RECEIVERSHIPS: US Ventures and Winsome Investment Trust

WAYNE KLEIN, RECEIVER FOR
US Ventures and Winsome Investment Trust

10 Exchange Place, Suite 502
Salt Lake City, UT 84111
Telephone: (801) 456-4591

Updates: Descriptions of Recent Developments

April 7, 2016: Widmark Appeal Notice. The Widmarks have filed a notice of appeal of the $257,000 judgment against them. A copy of the notice of appeal is attached. The Receiver is moving to collect on the judgment during the pendency of the appeal.

March 16, 2016: Settlements Approved. The Court today approved settlements with Kim Colin and The Church of Jesus Christ of Latter-day Saints. A copy of the order approving the settlements can be found here.

March 2, 2016: Court Orders Overpaid Investor to Pay Interest. The court issued an order requiring Peter Widmark to pay interest on the $191,000 in excess payments they received on their investments with Winsome. A copy of the order can be found here. The Receiver will submit a proposed order with the court showing the total amount of interest owed.

February 9, 2016: Status Report Filed. The Receiver filed his quarterly status report for the period from November 2015 through January 2016. A copy of the report can be found here.