Grey Steed, the trustee for the Rivas bankruptcy has just come out with third billings.
Trustee has recovered $3,567,074.57
There is only $2,686,184.32 of that left.
$880,890.25 in expenses of which $801,859.63 has gone to the Trustee and the lawyers and investigators he’s hired. Not one case has even gone to trial yet, but when they do the lawyer fees will really go up. Then you're paying thousands per day per lawyer, expert witnesses, etc.
If all Steed did was clear out Rivas's accounts, sell Rivas's stuff, take in all the money and gifts that people, like me, just handed over in June and July 08 (totals from later date auctions were added because the items were ceded immediately and sold later) then sat back and collected interest he would have recovered $3,073,391.49!
1,879,455.01 In Rivas accounts and sale of his possessions
+ 1,185,274.58 Money and gifts voluntarily ceded
+ 8,661.90 Interest since 6/08
=$3,073,391.49 Total
They have charged $801,859.63 to recover only $493,683.08 more than what was there in July 2008!
This is all in court documents that you can look at and confirm yourselves.
Why should Steed care if two dollars are spent for every one dollar added to the total amount recovered? He gets paid his percentage off that top number, the total amount recovered, before any costs are deducted.
Grey Steed, the trustee for the Rivas bankruptcy has just come out with third billings.
Trustee has recovered $3,567,074.57
There is only $2,686,184.32 of that left.
$880,890.25 in expenses of which $801,859.63 has gone to the Trustee and the lawyers and investigators he’s hired. Not one case has even gone to trial yet, but when they do the lawyer fees will really go up. Then you're paying thousands per day per lawyer, expert witnesses, etc.
If all Steed did was clear out Rivas's accounts, sell Rivas's stuff, take in all the money and gifts that people, like me, just handed over in June and July 08 (totals from later date auctions were added because the items were ceded immediately and sold later) then sat back and collected interest he would have recovered $3,073,391.49!
1,879,455.01 In Rivas accounts and sale of his possessions
+ 1,185,274.58 Money and gifts voluntarily ceded
+ 8,661.90 Interest since 6/08
=$3,073,391.49 Total
They have charged $801,859.63 to recover only $493,683.08 more than what was there in July 2008!
This is all in court documents that you can look at and confirm yourselves.
Why should Steed care if two dollars are spent for every one dollar added to the total amount recovered? He gets paid his percentage off that big number, the total amount recovered, before any costs are deducted.
Con Man to spend a quarter century in prison
Grey Steed, the trustee for the Rivas bankruptcy has just come out with third billings.
Trustee has recovered $3,567,074.57
There is only $2,686,184.32 of that left.
$880,890.25 in expenses of which $801,859.63 has gone to the Trustee and the lawyers and investigators he’s hired. Not one case has even gone to trial yet, but when they do the lawyer fees will really go up. Then you're paying thousands per day per lawyer, expert witnesses, etc.
If all Steed did was clear out Rivas's accounts, sell Rivas's stuff, take in all the money and gifts that people, like me, just handed over in June and July 08 (totals from later date auctions were added because the items were ceded immediately and sold later) then sat back and collected interest he would have recovered $3,073,391.49!
1,879,455.01 In Rivas accounts and sale of his possessions + 1,185,274.58 Money and gifts voluntarily ceded + 8,661.90 Interest since 6/08 =$3,073,391.49 Total
They have charged $801,859.63 to recover only $493,683.08 more than what was there in July 2008!
This is all in court documents that you can look at and confirm yourselves.
Why should Steed care if two dollars are spent for every one dollar added to the total amount recovered? He gets paid his percentage off that top number, the total amount recovered, before any costs are deducted.
Chattanooga: Rivas to spend more than two decades in prison
Grey Steed, the trustee for the Rivas bankruptcy has just come out with third billings.
Trustee has recovered $3,567,074.57
There is only $2,686,184.32 of that left.
$880,890.25 in expenses of which $801,859.63 has gone to the Trustee and the lawyers and investigators he’s hired. Not one case has even gone to trial yet, but when they do the lawyer fees will really go up. Then you're paying thousands per day per lawyer, expert witnesses, etc.
If all Steed did was clear out Rivas's accounts, sell Rivas's stuff, take in all the money and gifts that people, like me, just handed over in June and July 08 (totals from later date auctions were added because the items were ceded immediately and sold later) then sat back and collected interest he would have recovered $3,073,391.49!
1,879,455.01 In Rivas accounts and sale of his possessions + 1,185,274.58 Money and gifts voluntarily ceded + 8,661.90 Interest since 6/08 =$3,073,391.49 Total
They have charged $801,859.63 to recover only $493,683.08 more than what was there in July 2008!
This is all in court documents that you can look at and confirm yourselves.
Why should Steed care if two dollars are spent for every one dollar added to the total amount recovered? He gets paid his percentage off that big number, the total amount recovered, before any costs are deducted.