On April 1, 2016, David P. Stapleton was appointed by the United States District Court for the Eastern District of California to serve as Receiver with certain roles identified in the Order Appointing Receiver. The United States Securities and Exchange Commission sought the appointment of a Receiver in order to protect and preserve assets supposedly belonging to the Receivership Estate.
The Receiver will provide updates as they become available. At this time, the Receiver is working on an Initial Report to update you on his takeover of the Receivership Estate and any relevant findings to date.
Please report back to this website periodically to stay apprised of events of the receivership estate.