Grifco Inc (GFCI)

[cyofish]

B2L, my opinion is based on recent experience with a similar case I was involved as a plaintiffs in a class action suit against a shady derivative brokerage house. The suit lasted over 3 years and was settled December 2009. The defendants settled with Federal prosecutor for $5.6 million in fines and restitution. When I followed up with the attorney a few weeks ago regarding the settlement he told me that the Treasury department is reviewing the assets of the 3 defendants. He said "I'll be honest with you, in most of these cases we rarely find any assets". So in short, we got the settlement we wanted on paper but in reality we got nothing but a moral victory.

Also keep in mind the Bowling Alley is owned by John Jarvis so that won't be an asset the State can claim. As for the strip club, condo etc. it depends one how much equity they have as its quite possible they have a mortgage against the asset. As I recall GGI supposedly loaned JD $400K to purchase the strip club. Also, some of the assets can be held in a trust in which it would be very difficult to get to. As shady as these guys are I'm sure they're a step ahead of the law when it comes to hiding assets.