Prison life has been hard on Doug Cassity. The de facto executive officer of National Prearranged Services was sentenced to 10 years in Federal prison for his role in the preneed fraud that involved hundreds of millions of consumer funds. With about 6 years remaining on his sentence, Mr. Cassity has requested a release from
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NPS Trustees: Standard of Care for Preneed Administration
By Bill Stalter on
Final arguments were heard in the NPS civil trial this past Friday. With the SDR having presented evidence through the prior Friday, the defendant trustees presented their case in less than a week. This may reflect that the NPS trustees had viewed their duties as having been defined by Chapter 436 as relatively low. As…
Finding Fault with Chapter 436: The NPS Civil Trial
By Bill Stalter on
The NPS civil trial has completed its third week, and jurors probably face another four weeks of witness testimony. First from the NPS receiver, and then from the defendant trustees, the jurors are hearing two very contrasting theories of what fiduciary duties were owed by the NPS trustees. Up until a few weeks before the…
Groundhogs Day 2015: Six Weeks of NPS Civil Trial
By Bill Stalter on
Posted in NPS/Lincoln
The National Prearranged Services civil trial is scheduled to begin this week, and trial briefs have been filed with the Court. The briefs outline the arguments that each party plans to prove during the course of the trial. It is our understanding that the Special Deputy Receiver has settled with all defendant trustees except Allegiant…
Getting Personal: liability and the preneed trust officer
By Bill Stalter on
Earlier this week, the Federal Court that is to try the NPS civil lawsuit next month issued an order (Order denying Morisse JOP Mtn) that will raise red flags for the banks that serve as preneed trustees. In denying the motion of an officer of Allegiant Bank, Judge Richard Webber held that the…
A Legacy of Disgrace: the NPS Management Team
By Bill Stalter on
Posted in NPS/Lincoln, Uncategorized
Randall K. Sutton, former President and CEO of National Prearranged Services, died in prison on December 8th. Accordingly to pleadings filed in the NPS criminal and civil lawsuits, Mr. Sutton played a central role in the company’s operations. Another pivotal player in the Cassity schemes, Howard Wittner, was recently released from Federal…
Doug Cassity: A Master at the Slight of Hand
By Bill Stalter on
Posted in NPS/Lincoln, Uncategorized
Our prior blog post discussed the NPS Special Deputy Receiver’s motion for a ruling on two crucial legal issues. Doug Cassity was appalled that the SDR would attempt such an unbelievable slight of hand on the Federal court, and filed his own response. According to Mr. Cassity, the SDR has cited the court to the…
An immaterial witness: Doug Cassity
By Bill Stalter on
Posted in NPS/Lincoln, Uncategorized
Doug doesn’t have much faith in the legion of attorneys retained by the country’s largest banks. Mr. Cassity has filed a writ of habeas corpus ad testificandum that argues only he can effectively cross examine witnesses to NPS’ compliance with the 1994 consent judgment. Mr. Cassity argues that NPS could legally withdraw from trust all…
Father Knows Best: the Cassity Clan
By Bill Stalter on
Posted in Uncategorized
The remaining members of the Cassity clan have filed motions in opposition to the dismissal of Doug Cassity from the NPS civil lawsuit. Rhonda Cassity and Tyler Cassity argue that they too are the victims of Doug’s scheming and fraudulent conduct, and that good ole’ Dad should be compelled to testify, and held accountable.
The…
Taking Liberties with the Law: Where is my due process?
By Bill Stalter on
Posted in NPS/Lincoln, Uncategorized
Better to remain silent and be thought a fool than to speak out and remove all doubt.
Abraham Lincoln
Pleading by pleading, the Cassitys are speaking out against injustice. Brent Cassity followed his father’s lead, and filed a motion to dismiss from the civil lawsuit against NPS’ former management and trustees. The younger Cassity made…