Lawsuit Claims Brown's Son Involved in Ponzi Scheme
308 views · Published 22 February 2013 · 1:44 · Indexed 29 October 2026
Channel: WTVC NewsChannel 9 · 2013 · News & Politics
By Jerry Askin A trial date has been set in the case of a Soddy Daisy businessman accused of running a local ponzi scheme. Now, the trustee in the case is taking legal action against Jack Brown's wife and son for their involvement with the family's tax service.Jack Brown is the owner of the now vacant tax service. The business closed months ago, a little after Jack Brown became extremely ill. Thursday, a trial date was set for March 27th for Jack Brown's wife, Janet Brown. She'll likely appear in front of a judge for her involvement in the alleged ponzi scheme. Janet Brown and her son, Jason, also worked at Brown's Tax Service.NewsChannel 9 obtained the lawsuit filed in court earlier this week. It says Jason Brown, and his wife Kimberly, received money from the ponzi scheme. It claims the money the investors gave to Jack Brown was misappropriated by him, his son, and others to buy personal property of significant value. The lawsuit says Jason Brown was paid $52,000 a year and a housing allowance of more than $26,000.Brown was also allegedly given bonuses every month for nearly 16 months during his marriage. Apparently, he was also paid several bonuses in 2010 before he was married. Those bonuses amount to nearly $400,000. A meeting of creditors is scheduled for March 26th. We'll be at that meeting and the trial and will bring you updates.
More from this channel
-
2:37
Director Responds To 911 Investigation Report
-
2:07
What Happened to Money for Chattanooga Juvenile Curfew Room?
-
2:08
Lawyer: Expect Redesigned Anti-Gay Marriage Billboards
-
2:38
Darrell's NASCAR Minute - June 7, 2012
-
2:52
Dave's Diamond Darlings at Rivermont Dream League, June 8, 2012
-
2:39
Update: Murderer Takes Plea Deal
-
2:50
LiveU Brings Viewers Historic Live Shot
-
2:30
Chicken Farm Catches Fire in Bradley County