American Finance Trust (AFT), In re

990 F.2d 1255 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. In re AMERICAN FINANCE TRUST, (AFT), Debtor. Herman MEYER; Trude Meyer; Herman R. Schoene; Adele Schoene; James Edward Spencer; Peggy Spencer; Eberhard P. Worez; Beckie W.Y. Wong; Harold Wong, Appellants, v. AMERICAN FINANCE TRUST, (AFT), Appellee. No. 91-15530. United States Court of Appeals, Ninth Circuit. Argued and Submitted June 10, 1992. Decided April 5, 1993. Before ALARCON, HALL and KLEINFELD, Circuit Judges. 1 MEMORANDUM * 2 This controversy concerns several automobiles and proceeds from their sale. The Appellants (the "Meyer Group") are a group of investors who were victims of a fraudulent tax shelter scheme. Part of their money was used to buy a number of Mercedes automobiles. They sued, and received a default judgment in Arizona state court. Part of the default judgement was directed towards Cartan and AMNA. These two firms possessed the remaining cars and the proceeds from their sales. The default…