Securities and Exchange Commission v. World Capital Market Inc. et al
| Securities and Exchange Commission |
| Aeon Operating, Inc., Kingdom Capital Market, LLC, Manna Holding Group, LLC, Manna Source International, Inc., PMX Jewels, Ltd., WCM Resources, Inc., WCM777 Inc., WCM777 Ltd., World Capital Market Inc. and Ming Xu |
| Vincent Messina |
| Krista L Freitag |
| 2:2014cv02334 |
| March 27, 2014 |
| US District Court for the Central District of California |
| Christina A. Snyder |
| Michael R. Wilner |
| Securities/Commodities |
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Available Case Documents
The following documents for this case are available for you to view or download:
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Filing
590
ORDER DISCHARGING RECEIVER AND CLOSING RECEIVERSHIP 589 by Judge John F. Walter. The Receiver's Final Declaration is approved. The receivership is closed. Jurisdiction over all disputes, claims, and causes of action arising from or relating to this receivership case is reserved in this Court. SEE ORDER FOR DETAILS. Case Terminated. Made JS-6. (iv)
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Filing
572
FINAL JUDGMENT AS TO DEFENDANTS WORLD CAPITAL MARKET, INC.; WCM777, INC.; AND WCM777, LTD. DBA WCM777 ENTERPRISES, INC.; AND RELIEF DEFENDANTS KINGDOM CAPITAL MARKET, LLC; MANNA HOLDING GROUP, LLC; MANNA SOURCE INTERNATIONAL, INC.; WCM RESOURCES, INC .; TOPACIFIC INC., AND TO PACIFIC INC. 571 by Judge John F. Walter. IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendants are permanently restrained and enjoined from violating, directly or indirectly, Section 10(b) of the Securities Excha nge Act of 1934 [15 U.S.C. 78j(b)] and Rule 10b-5 promulgated thereunder [17 C.F.R. 240.10b-5], by using any means or instrumentality of interstate commerce, or of the mails, or of any facility of any national securities exchange, in connection with the purchase or sale of any security. SEE ORDER FOR DETAILS. (iv)
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Filing
525
FINAL JUDGMENT AS TO RELIEF DEFENDANT PMX JEWELS, LTD by Judge John F. Walter. IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Relief Defendant PMX Jewels, Ltd., is liable for disgorgement of $1,300,000 representing illgotten gains it received from the Defendants fraudulent conduct and to which it has no legitimate claim. Relief Defendant PMX Jewels, Ltd. shall satisfy this obligation by paying $1,300,000 to the Permanent Receiver, Krista J. Freitag, pursuant to the terms of this Court Order Granting Plaintiff Securities and Exchange Commission Motion for Order of Disgorgement from Relief Defendant PMX Jewels, Ltd. (Dkt. No. 285 ). (jp)
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Filing
516
JUDGMENT AS TO DEFENDANTS WORLD CAPITAL MARKET, INC.; WCM777, INC.; AND WCM777, LTD. DBA WCM777 ENTERPRISES, INC.; AND RELIEF DEFENDANTS KINGDOM CAPITAL MARKET, LLC; MANNA HOLDING GROUP, LLC; MANNA SOURCE INTERNATIONAL, INC.; WCM RESOURCES, INC.; TOP ACIFIC INC., AND TO PACIFIC INC. by Judge John F. Walter. IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendants are permanently restrained and enjoined. FURTHER ORDERED, ADJUDGED, AND DECREED that Defendants are liable for disgorgement of $ ;80,791,021, representing profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $7,002,363.02, for a total of $87,793,384.02. The Receiver shall collect, hold, and disburse such funds as can be recovered in an effort to satisfy all or part of this disgorgement amount. (jp)
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Filing
299
FINAL JUDGMENT AS TO RELIEF DEFENDANTS VINCENT J. MESSINA AND INTERNATIONAL MARKET VENTURES by Judge John F. Walter: IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Relief Defendant Vincent J. Messina is liable for disgorgement of $5,000,000 re presenting ill-gotten gains he received from the Defendants' fraudulent conduct and to which he has no legitimate claim. Relief Defendant Vincent J. Messina shall satisfy this obligation by paying $5,000,000 to the Permanent Receiver, Krist a J. Freitag, pursuant to the terms of this Court's Order Granting Plaintiff Securities and Exchange Commission's Motion for Order of Disgorgement from Relief Defendants Vincent J. Messina and International Market Ventures. IT IS HEREBY FUR THER ORDERED, ADJUDGED, AND DECREED that Relief Defendant International Market Ventures is jointly liable with Relief Defendant Vincent J. Messina for disgorgement of $941,505 of the $5,000,000, which amount represents that portion of the & #036;5,000,000 that International Market Ventures received from Vincent J. Messina and to which International Market Ventures has no legitimate claim. Relief Defendant International Market Ventures shall satisfy this obligation by paying $941,50 5 of any portion of the $5,000,000 not paid by Vincent J. Messina to the Permanent Receiver, Krista J. Freitag, pursuant to the terms of this Court's Order Granting Plaintiff Securities and Exchange Commission's Motion for Order of Disgorgement from Relief Defendants Vincent J. Messina and International Market Ventures. See document for further details. (gk)
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Filing
252
POST-HEARING FINDINGS OF FACT AND CONCLUSIONS OF LAW signed by Judge John F. Walter that: (1) Vincent Messina does not have a legitimate claim to the $5 million that he received from ToPacific Inc.; and (2) IMV does not have a legitimate claim t o $941,505 of the funds that it received from Vincent Messina. Given the limited scope of the evidentiary hearing, the Court makes no findings or conclusions with respect to whether those funds were proceeds of the fraud or whether those funds should be disgorged. (jp)
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Filing
124
JUDGMENT AS TO DEFENDANT MING XU a/k/a PHIL MING XU by Judge John F. Walter. IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant and Defendants agents, servants, employees, attorneys, and all persons in active concert or participation with the m who receive actual notice of this Judgment by personal service or otherwise are permanently restrained and enjoined. FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Judgment. There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, the Clerk is ordered to enter this Judgment forthwith and without further notice. (jp)
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Filing
33
PRELIMINARY INJUNCTION, APPOINTMENT OF A PERMANENT RECEIVER, AND RELATED ORDERS by Judge Christina A. Snyder: IT IS ORDERED that Defendants World Capital Market Inc., WCM777 Inc., WCM777 Ltd. d/b/a WCM777 Enterprises, Inc., and Ming Xu a/k/a Phil Min g Xu, and their officers, agents, servants, employees, attorneys, subsidiaries and affiliates, and those persons in active concert or participation with any of them who receive actual notice of this Order, by personal service or otherwise, and each o f them, be and hereby are preliminarily restrained and enjoined, etc. Order for immediate freeze on all monies and assets. Order that Krista L. Freitag of E3 Realty Advisors, Inc.is appointed as permanent receiver of Defendants World Capital Market I nc.,WCM777 Inc., and WCM777 Ltd. d/b/a WCM777 Enterprises, Inc., and ReliefDefendants Kingdom Capital Market, LLC; Manna Holding Group, LLC; Manna Source International, Inc.; WCM Resources, Inc.; and their subsidiaries and affiliates. Order that no bond shall be required in connection with the appointment of the permanent receiver. See document for further details. (gk)
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