Hecker trustee gets green light to seek hidden assets

Randy Seaver plans to issue subpoenas to depose auto dealer's pals, a former wife and others.

January 5, 2012 at 2:51AM
Denney Hecker
Denney Hecker (Star Tribune/The Minnesota Star Tribune)

The bankruptcy trustee handling the Denny Hecker case got permission Wednesday to subpoena friends, an attorney and an ex-wife of the jailed auto mogul in the hopes of finding more hidden assets.

Trustee Randy Seaver argued in a court filing last month that the depositions may help reveal financial information that would assist the bankruptcy estate. U.S. Bankruptcy Judge Robert Kressel approved Seaver's requests Wednesday.

"Now we can serve the subpoenas," said Seaver's attorney Matthew Burton.

In the coming weeks, Seaver will question Hecker's bankruptcy attorney John Neve and ex-wife Sandra Hecker about money Hecker used to pay his attorney fees.

Seaver will also depose Hecker's friends George Johnson and Molly Jensen. Seaver said they may have helped Hecker and his wife, Christi Rowan Hecker, in "business or financial matters."

Seaver also wants testimony from Johnson's wife, Barbara Tourville, because she allegedly "placed funds in the prison account of Hecker and may have knowledge of his assets and financial affairs."

Seaver will also subpoena Commercial Partners Title.

Seaver has long accused Hecker of hiding assets from the court while living a luxurious lifestyle and claiming he had no money to pay for his criminal defense in 2010.

Hecker, who once owned 26 auto dealerships, a rental chain and lease/fleet outfits worth an estimated $8.6 billion, filed for bankruptcy in June 2009 claiming $767 million in debt and $18.5 million in assets. He was jailed in October, 2010 and is serving a 10-year prison sentence in Duluth for bankruptcy fraud and conspiring to defraud auto lenders out of millions of dollars in loans.

So far trustee Seaver has secured roughly $7 million for creditors.

Dee DePass • 612-673-7725

about the writer

about the writer

Dee DePass

Reporter

Dee DePass is an award-winning business reporter covering Minnesota small businesses for the Minnesota Star Tribune. She previously covered commercial real estate, manufacturing, the economy, workplace issues and banking.

See Moreicon

More from Business

See More
card image
Spencer Platt

The U.S. stock market roared back on Friday, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now.

Attendees of Frostbike made their way through the convention Saturday at the Quality Bike Products campus in Minneapolis. ] (AARON LAVINSKY/STAR TRIBUNE) aaron.lavinsky@startribune.com Frostbike 2016 was held at the Quality Bike Products Campus on Saturday, Feb. 27, 2016 in Bloomington, Minn.
card image