Securities and Exchange Commission v. Nadel et al

Filing 1289

STATUS report Receiver's Twenty-First Interim Report by Burton W. Wiand. (Attachments: # 1 Exhibit A - Standardized Fund Accounting Report, # 2 Exhibit B - Receivership Assets Sold or Otherwise Disposed, # 3 Exhibit C - Chris Moody's Assets, # 4 Exhibit D - Neil Moody's Assets)(Lamont, Michael)

EXHIBIT C

Chris Moody's Assets

Asset

Purchase Price or
Share
% of Interest
Information
Acquired

Loans/Liens

Status/Disposition

Real and Personal Property
2140 Hillview St., Sarasota (Rental
Property)

$296,000.00

$228,000
(as of 1/2009)

The Receiver carefully investigated the financial and
physical condition of this property and determined it
was not in the best interest of the Receivership to
take title. The property carried considerable debt
and was in significant disrepair. The Receiver
determined that the loan on the property had not
been paid since early 2009 and the fair market value,
as determined by a licensed real estate broker, was
far less than the amount of the debt. This property
has been foreclosed on by the bank holding the debt.

1881 Summerwalk Circle, Sarasota
(Rental Property)

$312,000.00

$241,300
(as of 1/2009)

The Receiver carefully investigated the financial and
physical condition of this property and determined it
was not in the best interest of the Receivership to
take title. The property carried considerable debt
and was in significant disrepair. The Receiver
determined that the loan on the property had not
been paid since early 2009 and the fair market value,
as determined by a licensed real estate broker, was
far less than the amount of the debt. This property
has been foreclosed upon by the bank holding the
debt.

Page 1 of 7

Chris Moody's Assets

Asset
Hideaway Bay Club, Unit K2, Little
Gasparilla, FL (1/3 ownership in
Vacation Condominium)

Purchase Price or
Share
% of Interest
Information
Acquired

Loans/Liens

$150,000.00

The Receiver brought an action to recover money
received from Chris Moody in connection with this
condominium. On November 26, 2013,the Receiver
filed a motion to approve a settlement of the action
(Doc. 1090). In pertinent part, the settlement
provides that the defendants will pay the Receiver
$70,000. The Court approved the settlement on
November 26,2013(Doc. 1092)and the $70,000 has
been paid to the Receiver.

1997 Jeep (Barbie)

1996 Wellcraft Scarab Sport boat
(Purchased in 1999)

King Air (Valkyrie Aviation)

Status/Disposition

Sold for $7,875 on or about March 2, 2010(Order,
Doc. 357).
$45,000.00

$26,200(as of
1/2009)

The Receiver carefully investigated the financial and
physical condition of the boat and determined that it
was not in the best interest of the Receivership to
take title. The boat carried considerable debt and
was in need of significant repairs. The Receiver
determined that the fair market value of the boat
was significantly less than the amount of the debt.

$1,000,000

The Receiver is evaluating Chris Moody's interest in
this entity.

Page 2 of 7

Chris Moody's Assets
Purchase Price or
Asset

% of Interest
Acquired

Share
Information

Loans/Liens

Status/Disposition

Financial Accounts/Securities
Regions Bank Checking Account

The Receiver obtained the balance of this account
which was $8,085.00.

Bonds.com

4,116,084 shares

Pursuant to the agreement between the Receiver
and Bonds.com for the repayment of debt,
termination of rights, and repurchase of securities,
which was approved by the Court, these securities
were repurchased on October 10,2012 for $5,000.
Please refer to Section V.C.2 of the Twelfth Interim
Report for more details regarding this agreement.

Drinks Americas Holdings, Ltd.

233,293 shares

The Receiver has possession of these shares. Due to
reverse splits, the number of shares has significantly
decreased. The Receiver is attempting to determine
the available market for these shares.

China New Energy Group Company

2,500 shares

The Receiver has possession of these shares and is
attempting to determine the available market for
these shares.

Flagship Global Healthcare, Inc.

153,265 shares

This company has filed for bankrupcty under Chapter
7 of the Bankruptcy Code. It is unlikely that the
Receiver will be able to recover any funds for this
investment.

Celsia Technologies(formerly iCurie)

2,912 shares
Series A pfd. 8% deb.
(converted to
37,866 shares
common stock)

This company is no longer in operation and all of its
assets have been sold. As such, it is unlikely that the
Receiver will be able to recover any funds for this
investment.

Page 3 of 7

Chris Moody's Assets

Asset

Purchase Price or
Share
% of Interest
Information
Acquired

Loans/Liens

Status/Disposition

Business Interests
C.D.M. Leasing LLC

100%

This is an inactive Florida Limited Liability Company.
The company owned three vehicles which were being
leased to Receivership Entity Respiro, Inc. On March
15, 2013, the Court granted the Receiver's motion to
transfer title to the vehicles to Respiro (Doc. 989).
The company does not have any other assets.

Valkyrie Aviation, LLC

100%

This is an inactive Florida Limited Liability Company
established to co-own and operate King Air. This
company has a potential $112,500 interest in an
airplane transferred to another entity which assumed
the note and mortgage. The Receiver is evaluating
this transaction and Chris Moody's interest in the
airplane.

Collingwood Construction Group, LLC 16%

Collingwood Construction Group, LLC was liquidated
through a Chapter 7 bankruptcy proceeding and is no
longer in operation. Accordingly, the Receiver will
not be able to recover any funds for this investment.

TRD Land 43, LLC

3.22% Limited
Partnership Interest

Chris Moody invested approximately $59,500 in this
company to help fund the purchase of 43 acres in
Mayyaka, Florida. The Receiver is evaluating Chris
Moody's interest in this property.

Rand Hillview, LLC

11 limited Partnership
units

The property owned by this entity was foreclosed on
by the bank. It does not appear that the Receiver will
be able to recover any funds for this investment.

Page 4 of 7

Chris Moody's Assets

Asset

Purchase Price or
Share
% of Interest
Information
Acquired

Loans/Liens

Status/Disposition

Screen Test Studios, LLC

150,000 est. units

The Receiver is evaluating Chris Moody's interest in
this entity.

Citi Wifi Networks

150 shares(purchased
for $100,000)

The Receiver is evaluating Chris Moody's interest in
this entity.

Callahan Energy Partners

1 unit of interest
(purchased for $2,500)

The Receiver is evaluating Chris Moody's interest in
this entity.

Page 5 of 7

Chris Moody's Assets

Asset

Purchase Price or
Share
% of Interest
Information
Acquired

Loans/Liens

Status/Disposition

Receivables Notes
Bonds.com

two promissory notes
in the amounts of
$1,236,836 and
$50,000

Pursuant to the agreement between the Receiver
and Bonds.com for the repayment of debt,
termination of rights, and repurchase of securities,
which the Court approved,this debt was retired
along with all other Bonds.com debt to the
Receivership in exchange for payment of $2,250,000.
Please refer to Section V.C.2 of the Eleventh Interim
Report for more information regarding this
agreement.

iCurie; Celsia Technologies

$24,992.00

This company is no longer in operation and all of its
assets have been sold. As such, it is unlikely that the
Receiver will be able to collect on this note.

Dennis Fontaine - Rocket Science
Labs(RSL Wrist ID); Pet Tattoos &
Other Pet Products

2 loans and a note Note for $50,000 and
loans of $140,910.

The Receiver is contemplating the appropriate course
to take for collection of these receivables.

Callahan Energy Partners

$50,000.00

The Receiver believes that $30,000 is still outstanding
on this loan and is evaluating the appropriate course
of action to take with respect to collection of the
outstanding balance.

Respiro, Inc.

$577,500.00

Chris Moody loaned $577,500 to this company which
was owned by his wife. The Receivership was
expanded to include Respiro on September 21,2012
(Doc. 916). The assets of Respiro were sold on
October 4,2013 for $45,750. This sale was approved
by the Court(Doc. 1075).

Page 6 of 7

Chris Moody's Assets

Asset

Purchase Price or
Share
% of Interest
Information
Acquired

Loans/Liens

One World Ocean, LLC/Dennis Geers $120,500.00

Status/Disposition
This limited liability company is a program for
fractional ownership in yachts. Chris Moody made a
series of loans to Dennis Geers in connection with
this company. On August 31, 2012, the Receiver sent
a demand letter to Mr. Geers for the outstanding
loan balance.

Collingwood Construction Group

$100,000.00

Chris Moody loaned Collingwood $100,000. As this
company was liquidated through a Chapter 7
bankruptcy, it is unlikely that the Receiver will be
able to collect on this loan.

Sea Gate Land

$90,000.00

The Receiver is contemplating the appropriate course
to take for collection of this receivable.

Page 7 of 7