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.  

  


PHOTOS: Bethlehem Students Celebrate Completion Of 6-Week “Read To Lead Academy”

Police Chief Fletcher Announces Picks For Top Leadership

Police Chief Fred Fletcher Wednesday made his picks for top leadership, releasing the names of 15 newly promoted individuals from within the Chattanooga Police Department. This announcement comes several weeks after Chief Fletcher was appointed.  “I am honored to announce today’s promotions," said Chief Fletcher.  "Together these individuals have served our community ... (click for more)

The Truth From Weston’s Sister - And Response (4)

I try not to read the negative articles and opinions about my older brother. Growing up around politics, I learned a long time ago that thick skin is not only necessary, it’s paramount. But this time, the lies and the rumors and the inaccurate information has gone too far. It’s too ridiculous for me to ignore. So let’s clear a few things up: Weston and I do not “come ... (click for more)

Roy Exum: Say It Ain't So, Larry Joe!

Larry Joe Wheelon, the tainted horse trainer who was charged with 18 counts of aggravated animal cruelty when his barn was raided in April of 2013 and some animals were sored so badly that they could barely walk, finally went to a court hearing in Blount County on Wednesday and his steps toward Judge Tammy Harrington’s bench were decidedly heavy. My goodness, yours would have been ... (click for more)

Mocs Picked First In SoCon Polls

The Chattanooga Mocs football team is the pick of litter in the Southern Conference. Coming off its first league title since 1984, the SoCon coaches and media deemed the Mocs the team to beat in 2014.   “It means we have good players,” Head Coach  Russ Huesman  said. “There is a long way to go from now until late November (when the regular season ends). ... (click for more)

Soddy-Daisy's Wright Commits To MTSU Baseball

Soddy-Daisy’s Andy Wright, a rising senior and dual-threat player, has made a non-binding verbal commitment to play baseball at Middle Tennessee State University. Wright, a pitcher/third baseman, chose the Conference USA Blue Raiders over Belmont, Air Force, Navy, UT-Martin and Carson-Newman. “I’m glad to get this (decision) off my back so I can enjoy my senior year,” Wright ... (click for more)