Trustee in Rick Siskey case seeking life insurance money from widow, daughter
The money held by Siskey's widow, Diane (
"We are pursuing recovery of all life insurance proceeds," Grier said.
Siskey, 58, took his own life in
Grier and his team are now sorting through claims from investors and accumulating assets that can be distributed to victims.
As part of the bankruptcy court investigation, the trustee determined that Siskey had a
Lawyers for Lowder,
According to Wednesday's filing, the trustee believes proceeds of the Ponzi scheme were used by Siskey to pay insurance premiums on the policy, the filing says. Some investors have also previously suggested that their own money may have been used to pay the premiums.
The trustee reached a
The settlement with Lowder needs court approval and a hearing has been set for
Investors are still waiting to find out how much money they will get back through the bankruptcy court process. In a filing last month, the trustee said a "high percentage" of the investors are beyond retirement age and lost their life savings. One claimant came to the trustee's office seeking grocery money.
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