United States Commodity Futures Trading Commission v. Yu et al

Filing 36

ORDER by Judge Yvonne Gonzalez Rogers granting 35 Administrative Motion for Appointment of Monitor. (fs, COURT STAFF) (Filed on 3/26/2013)

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1 2 3 UNITED STATES DISTRICT COURT 4 NORTHERN DISTRICT OF CALIFORNIA 5 6 7 UNITED STATES COMMODITY FUTURES TRADING COMMISSION, Plaintiff, 8 9 10 Northern District of California United States District Court 11 12 13 14 15 Case No.: 12-CV-3921 YGR ORDER GRANTING PLAINTIFF’S ADMINISTRATIVE MOTION FOR APPOINTMENT OF MONITOR vs. VICTOR YU, D/B/A VISCO INTERNATIONAL, LTD., CURRENCY TRADING CLUB AND VICTORY FX CLUB, AND VFRS, LLC,, Defendants. Plaintiff has filed an Administrative Motion for Appointment of Monitor. (Dkt. No. 35.) No opposition has been filed. Good cause appearing, the motion is GRANTED. 16 The Court previously adopted the Report and Recommendations of Magistrate Judge Nandor 17 Vadas and granted the Commission’s Motion for Default Judgment (Docket No. 34). That judgment 18 includes an order that the Defendants pay restitution in the amount of $2,148,382.77 (see Docket # 19 33). The Commission seeks appointment of the National Futures Association (“NFA”) as Monitor to 20 make distributions of the restitution payments from funds already frozen or subsequently received 21 from the Defendants will ensure that restitution is promptly and fairly made to Defendants’ former 22 clients and customers. 23 24 25 26 27 28 The proposed judgment previously submitted by Plaintiff, including appointment of a monitor, will be entered. This Order terminates Docket Number 35. IT IS SO ORDERED. Date: March 26, 2013 _______________________________________ YVONNE GONZALEZ ROGERS UNITED STATES DISTRICT COURT JUDGE

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