Thursday, February 28, 2013
This was in The Source this morning. Continuing saga of a sad criminal.
Court Orders Prossers to Pay Another Half Million in Sanctions
By Bill Kossler — February 27, 2013
U.S. Bankruptcy Court has ordered Jeffrey Prosser, the former owner of Vitelco, Innovative Cable TV and Virgin Islands Daily News, to pay more than half a million dollars to his estate's trustee as part of civil contempt of court sanctions, court documents show.
The order issued Jan. 18, 2013, brings the total dollar value of sanctions imposed on Prosser in that contempt ruling to nearly $1 million.
In September 2012, U.S. Bankruptcy Judge Judith Fitzgerald found Prosser in civil contempt for the suspicious disappearance of hundreds of bottles of wine worth hundreds of thousands of dollars which the court had ordered them to preserve – and for the destruction of the remaining wine. [Memorandum Opinion re Motion for Contempt]
Under pressure from creditors and with several lawsuits against him, Prosser declared bankruptcy in 2006. In 2007 he and his wife, Dawn Prosser, were ordered to preserve a multimillion dollar wine collection at the Prossers' homes in St. Croix and Palm Beach, Fla., pending a final resolution of the bankruptcy proceedings.
A court appointed trustee arranged for an inventory of the wines in 2008 and found the Prossers' wine safely stored inside a temperature controlled wine cellar on St. Croix. But upon coming back to check on the wines in 2010, the trustee's agents people found much of the wine missing and the rest ruined by neglect.
Trustee James Carroll filed a motion for civil sanctions against both Prossers in August of 2011.
Fitzgerald found the Prossers knew the court had given them orders to preserve the wine and "flagrantly disobeyed them" by allowing about half the wine in both properties to disappear and failing to make reasonable efforts to protect the expensive wines in temperature controlled storage.
"Thus we find Jeffrey Prosser and Dawn Prosser in civil contempt of court," Fitzgerald wrote at the time, continuing to say “their violation of three orders of the court is so egregious that sanctions are warranted.”
http://stthomassource.com/content/news/local-news/2013/02/27/court-orders-prossers-pay-another-half-million-sanctions
The court imposed sanctions in the form of damages against Prosser for the value of the lost wine at a dollar value of $434,875, minus whatever the remaining wines fetch at auction.
Fitzgerald also imposed sanctions "an as yet undetermined amount in fees and costs" for the court appointed trustee's expenses for experts and legal counsel, for preparing and litigating the contempt case. Her September 2012 order said those additional fines for damages will be assessed in a supplemental order.
In December 2012, Fitzgerald issued an order directing Carroll to submit a new statement of expenses, disallowing some investigation costs. Carroll submitted those in January, and the court approved the fees on Jan. 18.
Fitzgerald's order states that the court grants Carroll fees "incurred in connection with the filing, investigation and litigation of ... (Carroll's) motion to enforce the turnover order, for contempt and for sanctions," and "the Prossers are directed to pay to the trustee an amount of $528,086.17, reflecting the fee award, within 30 days of the entry of this order."
That brings the total judgment against the Prossers in the contempt case to $962,961.
The court also issued orders in February allowing the Prossers to claim an unlimited exemption for roughly $400,000 in equity the couple holds in Estate Shoys, Plots 168-171.
The court ruled that the couple owned the property as tenants by the entirety, meaning as a couple and not individuals, because it was purchased after they were married. For that reason, only joint debts – held by both Prossers and secured by joint property – could be attached against the couple's joint equity in the property. As a result of the court's ruling, the couple may retain that property.
The same order denied the Prossers' requests for bankruptcy exemptions on a $50,000 Hermon Hill property and the Prossers' $2.1 million mansion and guest house at Nos. 4, 4A, 5, 10A and 10AA Estate Shoys.
The Prossers claimed the $2.1 million Shoys property should be exempt as a homestead. In the court's order, Fitzgerald wrote that V.I. law capped the homestead exemption at a maximum of $30,000, and then denied the $30,000 exemption, saying Prosser improperly tried to hide his interest in the property.
"Prosser’s mischaracterization of his interest in the Shoys Estate as merely ‘possessory’ was done in bad faith and for purposes of preventing the inclusion of a multimillion dollar asset in his bankruptcy estate. Furthermore, despite denying an ownership interest in the Shoys Estate, a jury found that Mr. Prosser fraudulently conveyed the funds to his wife with which to make improvements to the property," Fitzgerald wrote in a Feb. 14 memorandum opinion.
Prosser's "bad faith conduct relates directly to the claimed exemption in the Shoys Estate ... and warrants denying the $30,000 exemption," Fitzgerald concluded.
Tuesday, February 26, 2013
Monday, February 25, 2013
Calicaribe is a 3-bedroom luxury villa with pool in Cruz Bay. St. John Villa Rental is the best place to rent Calicaribe for your St. John vacation.
Sunday, February 24, 2013
From The Source today, our on-line newspaper about St. John.
Captain G. Piecost of Upper Carolina actually won, but isn't mentioned here.
Course Record Broken in 8 Tuff Miles
By Lynda Lohr — February 24, 2013
David Riddle finishes 8 Tuff Miles in first place in a course record time.
David Riddle, 31, an aviation engineer from Cincinnati, set a course record in Saturday’s 8 Tuff Miles race with a time of 45 minutes and 46 seconds, 14 seconds faster than the old mark.
Riddle was the first of 1,207 runners to cross the finish line at the Coral Bay Ballfield. The race started in Cruz Bay.
“It was tough – the hills,” he said.
He said he likes a longer course, and said the fourth mile was a brutal. And while he had a plan, he said it was hard to prepare unless you’ve actually run the course.
The crew from the Cincinnati area cleaned up at this race, taking the top three spots for the men.
However, it was hometown women all the way when it came to the top two finishers for the women. As she has numerous times, Ruth Ann David, 39, a personal trainer from St. Thomas, was the first woman across the finish line with a time of 58 minutes and 49 seconds.
She used the same word as Riddle to describe her race.
“Tough,” she said.
She said life kept her busy and she had no time to train.
David was trailed by Devon Nemire-Pepe, 29, of St. John, with a time of one hour, one minute and 53 seconds. She finished seventh in 2012.
“It was hard,” she said, adding that every hill was a challenge.
Women's winner Ruth Ann David, right, her daughter Shaiah David, and second place women's finisher Devon Nemire-Pepe celebrate at the end of a tough race..
Women's winner Ruth Ann David, right, her daughter Shaiah David, and second place women's finisher Devon Nemire-Pepe celebrate at the end of a tough race..
Third for the women went to Stephanie Remick, 27 of Arlington, Va. She had a time of one hour, five minutes and 49 seconds.
As for the men, last year’s winner, Derrick Butler, 32, of Cincinnati took second.
“I pressed a little early and got off my game,” he said, adding that Riddle ran a good race.
Third for the men went to the man who set the previous course record of 46 minutes in 2011, Chris Reis, 31, also of Cincinnati. His time was 49 minutes and 38 seconds.
He said he’s now focusing on cross-fit competition because he wanted a change.
“I’m definitely not as strong on the hills as before,” he said.
St. John resident Jeremy Zuber, who won numerous times in previous years, came in 10th for the men with a time of 54 minutes and 57 seconds.
Waiting about a half-mile up Centerline Road for a friend to finish, he said he knew he wasn’t going to be a threat because he’s busy with work.
“It’s hard to find time to train,” he said.
While the race is all about the runners, it wouldn’t happen without a huge cadre of volunteers. No numbers were available on how many people came out to do such diverse jobs as fill goodie bags for the racers, cut fruit for post-race snacks and organize Gatorade and water in tubs of ice.
Aid stations lined the 8.375-mile course, with people handing out water and encouragement as the runners made their way toward Coral Bay.
While many of the volunteers live on St. John, plenty were on vacation.
Joan Sweeney of Wrentham, Mass., was headed toward the volunteer tent to help out. She said she’d watched the race before, but this was the first time to volunteer.
Frank Doherty of Berwyn, Penn., was busy cutting honeydew melon with Bill Milner of Pittman, N.J. Doherty spends about three months on St. John, but Milner was on vacation.
“My wife is walking,” he said, explaining what motivated him to help.
Spectators lined the course and the finish line to cheer on their favorites. As they have every year for many years, a group from around the country gathered on St. John to root for two of their women. One of them, Lynn Chill, is a breast cancer survivor, and the team wore pink to celebrate her success.
“We don’t see each other except for here,” her husband, Ben Chill, said.
The V.I. Police Department closed Centerline Road for the race, and Deputy Police Chief Maria Jones said the runners told her they were grateful they didn’t have to contend with passing cars.
She said there were no serious injuries reported.
Thursday, February 21, 2013
Wednesday, February 20, 2013
Tuesday, February 19, 2013
ChocoCruz is a 3-bedroom luxury villa with pool on St. John. See ChocoCruz at St. John Vacation Villas.
Monday, February 18, 2013
Saturday, February 16, 2013
Friday, February 15, 2013
Windcrest Villa is a 2-bedroom condo in the association called Upper Deck in Great Cruz Bay, St. John. You can see Windcrest at St. John Villa Rental.
Thursday, February 14, 2013
Wednesday, February 13, 2013
Tequila Sunrise is a 2-bedroom villa in Coral Bay, St. John, with a pool. You can rent Tequila Sunrise through St. John Villa Rental.
Tuesday, February 12, 2013
Monday, February 11, 2013
SeaScape is a 2-bedroom villa with pool in Chocolate Hole, St. John. SeaScape can be rented for your St. John vacation through St. John Villas.
Sunday, February 10, 2013
Perelandra is a 2-bedroom villa with pool in Cruz Bay, St. John. Western sunset views. Very private. Perelandra can be seen at St. John Vacation Villas.
Saturday, February 9, 2013
Louisenhoj is a 2-bedroom villa in Coral Bay, St. John. St. John Villa Rental is the website to find Louisenhoj and other rental properties.
Friday, February 8, 2013
Ginger Thomas is a 2-bedroom villa with pool in Cruz Bay. One of over 150 exquisite St. John villas listed at St. John Vacation Villas.
Thursday, February 7, 2013
Coral Breeze is a 2-bedroom condo in Upper Deck, St. John. Excellent views and a shared pool. Over 150 villa rentals can be found at St. John Villas.
Wednesday, February 6, 2013
Captain's View, a 2-bedroom villa with pool in Cruz Bay, is listed for rent at St. John Villas and Cottages.
Monday, February 4, 2013
Sunday, February 3, 2013
Friday, February 1, 2013
Rendezvous Cottage is a one-bedroom cottage in the Rendezvous Bar area of the south shore. Shares a pool with Rendezvous Villa on the same property. A beautiful indoor/outdoor sitting room with loads of space, bedroom with a/c, kitchen. Good area, with sunset views west. One of the many cottages listed at St. John Villa and Cottage Rental.
Papaya Moon is located in Upper Carolina with stunning views of Coral Bay and the British Virgin Islands. Large and private 1-bedroom cottage with pool. St. John Villa Rental.
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