U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

Jordan Enterprises LLC, et al.

On January 13, 2003, the SEC filed a Complaint against Leon Jordan II, Jordan Enterprises, LLC, Jordan Holdings, LLC, Raymond Brown, and Ray Brown & Associates. The SEC alleged that the defendants, since December 2001, fraudulently raised hundreds of thousands of dollars by offering unwitting individuals and entities seeking venture capital the opportunity, for a fee, to receive proceeds from bond offerings that did not exist.

On January 14, 2004, the Court entered Final Judgments against the defendants, holding them jointly and severally liable for disgorgement and prejudgment interest. The Court also ordered the defendants to transfer cash, and certain real and personal property to a fund for distribution to defrauded investors.

On October 28, 2004, the Court appointed Richard Weissman as Distribution Agent to take control of the disgorged assets and determine the lawful claims against the defendants based on the violations in the SECís action. For more information about the SECís action, you can read Litigation Release Nos. 17925 and 18583.

In July 2006, the Distribution Agent made the only distribution to eligible claimants in the amount of $561,752.17.

If you have any questions, comments, or information relating to the SEC's action or the distribution plan, please contact the Distribution Agent, Richard Weissman, Esq., at:

5959 Topanga Canyon Boulevard
Suite 255
Woodland Hills, CA 91367
Phone: (818) 226-5434



Modified: 12/08/2006