The site will have click buttons for proof of claim, updates, a Chapter 11 Trustee Report, creditor's committee updates and contacts.
The deadline for filing claims is May 29. Court officials believe there may be other investors who are unable to obtain proof of claim forms from the court directly to file their losses by the deadline but may be able to do so using the online forms. That's one reason the site is being created.
The alleged fraud by Evergreen Security Ltd. was hatched from Downtown offices in Suite 500 at 201 East Pine St., according to William Cuthill, a CPA and the court-appointed trustee in charge of the case. Cuthill is on record as calling the Evergreen operations a typical Ponzi scheme where early investors are paid their promised return while later investors are paid only when new money rolls in. The scheme crashes when the flow of new investment money slows or stops. Evergreen was promising 10% to 12% returns.
Evergreen principals deny any criminal activity and say the money can be accounted for. So far, however, Evergreen owner William J. Zylka has been unable to lead the court to the money trail.
The 10-year-old firm filed for Chapter 11 protection from creditors Jan. 23. Evergreen isn't registered with either the Florida Securities Commission or the US Securities and Exchange Commission.
Lawyers for three principals of ABP Inc., which managed Evergreen's operations from 1991 through 1998, vigorously deny their clients fraudulently sold the investment notes. ABP, which no longer handles Evergreen, was run by Thomas Spencer of Orlando, Robert W. Boyd of New Smyrna Beach, FL and Thomas A. Coyle of Lakeland, FL.
Evergreen is currently being managed by BJM Inc.. headed by Martin Boelens Jr. Boelens denies Evergreen was involved in any illegal activities.
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