A Soddy Daisy man and business partner of an accused scammer says he's innocent.
Jack Brown's son, Jason, apologized to creditors Thursday, saying that his late father never got a chance to say 'I'm sorry.'
"I don't think it was a sincere apology," says Bruce Majors.
That was the reaction we got at the bankruptcy court hearing shortly after Jason Brown apologized for his father's actions.
Jack Brown is accused of carrying out a $12 million Ponzi scheme.
Bruce Majors says he and his wife invested over $500,000 with Jack Brown.
"We had a really comfortable income, now we don't have any money," says Bruce Majors.
In court, Jason Brown denied he played a role in the alleged Ponzi scheme. But he admitted to working as a partner with his father in a number of businesses and signing checks for Brown's Tax Service.
Jason says he also isn't able to account for the $150,000 he says he borrowed for a home-building company that he and his father never even started.
"I don't believe that he told the whole truth, he had to know more than he said he did," says investor
Patricia and her husband say they invested $1 million with Jack Brown. They believe Jason Brown knew what was going on.
"I'm looking for assets that he has, so if he has interests in any businesses that has value, then I'll look for that and try to sell it," says trustee Rick Jahn.
Jason Brown declined to talk to us on camera Thursday. The next hearing is set for November 20th.
By Jerry Askin