The Bankruptcy Trustee has convinced a Federal Judge to once again extend the time upon which objections can be filed in the Signature Apparel / Laurita Federal Fraud – Fraudulent Conveyance Case.
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.
You rock faux-I can’t believe how quickly you get the facts!!! Thank you
someone mentioned before that you should have a donate button – I think a lot of us who have recently found you would be willing to donate a small amount which could add up for you.
I would because I know researching all this can add up in your time away frm work and the expenses to travel for documents and the phone expenses. I’m opeing a blog on my genetic disease and I know its hard to making money blogging. I’d give
I wonder the reason he continues to extend is that he’s finding more information where the money went and also seeing through all Laurita family shell companies.
Hopefully, the time taken will produce a more air tight case against these thieves. Seriously, if the business had $55 million and only $10 million is being sought then where is the rest of it???
So far Trustee has only gone after Lauritas for 2 years of alleged improper expenditures.
It looks by law that they can only go back two years or is that just transfers? It amazes me that when they first came on the show they seemed like the perfect little family. Honest and hardworking. Little did we know what thieves and psychos they were.
I’m sure that with this extension of time, more dirt will come up on them. They are disgusting. JacDaniels thought it was funny when Tre and Juicy filed for bankruptcy, but I bet you she’s not laughing now. I can’t stand her. Since she thought it was a joke about Joe going to jail, I hope they lock her and Chris up as well. They are disgusting.
I totally agree. Who tells someone they hope their husband goes to jail? And over such a ridiculous thing. He didn’t murder anyone.
From reading more of this that was posted by fauxreality. It seems that the Trustee wants money from American Express that went to card accounts and line of credit that weren’t part of the company. In other words he was paying the bills and line of credit to other family members. I would love to see who’s names are on those accounts. A million dollar says one of them are Albert or Caroline, trust me.
I agree, I think Caroline is smack dab indirectly involved in this scam — that is, imo, why she and Chris are so close. Dina is way to zen to go this far. Caroline is as shady as Chris and would do ANYTHING to be at the top and have an empire for the lazyass boys to suck off of. I still say they hid a portion of this money and Caroline and Chris are the ONLY ones who know where it is. I just hope they ALL have to pay for what they’ve done and be publicly humiliated — and HAVE TO PAY KOMAN CANCER CHARITY BACK FIRST!!
I feel so bad for this charity. I am going to make a donation . this is so horrible but I am curious to why he can only go back 2 years? Couldn’t the trustee do a forensic accounting of the business since inception because $55 Million is alot of money and I wonder if their house was purchased from the company. There has got to be money somewhere for sure, I also wonder if he used that money to start up the BLK company. That van costs alot of money tocustomize and all the tradeshows cost money and I wonder how many people he has employed bottling the product . I’m curious that nothing is being said by the creditors, wasn’t some of the pop singers impacted by this? Does anyone know how many people lost their jobs? What happens in this situation of job loss does the employees have access to unemployment?
The Lauritas are grifters. Can Danielle Staub tell us what DonCaro’s dad went to prison for? Would like to know.
Didn’t know Chuckies father went to prison…. are you sure it wasn’t Big Al’s dad???? Wow!
Another season, these two – ugh