Perhaps it's from borrowed money from TCA. Their original agreement was up to $5M. A fraction of that was used towards the purchase of the Jeep dealership. The collateral are the assets from the Jeep dealership. That is why TCA has filed a separate suit against Grimm and Associates. Since KATX defaulted on agreed payments to TCA (b/c they allegedly were not getting revenue from Grimm and Associates), TCA seized control of the assets. From what I remember, TCA mentioned that whole scenario in their court filing.
Ken is(was) also suing Grimm and Associates for court costs.
News 
Market Data 
Discover 
