Going to be interesting to see where the "unaccounted" funds actually are from these checks that are supposedly being held in a "trust" by Davis accounting.
After reading that i guess MD did'nt have a shoe box full of receipts, it was this joke of accounting firm who has the shoe box. imo No wonder we (CPRK) investors always got the run around about financials.
lol Where do I start. I really didn't want to weigh in on this matter. I said from the very beginning that this was going to be an all out war. This war actually started 3 years ago. There are no nice guys here. Other than the EHC. It won't be long before the jackals will be fighting over the scraps in what is going to be a very long drawn out expensive ugly war. Also, is anyone interested in another Kiss of Death prediction from Richard the Realtor? What do you say Ken and Sleep?
I just reviewed the other doc associated with your posting. Davis accounting is in hot water with the Feds or soon to be once the judge rules on this motion. There is no question he took control of funds after BK protection was in place and has to give them over to the estate. The accounting records being WUCC property may be a topic for debate but I am pretty sure that is no brainer and WUCC will get those as well.
The judge is probably going to issue an order on this in the next week or so since it involves monies.
Failure to comply by Davis will be a Federal crime which will result in an indictment/arrest warrant and subsequent arrest by the Federal Marshals. There is no way a Federal judge will allow somebody to get away with this type of behavior.
I wonder if this guy can comply? It leaves me wondering if he spent the WUCC monies that are supposed to be in the trust account and he is currently avoiding the inevitable criminal indictment/arrest as long as possible? He seems more than a bit shady since he advertised himself as a licensed firm etc...plus is currently refusing to give over trust account monies that are clearly the property of the Chapter 11 estate.
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