Earlier post
The claims of fraud and stealing money made by Travelers Insurance against Austin and Claiborne Frazier are not the first time the brothers have faced such accusations. BancorpSouth made similar allegations against Claiborne Frazier last year in his bankruptcy filing.
BancorpSouth lent $5,400,000 to Van Buren Group LLC to build thirty condominiums in Oxford on September 5, 2001. Claiborne Frazier is the managing member of Van Buren. The debt was guaranteed by Austin Frazier, C.E. Frazier, Shelby Brantley, and Robert Crumpton. Van Buren defaulted on the note and BancorpSouth obtained a judgment in 2008 of $1,214,533 (plus interest of 8.5%). BancorpSouth claimed Claiborne sold seven units without turning over the proceeds of the sale to the bank in order to pay off the note. 21 units were sold by Van Buren, the proceeds of each sale were used to retire the debt. The bank alleged Mr. Frazier sold units for $251,289 (2003), $266,716 (2005), $265,857 (2003), $182,000 (2005), $250,418 (2003), $399,000 (2004), and $300,000 ($50,000 was paid to BancorpSouth). The bank claims other units may have been sold in similar fashion. The foreclosure and tax sale of the condos were the subject of a separate ruling by the Mississippi Court of Appeals.
Claiborne Frazier did not disclose these funds or actions in his 2008 bankruptcy petition. BancorpSouth showed up in bankruptcy court to contest the bankruptcy and obtain a non-dischargeable judgment against Mr. Frazier. (See below for complaint.) BancorpSouth claimed the debt should not be discharged under 18 USC 727 (debt can not be discharged if fraud took place).
U.S. Bankruptcy Judge Edward Ellington issued an agreed order granting BancorpSouth's petition and imposed a non-dischargeable judgment of $1,146,649 on Claiborne Frazier on October 31, 2009. (Happy Halloween.)
Claiborne Frazier's bankruptcy problems did not end with BancorpSouth, as Travelers Insurance (remember them?) picked up where the Mississippi Bank left off, filing a complaint against Mr. Frazier in bankruptcy court on July 28, 2009. The complaint is similar to the one filed against Austin Frazier by the insurance company. Travelers bonded several projects for Frazier Construction. Frazier fell on hard times and Travelers paid $6,405,585 for the completion of the projects. The insurance company claims it discovered after the loss, Claiborne Frazier's "financial were materially false and misleading" and "grossly overstated the value" of his assets and "grossly understated" the value of his liabilities. Travelers alleges Mr. Frazier sold heavy equipment and hid the sale despite the fact Travelers had a lien on the equipment. Mr. Frazier is said to have committed bankruptcy fraud and engaged in an "elaborate scheme" to defraud creditors and Frazier Construction.
Travelers seeks a judgment of $6,405,585 against Claiborne Frazier. Austin Frazier agreed to a non-dischargeable judgement of $5,000,000 with Travelers in his bankruptcy case. Claiborne Frazier's attorney withdrew from the case in April. Mr. Frazier has not obtained counsel. A pre-trial conference is scheduled January 4, 2011. No judgment has been rendered by the court. The bankruptcy case is still pending and has not been dismissed or discharged.
Wednesday, December 29, 2010
Travelers seeks $6.4 million from Claiborne Frazier, BancorpSouth accused Fraziers of $1.2 million fraud
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Trollfest '09
Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.
Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).
Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.
Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".
In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.
In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.
Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.
Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!
This is definitely a Beaver production.
Note: Security provided by INS.
Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).
Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.
Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".
In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.
In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.
Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.
Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!
This is definitely a Beaver production.
Note: Security provided by INS.
Trollfest '07
Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.
There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.
If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!
This is definitely a Beaver production.
Note: Security provided by INS.
There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.
If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!
This is definitely a Beaver production.
Note: Security provided by INS.
49 comments:
Who was Claiborne's attorney that withdrew in April?
kf, with all the purported individual fraud and possible bankruptcy fraud, why are the feds not after these guys??
The bigger question is...who are their attorneys now?
uh...does the loan officer at bxs still have HIS job?
Did you know travelers got Austin F. Fired from his last job said they wouldn't bond the construction company as long as they had him on the payroll. That is a federal offense
Why is that a federal offense?? I would think that they could bond whom ever they choose to guarantee the job being completed. Mississippi is an "at will" state and he can be fired for most anything so long as race, sex, religion, etc. is not involved. I don't recall reading that not choosing to loan money or guaranteeing a bond is in that phrase but if you do please enlighten all of us. Thanks 11:11 p.m. I await your reply so we can all learn. And besides, unless Travelers owned that company, he was not fired by them.
Its not a federal offense to choose not to do business with someone..Travelers didn't fire him,his employer fired him!you are either a Frazier,or you date a Frazier...bc I can't think of 1 person left that would take up for them after all they've done,& after all there is out there to read about them!Travler's needs to make a precedent out of these scam artists...so that others can't just file bankruptcy and then hide assets.or aka...act like the MOB!
I think it is totally reasonable for people to be choose to do or not do business with who they want to. If I knew that some company I was dealing with had a crook on their payroll, I might well conclude that I am not going to keep dealing with that company. If Traveler's reached that conclusoion about the place Austin worked, then kudos to them.
You have to wonder...where did all that money go. $6.5MM from Travelers, $1.2MM from BXS. $3.3MM to AmSouth/Regions in 2007. Almost all the local banks got clipped. There are several (10 or more) suits in county courts to the tune of several hundred K to millions where they stole from investors/partners. Lord knows how many subcontractors thier company stiffed. It has to be over $10,000,0000...maybe $20MM. That kind of money doesn't just vanish. And for them to claim bankruptcy and none of that money (or any assets) is anywhere to be found. Hmmm.
It vanishes if you spend it on....steak & wine bills,trips to the Ritz,yachts,speed boats,private school,condos,Destin bars,speed boats,fancy clothes,bar bills,drugs,hair hi-lights...that accounts for about a million.where's the rest?And how about all of their "friends" they stiffed....stuck with attorney fees,headaches & bank loans.."Friends" like Brantley,Phillips,Crumpton,Mathison,Laws,McLeod,Katsaboulas,Hines ...need I list more?I bet they wish they had the balls,rescources and money Travelers has...
You left out renting jets that you said you owned, buying thousand dollar bottles at NYC hot spots, and the like.
Then there is the mother of one kid who showed up in Claiborne's BK with a child support judgment for 1,800 a month.
A beautiful child that Nan...(the "grandmother") even denied...Hows that for being a "sweet lady"...who denies a child?
Not taking up for Claiborne here but I'm pretty sure it has been proven that it is not his child. I'd check the facts on that before I'd rush to judgement.
And...Nan is a good person, one of the best. Everyone who knows her would say the same thing. Please know your facts before you drag her through the mud. She would NEVER deny a child you JACKASS!!!!
The truth will come out in time.
putting all this together the fraziers (austin and claiborne) did always think they were better than everyone and probably still do. I just hope they realize that they have been caught and that its time to roll over and die and save the ones that they chose to involve in there scheme. It just goes to show that spending your life getting everything you want at all costs will catch up with you eventually
"one kid who showed up in Claiborne's BK" - Claiborne owns a Burger King franchise too?!? ;-)
"The truth will come out in time."
God forbid. You want the TRUTH? You can't HANDLE the truth.
All so sad and senseless, except "for big shotty" greed and plastic standing within the "cool NEJxn crowd".
It is my understanding, it was proven (DNA/paternity test)to be Claiborne's child. These aren't nice people we're discussing. All of these people have some stink on them, even those with whom we are friends.
why hasnt the IRS gotten involved. usually RICO + money = tax evasion. The feds use RICO to imprison suspects till a criminal case can be made.
RICO is a criminal case.
RICO is a criminal charge. (Racketeering)
they use rico till they can charge the suspects with a more formal charge ie. murder, drug trafficing embezzlement, fraud, or theft
RACKETEERING INLUENTIAL CORRUPTION
ORGANIZATION ACT OF 1961
i think in this case we are both right(get your keyboard off caps lock you baby). it is both a criminal case and a criminal charge named after the case, eh?
From reading the document, the Spencer Copeland complaint was under "Civil RICO" for the time being. Naming Jane and John Does 1-5 each (to possibly add others to the complaint) OPENS the door, after discovery and subsequent depositions.
This is a "house of cards" that could fall quickly, and I will wager one of the "deposed" goes "Ed Peters" before this is over.
correct everything is civil now hence spencer, nan, etc vs. travelers. no mention state of mississippi. but i just wonder when the feds step in with tax evasion or fraud, certainly they didnt claim all of this stolen income on their taxes. and these, like i said earlier are charges that can be filed to keep them under said thumb, till the real facts unfold.
10:08 am, you are incorrect and obviously a plant for the dark side.
11:51 am, you are correct in that all court records attest to that fact. Additionally, his parental rights were terminated by the courts for said child, that doesn't happen unless you are indeed the father. These are the ironclad indisputable facts. They are of record.
I'd like to know how Austin being bankrupt can afford to vacation over the holidays in Costa Rico and post pictures on his Facebook page proudly showing it? And also bankrupt Claiborne sitting at the Ritz Carleton bar in New Orleans for the Ole Miss/LSU game? Must be nice....Whose room did you charge it to? Bankruptcy sounds fun...See you at the bar hot stuff!!
Hey Edward (Spencer's brother) what do you think????
Travelers, any interest in homes in Summers Bay or Oakmont??? Or a condo at Sandpiper Cove in Destin?? Get your duck stamps, there may be some deals on prime duck hunting land in Humphries County.
I've been there through this all. I know that Claiborne never meant for this to all happen. The banks started backstabbing him. When he borrowed money from a couple of LLCs to fight back at them then his closest friends started turning on him. Bankruptcy was then his only option. Thank god his family has stood by him and offered him help to get thru this all.
"I know that Claiborne never meant for this to all happen."
He will have his day(s) in court. UNDER OATH, as will all of the others, and scores more not mentioned in the original complaint (many in both sides of the family), to explain how he "never meant for this to happen".
Someone will cut their losses, tell the truth, and the chips will fall where the chips will fall.
These boys were, are, and will continue to flaunt their stolen wealth until someone somewhere within the family of big shots, fesses up.
7:34
you obviously don't have anything to lose because if you have been around them that long you would have lost it by now.
must be some motive for you to take up for them at this point. they have no friends or business partners left that they haven't run over. whose credit cards are ya'll running around with on ?
these little brats have even robbed their own grandmother, aunt, and stepmother
you keep good company !
backstabbing bankers and friends turning on them ....hold that thought. Your education is on the way !
7:34:
Why is their mother living at home with her folks in McComb? Answer that question. I know the answer to that one so tell the truth.
7:34 - problem was that when he began "borrowing" from these LLCs, he began asking his "friends" to invest more and more money. (Not to mention that he was using his LLC investor/friends' money to fund other projects in which they were not investors - which is fraud and theft.) His "friends" did not turn on him - they had to protect their families, income, savings, etc.
Austin and Claiborne's mother, Nan Copeland, is from Ebenezer. The family still owns property there. Nan's mother, Posey Wideman, lives at the JCC. Their stepmother, Phyllis, is from Amory (North Mississippi) and has been separated from CE for quite sometime. CE is from Jackson and his mother, Mildred, just passed away in October of this year.
Really?
Try again.
Kingfish, there is not anyone from McComb? Nan's mother, Posey, definitely lives at the JCC, but is originally from Ebenezer - still has her original home there. The stepmother, Phyllis, is actually from Riply - not Amory. Her family owns Ripley Cable.
I meant Phyllis. I'm sorry but with all the divorces, remarriages, and swapping around, it does get confusing at times. My sincere apologies. Heard a very heartbreaking story about her experience last night. Lets just say it was very unflattering to our two main persons of interest here.
Would that story involve a $200K CD, a sister and a sale that "happened" to not get documented?
Damn this is Lifetime Movie type shit.
What about those 4-5 big shot trial laywers who bought a bunch of condos from Claiborne in Oxford....and trusted him to file the title work after he cashed the checks...and then later were surprised to find out those papers "happened" to never get filed filed either.
11:23. Actually no but it sounds interersting.
I'm not sure why BXS thinks they are a fraud victim. They voluntarily gave the gratuitous releases to their advisory board of directors member and so knew everything that was going on. Their lien is still good unless they are guilty of misfeasance of nonfeasance.
My understanding is that some of the "big shots" agreed to take good title at a later date in exchange for a discount on the purchase price. In other words, this is a business deal gone sour, not fraud. I'm not saying the Fraziers are not guily of fraud, but not everything that is being called fraud in this case is actually fraud.
For those who want some background, you can read the tax lien purchaser appeal briefs, which are still the subject of a motion for rehearing.
Anyone who reads all of this has way too much time on their hands, but the introduction gives a good background. BXS is no saint here.
http://www.scribd.com/doc/46119951/Holly-Springs-Realty-Group-v-Van-Buren-Appeal-Brief-10-22-09
http://www.scribd.com/doc/46120065/Holly-Springs-v-BXS-Reply-Brief
Don't kick a man when he is down. Reach out and pull him up. They were leaders of the community and Jackson has lost them for the time being.
Hate to tell you but that is what people seem to be all about, kick a man when he is down. Maybe it is more than people in blogland feeling their is such injustice. Seems like some are jealous that this this family was prominate at one time, or maybe some in blogland have really personally been affected by some of their actions. Otherwise, those that are just jumping on the bann wagon not knowing what in the world you are talking about makes you no better than anyone else. Hope though that someone will pick you up when you are knocked down. Oh, and for the person who commented on the parent must being the problem with the kids having all those cars in college certainly didn't know his parents. Overindulged yes, but maybe you just wish you had all those cars. Jealousy sure can make someone say ugly things.
Which parents do you refer to 4:30?
C.E., Phyliss, Nan, Courtney, George, Bob. One of them. ALL OF THEM?
Old saying "Better be nice on the way up, cause the fall down can be a BITCH" surely fits here.
I can assure you Courtenay who you apparently don't know, because you spelled her name wrong did not spoil those kids. That is why I am saying some on this blog are just jumping in to feed all the frenzy. Let justice be done. You can blame the parents all you want but I think "adults" which they have been for quite awhile were old enough to make their own decisions right or wrong. So what that they got what they wanted in life and more. They still have the ultimate choice to make right decisions. None of the parents or stepparents have that power. Those boys have a mind of their own. And that old saying is right on target. Maybe just maybe a bit of compassion for EVERYONE involved until ALL SIDES ARE TOLD would be warranted. It looks bad for everyone, but like I said all the facts are not in at this point.If there is as much wrongdoing as is suggested then let the chips fall where they may.
All I say is YEAH!!! The only people who got hurt are a bunch of rich a%$holes from Jackson, Mississippi. Jackson is the center of the earth if you live in Jackson. Otherwise drive 50 miles in any direction, ANY DIRECTION and who cares. So a few overly self esteemed rich f$#ks from Jackson got f%cked. Who cares? They will get over it. The reason they can't do shiot to Frazier is he didn't do shiot. Those rich fuks gave him the money. THEY GAVE HIM THE MONEY!!! Don't believe me read the court files. The VICTIMS will not speak only cry, cry, cry... CRY Grenfell... Cry!!!
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