U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 21385 / January 20, 2010

SEC v. One Equity Corp., et al., Civil Action No. 2:08-CV-667 (S.D. Ohio)

UPDATE FOR INVESTORS — COURT APPROVES APPLICATION OF RECEIVER FOR ONE EQUITY COMPANIES TO ESTABLISH PROOF OF CLAIMS NOTICE AND PROCEDURE

The Securities and Exchange Commission announced today that, on January 8, 2010, the Honorable Edmund A. Sargus, Jr., United States District Court Judge for the Southern District of Ohio, issued an Order approving the Court Appointed Receiver’s Application to Establish Proof of Claims Notice and Procedure. Investors who believe they may have a claim against any of the entities subject to the receivership proceeding must follow the instructions in the Notice of Bar Date to File Claim and submit a completed Proof of Claim form to the Receiver. ELIGIBLE CLAIMANTS MUST SUBMIT THE PROOF OF CLAIM FORM TO THE RECEIVER NO LATER THAN MARCH 10, 2010.

On July 10, 2008, the Commission filed a civil action in the United States District Court for the Southern District of Ohio charging One Equity Corporation, Triangle Equities Group, Inc., Victory Management Group, Inc., Dafcan Finance, Inc. (collectively, the One Equity Companies), and others with operating a fraudulent stock-based loan program. On July 17, 2008, Judge Sargus ordered the appointment of attorney Frederick L. Ransier as Receiver over the One Equity Companies.

For more information, see Litigation Release Nos. 21234 (October 1, 2009), 20716A (September 15, 2008), 20643 (July 14, 2008), and 20652 (July 22, 2008).

See Also: Claims Materials

 
http://www.sec.gov/litigation/litreleases/2010/lr21385.htm

Last modified: 1/20/2010