Feds say former senior officer of collapsed J.C. Reed group bilked elderly investors out of millions
Court filing says former investment director could face additional civil claims as well
Company recently sued by the SEC for fraud, and which has begun the 'closeout' of operations, plans to shift Chapter 11 filing to a Chapter 7
Regulatory authority sues bankrupt financial firms, one of their officers and the estate of their late founder, claiming fraudulent sales to more than 100 investors
Investment advisory unit takes Chapter 7 following parent firm's Chapter 11
Financial company heads to bankruptcy court four months after founder's death; four other local businesses have also filed since Wednesday