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Blackjewel Accuses CEO of Fraud

Coal News - Published on Mon, 13 Jan 2020

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Attorneys for bankrupt coal company Blackjewel LLC and its creditors are asking a judge to let them examine the finances of former CEO Jeff Hoops, alleging that he took millions of dollars for personal gain. In documents filed in US Bankruptcy Court, lawyers for West Virginia-based Blackjewel said the company was woefully insolvent by the time it filed for Chapter 11 bankruptcy protection.

Filing accuses Hoops of transferring tens of millions of dollars of the company's money for the benefit of him and his family.

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Posted By : Rabi Wangkhem on Mon, 13 Jan 2020
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