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

June 20, 2015: Holloway Conviction Affirmed on Appeal. The Tenth Circuit Court of Appeals today affirmed the conviction and sentencing of Robert Holloway. The court rejected all four arguments Holloway made on appeal. A copy of the ruling can be found here.

June 1, 2016: Order Approving Widmark Settlement. The Court issued an order approving the proposed settlement agreement with the Widmarks. A copy of the Court’s order can be found here.

May 31, 2016: Motion for Approval of Settlement Agreement. The Receiver filed a motion seeking court approval of a settlement agreement of the last lawsuit still pending. Under the settlement with Peter and Laurie Widmark, the Widmarks will repay the full $191,000 in payments they received above their investment and will dismiss their appeal. The Receiver will forego collecting interest on the judgment. A copy of the motion can be found here.

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 9, 2016: Final Judgment on Widmark. The Court entered a final judgment against Peter and Laurie Widmark, granting the Receiver $66,633.83 in interest in addition to the $191,000 in excess payments. A copy of the order 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.