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Securities and Exchange Commission v. Vassallo

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA SACRAMENTO


August 10, 2009

SECURITIES AND EXCHANGE COMMISSION, PLAINTIFF
v.
ANTHONY VASSALLO, ET AL, DEFENDANTS.

The opinion of the court was delivered by: Judge Lawrence K. Karlton

ORDER DIRECTING SUBFUND MANAGERS TO PRODUCE DOCUMENTS AND INFORMATION

On April 30, 2009, this Court filed the Order Appointing Temporary Receiver for Equity Investment Management and Trading, Inc. ("EIMT") and Order to Show Cause for Appointment of Permanent Receiver ("OAR"). Pursuant to the OAR, for good cause shown, and in order to empower and authorize the Receiver to carry out his duties and obligations,

THE COURT HEREBY FINDS AND ORDERS AS FOLLOWS:

The Receiver has learned that EIMT transferred investor funds to various subfunds and various subfunds transferred funds to EIMT. To date, Receiver has identified approximately thirty-one current and/or former EIMT subfunds. Receiver is endeavoring to track investor money transferred to/from EIMT via the thirty-one subfunds in order to disgorge any ill-gotten gains and ultimately to make a distribution to EIMT investors. In order to do this, Receiver needs documents and other information from the subfund managers sufficient to provide a complete accounting for each EIMT subfund.

To facilitate Receiver's investigation and to prevent the further transfer of and/or dissipation of EIMT assets, the following EIMT subfunds by and through each subfund's present and/or former managers, shareholders, directors, officers, agents, employees, consultants, attorneys, successors and/or assigns, are hereby directed to provide Receiver with copies of all information and documentation concerning any and all EIMT accounts, including, but not limited to statements and other documentation reflecting receipts by and disbursements from such accounts.

Furthermore, the following EIMT subfunds by and through each subfund's present and/or former managers, shareholders, directors, officers, agents, employees, consultants, attorneys, successors and/or assigns, are hereby directed to provide Receiver with copies of all information and documentation detailing the amount of money each subfund manager received as compensation including, but not limited to management fees, referral fees and/or any other payments received from EIMT.

· Apex Financial Development, LLC

· Black Card I, LLC

· Black Card Group, Inc.

· BT Management & Development Group, LLC

· BT Partners, LLC

· BV Skyline Corporation

· ECBC1, LLC

· EIG I

· EIG II

· Equity Constellation, LLC

· Equity Group Management, Inc.

· Exclusive Financial Partners, LLC

· iFund Investment Group, LLC

· iFund Management Group, LLC

· Income Management Group, LLC

· J Capital Partners, LLC

· J Capital Management, Inc.

· J Capital Fund, LLC

· KVW Investments, LLC

· Lancaster Platinum Growth, LP

· LCJ Capital, LLC

· Legacy Family Fund, LLC

· Matrix Investment Group, LLC

· Strategic Capital Management, LLC

· Vastman Investment Partners, LLC

· Veritas Fund, LLC

· Veritas Fund II, LLC

· West Coast Trading, LLC

· Z Investments, LLC

· Z Investment Group LLC

· Z Management, LLC

All of the above-listed subfunds by and through each subfund's present and/or former managers, shareholders, directors, officers, agents, employees, consultants, attorneys, successors and/or assigns, are hereby further directed to cooperate fully with Receiver in his investigation and inquiries on behalf of this Court.

IT IS SO ORDERED.

20090810

© 1992-2009 VersusLaw Inc.



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