Former Professional Football Player Charged for Running $10 Million Fraud
Washington D.C., Aug. 10, 2016 — The Securities and Exchange Commission allegedly charged Merrill Robertson Jr., a former player for the Philadelphia Eagles, with defrauding investors, including coaches he knew from his time playing football for the Fork Union Military Academy and the University of Virginia.
The SEC’s complaint, filed in federal court in Richmond, Virginia, charged Robertson, Sherman C. Vaughn Jr., and the company they co-owned, Cavalier Union Investments LLC. According to the complaint, nearly $6 million of the more than $10 million funds raised from investors was diverted to pay for personal expenses and were used to repay earlier investors.
Intraday Overdrafts by Banks Do Not Give Rise to an Antecedent Debt
Sarachek v. Luana Sav. Bank (In re Agriprocessors, Inc.), No. 15-CV-1015-LRR, 2016 U.S. Dist. LEXIS…Read More
Quantum Foods – Opportunity For Leave to Amend a Complaint be Freely Given
Official Comm. of Unsecured Creditors of Quantum Foods, LLC v. Indep. Purchasing Coop., Inc. (In…Read More
Defendant Fails to Rebut the Presumption of Insolvency or Demonstrate that a Genuine Issue of Material Fact Exists as to the Debtor’s Solvency At the Time of the Transfer
March 17, 2017, New York Geltzer v. Fleck (In re ContinuityX, Inc.),Nos. 13-10458 (MKV), 15-01015…Read More
Trustee Successfully Avoids Fraudulent Transfers from Oil and Gas Companies
October 13, 2017, Northern District of Texas – Debtor Aeon Operating, Inc. was oil and…Read More
Trustee Established Presumption of Fraud under Section 548(a)(1)(A) to Recover the Alleged Transfer as Fraudulent
Doeling v. O’Neill (In re O’Neill), Nos. 14-30569, 15-07005, 2016 Bankr. LEXIS 1771 (U.S. Bankr….Read More