Securities and Exchange Commission v. World Capital Market, Inc.

Full title: Securities and Exchange Commission v. World Capital Market, Inc., et al

Court: United States District Court, Ninth Circuit, California, C.D. California

Date published: Sep 4, 2015

CV 14-2334-JFW (MRWx), CV 14-9069-JFW (MRWx) (C.D. Cal. Sep. 4, 2015)

Opinion

Securities and Exchange Commission v. World Capital Market, Inc., et al Nos. CV 14-2334-JFW (MRWx), CV 14-9069-JFW (MRWx) United States District Court, C.D. California September 4, 2015

PROCEEDINGS (IN CHAMBERS): ORDER GRANTING RECEIVER'S MOTION FOR APPROVAL OF STIPULATION FOR ENTRY OF JUDGMENT WITH ROBERT SENSI, A.K.A. ROBERT MARIO SENSI, A.K.A. BOB SENSI [filed 8/28/2015; Docket No. 375];

HONORABLE JOHN F. WALTER, UNITED STATES DISTRICT JUDGE.

On August 28, 2015, Krista L. Freitag (the " Receiver"), the Court-appointed permanent receiver for Defendants World Capital Market Inc.; WCM777 Inc.; WCM777 Ltd. d/b/a WCM777 Enterprises, Inc.; and Relief Defendants Kingdom Capital Market, LLC; Manna Holding Group, LLC; Manna Source International, Inc.; WCM Resources, Inc.; ToPacific Inc.; To Pacific Inc.; and their subsidiaries and affiliates (collectively, " Receivership Entities") filed a Motion for Approval of Stipulation for Entry of Judgment With Robert Sensi, a.k.a. Robert Mario Sensi, a.k.a. Bob Sensi (" Motion for Approval"). On August 31, 2015, Plaintiff Securities and Exchange Commission (the " SEC") filed a Response, stating that it supports approval of the stipulated judgment. Pursuant to Rule 78 of the Federal Rules of Civil Procedure and Local Rule 7-15, the Court finds that this matter is appropriate for decision without oral argument. The hearing calendared for September 14, 2015 is hereby vacated and the matter taken off calendar. After considering the moving and response papers, and the arguments therein, the Court rules as follows:

For the reasons stated in the Receiver's Motion for Approval, and in light of the SEC's support of the settlement, the Receiver's Motion for Approval is GRANTED. The Court signs the Proposed Judgment lodged with the Court on August 28, 2015, which will be filed in, and close, Case No. CV 14-9069-JFW (MRWx).

IT IS SO ORDERED.

JUDGMENT

Pursuant to the Stipulation for Entry of Judgment by plaintiff Krista L. Freitag (the " Receiver"), Court-appointed permanent-receiver for World Capital Market Inc.; WCM777 Inc.; WCM777 Ltd. d/b/a WCM777 Enterprises, Inc.; Kingdom Capital Market, LLC; Manna Holding Group, LLC; Manna Source International, Inc.; WCM Resources, Inc.; ToPacific Inc.; To Pacific Inc.; and their subsidiaries and affiliates (" Receivership Entities"), and Defendant Robert Sensi, a.k.a. Robert Mario Sensi, a.k.a. Bob Sensi (" Sensi"), and good cause appearing therefor, the Court hereby enters judgment against Sensi and in favor of the Receiver as follows:

IT IS HEREBY ORDERED, ADJUDGED AND DECREED:

1. Judgment is entered in favor of the Receiver and against Robert Sensi, a.k.a. Robert Mario Sensi, a.k.a. Bob Sensi, in the amount of $325,000, on the alleged claims of Fraudulent Transfer under California's Uniform Fraudulent Transfer Act, Unjust Enrichment, and Constructive Trust;

2. Execution on this judgment may issue immediately notwithstanding the provisions of FRCP Rule 62 or any other similar provision of law; and

3. Judgment to bear interest at the statutory rate.