Klein & Associates

December 31, 2014: The Receiver today filed motions for summary judgment in five of the lawsuits he is pursuing against overpaid investors. The motions were filed against the defendants listed below. The total amount being sought in these five motions is $231,173.31. Additional motions for summary judgment will be filed against other defendants.

• Max Andreason and M&M Andreason Investments, Inc.: The motion seeks a judgment for the return of $49,636.99 in false profits paid to Andreason. A copy of the motion can be found here.
• Hong Shik Chung: The motion seeks a judgment for the return of $16,098.55 in false profits paid to Chung. A copy of the motion can be found here.
• Marilyn Corbett: The motion seeks a judgment for the return of $37,000.00 in false profits paid to Corbett. A copy of the motion can be found here.
• Lori & Robert McCool: The motion seeks a judgment for the return of $48,975.77 in false profits paid to Lori McCool and $25,410.78 in false profits paid to Robert McCool. A copy of the motion can be found here.
• Edda Nelson: The motion seeks a judgment for the return of $50,051.22 in false profits paid to Nelson. A copy of the motion can be found here.

December 29, 2014: The Court today approved nine settlements negotiated by the Receiver. These settlements will bring over $230,000 into the Receivership Estate. A copy of the Court’s order can be found here.

December 23, 2014: The Receiver filed a motion seeking Court approval of nine settlement agreements. If these settlements are approved by the Court, they will bring over $230,000 in additional funds into the Receivership Estate. A copy of the motion can be found here.

December 19, 2014: On September 24, 2014, JP Morgan Chase Bank filed a motion seeking to intervene in the Receivership case so the bank could foreclose on Palmer’s personal residence. On December 12, 2014, Chase Bank delivered an appraisal report to the Receiver and the Court, showing that the Receivership Estate would be unlikely to realize any net income from the sale of Palmer’s home. As a result, the Receiver filed a motion today, asking the Court for permission to abandon the Receivership Estate’s interest in the home. If the motion is granted, it would allow Chase Bank to seek to foreclose on the home. A copy of the Receiver’s motion can be found here.

December 19, 2014: The Court today granted default judgment against Xiaoping Su and Phillip Redd. The judgments declare that the Assignments of Beneficial Interest (ABI) granted to Su and Redd are “void, invalid, and of no legal effect.” The judgments were entered after Su and Redd failed to respond to the lawsuits served on them. The judgment against Su can be found here and the judgment against Redd can be found here.

December 18, 2014: The Court today entered a default judgment in favor of the Receiver against Ralph Peiris. The judgment is in the amount of $11,457.16. The Receiver will now begin efforts to collect on this judgment. A copy of the order can be found here.

Attention NNU Investors whose Promissory Notes are in APS Accounts: On December 17, 2014, the Court overseeing the receivership of American Pension Services and affiliated entities (APS) held a hearing to consider approval of the APS Receiver’s Proposed Modified Liquidation Plan. Prior to the hearing, the NNU Receiver submitted comments on the APS Receiver’s initial Liquidation Plan requesting significant modifications related to the treatment of NNU Promissory Notes held in APS accounts (“NNU Notes”). A copy of that comment letter can be found here. Specifically, the initial Plan would have valued NNU Notes at the value stated on APS’s books as of April 30, 2014 and would have required NNU Investors to pay a “Loss Allocation” in the amount of 10% of the value of the NNU Notes as a share of the losses that have been discovered in the APS case. The NNU Receiver maintained that the APS-stated valuation should not apply to NNU Notes because prior to the filing of the APS case the NNU Receiver had informed APS that the NNU Notes should be written down to zero. The NNU Receiver maintained that it would be inequitable if NNU Investors with APS accounts were required to pay any Loss Allocation on account of the NNU Notes. After his comments were submitted, the APS Receiver filed her Modified Liquidation Plan. It was unclear from that Plan as to the treatment of NNU Investors – it appeared to provide that NNU Investors would be required to seek revaluation of their NNU Notes and pay a $500 fee for each revaluation request. The NNU Receiver informed the APS Receiver that he would object to this treatment if presented to the Court, and the APS Receiver ultimately determined to further modify the Plan as requested by the NNU Receiver.

We are pleased to report that at the December 17 hearing, the APS receiver represented to the Court that the Final Liquidation Plan will value NNU Notes at zero. This means that NNU Investors who are also APS customers will not be required to pay the 10% Loss Allocation on their NNU Notes. The APS Receiver also represented that the zero valuation will apply automatically, so APS customers holding NNU Notes will not have to individually request a revaluation of their accounts or pay the proposed revaluation $500 fee. The NNU Receiver has agreed to work with the APS Receiver to effectuate the zero valuation of NNU Notes.

The NNU Receiver urges NNU Investors with APS account to check the APS website to determine how the Final Liquidation Plan affects them. www.apsreceiver.com.

December 4, 2014: The Court today issued an order approving the sale of six lots in the Almond Heights subdivision in Toquerville, Utah. Five of the lots are subject to deeds of trust held by others, so the Receivership will receive only a portion of the proceeds from the sales or will hold the proceeds in the real estate reserve account until the validity of the trust deeds have been resolved. A copy of the order can be found here.

December 4, 2014: The Court approved the fee application for the Receiver and his attorneys for the period from July to December 2013. While the entire fee and expense application was approved, the Court ordered the Receiver to hold 20% of the fee amount in reserve until final termination of the Receivership Estate and further approval by the Court. A copy of the order can be found here.

November 26, 2014: The Receiver filed a lawsuit today against Secure American Gold Exchange (SAGE) seeking the return of $112,000 that National Note paid to SAGE as part of a plan to purchase gold from an African source. SAGE’s company charter has expired, but the company holds a judgment against some Florida entities that received National Note’s money. The Receiver hopes to be able to take control of that judgment and obtain more information about the transactions. A copy of the lawsuit can be found here.

November 18, 2014: The Receiver filed a motion today notifying the Court of a preliminary agreement to sell two parcels of industrial land in Byron, Minnesota and asking the Court to approve a plan to conduct an auction to determine whether any other buyers are willing to pay a higher price. At the conclusion of the auction, the property would be sold to the highest bidder. A copy of the motion can be found here.

November 17, 2014: The Court issued an order requiring David VanCampen to pay $1,000 to the Receivership for his failure to respond to a subpoena requesting information about his role in seeking to purchase African gold for Receivership Entities. A copy of the order can be found here.

November 13, 2014: The Court issued an order allowing JP Morgan Chase Bank to intervene in the receivership litigation to pursue its request that the bank be allowed to foreclose on the home where Mr. Palmer is living. The Court set a hearing on December 12, 2014 to consider whether to lift the asset freeze order and allow the bank to pursue foreclosure. A copy of the order can be found here.

November 11, 2014: The Receiver filed his status report for the quarter ending September 30, 2014. A copy can be found here.

November 7, 2014: The Receiver today filed a motion seeking approval to conduct an auction to sell industrial land at 1631 Voll Drive, Byron, Minnesota. The Receiver has accepted an offer of $156,700 for the property. The Receiver plans to hold an auction in December at the property to see if higher offers will be submitted. Bidders wishing to participate in the auction must pre-qualify to bid. A copy of the motion can be found here. The auction procedures are here. The receiver’s declaration in support of the motion is found here. Bidders wanting copies of the appraisals obtained by the Receiver or wanting more information are encouraged to contact the Receiver.

November 7, 2014: The Receiver filed a supplemental notice with the Court describing the results of the third appraisal of the Almond Heights lots. A copy of the notice can be found here.

November 6, 2014: The Court today signed an order approving the sale of the home on Hawthorne Avenue in Middleton, Idaho. A copy of the order can be found here.

November 3, 2014: The Receiver filed a motion today seeking Court approval to sell six lots in the Almond Heights subdivision in Toquerville, Utah. Five of the lots are subject to deeds of trust which will reduce the amount of net sales proceeds for the Receivership Estate. A copy of the motion can be found here.

October 20, 2014: The Receiver sent a letter to the receiver for American Pension Services urging the APS receiver to modify its proposed liquidation plan by adopting a more accurate valuation of National Note assets held in the accounts of APS customers. A copy of the letter can be found here. The exhibits to the letter can be accessed here.

October 15, 2014: The Receiver filed a third fee application for the work performed by the Receiver and his counsel for the period from July 2013 to December 2013. A copy of the fee application can be found here.

October 10, 2014: The Receiver filed a motion today seeking permission to amend the lawsuit filed against KeyBank. The proposed amended lawsuit would add as defendants CitiBank and Elan Financial Services based on information indicating that payments from National Note went to these additional financial institutions. A copy of the motion can be found here.

October 2, 2014: A judge today signed an order compelling Key Bank to produce documents relating to credit card accounts where National Note made payments on the accounts. The judge also denied the bank’s motion for a protective order. The order can be found here.

October 1, 2014: The Court issued an order approving three recent settlement agreements negotiated by the Receiver. A copy of the order can be found here.

October 1, 2014: The Receiver filed a motion seeking Court approval to appoint three appraisers to appraise the Almond Heights property in Toquerville, Utah in connection with offers he has received for the property. A copy of the motion can be found here.

September 30, 2014: The Receiver filed a motion seeking court approval to sell a home in Middleton, Idaho for $76,000, which is 95% of the listed price. A copy of the motion can be found here.

September 26, 2014: The Receiver filed a motion seeking Court approval of three new settlement agreements. One involves settlement of a lawsuit, a second allows cooperation in selling property subject to liens, and the third relates to payment relating to a property sale. A copy of the motion can be found here.

September 25, 2014: The Court entered an order to show cause against David Christopher VanCampen requiring him to submit to a deposition by the Receiver and appear at a hearing to determine whether he should be held in contempt. A copy of the order can be found here.

September 24, 2014: JPMorgan Chase Bank filed a motion to intervene in the Receivership case, seeking to lift the asset freeze so the bank can foreclose on the residence of Wayne Palmer. A copy of the bank’s motion can be found here.

September 22, 2014: The Receiver filed a motion asking the Court to hold a hearing on whether David VanCampen should be compelled to appear and allow the Receiver to take his deposition. A copy of the motion can be found here.

September 5, 2014: The Receiver today filed with the Court notice that the Receiver’s report analyzing the financial condition of National Note has been disclosed to persons the Receiver has sued and is now being made available to investors via the website. The Report includes:

• Financial Report
• Exhibits to the Report
• Appendix and Exhibits to the Financial Report

September 2, 2014: Default Judgment Granted. The Court today granted the Receiver judgment by default in the amount of $22,337.88 against Colt West Perrin. A copy of the judgment can be found here.

September 2, 2014: The Court today approved three settlement agreements entered into by the Receiver. A copy of the order can be found here.

August 28, 2014: The Receiver filed a motion today seeking Court approval of three settlement agreements that will bring $673,000 into the Receivership Estate. A copy of the motion can be found here.

August 28, 2014: The Court issued an order today approving the sale of a home in Kanab which was part of the Receivership Estate. The Court also authorized the Receiver to pay a reduced amount owed to the bank which had a lien on the property. A copy of the order can be found here.

August 25, 2014: On August 13, 2014 the Receiver was served a summons and complaint in a lawsuit filed in Florida by a person whose property includes a lien by National Note. A copy of the lawsuit can be found here. The case was removed to federal court at the request of the IRS. The Receiver notified Thoresen that he needed permission from the Receivership Court in order to sue the Receivership Estate. In response, Thoresen dismissed his lawsuit. The notice of dismissal can be found here.

August 22, 2014: The Receiver filed a lawsuit today against approximately 130 persons who hold assignments of beneficial interest in properties owned by National Note. Close to half of the holders of assignments like this previously released their assignments voluntarily, but since not all assignments have been released, the proceeds from the sales of real estate cannot be made available for distributions to investors. Today’s lawsuit seeks a judicial determination whether these assignments are valid liens against the real estate. A copy of the lawsuit can be found here. A list showing all defendants and the properties on which their assignments were recorded can be found here. The defendants in the lawsuits are invited to release their assignments. The litigation will proceed against all defendants that decide not to release their assignments.

August 20, 2014: The U.S. Securities and Exchange Commission has filed a motion to postpone the trial date of Wayne Palmer in order to take the depositions of his attorneys. A copy of the SEC’s motion can be found here.

August 19, 2014: The Court signed an order approving the settlement with the True Kirk Trust, including the transfer of the Twin Pines property to the Kirk Trust and payment to the Receivership of approximately $200,000. A copy of the order can be found here.

August 18, 2014: The Receiver filed a motion seeking approval of a settlement agreement he reached with the True Kirk Trust relating to the Twin Pines apartment building in Brigham City, Utah. The agreement, if approved, will result in the Receivership receiving approximately $200,000 and the property being transferred to the Kirk Trust. A copy of the motion can be found here.

August 18, 2014: The Court today signed an order approving the sale of one of the homes owned by the Receivership Estate in Middleton, Idaho. A copy of the order can be found here.

August 13, 2014: The Receiver filed a motion today seeking Court approval to sell a cabin located in Kanab, Utah. A copy of the motion can be found here.

August 12, 2014: The Receiver has received an offer for the cabin property in Kanab, UT held in the Receivership Estate. The offer requires that it be closed within a very short window, so the Court today approved the appointment of two additional appraisers and publication of notice. The Receiver expects to file his motion describing the sale and asking Court approval of the sale within the next few days. Additional offers for this cabin are invited.

August 6, 2014: Default Judgment Granted. The Court today granted the Receiver judgment by default in the amount of $6,269.17 against Barbara Hoaglin. A copy of the judgment can be found here.

August 4, 2014: The Court issued an order today denying the motion filed by a group of approximately 20 defendants to consolidate their cases before a single judge. A copy of the order can be found here.

July 28, 2014: The Receiver filed a motion today seeking approval of a settlement agreement with Reed Larsen and three companies controlled by him. A copy of the motion can be found here.

July 25, 2014: The Receiver filed a status report today covering the period from April 1, 2014 through June 30, 2014. A copy of the Report can be found here.

July 25, 2014: The Court today granted the Receiver default judgment against Richard Schutte in the amount of $26,498.63. A copy of the judgment can be found here.

July 16, 2014: An insolvency expert issued his report today explaining the basis for his opinion that during the entire period he examined (from 2004 to 2012), National Note was insolvent. A copy of the insolvency report can be found here.

July 11, 2014: Default Judgment Granted. The Court today granted the Receiver judgment by default in the amount of $13,730.42 against Jim Sandberg. A copy of the judgment can be found here.

July 9, 2014: The court today entered a default judgment for the Receiver against Timothy and Kellie McKenna. The judgment orders them to pay $16,465.20 and declares that the “assignment of beneficial interest” in real estate owned by National Note is void. A copy of the order can be found here.

July 9, 2014: At a court hearing today on the SEC’s motion for summary judgment against Mr. Palmer, Mr. Palmer asked the Court to let him present his evidence at trial. The Court set a trial date for September 23, 2014 at 9:30 a.m. Because the Court set a trial date, it denied the SEC’s motion for summary judgment.

July 9, 2014: The Court today approved the fee application for the Receiver and his counsel for the period from January through June 2013. A copy of the order can be found here.

July 9, 2014: Following a hearing, the court approved the sale of the remaining two building lots in the Autumn Ridge subdivision in Eagle Mountain, Utah. A copy of the order can be found here.

July 7, 2014: Default Judgment Granted. The Court today granted the Receiver judgment by default in the amount of $437,894.59 against Thomas Schultz. A copy of the judgment can be found here.

July 7, 2014: The Court today issued an order requiring Wayne Scholle to appear at a hearing on August 4, 2014 to show cause why he should not be held in contempt of court. A copy of the order can be found here.

July 2, 2014: ABI Default Judgment Granted. The Court today entered a default judgment finding that the assignment of beneficial interest issued to Sherman and Carla Mehlhoff is “void, invalid, and of no legal effect.” A copy of the judgment can be found here.

July 2, 2014: The Receiver filed an amended complaint against Innovative Services, Sawtell Capital, and Michael Memmott. The amended complaint seeks recovery of an additional $160,000 that the Receiver identified as having been paid to others for the benefit of Sawtell and Memmott. A copy of the amended complaint can be found here.

July 2, 2014: The Receiver filed a motion with the Court notifying the Court that Wayne Scholle had not complied with a prior order entered by the Court and asking the Court to hold a hearing to determine whether to hold Mr. Scholle in contempt of court. A copy of the motion can be found here.

July 1, 2014: The Court entered an order today approving the sale of Autumn Ridge Lot #2. A copy of the order can be found here.

June 30, 2014: The Receiver filed a lawsuit against Cedric and Cynthia Johnson, seeking the return of $203,797.83 in false profits and a declaration that the assignments of beneficial interest held by the Johnsons in several properties were not valid liens on those properties. A copy of the lawsuit can be found here.

June 26, 2014: The Receiver filed a motion seeking approval to sell the home located on 1st Avenue in Middleton, Idaho. The proposed sale is for $105,000. A copy of the motion can be found here. The Court has set a hearing on this sale for August 4, 2014 at 10:30 a.m.

June 24, 2014: Wayne Palmer asked the Court to postpone the scheduled hearing on the SEC’s motion for summary judgment that had been scheduled for June 26. The Court granted his request and the hearing has been reset for July 9, 2014 at 1:30 p.m. A copy of the motion can be found here and the Court’s order can be found here.

June 16, 2014: The Court today approved eight settlement agreements that had been negotiated by the Receiver. A copy of the order approving the settlements can be found here.

June 16, 2014: The Court today authorized the Receiver to publish notice of the proposed sale of Autumn Ridge lots 16 and 39. Notice will be published in newspapers in Salt Lake and Utah County. A copy of the order can be found here.

June 13, 2014: The Court set a hearing date to consider the Receiver’s motion to sell Autumn Ridge lots 16 and 39. The hearing will be on July 8, 2014 at 10:30 a.m.

June 11, 2014: The Receiver filed a motion today seeking court approval to sell the remaining two building lots in the Autumn Ridge subdivision in Eagle Mountain, Utah. If approved by the Court, the lots will be sold for $39,900 each. A copy of the motion can be found here.

June 11, 2014: The court hearing at which the judge will consider the SEC’s motion for summary judgment against Wayne Palmer has been postponed to Friday, June 27 at 10:00 a.m. The motion to approve the sale of Autumn Ridge Lot #2 and a motion by an attorney for a group of defendants seeking the transfer of cases will also be heard on June 27.

June 9, 2014: An attorney who represents defendants in 23 different lawsuits filed by the Receiver filed a motion seeking to transfer those 23 lawsuits to a single judge. The Receiver filed his response, explaining he does not oppose the transfer, subject to the need to comply with court rules on any transfer. A copy of the Receiver’s response can be found here.

June 9, 2014: The Receiver filed a motion seeking approval of eight new settlement agreements signed by the Receiver during the prior two months. A copy of the Receiver’s motion, including a description of the eight settlement agreements, can be found here.

May 30, 2014: The Receiver filed a motion today asking the Court to order two Utah law firms to return $10,000 to the Receivership Estate. The motion alleges that after the Receiver was appointed, a borrower who owed money to National Note paid $10,000 to the law firms and that the law firms used that money for the legal defense of Wayne Palmer, when the monies should have been paid to the Receivership Estate as a payment on the loan owed to National Note. A copy of the Receiver’s motion can be found here.

May 14, 2014: The Court today issued an opinion denying the motion to dismiss filed by Glendale Eaton and the Eaton Living Trust. Eaton had argued that the Receiver lacked personal jurisdiction over him since he lives in Texas and that the Receiver’s lawsuit faled to sufficiently state a claim against Eaton. The Court’s opinion rejects all the arguments by Eaton and holds that he is subject to litigation in the federal court in Utah. A copy of the opinion can be found here.

May 13, 2014: The Court today approved the Receiver’s request to publish notice of a proposed sale of a building lot in the Autumn Ridge subdivision in Eagle Mountain, Utah. A copy of the notice can be found here.

May 9, 2014: The Receiver has filed a motion seeking Court approval to hire Lone Peak Valuation Group as an insolvency expert and to provide an opinion on the valuation of assets held by National Note. A copy of the motion can be found here. The Court has set a hearing on this motion for May 26, 2014 at 10:30 a.m.

May 2, 2014: The Receiver filed a motion today asking the Court for permission to sell one of the three building lots in the Autumn Ridge development that remain in the receivership estate. The proposed sale is for $39,900, a price 20% higher than the average appraised values. A copy of the motion can be found here.

April 28, 2014: The Court today approved the sale of Autumn Ridge Lot #3 for $39,900. A copy of the order approving the sale can be found here.

April 24, 2014: The Receiver has learned that the U.S. Securities and Exchange Commission filed suit against American Pension Services (APS) and its owner. The SEC’s lawsuit alleges that APS violated the securities laws by misappropriating customer funds, making unauthorized investments, and inflated asset values. At the request of the SEC, the federal court froze all assets of APS and appointed a receiver over APS. The APS receiver has established a website with information about the APS receivership at www.apsreceiver.com . The website includes answers to frequently asked questions, a copy of which can be found here. Documents relating to the SEC’s lawsuit against American Pension Services have been made public. A copy of the SEC’s lawsuit against APS can be found here. The Court order appointing a receiver can be found here.

April 24, 2014: The Receiver filed a status report today covering the period from January 1, 2014 to March 31,2014. A copy of the report can be found here. Exhibit B, describing the status of property sales, can be found here.

April 23, 2014: The Receiver filed suit against Michelle Turpin, a Salt Lake City attorney, seeking the return of $88,135.37 paid to her by National Note. The Receiver believes that some or all of the payments to Turpin were for services she provided to persons other than National Note. A copy of the lawsuit filed today can be found here.

April 22, 2014: Wayne Palmer’s attorney filed a motion to withdraw as counsel for Mr. Palmer. A copy of his motion can be found here. The Court set a hearing for May 19 on this motion and set a hearing on June 16 to hear arguments on the SEC’s motion for summary judgment against Mr. Palmer.

April 17, 2014: The Receiver filed an application today seeking Court approval to pay his fees and the fees of his counsel for the six-month period from January 1, 2013 to June 30, 2013. A copy of the fee application can be found here.

April 14, 2014: The Court issued an order today approving the appointment of three appraisers for the two homes in Middleton, Idaho. A copy of the order can be found here.

April 4, 2014: The Receiver filed a motion asking the Court to appoint three appraisers for two homes in Middleton, Idaho that are in the Receivership Estate. These appraisals will help the Receiver set a price to sell the two homes. A copy of the motion can be found here.

April 3, 2014: Default Judgment Granted. The Court today granted the Receiver judgment by default in the amount of $60,246.58 against Harry and Helen Cousins. A copy of the judgment can be found here.

March 28, 2014: The Court today approved the publication of notice of the planned sale of Autumn Ridge lot #3. The Court set a hearing for April 25, 2014 to consider the sale. A copy of the motion can be found here.

March 28, 2014: The Receiver filed a motion today seeking approval to hire a third appraiser for the Elkhorn Ridge lots near Malad, Idaho. Obtaining a third appraisal is designed to streamline the process of selling lots at Elkhorn. A copy of the motion can be found here.

March 26, 2014: The Receiver filed a motion today seeking Court approval to sell one of the building lots at the Autumn Ridge subdivision in Eagle Mountain, Utah. The sale would be for $39,900. This is 16% higher than the appraised value. A copy of the motion can be found here.

March 14, 2014: The Court entered a default judgment against Doug Wells and the C&O Wells Trust in the amount of $99,358.79. A copy of the default judgment can be found here.

March 14, 2014: The Court today issued an order approving seven settlement agreements recently negotiated by the Receiver. A copy of the order can be found here.

March 12, 2014: The SEC filed a brief on February 28, 2014, opposing Palmer’s motion to stay the SEC proceedings. A copy of the SEC’s filing can be found here. Palmer filed his reply on March 12, 2014. A copy of Palmer’s reply can be found here.

March 10, 2014: The Receiver filed a motion today seeking Court approval of seven settlement agreements entered into in the recent past. A copy of the motion can be found here.

February 28, 2014: The Court today approved a settlement that the Receiver negotiated with American West Bank in which the bank will pay $70,000 to the Receivership Estate. The payment is to compensate the receivership estate for an interest it held in a company whose property was foreclosed by the bank. A copy of the order approving the settlement can be found here.

February 19, 2014: The Court denied a renewed motion by Leon Harward to intervene in the Receivership litigation. The order followed a hearing that the Court held on February 14, 2014. A copy of the Court order can be found here.

February 18, 2014: Palmer’s attorneys filed a renewed motion seeking to stay the civil proceedings brought by the SEC against Palmer. A copy of the motion can be found here.

February 4, 2014: The Receiver filed the status report for the quarter ending December 31, 2013. A copy of the report can be found here. The exhibits to the report can be found here Exhibit A, Exhibit B, and Exhibit C.

January 23, 2014: The Court approved a settlement agreement between the Receiver and Barclay Associates, the lender holding a lien on most of the Riverbend property in Middleton, Idaho. Pursuant to the agreement, Barclay will take title to the property, but agrees to assert no claims against the Receivership Estate for any deficiency in the amounts owed on the loan. A copy of the Court order can be found here.

January 23, 2014: The federal public defender’s office filed a motion today asking the Court to put the SEC’s lawsuit against Palmer on hold. A copy of that motion can be found here.

January 13, 2014: The Receiver filed his opposition to the renewed motion by Leon Harward to be able to intervene in the Receivership litigation. A copy of the Receiver’s filing can be found here.

January 6, 2014: The Court today signed an order approving 18 settlement agreements negotiated by the Receiver. A copy of the Court order can be found here.

January 3, 2014: The Receiver filed a motion today seeking court approval of 18 preliminary settlement agreements. These agreements will bring a little more than $200,000 into the Receivership Estate and resolve lawsuits filed by the Receiver. A copy of the Receiver’s motion can be found here.