A motivational speaker with felony debts that couldn’t be discharged through bankruptcy flips his lid
Jeff Locker was a motivational speaker that believed in infusing “spirituality” into business. But for someone who preached “enhanced Life Fulfillment” to entrepreneurs, he wasn’t terribly successful himself. He had previously fallen several hundreds of thousands behind into the credit trap and could hardly pay the bills.
This past April, a bankruptcy judge ordered him to recover funds he’d reaped from a stake in a billion dollar Ponzi scheme. Despite the bankruptcy court’s incriminating evidence against his involvement in the infamous Pearlman Blimp Ponzi scheme, Locker insisted he was an innocent investor. The bankruptcy proceeding unraveled his life quickly, demanding $311,000 be recouped.
Up to his final moments, Jeff Locker was a strong, persuasive orator, but this did not help him in the end. He was found dead in his car with signs of strangulation and multiple stab wounds.
Jeff Locker’s death was certainly gruesome—but as someone who existed only in a “New World” of vague ideas, preaching the “Laws of Vibration & Attraction”, he never saw a pragmatic way out of his debt. Debts to federal bankruptcy court from active participants of a Ponzi scheme cannot be discharged through a personal bankruptcy—unless the accused would rather repay their debts in a state penitentiary.
Locker’s unraveling due to criminal involvement is a sad tale—but had he sidestepped foul play investing, he could have dissolved his debt the old-fashioned way, with a personal bankruptcy.
Legal Helpers deals exclusively in helping individuals attain debt consolidation and reorganization through Chapter 7 and Chapter 13 personal bankruptcies so that no one has to witness the shocking, disturbing measures that the financially struggling Jeff Locker went to. While all of the audiences of his countless business seminars take a moment to question all of his gleanings, take a second to assess your own finances. Call the professionals at 1-800-260-1402 for a free bankruptcy consultation today.