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Risicare

07/09/10 5:43 PM

#325205 RE: puppydotcom #325202

The 10million+ they claim in assets is gong to be a hoot. I bet it is nowhere near that. I wonder how they managed to stiff over 100 people/companies. That is a lot of creditors.
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taint_she_sweet

07/10/10 10:03 PM

#325465 RE: puppydotcom #325202

wrong wrong wrong. the trustee that will be appointed is an employee of the DOJ. Secondly, civil cases take a back seat to the bankruptcy court. it is a matter of constitutional law. DOJ-executive branch
SEC-independent agency, basically an arm of legislative branch as it was formed by congress. criminal charges can be pursued but since there have been no indictments the trustee will have a broad range of authority in deciding the progress of the fbi investigation.

convoluted? yes. but it is in fact the law.