3 HB Receiver

Message From Receiver

Message to the Three Hebrew Boys Victims from the Receiver

     On November 24, 2009, the Honorable Margaret B. Seymour, United States District Court Judge, District of South Carolina entered an Order which unsealed prior Orders relating to my appointment and work as the Receiver in this case, commonly referred to as the Three Hebrew Boys matter (Case no. 3:07-mc-135).  It is an honor to serve in this capacity and I want to assure you that my staff and I are committed to locating and managing assets in order to maximize the return to the victims of this fraudulent scheme.

      After a two week trial in the United States District Court for the District of South Carolina, Columbia Division, a jury returned a guilty verdict for all 174 counts against Mr. Tim McQueen, Mr. Tony Pough, and Mr. Joseph Brunson after less than two hours of deliberation.  There are approximately 7,000 victims in this case and thousands of victims are active-duty military.  The self-named Three Hebrew Boys never made any investments as they promised with your money.  Instead they lived lavish lifestyles with the money they gained from your "investments".  They purchased more than twenty-two new high end vehicles; a multi-million dollar Gulfstream Jet; a nine hundred thousand dollar Prevost Motorcoach; three condominiums in the trendy Buckhead area of Atlanta, Georgia; two six bedroom, six bathroom vacation homes near Orlando, Florida; two luxury suites for the Atlanta Falcons and Charlotte Panthers football teams; and many other extravagant purchases.  Furthermore, they withdrew over three million dollars in cash increments of less than $10,000.00 each between the years of 2006-2009.  According to one of the jurors, "you don't use God if you're going to defraud people."(Shain, A., '3 Hebrew Boys guilty of $82 million ponzi scheme', The state, November 21, 2009)  Each one of the Three Hebrew Boys was immediately placed in custody after the jury returned its verdict.  The United States Attorney's Office prosecuted the entire case and will handle the sentencing and any appeals that may follow.  Click the links below to read the rest of the message to the victims..

Read the Whole message and download PDF here...

Read the Whole web based version here....