Moncure still silent in bankruptcy case
By Lindley Estes, The Free Lance-Star, Fredericksburg, Va. | |
McClatchy-Tribune Information Services |
The meeting of creditors was held in the
Trustee
Moncure declined to answer all questions by invoking his Fifth Amendment right against self-incrimination.
Moncure, 41, is being investigated on allegations that he did not use real estate investment funds for their stated purpose in the
This stems from an email Moncure sent on
Investigators, both of
During the first exploratory meeting with creditors in May, about 40 people, mostly creditors and attorneys, attended and asked questions, while Moncure responded, "I plead the Fifth" to almost every inquiry.
He read "The Hobbit" before the start of the meeting and during breaks. This time, he brought along a copy of George Orwell's "
Moncure declined to answer questions posed by Tavenner about the keys to his
Tavenner moved, in light of the little information gathered, to adjourn so she can further investigate whether more bank accounts exist and what property might be available to liquidate.
The creditors will have the opportunity to come back and question Moncure on
Tavenner said that she, as the trustee, continues to be involved in seeing whether additional assets can be identified and used to distribute funds to the creditors.
Moncure was represented by attorney
The financial statements submitted by Moncure in the original bankruptcy filing disclose
A large portion of that is in the
Some people who lent money to Moncure were told their funds would be used for investments near the
That and other real estate holdings make up the large majority of Moncure's assets. They include property in
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