Securities & Exchang v. Jain, et al

Filing 221

ORDER GRANTING 219 SEC'S MOTION TO TURNOVER FUNDS PAID INTO THE COURT TO THE UNITED STATES TREASURY.(whalc2, COURT STAFF) (Filed on 5/17/2016)

1 JINA L. CHOI (Admitted to N.Y. Bar)
SUSAN F. LaMARCA (Cal. Bar No. 215231)
2 [e-mail]
3 Attorneys for Plaintiff
SECURITIES AND EXCHANGE COMMISSION
4 44 Montgomery Street, Suite 2800
San Francisco, California 94104
5 Telephone: [phone]
Facsimile: [phone]
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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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SAN FRANCISCO DIVISION

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12 SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,

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vs.

15 PAUL C. JAIN and STEVEN J. ALLAN,
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Defendants.

Case No. C-98-2684
[PROPOSED] ORDER GRANTING SEC’S
MOTION TO TURNOVER FUNDS PAID
INTO THE COURT TO THE UNITED
STATES TREASURY

Plaintiff Securities and Exchange Commission (the “SEC”) filed an Administrative Motion

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2 for an Order directing the Clerk of the Court to pay to the United States Treasury the approximately
3 $3,076 deposited with the Court (on or around March 7, 2013), pursuant to the Final Judgment
4 Imposing Penalties and Disgorgement Against Paul C. Jain and Steven J. Allan, entered June 23,
5 2005.
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Good cause appearing from the SEC’s motion and supporting papers, it is therefore

7 ORDERED that the SEC’s motion is GRANTED. The Clerk of the Court shall turnover to the
8 United States Treasury the $3,076 deposited into the Court’s registry, along with the interest that has
9 accrued to date on that deposit (less allowable administrative fees).
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The Clerk of the Court is further authorized to issue a check (or to make other payment by

11 wire, or via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm) to:
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Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169

15 The payment shall be accompanied by a letter or other notice indicating that it is made pursuant to
16 this Order in this case.
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[Proposed] Order Granting Turnover of Funds to Treasury
Civil Case No. C-98-2684

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United States District Judge
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22 Dated: May 17, 2016.

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IT IS SO ORDERED.

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