The Associated Press • January 31, 2011
http://www.courierpostonline.com/article/20110131/NEWS02/110131030/Judge-considers-reopening-Brennan-case
TRENTON — A federal judge in New Jersey on Monday is set to consider whether to reopen the bankruptcy case of convicted penny stock tycoon Robert Brennan.
Brennan was released from prison this month after spending nearly a decade behind bars after he was found guilty of bankruptcy fraud and money laundering.
Brennan and his defunct First Jersey Securities brokerage firm were ordered to pay a $75 million civil stock fraud judgment. Brennan filed for bankruptcy protection in 1995.
The Star-Ledger of Newark reports the judge will decide whether to reopen the case so regulators can seek to recover money from the trust that Brennan established for his children in 1994.
The trust, which is held in an account in the Caribbean, was valued at $6.4 million in 1998.