Securities and Exchange Commission v. Nadel et al

Filing 1131

ORDER ATTACHED denying 1130 Claimant's Motion for Miscellaneous Relief. The Clerk is directed to enter judgment against Claimant Vernon M. Lee in accordance with the attached order. Signed by Judge Richard A. Lazzara on 7/18/2014. (CCB)

UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF FLORIDA
TAMPA DIVISION
SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
v.

CASE NO: 8:09-cv-87-T-26TBM

ARTHUR NADEL; SCOOP CAPITAL, LLC;
and SCOOP MANAGEMENT, INC.,
Defendants,
SCOOP REAL ESTATE, L.P.;
VALHALLA INVESTMENT PARTNERS, L.P.;
VALHALLA MANAGEMENT, INC.;
VICTORY IRA FUND, LTD.; VICTORY FUND, LTD.;
VIKING IRA FUND, LLC; VIKING FUND, LLC;
and VIKING MANAGEMENT, LLC,
Relief Defendants.
/
ORDER
Upon due and careful consideration of the procedural history of this case, it is ordered and
adjudged that the pro se Claimant’s Motion for Miscellaneous Relief (Dkt. 1130) is denied. The
Court continues to reaffirm its determination as set forth in the order entered June 18, 2014, at
docket 1121, which granted the Receiver’s Motion for an Order Overruling Objections to
Determinations of Claim Numbers 462, 463, 464, 465, 466, and 467 and Awarding Sanctions in
the Form of Attorney Fees and Costs, a motion to which the Claimant failed to respond, that “the
Claimant is now foreclosed from litigating the issue of the existence of a Ponzi scheme in this

judicial forum, and his refusal to withdraw his objections to the Receiver’s claims determinations
with regard to claims 462, 463, 464, 465, 466, and 467 can only be characterized as frivolous,
thus meriting an award of attorney fees and costs to the Receiver as an appropriate sanction for
needlessly pursuing an untenable legal position.” In light of that determination, and after closely
examining the Receiver’s attorney’s declaration in support of attorney fees and costs filed June
27, 2014, at docket 1125, it is ordered and adjudged that the amount of $6,477.30 is awarded
against the Claimant Vernon M. Lee as a sanction. The Clerk is directed to enter judgment
against the Claimant in that sum in favor of the Receiver.

DONE AND ORDERED at Tampa, Florida, on July 18, 2014.

s/Richard A. Lazzara
RICHARD A. LAZZARA
UNITED STATES DISTRICT JUDGE
COPIES FURNISHED TO:

Counsel of Record
Vernon M. Lee, pro se

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