The Site visitors Monsoon Receivership has secured default judgments in opposition to promoters Ernest “Ernie” Ganz and David Barker.
Collectively, the pair of scammers are up for $953,195.
With respect to Ernie Ganz (proper), the courtroom accepted as undeniable fact that he stole $448,051 from Site visitors Monsoon victims.
Ganz has failed to seem, plead, or file a solution on this motion.
The time allowed by regulation for Ganz to plead or reply has expired.
On December twenty third default judgment was entered in opposition to Ganz, comprising of
- $448,051 in clawback;
- $87,864 in prejudgment curiosity; and
- $4907 in further prejudgment curiosity.
The Receiver can also be entitled to gather postjudgment curiosity till Ganz pays the above quantities.
David Barker (proper) had comparable findings in opposition to him, having stolen $340,418 from Site visitors Monsoon victims.
Barker has failed to seem, plead, or file a solution on this motion.
The time allowed by regulation for Barker to plead or reply has expired.
Barker’s $540,824 default judgment quantity is made up of
- $340,418 in clawback;
- $68,224 in prejudgment curiosity; and
- $3728 in further prejudgment curiosity.
Not like Ganz, Barker doesn’t seem to have had a further postjudgment curiosity penalty awarded in opposition to him.
The Receiver filed go well with in opposition to a number of high Site visitors Monsoon net-winners in April 2019. Ganz’s and Barkers’ judgments are the primary case resolutions.
Clawback proceedings in opposition to particular person defendents Imtiaz Aslam, Piotr Chajkowski, Vincent Boutin, Maurizio Longo, Mohammed Yasn, Adil Khan, Javediqbal Naeem and Sharon James continues.
Earlier this month the SEC secured a $2.5 million default judgment in opposition to Site visitors Monsoon proprietor Charles Scoville.