Securities and Exchange Commission v. Nadel et al

Filing 1194

ORDER granting 1190 Motion to Overrule Objections to Claims. Signed by Judge Richard A. Lazzara on 8/27/2015. (SKH)

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 Receiver’s extensive
submissions, and in the absence of a timely response by the Vincentz’ Claimants, the
Court concludes that the Receiver’s Motion to Overrule Objections to Claims 403, 404,
405, 406, 407, 408, and 447 (Dkt. 1190) is granted. Based on the record before the
Court, there can be no question but that Traders Investment Club was part of the ponzi

scheme orchestrated by the late Arthur Nadel as determined by another judge of this
Court in Wiand v. Lee, et al., case number 8:10-cv-210-T-17MAP. The Vincentz’
Claimants have utterly failed to meet their burden of proof to prove the contrary.

DONE AND ORDERED at Tampa, Florida, on August 27, 2015.

s/Richard A. Lazzara
RICHARD A. LAZZARA
UNITED STATES DISTRICT JUDGE

COPIES FURNISHED TO:

Counsel of Record

-2-