- 7 -
Jobin), was appointed as Chapter 11 trustee. Ms. Jobin is an
attorney who has dealt with bankruptcy matters for 13 years.
On or about December 18, 1990, Ms. Jobin met with members of
the Colorado Division of Securities and was informed of M&L's
alleged fraud and misconduct. She also received a copy of M&L's
bank records for late 1989 and 1990. In 1990, after reviewing
M&L's bank records, Ms. Jobin believed that M&L was operating a
check-kiting scheme.
Ms. Jobin also met with Robert Joseph, M&L's president, on
or about December 18, 1990. Ms. Jobin thought that Mr. Joseph
was not telling her the truth and that the Securities
Commissioner's fraud and misconduct allegations were accurate.
She also discovered that Mr. Joseph could not document M&L
receivables claimed to be $13 million to $15 million.
Between December 18, 1990, and February 2, 1991, Ms. Jobin's
suspicions as to the legitimacy of M&L's operations increased and
she continued to investigate its affairs. During that time
period, she received some information that M&L's inventory of
computers might be paving bricks packaged to resemble computers.
However, at the end of 1990, Ms. Jobin was hopeful that M&L's
unsecured creditors would recover something from the bankruptcy
estate.
On February 2, 1991, Ms. Jobin personally went to M&L's
warehouse and opened a box that was to have contained computer
inventory. She found that the box contained only paving bricks
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011