Final month we coated the Jason and Eunjung Cardiff’s try to have FTC proceedings towards them stayed, pending a since withdrawn enchantment towards the sale of their home.
The Cardiffs additionally argued “they weren’t afforded due course of”, and had a complain about most of their motions being denied.
The court docket disagreed and denied the Cardiffs’ keep request.
When you’ve been following the Redwood Scientific Case the newest order shouldn’t come as a shock.
Certainly the Cardiffs’ makes an attempt to stall regulatory proceedings attracted pointed commentary from the FTC.
The opposite main submitting within the case is a Might twenty ninth present trigger movement by the FTC.
The FTC alleges defendant Jacques Poujade “stubbornly continues to violate” court docket orders.
At difficulty is Poujade “producing sure paperwork” by a November 2019 deadline.
The Court docket required Poujade to supply “all communications of any kind” involving Jason Cardiff, Eunjung Cardiff, Poujade, and sure enterprise associates.
As a substitute of complying, Poujade filed a meritless interlocutory enchantment and individually filed motions to remain which had been denied by each this Court docket.
Up to now Poujade has failed to supply the requested paperwork, that means beforehand granted financial sanctions are enforceable.
Poujade filed opposition to the FTC’s December twenty ninth movement on June fifth.
In his opposition Poujade’s lawyer claims Poujade has been denied a possibility to problem the FTC’s request for data. He additionally claims a beforehand granted contempt order towards Poujade is “faulty”.
Choose Otero’s faulty order discovering Mr. Poujade in contempt is a remaining judgment on the one matter regarding Mr. Poujade that’s earlier than the Court docket
That order has been appealed within the Ninth Circuit, with Poujade’s lawyer arguing the enchantment takes the difficulty out of the Californian District Court docket’s jurisdiction.
An included FTC communication to Poujade’s lawyer (cited in Poujade’s objection), supplies perception into why the FTC is within the requested data.
Are you telling me that Jacques Poujade won’t ask his brother, who has been transferring him a whole bunch of hundreds of {dollars} from Pharmastrip, to make his financial institution data accessible for inspection?
Poujade’s lawyer frames the FTC’s request as harassment. Trying on the greater image, it seems to be a part of the FTC’s efforts to piece collectively the movement of cash in corporations tied to the Cardiffs.
Someplace in there may be in all probability additionally proof of Poujade helping the Cardiffs with injunction violations, which is the suspected cause Poujade hasn’t complied.
That’s supported by paperwork Poujade has allegedly already offered to the FTC, that exposed
different accounts that allowed the FTC to hint TPI funds that had been ultimately used as a mortgage to Jason Cardiff.
That’s simply the tip of the $1.56 million CAD iceberg.
Pending a ruling on the FTC’s present trigger movement, keep tuned.
The opposite information within the Redwood case is the scheduling of a December 1st, 2020. This was a part of the order denying the Cardiffs’ keep request.