Default judgment has been granted in opposition to EmpiresX founders Emerson Pires and Flavio Goncalves.
Respective orders in opposition to the 2 scammers, each of whom have fled to Brazil, have been filed on December seventh.
It’s presently unclear on what default judgment in opposition to Pires and Goncalves means within the EmpiresX civil class-action.
BehindMLM discovered of the class-action again in August. Distinctive to the case is the appointment of a Receiver, who has been put answerable for the EmpiresX belongings Pires and Goncalves left behind.
This has thrown a spanner within the works of each the SEC’s and CFTC’s respective EmpiresX proceedings.
In October each instances have been stayed pending the result of service through the Hague Conference. The method is anticipated to take round six months.
As per a November thirtieth Fifth Standing Report from the class-action Receiver, each the SEC and CFTC are nonetheless
take into account(ing) how (they) will proceed in opposition to Empires Consulting given the appointment of the Receiver.
And all of that is on high of felony fees introduced by the DOJ.
In associated information, Excell Auto Finance was denied a Movement to Intervene on December seventh.
Excell Auto Finance’s movement stems from a dispute over a seized Ferrari.
That is from the Receiver’s Fifth Standing Report;
On or October 17, 2022, the Receiver recognized a Ferrari … that’s titled within the title of 2U Enterprise Consulting & Expertise Corp. (“2U Enterprise”).
2U Enterprise is an entity owned by Defendant Flavio Mendes Goncalves.
As an entity owned by the Defendant, 2U Enterprise’s belongings are the topic of the asset freeze imposed by the Receivership Order.
For the reason that identification of the Ferrari, the Receiver has seized the automobile (which required incurring a service price to get the automobile in working situation), and has positioned the automobile in storage.
The automobile is believed to be valued in extra of $215,000. The Receiver is soliciting bids for the sale of car for its liquidation.
On October 25, 2022, the Receiver discovered that Columbus Day Finance contends that it has a lien on the aforementioned Ferrari within the approximate quantity of $127,000.
Excell Auto Finance and Columbus Day Finance are the identical entity.
Excell Auto Finance, LLC n/ok/a as Columbus Day Finance has filed a Movement for Go away to Intervene in search of to asset a declare to the Ferrari.
That movement is the one which was denied on December seventh.
Pending updates from the EmpiresX Receiver, SEC and/or CFTC, we’ll maintain you posted.