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United States v. Apex Financial Group
1:22-cv-07890
ClosedFiled March 15, 2022
Court Information
Court: U.S. District Court, Southern District of New York
Judge: Hon. Lewis A. Kaplan
Parties
United States of America and SECplaintiff
Counsel: AUSA Damian Williams, U.S. Attorney's Office SDNY
Apex Financial Group LLCdefendant
Counsel: Marc Mukasey, Mukasey Frenchman LLP
securitiesfraudsec enforcement
Docket Entries (8)
Mar 15, 2022Plaintiff
Civil enforcement action by SEC alleging Ponzi scheme defrauding 2,000+ investors of $180 million.
Mar 16, 2022Plaintiff
Emergency motion for asset freeze and appointment of receiver.
Mar 17, 2022Court
TRO granted. All assets frozen. Receiver appointed.
Jun 1, 2022Receiver
Receiver's first report. Identified $45M in recoverable assets.
Sep 15, 2022Court
Default judgment entered against corporate defendant.
Mar 1, 2023Court
Distribution plan approved. Pro rata distribution to defrauded investors.
Sep 15, 2023Receiver
Final distribution completed. Investors recovered approximately 25 cents on the dollar.
Dec 1, 2023Court
Case closed. Receiver discharged.