BELLEVILLE, Ill. -- James R. Gibson, former owner of a now-defunct supermarket chain, National Food Stores, St. Louis, has been accused in a civil suit filed in Circuit Court in Madison County, Illinois, of diverting as much as $100 million from clients of the investment company he owned to acquire and prop up National. National filed in April for Chapter 7 bankruptcy liquidation. According to papers filed in U.S. Bankruptcy Court, St. Louis, at the time, National was losing approximately ...
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