The SEC is searching down John Barksdale to serve him a duplicate of their $124 million civil lawsuit.
Along with the SEC’s civil motion, Barksdale (proper) has been indicted on Ormeus World associated costs.
A March eighth press-release issued by the DOJ states
JOHN ALBERT LOAR BARKSDALE was arrested overseas on conspiracy, securities fraud, and wire fraud costs.
An April 18th SEC submitting nevertheless has launched uncertainty as to Barksdale’s present standing.
It was assumed that following his claimed arrest in Thailand, Barksdale (proper) would stay in custody pending extradition to the US.
Right here’s the SEC on their efforts to impact service on Barksdale;
As a part of its efforts to find out an tackle at which to serve Mr. Barksdale, the Fee has retained native counsel to research his whereabouts, and is ready to aim service of course of.
As a result of publicly disclosing info concerning Mr. Barksdale’s potential whereabouts may adversely have an effect on regulation enforcement pursuits, the Fee respectfully requests that each one paperwork associated to the service of course of on Mr. Barksdale be filed below seal.
The SEC’s use of native counsel to find Barksdale and impact service suggests he’s not in custody. In any other case certainly all that’s required can be a visit to the native jail?
The SEC’s April 18th movement sought to adjourn a beforehand scheduled April twenty fifth standing convention. As above, the submitting additionally seeks permission to file paperwork pertaining to Barksdale’s service below seal.
The courtroom granted each requests on April nineteenth.
Service of Barksdale’s sister, Jonatina (proper), can be detailed within the SEC’s submitting.
Jonatina L. Barksdale is believed to reside in Thailand. She has not been criminally charged.
The SEC emailed Jonatina copies of case related paperwork on March thirtieth. On the time the SEC requested a bodily tackle.
On April 14, 2022, Ms. Barksdale responded, indicating that the Fee’s e-mail had been directed to her spam folder and that she would search counsel and reply to the Fee.
Whereas the SEC awaits additional communication from Jonatina, the regulator states it additionally ” plans to hunt help by diplomatic channels.
The courtroom’s April nineteenth order offers the SEC till June seventeenth to impact service, failing which the regulator will present a standing replace.
Any additional filings with respect to John Barksdale shall be made below seal. Any filings pertaining to service on Jonatina ought to be public.
I’ll proceed to observe the docket for updates.
Replace seventeenth July 2022 – On June seventeenth the SEC requested permission to serve Jonatina Barksdale by way of e-mail.
The SEC’s movement was granted on June twenty eighth. On July 1st the SEC confirmed service of Jonatina by way of e-mail.
No updates on John Barksdale’s felony case docket.
Replace 1st September 2022 – John Barksdale, nonetheless needed by US authorities, has turned up in Dubai.
In August 2022, the SEC filed for a Certificates of Default towards each Barksdale defendants.