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SECURITIES AND EXCHANGE COMMISSION v. WORLD CAPITAL MARKET, INC., 2:14-cv-02334-JFW-MRW. (2016)

Court: District Court, C.D. California Number: infdco20161207781 Visitors: 19
Filed: Dec. 06, 2016
Latest Update: Dec. 06, 2016
Summary: FINAL JUDGMENT AS TO RELIEF DEFENDANT PMX JEWELS, LTD. JOHN F. WALTER , District Judge . This case having come before the Court on Plaintiff's Motion for Order of Disgorgement from Relief Defendant PMX Jewels, Ltd. (Dkt. No. 267); and the Court having issued its Order Granting Plaintiff Securities and Exchange Commission's Motion for Order of Disgorgement from Relief Defendant PMX Jewels, Ltd. (Dkt. No. 285) which ordered Relief Defendant PMX Jewels, Ltd. to disgorge $1,300,000, and further
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FINAL JUDGMENT AS TO RELIEF DEFENDANT PMX JEWELS, LTD.

This case having come before the Court on Plaintiff's Motion for Order of Disgorgement from Relief Defendant PMX Jewels, Ltd. (Dkt. No. 267); and the Court having issued its Order Granting Plaintiff Securities and Exchange Commission's Motion for Order of Disgorgement from Relief Defendant PMX Jewels, Ltd. (Dkt. No. 285) which ordered Relief Defendant PMX Jewels, Ltd. to disgorge $1,300,000, and further ordered that such payment was to be made by February 17, 2015; and that Order having fully adjudicated the issues and claims involving Relief Defendant PMX Jewels, Ltd., now therefore:

I.

IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Relief Defendant PMX Jewels, Ltd. is liable for disgorgement of $1,300,000 representing ill-gotten gains it received from the Defendants' fraudulent conduct and to which it has no legitimate claim. Relief Defendant PMX Jewels, Ltd. shall satisfy this obligation by paying $1,300,000 to the Permanent Receiver, Krista J. Freitag, pursuant to the terms of this Court's Order Granting Plaintiff Securities and Exchange Commission's Motion for Order of Disgorgement from Relief Defendant PMX Jewels, Ltd. (Dkt. No. 285). The Plaintiff may enforce the Court's judgment for disgorgement by moving for civil contempt (and/or through other collection procedures authorized by law) at any time after 14 days following entry of this Final Judgment. Defendant shall pay post-judgment interest on any delinquent amounts pursuant to 28 U.S.C. § 1961.

II.

There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, the Clerk is ordered to enter this Final Judgment forthwith and without further notice.

Source:  Leagle

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