The trustee leading the Chapter 7 bankruptcy filing for defunct web-hosting provider Alpha Red has filed suit against the company's former chief operating officer, alleging he assisted in and benefited from a fraudulent money-transfer scheme.
There will be funds available for disbursement in the Chapter 7 liquidation of equipment and other assets owned by defunct web-hosting provider Alpha Red.
The executive vice president of CWIE Holding Co. Inc, owner of payment processor CCBill, confirmed to XBIZ Friday that a deal to acquire the assets of Houston-based Web hosting provider Alpha Red Inc. didn't materialize.
CWIE Holding Company Inc., owner of CCBill, has announced that it has finalized a purchase agreement for all hosting assets of web hosting provider Alpha Red, Inc.
