Skip to main content

SEC v. United American Ventures, LLC, et al. Case No. 10-cv-00568-JCH-LFG (D.N.M.)

Oct. 6, 2022

On June 14, 2010, the SEC filed a complaint against United American Ventures, LLC, Philip Lee David Jack Thomas, Eric J. Hollowell, Matthew A. Dies, Integra Investment Group, LLC, and Anthony J. Oliva (collectively, the “Defendants”) and named All American Capital Corp. as a relief defendant (“Relief Defendant”). The complaint alleged that, from July 2007 through at least November 2009, the Defendants violated federal securities laws by operating a Ponzi-type scheme. See Complaint.

The Defendants and Relief Defendant were ordered to pay a total of $12,213,547.00 in disgorgement, prejudgment interest, and penalties. See Final Judgment and Memorandum Opinion and Order.

As of March 10, 2015, a total of $381,680.25 of the amount ordered has been paid. These funds, along with any additional funds received or collected, will be distributed to harmed investors (the “Distribution Fund”).

On May 12, 2016, the Court appointed Damasco & Associates LLP as the Tax Administrator to fulfill the tax obligations of the Distribution Fund.

On June 23, 2016, the Court appointed Analytics Consulting, LLC as the Distribution Agent to oversee the distribution of the Distribution Fund to injured investors.

On March 31, 2017, the Commission filed a motion to approve the distribution plan, together with the distribution plan ("Distribution Plan"). See Motion with Distribution Plan.

On May 3, 2017, the Court entered an order approving the Distribution Plan. See Order Approving Distribution Plan.

The Distribution Plan provides that the distribution of the Distribution Fund shall be made on a pro rata basis based upon each Eligible Claimant’s Recognized Loss divided by the aggregate total Recognized Loss for all Eligible Claimants.

Claim forms can be found at: and must be postmarked by August 1, 2017.

On May 9, 2019, the Court entered an order approving the disbursement of $354,422.01 from the Fair Fund to the Distribution Agent for distribution to Eligible Recipients in accordance with the approved Plan. See the Court's Order.

For more information, please contact the Distribution Agent:

Analytics Consulting, LLC
Telephone Number: 866-853-0779

Return to Top