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

Filing 941

ORDER signed by Judge Garland E. Burrell, Jr. on 5/15/2013 GRANTING receiver Michael J. Quilling's 937 Motion for Authorization to surrender SIL-I Policy. Receiver is authorized, in his discretion, at such time as receivership estate is requir ed to expend additional funds to pay premiums, to surrender receivership estate's interest in the life insurance policy # 957100763E2 in face amount of $1 million issued by Metropolitan Life Insurance Company (aka "MetLife"), referred to in Receiver's Motion as the SIL-I Policy, in exchange for payment of the net cash value. (Marciel, M)

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UNITED STATES DISTRICT COURT

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EASTERN DISTRICT OF CALIFORNIA

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SACRAMENTO DIVISION

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SECURITIES AND EXCHANGE COMMISSION,

Case No. 2:07-cv-001724-GEB-CMK

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Plaintiff,

ORDER AUTHORIZING
SURRENDER OF THE SIL-I
POLICY

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v.

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

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Defendants.

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Receiver Michael J. Quilling (“Receiver”) moves for Authorization to Surrender

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the SIL-I Policy. The Court, having considered the motion, including the attached exhibit, finds

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good cause exists to do so. Therefore, Receiver’s motion (ECF No. 937) is GRANTED.

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Receiver is authorized, in his discretion, at such time as the receivership estate is required to
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expend additional funds to pay premiums, to surrender the receivership estate’s interest in the

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life insurance policy number 957100763E2 in the face amount of $1 million issued by

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Metropolitan Life Insurance Company (aka “MetLife”), referred to in Receiver’s Motion as the

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SIL-I Policy, in exchange for payment of the net cash value.

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Date: 5/15/2013

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___________________________________
GARLAND E. BURRELL, JR.
Senior United States District Judge

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DEAC_Signature-END:

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