The January 9th "Asset Search News Roundup" provides an update on a couple of matters from Minnesota:
- Both "Money Laundering By Minneapolis Managers?" and "Associated Bank Sued For Supposedly Ignoring Red Flags" described pending civil complaints against suspected securities fraudsters Trevor Cook, Patrick Kiley and their companies. Another complaint filed against them was commenced on November 23, 2009, in Minnesota by the U.S. Commodity Futures Trading Commission. Click here, to view the November 23rd complaint.
- My October 20, 2009, article "Has Auto Magnate Dennis Hecker Hidden His Assets?" discussed Mr. Hecker’s bankruptcy and divorce proceedings in Minnesota. On January 6, 2010 "Judge’s patience with Hecker runs out", reported that Mr. Hecker had delayed discovery sought by bankruptcy creditor Chrysler Financial.
The delay was apparently caused by Mr. Hecker’s claim that he was somehow entitled to Fifth Amendment protection against self-incrimination, in his civil bankruptcy case. As "Judge to Hecker: Repay or go to jail" stated, Mr. Hecker also reportedly "looted" $125,000 which was the subject of his now finalized Hennepin County divorce proceeding.
Copyright 2010 Fred L. Abrams