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Russell Cline found in contempt
Internal Administrator
Posted: Friday, August 12, 2011
Joined: 10/12/2010
Posts: 5780

Posted: 2/26/2004 4:01:36 PM

By: Rose the princess

Synopsis of Judge King's ruiling:

Opinion:Defendant Russell Cline has violated this court's orders and is found in contempt ofcourt. Cline may purge this contempt by producing the missing property from the RiverwoodDrive house or directing the court to where the property can be found. If Cline has not done sobefore March 15, 2004, he shall turn himself in to the United States Marshal's office on that day.Cline shall be taken into custody and remain incarcerated until he complies with the court'sorders.Plaintiffs' Motion for Order of Contempt, for Immediate Compliance with Court Order,Motion for Sanctions against Defendant Russell B. Cline (#167) and the Receiver's Motion forOrder of Contempt (#185) are granted. (See formal Opinion 11 Pages)By Judge Garr M. King. Signed 2/25/2004 (Related document(s)185, 167) (ecp, ) (Entered: 02/25/2004


"It's not easy being a princess"

Posted: Friday, August 12, 2011

Posted: 2/27/2004 7:56:47 PM

By: Rose - Excellent Oregonian article

Jeff Manning has to be the coolest Oregonian writer:


Trader held in contempt in fraud case

Russell Cline, accused of bilking investors, faces jail over missing assets: his home furnishings



A federal judge has found Russell Cline, accused in a foreign currency scam, in contempt of court and ordered him jailed unless he returns hundreds of thousands of dollars' worth of furnishings taken from his Southwest Portland home.

Posted: Friday, August 12, 2011

Posted: 2/27/2004 3:31:04 AM

By: Mostly furnishings and overpriced artwork

I believe the missing property is mostly furniture and artwork that was located in Cline's mansion. In the Judge's formal opinion I believe it stated the approximate value of the missing property was around $170,000. Coincidentally this property mysteriously disappeared just a few days prior to Russell being forced to vacate his residence.

It's my understanding that most of Cline's high-end A/V equipment (including his home theater system which cost $130,000) was either seized by the IRS-CID in May/June 2003 or distributed to Cline's groupies prior to the initiation of the CFTC's lawsuit, eg the nice $8,000 Plasma television which is in the living room of Tony Betts and Jeanne Varra's Denver estate.

I guess the important question here is not what happened to the property but rather: how much Crystal Meth and sex was Rusty able to buy with it?

Posted: Friday, August 12, 2011

Posted: 2/26/2004 7:22:38 PM

By: jc

Just out of curiousity, do you know what is the "missing property" from the house? High end AV equipment? Jewelry? Passbooks for numbered accounts in obscure (to use Rene's favorite word) jurisdictions?


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