Some $18 million at stake in bankruptcy of investment firm with ties to large Madison church
Judge grants motion on behalf of investors in Terry Kretz's Hanover Corp., which took in some $18 million from churchgoers and others
After suing company, Arizona couple now seeks to intervene in involuntary liquidation proceedings; asks for evidence of ties with Cornerstone Church
Hanover Corp. used its links with a Nashville church to raise more than $18 million from about 150 small-time investors, promising a 24 percent annual return. Now the company is foundering amid bankruptcy filings and a lawsuit that calls it a Ponzi scheme.
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