Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-azd-3_06-cv-00951/USCOURTS-azd-3_06-cv-00951-0/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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WO 

UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF ARIZONA 

SECURITIES AND EXCHANGE 

COMMISSION, 

 Plaintiff, 

 vs. 

DAVID L. MCMILLAN, 

 Defendant. 

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 No. CV 06-00951 PCT-SMM 

 Order Directing Deposit 

 into Registry of the Court 

Plaintiff, the United States Securities and Exchange Commission (“SEC”), has 

moved for permission to deposit into the registry of the court a check in the amount of 

$124,741.67 which is payable to Schooner Financial, the name under which defendant 

David L. McMillan did business. [Doc. No. 16] The Court entered a preliminary 

injunction on April 13, 2006, which enjoined defendant McMillan from further 

violations of the federal securities laws and froze his assets. McMillan failed to appear 

at the hearing and has not filed any responsive pleadings to date. 

Based on the declarations presented by the SEC, the court finds that the check 

represents principal and interest that was earned on a loan of funds that McMillan 

obtained from investors and Daniels Recycling, LLC. 

THEREFORE IT IS ORDERED that the SEC may deposit the check payable to 

Schooner Financial into the registry of the Court into an interest-bearing account. These 

funds, together with any interest and income earned thereon (collectively the “Fund”), 

should be held in the interest-bearing account until further order of the Court. In 

accordance with 28 U.S.C. § 1914 and the guidelines set by the Director of the 

Administrative Office of the United States Courts, the Clerk is directed, without further 

order of the Court, to deduct from the income earned on the money in the Fund a fee 

Case 3:06-cv-00951-SMM Document 17 Filed 08/29/06 Page 1 of 2
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equal to ten percent of the income earned on the Fund. Such fee shall not exceed that 

authorized by the Judicial Conference of the United States. After entry of a judgment in 

this case, the Commission may propose a plan to distribute the Fund subject to the 

Court’s approval. 

 Dated this 28th day of August, 2006. 

Case 3:06-cv-00951-SMM Document 17 Filed 08/29/06 Page 2 of 2