Dryer trial delayed until February - The Denver Business Journal:

Dryer trial delayed until February - The Denver Business Journal:: "As the founder of Mile High, Dryer and other executives put on flashy road shows nationwide promoting real estate investments -- including duplexes that were purchased by investors with the purpose of renting them out after they were built. After numerous complaints from Mile High investors and creditors, state securities officers in September 2005 asked a District Court judge to appoint a receiver to assume Mile High's operations. The receiver later filed for Chapter 11 bankruptcy on the company's behalf. An accounting firm engaged by Mile High bankruptcy trustee John Smiley recently concluded, in an exhaustive 300-page report, that Mile High operated as a 'Ponzi scheme' from September 2004 through October 2005 -- when $44 million and 882 customers flowed through the real estate investment company and its sister companies.As the founder of Mile High, Dryer and other executives put on flashy road shows nationwide promoting real estate investments -- including duplexes that were purchased by investors with the purpose of renting them out after they were built. After numerous complaints from Mile High investors and creditors, state securities officers in September 2005 asked a District Court judge to appoint a receiver to assume Mile High's operations. The receiver later filed for Chapter 11 bankruptcy on the company's behalf. An accounting firm engaged by Mile High bankruptcy trustee John Smiley recently concluded, in an exhaustive 300-page report, that Mile High operated as a 'Ponzi scheme' from September 2004 through October 2005 -- when $44 million and 882 customers flowed through the real estate investment company and its sister companies."