That’s still a long way from the $ 1,415,304.79 the county is entitled to based on a civil ruling in the Craighead County Circuit Court. In the bankruptcy case, the court trustee filed a document seeking court approval of the settlement between ASU and the county. Under the agreement, the university, ASU Foundation and Red Wolves Foundation would keep a total of $ 44,593.91 of the money Holliday donated before filing for bankruptcy protection on October 1. The county would receive $ 14,864.64.
A bankruptcy judge must officially approve the settlement filed on May 12 between ASU and the county. Trustee Hamilton Moses Mitchell said on the filing that he believes all creditors are eligible to participate in the recovery of donations. The county believes it is entitled to all of the money. and that ASU doesn’t believe it has an obligation to return the gifts. Holliday is alleged to have transferred money from the employee’s payroll account to his personal and business accounts between January and the end of June last year.
His criminal case in a federal court is scheduled for October. Source www.jonesborosun.com
Holliday is due to appear before Craighead County Circuit Court to answer criminal charges of theft of county funds and a separate low-money charge from a small charity. A bankruptcy hearing is scheduled for June 7 in Jonesboro so creditors can debate who will receive the proceeds from an auction of Holliday’s real estate and personal property that raised approximately $ 762,000.
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