Agreement Between PCI Trustee and Palm Beach Trustee Over Michele Bachmann Clawback

The Palm Beach Trustee May 20, 2013 amended motion explains:

On May 18, 2012, the Liquidating Trustee filed with this Court his Motion For Approval of Settlement with Michelle Bachmann, Bachmann for Congress and Bachmann Minnesota Victory Committee and Payment of Contingency Fee [ECF No. 1242] (the “Original 9019 Motion”). Shortly after the Original 9019 Motion was filed, the PCI Trustee (as defined herein) asserted claims against the Bachmann Parties (as defined herein) for the return of the transfers covered by the settlement. The parties have since engaged in further discussions and negotiations which have resulted in a modification of the previously agreed to settlement to include a settlement with, and release by, the PCI Trustee, as set forth below.

The $14,000.00 settlement will be divided between PCI trustee ($8,600.00) and the Palm Beach Trustee ($5,400.00).

Also the Fidelis Foundation has to cough up $425,000.00 to the trustees.

Last Day of Frank Vennes's Testimony

Frank Vennes did not do as well today as yesterday. Deanna Coleman showed up and testified that she received calls from Frank and his son requesting corrections on P.O.'s.  Next stop - sentencing.

Here's the sketches - click on them to make them bigger:

AUSA Tim Rank & Frank Vennes sketched by Ken Avidor.  Use only with permission.

Deanna Coleman sketched by Ken Avidor.  Use only with permission.

Vennes Testifying Today at the Trial of James Fry

Frank Vennes was a witness for the defense.

Frank Vennes was unflappable under a withering examination by Fry's attorney Joe Friedberg even when asked about a communication he received saying there was over a billion dollars in merchandise sitting in warehouses for big box stores B.J.'s and Sam's Club. Vennes got a little testy when Friedberg suggested Vennes knew about the fraud. Vennes claims he was clueless right up to the end.

Deanna Coleman will testify tomorrow.

Frank Vennes Testifies by Ken Avidor - Publish only with permission.

Frank Vennes Testifies by Ken Avidor - Publish only with permission.