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December 1, 2009 Frequently Asked Questions
June 15, 2009 Press Release
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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August 6, 2001 Press Release
EVERGREEN SECURITY, LTD.
1031 W. MORSE BLVD., STE. 200
WINTER PARK, FL 32789-3750 USA
TEL. 407-644-7455
FAX 407-628-5277
E-MAIL rcuthill@cuthilleddy.com
PRESS RELEASE
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August 6, 2001
For additional information contact R. W. (Bill) Cuthill, Jr.
R. W. (Bill) Cuthill, Jr. (Cuthill), Chapter 11 Trustee for Evergreen Security, Ltd. (Evergreen), filed three fraudulent transfer
suits against the owners and former managers of Evergreen for over seventy million dollars in US Bankruptcy Court in Orlando,
Florida, USA today. Cuthill stated,
"these suits are the first series of suits I will file in the Evergreen case. I will file additional suits against other
parties, who benefited from the Evergreen Ponzi Scheme."
The suits are summarized below:
| Connection with Evergreen |
Defendant |
Address |
Amount of Suit |
| Zylka suit: |
|
|
|
| Beneficial owner |
William J. Zylka |
New Jersey |
$27,700,000 |
| Beneficial owner’s daughter |
Kristin B. Zylka |
New Jersey |
$27,000,000 |
| Beneficial owner’s wife |
Barbara J. Zylka |
New Jersey |
$27,700,000 |
| Beneficial owner |
James P. Conroy |
New York |
$27,700,000 |
| Beneficial owner’s company |
DeMarino Associates, Inc. |
|
$27,700,000 |
| Conroy’s law firm |
Wendels Marx Davies & Ives LLP |
|
$27,700,000 |
| Prom. note maker |
MGM Land Co, Inc. |
New Jersey |
$27,700,000 |
| Prom. note maker |
KBZ Investment, Inc. |
New Jersey |
$27,700,000 |
| 50% owned by KAK |
Crystal Graphite Corp. |
Canada |
$27,700,000 |
| KBZ subsidiary |
CVZ Mining, Inc. |
Delaware |
$27,700,000 |
| KBZ subsidiary |
KAK Investments, Inc. |
Delaware |
$27,700,000 |
| KBZ subsidiary |
Montana Gold & Sapphire, Inc. |
|
$27,700,000 |
| KBZ subsidiary |
Pellaire |
Canada |
$27,700,000 |
| KBZ subsidiary |
ZKG Mining, Inc. |
Delaware |
$27,700,000 |
| Mining interest seller |
R. W. McKamy |
Montana |
$27,700,000 |
| ABP International Services suit: |
|
|
|
| Former manager |
Robert W. Boyd |
Orlando, Fl |
$34,200,000 |
| Former manager |
Thomas A. Coyle |
Lakeland, Fl |
$34,200,000 |
| BJM International Services, Inc. suit: |
|
|
|
| Former manager |
William Blankenship |
Orlando, Fl |
$8,800,000 |
| Former manager |
Martin W. Boelens |
Orlando, Fl |
$8,800,000 |
| Former manager |
Jeffrey A. Stanley |
Orlando, Fl |
$8,800,000 |
The US Bankruptcy Code defines a fraudulent transfer as follows:
"A fraudulent transfer occurs when either (i) a transfer is made with the intent to hinder, delay or defraud creditors or
(ii) a transfer is made while the debtor is insolvent and the debtor received less then reasonable equivalent value in return
for the transfer."
Additionally Cuthill filed a suit against Surety Bank & Trust Co., Ltd. (Surety), its liquidator, Lucia E. Broughton, and its
shareholders. Surety is a bank in Nassau, Bahamas, which is undergoing voluntary liquidation under the supervision of the Central
Bank of the Bahamas. Cuthill’s suit contends that $5.1 million of Evergreen funds were deposited into the bank by three of its
shareholders. Cuthill’s suit has asked for return of all funds to Evergreen with interest and litigation costs. Additionally
Cuthill’s suit asks for an injunction against the defendants in order to protect any funds, which are held by the defendants.
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