Securities and Exchange Commission v. Brown

Filing 497

ORDER ADOPTING REPORT AND RECOMMENDATIONS 496 . Motion for Miscellaneous Relief filed by Nauni Manty 488 is GRANTED. (Written Opinion). Signed by Judge John R. Tunheim on June 23, 2011. (HAM)

UNITED STATES DISTRICT COURT
DISTRICT OF MINNESOTA
________________________________________________________________________
SECURITIES AND EXCHANGE
COMMISSION,

Civil No. 06-1213 (JRT/FLN)

Plaintiff,
v.

ORDER ADOPTING REPORT AND
RECOMMENDATION

SHERWIN P. BROWN, et al.,
Defendants.
________________________________________________________________________

The above matter comes before the Court upon the Report and Recommendation
of United States Magistrate Judge Franklin L. Noel dated June 5, 2011 [Docket No. 496].
No objections have been filed to that Report and Recommendation in the time period
permitted.
Based upon the Report and Recommendation of the Magistrate Judge, and all of
the files, records and proceedings herein, IT IS HEREBY ORDERED that:
Receiver Nauni Manty’s Motion for Approval of Asset Distribution Plan and for
Discharge of the Receiver [Docket No. 488] is GRANTED.
The following assets of the receivership are distributed to the below identified
Brawta investors and creditors in the following amounts:
INVESTOR NAME

DISTRIBUTION ($)

Steven J. Kohler
David W. Eisen
Lisa Kisch

170.48
903.88
170.48

Dean Volkert
Daniel A. Linell
Mary E. Huss
Robert J. Pickett
Robert J. Fredericks
Linda Hacker
Lillian Derevitsky
Rodney Swanson
Wayne F. Haag
James & Sandra Talbot
Steven E. Pickhartz
Michele R. Hostager
Sigmund & Ila Schneibel
Carolyn Maher
Gary M. Timm
William J. Scaramuzzo
Aarron M. Reinert
Anthony Sandoval
Janice E. Koshak
R. Lee Mauk
William & Diane Bennis
Richard & Karen Carey
Bernard & Mary Lou Larson
Patrick Murphy
James R. Stickler
Diana Hyland Weber
Kevin P. Noel
Sheryl & Donald Smith
Carol Schaaf
Kathryn S. Paurus
Jeremy S. Springer
Nancy L. Springer
Thomas E. Krantz
Allen R. Wirth
George Rozenkowski
Ralph L. Karner
Kenneth L. Sturm
Kenneth G. Lorentz
Alain M. Pensini
Duane & Mary Ducklow
Kathleen T. Burkard
Gary Brewer
Edward Urban

542.32
542.32
340.98
340.98
340.99
170.49
1,205.00
542.33
1,813.94
1,084.67
723.11
340.99
340.99
340.99
170.49
903.89
361.55
903.89
903.89
723.11
170.49
382.13
382.13
191.06
340.99
170.49
1,169.91
681.97
722.59
360.15
340.99
382.13
170.49
542.33
903.89
903.89
542.33
426.24
542.33
361.55
170.49
170.49
170.49

Anthony C. Jordan
Vivian VonDeLinde
Patrick O. Harvey
Roy L. Estes
Andrew C. Jurewicz
Jerry G. Johnson
Barbara Dudakiw
Nawrocki, Rooney & Sievertson, P.A.

637.86
573.18
340.99
255.74
255.74
1,807.77
255.74
291.70

Receiver is authorized to distribute $40,114.36 to Felhaber, Larson, Fenlon & Vogt, P.A.
Receiver is authorized to distribute $54,673.64 to Manty & Associates, P.A.
Receiver is authorized to distribute $1,500.00 to DS&B, Ltd.
Receiver is discharged from her duty in this case as Receiver for the Brawta investors
upon completion of the above distributions.
IT IS FURTHER ORDERED that:
i. The Court’s Agreed Order of Preliminary Injunction and Asset Freeze dated April
14, 2006 [Docket No. 19] is lifted only with respect to any funds in the
Jamerica Financial Inc. 401(k) account number xxxxx669 and American Funds
Service Company account number xxxxx69. [See also Docket No. 164.]
ii. Mr. Brown no longer is required to notify the SEC or Receiver about his plans for
future foreign travel as previously ordered. [See Docket No. 10 at 10; Docket
No. 19 at 9; Docket No. 164 at 10.]

DATED: June 23, 2011
at Minneapolis, Minnesota.

______ s/ John R. Tunheim _______
JOHN R. TUNHEIM
United States District Judge