Rick Siskey’s widow would turn over $15M in insurance money under interim agreement
In a court filing late Saturday, trustee
Siskey, 58, took his own life in
Grier and his team are sorting through claims from investors and accumulating assets that can be distributed to them. So far, however, the victims -- who put more than
Siskey's widow, Diane, received
Under the agreement filed Saturday evening,
The remaining
Saturday's filing does not provide specifics on what investors would receive but says if the agreement is approved the trustee "will be able, in short order, to propose an interim distribution to allowed claimants," the filing says.
The agreement, the filing adds, "represents only a partial resolution of the disputes" between the trustee and
Grier told the Observer that he hopes to make a distribution to victims equal to at least 30 percent of the "base claims" that he has previously determined for each creditor. These amounts are based on how much money investors put in and how much they received back from Siskey, excluding any promised returns. The trustee has said he hopes to return more than the base claims if assets are available.
An exhibit with Saturday's filing says the agreement came at
The agreement comes days after Charlotte attorney Charles Monnett III, who represents victims, filed a request to interview
Monnett's 13-page filing said that from 2001 until late 2016 Diane Siskey was employed by Wall Street Capitol, the financial services business started by her husband and affiliated with the
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