In the next few months the Town of Brookfield might own and operate the Brookfield Cemetery.
Not that they want to, Town Supervisor Loren Corbin said at last week’s Brookfield Town Board meeting.
But the town would have no choice since the Brookfield Cemetery Association has a lot less money than they did a year ago.
The Brookfield Cemetery Association is one of dozens of non-profit groups and private individuals who lost money investing with Burt Marshall of Hamilton.
According to court proceedings so far, Marshall owes about $90 million given to him as investments.
Marshall promised an 8 percent return on the funds and up until an illness last winter, shifted money around from his various businesses to cover that 8 percent for each installment period.
Marshall ran an insurance business in Hamilton and owned about 100 rental properties, which have all been seized by the courts after he declared bankruptcy.
The Cemetery Association has some funds left, but they might not be enough to keep going, Corbin said. One annual cost is $15,000 a year to have ...
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