Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_04-cv-04351/USCOURTS-cand-4_04-cv-04351-2/pdf.json

Nature of Suit Code: 890
Nature of Suit: Other Statutory Actions
Cause of Action: 15:631 Small Business Act

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C 04-4351 SBA - ORDER APROVING THE FIRST RECEIVER’S REPORT FOR THE 

PERIOD OF OCTOBER 20, 2004 THROUGH JUNE 30, 2006 

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KEVIN V. RYAN, CA NO. 118321 

United States Attorney 

JOANN M. SWANSON, CA NO. 88143 

Chief, Civil Division 

EDWIN L. JOE, CA NO. 112328 

Special Assistant U.S. Attorney 

 455 Market Street, Sixth Floor 

 San Francisco, CA 94105 

 Telephone: (415) 744-8494 

 Facsimile: (415) 744-6812 

edwin.joe@sba.gov

Attorneys for Plaintiff 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

OAKLAND DIVISION 

UNITED STATES OF AMERICA, ) E-Filing 

 ) 

 Plaintiff, ) Case No: C 04-4351 SBA 

 ) HON. SAUNDRA BROWN ARMSTRONG 

 ) 

v. ) Date: October 31, 2006 

) Time: 1:00 PM 

PROSPERO VENTURES, L.P. ) Room: Ctrm 3, 1301 Clay St., Oakland 

 ) 

 Defendant. ) 

______________________________) 

ORDER 

This matter comes before the Court on the Motion of the U.S. Small Business 

Administration (“SBA”) as Receiver (“Receiver”) for Prospero Ventures, L.P. (“Prospero”) 

(f/k/a Dotcom Ventures, L.P., f/k/a ASCII Ventures, L.P.) to re-open this case and for Entry of 

an Order Approving and Confirming the First Receiver's Report for the Period October 20, 2004 

through June 30, 2006, and this Court having considered the Supplemental Declaration of Brian 

Stern and being duly advised as to the merits of the motion, 

Case 4:04-cv-04351-SBA Document 32 Filed 01/12/07 Page 1 of 3
C 04-4351 SBA - ORDER APROVING THE FIRST RECEIVER’S REPORT FOR THE 

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 IT IS HEREBY ORDERED THAT: 

 1. The Receiver's Motions (1) to reopen this case and (2) to consider entry of an Order 

Approving and Confirming the First Receiver's Report for the Period October 20, 2004 through 

June 30, 2006, are both GRANTED; and 

2. This Court APPROVES AND CONFIRMS the First Receiver's Report for the 

Period October 20, 2004 through June 30, 2006 and the actions and the activities of the Receiver 

as reported therein and further expanded upon in the Supplemental Declaration of Brian Stern 

(Court Document # 30_) ; and 

 3. This Court authorizes the Receiver to abandon further efforts to collect on the 

debts owed to Prospero by ICRAS, Inc. and by Market Results, Inc., and to abandon further 

efforts to liquidate Prospero’s equity interests in ICRAS, Inc. and in Market Results, Inc., and to 

close both portfolios; and 

 4. This Court approves the sales by the Receiver of Prospero’s shares of stock in 

Salon Media Group, Inc. and in International Monetary Systems Ltd., and authorizes the 

Receiver to close both portfolios; and 

 5. In accordance with the Court Order granting the Receiver’s Motion to Reopen this 

case and to consider entry of an Order Approving and Confirming the First Receiver's Report for 

the Period October 20, 2004 through June 30, 2006, this case is now administratively 

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Case 4:04-cv-04351-SBA Document 32 Filed 01/12/07 Page 2 of 3
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closed. The Receiver may move to re-open the case for appropriate post-judgment relief at a 

later time. The Clerk shall close the file and terminate any pending matters. 

 

 SO ORDERED: This 8th day of January 8, 2007, in Oakland, California. 

 

 ____________________________________ 

 HON. SAUNDRA BROWN ARMSTRONG 

 United States District Judge 

Copies To: 

Edwin L. Joe 

Special Assistant United States Attorney 

455 Market Street, Sixth Floor 

San Francisco, CA 094105 

Telephone: (415) 744-8494 

Facsimile: (415) 744-6812 

Arlene P. Messinger 

Assistant General Counsel for SBIC Enforcement 

U.S. Small Business Administration 

Receiver for Prospero Ventures, L.P. 

409 Third Street, S.W., 7th Floor 

Washington, DC 20416 

Telephone: (202) 205-6857 

Facsimile: (202) 481-0325 

Brian S. Stern 

Principal Agent for the Receiver 

SBA, Receiver for Prospero Ventures, L.P. 

666 11th Street, N.W., Suite 200 

Washington, D.C. 20001-4542 

Telephone: (202) 272-3604 

Facsimile: ( 202) 504-2247 

Case 4:04-cv-04351-SBA Document 32 Filed 01/12/07 Page 3 of 3