF A CONTROLLED VIOLATION OF PROBATION (DRIVING UNDER THE INFLUENC --- BACCUS, PIERRE JAWAUN  31 WANDO DRIVE CHATTANOOGA, 37412  ... (click for more)

Person Injured In Drive-by Shooting On North Germantown Road Friday Afternoon

A person was shot early Friday afternoon on North Germantown Road.  The Chattanooga Police Department responded at 1:45 p.m. to the 700 block of North Germantown Road on a person shot.   The victim was suffering from a non-life threatening gunshot wound, and  was transported to a local hospital by HCEMS.   The victim was shot from a suspect ... (click for more)

Roy Couldn't Possibly Be More Wrong - And Response (5)

Spreading false information isn't only harmful, as we've been made aware recently. The spread of false information can be outright dangerous.   Calling himself a Christian and all, Roy truly disappoints on so many levels with his recently opinion piece about black students attending predominately white schools being the cause of so much problems and grief at those schools. ... (click for more)

Roy Exum: The Facebook Starlet

The Pants Store, a toney women’s boutique in Birmingham’s Mountain Book community, held its annual Holiday Open House about a week or so and, as usual, the popular store was full of customers and holiday cheer. It was a festive gathering, fun for all, but as store employees cleaned up for the next day, they happened across an empty designer-shoe box and a brassiere somebody had ... (click for more)

CSAS Gets Defensive In Win Over Boyd-Buchanan

High school basketball is still in the early stages of the 2016-17 season, but CSAS coach Mark Dragoo is already seeing improvement from his team and they’ve only played four games. The Patriots are always a good team with lots of quick, athletic players who can shoot well and play sticky defense. That was the case on Friday night at Boyd-Buchanan as the Patriots shot well ... (click for more)

Bradley Girls Stave Off Stone Memorial's Upset Bid, 48-46

The Bradley Central Bearettes’ ninth straight win to open the high school basketball season was their toughest to date. The Bearettes got a game-winning field goal from junior standout Rhyne Howard – on an assist by Halle Hughes – with no time left on the clock for a 48-46 non-district victory over stubborn Stone Memorial at Jim Smiddy Arena on Friday night. After a turnover ... (click for more)