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)

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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-

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