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: ABLES, JAMIE SHAWN  3449 HALL STREET CHATTANOOGA, 37415  Age at Arrest: 27 years old Arresting Agency: Chattanooga FRAUDULENT USE OF CREDIT CARD THEFT OF PROPERTY FUGITIVE (ARREST FOR CRIME IN ANOTHER STATE) --- BAILEY, COREY DEON  2440 4TH AVE APT 4 CHATTANOOGA, 37402  Age at ... (click for more)

Man Convicted Of 5th DUI To Lose Driver's License For 8 Years

A man who picked up his fifth DUI since 2006 pleaded guilty in Criminal Court on Thursday. Pablo Figueroa, 32, appeared before Judge Barry Steelman. Prosecutor Tom Landis said on April 1 Figuero was found passed out drunk behind the steering wheel of a vehicle that had its engine running. He was also charged with driving without a license and violation of the open container ... (click for more)

White Coat Syndrome And The Medical System - And Response (2)

Today I wish to share what I am feeling as a patient in our medical system. I am too old to put on airs at this point, and this is too pervasive of a problem for me to contain.   As I enter my AARP years, I am faced with so many medical encounters that evoke all kinds of uncomfortable feelings. I dread physician’s appointments riddled with government regulatory hypocrisy, ... (click for more)

Roy Exum: County Commissioners Not Getting Bang For Their School Bucks

The Hamilton County School Board passed a balanced budget to present to the County Commission at a Special Called Meeting on Thursday night. They also attached a prioritized list of $24.5 million in critical needs for the County Commission to consider that will never see the light of day. The long and short of it is easy to see -- the County Commissioners have had enough. It ... (click for more)

Sales' Grand Slam Leads Lady Owls To 6-2 Comeback Win

Cheyenne Sales came close to hitting two home runs on Tuesday. She atoned for those close calls a day later with a grand slam in a five-run fourth inning and powered Ooltewah to a 6-2 victory over gritty East Hamilton in District 5-3A softball action at Jim Lovell Field. “That’s the first grand slam I’ve hit this season,” said Sales, who finished with five RBIs. “The pitch ... (click for more)

Red Bank's Kendall Farr Hurls No-Hitter Against Tyner

Kendall Farr was on the money Wednesday afternoon as she hurled a no-hitter and struck out seven as the Red Bank Lionettes blanked Tyner, 10-0, in six innings. Kelsey Peden and Destiny Painter both had two RBIs for the Lionettes while Hannah Wood had a triple and Sami Shrader a double.  Peden also had a double. With Farr improving to 3-2 on the season,, Red Bank finished ... (click for more)