Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-casd-3_14-cv-00347/USCOURTS-casd-3_14-cv-00347-7/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 28:1332sa Diversity: Securities &amp; Exchange Commiss

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UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF CALIFORNIA

This case is before the Court upon Plaintiff-Judgment Creditor’s, United States Securities and 

Exchange Commission (“Commission”), Motion for an Order to Disburse Garnished Funds (ECF No. 

166), and the record as a whole. Having considered the Commission’s Motion, this Court finds as 

follows:

1. This Court has jurisdiction over the subject matter of the action and over the Relief 

Defendant-Judgment Debtor, Larissa Ettore (“Ettore”). 

2. The record establishes that on February 3, 2017, this Court entered a final judgment 

(“Judgment”) in favor of the Commission and against Ettore for disgorgement in the amount of 

U.S. SECURITIES AND EXCHANGE 

COMMISSION,

Plaintiff,

v.

JAMES Y. LEE, 

Defendant,

and LARISSA O. ETTORE, et al.,

Relief Defendants

And Judgment Debtors.

Case No. 3:14-cv-00347-LAB-BGS

ORDER TO DISBURSE GARNISHED FUNDS

Case 3:14-cv-00347-LAB-BGS Document 189 Filed 02/20/19 PageID.<pageID> Page 1 of 3
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$386,694.25 and prejudgment interest in the amount of $76,790.70, for a total of $463,484.95. (ECF No. 

103)

3. The Commission’s post-judgment investigation into Ettore revealed that she is conducting 

her personal and professional business in the names of and/or through family members: Ulla Ettore, 

Roger Ettore, and Timo Ettore (collectively, the “Nominees”). The Nominees have open accounts at: 

Bank of America, N.A. (“BOA”), E*Trade Financial Corporation (“E*Trade”), Wells Fargo Bank, N.A. 

(“Wells Fargo”), JP Morgan Chase Bank, N.A. (“JPMC”) (collectively “Garnishees”).

4. On June 18, 2018, the Commission filed its Applications for Writs of Continuing 

Garnishment naming the Garnishees. Based upon the evidence submitted to this Court, the property in 

the names of the Nominees is subject to the Garnishments. 

5. On June 18, 2018, this Court issued the Commission’s Post-Judgment Continuing Writs

of Garnishment, which were served on the Garnishees, Ettore and Nominees. 

6. E*Trade answered the Writ of Garnishment on July 3, 2018, and stated that it was in 

possession, custody, or control of non-earning property in which Ulla, Roger and Timo Ettore have an 

interest. (ECF No. 157). 

7. Wells Fargo answered the Writ of Garnishment on July 3, 2018, and stated that it was in 

possession, custody, or control of non-earning property in which Timo Ettore has an interest. (ECF No. 

158). 

8. BOA answered the Writ of Garnishment on July 6, 2018, and stated that it was in 

possession, custody, or control of non-earning property in which Roger and Ulla Ettore have an interest. 

(ECF No. 159). 

9. JPMC answered the Writ of Garnishment on July 10, 2018, and stated that it was in 

possession, custody, or control of non-earning property in which Ulla and Timo Ettore have an interest. 

(ECF No. 160). 

10. The Garnishees’ Answers were served on counsel for Ettore by way of the CM/ECF

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system and on the Nominees via first class mail on the dates they were filed. 

11. Neither Ettore nor the Nominees has filed a claim of exemption or other objection to the 

Writs of Garnishment, requested a hearing in this matter, or asserted any reason why the funds being 

held by the Garnishees should not be paid to the Commission.

Now, therefore,

IT IS HEREBY ORDERED that the Judgment Creditor’s Motion for an Order to Disburse 

Garnished Funds is GRANTED. 

IT IS HEREBY FURTHER ORDERED that Garnishees, Bank of America, N.A., E*Trade 

Financial Corporation, Wells Fargo Bank, N.A., and JP Morgan Chase Bank, N.A., pay all funds 

currently held in the name of Larissa Ettore, Ulla Ettore, Roger Ettore and Timo Ettore to the 

Commission, which shall be delivered or mailed to:

Enterprise Services Center

Accounts Receivable Branch

6500 South MacArthur Boulevard

Oklahoma City, OK 73169,

and shall be accompanied by a letter identifying the case title, civil action number, and name of this 

Court; Larissa Ettore as a relief defendant in this action; and specifying that payment is made pursuant to 

this the Final Judgment entered in this matter. 

Dated: February 20, 2019

Hon. Larry A. Burns

Chief United States District Court Judge

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