News

Parsons Appears in Federal Court; Reveals New Buy/Sell/Trade Business

Parsons Appears in Federal Court; Reveals New Buy/Sell/Trade Business

Jeff Parsons exits the federal courthouse in Springfield. July 10, 2014 Photo: Newsradio WTAX/Alex Degman

A man who owes his former employees more than $12 million has appeared in Springfield to answer questions about his assets.

Jeff Parsons, who owned THR and Associates before it went bankrupt in 2012, answered questions under oath for two hours in federal court. An attorney for former THR employees questioned him about his personal and business expenses, trying to figure out how he separates the two.

Parsons, who moved to Texas last year to live with his girlfriend, started another buy/sell/trade business known as NCCA LLC.

Parsons did not provide all the documents required. At one point, Parsons told the questioning attorney he thought he needed to submit documents only for Jeffery Parsons; not for THR and Associates nor any other business venture, including NCCA LLC. He’s been given an additional 30 days to submit the documents.

He’ll be back in federal court on August 27th.

Recent Headlines

in Local

Guilty Plea in Drug Induced Homicide

scales justice

Springfield man faces 30 years in drug death

in Local

S&P Revises Illinois Outlook Downward

state_capitol_3

Standard & Poor's Ratings Services has changed its outlook on Illinois' credit rating for the worse.

in Local

Grandstand Roof Repairs Won’t Be Finished by Fair Time

statefair_grandstand

Repairs to the state fair grandstand's roof won't be finished by the time the fair begins.

in Local

“No Sign of Homicide” in Female Body Found in Rochester

rochester police

Sangamon County Coroner Cinda Edwards hopes the mystery of a woman's skeleton found in Rochester over the weekend could be solved soon.