Wednesday, Dec. 29, 2010 | 8:57 a.m.
Millenium Holding Group Inc. of Henderson, at one time a publicly-traded company pursuing investments in real estate and financial services, filed for Chapter 7 bankruptcy liquidation Tuesday.
Headed by Richard L. Ham and his wife Carla Aufdenkamp Ham, Millenium listed no assets against $7.4 million in liabilities including lawsuit judgments and settlements and funds owed to lenders and investors.
The liabilities include back wages and deferred compensation from 1999 to 2010 owed to Ham and Aufdenkamp Ham totaling more than $3 million.
Records show the company did business as FYNRE, a real estate development venture; and as Fynancial Mortgage Corp. (FYNMOR), a mortgage banking venture.
A 2006 filing with the Securities and Exchange Commission said that through 2005 the company had recognized little revenue to date while accumulating $10.1 million in losses as it tried to develop an Internet bank and an Internet insurance company and as it focused on mortgage banking and real estate.
Millenium, which had stock trading on the penny stock market, stopped filing reports with the Securities and Exchange Commission after May 2007.
In 2005, the Hams told the Las Vegas Sun they were also in the nightclub business in Las Vegas with a bar called Zingers.
The Hams were in the news again this past summer when a federal appeals court sided with them in a dispute over a failed merger.
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