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.

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to
Please provide detailed information.
All comments must adhere to the discussion rules.

powered by Disqus
WSAW-TV 1114 Grand Ave. Wausau, WI 54403
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 41938947 -
Gray Television, Inc.