West Tracie Street
Suite 

Charlotte, NC 28.202

main 20494636568

fax 705394413585

MUGN Will?i?li 5 HUUSTB 

Andrew T. Houston
almustoo:??hnwhellornevsxom

(704) 944-6563
May 7, 2018

VIA 1? CLASS v.3. MAIL EMAIL

Joseph W. Grier, 

Grier Furr Crisp, PA.

101 North Tryon St, Ste. 1240
Charlotte, NC 28246

Matthew P. McGuire

Alston Bird, LLP

555 Fayetteville St, Ste. 600
Raleigh, NC 27601

F. Lane Williamson

Tin Fulton Walker Owen
301 East Park Avenue
Charlotte, NC 28203

Re: In re: TSI Holdings, LLC
Case No. 1 7?30132

Dear Counsel:

This ?rm represents Stone Street Partners: LLC (?Stone Street?) in the above-referenced
bankruptcy cases.

As you know, many of the Stone Street investors have been injured multiple times by the
fraudulent schemes perpetrated by Rick Siskey. Stone Street is also mindful of the substantial
harm that the Ponzi scheme investors have suffered at the hands of Rick Siskey.

As a result, Stone Street hereby demands that Diane Siskey immediately release
$10,000,000.00 of the life insurance proceeds that she has been holding for approximately
seventeen (17) months, so that an interim distribution can be made to the investors in the three
Ponzi scheme cases. This will allow the Trustee to return approximately 30% to the investors in
the bankruptcy cases Without ?trther delay.

MWH: 10173.00l100018907.2

To that end, Stone Street will agree to support an interim distribution motion in the
ease provided that the full $10,000,00000 is paid to the investors and Diane Siskey
places no conditions on the release of the funds. Stone Street will agree not to take an interim
distribution and will not: ask the Court to reserve any portion of the $10,000,000.00 to account
for Stone Street?s claims against the debtors. have also con?rmed with Paul Porter and Dawn.
King that they will support an interim distribution on the terms set forth herein.

Stone Street requests that the Trustee ?le a motion for authority to make the interim
distribution contemplated herein on or before May 14., 2018.

Please let me know if you have any questions.

Sincerely,

1.3L

Andrew T. Houston

ATH/slm

MWH: lOl73.001: 000189072