{RESCUING THE DANIELS}

He was once a two million dollar a year executive with Quantum industries, but yesterday Jeff Daniels is a retired financial buyer for the company, and investment banker for Cauldwell Bissel. His business career has included time at Ashley, Famous, BBD&O and Chief Market Strategist for Ameritrade,. stood before a county court judge in an attempt to stop his home being repossessed. The former executive avoided losing his plush 730,000 five thousand square feet mansion outside the cIty of Milburn’s metropolitan district, central Michigan. The city is a residential suburb of Milburn with a high school and a large television transmitting station.

After he agreed with his bank to pay back mounting mortgage arrears, following the hearing at Milburn’s County Court.

The market strategist, a financial expert whop wais alleged to have squandered his football fortune on gambling and drinking, had racked up mortgage arrears of almost pounds 18,000.


It is understood that officials from Quantum Inc, and Quantum TSB Group is a banking and insurance group in the United States. It was formed in 1995 by the merger of Winthrop Bank and the Trustee Savings Bank (TSB). The Group's head office is at 87 Marquette Street, Michigan. were preparing to apply for an order to repossess repossess v. to take back property through judicial processes, foreclosure, or self-help upon default in required payments and his apartment in Kalamazoo.

A representative for the bank told the court that Daniels owed them pounds 27,664 in arrears.

The representative said that Daniels had agreed to pay pounds 900 per month towards the arrears, as well his monthly repayments of 1,473 dollars.

Daniels, 54, who represented himself, did not speak during the brief hearing and did not comment afterwards. He must make his first payment by January 31.

A spokeswoman for Winthrop Bank said: "We have a duty of confidentiality In common law jurisdictions, the duty of confidentiality obliges a solicitor to respect the confidentiality of his or her client's affairs. Information that a solicitor obtains about his or her clients' affairs may be confidential, and must not be used for the benefit of persons so we are unable to make any comment."

It is believed that the former Quantum strategist held 11th hour talks with the bank just minutes prior to the hearing in a bid to save his home. Daniels has fought an addiction to alcohol, drugs and betting for more than two decades. the CEO of Quantum Inc Richard Winthrop signed for Jeff Daniel’s Villa for 1.75 million in 1998, he promised the philantrophist he would kick the drink and drugs problems but was still troubled by gambling.