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August 13, 2008

UST Requests Chapter 11 Trustee in Michael Vick Case

Yesterday the US Trustee filed a motion seeking appointment of a chapter 11 trustee.  It seems that the gentleman Vick wanted to be his financial adviser has just been sued by the SEC for securities violations.  The prior financial adviser has been accused of taking significant assets without telling anyone.  Without a "financial adviser," Vick will have to be the fiduciary of the estate himself.  He does not get out of Leavenworth until next summer.  The UST has requested a hearing on shortened notice.   

August 13, 2008 in Current Affairs | Permalink

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