This daily APScans report covers the recent substantive filings made in the adversary proceedings brought by David P. Leibowitz, Chapter 7 Trustee for recovery of avoidable transfers under Chapter 5 of the Bankruptcy Code, including preferential transfers under Section 547 (bankruptcy preferences).
Pre-Applied Filters: The following filings are not included in the "Current" APScan: certificates or affidavits of service, receipts for filing fees and other clerical matters.
Not For Individual Docket Monitoring: Pre-applied filters may eliminate important notices and certificates. A party to an adversary proceeding must not consider APScans to be a substitute for reviewing the docket of the proceeding in which it is a defendant.
This APScans is updated daily to cover filings made as of midnight on the previous day. This APScans covers filings ENTERED during the period from August 01, 2015 through September 29, 2015. .
Another Investment Ponzi Scheme:
The Debtor is an Illinois resident who engaged in the operation of Ponzi
scheme involving over 600 individual investors totaling approximately $20.5 million of principal
investment and approximately $5 million in net investor losses. The Debtor is currently serving
an eight year sentence, based on a plea of guilty in Cook County to theft, securities fraud, and
financial exploitation of an elderly person.
Adversary Proceedings Overview
Lead Bankruptcy Case Name (Case Number): Kevin G. Carney (09-18053)
Bankruptcy Court District (Division): Northern District Of Illinois (Eastern)
Petition Date: May 19, 2009 (Chapter 7 involuntary)
Associated Cases: None
Plaintiff: David P. Leibowitz, Chapter 7 Trustee
Number of Proceedings: 95 through May 23, 2011
When Filed: May 13, 2011
Adversary Proceeding Judge: U.S. Bankruptcy Judge Pamela S. Hollis
Plaintiff's Counsel: Jenner & Block LLP (Chicago, Illinois) through its attorneys Ronald R. Peterson, Landon S. Raiford and Lauren Sylvester Berheide
The avoidance period is "two years prior to the Petition Date", with respect to recovery of actual fraudulent transfers Pursuant to §§ 548(a)(1)(A) and 550 of the Bankruptcy Code (Count I) and the same period for recovery of actual fraudulent transfers pursuant to the Illinois Uniform Fraudulent Transfer Act, 740 ILCS 160/5(a)(1) and 160/8(a), and §§ 544(b)(1) and 550(a) of the Bankruptcy Code (Count II)
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