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 D

Neil Moody's Assets

Asset

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

Status/Disposition

Real and Personal Property
464 Golden Gate Pt., Apt. 703,
Sarasota, Florida

$2,160,000.00

100%

$2,300,000

A primary mortgage
loan in the amount of
$956,000 and a home
equity line of credit
with an initial balance
of $880,000

The Receiver was granted possession of this property
on January 28, 2010 (Doc. 327). This property is a
residential condominium unit in a building called La
Bellasara and was Neil Moody’s primary Florida
residence. The Receiver obtained Court approval of a
contract for the sale of this property for $2,300,000.
The Receiver obtained $2,147,993.69 from this sale
(net after payment of commissions and costs), which
was distributed to Wells Fargo Bank and the
building's condominium association pursuant to
Court-approved settlement agreements and
stipulations (Docs. 1296, 1297).

Miscellaneous personal items,
including household furnishings, art,
electronics, three pistols, a custom
knife, and six cases of California
wines

Miscellaneous

100%

$18,984

N/A

The Receiver consigned many of these items. To
date, the Receiver has recovered approximately
$18,983.84 from that consignment after the payment
of commissions and other associated costs. Few, if
any, items remain to be sold.

Financial Accounts/Securities
First American Bank Account of Neil
Moody Charitable Foundation

N/A

100%

$375.25

1 of 6

N/A

The Receiver obtained the balance of this account,
which was $375.25.

Neil Moody's Assets

Asset

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

Status/Disposition

Bonds.com

Various

1,041,667 shares

$5,000

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.

First American Bank

Unknown

36,000 shares

$288,000.00

N/A

The Receiver redeemed these shares in May 2015 for
the total amount of $288,000.

Nerium Biotechnology, Inc.

Various

309,097 shares

TBD

N/A

Phoenix BioTechnology, Inc.

Various

123,218 shares

TBD

N/A

Electronic Card Game, Inc.

$50,000

50,000 shares

$0.00

N/A

The Receiver is attempting to determine the available
market for these shares, which are illiquid but have
previously traded at $1 per share. Parties interested
in purchasing these shares should contact the
Receiver.
The Receiver is attempting to determine the available
market for these shares, which are illiquid but have
previously traded at $3 per share. Parties interested
in purchasing these shares should contact the
Receiver.
This company was liquidated through a Chapter 7
bankruptcy and is no longer in operation. As such,
the Receiver will not be able to recover any funds
from this investment.

Celsia Technologies
(formerly iCurie)

Unknown

75,000 Series A
preferred shares

$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.

Drinks Americas Holdings, Ltd.

Unknown

2,013,527 original
shares before 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.

2 of 6

Neil Moody's Assets

Asset

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

Status/Disposition

Mimeo.com

$37,600

12,500 Series C
preferred shares;
549 Series AB-1
preferred shares

TBD

N/A

The Receiver has obtained possession of these shares
and is attempting to sell them. Parties interested in
purchasing these shares should contact the Receiver.

KineMed, Inc.

$313,935.22

162,008 common
shares;
587,687 AA preferred
shares

$0.00

N/A

This company filed for bankruptcy under Chapter 11
of the Bankruptcy Code on May 4, 2016. On March
27, 2018, the bankruptcy court approved the
company's first amended plan of reorganization,
which states that all shares of stock and other equity
interests shall be void and unenforceable. As such,
the Receiver will not be able to recover any funds
from this investment.

Active RFID Systems

Unknown

50,000 shares

$0.00

N/A

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

Advanced Nanotech, Inc.

$75,000.00

1,757 shares

$0.00

N/A

This company filed for bankruptcy under Chapter 7 of
the Bankruptcy Code in 2011. Although the
bankruptcy proceeding is ongoing, the Receiver likely
will not be able to recover any funds from this
investment.

Gold Reef International Inc.
n/k/a Peloton Mineral

Unknown

20,000 shares

De minimus

N/A

The Receiver has obtained possession of these shares
and is attempting to determine the available market
for them. Recent research indicates the shares may
have a total value of approximately $1,500 - $1,800.

MAM Software Group, Inc.

Unknown

10,630 shares

$59,692.50

N/A

Neil Moody received $59,692.50 in exchange for
tendering shares titled in the name of his trust. In
response to a demand from the Receiver, Mr. Moody
sent $59,692.50 to the Receiver by wire transfer on
June 4, 2018.

Vital Living

$78,400

268,445 shares

$0.00

N/A

This company ceased operations in 2009 and is no
longer in business. As such, the Receiver will not be
able to recover any funds from this investment.

3 of 6

Neil Moody's Assets

Asset

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

Status/Disposition

Business Interests
The Rustic Oven (I and II)

$2,390,000.00

75% interest in both
restaurants

$0.00

Various

These were two restaurants located in Colorado.
They are no longer in operation and all assets were
encumbered. As such, the Receiver will not be able
to recover any funds from this investment.

Collingwood Construction
Group, LLC

$263,000

16% interest

$0.00

N/A

This company was liquidated through a Chapter 7
bankruptcy proceeding and is no longer in operation.
As such, the Receiver will not be able to recover any
funds from this investment.

Callahan Energy Partners

$5,000.00

2 membership units

$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.

Gibraltar Energy, LLC

$150,000.00

Unknown

$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.

First Nations Management, LLC

$2,429,706.00

Unknown

$0.00

N/A

This company is no longer in business. It appears to
have ceased operations in 2011. As such, it is unlikely
that the Receiver will be able to recover any funds
from this investment.

NetWolves Corp.

$49,600

31 membership units

$0.00

N/A

This company underwent reorganization through a
Chapter 11 bankruptcy proceeding, and effective
September 1, 2008, all existing equity interests were
cancelled. As such, the Receiver will not be able to
recover any funds from this investment.

Screen Test Studios, LLC

Unknown

100,000 membership
units

$0.00

N/A

This entity was administratively dissolved in 2016. As
such, the Receiver will not be able to recover any
funds from this investment.

4 of 6

Neil Moody's Assets

Asset

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

Status/Disposition

Receivables/Notes
Bonds.com

$250,000 note

N/A

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

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.

Collingwood Construction
Group, LLC

$50,000 loan

N/A

$0.00

N/A

This company was liquidated through a Chapter 7
bankruptcy proceeding and is no longer in operation.
As such, the Receiver will not be able to recover any
funds from this investment.

Fast Funds

$50,000 unsecured
note

N/A

TBD

N/A

The Receiver is researching Neil Moody's interest in
this entity.

South West Casino Corp.

$50,000 convertible
note

N/A

TBD

N/A

It appears that this entity may no longer be in
business. The Receiver is conducting further research
regarding this entity and Neil Moody's interests.

Legacy Card Co., Inc.

$50,000 convertible
note

N/A

TBD

N/A

The Receiver is researching Neil Moody's interest in
this entity.

Rocket Science Labs
(Dennis Fontaine)

$40,000 personal loan

N/A

TBD

N/A

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

Tasker Products

$50,000 convertible
note

N/A

$0.00

N/A

This company is no longer in business, and all assets
have been liquidated. As such, the Receiver will not
be able to recover any funds from this note.

5 of 6

Neil Moody's Assets

Asset
Callahan Energy Partners

Share
Original Purchase
Market Value
Information or %
Loans/Liens on
Price or Loan
or Amount
of Interest
Asset
Amount
Recovered
Acquired
$60,000 loan

N/A

$0.00

6 of 6

N/A

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