On January 27, 2017, Michael D’Agata, Charlotte Dreibelbis, and Anthony William Packer filed an involuntary petition against TSI Holdings, LLC, thereby initiating a chapter 7 bankruptcy case currently pending before the United States Bankruptcy Court for the Western District of North Carolina as case number 17-30132. Rick Siskey allegedly operated a Ponzi Scheme through TSI Holdings, LLC.
On February 8, 2017, the Honorable J. Craig Whitley issued an Order Requiring Appointment of Interim Trustee appointing Joseph W. Grier, III (the “Trustee”) of Grier Furr & Crisp, PA as the Interim Trustee for TSI Holdings, LLC. The Order directs the Trustee to preserve property of, and prevent loss to, the bankruptcy estate and enumerates the following duties: (1) take possession of the property of TSI Holdings, LLC’s bankruptcy estate; (2) collect and analyze TSI Holdings, LLC’s financial records to identify all property lost through fraudulent transfers and/or preferences, and to bring the property back into the estate for the benefit of creditors; and (3) take all other acts necessary to preserve and protect the property of TSI Holdings, LLC’s bankruptcy estate, including taking possession of property as might be necessary to prevent any further loss to the estate.
Since his appointment as the Trustee for TSI Holdings, LLC, the Trustee has been appointed in other bankruptcy cases for entities related to TSI Holdings, LLC: WSC Holdings, LLC (Bankr. W.D.N.C. case number 17-30338); SouthPark Partners, LLC (Bankr. W.D.N.C. case number 17-30339); and Sharon Road Properties, LLC (Bankr. W.D.N.C. case number 17-30363).
The Trustee’s initial focus is on: (A) investigating the financial affairs of Rick Siskey, TSI Holdings, LLC, and other entities affiliated with Rick Siskey; and (B) preserving available assets to the best of the Trustee’s ability. Although documentation evidencing individual investments is not needed at this time, the Trustee requests that any person or entity investing with Rick Siskey and/or an entity affiliated with Rick Siskey fill-out the form linked below and return the same via email to email@example.com or via U.S. Mail to TSI Holdings Trustee, 101 N. Tryon Street, Suite 1240, Charlotte, NC 28246.
This website will be the Trustee’s primary means of communication with investors and the public. The Trustee will use this site to provide updates on the status of the TSI Holdings, LLC bankruptcy (and related legal proceedings) and to post pleadings entered in such actions. Please be encouraged to post questions on this site, and the Trustee will answer those questions as time and resources allow, with a focus on fielding inquiries that have general applicability to all investors and/or the public. You may also communicate with the Trustee at firstname.lastname@example.org. Please check back periodically for additional information.