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Receiverships

A Receivership is a process whereby an independent Receiver is appointed by the Court and is charged with preserving and liquidating the assets of the Defendants and the Relief Defendants. Thompson & Knight attorneys have been appointed as Receiver and represent the Receiver in several high-profile Securities and Exchange Commission (SEC) enforcement actions.

Overview

A Receivership is a process whereby an independent Receiver is appointed by the Court and is charged with preserving and liquidating the assets of the Defendants and the Relief Defendants. The Receiver also analyzes the claims against those assets. Thompson & Knight attorneys have been appointed as Receiver and represent the Receiver in several high-profile Securities and Exchange Commission (SEC) enforcement actions, such as SEC v. Millennium Bank, et al.; SEC v. Thurman P. Bryant, III, et al.; SEC v. Stanford International Bank Ltd., Robert Allen Stanford, et al.; and SEC v. Provident Capital Indemnity, Ltd., Minor Vargas Calvo, Jorge L. Castillo, and Desarrollos Comerciales Ronim, S.A.

Experience

  • Court-appointed receiver in the SEC enforcement action SEC v. Bryant, et al., pending in the United States District Court for the Eastern District of Texas, involving a $22.7 million mortgage investment Ponzi scheme (https://bucfreceivership.tklaw.com)
  • Court-appointed receiver in the SEC enforcement action SEC v. Provident Capital Indemnity, Ltd., Minor Vargas Calvo, Jorge L. Castillo, and Desarrollos Comerciales Ronim, S.A., in the United States District Court for the Eastern District of Virginia, involving a $200 million international securities fraud scheme
  • Court-appointed receiver in the SEC enforcement action SEC v. Millennium Bank, et al., involving a $120 million international Ponzi scheme (https://millenniumbankreceivership.tklaw.com/)
  • Counsel for Ralph S. Janvey, the court-appointed receiver, in the SEC enforcement action SEC v. Stanford International Bank Ltd., Robert Allen Stanford, et al., involving an $8 billion international Ponzi scheme