Following are some of the details of The Trustee's Final report:
Total receipts $309,136.43
Total Disbursements $27,177.43
Balance on hand $281,959.00
Applications for compensation filed:
fees expenses
Soneet Kapila-Trustee $18,706.82 $54.38
David Softness-Atty $182,670.00 $18,227.24
Soneet Kapila-Accountant $35,354.80 $1,224.82
Total $236,731.62 $19,506.44
Grand total $256,238,06
This leaves only $25,720.94 to be allocated to other claimants.
The largest portion of these remaining funds are allocated to the payment of wages due former employees. These total
recommeded payments to them of a total of $6247.29. Associated with these are payments for social security,income taxes,medicare etc etc.
The list of claims by unsecured claimants and amount of the recommeded disbursement to some are shown below.
Scott Adler $506.42
Matt Kinnehan $361.99
Richard Yoder $428.34
Isthmus Technologies $137.48
ICE Communications $104.02
Lawrewnce Connell $15.13
Details on my personal claim are. Amount of claim allowed $73,027.85. I cite this figure merely to give an indication of the calculation used to arrive at the settlement figure for all unsecured claimants. There are many other unsecured claimants shown but I chose only to post a few key ones. Full listing is available to those who ask for same
There are several claimants on this list about whom I have strong reservations, but it serves no purpose at this time to voice my objections to a payout to them.
Remaining items in this case
Disbursement from the SEC/DOJ Impound fund. Eventually should be distruibuted to shareholders
Outstanding civil cases around the country. |
