Securities and Exchange Commission v. Secure Investement Services, Inc., et al

Filing 925

ORDER signed by Judge Garland E. Burrell, Jr on 4/11/12 GRANTING 920 Motion to Compel Payment of Premium Share as follows: It is ORDERED that Betty Collier shall, within 10 days of the date of on which this Order is filed, pay the Receiver $42 4.54 for her share of the premiums. It is FURTHER ORDERED that Betty Collier shall pay the Receiver her percentage share of all additional premium obligations within 10 days of the issuance of a written invoice. It is FURTHER ORDERED that should Bett y Collier fail to pay $424.54 for her share of the premiums or her percentage share of any additional premium obligations as they become due, Betty Colliers 10.88556% ownership and beneficial interest in the SHU-A&H(2) Policy No. 60025185 w ill automatically be forfeited to the receivership estate and be replaced by an allowed claim for $30,000.00 in her favor. It is FURTHER ORDERED that in the event Betty Colliers ownership and beneficial interest is forfeited to the receivership estate, then Transamerica Occidental is ORDERED to change its records to reflect and effectuate the transfer. (Meuleman, A)

1
2
3
4

UNITED STATES DISTRICT COURT

5

EASTERN DISTRICT OF CALIFORNIA

6
7

SECURITIES AND EXCHANGE
COMMISSION,

Case No. 2:07-cv-01724 GEB CMK

8
Plaintiff,

ORDER COMPELLING PAYMENT
OF PREMIUM SHARE FROM BETTY
COLLIER [SHU-A&H(2)]

9
v.
10
11
12

SECURE INVESTMENT SERVICES, INC.,
AMERICAN FINANCIAL SERVICES, INC.,
LYNDON GROUP, INC., DONALD F.
NEUHAUS, and KIMBERLY A. SNOWDEN,
Defendants.

13
14

The Court has considered the Receiver’s Motion to Compel Payment of Premium Share

15
16

from Betty Collier [SHU-A&H(2)], and grants the Motion. Accordingly,

17
18

It is ORDERED that Betty Collier shall, within 10 days of the date of on which this Order
is filed, pay the Receiver $424.54 for her share of the premiums.

19
20

It is FURTHER ORDERED that Betty Collier shall pay the Receiver her percentage
share of all additional premium obligations within 10 days of the issuance of a written invoice.

21

It is FURTHER ORDERED that should Betty Collier fail to pay $424.54 for her share of

22

the premiums or her percentage share of any additional premium obligations as they become due,

23

Betty Collier’s 10.88556% ownership and beneficial interest in the SHU-A&H(2) Policy No.

24

60025185 will automatically be forfeited to the receivership estate and be replaced by an allowed

25

claim for $30,000.00 in her favor.

26
27
28
-1-

[Proposed] Order Compelling Payment Of Premium Share from Betty Collier [SHU-A&H(2)]
457391.1

1

It is FURTHER ORDERED that in the event Betty Collier’s ownership and beneficial

2

interest is forfeited to the receivership estate, then Transamerica Occidental is ORDERED to

3

change its records to reflect and effectuate the transfer.

4

Date: 4/11/2012

5
_________________________
GARLAND E. BURRELL, JR.
United States District Judge

6
7
8
9

DEAC_Signature-END:

10
61khh4bb

11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28

-2-

[Proposed] Order Compelling Payment Of Premium Share from Betty Collier [SHU-A&H(2)]
457391.1