Securities and Exchange Commission v. Nadel et al

Filing 1361

STATUS report Receiver's Twenty-Second 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)(Perez, Jared)

EXHIBIT C

Chris Moody's Assets

Asset

Share
Original Purchase
Market Value
Loans/Liens on
Information or
Price or Loan
or Amount
Asset
% of Interest
Amount
Recovered
Acquired

Status/Disposition

Real and Personal Property
2140 Hillview Street,
Sarasota, Florida
(Rental Property)

$296,000.00

No interest
$86,000 to
acquired due to lack $103,000
of value

$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 by the bank holding the debt.

1881 Summerwalk Circle,
Sarasota, Florida
(Rental Property)

$312,000.00

No interest
$140,000 to
acquired due to lack $155,000
of value

$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 by the bank holding the debt.

Page 1 of 7

Chris Moody's Assets

Asset

Share
Original Purchase
Market Value
Loans/Liens on
Information or
Price or Loan
or Amount
Asset
% of Interest
Amount
Recovered
Acquired

Status/Disposition

Hideaway Bay Club, Unit K2,
Little Gasparilla, Florida

$150,000.00

1/3 ownership of
vacation
condominium

$70,000

N/A

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
provided that the defendants would 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)

$10,000.00

100%

$7,875

N/A

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

1996 Wellcraft Scarab Sport Boat
(Purchased in 1999)

$45,000.00

No interest
Approximately
acquired due to lack $25,000
of value

$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.

Page 2 of 7

Chris Moody's Assets

Asset

Share
Original Purchase
Market Value
Loans/Liens on
Information or
Price or Loan
or Amount
Asset
% of Interest
Amount
Recovered
Acquired

Status/Disposition

Financial Accounts/Securities
Regions Bank Checking Account

N/A

N/A

$8,085.00

N/A

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

Bonds.com

Various

4,116,084 shares

$5,000.00

N/A

Pursuant to an 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.

Unknown

58,771 original
shares;
62 shares after
reverse splits

De minimus

N/A

This company's stock recently traded for
approximately $0.0001 per share. Absent unforseen
market developments, the Receiver will not be able
to recover any funds from this investment.

China New Energy Group Company

Unknown

2,500 shares

De minimus

N/A

This company's stock recently traded for $0.0023 per
share. Absent unforseen market developments, the
Receiver will not be able to recover any funds from
this investment.

Flagship Global Healthcare, Inc.

Unknown

153,265 shares

$0.00

N/A

This company filed for bankrupcty under Chapter 7 of
the Bankruptcy Code in 2008. As such, the Receiver
will not be able to recover any funds from this
investment.

Celsia Technologies
(formerly iCurie)

$24,992

2,912 preferred
$0.00
shares (converted
to 37,866 shares of
common stock)

N/A

This company is no longer in operation, and all of its
assets have been sold. As such, the Receiver will not
be able to recover any funds from this investment.

Page 3 of 7

Chris Moody's Assets

Asset

Share
Original Purchase
Market Value
Loans/Liens on
Information or
Price or Loan
or Amount
Asset
% of Interest
Amount
Recovered
Acquired

Status/Disposition

Business Interests
C.D.M. Leasing, LLC

$35,000

100%

$0.00

N/A

This company owned three vehicles that 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, Inc. (Doc.
989). The company does not have any other assets.

Valkyrie Aviation, LLC

$112,500

100%

$0.00

$1,000,000

Valkrie Aviation owned an interest in a 1977
Beechcraft King Air, but the associated debts
exceeded the assets, and the company was
administratively dissolved in 2009. As such, the
Receiver will not be able to recover any funds from
this investment.

Collingwood Construction
Group, LLC

$263,750

16%

$0.00

N/A

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 from this
investment.

TRD Land 43, LLC

$54,000

3%

TBD

N/A

In May 2017, Chris Moody turned over to the
Receiver a payment from TRD Land 43, LLC that the
Chris Moody Trust received in the amount of $4,800.
Additional recoveries might be possible when the
underlying real estate is sold.

Rand Hillview, LLC

$55,000

11 units

$0.00

$2.9 million

American Momentum Bank foreclosed on the
property owned by this entity, which was appraised
at $2.2 million in 2009 but also carried more than
$2.9 million in debt at the time of the foreclosure. As
such, the Receiver will not be able to recover any
funds from this investment.

Page 4 of 7

Chris Moody's Assets

Asset

Share
Original Purchase
Market Value
Loans/Liens on
Information or
Price or Loan
or Amount
Asset
% of Interest
Amount
Recovered
Acquired

Screen Test Studios, LLC

$0.00 (gift to C. Moody 150,000 units
from D. Fontaine)

$0.00

N/A

Citi Wifi Networks

$100,000

150 shares

$0.00

N/A

Callahan Energy Partners

$2,500

1 unit

$0.00

N/A

Page 5 of 7

Status/Disposition

This entity was administratively dissolved in 2016. As
such, the Receiver will not be able to recover any
funds from this investment.
This entity was administratively dissolved in 2009. As
such, the Receiver will not be able to recover any
funds from this investment.
This entity is no longer in business. As such, the
Receiver will not be able to recover any funds from
this investment.

Chris Moody's Assets

Asset

Share
Original Purchase
Market Value
Loans/Liens on
Information or
Price or Loan
or Amount
Asset
% of Interest
Amount
Recovered
Acquired

Status/Disposition

Receivables/Notes
Bonds.com

$1,236,836 note;
$50,000 note

N/A

$2,250,000
(in combination
with other assets)

N/A

Pursuant to an 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.

Celsia Technologies
(formerly iCurie)

$24,992 note

N/A

$0.00

N/A

This company is no longer in operation, and all of its
assets have been sold. As such, the Receiver will not
be able to recover any funds from this investment.

Dennis Fontaine;
$140,910 loan; $50,000 N/A
Rocket Science Labs (RSL Wrist ID); Pet note
Tattoos & Other Pet Products

$0.00

N/A

The Receiver does not believe he will be able to
recover any funds from these investments.

Callahan Energy Partners

$30,000 outstanding on N/A
$50,000 loan

$0.00

N/A

This entity is no longer in business. As such, the
Receiver will not be able to recover any funds from
this investment.

Respiro, Inc.

$577,500.00

$45,750

N/A

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).

100%

Page 6 of 7

Chris Moody's Assets

Asset

Share
Original Purchase
Market Value
Loans/Liens on
Information or
Price or Loan
or Amount
Asset
% of Interest
Amount
Recovered
Acquired

Status/Disposition

One World Ocean, LLC
Dennis Geers

$120,500 in various
loans between 2007
and 2009

N/A

$0.00

N/A

This company was administratively dissolved in 2010.
Communications with Dennis Geers in 2012 indicated
the company was unable to repay the debt. As such,
the Receiver will not be able to recover any funds
from this investment.

Collingwood Construction
Group, LLC

$100,000 loan

N/A

$0.00

N/A

This company filed for bankrupcty under Chapter 7 of
the Bankruptcy Code in 2008. As such, the Receiver
will not be able to recover any funds from this
investment.

Sea Gate Land

$90,000 loan

N/A

$0.00

N/A

This company was administratively dissolved. As
such, the Receiver will not be able to recover any
funds from this investment.

Page 7 of 7