Securities and Exchange Commission v. Femenia et al
ORDER Continuing and Partially Asset Freeze for Dft. Kenneth M. Raby re 73 MOTION for Release of Funds. Signed by Senior Judge Graham Mullen on 2/26/13. (bsw)
UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF NORTH CAROLINA
SECURITY AND EXCHANGE
JOHN FEMEMNIA, SHAWN C. HEDEHEUS,
DANIELLE C. LAURENTI, CORAM REAL
ESTATE HOLDING, INC. GOLDSTAR P.S. INC, )
ROGER A. WILLIAMS, KENNETH M. RABY,
FRANK M. BURGESS, JAMES A. HAYES,
MATTHEW J. MUSANTE, ANTHONY C.
MUSANTE and AARON M. WENS.
KRISTINE LACK and CHRISTINE E. MUSANTE )
Relief Defendants. )
Civil Action No.
ORDER CONTINUING AND PARTIALLY ASSET FREEZE FOR
DEFENDANT KENNETH M. RABY
The Security and Exchange Commission (“Commission”) having filed a
Complaint and Emergency Ex Parte Application for a Temporary Restraining Order Relief on
December 5, 2012 (“December 5 Order “) against, among others, Defendant Kenneth M. Raby
(“Raby”) ( The Commission and Raby referred to herein as the “Parties”); Raby having
previously, among other things, consented to the entry of a preliminary injunction against him,
which the Court Entered on December 13, 2012(“December 13 Order “), the Defendant, Kenneth
M. Raby, having filed a motion for an additional Partial Lifting of the Asset freeze, which has
been consented to by the Commission, and the parties having shown good cause why this order
IT IS HEREBY ORDERED that the asset freeze with respect to the assets of Kenneth M.
Raby is hereby continued until further order of the court, EXCEPT THAT:
The asset freeze with respect to Kenneth M. Raby’s BB&T Bank account,
account number xxxx-xxxx-8891 shall be partially lifted as follows:
Fifteen Thousand Dollars ($15,000.00) from this account shall be permitted to be
used for the purpose of living expenses for the month of March 2013
All other terms and provisions of the Court’s prior December 5 Order and December 13
Order with respect to Williams shall remain in full effect pending further Order of the Court.
Signed: February 26, 2013