IN RE ROOD

Bankruptcy Nos. 08-17199PM, 08-26854PM, 08-26859PM, 08-26862PM, 08-26865PM, 08-26866PM, 08-27099PM. Adversary No. 09-0188PM.

459 B.R. 581 (2011)

In re Robert F. ROOD, IV, The Source, LLC, Blue Horseshoe Portfolio Services, LLC, Level One Capital Partners, LLC, Blue Horseshoe Capital, LLC, Mattehorn Financial, LLC, Level One Capital Partners, a MD LLC, Debtors. Gary A. Rosen, Chapter 7 Trustee and Southern Management Corporation Retirement Trust, Plaintiffs. v. Kore Holdings, Inc; Arcadian, Inc.; First Washington Financial Corporation; Level One Mortgage Capital; Mortgage American Bankers; Source Bio-Plastics, Inc. Sunvolt; Whiplash Motor Sports, LLC; Robert Fulton Rood, IV; Charles Timothy Jewell; Nik Hepler; Grace Ann Rood; Robert F. Rood, III; Warren A. Hughes, Jr.; and First Washington Equities, LLC, Defendants.

United States Bankruptcy Court, D. Maryland, at Greenbelt.

September 26, 2011.


Attorney(s) appearing for the Case

Nelson C. Cohen , Zuckerman Spaeder LLP, Washington, DC, Paul Sweeney , James R. Schraf , Logan, Yumkas, Vidmar & Sweeney, LLC, Annapolis, MD, for Plaintiffs.

Robert F. Rood , Potomac, MD, pro se.

Kore Holdings , Potomac, MD, pro se.

Arcadian, Inc., Potomac, MD, pro se.

First Washington Financial Corporation, Potomac, MD, pro se.

Level One Mortgage Capital, LLC, Potomac, MD, pro se.

Kaptain Koontz , Silver Spring, MD, pro se.

Source Bio-Plastics, Inc., Potomac, MD, pro se.

Sunvolt, Potomac, MD, pro se.

Whiplash Motor Sports, LLC, Potomac, MD, pro se.

Robert Fulton Rood , IV, Potomac, MD, pro se.

Charles Timothy Jewell , Annapolis, MD, pro se.

Nik Hepler , Laytonsville, MD, pro se.

Jeffrey M. Orenstein , Goren, Wolff & Orenstein, LLC, Rockville, MD, for Defendants Grace Ann Rood and Robert F. Rood, III.

Warren Hughes , Upper Marlboro, MD, pro se.

First Washington Equities, LLC, Potomac, MD, pro se.

Mortgage American Bankers c/o Kaptain Koontz, pro se.


MEMORANDUM OF DECISION

PAUL MANNES, Bankruptcy Judge.

This matter came before the court for the trial of a Complaint filed by Gary A. Rosen, as Chapter 7 Trustee of the above-captioned estates (the "Trustee"), and Southern Management Corporation Retirement Trust ("SMCRT") (collectively, the "Plaintiffs"). SMCRT is a trust that was created to manage the pension funds of employees and officers of Southern Management Corporation. SMCRT holds a nondischargeable...

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