Since his appointment, the Receiver has obtained funds from a variety of sources including the closure of bank accounts, the sale of assets, refunds and settlements. In each instance, the Receiver has deposited those funds into accounts designated by the particular investment program to which they are attributable. In an effort to earn as much interest as possible, the Receiver has established a checking account (non-interest bearing) in which he keeps a nominal balance to pay miscellaneous expenses and the balance is kept in interest bearing accounts. The following red, underscored text represent hyperlinks to schedules of the funds received by the Receiver and the account into which they have been deposited. All of the accounts are located at Comerica Bank Texas.

These funds were used to pay investors who sent funds to Robert Cord doing business as First Federal Assurance, Winterhawk West Indies and Saber Industries. Steve Roberts doing business as FRG Trust and/or Funding Resource Group and Raymond Parr doing business as FMCI Trust and/or Funding Resource Group were large investors in the programs operated by Robert Cord so these funds will also be used to pay some investors who sent money to Steve Roberts and Raymond Parr. Click here to view this account.

These funds are going to be used to pay investors who sent funds to Raymond Parr/Vearl Smith doing business as MVP Network Trust, Don Hicks doing business as IGW Trust and Raymond Parr doing business as FMCI Trust were large investors in the MVP Network Trust program and so these funds will also be used to pay some investors who sent money to Don Hicks and Raymond Parr. Click here to view this account.

These funds are going to be used to pay investors who sent funds to Rodger Griggs doing business as Howe Financial Trust. MVP Network Trust was a large investor in the program operated by Howe Financial Trust and so a portion of the funds may be used to pay MVP Network Trust. Click here to view this account.

These funds will be used to pay investors who sent funds to David Gilliland doing business as Hammersmith Trust. Howe Financial Trust was a large investor in the program operated by Hammersmith Trust and so a portion of those funds may be used to pay Howe Financial Trust. Click here to view this account

These funds will be used to pay investors who sent funds to David Gilliland doing business as Microfund. Because of the pervasive commingling of funds between Hammersmith Trust and Microfund, the Receiver intends to eventually combine these funds with the Hammersmith Trust funds. Click here to view this account