Alleged fraud and bankruptcy fraud of Calvin Wallen III, Chairman, Cardiovascular Biotherapeutics (CVBT). As I’m reading through the claims made by the bankruptcy trustee for Tauren Exploration, Inc. Liquidating Trust against Calvin A. Wallen III and his related entities, I just want to state that all of us should avoid jumping to any conclusions about Mr. Wallen's guilt until the verdict is in. Based on my first reading, the claims of bankruptcy fraud and other fraud against Calvin Wallen appear to be highly credible with lots of evidence. But I STRONGLY believe Calvin Wallen III deserves the presumption of innocence until the verdict is announced. I believe the trial is scheduled to take place August 2018. The verdict should be known soon thereafter.
I will be making future posts detailing the claims against Calvin Wallen III and his various companies by the bankruptcy trustee.
If you would like to look at and assess the legal documents and the claims against Calvin A. Wallen 3rd yourself, here is where you can find them:
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