Guy Gibson had numerous e-mails with BK Trustees, and counsel about FDIC accounting of UWB assets--from 11/19/2013 till 4/14/2014. Was this the $150,000,000 in cash that was seized?
On 4/14/2014 from Kims billing statement
=========================================================
review email from S. Rodrigues regarding first quarter FDIC receivership Balance sheet
=========================================================
After 4/14/2014 no more mention of accounting from the FDIC in billing statements
From FDIC receivership documents (dividend paid)
=========================================================
10331 - UNITED WESTERN BANK 01/21/2011 Traditional Depositor 49.000 % 49.000 % 03/28/2011
==========================================================
The FDIC reported that UWB cost them $312,000,000----$150,000,000
is 48% of the $312m, and it was paid within 2 months of the seizure. (must have been cash that was on hand)
From Kims last update on the BK
The Trustee received correspondence from a former employee and director of United Western Bancorp, Inc. asserting the FDIC failed to account for $150,000,000 in capital owned by the Bank at the time of the takeover, and demanding the Trustee pursue this purported asset. Since his appointment, the Trustee has monitored the United Western Bank receivership. As of September 30, 2013, the UnitedWesternBankreceivershiphadanegativenetworthof$346,978,000. AsofSeptember 30, 2016, the United Western Bank receivership’s financial picture had improved but still showed a negative net worth of $168,140,000. Even if the former employee/director were correct that the FDIC failed to properly account for all of the $150,000,000 capital
