(Wyo)-Bankrupt Coal Company Wants Former CEO Examined For Embezzlement
CHEYENNE, Wyo. (AP) - Attorneys for bankrupt coal company Blackjewel LLC and its creditors are asking a judge to let them examine the finances of former CEO Jeff Hoops, alleging that he embezzled millions of dollars for personal gain.
In documents filed Friday in U.S. Bankruptcy Court, lawyers for Blackjewel said the company was "woefully insolvent" by the time it filed for Chapter 11 bankruptcy protection in July and halted operations at 2 mines in Wyoming.
The filing accuses Hoops of transferring "tens of millions of dollars" of Blackjewel's money for the benefit of him and his family. Hoops declined to comment.
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