NEW INFO: SIST Lists More Than 200 Creditors in Bankruptcy Filing

By: Mikel Lauber Email
By: Mikel Lauber Email

The Samanta Roy Institute of Science and Technology, or SIST, says they owe money to more than 200 individuals and businesses according to Federal Court documents filed this week.

The group, formerly based in Shawano, reincorporated in Delaware before filing for Chapter 11 bankruptcy protection there this month.

In their list of creditors, they name a number of members of SIST.
Among them are the group's leader, Avraham Cohen, who they say is owed more than $450,000, his deceased daughter, Deborah Cohen who they say is owed more than $600,000, and SIST’s C.E.O. Naomi Isaacson, who they say is owed more than $100,000.

The City of Shawano, Shawano municipal utilities, and Shawano’s Mayor, Lorna Marquardt are also listed.

In an affidavit, Isaacson says SIST and 6 subsidiaries filed for bankruptcy protection because of the bad economy and organized bad press.

The full list of creditors and the list of the 30 largest unsecured creditors can be found linked to above.


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