A court-appointed receiver is combing through the financial wreckage of First Liberty Building & Loan, the Newnan-based company accused by federal regulators of orchestrating a $140 million Ponzi scheme that defrauded hundreds of investors.
The court-ordered receiver handling the case against Newnan-based First Liberty Building and Loan has created a website so potential victims can get the very latest information on what the feds are calling a $140 million Ponzi scheme.
Mr. Hays, a court-appointed guardian of failed GOP-tied lender, begins work to recover funds from alleged Ponzi scheme.
Mr. Hays, a court-ordered receiver, began removing computers and financial documents on Monday from the First Liberty Building and Loan Company.
The man behind a massive used phone scheme is accused of violating court orders. “Returned to sender.” That’s the stamp on hundreds of boxes of used phones, now on their way back to customers who sent them in to Laptop and Desktop Repair in Sparks, Nevada.
Company owner David Kruchin is suspected of acquiring phones by short-changing his clients, then selling their phones for big profits on eBay and elsewhere.
Money Tree Execs Owe $3m In Damages To Creditors Jury Says – Law360
Will unhappy customers get their devices back—or maybe even refunds for their phones & laptops?
Hays was appointed as Receiver for this operating business in Reno, Nevada on September 26, 2016.
