Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-1_16-cv-00344/USCOURTS-caed-1_16-cv-00344-0/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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UNITED STATES DISTRICT COURT 

EASTERN DISTRICT OF CALIFORNIA 

SECURITIES AND EXCHANGE 

COMMISSION, 

Plaintiff, 

vs. 

BIC REAL ESTATE DEVELOPMENT 

CORPORATION and DANIEL R. 

NASE, individually and d/b/a 

BAKERSFIELD INVESTMENT 

CLUB, 

Defendants, 

BIC SOLO 401K TRUST and 

MARGARITA NASE, 

Relief Defendants. 

 Case No. 1:16-CV-00344 LJO JLT 

TEMPORARY RESTRAINING 

ORDER 

Case 1:16-cv-00344-DAD-JLT Document 10 Filed 03/11/16 Page 1 of 8
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This matter comes before the Court upon the papers filed by Plaintiff Securities 

and Exchange Commission for a Temporary Restraining Order and Orders (1) 

Freezing Assets; (2) Prohibiting the Destruction of Documents; (3) Granting 

Expedited Discovery; (4) Requiring Accountings; and (5) Appointing a Temporary 

Receiver, and Order to Show Cause Re Preliminary Injunction and Appointment of 

Receiver (the “TRO Motion”). 

The Court, having considered the SEC’s Complaint, the TRO Motion, the 

supporting Memorandum of Points and Authorities, the supporting declarations and 

exhibits, finds that: 

A. This Court has jurisdiction over the parties to, and the subject matter of, 

this action. 

B. The Commission has made a sufficient and proper showing in support of 

the short duration of relief granted herein, as required by Section 20(b) of 

the Securities Act of 1933 (“Securities Act”) (15 U.S.C. s 77t(b)) and 

Section 21(d) of the Securities Exchange Act of 1934 (“Exchange Act”) 

(15 U.S.C. § 78u(b)) by evidence establishing a prima facie case and 

reasonable likelihood that BIC Real Estate Development Corporation and 

Daniel R. Nase have engaged in, are engaging in, are about to engage in, 

and will continue to engage in unless restrained transactions, acts, 

practices and courses of business that constitute violations of Sections 

5(a), 5(c) of the Securities Act of 1933 (15 U.S.C. §§ 77e(a), 77e(c)); 

Section17(a) of the Securities Act (15 U.S.C. § 77q(a)); and Section 

10(b) of the Securities Exchange Act of 1934 (15 U.S.C. § 78j(b)) and 

Rule 10b-5 thereunder (17 C.F.R. § 240.10b-5) and that Relief 

Defendants BIC Solo 401k Trust and Margarita Nase are in possession of 

the proceeds of those violations and have been unjustly enriched.

C. Good cause exists to believe that, unless restrained and enjoined by order 

of this Court, Defendants and Relief Defendants will dissipate, conceal, 

Case 1:16-cv-00344-DAD-JLT Document 10 Filed 03/11/16 Page 2 of 8
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or transfer assets which could be the subject to an order directing 

disgorgement or the payment of civil money penalties in this action. It is 

appropriate for the Court to issue this Temporary Restraining Order so 

that prompt service on appropriate financial institutions can be made, 

thus preventing the dissipation of assets. 

D. Good cause exists to believe that, unless restrained and enjoined by order 

of this Court, Defendant may alter or destroy documents relevant to this 

action. 

E. Good cause exists to believe that expedited discovery is necessary. 

I.

IT IS HEREBY ORDERED that the Commission’s TRO Motion is 

GRANTED IN PART as follows: 

IT IS FURTHER ORDERED that Defendants BIC Real Estate Development 

Corporation and Daniel R. Nase, and their officers, agents, servants, employees, 

attorneys, subsidiaries and affiliates, and those persons in active concert or 

participation with any of them who receive actual notice of this Order, by personal 

service or otherwise (including any bank, financial institution or brokerage firm, or 

third-party payment processor identified in Part VII below), and each of them, be and 

hereby are temporarily restrained and enjoined from, directly or indirectly conducting 

any further business of any nature or sort on any subject addresses in the complaint 

filed on March 11, 2016, until a hearing has been heard on Tuesday, March 15, 2016 

before the undersigned at 11:00A.M. in Department 4 of the Robert E. Coyle Federal 

Courthouse located at 2500 Tulare, Fresno, CA, 93721. 

This includes, but is not limited to transferring, assigning, selling, 

hypothecating, changing, wasting, dissipating, converting, concealing, encumbering, 

or otherwise disposing of, in any manner, any funds, assets, securities, claims or other 

real or personal property, including any notes or deeds of trust or other interest in real 

property, wherever of sale or for delivery after sale; or making use of any means or 

Case 1:16-cv-00344-DAD-JLT Document 10 Filed 03/11/16 Page 3 of 8
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instruments of transportation or communication in interstate commerce or of the 

mails to offer to sell or offer to buy through the use or medium of any prospectus or 

otherwise any security 

IT IS FURTHER ORDERED that, except as otherwise ordered by this Court, 

an immediate freeze shall be placed on all monies and assets (with an allowance for 

necessary and reasonable living expenses to be granted only upon good cause shown 

by application to the Court with notice to and an opportunity for the SEC to be heard) 

in all accounts at any bank, financial institution or brokerage firm, or third-payment 

payment processor, all certificates of deposit, and other funds or assets, held in the 

name of, for the benefit of, or over which account authority is held by Defendants 

BIC Real Estate Development Corporation and Daniel R. Nase and/or Relief 

Defendants BIC Solo 401k Trust and Margarita Nase, including but not limited to the 

accounts listed below: 

BANK NAME ACCOUNT NAME ACCOUNT 

NUMBER 

Wells Fargo Bank, N.A. BIC Real Estate Development xxxxxx9425 

Wells Fargo Bank, N.A. Daniel Nase d/b/a Bakersfield Investment 

Club 

xxxxxx2516 

Wells Fargo Bank, N.A. Tier 1 Solar Power Company xxxxxx5320 

Wells Fargo Bank, N.A. WM Petroleum xxxxxx1609 

Wells Fargo Bank, N.A. Daniel Nase 

Margarita L Nase 

xxxxxx4058 

Wells Fargo Bank, N.A. Daniel Nase 

Margarita L Nase 

xxxxxx4066 

Wells Fargo Bank, N.A. Daniel Nase 

Margarita L Nase 

xxxxxx4074 

Wells Fargo Bank, N.A. Daniel Nase 

Margarita L Nase 

xxxxxx3977 

Wells Fargo Bank, N.A. BIC Solo 401K Trust and Margarita 

Argueta 

xxxxxx5874 

Kern Schools Federal 

Credit Union 

Daniel Nase 

Margarita Lizett Nase 

xxxxxx870 

Kern Schools Federal 

Credit Union 

Daniel Nase 

Margarita Lizett Nase 

xxxxxx9026 

Case 1:16-cv-00344-DAD-JLT Document 10 Filed 03/11/16 Page 4 of 8
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Rabobank, N.A. Property Management of Bakersfield and 

Margarita Nase 

xxxxx7412 

Wells Fargo Bank, N.A. Daniel Nase dba Bakersfield Investment 

Club 

xxxxxx0990 

Wells Fargo Bank, N.A. Daniel Nase xxxxxxxxxxxxx4076

Wells Fargo Bank, N.A. BIC Real Estate Development Corporation 

Daniel Nase 

xxxxxxxxxxxx7531 

Wells Fargo Bank, N.A. Los Angeles Investment Club 

Daniel Nase 

xxxxxx2425 

Wells Fargo Bank, N.A. WM Petroleum xxxxxx3254 

Wells Fargo Bank, N.A. Tier 1 Solar Power Company xxxxxx7698 

Wells Fargo Bank, N.A. San Diego County Investment Club 

Kenneth L Potter 

Daniel Nase 

xxxxxx0720 

Wells Fargo Bank, N.A. Ferndale Investment Club 

Marsie J. Sherwood 

Daniel E Nase 

xxxxxx8297 

Wells Fargo Bank, N.A. Ferndale Investment Club 

Marsie J. Sherwood 

Daniel E Nase 

xxxxxx0971 

Wells Fargo Bank, N.A. Los Angeles Investment Club 

Daniel Nase 

xxxxxx7618 

Wells Fargo Bank, N.A. San Diego County Investment Club 

Kenneth L Potter 

Daniel Nase 

xxxxxx1405 

Wells Fargo Bank, N.A. Daniel Nase dba Los Angeles Investment 

Club 

xxxxxx7618 

Wells Fargo Bank, N.A. Bakersfield Real Estate Investors 

Brokerage 

Daniel Nase 

Gregory Lane 

xxxxxx0897 

Wells Fargo Bank, N.A. Bakersfield Real Estate Investors 

Brokerage 

Daniel Nase 

xxxxxx1617 

Wells Fargo Bank, N.A. Daniel Nase 

Kenneth M. Cooper 

Melissa A. Cooper 

xxxxxx3413 

Wells Fargo Bank, N.A. Daniel Nase 

Kenneth M. Cooper 

Melissa A. Cooper 

xxxxxx7323 

Case 1:16-cv-00344-DAD-JLT Document 10 Filed 03/11/16 Page 5 of 8
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Any bank, financial institution or brokerage firm, or third-party payment 

processor holding such monies and assets described above shall hold and retain 

within their control and prohibit the withdrawal, removal, transfer or other disposal of 

any such funds or other assets except as otherwise ordered by this Court. 

IT IS FURTHER ORDERED that, except as otherwise ordered by this Court, 

an immediate freeze shall be placed on the title of the following properties, which 

shall not be mortgaged, transferred, or otherwise hypothecated: 

3205 Mesa Drive, Bakersfield, CA 

2935 Shelly, Bakersfield, CA 

2013 Pictoria Drive, Bakersfield, CA 

343 Ray Street, Bakersfield, CA 

400 Stirrup Avenue, Bakersfield, CA 

2006 South I Street, Bakersfield, CA 

8100 Lexington Avenue, Bakersfield, CA 

3509 Meeks Avenue, Bakersfield, CA 

1420 Canyon Court, Bakersfield, CA 

8321 Pioneer Drive, Bakersfield, CA 

2101 Fairfax Road, Bakersfield, CA 

1504 Flower Street, Bakersfield, CA 

2612 Security Avenue, Bakersfield, CA 

2501 Lake Street, Bakersfield, CA 

137 Bendix Street, Bakersfield, CA 

3324 Gardenia Avenue, Bakersfield, CA 

912 Meadows Street, Bakersfield, CA 

1317 Wilson Avenue, Bakersfield, CA 

533 Stephens Drive, Bakersfield, CA 

1200 El Tejon Avenue, Bakersfield, CA 

2126 Kentucky Street, Bakersfield, CA 

1401 Oneill Avenue, Bakersfield, CA 

137 North Stine Road, Bakersfield, CA 

1509 West Drive, Bakersfield, CA 

1413 Penny Street, Bakersfield, CA 

137 Dunlap Street, Bakersfield, CA 

2004 Quincy Street, Bakersfield, CA 

3217 Idaho Street, Bakersfield, CA 

940 Beaver Rise Drive, Bakersfield, CA 

212 E. Roberts Lane, Bakersfield, CA 

Case 1:16-cv-00344-DAD-JLT Document 10 Filed 03/11/16 Page 6 of 8
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410 Minner Avenue, Bakersfield, Ca 

1300 Castaic Avenue, Bakersfield, CA 

2813 Blade Avenue, Bakersfield, CA 

409 Villa Street, Bakersfield, CA 

5101 Dunsmuir Road, Bakersfield, CA 

3409 Monterey Street, Bakersfield, CA 

2617 Aberdeen Court, Bakersfield, CA 

8304 Orange Blossom, Bakersfield, CA 

3101 Idaho Street, Bakersfield, CA 

2309 Elton Avenue, Bakersfield, CA 

8913 Lanora Avenue, Bakersfield, CA 

5201 Dunsmuir Road, Bakersfield, CA 

3418 Gardenia Avenue, Bakersfield, CA 

1108 Wilson Avenue, Bakersfield, CA 

308 Camwood, Bakersfield, CA 

1705 Doolittle Avenue, Bakersfield, Ca 

609 Myrtle Street, Bakersfield, CA 

3724 Verdugo Lane, Bakersfield, CA 

3009 River Boulevard, Bakersfield, CA 

1137 Mornington Avenue, Bakersfield, CA 

9633 Staffordshire Way, Bakersfield, CA 

3708 Stokes, Bakersfield, CA 

715 Arvin Street, Bakersfield, CA 

4216 Milo Avenue, Bakersfield, CA 

8616 Butternut Avenue, Bakersfield, CA 

11200 Cave Avenue, Bakersfield, CA 

5612 Via Venezia, Bakersfield, CA 

15025 Colonia De Las Rosas, Bakersfield, CA 

IT IS FURTHER ORDERED that, except as otherwise ordered by this Court, 

each of the Defendants BIC Solo 401k Trust and Margarita Nase, and Relief 

Defendants BIC Solo 401k Trust and Margarita Nase, and their officers, agents, 

servants, employees, attorneys, subsidiaries and affiliates, and those persons in active 

concert or participation with any of them, who receive actual notice of this Order, by 

personal service or otherwise, and each of them, be and hereby are temporarily 

restrained and enjoined from, directly or indirectly: destroying, mutilating, 

Case 1:16-cv-00344-DAD-JLT Document 10 Filed 03/11/16 Page 7 of 8
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concealing, transferring, altering, or otherwise disposing of, in any manner, any 

documents, which includes all books, records, computer programs, computer files, 

computer printouts, contracts, emails, correspondence, memoranda, brochures, or any 

other documents of any kind in their possession, custody or control, however created, 

produced, or stored (manually, mechanically, electronically, or otherwise), pertaining 

in any manner to Defendants BIC Real Estate Development Corporation and Daniel 

R. Nase and Relief Defendants BIC Solo 401k Trust and Margarita Nase. 

Counsel shall meet and confer on Monday, March 14, 2016, to determine what, 

if anything, can be agreed to concerning this case. 

IT IS FURTHER ORDERED that at 11:00A.M. on March 15, 2016, or as soon 

thereafter as the parties may be heard, the Defendants, and each of them, shall appear 

before the Honorable Lawrence J. O’Neill, Judge of the United States District Court 

for the Eastern District of California, to show cause, if there be any, why a 

preliminary injunction should not be granted. 

IT IS FURTHER ORDERED that this Court shall retain jurisdiction over this 

action for the purpose of implementing and carrying out the terms of all orders and 

decrees which may be entered herein and to entertain any suitable application or 

motion for additional relief within the jurisdiction of this Court. 

IT IS SO ORDERED. 

Dated: March 11, 2016 /s/ Lawrence J. O’Neill 

 UNITED STATES DISTRICT JUDGE 

Case 1:16-cv-00344-DAD-JLT Document 10 Filed 03/11/16 Page 8 of 8