In a case that already has featured assertions that alleged Minnesota Ponzi schemer Trevor Cook purchased a submarine on eBay to access his private island in Canada, the receiver in the case has filed papers that suggest Cook also had an affinity for large-screen TV sets.
Receiver R.J. Zayed listed 10 TV sets with 50-inch screens and two sets with 42-inch screens as assets of the alleged Cook/Pat Kiley Ponzi scheme.
Nine of the 50-inch sets were manufactured by Panasonic, and the model number suggests they are plasma TVs. One 50-inch set was manufactured by Akai, and the 42-inch sets were manufactured by Insignia.
Also listed among the assets of the Cook/Kiley enterprises were at least 39 computer monitors with 22-inch screens and at least 19 with 19-inch or smaller screens, miscellaneous computer, office and sound equipment, three shredders, a “Beertender” dispenser, a “keg cooler/tap,” a craps table, a wine fridge and a karaoke machine, according to Zayed’s filings.
Cook and Kiley — and their companies — were implicated by the SEC and the CFTC in an alleged $190 million Ponzi scheme. Zayed said Cook is not cooperating, and the SEC is seeking sanctions — including a contempt of court order that could jail him — to get him to cooperate.
Both Cook and his wife have taken the 5th Amendment in the case.
Among the allegations against Cook is that he purchased hard-to-trace gift cards after a federal judge froze assets in the case and is hiding assets in other ways. The Star Tribune of Minneapolis/St. Paul reported yesterday that a supermarket became concerned when Cook was observed shopping in the store, fearing he could be using frozen assets to pay for groceries.
Cub Foods put Cook under video surveillance while he was inside and outside the store.
Read Zayed’s listing of some of the assets in the Cook/Kiley case.
Read the Star Tribune story/view the video.