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| NEWS - SEC Charges Marc Dreier with selling false Promissary Notes -(sound familiar) -Press Release (here) & Complaint (here) The Creditors in the Marc Dreier Ponzi scheme are much more aware of the need to be proactive they seek to put Marc Dreier into personal bankruptcy (here) We noted months ago that the Creditors in the Petters debacle should be putting him into personal bankruptcy - even if the Court defies the Law and permits Douglas Kelley to be the Trustee, the fact of the matter is - in Bankruptcy - all things will be forced to be public and any violations of such would provide all parties the right to appeal any item - such as the appointment of Kelley as Trustee |
| For the curious minded a drafting by Traub of Petters PillowTex failed bid (here) |