Maverix LLC, the Parker, Colo., broadband company whose state and federal grants were canceled last month and referred to state and federal investigators, told a federal bankruptcy court that it has had no bank account since June 2024 and has no financial statements after its 2022 tax return. On Oct. 15, the U.S. Trustee, the Justice Department official who polices bankruptcy cases, said Maverix still has not adequately disclosed whether it had transactions with the companies that own it and with its CEO, David Lindauer. “Were there indirect payments? If so, what was the magnitude and what was the purpose?” the Trustee’s office wrote.
The disclosures appear in a sworn declaration Lindauer filed Oct. 1 and in a revised list of the company’s assets the bankruptcy court ordered Maverix to file by Oct. 15. Maverix LLC is the company that holds Maverix’s state grant agreements, as WirelessEstimator previously reported. In September, the Colorado Broadband Office terminated Maverix’s grants, including $103 million in provisional federal awards that had not been paid out. It referred the matter to the Colorado Bureau of Investigation and the U.S. Treasury Department’s Office of Inspector General.
No charges have been filed, and no one has been accused of a crime. But the filings raise questions that investigators, the bankruptcy court, and the state are likely to ask. Below is what the filings show, and what the consequences could be if any of it were found to involve wrongdoing…