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 Music

Nikki Sixx swears off Motley Crue songs after retirement

nikkis

The rocker says once the band calls it quits you won't hear him perform any of their hits.

in Music

The Who postpone concerts over Daltrey’s health concerns

rogerdaltrey

Roger Daltrey's doctors have told him he needs to postpone upcoming shows to rest his vocal chords.

in Music

Phil Rudd pens letter to AC/DC bandmates

15-overlay

The former drummer - left out of the band's 2015 tour - has broken his silence for the first since being convicted of drug and threat charges.