Trustee's Report

7/29/2019 Trustee's Report

1/17

Filed (f) or Converted (c):

Claims Bar Date:

Form 1

Individual Estate Property Record and Report

Asset Cases

06/30/11Period Ending:

Trustee: Eric C. Rajala

Asset Description

(Scheduled And Unscheduled (u) Property)

Petition/

Unscheduled

Values

Estimated Net Value

(Value Determined By Trustee,

Less Liens, Exemptions,

and Other Costs)

Property

Abandoned

OA=554(a) abandon.

DA=554(c) abandon.

Sale/Funds

Received by

the Estate

Asset Fully

Administered (FA)/

Gross Value of

Remaining Assets

1 2 3 4 5 6

Case Number:

Page: 1

08-20645-7 RDB

07/14/08

Ref. #

Case Name: Ethanex Energy, Inc.04/24/08341(a) Meeting Date:03/27/08 (f)

(360001)

State of Missouri-Air Pollution Control Refund (u) FA40.00 40.00 40.001

Nasdaq Stock Market -Adm Fee Refund (u) FA7,500.00 7,500.00 7,500.002

Westar Energy Credit Balance (u) FA0.00 0.00 55.783

BANK ACCOUNTS - Bank of America ck FA298,676.90 298,676.90 298,676.904

BANK ACCOUNTS - Bank of America money mkt FA0.00 0.00 30,639.315

BANK ACCOUNTS - Bank of America CDs FA78,497.51 78,497.51 78,497.516

SECURITY DEPOSITS-Kiawah Resort FA3,098.34 3,098.34 0.00DA7

SECURITY DEPOSITS - Bonee Enterprises FA900.00 900.00 0.00DA8

Interest in Ethanex Southern IL, LLC- 85% FA426,813.29 Unknown 426,813.299

Interest in Northeast Kansas LLC FAUnknown Unknown 0.00DA10

Interest in Ethanex Energy NA,, Inc FAUnknown Unknown 0.00DA11

ACCOUNTS RECEIVABLE -Ethanex Southern IL, LLC FA1,370,000.00 1,370,000.00 0.00DA12

Contingent securities claim v McGuire Woods LLP

Case is set for trial in U.S. District Court in Kansas

City, Kansas, in May 2012.

UnknownUnknown Unknown 0.0013

Contingent claim v Receiver of Zahill Estate UnknownUnknown Unknown 0.0014

AUTOMOBILES - 06 GMC 1500 FA15,000.00 0.00 0.00DA15

AUTOMOBILES - 06 GMC Envoy FA22,500.00 1,842.95 0.00DA16

Printed: 07/18/2011 05:28 PM V.12.57Case 08-20645 Doc# 100 Filed 07/19/11 Page 1 of 17


2/17


Claims Bar Date:

Form 1


Asset Cases



Asset Description


Petition/

Unscheduled

Values

Estimated Net Value



and Other Costs)

Property

Abandoned

OA=554(a) abandon.

DA=554(c) abandon.

Sale/Funds

Received by

the Estate

Asset Fully

Administered (FA)/

Gross Value of

Remaining Assets

1 2 3 4 5 6

Case Number:

Page: 2

08-20645-7 RDB

07/14/08

Ref. #


(360001)

OFFICE EQUIPMENT, FURNISHINGS, AND SUPPLIES FA15,000.00 15,000.00 0.00DA17

OFFICE EQUIPMENT, FURNISHINGS, AND SUPPLIES FA50,000.00 50,000.00 21,077.0018

Sun Life Financial-Premium Refund (u) FA201.00 201.00 201.0019

Atmos Energy (u)

Credit balance

FA77.88 77.88 77.8820

Unused Retainer Fee (u)

Shook Hardy & Bacon

FA1,386.00 1,386.00 1,386.0021

Unused Retainer Fee (u)

Davenport, Evans, Hurwitz & Smith

FA755.32 755.32 755.3222

REAL PROPERTY - 1107 Western Rd, Caro, MI (u) FA172,000.00 0.00 0.00DA23

Funds from dismissed case 08-20651 Ethanex South (u) FA8,371.71 8,371.71 8,371.4724

Bank of America Credit Balance (u)

Refund of account credit balance on credit card

FA180.48 180.48 180.4825

POTENTIAL PREFERENCE - Kirkland & Ellis (u)

Settlement per order dated 2/8/11 Doc #94

FA100,000.00 100,000.00 100,000.0026

Contingent claim in Zehill forfeiture case (u)

Asset value based on amended Zehil criminal

restitution order, however, additional damages will be

sought in the forfeiture case.

2,518,463.71Unknown Unknown 0.0027

INTEREST (u) UnknownUnknown N/A 4,952.93Int



3/17


Claims Bar Date:

Form 1


Asset Cases



Asset Description


Petition/

Unscheduled

Values

Estimated Net Value



and Other Costs)

Property

Abandoned

OA=554(a) abandon.

DA=554(c) abandon.

Sale/Funds

Received by

the Estate

Asset Fully

Administered (FA)/

Gross Value of

Remaining Assets

1 2 3 4 5 6

Case Number:

Page: 3

08-20645-7 RDB

07/14/08

Ref. #


(360001)

(Excluding unknown values) $1,936,528.09 $979,224.87 $2,518,463.7128 Assets Totals $2,570,998.43

Major Activities Affecting Case Closing:

05/11/11- An amended order of restitution has been entered in the Zehil criminal case, allowing the estate's claim for restitution in the amount of $2,518,463.71.

Payment will eventually be made via a distribution from the currency forfeited by Zehil in the criminal case; however, special counsel is filing a petition in the forfeiture

action, seeking an additional distribution in the form of recovery of the proceeds of Zehil's "short swing profits" from the sale of Ethanex stock.

Gathering claims, govt bar date 10/14/08.

4/29/08-Requested turnover of Bank of America funds.

Negotiating to sell Ethanex Energy's 85% interest in Ethanex Southern Illinois, LLC, to Star Ethanol, the 15% owner of the LLC. Negotiating terms of employment of

The Edgar Law Firm to represent the Trustee vs. Louis Zehil for securities fraud and the McGuire Woods law firm for professional negligence. Working on sale or

auction of furniture, fixtures and equipment, and termination of office leases in Basehor and in South Carolina. All paper business records have been boxed, labelled,

and moved into a storage facility, along with computer servers, PCs and laptops. All electronically stored information on the file servers has been archived with BDK,

LLP to preserve it for litigation. Working on motion to appoint the trustee as the 401(k) plan administrator for Ethanex Energy, Inc.

7/3/08-Application to Employ Edgar Law Firm as Special Counsel.

1/28/09-Reviewing claims.

5/5/09-Letter to Chadbourne & Parke requesting documentation on POC #8.

6/01/09-Documentation on POC #8 received charges appear to be legitimate.

7/31/09-Claims reviewed.

8/6/09-Letter to Davenport requesting accounting of retainer.

8/24/09-Accounting of Davenport retainer received OK per ECR.

11/24/09-Motion to Pay Tax Claim Owed by Ethanex Southern Illinois, LLC filed.

1/19/10-Preference demand letters sent to Marsh USA, inc, Shook, Hardy & Bacon, and Kirkland & Ellis.



4/17


Claims Bar Date:

Form 1


Asset Cases



Asset Description


Petition/

Unscheduled

Values

Estimated Net Value



and Other Costs)

Property

Abandoned

OA=554(a) abandon.

DA=554(c) abandon.

Sale/Funds

Received by

the Estate

Asset Fully

Administered (FA)/

Gross Value of

Remaining Assets

1 2 3 4 5 6

Case Number:

Page: 4

08-20645-7 RDB

07/14/08

Ref. #


(360001)

3/25/10-Adversary Complaints to Avoid & Recover Preferential Transfers v. Marsh USA, Kirkland & Ellis II LLP, and Shook, Hardy & Bacon LLP filed.

4/28/10-Order extending time to respond to complaint in Adv 10-6051 to 5/26/10.

5/6/10-Order extending time to respond to complaint in Adv 10-6050 to 5/24/10.

5/7/10-Motion for Default Judgment in Adv 10-6049 filed.

5/19/10-Order Dismissing Adv 10-6049 entered.

6/15/10-Adv 10-6050 scheduling conference set for 8/4/10.

8/3/10-Scheduling Order in Adv 10-6050 filed.

11/22/10-Opposition to McGuire Woods' Motion to Dismiss filed.

12/16/10-Amended Scheduling Order filed for Adv 10-6050 and 10-6051-Dispositive Motions due 3/16/11.

12/21/10-Application for Special Counsel Expense Reimbursement filed.

3/25/11-Kirkland & Ellis Settlement funds received.

6/24/11-The trial of the Trustee's case against McGuire Woods has been rescheduled for September 2012; discovery is ongoing. The Trustee is also pursuing a

restitution claim against Zehil in the criminal case.

Initial Projected Date Of Final Report (TFR): May 31, 2010 Current Projected Date Of Final Report (TFR): December 31, 2012



5/17

Blanket Bond:

Separate Bond:

Description of Transaction

Form 2

Cash Receipts And Disbursements Record

06/30/11

**-***7691Taxpayer ID #:

Case Number:

Bank Name:

$19,000,000.00 (per case limit)***-*****64-19 - Time Deposit Account

JPMORGAN CHASE BANK, N.A.

Trans.Date

{Ref #} /Check # Paid To / Received From

Receipts$

Disbursements$ Account Balance

Time Deposit

Trustee: Eric C. Rajala (360001)

Page: 1

08-20645-7 RDB

Case Name: Ethanex Energy, Inc.

N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

FUNDING ACCOUNT: ********6465 400,000.00 400,000.0008/12/08 9999-000

Interest posting at 0.7500%JPMORGAN CHASE BANK, N.A. 3,011.25 403,011.2508/12/09 Int 1270-000

Interest posting at 0.1500%JPMORGAN CHASE BANK, N.A. 49.69 403,060.9409/11/09 Int 1270-000






Transfer out to account ********6465Transfer out to account ********6465 -403,316.10 0.0002/16/10 9999-000

0.00 0.00ACCOUNT TOTALS $0.00

-3,316.10 0.00Less: Bank Transfers

3,316.10 0.00Subtotal

0.00Less: Payments to Debtors

$0.00NET Receipts / Disbursements $3,316.10

{} Asset reference(s) Printed: 07/18/2011 05:28 PM V.12.57Case 08-20645 Doc# 100 Filed 07/19/11 Page 5 of 17


6/17

Blanket Bond:

Separate Bond:


Form 2


06/30/11


Case Number:

Bank Name:

$19,000,000.00 (per case limit)***-*****64-20 - Time Deposit Account


Trans.Date


Receipts$


Time Deposit


Page: 2

08-20645-7 RDB


N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

FUNDING ACCOUNT: ********6465 400,000.00 400,000.0012/22/08 9999-000



Adjust Principal via CD RolloverFrom Account #********6465 20,000.00 420,299.2906/23/09 9999-000







Transfer out to account ********6465Transfer out to account ********6465 -420,717.41 0.0002/23/10 9999-000

0.00 0.00ACCOUNT TOTALS $0.00

-717.41 0.00Less: Bank Transfers

717.41 0.00Subtotal


$0.00NET Receipts / Disbursements $717.41



7/17

Blanket Bond:

Separate Bond:


Form 2


06/30/11


Case Number:

Bank Name:

$19,000,000.00 (per case limit)***-*****64-65 - Money Market Account


Trans.Date


Receipts$


Money Market


Page: 3

08-20645-7 RDB


N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

Payment of State of MO Air Pollution Contol

refund.

Treasurer of the State of Missourt 40.00 40.0004/14/08 {1} 1229-000

Payment of Nasdaq Administrative Fee

Refund.

The Nasdaq Stock Market, Inc. 7,500.00 7,540.0004/14/08 {2} 1229-000

Interest posting at 0.1700%JPMORGAN CHASE BANK, N.A. 0.52 7,540.5204/30/08 Int 1270-000Payment towards refund of credit balanceWestar Energy 55.78 7,596.3005/08/08 {3} 1229-000



Premium RefundSun Life Financial 201.00 7,799.2007/09/08 {19} 1229-000

Payment toward bank account balance on

date of filing.

Bank of America 407,813.72 415,612.9207/24/08

Payment toward bank

account balance on date

of filing.

298,676.90 415,612.92{4} 1129-000

Payment toward bankaccount balance on date

of filing.

30,639.31 415,612.92{5} 1129-000

Payment toward bank

account balance on date

of filing.

78,497.51 415,612.92{6} 1129-000


ACCOUNT FUNDED: ********6419 400,000.00 15,620.5908/12/08 9999-000

Payment toward sale of office furniture and

equipment #S-1.

Lindsay Auction Service, Inc. 15,622.00 31,242.5908/15/08 {18} 1129-000

Payment of auctioneer fees and expensesThomas J. Lindsay 2,438.47 28,804.1208/25/08 1001

{} Asset reference(s) Printed: 07/18/2011 05:28 PM V.12.57

$431,242.59 $402,438.47Subtotals :Case 08-20645 Doc# 100 Filed 07/19/11 Page 7 of 17


8/17

Blanket Bond:

Separate Bond:


Form 2


06/30/11


Case Number:

Bank Name:

$19,000,000.00 (per case limit)

***-*****64-65 - Money Market Account


Trans.Date


Receipts$


Money Market


Page: 4

08-20645-7 RDB


N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

Payment for auctioneer

fees

1,562.20 28,804.123610-000

Payment for auctioneer

expenses

876.27 28,804.123620-000

Interest posting at 0.1500%JPMORGAN CHASE BANK, N.A. 20.59 28,824.7108/29/08 Int 1270-000Payment toward sale of office furniture and

equipment #S-2.

Primafuel, Inc. 5,455.00 34,279.7109/18/08 {18} 1129-000


Payment on refund of credit balanceAtmos Energy Corp. 77.88 34,361.5710/08/08 {20} 1229-000



Payment toward sale of LLC interest and

settlement with Star Ethanol LLC per 10/16/08

Order

Star Ethanol LLC 426,813.29 461,181.3012/17/08 {9} 1129-000

ACCOUNT FUNDED: ********6420 400,000.00 61,181.3012/22/08 9999-000Payment of trustee expenses per 12/10/08

order

Eric C. Rajala 17,560.96 43,620.3412/22/08 1002 2200-000


Payment toward unused legal retainer feeShook, Hardy & Bacon, L.L.P. 1,386.00 45,012.4101/13/09 {21} 1229-000


Transfer of funds to pay claims per 2/2/09

Order.

ETHANEX SOUTHERN ILLINOIS

LLC

8,371.47 53,385.6902/11/09 {24} 1290-000

Payment of claim per 2/2/09 OrderInternal Revenue Service 500.96 52,884.7302/12/09 1003 2810-000

Payment of claim per 2/2/09 OrderNatural Resource Group LLC 9,700.33 43,184.4002/12/09 1004 2990-000





9/17

Blanket Bond:

Separate Bond:


Form 2


06/30/11


Case Number:

Bank Name:

$19,000,000.00 (per case limit)



Trans.Date


Receipts$


Money Market


Page: 5

08-20645-7 RDB


N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code




Payment toward unused legal retainer feeDavenport, Evans, Hurwitz & Smith,

L.L.P.

755.32 43,946.8206/12/09 {22} 1229-000

Adjust Principal via CD RolloverTo Account #********6420 20,000.00 23,946.8206/23/09 9999-000





Payment of LEVY PROCEEDS for Ethanex

Southern Illinois LLC 20-5591725 for 1065 tax

period ending 12/31/06

United States Treasury 623.39 23,328.0710/22/09 1005 2810-000


Interest posting at 0.0500%JPMORGAN CHASE BANK, N.A. 0.98 23,330.0211/30/09 Int 1270-000Interest posting at 0.0500%JPMORGAN CHASE BANK, N.A. 0.98 23,331.0012/31/09 Int 1270-000


Current Interest Rate is 0.0500%JPMORGAN CHASE BANK, N.A. 0.09 23,332.0102/02/10 Int 1270-000

Wire out to BNYM account 9200******6465Wire out to BNYM account

9200******6465

-23,332.01 0.0002/02/10 9999-000

Transfer in from account ********6419Transfer in from account

********6419

403,316.10 403,316.1002/16/10 9999-000


9200******6419

-403,316.10 0.0002/16/10 9999-000

Transfer in from account ********6420Transfer in from account 420,717.41 420,717.4102/23/10 9999-000




10/17

Blanket Bond:

Separate Bond:


Form 2


06/30/11


Case Number:

Bank Name:

$19,000,000.00 (per case limit)



Trans.Date


Receipts$


Money Market


Page: 6

08-20645-7 RDB


N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

********6420


9200******6420

-420,717.41 0.0002/23/10 9999-000

850,824.11 850,824.11ACCOUNT TOTALS $0.00

-23,332.01 820,000.00Less: Bank Transfers874,156.12 30,824.11Subtotal


$30,824.11NET Receipts / Disbursements $874,156.12



11/17

Blanket Bond:

Separate Bond:


Form 2


06/30/11


Case Number:

Bank Name:

$19,000,000.00 (per case limit)

9200-******64-19 - Money Market Account

The Bank of New York Mellon

Trans.Date


Receipts$


Money Market


Page: 7

08-20645-7 RDB


N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

Wire in from JPMorgan Chase Bank, N.A.

account ********6465

Wire in from JPMorgan Chase

Bank, N.A. account ********6465

403,316.10 403,316.1002/16/10 9999-000

Interest posting at 0.1500%The Bank of New York Mellon 19.88 403,335.9802/26/10 Int 1270-000


Interest posting at 0.1500%The Bank of New York Mellon 49.72 403,437.0904/30/10 Int 1270-000Interest posting at 0.1500%The Bank of New York Mellon 51.39 403,488.4805/28/10 Int 1270-000

















$403,734.71 $0.00Subtotals :Case 08-20645 Doc# 100 Filed 07/19/11 Page 11 of 17


12/17

Blanket Bond:

Separate Bond:


Form 2


06/30/11


Case Number:

Bank Name:

$19,000,000.00 (per case limit)



Trans.Date


Receipts$


Money Market


Page: 8

08-20645-7 RDB


N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

403,734.71 0.00ACCOUNT TOTALS $403,734.71

403,316.10 0.00Less: Bank Transfers

418.61 0.00Subtotal





13/17

Blanket Bond:

Separate Bond:


Form 2


06/30/11


Case Number:

Bank Name:

$19,000,000.00 (per case limit)



Trans.Date


Receipts$


Money Market


Page: 9

08-20645-7 RDB


N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code


account ********6465



420,717.41 420,717.4102/23/10 9999-000












Adjust Principal via TIA RolloverTo Account #9200******6465 50,000.00 371,097.1802/03/11 9999-000





Adjust Principal via TIA RolloverFrom Account #9200******6465 100,000.00 471,115.2204/01/11 9999-000







14/17

Blanket Bond:

Separate Bond:


Form 2


06/30/11


Case Number:

Bank Name:

$19,000,000.00 (per case limit)



Trans.Date


Receipts$


Money Market


Page: 10

08-20645-7 RDB


N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

521,142.52 50,000.00ACCOUNT TOTALS $471,142.52

520,717.41 50,000.00Less: Bank Transfers

425.11 0.00Subtotal





15/17

Blanket Bond:

Separate Bond:


Form 2


06/30/11


Case Number:

Bank Name:

$19,000,000.00 (per case limit)



Trans.Date


Receipts$


Money Market


Page: 11

08-20645-7 RDB


N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code


account ********6465



23,332.01 23,332.0102/02/10 9999-000









Payment toward Bank of America credit

balance

Bank of America NA 180.48 23,522.2411/11/10 {25} 1229-000


Interest posting at 0.0100%The Bank of New York Mellon 0.19 23,522.6112/31/10 Int 1270-000Partial payment of special counsel expenses

per Order dated 1/12/11 Doc #92

Edgar Law Firm LLC 20,000.00 3,522.6101/19/11 11006 3220-610


Adjust Principal via TIA RolloverFrom Account #9200******6420 50,000.00 53,522.7702/03/11 9999-000

Payment of special counsel expenses per

Order dated 1/12/11 Doc #92

Edgar Law Firm LLC 42,084.01 11,438.7602/03/11 11007 3220-610




Monies received in settlement of preferenceKirkland & Ellis LLP 100,000.00 111,439.0303/29/11 {26} 1241-000




16/17

Blanket Bond:

Separate Bond:


Form 2


06/30/11


Case Number:

Bank Name:

$19,000,000.00 (per case limit)



Trans.Date


Receipts$


Money Market


Page: 12

08-20645-7 RDB


N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

action per order dated 2/8/11 Doc #94


Adjust Principal via TIA RolloverTo Account #9200******6420 100,000.00 11,439.2504/01/11 9999-000



173,523.53 162,084.01ACCOUNT TOTALS $11,439.52

73,332.01 100,000.00Less: Bank Transfers

100,191.52 62,084.01Subtotal


$62,084.01NET Receipts / Disbursements $100,191.52



17/17

Blanket Bond:

Separate Bond:


Form 2


06/30/11


Case Number:

Bank Name:

$19,000,000.00 (per case limit)



Trans.Date


Receipts$


Money Market


Page: 13

08-20645-7 RDB


N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

3,316.10

717.41

874,156.12

418.61

425.11

100,191.52

0.00

0.00

30,824.11

0.00

0.00

62,084.01

0.00

0.00

0.00

403,734.71

471,142.52

11,439.52

NetReceipts

NetDisbursements

AccountBalances

TIA # ***-*****64-19

TIA # ***-*****64-20

MMA # ***-*****64-65

MMA # 9200-******64-19

MMA # 9200-******64-20

MMA # 9200-******64-65

TOTAL - ALL ACCOUNTS

$886,316.75$979,224.87 $92,908.12


Trustee's Report

Documents

Transcript of Trustee's Report