Securities and Exchange Commission v. Femenia et al

Filing 425

ORDER granting 424 Motion for modification of injunction and asset freeze. Signed by Senior Judge Graham Mullen on 5/11/2023. (kab)

UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF NORTH CAROLINA
CHARLOTTE DIVISION
3:12-CV-803 (GCM)
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
JOHN W. FEMENIA, et al.,
Defendants,
and
KRISTINE LACK and CHRISTINE MUSANTE,
Relief Defendants.
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ORDER GRANTING
MOTION FOR APPROVAL
OF SALE OF PROPERTY

THIS MATTER IS BEFORE THE COURT on the defendant Roger A. Williams’s
Motion for approval to accept an outstanding Offer to Purchase and the Sale of property located
at 10507 New Town Road, Marvin, North Carolina;
AND IT APPEARING TO THE COURT that the sale of the property is a fair market
value transaction:
IT IS THEREFORE ORDERED:
1.
The Court approves and authorizes the defendant to sell and close on the sale of
the real property located at 10507 New Town Road, Waxhaw, North Carolina 28173, comprising
of two parcels, Tax Parcel Number 06240006 and Tax Parcel 06240005A.
2.
The closing attorney, shall hold all of the net sales proceeds in his trust account
pending instruction by the plaintiff as to how the net proceeds shall be paid to the United States.
3.
The amount of the net proceeds shall be applied against the disgorgement Order
entered against the defendant by this Court’s Order of November 17, 2016.
Signed: May 11, 2023

Case 3:12-cv-00803-GCM Document 425 Filed 05/11/23 Page 1 of 1