This is the fourth such motion made by the Trustee. The date to file objections has been extended to November 30, 2012, however the Trustee has reserved the right to make additional such motions as he continues to investigate the manner in which Signature Apparel was allegedly raped of its assets by the Laurita Family who he claims fraudulently conveyed same to deprive creditors.
The Trustee submitted his report to the Court in which he confirmed that he commenced 24 actions against entities that allegedly received assets of Signature Apparel in Lauritas’ attempt to defraud creditors and/or within 90 days of the filing of the Bankruptcy Petition.
The Trustee sought to recover from the above Defendants as follows:
As to the Laurita Defendants, the Trustee (Responsible Person) seeks the return of $8 million dollars that Lauritas allegedly diverted for personal use from Signature Apparel during a two year period:
The Trustee seeks the return of $2.8 million dollars that the Lauritas allegedly diverted to Roc Fashions and the Azrak family :
The Trustee commenced 22 additional cases for the return of $3.2 million dollars wherein Signature Apparel at the direction of Lauritas transferred monies in the 90 days preceding the bankruptcy filing:
One of the 22 claims that remains open is against American Express. The lawsuit alleges that within 90 days preceding the filing of the Petition, the Lauritas allegedly directed Signature Apparel to pay American Express expenses in excess of $355,000.
In addition, the Lawsuit against American Express alleges that the Lauritas’ directed the fraudulent transfer in excess of $3 million dollars for payment of accounts not held by Signature Apparel and/or expenses that were not related to Signature Apparel business, unfortunately only $2.3 million dollars falls within the 2 year statute of limitations for fraudulent conveyence that the Trustee can hope to recuperate.
When Christopher Laurita stated that he offered to purchase the Giudice furniture at their Bankruptcy auction, did he intend to pilfer more funds from Signature Apparel to do so?
If Shady Dealings Christopher was allegedly funding his family’s lavish lifestyle by fraudulently obtaining funds from Signature Apparel to the detriment of creditors, how could he possibly justify making such a statement that he could somehow assist the Giudice family?
It appears that Jacqueline Laurita is not the only member of the family who has tumbled down the rabbit hole.