Securities and Exchange Commission v. BIC Real Estate Development Corporation et al

Filing 430

INTERIM ORDER ON SEC'S MOTION FOR TURNOVER OF DEFENDANT DANIEL NASE'S FROZEN CAPITAL ONE FUNDS (ECF No. 429) signed by Chief Judge Lawrence J. O'Neill on July 23, 2019. (Munoz, I)

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UNITED STATES DISTRICT COURT
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FOR THE EASTERN DISTRICT OF CALIFORNIA
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SECURITIES AND EXCHANGE
COMMISSION,

v.

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BIC REAL ESTATE DEVELOPMENT
CORPORATION and DANIEL R. NASE,
individually and d/b/a BAKERSFIELD
INVESTMENT CLUB,

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INTERIM ORDER ON SEC’S MOTION
FOR TURNOVER OF DEFENDANT
DANIEL NASE’S FROZEN CAPITAL
ONE FUNDS (ECF No. 429)

Plaintiff,

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1:16-cv-00344-LJO-JLT

Defendants,
BIC SOLO 401K TRUST and MARGARITA
NASE,
Relief Defendants.

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The Court is in receipt of the SEC’s Motion for Turnover of Daniel Nase’s Frozen Capital One
Funds. ECF No. 429. Daniel Nase’s Capital One funds are ORDERED to remain frozen and the
parties SHALL follow the standard briefing schedule in responding to the SEC’s Motion. In addition to
the expected opposition by Mr. Nase, the Receiver SHALL file either an opposition or statement of no
opposition to the SEC’s motion.

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IT IS SO ORDERED.

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Dated:
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/s/ Lawrence J. O’Neill _____

July 23, 2019

UNITED STATES CHIEF DISTRICT JUDGE

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