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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.

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