Defendants Brent Carson Kovar and Pleasure Irene Kovar stand accused of operating Revenue Join, which the SEC alleges was a $12 million greenback Ponzi scheme.
Current filings counsel the Kovars don’t intend to place up a battle.
On July twenty first the SEC filed a stipulation requesting an upcoming July twenty sixth preliminary injunction listening to be rescheduled.
On July twenty third the court docket granted the stipulation, rescheduling the preliminary injunction listening to to August ninth.
The beforehand granted TRO has been prolonged till the August ninth listening to date.
The court docket’s order has additionally appointed Geoff Winkler of American Fiduciary Companies LLC as Non permanent Receiver of Revenue Join.
That ruling is efficient instantly, putting Revenue Join and related corporations below management of the Non permanent Receiver.
The primary job of the Non permanent Receiver will likely be to take a full accounting of Revenue Join and put together a monetary report.
To that finish the Kovars have been ordered to cooperate with the Non permanent Receiver and supply any requested info.
With respect to their very own property, the Kovars
shall put together and ship to the SEC an in depth and full schedule of all of their private property, together with all actual and private property exceeding $5,000 in worth, and all financial institution, securities, and different accounts recognized by establishment, department deal with and account quantity.
The accounting shall embody an outline of the sources of all such property.
Mutual restricted expedited discovery has additionally been granted, permitting the events to conduct depositions and file discovery subpoenas.
I’ve scheduled our subsequent case docket calendar verify for August tenth.
Replace twenty fifth December 2021 – The Kovars have settled with the SEC.