Securities and Exchange Commission v. Nadel et al

Filing 37

DECLARATION of Receiver, Burton W. Wiand re #36 Unopposed MOTION for miscellaneous relief, specifically expansion of the receivership to include Laurel Mountain Preserve, LLC, Laurel Preserve, LLC, Laurel Mountain Preserve Homeowners Association, Inc., and the Marguerite J. Nadel Revocable Trust UAD by Burton W. Wiand. (Attachments: #1 Exhibit 1, #2 Exhibit 2, #3 Exhibit 3, #4 Exhibit 4, #5 Exhibit 5, #6 Exhibit 6, #7 Exhibit 7, #8 Exhibit 8, #9 Exhibit 9, #10 Exhibit 10, #11 Exhibit 11, #12 Exhibit 12, #13 Exhibit 13, #14 Exhibit 14)(Morello, Gianluca)

4:24 PM

Laurel Mountain Preserve, LLC

01/22/09 Cash Basis

Balance Sheet
All Transactions
Dec 31, 08

ASSETS Current Assets

Checking/Savings
Northern Trust Bank
Total Checking/Savings
Other Current Assets Loans Recievable Laurel Preserve

5,353.03 5,353.03

Tradewind

919,434.45 10,000.00 929,434.45 929,434.45 934,787.48

Total Loans Recievable
Total Other Current Assets

Total Current Assets
Other Assets

Mortgage Receivable, Laurel Pre
D..o~~Ħrl c:oi++I.orno.n+ r:h::rni:u:::

2,900,000.00
-4,432.83 13,298.50
8,865.67

. ...1"''... ........._......... _.....;:-Accum Amort Prepaid Settlement Prepaid Settlement Charges - Other

Total Prepaid Settlement Charges

Start-up Expenses
Accum Amort Start-Up Exps
Start-up Expenses - Other

-267.00 1,147.00
880.00

Total Start-up Expenses
Total Other Assets
TOTAL ASSETS
LIABILITIES & EQUITY

2,909,745.67
3,844,533.15

Liabilties Current Liabilties Other Current Liabilties
Loans Payable

Art & Peg L&E Scoop Capital Scoop Management Tradewind, LLC

214,467.80 200,000.00 1,335,753.09 59,000.00
1,809,220.89 1,809,220.89

Total Loans Payable

Total Other Current Liabilties
Total Current Liabilties
Total Liabilties

1,809,220.89 1,809,220.89

Equity

Retained Earnings
Net Income

203,923.79 1,831,388.47
2,035,312.26

Total Equity
TOTAL LIABILITIES & EQUITY

3,844,533.15

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