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December 1, 2008 Frequently Asked Questions
June 1, 2008 Frequently Asked Questions
April 21, 2008 Press Release
February 12, 2008 Status of Third Distribution
December 18, 2007 Status of Third Distribution
December 1, 2007 Frequently Asked Questions
October 5, 2007 Status of Litigation
June 1, 2007 Frequently Asked Questions
April 2, 2007 Press Release
April 2, 2007 Press Release
December 1, 2006 Frequently Asked Questions
June 1, 2006 Frequently Asked Questions
March 23, 2006 Press Release
December 1, 2005 Frequently Asked Questions
October 3, 2005 Press Release
August 25, President's Report Correction
July 27, 2005 Press Release
March 17, 2005 Press Release
January 24, 2005 Notice to Claim Holders
November 10, 2004 Frequently Asked Questions
October 04, 2004 Press Release
January 24, 2003 Press Release
September 30, 2002 Notice to Creditors' Committee
August 9, 2002 Press Release
July 26, 2002 Press Release
July 9, 2002 Press Release
May 10, 2002 Press Release
October 30, 2001 Press Release
August 21, 2001 Press Release
August 6, 2001 Press Release
June 11, 2001 Committee Meeting
May 7, 2001 Press Release
May 4, 2001 Committee Meeting
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May 4, 2001 Committee Meeting
The following is a brief status report from the Official Committee of Unsecured Creditors for the Evergreen bankruptcy case.
This information will be updated periodically as the case develops.
On May 4, 2001, at 3:00 P.M., Eastern Daylight Time, the Official Committee of Unsecured Creditors (the Committee) for the
chapter 11 bankruptcy case of Evergreen Security, Ltd. (Evergreen) had its most recent meeting. The following is a summary of
the matters discussed at that meeting.
1. Update on recent developments in the Evergreen case including the following:
a. $600,000 received from William Zylka.
b. Computer and accounting records of debtor recovered by Chapter 11 Trustee.
c. Deposition set for James Conroy, corporate counsel to William Zylka.
d. Zylka financials still not delivered as promised.
e. Forensic accounting report has been prepared and is available elsewhere on this web site.
i. Liabilities
(1) $214 million estimate has proved accurate for all liabilities from all related funds.
ii. Assets
(1) $600,000 received.
(2) Minimum value of Bear Stearns asset set at $1.8 million
iii. Numbers have been verified with all 4 of Evergreen’s accountants.
iv. Investment protocol. Some of the marketing companies / brokers which represented Evergreen only deposited 70% of
the funds received into Evergreen. The remaining 30% were used to purchase discretionary investments. It is unclear
whether these funds were used to purchase additional, non-Evergreen investments or used for other purposes such as
the payment of commissions.
f. Certain assets of William Zylka have been seized by law enforcement officials.
2. The Committee then considered alternative strategies for further actions to be taken in the future.
Specific information regarding these strategies is not yet public knowledge. This web site will be updated as that information becomes less sensitive.
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