Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_09-cv-00665/USCOURTS-caed-2_09-cv-00665-60/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:77 Securities Fraud

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[PROPOSED] ORDER DIRECTING WELLS FARGO TO FREEZE USRSITE ACQUISITION , LLC SAVINGS ACCOUNT

CASE NO. CV 09-000665 LKK-DAD 

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FUTTERMAN DUPREE 

DODD CROLEY

MAIER LLP

FUTTERMAN DUPREE DODD CROLEY MAIER LLP

JAMIE L. DUPREE (158105) 

JAIME G. TOUCHSTONE (233187) 

180 Sansome Street, 17th Floor 

San Francisco, CA 94104 

Telephone: (415) 399-3840 

Facsimile: (415) 399-3838 

jdupree@fddcm.com

jtouchstone@fddcm.com

Attorneys for Receiver 

Stephen E. Anderson 

UNITED STATES DISTRICT COURT 

EASTERN DISTRICT OF CALIFORNIA 

SACRAMENTO 

SECURITIES AND EXCHANGE 

COMMISSION, 

Plaintiff 

v. 

ANTHONY VASSALLO, et al, 

Defendants. 

Case No. CV 09-000665 LKK-DAD 

ORDER DIRECTING 

WELLS FARGO TO FREEZE USR SITE 

ACQUISITION, LLC SAVINGS 

ACCOUNT PENDING FURTHER 

COURT ORDER 

Judge Lawrence K. Karlton 

On April 30, 2009, this Court filed the Order Appointing Temporary Receiver for Equity 

Investment Management and Trading, Inc. (“EIMT”) and Order to Show Cause for Appointment 

of Permanent Receiver (“OAR”) and on July 31, 2009, the Court filed an Order permanently 

appointing Receiver. Pursuant to the OAR, for good cause shown, and in order to empower and 

authorize the Receiver to carry out his duties and obligations, 

THE COURT HEREBY FINDS AND ORDERS AS FOLLOWS: 

On November 7, 2007, and November 8, 2007, $2,000,000 of EIMT investor funds were 

transferred to Jeff Dennis Ferentz (a California attorney) and/or Jeff Dennis Ferentz, Inc. 

(collectively “Ferentz”), in connection with a “bank sanctioned high yield project funding 

program.” The funds were deposited into the Jeff Dennis Ferentz, Inc. Client Trust Account (the 

“Ferentz Account”). The unsigned joint venture agreement located by Receiver for this 

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Case 2:09-cv-00665-JAM-KJN Document 259 Filed 04/21/10 Page 1 of 3
[PROPOSED] ORDER DIRECTING WELLS FARGO TO FREEZE USRSITE ACQUISITION , LLC SAVINGS ACCOUNT

CASE NO. CV 09-000665 LKK-DAD 

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FUTTERMAN DUPREE 

DODD CROLEY

MAIER LLP

investment lists the parties as Defendant Anthony Vassallo as the investor and Jon Fragosa, Jeff 

Dennis Ferentz, and Charles Jarvis as the “Facilitator.” Receiver’s investigation has revealed that 

another investor “invested” $900,000 with Ferentz in connection with the same transaction on 

November 7, 2007, the same time as EIMT transferred its $2,000,000 to Ferentz. 

This Court previously issued orders authorizing banks and financial institutions to assist 

Receiver in tracing the EIMT investor funds transferred to Ferentz including funds transferred 

from Jeffrey Dennis Ferentz, Inc. to entities controlled by Mr. Ferentz, including “USR Site 

Acquisition, LLC.” (Doc. Nos. 149 and 219), which remain in full force and effect. 

Receiver’s investigation has revealed that the balance of the Ferentz Account at the 

beginning of November 2007 was $1,111.49 before the $2,900,000 was deposited on 

November 7 and 8, 2007; at the end of November 2007, the balance was $96,476.49. In short, 

the vast majority of the funds deposited in the Ferentz Account in November 2007 was 

transferred out of that account shortly after deposit. 

Receiver has determined that $700,000 was transferred from the Ferentz Account to a 

Wells Fargo savings account in the name of “USR Site Acquisition” on November 26, 2007. 

The primary signatory and “Owner/Key Individual” on the account is Charlie Jarvis and the 

secondary “Owner/Key Individual” on the account is Jeff D. Ferentz (“USR Site Acquisition 

Account”). 

The only money deposited into the USR Site Acquisition Account was the $700,000 from 

the Ferentz Account on November 26, 2007. Since that time, there have been interest payments 

made on the account and regular withdrawals but no other deposits. As of March 31, 2010, the 

USR Site Acquisition Account had a balance of $168,055.45. 

To assist Receiver in preventing the further transfer of and/or dissipation of EIMT assets, 

Wells Fargo is hereby directed to freeze the Wells Fargo savings account in the name of “USR 

Site Acquisition,” Account No. ###-####703 (the full number of which will be provided to Wells 

Fargo from Receiver) until further order of this Court. 

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Case 2:09-cv-00665-JAM-KJN Document 259 Filed 04/21/10 Page 2 of 3
[PROPOSED] ORDER DIRECTING WELLS FARGO TO FREEZE USRSITE ACQUISITION , LLC SAVINGS ACCOUNT

CASE NO. CV 09-000665 LKK-DAD 

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FUTTERMAN DUPREE 

DODD CROLEY

MAIER LLP

Wells Fargo is further directed to cooperate fully with Receiver in Receiver’s activities, 

investigation and inquiries on behalf of this Court. 

IT IS SO ORDERED. 

Dated: April 20, 2010 

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Case 2:09-cv-00665-JAM-KJN Document 259 Filed 04/21/10 Page 3 of 3