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

Filing 992

ORDER signed by Judge Garland E. Burrell, Jr., on 2/23/15 ORDERING that the Receiver's 982 Final Report and Proposed Distribution is APPROVED. (Kastilahn, A)

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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,

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

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The Court has considered the Receiver’s Final Report and Proposed Distribution,

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ORDER APPROVING RECEIVER’S
FINAL REPORT AND PROPOSED
DISTRIBUTION

Plaintiff,

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

determines that the Final Report and Proposed Distribution should be approved. Accordingly,

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It is ORDERED that the Receiver’s Final Report is approved.

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It is FURTHER ORDERED that the fractional interests held by investors in the WIL-

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E&C policy no. 60057369 are hereby replaced with like fractional interests in the BOT-M policy

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no. U10005943L, and American General Life is ORDERED to change its records to reflect and

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effectuate the transfer.

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IT IS FURTHER ORDERED, ADJUDGED AND DECREED that the Receiver is

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authorized to pay all outstanding amounts pursuant to separately filed fee applications to the

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following professionals:

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1. Quilling, Selander Lownds Winslett & Moser, P.C.;

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2. Boutin Jones, Inc.;

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3. Munsch Hardt Kopf & Harr, P.C.;

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4. Mennemeier Glassman LLP; and

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5. Litzler Segner Shaw & McKinney, LLP.

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IT IS FURTHER ORDERED, ADJUDGED AND DECREED that the Receiver is

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authorized to make a final pro-rata distribution to the 752 allowed claims totaling
[Proposed] ORDER ON RECEIVER’S FINAL REPORT and PROPOSED DISTRIBUTION
-1673589.1

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$27,693,572.18, of all funds remaining in his possession in the approximate amount of

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$341,661.27.

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IT IS FURTHER ORDERED, ADJUDGED AND DECREED that upon completion of

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the final distribution to investors, that the Receiver be discharged from any further duty other

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than as set forth below and that his bond be released.

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IT IS FURTHER ORDERED, ADJUDGED AND DECREED that the Receiver is

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authorized, so long as may be necessary, to execute such documents and take such actions as

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may be necessary to continue efforts to transfer ownership of all policies to Lexington

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Settlements or its designees.
Dated: February 23, 2015

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[Proposed] ORDER ON RECEIVER’S FINAL REPORT and PROPOSED DISTRIBUTION
-2673589.1