ENGAGEMENT: Plus Money Inc.
ENGAGEMENT: Plus Money Inc. Case Summary
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ENGAGEMENT: Plus Money Inc.
On May 16, 2008, the Honorable Roger T. Benitez, United States District Judge for the Southern District of California, entered an order preliminarily enjoining defendants Plus Money, Inc. and Matthew La Madrid from violating the antifraud provisions of the federal securities laws. In addition to the preliminary injunction, the order freezes the assets of both the defendants and the relief defendants (the Premium Return Fund Limited-Liability Limited Partnerships I through III (the "Premium Return Funds"), the Return Fund LLCs I through VI (the "Return Funds"), Palladium Holding Company, and Donald Lopez), and appoints Stephen J. Donell as permanent receiver over Plus Money, the Premium Return Funds and the Return Funds.