Timberline Resort on auction block
PHILADELPHIA — The auction process for Timberline Four Seasons Resort was still underway at the close of business Tuesday afternoon, officials said.
The Tucker County resort went on the auction block in Philadelphia Tuesday. The auction process took place in the office of Timberline’s attorneys, Ciardi, Ciardi & Astin, after an order was filed in U.S. Bankruptcy Court for the Eastern District of Pennsylvania.
At 5 p.m. Tuesday the process was “still going on,” a representative of Ciardi, Ciardi & Astin told The Inter-Mountain.
“We won’t have an official update until the sale hearing” at 9:30 a.m. today, the firm’s Daniel Siedman said Tuesday afternoon.
U.S. Bankruptcy Judge Jean K. FitzSimon will confirm the results of the auction today.
Frederick Herz, Tracy Edmonds Herz and Dr. Frederick Reichle filed for chapter 11 bankruptcy for Timberline Four Seasons Resort Management Company, Long Run Realty, and Herz, Herz & Reichle, on April 30 in federal court in Pennsylvania.
Timberline Four Seasons Utilities, also owned by Fred and Tracy Herz, was placed into receivership following an order in March in circuit court in Tucker County.
Judge Lynn Nelson’s order appointed Canaan Valley Public Service District as the receiver, with the control and responsibility of Timberline Four Seasons Utilities water and sewer utility operations to remain with Canaan Valley Public Service District until further order of the court.
The state Public Service Commission presented evidence against Timberline Four Seasons Utilities in an all-day hearing Dec. 13 at Canaan Valley Resort and Conference Center.
Just a day before the December hearing, Frederick Herz was arrested after allegedly failing to pay taxes and was charged with 12 misdemeanor counts of failure to pay hotel/motel taxes.
Reichle, 83, is facing federal charges for allegedly illegally prescribing opiods to patients who didn’t need the drugs in exchange for cash.
The Warrington, Pennsylvania, resident was one of 14 people named in indictments in February by the U.S. Attorney’s Office. The charges listed in the indictments include conspiracy to dispense and distribute controlled substances outside the course of professional practice and without a legitimate medical purpose; distribution of oxycodone; health care fraud; and maintaining a drug-involved premises.
Reichle is accused of acting as a go-between for Dr. Murray Soss, 78, whose medical license was suspended in 2017, to get prescription drugs so Soss could exchange them for sex. Soss allegedly had Reichle fill out oxycodone prescriptions, and then Soss would exchange the pills for sexual favors from one of his patients, officials say.
Reichle is also accused of being paid off to prescribe drugs for Soss’s other patients.
In addition to the three Chapter 11 filings, Reichle himself filed for Chapter 13, defined as a form of bankruptcy where the individual proposes a repayment plan to invested creditors to be fulfilled in a three-to-five year timeframe, according to a federal court press release.