A federal agency has been granted permission to fully investigate the books and bank accounts of a bankrupt tiny home builder in Englewood after its preliminary investigation found $860,000 in unexplained money withdrawals and unusual trips to Las Vegas.
Matthew Sowash, CEO of Holy Ground Tiny Homes in Englewood, speaks in a promotional video for the nonprofit company.
According to Layng, his office requested all of Holy Ground’s bank statements in November but received some only from CEO Matthew Sowash, who served nearly two years in prison for felony theft of about $470,000 in the late 2000s. That money was taken from investors in Sowash’s amateur poker league and a failed poker tournament in Las Vegas.
“However, there are several smaller transactions that, at first blush, appear to be inappropriate for a nonprofit tiny house manufacturing organization, such as recurring flights and hotels in Las Vegas. At this point, the U.S. Trustee is not making any conclusion regarding these.” Last Wednesday, bankruptcy lawyers for Holy Ground agreed to turn over monthly bank statements from four Chase Bank accounts and four Vectra Bank accounts dating back to 2019. They also agreed to turn over the nonprofit’s books to Lofstedt and did not object to her having the power to subpoena records and testimony or hire experts as needed.
“A constant and recurring theme amongst the sea of creditors’ questions was, ‘What happened and where did the money go?’” Layng told Brown in his Dec. 20 request to investigate.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
City of Englewood closes library, part of civic center after meth detected in restroomsThe City of Englewood has temporarily closed the Englewood Public Library and portions of the Englewood Civic Center after meth was detected in the restrooms.
Read more »
While Norfolk Southern touts benefits expansion will bring to Englewood, residents and contractors reject railroad promisesThe railroad plans to double the size of its intermodal yard at 47th Street and the Dan Ryan Expressway. The City Council is expected to vote on the transfer ordinance Jan. 18.
Read more »
Englewood Public Library, parts of the city’s Civic Center are closed by meth contaminationMethamphetamine contamination on Wednesday forced the closure of the Englewood Public Library, the north Civic Center lobby and second-floor restrooms of the city’s Civic Center.
Read more »
Ex-Playboy model sentenced to 10-25 in prison for Vegas slaying of Monterey County psychiatristA former men’s magazine model was sentenced Tuesday in Nevada to prison for killing a Salinas doctor whose bludgeoned corpse was found in 2019 in the trunk of her abandoned car just outside L…
Read more »
5 music festivals worth the trip to Las Vegas in 2023Some of the big events include EDC, Life is Beautiful and Punk Rock Bowling.
Read more »
Johnny Vegas: Comedian opens up about recent ADHD diagnosisThe comedian says the news 'answers a lot of questions about behavioural issues in the past'.
Read more »