Securities and Exchange Commission v. Rex Venture Group et al

Filing 5

COPY of ORDER from USDC-NC, case no. 3:12cv519, amending order appointing receiver Kenneth Bell for defendant Rex Venture Group. (ADB, )

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IN THE UNITES STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF NORTH CAROLINA CHARLOTTE DIVISION SECURITIES AND EXCHANGE COMMISSION, Plaintiff, Civil Action No. 3:12 cv 519 VS. REX VENTURES .GROUP, LLC d/b/a ZEEKREWARDS.COM, and PAUL BURKS, Defendants. ORDER GRANTING IN PART AND DENYING IN PART RECEIVER'S MOTION SEEKING AMENDMENT OF AGREED ORDER APPOINTING TEMPORARY RECEIVER AND FREEZING ASSETS OF . DEFENDANT REX VENTURE GROUP, LLC This matter is before the Court upon the Motion of Temporary Receiver KelUleth D. Bell (the "Receiver") Seeking Amendment of Agreed Order Appointing Temporary Receiver and Freezing Assets of Defendant Rex Venture Group, LLC (the "Motion") filed on August 24, 2012. After considering the Motion, and having heard arguments of counsel at a hearing on August 30,2012, IT IS ORDERED, ADJUDGED AND DECREED as follows: 1. The Motion is GRANTED IN PART and DENIED IN PART. 2. The Agreed Order Appointing Temporary Receiver and Freezing Assets of Defendant Rex Venture Group, LLC (Doc. No.4) (the "Agreed Order'') entered on August 17, 2012 is amended to strike the second recital paragraph in its entirety and replace it with the ~ollowing: 1 Case 3:12-cv-00519-GCM Document 21 Filed 08/30/12 Page 1 of 2 "WHEREAS, the Court finds that, based on the record in these proceedings, the appomtment" of a temporary receiver in this action of Defendant Rex Venture . Group, . LLC d/b/a ZeekRewards.com, any of its subsidiaries, whether incorporated or unincorporated, and any businesses or business names under which it does business (,Receivership Defendant') is necessary and appropriate for the purposes of marshaling and preserving all assets of the Receivership Defendant, including currency, checks, cashier's checks, teller's checks, .certified checks, money orders, drafts, notes, payments, properties or other assets held, possessed, received or credited by the Receivership Defendant on or after August 17, 2012 (,Receivership Assets'); and for the purposes of recovering and . preserving those assets: (a) held in constructive trust for the Receivership Defendant; or (b) fraudulently transferred by the Receivership Defendant (together, 'Recoverable Assets')." IT IS SO ORDERED, thi~Y of August 2012. .~cotJi. raham C. Mullen . '-­ United States District Judge 2 Case 3:12-cv-00519-GCM Document 21 Filed 08/30/12 Page 2 of 2

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