Searching over 5,500,000 cases.


searching
Buy This Entire Record For $7.95

Official citation and/or docket number and footnotes (if any) for this case available with purchase.

Learn more about what you receive with purchase of this case.

Securities and Exchange Commission v. Vassallo

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA SACRAMENTO


October 13, 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 BANKS AND/OR FINANCIAL INSTITUTIONS TO PRODUCE DOCUMENTS CONCERNING EIMT FUNDS TRANSFERRED TO JEFF DENNIS FERENTZ AND/OR JEFF DENNIS FERENTZ, INC.

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") and on July 31, 2009, the Court filed an Order permanently appointing Receiver. 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:

On November 7, 2007, Defendant Anthony Vassallo, withdrew $1,000,000 from Wells Fargo Bank Account Number 734-4036681, in the name of EIMT, and transferred that money to Jeff Dennis Ferentz and/or Jeff Dennis Ferentz, Inc. On November 8, 2007, one of EIMT's subfunds, the Vassallo Group, wired $1,000,000 from Wells Fargo Bank Account No. 708- 9171867 to an account held in the name of Jeff Dennis Ferentz, Inc./Jeff Ferentz Client Trust, SFR #FW72062311220186, TRN #071108080337. These EIMT funds were transmitted to Jeff Ferentz/Jeff Dennis Ferentz, Inc. in connection with a "bank sanctioned high yield project funding program." Jeff Dennis Ferentz was a California attorney, who died in or around June 2008.

To facilitate Receiver's investigation, any and all banks and/or financial institutions, including, but not limited to Wells Fargo Bank, are directed to provide information and documentation to Receiver to facilitate Receiver tracing where the $1,000,000 withdrawn from EIMT's account on November 7, 2009 went, including after its deposit into the "Jeff Dennis Ferentz, Inc., Client Trust Account for Designated Beneficiaries" at Wells Fargo Bank, including but not limited to all bank statements and other documentation reflecting receipts by, disbursements from and transfers to/from such account(s), account number(s) and account holder identification. Additionally, any and all banks and/or financial institutions including, but not limited to Wells Fargo Bank, are directed to provide information and documentation to Receiver to facilitate Receiver tracing where the $1,000,000 transferred from an EIMT subfund, the Vassallo Group, to Jeff Dennis Ferentz, Inc./Jeff Ferentz Client Trust on November 8, 2007, including, but not limited to bank statements and other documentation reflecting receipts by, disbursements from and transfers to/from such account(s), account number(s) and account holder identification.

Any and all banks and/or financial institutions, including, but not limited to Wells Fargo Bank are further directed to cooperate fully with Receiver in Receiver's activities, investigation and inquiries on behalf of this Court.

IT IS SO ORDERED.

20091013

© 1992-2009 VersusLaw Inc.



Buy This Entire Record For $7.95

Official citation and/or docket number and footnotes (if any) for this case available with purchase.

Learn more about what you receive with purchase of this case.