Filed: Apr. 07, 2014
Latest Update: Apr. 07, 2014
Summary: ORDER DIRECTING CLERK OF THE COURT TO: (1) PREPARE AND MAIL CHECKS TO ELIGIBLE CLAIMANTS; AND (2) DISBURSE FUNDS TO PAY FEES AND EXPENSES OF TAX ADMINISTRATOR WILLIAM M. SKRETNY, Chief District Judge. WHEREAS, on May 1, 2013, this Court entered the Order Creating a Fair Fund, Appointing Distribution Agent and Adopting Distribution Plan (Dkt. 234) (the "Plan"), which, among other things, created a Distribution Fund, appointed a Distribution Agent to prepare a list of Eligible Claimants to r
Summary: ORDER DIRECTING CLERK OF THE COURT TO: (1) PREPARE AND MAIL CHECKS TO ELIGIBLE CLAIMANTS; AND (2) DISBURSE FUNDS TO PAY FEES AND EXPENSES OF TAX ADMINISTRATOR WILLIAM M. SKRETNY, Chief District Judge. WHEREAS, on May 1, 2013, this Court entered the Order Creating a Fair Fund, Appointing Distribution Agent and Adopting Distribution Plan (Dkt. 234) (the "Plan"), which, among other things, created a Distribution Fund, appointed a Distribution Agent to prepare a list of Eligible Claimants to re..
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ORDER DIRECTING CLERK OF THE COURT TO: (1) PREPARE AND MAIL CHECKS TO ELIGIBLE CLAIMANTS; AND (2) DISBURSE FUNDS TO PAY FEES AND EXPENSES OF TAX ADMINISTRATOR
WILLIAM M. SKRETNY, Chief District Judge.
WHEREAS, on May 1, 2013, this Court entered the Order Creating a Fair Fund, Appointing Distribution Agent and Adopting Distribution Plan (Dkt. 234) (the "Plan"), which, among other things, created a Distribution Fund, appointed a Distribution Agent to prepare a list of Eligible Claimants to receive a pro rata portion of the Distribution Fund to each Eligible Claimant, and to provide such Claimants with notice;
WHEREAS, on February 15, 2013, this Court entered the Order to Appoint Tax Administrator (Dkt. 227) which, among other things, appointed a Tax Administrator to fulfill the tax obligations of the Distribution Fund; and
WHEREAS, the Registry Account maintained by the Clerk of the Court in this case contains approximately $539,824.47;
NOW, THEREFORE:
IT IS ORDERED THAT the SEC's motion requesting entry of an Order Directing Clerk of the Court To: (1) Prepare And Mail Checks to Eligible Claimants; and (2) Disburse Funds To Pay Fees and Expenses of Tax Administrator (Docket No. 242) is GRANTED.
IT IS FURTHER ORDERED THAT, pursuant to the Plan, the Clerk of the Court is directed to distribute $500,000.03 from the Distribution Fund to the Eligible Claimants listed in the Attachment to the Declaration of David Stoelting dated February 10, 2014, as subsequently modified in the form attached hereto, and in the amounts set forth therein, and to mail these checks to the investors in postage pre-paid enveloped provided by the SEC, together with a statement containing the information set forth in Section III.D of the Plan.
IT IS FURTHER ORDERED THAT all funds distributed to Eligible Claimants will be applied to Defendants' disgorgement obligation.
IT IS FURTHER ORDERED THAT, pursuant to the Order Appointing Tax Administrator and the Declaration of Jude P. Damasco dated December 26, 2013, the Clerk of the Court is directed to prepare a check in the amount of $1,748.76, payable to Damasco & Associates LLP, and mail it to Daphne Snyder, Damasco & Associates LLP, 700 Monte Vista Lane, Half Moon Bay, CA 94019.
IT IS FURTHER ORDERED that the Court shall retain jurisdiction over this matter.
SO ORDERED.
Attachment
Total Amount
Investor's Initials Invested in Pro Rata Amount to be
Watermark Percentage Paid to
Entities Investor
CA
3/6/2007 (3,000.00) -0.04803% (240.17)
6/11/2007 100,937.00 1.61615% 8,080.75
6/22/2007 (2,000.00) -0.03202% (160.12)
7/20/2007 (2,665.00) -0.04267% (213.35)
8/2/2007 (15,000.00) -0.24017% (1,200.86)
1/31/2008 (1,000.00) -0.01601% (80.06)
77,272.00 1.23724% 6,186.19
MA
15,000.00 0.24017% 1,200.86
15,000.00 0.24017% 1,200.86
JA
2/27/2006 (866.00) -0.01387% (69.33)
3/28/2007 15,300.00 0.24498% 1,224.88
14,434.00 0.23111% 1,155.55
S&J A
3/28/2007 20,500.00 0.32824% 1,641.18
20,500.00 0.32824% 1,641.18
MB
7/5/2007 71,500.00 1.14482% 5,724.10
71,500.00 1.14482% 5,724.10
GHB
5/30/2007 50,000.00 0.80057% 4,002.87
11/30/2007 (5,835.00) -0.09343% (467.13)
2/7/2008 30,000.00 0.48034% 2,401.72
2/28/2008 (500.00) -0.00801% (40.03)
73,665.00 1.17948% 5,897.43
MB
10/11/2007 5,541.98 0.08874% 443.68
5,541.98 0.08874% 443.68
C&F B
1/8/2007 60,000.00 0.96069% 4,803.44
60,000.00 0.96069% 4,803.44
PB
1/25/2007 6,500.00 0.10407% 520.37
6,500.00 0.10407% 520.37
DRG
3/12/2007 150,000.00 2.40172% 12,008.60
1/7/2008 200,000.00 3.20229% 16,011.47
4/9/2008 (6,000.00) 0.09607% (480.34)
344,000.00 5.50795% 27,539.73
HD
8/19/2005 7,500.00 0.12009% 600.43
9/9/2005 5,000.00 0.08006% 400.29
12,500.00 0.20014% 1,000.72
FE
12/6/2006 42,823.88 0.68567% 3,428.37
42,823.88 0.68567% 3,428.37
P&BF
6/12/2006 65,749.46 1.05275% 5,263.73
65,749.46 1.05275% 5,263.73
RF
4/13/2006 161,760.64 2.59003% 12,950.13
161,760.64 2.59003% 12,950.13
AF
9/14/2007 2,100.00 0.03362% 168.12
12/17/2007 74,400.40 1.19126% 5,956.30
76,500.40 1.22488% 6,124.42
KF
2/13/2008 500,000.00 8.00573% 40,028.67
500,000.00 8.00573% 40,028.67
AMF
4/9/2008 20,000.00 0.32023% 1,601.15
20,000.00 0.32023% 1,601.15
JG
7/27/2007 32,291.19 0.51703% 2,585.15
32,291.19 0.51703% 2,585.15
JH
1/25/2007 54,000.00 0.86462% 4,323.10
54,000.00 0.86462% 4,323.10
CH
4/30/2007 66,000.00 1.05676% 5,283.79
66,000.00 1.05676% 5,283.79
TJH
5/15/2006 33,439.28 0.53541% 2,677.06
33,439.28 0.53541% 2,677.06
W&NH
2/27/2006 38,000.00 0.60844% 3,042.18
38,000.00 0.60844% 3,042.18
PSH
10/4/2007 38,000.00 0.60844% 3,042.18
38,000.00 0.60844% 3,042.18
KH
10/18/2007 30,000.00 0.48034% 2,401.72
30,000.00 0.48034% 2,401.72
AJ
9/26/2006 20,000.00 0.32023% 1,601.15
12/4/2007 (2,000.00) 0.03202% (160.11)
18,000.00 0.28821% 1,441.04
DK
6/26/2006 90,455.45 1.44832% 7,241.62
7/7/2006 (5,000.00) 0.08006% (400.29)
85,455.45 1.36827% 6,841.33
JAK
12/24/2007 54,000.00 0.86462% 4,323.10
54,000.00 0.86462% 4,323.10
SK
10/3/2006 20,000.00 0.32023% 1,601.14
20,000.00 0.32023% 1,601.14
LK
10/3/2006 15,000.00 0.24017% 1,200.86
10/3/2007 (1,500.00) 0.02402% (120.09)
13,500.00 0.21615% 1,080.77
LKO
2/6/2008 20,000.00 0.32023% 1,601.15
20,000.00 0.32023% 1,601.15
J&SK
8/31/2006 15,000.00 0.24017% 1,200.86
9/20/2007 15,000.00 0.24017% 1,200.86
2/28/2008 (16,875.00) 0.27019% (1,350.97)
3/5/2008 20,000.00 0.32023% 1,601.15
33,125.00 0.53038% 2,651.90
NTL
10/29/2007 23,400.00 0.37467% 1,873.34
23,400.00 0.37467% 1,873.34
RML
9/26/2005 6,500.00 0.10407% 520.37
6,500.00 0.10407% 520.37
ML
4/11/2007 25,600.00 0.40989% 2,049.47
4/9/2008 (2,650.00) 0.04243% (212.15)
22,950.00 0.36746% 1,837.32
RL
4/5/2007 400,000.00 6.40459% 32,022.94
11/15/2007 206,000.00 3.29836% 16,491.81
606,000.00 9.70295% 48,514.75
SL
4/24/2007 20,000.00 0.32023% 1,601.15
20,000.00 0.32023% 1,601.15
JL
6/29/2007 30,000.00 0.48034% 1,401.72
9/27/2007 100,000.00 1.60115% 8,005.73
11/5/2007 94,000.00 1.50508% 7,525.39
224,000.00 3.58657% 17,932.84
IVL
6/29/2007 10,000.00 0.16011% 800.57
1/23/2008 10,000.00 0.16011% 800.57
20,000.00 0.32023% 1,601.14
DJL
12/12/2005 54,290.35 0.86927% 4,346.34
54,290.35 0.86927% 4,346.34
CM
5/18/2007 23,647.95 0.37864% 1,893.19
23,647.95 0.37864% 1,893.19
GM
5/12/2007 50,000.00 0.80057% 4,002.87
2/1/2008 40,000.00 0.64046% 3,202.29
90,000.00 1.44103% 7,205.16
JM
3/17/2006 10,000.00 0.16011% 800.57
10,000.00 0.16011% 800.57
PM
6/26/2006 105,268.55 1.68550% 8,427.52
8/7/2007 (13,000.00) 0.20815% (1,040.75)
92,268.55 1.47736% 7,386.77
SM
2/23/2006 30,000.00 0.48034% 2,401.72
6/6/2007 20,000.00 0.32023% 1,601.15
7/3/2007 (3,500.00) 0.05604% (280.20)
7/31/2007 (20,400.00) 0.32663% (1,633.17)
8/17/2007 (490.00) 0.00785% (39.23)
11/16/2007 22,400.00) 0.35866% (1,793.28)
3/4/2008 (600.00) 0.00961% (48.03)
2,610.00 0.04179% 208.96
S&GM
1/8/2008 14,000.00 0.22416% 1,120.80
14,000.00 0.22416% 1,120.80
AM
11/8/2006 214,415.27 3.43310% 17,165.52
2/22/2007 74,000.00 1.18485% 5,924.24
10/5/2007 (1,030.40) 0.01650% (82.49)
287,384.87 4.60145% 23,007.27
JM
11/23/2005 25,000.00 0.40029% 2,001.43
8/7/2007 (6,500.00) 0.10407% (520.37)
11/9/2007 (9,299.70) 0.14890% (744.51)
9,200.30 0.14731% 736.55
M&JN
11/22/2005 21,400.00 0.34265% 1,713.23
21,400.00 0.34265% 1,713.23
VB
10/26/2007 2,045.00 0.03274% 163.72
12/17/2007 1,991.99 0.03189% 159.47
4,036.99 0.06464% 323.19
JB
11/13/2007 36,158.51 0.57895% 2,894.75
36,158.51 0.57895% 2,894.75
F&S P-F
1/11/2006 15,000.00 0.24017% 1,200.86
1/8/2007 (16,500.00) -0.26419% (1,320.95)
6/6/2007 20,000.00 0.32023% 1,601.15
18,500.00 0.29621% 1,481.06
CB
8/30/2007 54,000.00 0.86462% 4,323.10
54,000.00 0.86462% 4,323.10
JEB
10/26/2007 46,000.00 0.73653% 3,682.64
46,000.00 0.73653% 3,682.64
JB
2/20/2007 20,000.00 0.32023% 1,601.15
6/28/2007 (2,000.00) -0.03202% (160.11)
7/24/2007 20,000.00 0.32023% 1,601.15
1/24/2008 (2,400.00) -0.03843% (192.14)
4/1/2008 25,000.00 0.40029% 2,001.43
60,600.00 0.97030% 4,851.48
IB
8/29/2007 1,000.00 0.01601% 80.06
1,000.00 0.01601% 80.06
LB
8/29/2007 1,000.00 0.01601% 80.06
1,000.00 0.01601% 80.06
MB
8/29/2007 1,000.00 0.01601% 80.06
1,000.00 0.01601% 80.06
RB
8/29/2007 1,000.00 0.01601% 80.06
1,000.00 0.01601% 80.06
WB
5/7/2007 5,000.00 0.08006% 400.29
5,000.00 0.08006% 400.29
DB
6/20/2007 20,000.00 0.32023% 1,601.15
20,000.00 0.32023% 1,601.15
TC
11/13/2007 17,135.35 0.27436% 1,371.81
1/11/2008 (3,000.00) -0.04803% (240.17)
4/10/2008 (3,409.00) -0.05458% (272.92)
10,726.35 0.17174% 858.72
KC
12/11/2007 33,888.48 0.54260% 2,713.02
33,888.48 0.54260% 2,713.02
S/AC
9/25/2007 30,000.00 0.48034% 2,401.72
9/27/2007 (2,300.00) -0.03683% (184.13)
11/14/2007 (2,300.00) -0.03683% (184.13)
11/30/2007 (2,300.00) -0.03683% (184.13)
1/31/2008 67,105.52 1.07446% 5,372.29
4/4/2008 (2,300.00) -0.03683% (184.13)
87,905.52 1.40750% 7,037.49
DC
1/22/2008 5,000.00 0.08006% 400.29
5,000.00 0.08006% 400.29
D&G C
11/17/2005 35,000.00 0.56040% 2,802.01
10/6/2006 (38,500.00) -0.61644% (3,082.21)
10/15/2007 10,000.00 0.16011% 800.57
10/16/2007 38,000.00 0.60844% 3,042.18
4/9/2008 22,000.00 0.35225% 1,761.26
66,500.00 1.06476% 5,323.81
DD
3/10/2008 69,000.00 1.10479% 5,523.96
69,000.00 1.10479% 5,523.96
LD
10/10/2006 20,000.00 0.32023% 1,601.15
10/12/2006 32,000.00 0.51237% 2,561.84
52,000.00 0.83260% 4,162.99
JLN
8/8/2007 115,000.00 1.84132% 9,206.60
115,000.00 1.84132% 9,206.60
LMN
9/4/2007 9,400.00 0.15051% 752.54
9,400.00 0.15051% 752.54
WN
5/27/2005 60,000.00 0.96069% 4,803.44
6/23/2005 25,000.00 0.40029% 2,001.43
5/30/2006 54,830.19 0.87791% 4,389.56
7/6/2006 276,301.94 4.42400% 22,120.00
416,132.13 6.66289% 33,314.43
MSP C/F KA
1/2/2008 12,580.20 0.20143% 1,007.14
12,580.20 0.20143% 1,007.14
MSP C/F MA
1/2/2008 1,491.28 0.02388% 119.39
1,491.28 0.02388% 119.39
E&RP
11/24/2006 15,000.00 0.24017% 1,200.86
2/2/2007 6,000.00 0.09607% 480.34
21,000.00 0.33624% 1,681.20
NR
10/15/2007 - 0.00000% -
10/30/2007 30,000.00 0.48034% 2,401.72
11/1/2007 25,000.00 0.40029% 2,001.43
11/14/2007 45,000.00 0.72052% 3,602.58
12/30/2007 10,000.00 0.16011% 800.57
1/11/2008 40,000.00 0.64046% 3,202.29
150,000.00 2.40172% 12,008.59
CR
4/12/2007 6,800.00 0.10888% 544.39
6,800.00 0.10888% 544.39
DR
5/30/2007 6,032.45 0.09659% 482.94
6,032.45 0.09659% 482.94
HR
12/12/2007 200,000.00 3.20229% 16,011.47
1/11/2008 123,967.90 1.98491% 9,924.54
323,967.90 5.18720% 25,936.01
MAR
7/30/2007 3,573.39 0.05722% 286.08
3,573.39 0.05722% 286.08
RR
2/20/2006 60,000.00 0.96069% 4,803.44
2/7/2007 4,000.00 0.06405% 320.23
3/17/2007 - 0.00000% -
3/3/2008 13,000.00 0.20815% 1,040.75
3/14/2008 50,000.00 0.80057% 4,002.87
3/17/2008 - 0.00000% -
127,000.00 2.03346% 10,167.29
JS
3/27/2008 100,000.00 1.60115% 8,005.73
100,000.00 1.60115% 8,005.73
CS
4/10/2007 35,000.00 0.56040% 2,802.01
6/11/2007 15,000.00 0.24017% 1,200.86
7/1/2007 30,000.00 0.48034% 2,401.72
3/14/2008 (31,500.00) -0.50436% (2,521.81)
48,500.00 0.77656% 3,882.78
C/DS
6/22/2007 (40,000.00) -0.64046% (3,202.29)
6/29/2007 80,000.00 1.28092% 6,404.58
40,000.00 0.64046% 3,202.29
KS
12/11/2006 11,205.78 0.17942% 897.11
11,205.78 0.17942% 897.11
TS
12/11/2006 16,085.73 0.25756% 1,287.78
6,085.73 0.25756% 1,287.78
DS
1/10/2007 100,000.00 1.60115% 8,005.73
1/12/2007 (10,000.00) -0.16011% (800.57)
2/6/2008 (10,500.00) -0.16812% (840.60)
79,500.00 1.27291% 6,364.56
MS
4/30/2008 76,000.00 1.21687% 6,084.36
76,000.00 1.21687% 6,084.36
ST. SC
1/31/2007 10,000.00 0.16011% 800.57
10,000.00 0.16011% 800.57
DS
1/10/2006 50,000.00 0.80057% 4,002.87
1/16/2007 (5,000.00) -0.08006% (400.29)
6/6/2007 50,000.00 0.80057% 4,002.87
2/11/2008 (10,500.00) -0.16812% (840.60)
84,500.00 1.35297% 6,764.85
NFS
3/28/2006 50,000.00 0.80057% 4,002.87
3/22/2007 (5,000.00) -0.08006% (400.29)
5/31/2007 50,000.00 0.80057% 4,002.86
3/26/2008 (10,000.00) -0.16011% (800.57)
85,000.00 1.36097% 6,804.87
J&LS
6/27/2006 6,286.92 0.10066% 503.31
10/12/2006 38,940.87 0.62350% 3,117.50
2/9/2007 42,000.00 0.67248% 3,362.41
87,227.79 1.39665% 6,983.22
JWS
1/31/2008 8,000.00 0.12809% 640.46
4/25/2008 20,000.00 0.32023% 1,601.15
28,000.00 0.44832% 2,241.61
JaT
2/7/2008 37,000.00 0.59242% 2,962.12
37,000.00 0.59242% 2,962.12
JoT
10/15/2007 21,000.00 0.33624% 1,681.20
21,000.00 0.33624% 1,681.20
GAT
4/12/2007 32,000.00 0.51237% 2,561.84
32,000.00 0.51237% 2,561.84
R&BV
2/7/2008 20,000.00 0.32023% 1,601.15
20,000.00 0.32023% 1,601.15
RIM
10/3/2006 20,000.00 0.32023% 1,601.15
10/18/2007 (22,000.00) -0.35225% (1,761.26)
10/24/2007 15,000.00 0.24017% 1,200.86
13,000.00 0.20815% 1,040.75
JW
7/5/2007 19,000.00 0.30422% 1,521.09
19,000.00 0.30422% 1,521.09
V&KZ
7/9/2007 40,000.00 0.64046% 3,202.29
40,000.00 0.64046% 3,202.29
6,245,522.80 100% 500,000.03
