Sterquell Death Ruled Suicide; Creditors File To Get Money Back - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Sterquell Death Ruled Suicide; Creditors File To Get Money Back

Randall County Justice of the Peace Clay Houdashell says Steve Sterquell's April 1 death was a suicide. He says Sterquell doused the inside of his car with an accelerant, sped up to 85 mph, veered off the road, and slammed into a pillar on I-27 between Canyon and Amarillo.

At the time of his death, we first reported yesterday several businesses and individuals say they were owed millions of dollars. They say shortly before his death, Sterquell transferred millions of dollars in life insurance owned by his non-profit, American Housing Foundation, to different trusts benefiting his family.

Joe Lovell, one of the attorneys representing those creditors, says if that money had stayed with AHF, his clients would have been able to get back at least some of their money. They have since filed a petition to push AHF into bankruptcy. On Monday a judge granted a temporary restraining order within the bankruptcy lawsuit that puts everything on hold until a judge hears evidence. The judge will then decide who gets to collect the life insurance, creditors or Sterquell's family.

Powered by Frankly