CCI Global Sued For $2.8 Million in Alleged “Fraudulent Transfers” in Allied Energy Services
February 18, 2022, Northern District of Georgia – Jordan E. Lubin, as Chapter 7 Trustee for the bankruptcy estate of Debtor Allied Energy Services, LLC, institutes an adversary proceeding against Defendants CCI Global, Inc. (“Global”) & Comprehensive Consulting International, LLC (“CCI”) to avoid and set aside alleged transfers or recover property or its value for the benefit of the bankruptcy estate of the Debtor.
The complaint alleges that Allied Energy, through its Chief Executive Officer, Clarence Dean Alford, “engaged in a scheme to fraudulently induce parties to invest in Debtor through the purchase of investment notes.” Lubin argues that the Debtor, by and through Alford, “induced investors to purchase notes from Debtor by misrepresenting and exaggerating Debtor’s experience and expertise in developing various energy projects, Debtor’s financial condition, et al.
Specifically, the complaint contends that Debtor allegedly paid or transferred $2,830,000.00 to Global and $190,600.00 to CCI by wire transfers from Debtor’s account to accounts owned and controlled by Global in “furtherance of a scheme to defraud creditors and investors.” The Trustee also argues that Debtor “did not receive reasonably equivalent value or fair consideration in exchange for the alleged transfers.”
In his complaint, the Trustee requests that the Court enter judgment in his favor and against the Defendants declaring that the alleged transfers constitute avoidable “fraudulent transfers and preferential transfers ‘pursuant to Section 548 & 547 of the Bankruptcy Code.
Lamberth, Cifelli, Ellis & Nason, P.A. represents the Trustee, and Honorable Jeffery W. Cavender presides over the Debtor’s bankruptcy case. So far, the Trustee has sued thirteen defendants, seeking alleged preferential and fraudulent transfers under Section 547, 548 of the Bankruptcy Code and state laws.
In re Allied Energy Services, LLC, Case No. 20-61244- JWC