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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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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UNITED STATES COMMODITY FUTURES
TRADING COMMISSION,
Plaintiff,

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Northern District of California

United States District Court

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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.

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The Court previously adopted the Report and Recommendations of Magistrate Judge Nandor

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Vadas and granted the Commission’s Motion for Default Judgment (Docket No. 34). That judgment

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includes an order that the Defendants pay restitution in the amount of $2,148,382.77 (see Docket #

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33). The Commission seeks appointment of the National Futures Association (“NFA”) as Monitor to

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make distributions of the restitution payments from funds already frozen or subsequently received

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from the Defendants will ensure that restitution is promptly and fairly made to Defendants’ former

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clients and customers.

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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

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YVONNE GONZALEZ ROGERS
UNITED STATES DISTRICT COURT JUDGE