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)

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4:26 PM Laurel Preserve, LLC 01/22/09 Accrual Basis Balance Sheet All Transactions Jan 12, 09 ASSETS Current Assets Checking/Savings BB&T Northern Trust Wachovia Total Checking/Savings Other Current Assets 2,366.17 17,050.06 2,623.38 22,039.61 Furniture Total Other Current Assets 2,346.24 2,346.24 Total Current Assets Fixed Assets 24,385.85 235,575.44 1,563.71 5,000.00 6,547.00 38,702.35 10 Laurel Cottage Equipment Kawasaki Mule !'2!1!.fact!.!"ed Home Contract Labor- 1099 Manufactured Home. Other Total Manufactured Home Real Estate 45,249.35 218,644.20 344,675.85 5,110,058.72 5,673,378.77 2,183.04 -1,070.00 2,892.00 1,822.00 5,964,772.31 Capital Improvements Capitalized Expenses Real Estate - Other Total Real Estate Signs Transporttion Equipment Accum DepTransportation Equip Transportation Equipment - Other Total Transportation Equipment Total Fixed Assets TOTAL ASSETS . LIABILITIES & EQUITY 5,989,158.16 Liabilties Current Liabilities Other Current Liabilities Loans Payable BB& T Laurel Preserve Laurel Mountain Preserve Scoop Capital, LLC Scoop Management Tradewind, LLC 360,157.37 929,434.45 711,000.00 349,862.67 61,410.85 Total Loans Payable 2,411,865.34 2,411,865.34 2,411,865.34 Total Other Current Liabilties Total Current Liabilties Long Term Liabilties Mortgage Payable Laurel Mountain Preserve Wachovia Loan 2,900,000.00 1,900,000.00 Total Mortgage Payable 4,800,000.00 4,800,000.00 7,211,865.34 Page Total Long Term Liabilties Total Liabilties 1 EXHIBIT 6 4:26 PM Laurel Preserve, LLC 01/22/09 Accrual Basis Balance Sheet All Transactions Jan 12, 09 Equity Net Income Total Equity TOTAL LIABILITIES & EQUITY -1,222,707.18 -1,222,707.18 5,989,158.16 Page 2

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