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: ACUFF, DEBORAH LYNN  3334 E. 34TH ST CHATTANOOGA, 37407  Age at Arrest: 55 years old Arresting Agency:  INDECENT EXPOSURE --- ARNOLD, KENNETH ROGER  3711 CLIO AVENUE CHATTANOOGA, 37407  Age at Arrest: 52 years old Arresting Agency: Hamilton County Booked for Previous Charges ... (click for more)

Councilman Banks Asks Bradley Schools To Dismiss Liquor-By-The-Drink Lawsuit; Fivas Hits The Ground Running

The courts have twice ruled in favor of the city of Cleveland regarding taxes generated by the sale of liquor-by-the-drink, Councilman Richard Banks noted at the Cleveland City Council meeting Monday afternoon. Therefore, he made a motion to ask the new Bradley County School Board to dismiss its lawsuit against Cleveland. That board has been seeking to be paid a large portion of ... (click for more)

Of Course Gangs Are A Public Nuisance

Now, I don't know it all.  Beginning with my parents, folks of all sorts have been actively pointing out my ignorance for more than seven decades now.  So I'm well aware that I don't know it all.  In recent months I've begun to develop an appreciation for the local work of Mr. Neal Pinkston; I've been impressed with several things he's been doing in his official ... (click for more)

Roy Exum: Arnold Palmer’s Greatness

This is hardly meant to be flippant but I’d be willing to bet I’ve been in the presence of more great people than anyone you know. I’ve never ranked them, or ever dared to wonder who was the greatest, such as Muhammad Ali or Elvis Presley, but there are two traits that those who reach the highest pinnacle have in common. First, not a one of them was any good at what made them famous ... (click for more)

Vols' Dobbs, Barnett Grab SEC Player of Week Honors

BIRMINGHAM, Ala. – Tennessee quarterback Joshua Dobbs is the SEC Offensive Player of the Week and end Derek Barnett the SEC Co-Defensive Player of the Week. This week's honor marks the first time this season that a Vol has earned SEC Offensive Player of the Week. Dobbs was the last UT player to win the award in Week 6 of 2015 following his performance in the Vols' ... (click for more)

Craine, Ribeiro Named SoCon Players Of The Week

Two University of Tennessee at Chattanooga football student-athletes were named Southern Conference Players of the Week, following the Mocs' 41-21 win over Samford on Saturday.  Seniors Derrick Craine and Henrique Ribeiro both earned recognition from the league office announced today. Craine rushed for a career-high 222 yards on 23 carries with two touchdowns in the win. ... (click for more)