Net World Marketing, Inc
On November 7, 2000, the SEC obtained temporary restraining orders, asset freezes, and other emergency relief against Net World Marketing, Inc. and several other defendants. The SEC alleged the defendants fraudulently raised $1.3 million from over 1,000 investors by selling unregistered securities of microcap companies by various means, including the Internet. You can read a more detailed description of the SEC's action at Litigation Release No. 16794 (Nov. 8, 2000).
The Court appointed Roger N. Walter as Receiver. The Receiver sent Notices and Claim Forms to 596 investors in Net World Marketing, but only 165 investors responded. On September 8, 2004, the Court approved the distribution plan proposed by Mr. Walter as well as the notice to all Net World investors. The plan calls for a pro rata distribution to eligible Net World investors. The Receiver expects to return almost 50 percent of their investment to the 165 investors.
Any Net World investor objecting to the plan of distribution must file objections with the Clerk of the Court and submit the objections to the attorney for the Receiver no later than 4:00 p.m. (Central Standard Time) on October 15, 2004. The Clerk’s address is:
U.S. District Court
The name and address of the Receiver’s attorney is:
Morris, Laing, Evans, Brook & Kennedy, Chartered
If you have questions, you can send them to the Receiver by e-mail at firstname.lastname@example.org.