A federal judge has threatened to hold former THR and Associates boss Jeff Parsons in criminal contempt of court if he doesn’t provide the documents needed to proceed with his case.
Parsons last appeared in court July 10th when he was ordered to produce documents related to THR and his current buy/sell/trade ventures. He owes former employees and vendors more than $12 million and declared bankruptcy in 2012.
Parsons, again, didn’t provide everything needed. He solicited an attorney and accountant to go through receipts and compile financial reports, but he didn’t provide transaction reports or invoices for any good, silver or other goods he bought at shows and then and sold to Steve Mileham, the man who owns Goldlink on MacArthur Blvd. in Springfield.
Parsons told attorney Doug Quivey, representing Parson’s former employees and vendors, that Mileham buys materials purchased at road shows and offers what’s called “advances” in exchange. Quivey, poring over documents, says Mileham has “advanced” Parsons nearly $2 million since he filed for bankruptcy in 2012.
Parsons didn’t provide transaction reports detailing how much, if any, of that money went into his business accounts.
Federal Judge Sue Myerscough, toward the end of the nearly two hour hearing, recessed until Oct. 1. She threatened to hold Parsons in criminal contempt of court, with possible jail time, if he doesn’t produce all the requested documentation by Sept. 10.
Parsons said he understood.
He’s been operating a buy/sell/trade business in Texas known as NCCA LLC, formerly known as the Collector’s Road Show, since last year. Financial records show Parsons has paid himself a nearly $78,000 salary from November 2013 to the end of July 2014.
It was also revealed that Parsons’ son, Jacob Parsons, filed bankruptcy this summer.