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

Filing 432

ORDER Unfreezing Margarita Nase's Capital One Funds signed by Chief Judge Lawrence J. O'Neill on 07/30/2019. (Flores, E)

1
2
3
4
5
UNITED STATES DISTRICT COURT
6
FOR THE EASTERN DISTRICT OF CALIFORNIA
7
8

SECURITIES AND EXCHANGE
COMMISSION,

9

1:16-cv-00344-LJO-JLT
ORDER UNFREEZING MARGARITA
NASE’S CAPITAL ONE FUNDS (ECF
No. 327)

Plaintiff,

10
v.

11

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

12
13
14

Defendants,

15

BIC SOLO 401K TRUST and MARGARITA
NASE,

16

Relief Defendants.

17
18
19
20
21
22

On July 10, 2019, this Court ordered that the frozen Capital One funds in the amount of $50,000
belonging to Margarita Nase held in the Vick Law Group client trust account shall be unfrozen in
fourteen days from electronic service of that order, unless a party files an objection. ECF No. 428. That
deadline has passed and no party has filed any objection to the unfreezing of Ms. Nase’s funds.1

23
24
25

1

In a separate order, the Court ordered the frozen Capital One funds belonging to Defendant Daniel Nase to remain frozen,
due to the SEC’s objection. ECF Nos. 429-30.

1

1

Therefore, the Capital One funds belonging to Ms. Nase, and any interested accrued thereupon, are

2

ORDERED to be unfrozen and returned to Ms. Nase.

3
4
5

IT IS SO ORDERED.
Dated:

/s/ Lawrence J. O’Neill _____

July 30, 2019

UNITED STATES CHIEF DISTRICT JUDGE
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
2