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Sacramento Securities and Exchange Commission v. Vassallo

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA


March 9, 2010

SACRAMENTO 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 BANK OF AMERICA TO PRODUCE DOCUMENTS RE QUEST ACCOUNT AND UBS TO PRODUCE DOCUMENTS RE CHANGING THE PLANET ACCOUNT TO ASSIST RECEIVER TO TRACE FUNDS

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 Stephen E. Anderson as 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:

Receiver's investigation has revealed that Defendant Equity Investment and Trading, Inc. ("EIMT") wired $100,000 from its Wells Fargo Bank account to Bank of America Account No. XXXXX-XX083 in the name of Quest Investigative Resources Services LLC (the "Quest Account") on or about April 1, 2008. EIMT also wired $100,000 from its Wells Fargo Bank account to UBS Account No. XX-XXX99-1 in the name of Changing the Planet, LLC (the "Changing the Planet Account") on or about December 1, 2008.

To facilitate Receiver's efforts to trace the funds transferred by EIMT to the Quest Account on or about April 1, 2008, Bank of America is hereby directed to provide to Receiver information and documentation concerning the Quest Account (the full account numbers of which will be provided by Receiver to Bank of America), including, but not limited to statements and other documentation reflecting receipts by and disbursements from such accounts, account numbers and account holder identification, including signature cards.

To facilitate Receiver's efforts to trace the funds transferred by EIMT to the the Changing the Planet Account on or about December 1, 2008, UBS is hereby directed to provide to Receiver information and documentation concerning the Changing the Planet Account (the full account number of which will be provided by Receiver to UBS), including, but not limited to statements and other documentation reflecting receipts by and disbursements from such accounts, account numbers and account holder identification, including signature cards.

Bank of America and UBS are each hereby further directed to cooperate fully with Receiver in transmitting these documents and in Receiver's activities, investigation and inquiries on behalf of this Court.

IT IS SO ORDERED.

20100309

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