For some reason my comment disputing claims on here keep being deleted. I thought this message board was open for discussions about facts. I will have to reach out to Investor Hub admin because I feel that certain moderators are trying to control the narrative on this board.
A message on the board keeps talking about “fraud”. Yet refuses to answer the basic question of “do you understand what Fraudulent Transfer means?”
Take the time to read up on the case. It is being grossly misinterpreted on this board. The case referred to that a poster on this board keeps referring to has been extended by the petitioner (the trustee) who isn’t an independent party but is the same party as the creditor. Judge Hale, a graduate of LSU, appointed the creditor, also a LSU graduate, as the trustee. More than highly unusual and certainly not independent.
There has been no “forensic accountant” appointed by the trustee/creditor. This is more misinformation. The background of the case is that Mr. Wallen who owned 100% of Tauren transferred assets from the company which he owns 100% of approximately 2 and a half years prior to the bankruptcy and that’s what the creditor is trying to claw back. The reason for the continual extensions is that the creditor and Wallen are negotiating a settlement between them.
That is what happens with a fraudulent conveyance case. I hope this helps educate certain people about what is going on.
Reread CVBTECH’s posts that explain things succinctly but the anti-Wallen person keeps conveniently ignoring time after time.
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