Page 1 - NOTICE OF FILING RECEIVER’S REPORT DATED 

JANUARY 31, 2019 

SCHWABE, WILLIAMSON & WYATT, P.C. 

Attorneys at Law 

Pacwest Center 

1211 SW 5th Ave., Suite 1900 

Portland, OR 97204 

Telephone: 503.222.9981 

Fax: 503.796.2900 

PDX\129912\215141\AP\24847840.1

Troy D. Greenfield, OSB #892534 

Email: tgreenfield@schwabe.com 

Alex I. Poust, OSB #925155 

Email: apoust@schwabe.com 

Lawrence R. Ream (Admitted Pro Hac Vice) 

Email: lream@schwabe.com 

Schwabe, Williamson & Wyatt, P.C. 

Pacwest Center 

1211 SW 5th Ave., Suite 1900 

Portland, OR 97204 

Telephone: 503.222.9981 

Facsimile: 503.796.2900 

Ivan B. Knauer (Admitted Pro Hac Vice) 

Email: iknauer@swlaw.com 

Snell & Wilmer LLP 

1101 Pennsylvania Ave., N.W., Suite 300 

Washington, DC 20004 

Telephone: 202.802.9770 

Facsimile: 202.688.2201 

Attorneys for the Receiver for Defendants 

AEQUITAS MANAGEMENT, LLC; AEQUITAS HOLDINGS, 

LLC; AEQUITAS COMMERCIAL FINANCE, LLC; AEQUITAS 

CAPITAL MANAGEMENT, INC.; AEQUITAS INVESTMENT 

MANAGEMENT, LLC 

IN THE UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF OREGON 

PORTLAND DIVISION 

SECURITIES AND EXCHANGE 

COMMISSION, 

Plaintiff, 

v. 

AEQUITAS MANAGEMENT, LLC; 

AEQUITAS HOLDINGS, LLC; 

 No. 3:16-cv-00438-JR

NOTICE OF FILING RECEIVER’S 

REPORT DATED JANUARY 31, 2019 
Page 2 - NOTICE OF FILING RECEIVER’S REPORT DATED 

JANUARY 31, 2019 

SCHWABE, WILLIAMSON & WYATT, P.C. 

Attorneys at Law 

Pacwest Center 

1211 SW 5th Ave., Suite 1900 

Portland, OR 97204 

Telephone: 503.222.9981 

Fax: 503.796.2900 

PDX\129912\215141\AP\24847840.1

AEQUITAS COMMERCIAL FINANCE, 

LLC; AEQUITAS CAPITAL 

MANAGEMENT, INC.; AEQUITAS 

INVESTMENT MANAGEMENT, LLC; 

ROBERT J. JESENIK, BRIAN A. OLIVER; 

and N. SCOTT GILLIS, 

Defendants.

Ronald F. Greenspan, the duly appointed Receiver of the entity defendants and 43 related 

entities, hereby files the attached Report of Ronald F. Greenspan, Receiver, dated January 31, 

2019. 

Dated this 14th day of February, 2019. 

Respectfully submitted, 

SCHWABE, WILLIAMSON & WYATT, P.C. 

By: s/ Alex I. Poust, OSB #925155 

 Troy D. Greenfield, OSB #892534 

 tgreenfield@schwabe.com 

Alex I. Poust, OSB #925155 

apoust@schwabe.com 

 Lawrence R. Ream (Admitted Pro Hac Vice) 

 lream@schwabe.com 

Telephone: 503.222.9981 

Facsimile: 503.796.2900 

Ivan B. Knauer (Admitted Pro Hac Vice) 

iknauer@swlaw.com 

SNELL & WILMER LLP 

Telephone: 202.802.9770 

Facsimile: 202.688.2201

 

Attorneys for the Receiver for Defendants 

Aequitas Management, LLC, Aequitas 

Holdings, LLC, Aequitas Commercial 

Finance, LLC, Aequitas Capital 

Management, Inc., and Aequitas Investment 

Management, LLC
1 

RONALD GREENSPAN 

COURT-APPOINTED RECEIVER FOR 

AEQUITAS MANAGEMENT, LLC, AEQUITAS HOLDINGS, LLC, AEQUITAS COMMERCIAL 

FINANCE, LLC, AEQUITAS CAPITAL MANAGEMENT, INC., AEQUITAS INVESTMENT MANAGEMENT, LLC AND 

CERTAIN RELATED ENTITIES 

(the “Receivership Entity”) 

 

 

In re AEQUITAS MANAGEMENT, LLC, et al. 

Case No. 3:16-cv-00438-JR 

United States District Court 

District of Oregon 

Portland Division 

Report 

of 

Ronald F. Greenspan, Receiver 

January 31, 2019 
2 

Contents 

I. Introduction ............................................................................................................................................................. 4

II. Limitations of Report .............................................................................................................................................. 5

III. Case Background ................................................................................................................................................ 6

A. Introduction ......................................................................................................................................................... 6

B. Focus of the Activities to Date ........................................................................................................................... 7

C. Recommendation regarding Continuance of the Receivership ....................................................................... 8

D. Probable Impact of Discovery Directed to the Receiver and the Receivership Entity .................................... 9

1. Consolidated Database ...................................................................................................................................... 9

2. Orderly Discovery Process ................................................................................................................................ 10

E. Forensic Report ................................................................................................................................................. 11

F. Lifting the Stay of Litigation ............................................................................................................................. 15

IV. Overview of the Receiver’s Activities ............................................................................................................... 15

A. Summary of Operations of the Receiver ......................................................................................................... 15

1. Day-to-Day Management .................................................................................................................................. 15

2. Bank Accounts .................................................................................................................................................. 15

3. Staffing .............................................................................................................................................................. 16

4. Tax Preparation ................................................................................................................................................. 16

5. Payments made on behalf of the defense of the Individual Defendants ..................................................... 20

6. Ongoing Litigation ............................................................................................................................................. 21

B. Development of Claims Process ...................................................................................................................... 22

V. Disposition of Assets/Interests ............................................................................................................................ 24

A. Assets/Interests Sold ....................................................................................................................................... 24

1. CarePayment Medical Receivables ................................................................................................................. 24

2. Coeur d’Alene, Idaho real estate ..................................................................................................................... 24

3. Claims against Gerald Frank ............................................................................................................................ 25

4. Syncronex, LLC .................................................................................................................................................. 25

B. Ongoing Asset Monetization and Sales Efforts ............................................................................................... 26

1. Campus Student Funding................................................................................................................................. 26

2. ACC Holdings 5 (Luxembourg Bonds) .............................................................................................................. 29

3. MotoLease Financial (MLF) .............................................................................................................................. 30

4. Pipeline Health Holdings, LLC (“Pipeline”) ...................................................................................................... 30

5. Portland Seed Fund (PSF) ................................................................................................................................ 31

6. WorkAmerica ..................................................................................................................................................... 31

VI. Communications to Interested Parties ............................................................................................................ 31

A. Ongoing Communication with Investors/Counsel .......................................................................................... 31

B. SEC and Other Governmental Agencies .......................................................................................................... 33
3 

1. SEC .................................................................................................................................................................... 33

2. CSF and CFPB, and State Attorneys General .................................................................................................. 33

3. Additional Governmental Agencies .................................................................................................................. 33

VII. Lender Relationships ........................................................................................................................................ 33

A. Retirement of Institutional Debt ...................................................................................................................... 33

VIII. Assets in the Possession, Custody and Control of the Receivership Estate ................................................. 34

A. Cash and Cash Equivalents ............................................................................................................................. 34

IX. Asset Recovery – Anticipated Assets not yet in the Possession of the Receivership Entity ........................ 34

X. Accrued Professional Fees ................................................................................................................................... 34

XI. Receivership Claimants .................................................................................................................................... 35

XII. Timeline and Distributions ............................................................................................................................... 36
4 

Aequitas Receiver Report 

 

I. Introduction 

During the course of an investigation into the business practices of Aequitas 

Management, LLC (“AM”); Aequitas Holdings, LLC (“AH”); Aequitas Commercial Finance, 

LLC (“ACF”); Aequitas Capital Management, Inc. (“ACM”); and Aequitas Investment 

Management, LLC (“AIM”) (collectively “Entity Defendants”), as well as 43 subsidiaries 

and/or majority-owned affiliates (collectively “Receivership” or “Receivership Entity”), the 

Securities and Exchange Commission (“Commission” or “SEC”) concluded that the 

appointment of a receiver was necessary and appropriate for the purposes of 

marshaling and preserving all assets of the Receivership Entity (the “Receivership 

Property”). Accordingly, on March 10, 2016, the Commission and the Entity Defendants 

filed a Proposed Stipulated Order Appointing Receiver (the “Proposed Receivership 

Order”) [Dkt. 2-2].1

On March 16, 2016, pursuant to the Stipulated Interim Order Appointing Receiver 

(the “Interim Receivership Order”), Ronald Greenspan was appointed as Receiver for the 

Entity Defendants and 43 related entities on an interim basis. On April 14, 2016, 

pursuant to the Order Appointing Receiver, Mr. Greenspan was appointed as Receiver for 

the Receivership Entity on a final basis (the “Final Receivership Order”) [Dkt. 156]. 

In accordance with the Final Receivership Order, the Receiver is required to file a 

report (the “Receiver’s Report”) with the Court within thirty (30) days after the end of 

each calendar quarter. This report (the “Report”) represents the report and 

 

1 All Dkt (or Docket) references are available at the Receiver’s website - http://www.kccllc.net/aequitasreceivership 
5 

recommendations to the Court for the quarter ending December 31, 2018. A voluntary 

report and recommendations to the Court (the “Initial Report”) for the first “stub quarter” 

ending June 30, 2016 [Dkt. 246], the first mandated quarterly report covering the period 

through September 30, 2016 [Dkt. 298] and subsequent reports covering the period 

through December 31, 2016 [Dkt. 365], through March 31, 2017 [Dkt. 444], through 

June 30, 2017 [Dkt. 491], through September 30, 2017 [Dkt. 559], through December 

31, 2017 [Dkt 587], through March 31, 2018 [Dkt. 610] through June 30, 2018 [Dkt. 

644] and through September 30, 2018 [Dkt. 662] are collectively referred to herein as 

the “Receiver’s Reports”. In the accompanying discussion of Receivership matters, the 

Report provides an update regarding some matters previously reported and does not 

include all details contained in prior Receiver’s Reports. For a complete and fulsome 

discussion and for such additional details please refer to prior Receiver’s Reports. 

As is the case for the prior Receiver’s Reports, the findings and recommendations 

of the Receiver contained in this Report should be considered preliminary and subject to 

change due to the volume of material and information acquired, the complexity of 

matters analyzed and the need for additional information, verification and analyses. 

II. Limitations of Report 

The information contained herein has been prepared based upon financial and 

other data obtained from the Receivership Entity’s books and records and provided to 

the Receiver and FTI Consulting, Inc. from the staff employed by the Receivership Entity 

as well as its contract staff and advisers, or from public sources. 

The Receiver has not subjected the information contained herein to an audit in 

accordance with generally accepted auditing or attestation standards or the Statement 

on Standards for Prospective Financial Information issued by the American Institute of 

Certified Public Accountants (the “AICPA”). Also, most of the Receivership Entity’s assets 
6 

discussed herein are not readily tradable, have no public value indication, are illiquid, 

are often minority and/or other partial interests, and might be detrimentally affected by 

affiliation with Aequitas and uncertain consequences of past and future events involving 

Aequitas. Accordingly, the Receiver cannot express an opinion or any other form of 

assurance on, and assumes no responsibility for, the accuracy or correctness of the 

historical information or the completeness and achievability of the projected financial 

data, valuations, information and assessments upon which the following Report is 

rendered. 

III. Case Background 

A. Introduction 

As the Initial Report set forth a summary of the complaint (the “SEC Complaint”) 

against the Entity Defendants, as well as Robert J. Jesenik, Brian A. Oliver and N. Scott 

Gillis (collectively the “Individual Defendants”), the focus of this Report is to provide an 

update on various aspects of the Receivership. Additionally, the Final Receivership 

Order requires that certain items be addressed with the filing of this Report. Pursuant to 

Section IV Stay of Litigation, paragraph 24 states the following: 

The Receiver shall also investigate the probable impact of discovery 

directed to the Receiver and the Receivership Entity in Ancillary Proceedings and 

those actions authorized in Paragraph 23. The Receiver shall include in the 

report and petition it must file pursuant to Paragraph 39 below, a 

recommendation to the Court as to a plan to govern all discovery directed to the 

Receiver and the Receivership Entity in Ancillary Proceedings and those actions 

authorized in Paragraph 23. 

Each of the required topics will be addressed individually in the Report. 
7 

B. Focus of the Activities to Date 

The Receiver has successfully stabilized the Receivership Entity, preserved value 

when possible and facilitated the monetization of a majority of the Receivership assets. 

Through the quarter ended December 31, 2018, the Receiver has sold assets and 

collected receivables totaling approximately $316.8 million. The Receiver has also 

entered into and substantially completed the implementation of a settlement with the 

Consumer Financial Protection Bureau (“CFPB”) and fourteen state Attorneys General in 

connection with the Corinthian Colleges student loan portfolio held by CSF - including 

modification or cancellation of each of the approximately 47,000 loans, and appropriate 

notification to each of the borrowers. As a result of the debt discharge provided to the 

student borrowers, the Receiver was also required to mail approximately 42,000 debt 

cancellation tax forms (1099’s) to the borrowers.2 

Having made substantial progress on the planned asset dispositions, the 

Receiver has proceeded with an investor claim validation process and has compiled and 

sent out 2,561 individually-tailored investment data verification packets, which 

substantially completes the Receiver’s intended investor data verification packet 

production. As mandated by the Order, the Receiver has concluded the first phase of his 

forensic investigation and the resulting forensic report (the “Forensic Report”) was filed 

and posted to the Receiver’s website3 on November 21, 2018 [Dkt. 663]. The Receiver 

has expended a significant effort in data analysis and financial modeling necessary for 

the development of a formal claims process and bar date as well as analyses of 

potential distribution plans. Further, the Receiver and his team coordinated and 

 

2 Subsequent to the extended deadline to file the 1099’s, and after the close of the second quarter of 2018, the Receiver 

received notice that IRS has determined that the debt forgiveness may not be taxable income to the borrowers. Borrowers 

should see IRS Revenue Procedure 18-39 at https://www.irs.gov/pub/irs-drop/rp-18-39.pdf and consult their tax advisor 

for applicability. 

3 http://www.kccllc.net/aequitasreceivership/document/1600438181121000000000001 
8 

participated in two mediations with the Receivership Entity’s insurers, the Individual 

Defendants and counsel for the investor groups in an effort to broker a global settlement 

of claims that, absent an early negotiated resolution, would diminish the insurance 

proceeds available to pay a portion of the investors’ claims against the Receivership 

Entity and the Individual Defendants. In that same vein, the Receiver and his team have 

been intimately involved in shepherding settlement of claims against Tonkon Torp LLP, a 

law firm that provided legal services to the Receivership Entity and alleged by the various 

investor groups to have aided and abetted in the fraud. The Tonkon Torp settlement is 

subject to approval by multiple courts. Additionally, settlement negotiations with other 

parties who the Receiver believes owe the Receivership substantial amounts of money 

were advanced during the quarter. And finally, the Receivership continues to facilitate 

discovery, with over 200 people having accessed the database with 17 million 

documents and provide financial and tax administration including preparing and filing 

over 100 entity tax returns annually. 

C. Recommendation regarding Continuance of the Receivership 

It remains the Receiver’s recommendation that the Receivership be continued. 

The conditions under which the Receivership was imposed still exist. While much has 

been accomplished, there is still much more to do. The Receiver must finish monetizing 

the remaining assets in a manner and timeline consistent with reasonably maximizing 

the value to the investors. The Receiver also must (i) complete the claims processes, (ii) 

complete asset recovery and avoidance litigation, (iii) resolve investor and other creditor 

claim amounts, (iv) draft and seek constituent support and court approval of an asset 

distribution plan, for which the modeling of several alternatives has already begun, and 

(v) manage the distribution process to conclusion. 
9 

The remaining loan portfolios owned by the Receivership require management 

until they are monetized or wound down. The Receiver and his team fill the 

management gap left after the termination of the Individual Defendants and the 

departures of other management and staff (more than 90% of pre-Receivership 

employees are no longer with the Receivership Entities). Absent that day-to-day, handson management, the Receivership Entity’s and, ultimately, the investors’ value would 

languish. 

Feedback from SEC Staff and Aequitas investors regarding our progress thus far 

has been positive. The Receiver is very mindful of the priorities to proceed both 

expeditiously and economically, to seek an interim distribution when possible, and 

conclude this Receivership in an equitable fashion as soon as practicable. The Receiver 

believes he has their support and encouragement to continue his efforts, and that they 

also support the continuation of the Receivership. 

D. Probable Impact of Discovery Directed to the Receiver and the Receivership 

Entity 

1. Consolidated Database 

As previously reported, the Receiver has consolidated all digital data within his 

control into a centralized, organized database. The database now contains 

approximately 17.5 million documents/emails. In addition to the Receivership Entity’s 

database, the Receiver has also integrated the multiple data repositories in DTI’s4

possession as well as the data repository hosted by Pepper Hamilton.5 The database 

 

4 DTI (aka Document Technologies, Inc. and Epiq) was the previous eDiscovery vendor employed by Aequitas and the 

database contains valuable work product related to prior productions in the ASFG litigation and to the SEC. The work 

product has been preserved. 

5 The Pepper Hamilton repository contains certain files provided by the Receivership Entity as well as Sidley Austin and the 

SEC.
10 

was effectively utilized to fulfill requests for production (RFP) from governmental 

agencies. 

In accordance with the directive contained in paragraph 24 of the Order 

Appointing Receiver [Dkt. 156], the Receiver made the centralized database available 

for access and use by counsel for litigants and other appropriately-authorized parties. 6 

Additional parties interested in obtaining access should contact Troy Greenfield at 

Schwabe, Williamson & Wyatt (tgreenfield@schwabe.com/ 206.407.1581).

2. Orderly Discovery Process 

Pursuant to the Court’s May 23, 2016, October 23, 2017 and August 16, 2018 

orders granting limited relief from the stay [Dkt. Nos. 185, 551 and 646], the Individual 

Defendants’ defense costs are paid from the Receivership Entity’s wasting D&O policies. 

Final resolution of the SEC’s claims against the Individual Defendants would benefit the 

Receivership Estate and the Aequitas investors by reducing the legal spend and 

corresponding depletion of the insurance policy limits. 

In the last report, the Receiver recommended that the Court refrain from lifting 

the stay of litigation against the Individual Defendants and the Receivership Entity until 

after December 31, 2018 because the SEC Staff and the Individual Defendants had 

reached a tentative resolution of the claims presented in the SEC Complaint, contingent 

upon approval by the Commission.7 The successful negotiations between the SEC Staff 

and the Individual Defendants paved the way for subsequent settlement negotiations 

between the Aequitas investors, the Individual Defendants, the Receivership Entity, as 

 

6 As of January 2019, access has been provided to 211 users from the following law firms, advisors and interested parties: 

Beugelmens LLP, Bressler, Amery & Ross, P.C., Corr Cronin, Deloitte, Department of Justice (United States), Eversheds 

Sutherland, FBI, Hart Wagner, Larkins Vacura Kayser, Latham & Watkins, Miller Nash Graham & Dunn LLP, Munger Tolles & 

Olson, NJ Attorney General's Bureau of Securities, Pepper Hamilton LLP, Schulte Roth & Zabel, Schwabe Williamson & 

Wyatt, Securities & Exchange Commission (SEC), Shartsis Friese & Ginsburg, Stoll Berne, The Ferranti Firm LLC, TM 

Financial Forensics, Winston & Strawn LLP The Receiver remains willing to work with any of the remaining law firms 

interested in accessing the consolidated database. 7 On June 1, 2018, the SEC Staff and Individual Defendants filed their Joint Stipulation To Stay Discovery And To Vacate All 

Pre-Trial Deadlines; Proposed Order [Dkt. 615] which order was granted the same day [Dkt. 616]. 
11 

well as the responsible insurance carriers. The Receiver and those parties held private 

mediation sessions on August 22, 2018 in Portland, Oregon, and on November 12, 

2018 in Seattle, Washington. As addressed in Section F. below, and in light of on-going 

mediation efforts, the Receiver continues to recommend that the Court refrain from 

lifting the stay of litigation against the Individual Defendants and the Receivership Entity 

until after March 30, 2019, by which time the Receiver will submit an interim 

recommendation based on whether he believes a further stay is in the best interests of 

the Receivership Entity and its investors/creditors. 

The Receiver recommends and will file a motion to establish an orderly discovery 

process including reasonable limitations upon the discovery that may be directed to the 

Receivership Entity. Obviously, the Receivership Estate would be unnecessarily 

diminished by subjecting the Receiver, FTI personnel, remaining Aequitas employees and 

the Receivership Entity’s engaged professionals to duplicative discovery in multiple 

lawsuits. The Receiver has addressed these concerns to counsel for investor claimants 

who support the general premise that discovery directed to the Receivership Entity must 

be organized and reasonably limited to avoid unnecessary depletion of the Receivership 

Estate. 

E. Forensic Report 

Pursuant to the Order which authorized and empowered the Receiver to 

investigate (the “Investigation”) the manner in which the financial affairs of the 

Receivership Entity were conducted, on November 21, 2018, the Receiver filed his 

Forensic Report [Dkt. 663]. The 137-page Forensic Report details the financial activities 

during the Relevant Period (defined in the Forensic Report as January 1, 2014 through 

March 16, 2016) and is supplemented by 35 pages of exhibits and supported by 425 

files obtained from the books and records of Receivership Entity. The following excerpt 
12 

from the Financial Report summarizes the Receiver’s findings and the Receiver directs 

you to the full Forensic Report for a more fulsome discussion of the findings: 

The Commission alleges in the Complaint that “...redemptions and interest 

payments to prior investors were being paid primarily from new investor money in 

a Ponzi-like [emphasis added] fashion....” While the Investigation uncovered 

frequent instances where redemptions and interest payments were financed by 

fundraising efforts or the movement of funds among entities to satisfy such 

obligations, that, in and of itself, does not qualify as a Ponzi scheme. The 

Forensic Report examines the Ponzi scheme construct and applies multiple 

factors by which a finder of fact could determine if the Aequitas scheme qualifies 

as such. 

Even though Aequitas does not present as a classically defined Ponzi 

scheme where there was no material business being conducted, there is still 

sufficient evidence of actual fraud and badges of fraud apparent that establish 

the Ponzi-like nature and fraudulent activity. The Investigation uncovered 

instances of self-dealing and misstatement of financial statements and activities 

intended to perpetuate an investor fraud. Based on the findings of the 

Investigation, it is the Receiver’s intention to seek the designation of a Ponzi 

scheme as it relates to the Receivership Entity. 

Since the publication of the Forensic Report, the Receiver has received mostly 

favorable response from governmental agencies and counsel for the investors. 

Additionally, a few items of feedback/revision are worthy of mention: 

In Section C.9, the Forensic Report states that “Since 2014, Aequitas paid $14.5 

million out of Investor funds in commissions and consulting fees in furtherance of the 
13 

scheme, often to unlicensed salespeople.” The resulting discussion and table8 in 

Section E.4.3.1 mistakenly include payments made to RP Capital that occurred in 2013. 

The revised total for payments made during the Relevant Period (as defined within the 

Forensic Report as January 1, 2014 through March 15, 2016) should be $12,397,919 

and specific to RP Capital should be $6,033,367. A revised table follows. 

Also related to the payments discussed in Section E.4.3.1, Mr. Jeff Sica (through 

his counsel) notified the Receiver that he objected to “inferences” in the Forensic Report 

as to his (1) involvement in any fundraising and (2) knowledge or complicity in the Ponzi 

scheme. To the Receiver’s knowledge, Mr. Sica does not dispute that he (and his related 

entities) received $1,520,000 in consulting fees and a $500,000 loan (principal 

 

8 Which table was attached to the Forensic Report as Exhibit C.9. 

Names Commissions Loans Consulting Fees Other Total

RP Capital, LLC 6,033,367 $ 6,033,367 $ 

Fieldstone Financial 1,408,994 1,408,994 

Kristofor Behn 25,000 25,000 

Circle Squared Alternative Investments, LLC 500,000 500,000 1,000,000 

Sica Wealth Management, LLC 1,020,000 1,020,000 

Atherton Capital Holdings, LLC 672,000 19,429 691,429 

Tom Szabo 13,424 13,424 

Fortress Investment Management, LLC 326,833 69,455 396,288 

Accelerate-IT, LLC 41,860 41,860 

MBO Partners (James Alexander) 155,000 160,000 66,887 381,887 

Jerome Anglade 210,000 210,000 

PPG Partners 225,000 225,000 

Nicholas Mavroleon 205,000 18,258 223,258 

Keith Gregg 30,617 115,323 145,939 

James Reinmuth 125,000 1,257 126,257 

Rachel Minard (Minard Capital) 90,000 8,341 98,341 

Matrix Capital 71,086 71,086 

William (Bill) Corbett 69,000 69,000 

George King 65,000 65,000 

Capital Alliance Partners 50,786 257 51,043 

Allen & Associates (Marcia Allen) 35,000 35,000 

Integrity Bank & Trust 22,224 22,224 

Hancock Securities 19,509 19,509 

Ocean Avenue Wealth Mgmt 19,500 19,500 

Elite Wealth Management Inc 4,512 4,512 

Total 6,298,462 $ 1,908,994 $ 3,658,942 $ 531,521 $ 12,397,919 $ 

Payments during the Relevant Time Period
14 

amount) which loan the Receiver contends is in default and now due and owing. The 

Receiver has again reviewed the information in the Forensic Report as it relates to Mr. 

Sica and can confirm that, per the Receivership’s books and records, $29,245,000 of 

investor’s funds were attributable to Mr. Sica’s clients – of which $23,670,000 was 

invested during the Relevant Period and $9,680,000 of such funds remained 

outstanding as of the Receivership Date. Further, the Receiver could not identify any 

inaccurate fact or “inference” as to what Mr. Sica knew or did not know within the 

Forensic Report. In the Receiver’s opinion, no changes to the Forensic Report are 

appropriate and Mr. Sica’s call for the report to be voluntarily sealed or redacted is 

rejected. 

Footnote 284 states: “As of January 28, 2016, the Aequitas Advisory Board 

consisted of William McCormick, Edmund Jensen, Patrick Terrell, Martin Brantley, 

William Glasgow J.D., Keith Barnes, Donna Miles, Robert (Bob) Zukis and Gerald Frank. 

Aequitas records show many of the advisors resigned around January 29, 2016.” Mr. 

Jensen challenged such a characterization and provided documentation (verified by the 

Receiver) which confirmed Mr. Jensen resigned from the Aequitas Advisory Board as of 

September 30, 2014 (which resignation the Receiver has now been able to determine 

was acknowledged by Aequitas on October 4, 2014). Despite having accepted his 

resignation, Aequitas continued to list Mr. Jensen as a member of the Aequitas Advisory 

Board in private placement memoranda disseminated throughout 2015 and was 

included in drafts in 2016. Based on the new information, the Receiver agrees that Mr. 

Jensen was not a member of the Aequitas Advisory Board on January 28, 2016 and will 

amend the Forensic Report accordingly. 
15 

F. Lifting the Stay of Litigation 

With the filing of the Forensic Report and given that the majority of the 

Receivership Entity’s assets have been sold or otherwise monetized, and the majority of 

outstanding governmental litigation has been settled, resources can be redirected to 

litigation-related matters without jeopardizing the Receivership’s other vital activities. 

As addressed above, the Receiver recommends that the Court refrain from lifting 

the stay of litigation against the Individual Defendants and the Receivership Entity until 

after March 30, 2019, by which time the Receiver will submit a further interim 

recommendation. In addition to seeking an order lifting the stay of litigation against the 

Individual Defendants and the Receivership Entity, the Receiver will thereafter seek 

orders (i) reasonably limiting discovery of the Receivership Entity and (ii) channeling 

investor and ordinary vendor claims into a systematic and efficient claims process, and 

(iii) establishing a claims resolution process to address more complex unliquidated 

creditor actions (see Section IV.B., below, for additional detail).

IV. Overview of the Receiver’s Activities 

A. Summary of Operations of the Receiver 

1. Day-to-Day Management 

With the termination of Aequitas management, the Receiver has needed to 

supervise the day-to-day operations of the various Receivership Entities. In addition to 

the daily management duties, the Receiver has focused on several key areas of his 

mandate, including the marshaling, preserving and monetizing of all assets for the 

benefit of the investors. 

2. Bank Accounts 

As discussed in the Initial Report, the Receiver has instituted an integrated online platform that facilitates banking, future claims processing, and cash reporting for 
16 

receivership cases. As assets are being monetized, the Receiver has been closing bank 

accounts that are no longer necessary. 

Cash basis reports including information for the current reporting period and case 

to date are attached as Exhibit B. 

3. Staffing 

a. Headcount

The Receiver continues to maintain the minimum staff necessary for the 

Receivership and enterprise to operate efficiently and effectively. As of December 31, 

2018, the Receivership Entity had 10 full-time employees and 1 part-time employee 

(unchanged from the prior quarter). In January 2019, the Receiver anticipates scaling 

back the number of full-time employees by one. The Receiver’s employee retention 

program provides for at least six-weeks’ notice to employees whose services are 

anticipated to no longer be required by the Receivership. 

b. Contractors 

In response to staff attrition in addition to the planned reductions, the Receiver 

necessarily backfilled key accounting and technology positions with local independent 

contractors (not affiliated with FTI). As of December 31, 2018, the Receivership 

employed two full-time equivalent accounting contractors (a decrease from three in the 

prior period) and two part-time IT contractors (unchanged from the prior quarter). 

4. Tax Preparation 

In the ordinary course of business, the Receivership has many reporting and tax 

preparation responsibilities to investors and taxing authorities. With the resignation of 

Deloitte LLP as Aequitas’ auditor and tax preparer, the Receiver was required to seek out 

and engage new professionals to fulfill those requirements.

a. Tax Preparer 
17 

The Receiver retained a tax specialist to assist legacy Aequitas staff in the 

preparation of tax and information returns, and to provide tax consulting services on an 

as-needed basis at the request of the Receiver. 

b. Other Tax Matters 

2018 tax reporting begins in January 2019 with 1099 information reporting as 

applicable. 

The Receiver expects to provide estimates to fund members for the remaining 

funds consistent with timing in prior years. Form k-1s will be provided as returns are 

completed in summer 2019. 

The remaining investor equity funds are: 

 Aequitas Income Protection Fund LLC 

 Aequitas Enhanced Income Fund LLC 

 Aequitas Hybrid Fund LLC 

Extensions for the 2018 returns for the remaining Aequitas entities are due in 

March and April 2019. The completed returns are due in September and October 2019. 

Federal and state tax reporting for the Aequitas multi-tier structure will continue 

to be required until there is a conversion of the structure. Depending on the timing, 

short prior returns could be required. 

c. Tax Reform Impact and Other Tax Law Changes 

A comprehensive review of the impacts of tax reform on the Receivership is 

ongoing and will continue as the 2018 returns are prepared. The Receiver cannot 

provide tax advice to investors. Investors are urged to consult their own tax advisors for 

guidance and counsel about the applicability and impact of the significant tax law 

changes that were enacted in late 2017 by the Tax Cuts and Jobs Act (TCJA, P.L. 115-97, 

12/22/2017). 
18 

The information provided here may be helpful to investors and their advisors in 

identifying changes that should be reviewed. This list may not contain all the impacts 

and other guidance may be applicable. It is not intended to replace advice from your 

own advisors. 

Tax law changes include: 

1. IRC Section 199A: Qualified Business Income Deduction 

The 2017 Tax Cuts and Jobs Act created a 20% deduction for “qualified business 

income” from pass-through businesses. All the remaining investor equity funds and 

many of the other receivership entities are pass-through businesses. The Receivership 

will be providing required disclosure on 2018 form k-1s to assist recipients in 

determining if there is an impact from Section 199A. The 20% deduction, if applicable, 

is claimed on a member’s return. Investors should consult with their tax advisors to 

determine any impact. 

2. Other Changes: 

Federal tax elimination of loss carrybacks, reduction of tax rates and changes to 

casualty/theft loss provisions could impact tax reporting for investors. These changes 

will impact investors differently depending on how investments and income were 

reported in prior years. States and other localities where investors or the Receivership 

file returns may or may not have adopted the federal tax changes. The Receivership 

cannot provide member specific advice or guidance. Investors should consult with their 

tax advisors to determine any impact from these changes. 

3. IRC Section 6221: Determination at partnership level 

Beginning with the 2018 tax year, federal tax attributable to adjustments made 

during audits or other changes resulting in tax due will be assessed at the entity level. 

This means that a receivership pass-through entity could be subject to tax. The 
19 

receivership will be monitoring the impact of the new provision and evaluating the 

available options to elect out, as possible. Members are required to receive notice of 

electing out of the new provisions. 

Information reporting for student loans held by Campus Student Funding LLC was 

required in connection with debt cancellation that was provided under the terms of the 

settlement with the CFPB and state Attorneys General. Receiver and his legal counsel 

had been working with the IRS and had requested a Private Letter Ruling that would 

eliminate the need for the information reporting. Such relief from the reporting 

requirements was denied by the IRS. Receiver had also filed a request for an extension 

of the deadline to mail informational forms (1099’s) to the student borrowers (which 

request was granted in January 2018). On or about March 2, 2018, the Receivership 

mailed out ~42,000 informational tax forms to the student borrowers. Subsequent to 

the extended deadline to file the 1099’s, and during the third quarter of 2018, the 

Receiver received notice that the IRS had determined that the debt forgiveness may not 

be taxable income to the borrowers. Borrowers should see IRS Revenue Procedure 18-

39 at https://www.irs.gov/pub/irs-drop/rp-18-39.pdf and consult their tax advisor for 

applicability. 

During the fourth quarter of 2018, the Receivership staff and retained 

professionals continued to field direct inquiries from the borrowers about the 1099 tax 

forms, monitored the activities of the call center that also handled such inquiries, and 

communicated with the IRS, CFPB, and state Attorneys General on matters related to the 

tax implications of the debt forgiveness on the student borrowers. 
20 

5. Payments made on behalf of the defense of the Individual Defendants 

Pursuant to the Court’s May 23, 2016 order granting limited relief from the stay 

to permit payment of defense costs for the Individual Defendants under the 

Receivership’s D&O policy, the Individual Defendants are required to submit to the 

Receiver on a quarterly basis, commencing within 90 days of the entry of the order, a 

report reflecting the aggregate amount of defense costs paid by the insurers on behalf of 

the former executives during the prior quarter. 

The Receiver had been informed by counsel for XL Catlin, the insurer providing 

the first tier of $5 million coverage, that the total of the payments made by XL Catlin as 

of July 7, 2017 was $5 million. The Receiver refused to stipulate to the payment of the 

Individual Defendants’ claimed defense costs by the insurer providing the next $5 

million tier of coverage – Forge Underwriting Ltd. (Forge). The Individual Defendants filed 

motions for relief from the Order Appointing Receiver for the purpose of permitting Forge 

to reimburse their defense costs. The Receiver vigorously opposed the motions on a 

number of grounds, specifically including the fact that the Receivership Entity faces 

claims of Aequitas investors totaling over $600 million. 

The Receivership Entity is also insured under the subject policies, with coverage 

limits being depleted by the defense spend of the Individual Defendants. In August 

2017, numerous counsel for the hundreds of Aequitas investors submitted written 

claims/demands to the Receiver totaling over $600 million. The Receiver’s insurance 

coverage counsel promptly tendered those claims to the Receivership Entity’s insurance 

carriers. 

Pursuant to the Court’s October 23, 2017 order granting further limited relief 

from the stay, Forge was permitted to pay the Individual Defendants’ reasonably-
21 

incurred defense costs. The Receiver has been informed that Forge made payments 

totaling $5 million, exhausting the second tier of coverage. 

To facilitate the Individual Defendants’ participation in a private mediation of 

claims amongst the Receivership Entity, the Aequitas investors, the Individual 

Defendants and the responsible insurance carriers, the Receiver stipulated to limited 

relief from the stay to permit the payment of the Individual Defendants’ reasonable and 

related Defense Costs by Starr Indemnity & Liability Company (“Starr”) not to exceed 

certain specified amounts. The Receiver has been informed that, in the fourth quarter of 

2018, approximately $266,000 was paid in defense costs, with another several ten 

thousand dollars of invoices related to Defense Costs that are currently outstanding. 

6. Ongoing Litigation 

Receivership creditors Weider Health & Fitness and Bruce Forman 

(Weider/Forman) alleged a security interest in the medical receivables held by certain 

affiliates of CarePayment Holdings LLC and demanded adequate protection related to 

the sale of those medical receivables. As previously reported, on April 6, 2018, 

Weider/Forman filed a petition to the Ninth Circuit [9th Cir. Case No. 18-70984, Dkt. 1], 

asking the appellate court to force the district court to impose a dedicated reserve for 

their benefit. Weider/Forman additionally moved the Ninth Circuit to “stay” the district 

court’s order denying Weider/Forman a reserve [9th Cir Case No. 18-70984, Dkt. 2]. On 

April 26, 2018, the Ninth Circuit denied Weider/Forman’s petition and motion. [9th Cir 

Case No. 18-70984, Dkt. 10]. 

The Receiver is presently engaged in negotiations with a number of parties to 

recover Receivership Assets and/or to resolve substantial, disputed claims. Consistent 

with the Court’s prior orders, to the extent negotiated resolutions are not reached with 
22 

any of the parties, the Receiver will file additional actions. Additionally, the Receiver 

continues to actively support investor actions against third-party professionals. 

Another significant claim against the Receivership which is currently stayed is by 

American Student Financial Group, Inc. (“ASFG”) in connection with the Corinthian 

student loan receivables program. During the third quarter of 2018, the Receiver met 

with representatives of ASFG in an effort to resolve the claims between the Receivership 

Entity and ASFG. As a follow up to this meeting, in the fourth quarter of 2018, the 

Receiver and his counsel continued their attempts to reach a consensual resolution of 

the alleged claims, but these efforts have not yet come to fruition. The Receiver has 

necessarily continued to expend considerable resources in connection with analyzing the 

respective claims of the Receivership Entity and ASFG as well as the extensive loan 

portfolio data, in preparation for the referenced settlement discussions and, if 

necessary, litigated resolution. 

B. Development of Claims Process 

The Receiver has substantially completed quantifying and validating 

approximately $600 million of investor claims. This involved reconciling tens of 

thousands of investor investment/redemption activities documented by the books and 

records of the Receivership, which, because Aequitas did not utilize a consolidated 

accounting and investor reporting platform, required reconciling investor account 

statements produced outside the accounting system with separate accounting and tax 

records. Additional validations were necessary to the extent issues are discovered during 

the reconciliation process and to the extent the Receivership’s records do not align with 

investor and creditor records. 

As of June 30, 2018, 2,561 investor data validation packets (including Integrity 

investors) have been sent to investors representing substantially all of the invested 
23 

capital in ACF Private Note, Income Opportunity Fund, Income Opportunity Fund II, 

Income Protection Fund, Private Client Fund, Enhanced Income Fund, ACC C Plus 

Holdings, ACC F Plus Holdings, Aequitas Peer-to-Peer Funding, CarePayment Holdings, 

ML Financial Holdings, and MotoLease Financial. 

During the third and fourth quarters of 2018, the Receiver undertook a significant 

effort involving integration of information on interest and return payments made to 

investors prior to the Receivership into the comprehensive investor activity database 

that the Receiver has developed. Given the uncertainty of the nature of a future 

distribution plan, the Receiver has determined that it was necessary to supplement the 

investor activity database with the detail of interest and return payments in order to be 

able to accommodate a wider range of possible distribution plans and be able to readily 

access this important information. The Receivership staff and retained professionals 

worked to review numerous Aequitas Excel-based schedules, capture the relevant 

information involving approximately 19,000 transactions, and then map and integrate 

such information into the existing database. This work is nearing completion, in 

preparation for the claims process. 

The Receiver and the retained professionals have designed and drafted the 

necessary documentation for the upcoming claims process. The Receivership staff also 

interviewed several potential claim agent vendors and reviewed such vendors’ 

capabilities, tools, and process, as well as solicited proposals to provide claims agent 

services. Ultimately, the Receiver has made a decision to hire Epiq Restructuring 

Services, LLC as a claims agent. On February 12, 2019, the Receiver circulated a claims 

motion for conferral and, thereafter, will file it with the Court. 
24 

V. Disposition of Assets/Interests 

A. Assets/Interests Sold 

1. CarePayment Medical Receivables 

On December 21, 2017, CPLLC and CPFIT sold the remaining healthcare receivables to 

an affiliate of CPYT. This marked a major milestone in the Receivership’s successful complete 

liquidation of the CarePayment receivables portfolio. 

Throughout 2018, we continued to work closely with CPYT to finalize separation of the 

CarePayment platform from the Receivership. The Receivership continued to negotiate and 

execute documentation with healthcare providers that resulted in releases to the Receivership 

Entities in connection with prior contractual obligations of CPLLC and assignment of the 

agreements to an affiliate of CPYT. Such releases and assignments reduce the risk to the 

Receivership Entity going forward and are intended to minimize any potential future claims from 

the providers. As of December 31, 2018, the Receiver obtained releases and provider 

agreement assignments in connection with 32 contracts, encompassing approximately 120 

medical facilities. Several additional agreements with hospital providers were terminated. To 

the best of Receiver’s knowledge, the Receivership has resolved all the outstanding 

CarePayment provider agreements by either assigning them to an affiliate of CPYT (with a 

release to the Receivership Entity) or by terminating such agreements. The Receiver, jointly with 

CPYT, is continuing to work on terminating or transitioning the remaining contractual 

relationships with marketing partners, targeting to complete the vast majority of such 

transitions by the end of February 2019. 

2. Coeur d’Alene, Idaho real estate 

The Receivership sold a vacant lake-front, recreational home in Coeur d’Alene, Idaho, 

legally described as: Lot 6, Washington Place Subdivision, according to the plat recorded in 

Book F of Plats, Pager 4, records of Kootenai County, Idaho (the “Real Property”) on April 30, 
25 

2018. As part of the transaction, the Receivership received a $550,000 secured promissory 

note from the buyer bearing interest at the rate of 5.0% and repaid on a 30-year amortization 

schedule at the rate of $2,952/month. The unpaid balance of the Loan was due nine (9) 

months after closing of the sale or by January 31, 2019. The Loan was secured by a first priority 

deed of trust lien on the Real Property. The purchaser repaid the note in full during the fourth 

quarter of 2018. 

3. Claims against Gerald Frank 

The Receiver continues to work with CPYT regarding the monetization of 111,573 

shares of Class A Common Stock in CPYT received as part of the settlement with Gerald 

W. Frank and the Gerald W. Frank Revocable Living Trust related to the Rock and Roll 

restaurant loan. 

4. Syncronex, LLC9 

Syncronex LLC provides technology solutions to the publishing industry via 

multiple products. It offers syncAccess, a cloud-based pay meter solution that helps 

newspaper publishers to develop, configure, own, and evolve mobile and digital 

products.

The Receiver, on behalf of each of AHL, ACL, ACF, APF, and Aequitas Management, LLC 

(“AML”), (AHL, AML, ACL and APF each a “Seller Entity,” and collectively the “Seller Entities”), 

entered into a Purchase Agreement dated as of April 9, 2018, subject to approval of this Court, 

with Silvermine Media Holdings, LLC (“Purchaser”), which provides the terms for sale of the 

Seller Entities’ (a) membership interests in Company, and (b) their lenders’ interests in certain 

loans to Company (together, the “Assigned Interests”, as defined in the Purchase Agreement). 

The Court issued its Order Granting Receiver's Motion To Sell Personal Property To Silvermine 

Media Holdings, LLC, Free And Clear Of Liens, Interests, Claims And Encumbrances relative to 

 

9 http://www.syncronex.com/en/ 
26 

the Assigned Interests on May 17, 2018 [Dkt. 614] and the sale closed on June 15, 2018 

repaying the AHL Loan in full. Pursuant to the Purchase Agreement, the Purchaser had until 

September 15, 2018 to calculate a purchase price adjustment for operating capital which could 

result in the receipt of additional consideration of up to $75,000. On September 14, 2018, the 

Purchaser advised the Receivership that the review of the Closing Balance Sheet had concluded 

and the Losses (as defined in the Purchase Agreement) exceed $75,000 by a substantial 

margin and, accordingly, the Purchase Price will be reduced by $75,000 pursuant to the terms 

of the Purchase Agreement. The Receivership requested and received additional information 

regarding the adjustments and continues to evaluate potential remedies.

B. Ongoing Asset Monetization and Sales Efforts 

1. Campus Student Funding 

On August 17, 2017, the Court approved Receiver entering into the nationwide 

settlement with Consumer Financial Protection Bureau (CFPB) and thirteen state 

Attorneys General in connection with the Corinthian Colleges private student loan 

portfolio owned by the Receivership (the “Settlement”) [Dkt. 495]. 

All 14 individual settlements are on identical terms, although the form and 

structure of the settlement and ensuing court orders differ among the states. States that 

joined the settlement include: California, Colorado, Connecticut, Florida, Illinois, Iowa, 

Kentucky, Maryland, New York, Oregon, Pennsylvania, Texas, and Washington. The CFPB 

settlement pertains to all students nationally; the state settlements cover approximately 

65% of the then outstanding receivables balance. 

While the Settlement represents significant relief to the borrowers in terms of the 

unpaid principal balance reduction and credit history “clean-up”, it is beneficial for the 

Receivership Entity as it: 
27 

 Allows the Receivership to sell the portfolio (after a significant settlement 

implementation process and period) and substantially enhances the 

marketability of the portfolio; 

 Preserves the Receivership’s (or purchaser's) ability to collect and pursue 

collection actions for the Active Loans, thus preserving value in the 

remaining portfolio; 

 Avoids significant legal costs and disruption associated with on-going 

actions by CFPB and likely actions by state Attorneys General. 

In addition to the Settlement discussed above, after extensive negotiations, the 

Receiver has reached a separate settlement with the Attorney General of Massachusetts 

(the “Massachusetts Settlement”), who had not previously joined the Settlement 

reached with CFPB and thirteen individual states. On June 12, 2018, the Court 

approved the Receiver’s Motion for Approval of Proposed Settlement with 

Massachusetts Attorney General. [Dkt. 620]. The Massachusetts Settlement, 

implemented in the form of an Assurance of Discontinuance, became effective on June 

21, 2018. 

Following the very significant effort expended by the Receivership on the 

implementation of the Settlement at the end of 2017 and in the beginning of 2018 

which resulted in processing relief in connection with approximately 47,000 loans, the 

Receiver continued to implement the remaining obligations under the Settlement in 

2018. In the third quarter of 2018, the Receiver developed and submitted the second 

Settlement compliance progress report to CFPB and thirteen state Attorneys General. 

Following the submission of the compliance progress report, no Settlement compliance 

issues were brought up by CFPB and state Attorneys General. The Receivership staff and 
28 

retained professionals continued to work with the regulators to address any questions 

that came up in the course of the operations of the portfolio. 

Additionally, we have continued to maintain and update a detailed informational 

website for the borrowers in connection with the Settlement. Through December 31, 

2018, the website had received 86,872 hits from 37,572 visitors. Most of the borrower 

inquiries are being addressed by the servicer but the Receivership also addressed 1,303 

borrower inquiries directly (through January 15, 2019). In addition to addressing direct 

borrower inquiries, the Receivership staff and retained professionals monitor, review, 

and respond to borrower complaints that are submitted through the CFPB on-line 

consumer complaint portal or through other venues. All these activities are instrumental 

in mitigating the Settlement implementation risk to the Receivership, reducing the 

number of potential borrower complaints, and stabilizing the portfolio. 

Furthermore, during the fourth quarter of 2018, the Receiver continued the 

implementation of the Massachusetts Settlement, overseeing the activities of University 

Accounting Service (the loan servicer) in providing borrower debt discharge and cash 

refunds as needed. 

As discussed previously in the report, and despite the intervention of the IRS 

Taxpayer Advocate Service office, the IRS did not agree to waive the requirement for the 

Receiver to provide informational tax forms (1099’s) to student borrowers in connection 

with the debt discharge granted as part of the Settlement. In the first quarter of 2018, 

the Receivership staff, retained professionals, and a specialty vendor prepared and 

mailed out approximately 42,000 informational tax forms. To handle potential borrower 

inquiries related to the 1099 tax forms, the Receivership has set up an outsourced call 

center that handled 1,944 calls, including 861 calls answered by agents, through 

December 31, 2018 (the rest of the callers chose to only listen to a detailed recorded 
29 

message). The Receivership staff and retained professionals worked closely with the 

call center vendor to review call logs and monitor the performance to make sure that the 

borrowers receive appropriate information. 

During the fourth quarter of 2018, the Receivership has also continued to expend 

significant effort on matters related to the existing servicing agreement with University 

Accounting Service (“UAS”) and on evaluating other options. The contract negotiations 

with the servicer are ongoing. The Receivership team worked closely with UAS and 

Receivership counsel on designing and implementing certain updates and additions to 

the existing servicing policies that would provide more loan repayment options to the 

borrowers. Going forward, we will continue working with the loan servicer and our other 

service providers to complete the implementation of the Settlement and the 

Massachusetts Settlement and to adjust loan servicing requirements as necessary 

based on the performance of the portfolio. The Receiver is also evaluating the next steps 

in connection with the monetization of the remaining portfolio. 

2. ACC Holdings 5 (Luxembourg Bonds) 

As detailed in Receiver’s Reports, the Receivership Entity is involved in a complex 

trust structure (the "Lux Investment") related to several series of bonds offered on the 

Luxembourg Stock Exchange (the “Bonds”) to non-U.S. investors. The issuer of such 

bonds is Aequitas Income Opportunities S.A. (the “Issuer”), which is not part of the 

Receivership Entity. Issuer is an independent company that is owned by a Dutch 

Stichting (foundation) and managed by an independent Board of Directors (the “Lux 

Board”).10 During the quarter, the Receiver received an objection from counsel for the 

Lux Board as to the Receiver’s ongoing practice of deducting the contracted monthly 

 

10 Consisting of Mr. Andrew MacRitchie, Mr. Elvin Montes and Ms. Laetitia Antoine. Mr. MacRitchie was formerly an officer 

of the Receivership Entity and owns a minority membership interest in Aequitas Management LLC ("AM"). The other 

directors do not have any past relationships with the Receivership Entity. 
30 

management fee from the underlying investments. While the Receiver evaluates the 

relevant contracts and rights, and pending negotiations with representatives of the Lux 

Board, the Receiver intends to accrue as a receivable but not collect the management 

fee.

3. MotoLease Financial (MLF) 

MLF holds subprime consumer leases for motorcycle and other recreational 

vehicles. Through December 31, 2018, the Receiver has collected approximately $14.7 

million on account of the leases owned at the beginning of the Receivership. As of 

December 31, 2018, the remaining portfolio (excluding repossessed motorcycles) had a 

face value of approximately $1.7 million, of which $1.5 million is less than 60 days past 

due. Additionally, MLF had in its possession 52 vehicles with cumulative outstanding 

lease balances of $358,000 that are in various stages of reconditioning and/or resale. 

The Receiver is also reviewing potential claims related to the refurbishment of the 

repossessed assets. Given the small size of the remaining portfolio and continued 

payment performance, the Receiver believes the most cost-effective way to monetize 

this asset is through continued ordinary course runoff of the portfolio in the near term. 

4. Pipeline Health Holdings, LLC (“Pipeline”)11 

PCF owns 12.6% of Pipeline, which is a telepharmacy platform offering both a full 

service telepharmacy and software as a service (SaaS) technology. Pipeline offers 

telepharmacy to hospitals and hospital networks. The Receiver continues to explore 

opportunities to monetize this asset. 

 

11 http://www.pipelinerx.com/ 
31 

5. Portland Seed Fund (PSF)12 

Portland Seed fund is an investment in a local venture capital fund providing 

early stage capital to Oregon based start-ups. The Receiver continues to seek 

opportunities to monetize the remaining PSF interest. 

6. WorkAmerica 

 WorkAmerica offers a web-based platform to source qualified job candidates 

from community colleges, technical colleges, and vocational training centers nationwide. 

ACF made a $250,000 loan to WorkAmerica in April 2014 via a Convertible Promissory 

Note (“Note”). WorkAmerica is in default under the terms of the Note due to its failure to 

make timely payments when due. The Note matured on October 18, 2015, at which 

time the outstanding principal balance and all accrued and unpaid interest was due and 

payable. 

The Receiver has been advised that WorkAmerica is insolvent (total outstanding 

note holders are estimated at $2 million) and in the process of being acquired by a 

competitor. The acquirer is offering to distribute directly to WorkAmerica noteholders a 

convertible note to be issued upfront and an additional convertible note tied to a 

potential earn-out which would indicate a recovery of 5-15% of outstanding debt. The 

Receiver is reviewing the offer and additional documentation has been requested.

VI. Communications to Interested Parties 

A. Ongoing Communication with Investors/Counsel 

To facilitate regular communication regarding significant opportunities, 

challenges and actions, the Receiver formed the Investor Advisory Committee (the 

“IAC”). Participation was initially solicited based on size of the investor or investment 

advisor and with an eye toward ensuring that all of the significant constituencies would 

 

12 http://portlandseedfund.com/ 
32 

be represented. Further, the Receiver received several inquiries from additional 

investors who desired to participate in the IAC. The Receiver evaluated each of these 

requests and accommodated the investor when circumstances warranted. The last IAC 

meeting was held on November 13, 2018. Additionally, the Receiver, his legal counsel, 

and staff stay in regular contact with the IAC members and their legal counsel, including 

addressing investor inquiries. The next IAC meeting is anticipated to occur during the 

first quarter of 2019. 

The Receiver believes litigation settlements are or will soon be available which 

could return tens of millions of dollars directly to investors much quicker than will be 

required to resolve the Receivership. However, such settlements require the 

cooperation and agreement of numerous groups of investor plaintiffs who hold claims 

against the defendants. The Receiver and his team expended considerable effort to 

facilitate an agreement among represented investors to govern both the percentage of 

litigation recoveries to be paid to investors’ counsel and the allocation of those fees 

among the counsel. Such an agreement would likely result in greater cooperation and 

coordination among investors’ counsel, which would then lead to earlier and greater 

recoveries available for interim distributions on account of settlements available now 

and in the future. The Receiver understands that the investor groups recently utilized the 

Receiver’s allocation recommendation in executing settlement agreements with the law 

firm of Tonkon Torp. 

The Receiver continues to press stakeholders to pursue early, negotiated 

resolutions as opposed to engaging in protracted litigation. 
33 

B. SEC and Other Governmental Agencies 

1. SEC 

As previously discussed, on March 10, 2016, the SEC filed a complaint in this 

Court alleging that certain Aequitas executives and five entities had violated various 

federal securities laws. On June 6, 2016, the SEC and the Receiver, acting on behalf of 

the Aequitas Entity Defendants, filed a consent judgment with the Court, which resolved 

the claims set forth in the SEC Complaint against the Entity Defendants only, without 

admitting or denying the numerous allegations. We continue to interact and cooperate 

with the SEC (including substantial discovery requests), as required by the consent 

judgement, but there is nothing new to report as of now (other than the developments 

referenced in section III.D.2. above). 

2. CSF and CFPB, and State Attorneys General 

Please see section V.B.1 above for the discussion of the Settlement with CFPB 

and fourteen state Attorneys General. 

3. Additional Governmental Agencies 

The Receiver has expended significant efforts to comply with various subpoenas 

and discovery requests from state and federal agencies as those investigations 

continue. 

VII. Lender Relationships 

A. Retirement of Institutional Debt 

 The Receivership Entities and affiliates have retired, generally on discounted 

terms, the entirety of the approximately $104 million of institutional secured debt. 
34 

VIII. Assets in the Possession, Custody and Control of the Receivership 

Estate 

A. Cash and Cash Equivalents 

The Receiver had cash balances of approximately $117.2 million as of December 

31, 2018 for the entities included in the Receivership Entity. Over the period from 

March 16, 2016 to December 31, 2018, the overall cash balance of the Receivership 

Entity increased by approximately $101.3 million. 

Attached as Exhibit B to this Report is the Report of Cash Receipts and 

Disbursements in the form of the Standardized Fund Accounting Reports as prescribed 

by the SEC. The reports, together with the accompanying footnotes and detailed 

schedules, provide an accounting of the Receivership Entity’s cash activities through 

December 31, 2018.

IX. Asset Recovery – Anticipated Assets not yet in the Possession of the 

Receivership Entity 

The Receiver believes Next Motorcycle, LLC and/or its affiliates possesses or 

have previously possessed approximately 46 motorcycle assets (or the funds due from 

the sale of said assets) which are currently not in the possession of the Receivership 

Entity. Due to the unknown condition or value of these vehicles and the associated 

litigation costs to pursue recovery, the Receiver continues to evaluate various options to 

pursue a recovery (or abandon if non-economic to pursue) on all or some of these 

assets. 

X. Accrued Professional Fees 

As previously discussed, the Receiver has retained several key professionals to 

assist him in managing the various Aequitas entities, dealing with inquiries/ 
35 

investigations from governmental agencies and prosecuting his mandate as the 

Receiver. 

The amounts are preliminary and subject to adjustment based on the interim and 

final fee applications. Detailed time records and supporting documents are being 

supplied to the Commission and fee applications will be filed with the Court for Court 

approval prior to the payment. All professionals, including the Receiver, are working at a 

discount to their standard rates. 

 

XI. Receivership Claimants 

In the Initial Report, the Receiver provided a summary compilation of claimants. 

The summary reflected the Aequitas entities where claimants invested/loaned funds. It 

does not reflect any subsequent inter-company investments/loans by the Aequitas 

entities. Interests in ACF “private notes” held by three investors and totaling 

approximately $9.55 million in stated principal balance and participation interest in four 

notes issued by IOF II totaling $1,070,000 in stated principal balance have been sold by 

investors and ownership transferred on the Receivership’s records. 

Aequitas Receivership

Professional Fees & Expenses by Entity (from October 1 through December 31, 2018)

Entity Fees ($) Percentage Expenses ($) Percentage Total ($) Percentage

Receiver 61,751.00 4.3% 1,959.79 8.8% 63,710.79 4.3%

FTI Consulting 723,170.00 49.9% 11,480.30 51.6% 734,650.30 50.0%

Pepper Hamilton 41,435.90 2.9% 1,873.12 8.4% 43,309.02 2.9%

Schwabe, Williamson & Wyatt 440,064.50 30.4% 4,330.27 19.5% 444,394.77 30.2%

Morrison Foerster 5,913.90 0.4% - 0.0% 5,913.90 0.4%

Law Office of Stanley H. Shure 91,200.70 6.3% 1,098.43 4.9% 92,299.13 6.3%

Snell & Wilmer 84,982.50 5.9% 1,506.01 6.8% 86,488.51 5.9%

Pachulski Stang Ziehl & Jones[1] 0.0% - - 0.0% - 0.0%

Akin Gump [1] 0.0% - - 0.0% - 0.0%

Ater Wynne [1] 0.0% - - 0.0% - 0.0%

Total: 1,448,518.50 100% 22,247.92 100% 1,470,766.42 100%

[1] Pachulski Stang Ziehl & Jones, Akin Gump, and Ater Wynne did not incur fees or expenses during the billing period.
36 

XII. Timeline and Distributions 

As discussed more fully in the Report, the Receiver has made very substantial 

progress in actively recovering, stabilizing and monetizing assets, has consolidated and 

rationalized the terabytes of electronic data and facilitated access by litigating parties, 

effected settlements with multiple governmental agencies, and has finalized the initial 

forensic investigation and claims process---but work on each of these activities is still 

continuing. At this stage it is impossible to provide a definitive timeline for the 

completion of these and subsequent phases of the Receivership – culminating in a 

comprehensive, court-approved distribution plan to investors and creditors. This 

Receivership, comprised directly of 48 entities and almost a dozen more affiliated 

entities, and involving many operating business (as opposed to owning passive financial 

assets), is extraordinarily complex and it will take considerable time until distributions to 

investors can be made from the Receivership Estate. However, the Receiver has 

facilitated several approved and pending settlements between Investors and 

professionals and IRAs, the proceeds of which have been, and are intended to be, 

distributed (with the assistance of the Receiver) shortly after court approval of the 

settlements. 

The Receiver has also evaluated the feasibility of an initial, partial distribution 

from the considerable funds now on hand. However, that is not feasible until the 

Receivership has resolved some of the more significant unliquidated vendor claims and 

competing claims of alleged holders of security interests. The foregoing 

notwithstanding, the Receiver has initiated preliminary discussions with the IAC 

regarding the forensic findings, the impact of those findings on a potential distribution 

plan and various possible distribution plan structures. 
37 

Exhibits 

A. Aequitas Entity Structure 

B. Report of Cash Receipts and Disbursements (Standardized Fund Accounting Report) 

C. Acronyms Glossary 
 

 

Exhibit A 
Aequitas Entity Structure

NOTE: Does not include inactive

and non‐operating entities

~12.6%

Aequitas

Management, LLC

(OR)

Aequitas

Holdings, LLC

(OR)

83.6%

Ownership

100% Control

Executive

Falcon, LLC

(OR)

100%

Aequitas

Commercial

Finance, LLC

(OR)

100%

CarePayment

Holdings, LLC

(DE)

CarePayment,

LLC

(OR)

Campus Student

Funding, LLC

(OR)

ML Financial

Holdings, LLC

(DE)

MotoLease

Financial, LLC

(OR)

Aequitas

Peer‐To‐Peer

Funding, LLC

(DE)

ACC

Holdings 1, LLC

(DE)

100%

100%

100% 100%

100% 100%

100% 100%

CP Funding I

Holdings, LLC

(DE)

100%

ACC F Plus

Holdings, LLC

(DE)

100%

100%

Aequitas Capital

Management, Inc.

(OR)

Aequitas

Capital

Opportunities

GP, LLC

(DE)

Spouting

Rock Financial

Partners, LLC

(DE)

100% 2.7% 75% 100%

A

I

Op

Fu

Aequitas

ETC Founders

Fund, LLC

(DE)

Aequitas

Income

Opportunity

Fund II, LLC

(DE)

Aequitas

Hybrid Fund, LLC

(OR)

Aequitas

Commercial

Finance, LLC

100% 15.4%

Aequitas

WRFF I, LL

(DE)

Aequitas

Holdings, LLC

14% 

Aequitas Capital

Opportunities

Fund, LP

(DE)

51.9%

3.6%

GP; 1% LP

Aequitas

Enterprise

Services, LLC

(DE)

100%

25%

EDPlus

Holdings, LLC

(OR)

Alternative

Capital

Advisers, LLC

(DE)

MotoLease,

LLC

(DE)

SCA

Holdings, LLC

(WA)

CarePayment

Technologies, Inc.

(OR)

ETC Global

Group, LLC

(DE)

QuarterSpot, Inc.

(DE)

Window Ro

Aequitas Resid

Recovery Fun

(DE)

LP

17.9% 92.1% 79% 23% 4.9% 25%

28.9%

100%

Ivey

Performance

Marketing, LLC

(OR)

Gridbox

Media, LLC

(DE)

24.3%

80.3% 9

100% 100% 

ACC

Holdings 2, LLC

(DE)

100%

ACC

C Plus

Holdings, LLC

(DE)

100%

Aequitas

Senior Housing

Operations, LLC

(DE)

Ledgestone

Management, LLC

(DE)

32.9%

Ledgestone

Holdings, LLC

(DE)

Ledgestone

Property

(DE)

32.9%

100%

Aequitas

Corporate

Lending, LLC

(OR)

100%

Portland Seed

Fund II, LLC

(DE)

LP

Aequitas

Wealth

Management, LLC

(DE)

Hickory Growth

Partners, LLC

(DE)

100%

80%

Aspen Grove

Equity

Solutions, LLC

(OR)

Private Advisory

Group, LLC

(WA)

60%

68.2%

Aequitas Wealth

Management

Partner Fund, LLC

(DE)

100%

AAM Fund

Investment, LLC

(DE)

Innovator

Holdings, LLC

(DE)

Aequitas Asset

Management

Oregon, LLC

(DE)

100%

100%

100% 100%

Strategic

Capital

Alternatives, LLC

100%

Argentus

Partners, LLC

75%

MOGL Loyalty

Services, Inc.

(DE)

Independence

Bancshares, Inc.

(SC)

Aequitas

International

Holdings, LLC

(DE)

Aequitas

International

Opportunities LP

(Cayman Islands)

GP

ACC

Holdings 5, LLC

(DE)

ACC Funding

Series Trust

2015‐5

(DE)

100%

12.6%

9.9%

11%

7.1%

29.2% 

Innovator

Management, LLC

(DE)

51%

<.1

Aequitas

Holdings, LLC 8.1%

ACC Funding

Trust 2014‐2

(DE)

ACC Funding

Trust 2014‐1

(DE)

CP Funding

I Trust

(DE)

100% 100% 100%

Pa

C

Marketing

Services

Platform, Inc.

(DE)

Skagit

Gardens, 

(WA)

Aequitas

Investment

Management, LL

(OR)

Pipeline Health

Holdings, LLC

(DE)

Unigo Student

Funding, LLC

(DE)

The Hill

Land, LLC

(OR)

Aequitas Senior

Housing, LLC

(DE)

Aequitas

Private Client

Fund, LLC

(DE)

Executive

Citation, LLC

(OR)

Ownership Relationship

Trust Beneficiary Relationship

Investment Advisory Relationship

Aequitas Operating EntityAequitas Managed FundPrivate CreditPrivate EquityOtherOn Chart in Other Area
 

 

Exhibit B 
Report of Cash Receipts and Disbursements (Standardized Fund Accounting Report) 

Table of Contents  

CONSOLIDATED AEQUITAS RECEIVERSHIP ENTITIES ....................................................................................................................... 1 

SUBSCHEDULE ............................................................................................................................................................................................ 4 

AEQUITAS MANAGEMENT, LLC (AM) ............................................................................................................................................. 6 

AEQUITAS HOLDINGS, LLC (AH) ...................................................................................................................................................... 9 

SUBSCHEDULE .......................................................................................................................................................................................... 12 

AEQUITAS COMMERCIAL FINANCE, LLC (ACF) ............................................................................................................................... 13 

SUBSCHEDULE .......................................................................................................................................................................................... 16 

AEQUITAS CAPITAL MANAGEMENT, INC (ACM) ........................................................................................................................... 17 

SUBSCHEDULE .......................................................................................................................................................................................... 20 

AEQUITAS INVESTMENT MANAGEMENT, LLC (AIM) ..................................................................................................................... 21 

AEQUITAS ENTERPRISE SERVICES, LLC (AES) ................................................................................................................................. 24 

SUBSCHEDULE .......................................................................................................................................................................................... 27 

AAM FUND INVESTMENT, LLC (AAMFI) ........................................................................................................................................ 28 

ACC C PLUS HOLDINGS, LLC (ACCCPH) .......................................................................................................................................... 31 

ACC F PLUS HOLDINGS, LLC (ACCFPH) ........................................................................................................................................... 34 

ACC FUNDING SERIES TRUST 2015‐5 (ACCFST‐5) ........................................................................................................................... 37 

SUBSCHEDULE .......................................................................................................................................................................................... 40 

ACC FUNDING TRUST 2014‐1 (ACCFT‐1) ........................................................................................................................................ 41 

ACC FUNDING TRUST 2014‐2 (ACCFT‐2) ........................................................................................................................................ 44 

ACC HOLDINGS 1, LLC (ACCH1) ..................................................................................................................................................... 47 

ACC HOLDINGS 2, LLC (ACCH2) ..................................................................................................................................................... 50 

ACC HOLDINGS 5, LLC (ACCH5) ..................................................................................................................................................... 53 

AEQUITAS ASSET MANAGEMENT OREGON, LLC (AMO) ................................................................................................................ 56 

AEQUITAS CAPITAL OPPORTUNITIES FUND, LP (COF) ................................................................................................................... 59 

AEQUITAS CAPITAL OPPORTUNITIES GP, LLC (COF, GP) ................................................................................................................ 62 

AEQUITAS CORPORATE LENDING, LLC (ACL) ................................................................................................................................. 65 

AEQUITAS EIF DEBT FUND, LLC (EIFDF) ......................................................................................................................................... 68 

AEQUITAS ENHANCED INCOME FUND, LLC (EIF) ........................................................................................................................... 71 

AEQUITAS ETC FOUNDERS FUND, LLC (ETC) .................................................................................................................................. 74 

AEQUITAS HYBRID FUND, LLC (HYBRID) ....................................................................................................................................... 77 

AEQUITAS INCOME OPPORTUNITY FUND II, LLC (IOF II) ................................................................................................................ 80 
AEQUITAS INCOME OPPORTUNITY FUND, LLC (IOF) ..................................................................................................................... 83 

AEQUITAS INCOME PROTECTION FUND, LLC (IPF) ........................................................................................................................ 86 

AEQUITAS INTERNATIONAL HOLDINGS, LLC (AIH) ........................................................................................................................ 89 

AEQUITAS PARTNER FUND, LLC (APF) .......................................................................................................................................... 92 

AEQUITAS PEER‐TO‐PEER FUNDING, LLC (AP2PF) ......................................................................................................................... 95 

AEQUITAS PRIVATE CLIENT FUND, LLC (PCF) ................................................................................................................................. 98 

AEQUITAS SENIOR HOUSING OPERATIONS, LLC (ASHO) ............................................................................................................. 101 

AEQUITAS SENIOR HOUSING, LLC (ASH) ..................................................................................................................................... 104 

AEQUITAS WEALTH MANAGEMENT PARTNER FUND, LLC (AWMPF) ........................................................................................... 107 

AEQUITAS WEALTH MANAGEMENT, LLC (AWM) ........................................................................................................................ 110 

AEQUITAS WRFF I, LLC (AWRFFI) ................................................................................................................................................ 113 

ASPEN GROVE EQUITY SOLUTIONS, LLC (AGES) .......................................................................................................................... 116 

CAMPUS STUDENT FUNDING, LLC (CSF) ..................................................................................................................................... 119 

SUBSCHEDULE ........................................................................................................................................................................................ 122

CAREPAYMENT HOLDINGS, LLC (CPH) ........................................................................................................................................ 123 

CAREPAYMENT, LLC (CPLLC) ....................................................................................................................................................... 126 

CP FUNDING I HOLDINGS, LLC (CPFIH) ........................................................................................................................................ 129 

HICKORY GROWTH PARTNERS, LLC (HICKORY) ........................................................................................................................... 132 

ML FINANCIAL HOLDINGS, LLC (MLFH) ....................................................................................................................................... 135 

MOTOLEASE FINANCIAL, LLC (MLF) ............................................................................................................................................ 138 

SUBSCHEDULE ........................................................................................................................................................................................ 141

THE HILL LAND, LLC (HILL LAND) ................................................................................................................................................. 142 

UNIGO STUDENT FUNDING, LLC (USF) ........................................................................................................................................ 145 
STANDARDIZED FUND ACCOUNTING REPORT for Consolidated Aequitas Receivership Entities- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $117,334,025.99 $15,934,912.86

Increases in Fund Balance:

Line 2 Business Income $49,792.04 $49,792.04 $14,070,455.54

Line 3 Cash and Securities $2,113,510.95 $2,113,510.95 $78,523,280.40

Line 4 Interest/Dividend Income $151,383.64 $151,383.64 $1,601,554.73

Line 5 Business Asset Liquidation $2,279,330.56 $2,279,330.56 $316,775,796.30

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - $100.00

Line 8 Miscellaneous - Other $4,406.75 $4,406.75 $3,138,377.26

Total Funds Available (Lines 1-8): $4,598,423.94 $121,932,449.93 $430,044,477.09

Decreases in Fund Balance:

Line 9 Disbursements to Senior Secured Lenders/Investors - - - $105,072,061.12

Line 10 Disbursements for Receivership Operations

 Line 10 Internal Loans $2,110,728.80 $54,752,044.75

 Line 10a Disbursements to Receiver or Other Professionals $1,268,113.79 $19,854,717.43

 Line 10b Business Asset Expenses $1,336,338.53 $60,895,183.56

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses $930.03 $72,060,384.69

 Line 10e Third-Party Litigation Expenses - -

1. Attorney Fees -

2. Litigation Expenses -

Total Third-party Litigation Expenses -

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments $6,719.39 $200,466.15

Total Disbursements for Receivership Operations $4,722,830.54 $4,722,830.54 $207,762,796.58

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - -

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

1. Fees: -

 Fund Administrator -

 Independent Distribution Consultant (IDC) -

 Distribution Agent -

 Consultants -

 Legal Advisers -

 Tax Advisers -

2. Administrative Expenses -

3. Miscellaneous -

Total Plan Development Expenses -

 Line 11b Distribution Plan Implementation Expenses: - -

1. Fees: -

 Fund Administrator -

 IDC -

 Distribution Agent -

 Consultants -

 Legal Advisers -

 Tax Advisers -

2. Administrative Expenses -

1
3. Investor Identification: -

 Notice/Publishing Approved Plan -

 Claimant Identification -

 Claims Processing -

 Web Site Maintenance/Call Center -

4. Fund Administrator Bond -

5. Miscellaneous -

6. Federal Account for Investor Restitution (FAIR)

Reporting Expenses -

Total Plan Implementation Expenses -

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: -

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $4,722,830.54 $312,834,857.70

Line 13 Ending Balance (As of 12/31/18): - $117,209,619.39 $117,209,619.39

Line 14 Ending Balance of Fund - Net Assets:

 Line 14a Cash & Cash Equivalents - $117,209,619.39 $117,209,619.39

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $117,209,619.39 $117,209,619.39

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund:

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - -

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

1. Fees: -

Fund Administrator -

 IDC -

 Distribution Agent -

 Consultants -

 Legal Advisers -

 Tax Advisers -

2. Administrative Expenses -

3. Miscellaneous -

Total Plan Development Expenses Not Paid by the Fund -

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

1. Fees: -

Fund Administrator -

 IDC -

 Distribution Agent -

 Consultants -

 Legal Advisers -

 Tax Advisers -

2. Administrative Expenses -

3. Investor Identification: -

Notice/Publishing Approved Plan -

Claimant Identification -

2
 Claims Processing -

 Web Site Maintenance/Call Center -

4. Fund Administrator Bond -

5. Miscellaneous -

6. FAIR Reporting Expenses -

Total Plan Implementation Expenses Not Paid by the

Fund -

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - -

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund ϯ

Line 19 No. of Claimants / Investors:

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund ρ

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

3

February 1, 2019
&hEKhEd/E'͗

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ŵƉůŽLJĞĞWĂLJƌŽůůͬĞŶĞĨŝƚdžƉĞŶƐĞƐ ςϳκ͕ρΘκ͘ϬϮ

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DŝƐĐĞůůĂŶĞŽƵƐ ϯρ͕ϮκϬ͘ϯϳ

>ŝŶĞϭϬĐ WĞƌƐŽŶĂůƐƐĞƚdžƉĞŶƐĞƐ Ͳ Ͳ

>ŝŶĞϭϬĚ ,ŽƐƉŝƚĂů^ĞƚƚůĞŵĞŶƚƐΘ/ŶǀĞƐƚŵĞŶƚdžƉĞŶƐĞƐ Ͳ εϯϬ͘Ϭϯ ĂŶŬŝŶŐ&ĞĞƐ εϯϬ͘Ϭϯ

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ŽƚŚĞƌ ĞdžƉĞŶƐĞƐ͘ &Žƌ ĨƵƌƚŚĞƌ ĚĞƚĂŝůƐ͕ ƐĞĞ ^ƵďƐĐŚĞĚƵůĞƐ ĨŽƌ &͕ D͕^͕

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ƋƵĂƌƚĞƌůLJ ƉĞƌŝŽĚ ĨƌŽŵ :ƵůLJ ϭ͕ ϮϬϭΘ ƚŽ ^ĞƉƚĞŵďĞƌ ϯϬ͕ ϮϬϭΘ͕ ƉĞƌ ŽƵƌƚ

ĂƉƉƌŽǀĂů͘&ŽƌĨƵƌƚŚĞƌĚĞƚĂŝůƐ͕ƐĞĞ^ƵďƐĐŚĞĚƵůĞƐĨŽƌ^ĂŶĚ^&͘

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5
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Management, LLC (AM)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.00 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $7,779.77

Line 4 Interest/Dividend Income - - $0.59

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): - $0.00 $7,780.36

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $150.00

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $7,630.36

Total Disbursements for Receivership Operations - - $7,780.36

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

6
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $7,780.36

Line 13 Ending Balance (As of 12/31/18): - $0.00 $0.00

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.00 $0.00

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.00 $0.00

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

7
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

8

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Holdings, LLC (AH)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $1,059,606.50 $70,050.71

Increases in Fund Balance: 

Line 2 Business Income - - $150.00

Line 3 Cash and Securities - - $153,810.00

Line 4 Interest/Dividend Income $1,341.06 $1,341.06 $7,591.98

Line 5 Business Asset Liquidation - - $2,649,771.32

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $1,341.06 $1,060,947.56 $2,881,374.01

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans $25,000.00 $1,743,179.98

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $37,263.47

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - $50,000.00

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $14,983.00

Total Disbursements for Receivership Operations $25,000.00 $25,000.00 $1,845,426.45

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

9
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $25,000.00 $1,845,426.45

Line 13 Ending Balance (As of 12/31/18): - $1,035,947.56 $1,035,947.56

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $1,035,947.56 $1,035,947.56

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $1,035,947.56 $1,035,947.56

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

10
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

11

February 1, 2019
&hEKhEd/E'͗

^ƵďĐĂƚĞŐŽƌLJ ĞƚĂŝů ^ƵďƚŽƚĂů 'ƌĂŶĚdŽƚĂů ZĞĨĞƌĞŶĐĞ

>ŝŶĞϭ ĞŐŝŶŶŝŶŐĂůĂŶĐĞ;ƐŽĨϭϬͬϬϭͬϮϬϭΘͿ͗ ϭ͕Ϭρε͕ςϬς͘ρϬ

/ŶĐƌĞĂƐĞƐŝŶ&ƵŶĚĂůĂŶĐĞ͗

>ŝŶĞϮ ƵƐŝŶĞƐƐ/ŶĐŽŵĞ Ͳ  Ͳ Ͳ 

>ŝŶĞϯ ĂƐŚĂŶĚ^ĞĐƵƌŝƚŝĞƐ Ͳ  Ͳ Ͳ 

>ŝŶĞκ /ŶƚĞƌĞƐƚͬŝǀŝĚĞŶĚ/ŶĐŽŵĞ ϭ͕ϯκϭ͘Ϭς  ϭ͕ϯκϭ͘Ϭς ϭ͕ϯκϭ͘Ϭς 

>ŝŶĞρ ƵƐŝŶĞƐƐƐƐĞƚ>ŝƋƵŝĚĂƚŝŽŶ Ͳ  Ͳ Ͳ 

>ŝŶĞς WĞƌƐŽŶĂůƐƐĞƚ>ŝƋƵŝĚĂƚŝŽŶ Ͳ  Ͳ Ͳ 

>ŝŶĞϳ dŚŝƌĚͲWĂƌƚLJ>ŝƚŝŐĂƚŝŽŶ/ŶĐŽŵĞ Ͳ  Ͳ Ͳ 

>ŝŶĞΘ DŝƐĐĞůůĂŶĞŽƵƐͲKƚŚĞƌ Ͳ  Ͳ Ͳ 

dŽƚĂů&ƵŶĚƐǀĂŝůĂďůĞ;>ŝŶĞƐϭͲΘͿ͗  ϭ͕ϬςϬ͕εκϳ͘ρς ϭ͕ϯκϭ͘Ϭς 

ĞĐƌĞĂƐĞƐŝŶ&ƵŶĚĂůĂŶĐĞ͗

>ŝŶĞε ŝƐďƵƌƐĞŵĞŶƚƐƚŽ^ĞŶŝŽƌ^ĞĐƵƌĞĚ>ĞŶĚĞƌƐͬ/ŶǀĞƐƚŽƌƐ Ͳ  Ͳ Ͳ  Ͳ 

>ŝŶĞϭϬ ŝƐďƵƌƐĞŵĞŶƚƐĨŽƌZĞĐĞŝǀĞƌƐŚŝƉKƉĞƌĂƚŝŽŶƐ

>ŝŶĞϭϬ /ŶƚĞƌŶĂů>ŽĂŶƐͬZĞƉĂLJŵĞŶƚdŽ͗ Ͳ Ϯρ͕ϬϬϬ͘ϬϬ ĞƋƵŝƚĂƐĂƉŝƚĂůDĂŶĂŐĞŵĞŶƚ͕/ŶĐ͘ Ϯρ͕ϬϬϬ͘ϬϬ

>ŝŶĞϭϬĂ ŝƐďƵƌƐĞŵĞŶƚƐƚŽZĞĐĞŝǀĞƌŽƌKƚŚĞƌWƌŽĨĞƐƐŝŽŶĂůƐ Ͳ Ͳ

>ŝŶĞϭϬď ƵƐŝŶĞƐƐƐƐĞƚdžƉĞŶƐĞƐ Ͳ Ͳ

>ŝŶĞϭϬĐ WĞƌƐŽŶĂůƐƐĞƚdžƉĞŶƐĞƐ Ͳ Ͳ

>ŝŶĞϭϬĚ ,ŽƐƉŝƚĂů^ĞƚƚůĞŵĞŶƚƐΘ/ŶǀĞƐƚŵĞŶƚdžƉĞŶƐĞƐ Ͳ Ͳ

>ŝŶĞϭϬĞ dŚŝƌĚͲWĂƌƚLJ>ŝƚŝŐĂƚŝŽŶdžƉĞŶƐĞƐ Ͳ Ͳ ϭ͘ƚƚŽƌŶĞLJ&ĞĞƐ Ͳ

Ϯ͘>ŝƚŝŐĂƚŝŽŶdžƉĞŶƐĞƐ Ͳ

dŽƚĂůdŚŝƌĚͲWĂƌƚLJ>ŝƚŝŐĂƚŝŽŶdžƉĞŶƐĞƐ

>ŝŶĞϭϬĨ dĂdžĚŵŝŶŝƐƚƌĂƚŽƌ&ĞĞƐĂŶĚŽŶĚƐ Ͳ Ͳ

>ŝŶĞϭϬŐ &ĞĚĞƌĂůĂŶĚ^ƚĂƚĞdĂdžWĂLJŵĞŶƚƐ Ͳ Ͳ

dŽƚĂůŝƐďƵƌƐĞŵĞŶƚƐĨŽƌZĞĐĞŝǀĞƌƐŚŝƉKƉĞƌĂƚŝŽŶƐ  Ϯρ͕ϬϬϬ͘ϬϬ Ϯρ͕ϬϬϬ͘ϬϬ 

>ŝŶĞϭϭ ŝƐďƵƌƐĞŵĞŶƚƐĨŽƌŝƐƚƌŝďƵƚŝŽŶdžƉĞŶƐĞƐWĂŝĚďLJƚŚĞ&ƵŶĚ͗

>ŝŶĞϭϮ ŝƐďƵƌƐĞŵĞŶƚƐƚŽŽƵƌƚͬKƚŚĞƌ͗ Ͳ Ͳ

>ŝŶĞϭϮĂ /ŶǀĞƐƚŵĞŶƚdžƉĞŶƐĞƐͬŽƵƌƚZĞŐŝƐƚƌLJ/ŶǀĞƐƚŵĞŶƚ^LJƐƚĞŵ;Z/^Ϳ&ĞĞƐ Ͳ Ͳ

>ŝŶĞϭϮď &ĞĚĞƌĂůdĂdžWĂLJŵĞŶƚƐ Ͳ Ͳ

dŽƚĂůŝƐďƵƌƐĞŵĞŶƚƐƚŽŽƵƌƚͬKƚŚĞƌ͗ Ͳ

dŽƚĂů&ƵŶĚƐŝƐďƵƌƐĞĚ;>ŝŶĞƐεͲϭϮͿ͗ Ϯρ͕ϬϬϬ͘ϬϬ

>ŝŶĞϭϯ ŶĚŝŶŐĂůĂŶĐĞ;ƐŽĨϭϮͬϯϭͬϮϬϭΘͿ͗  ϭ͕Ϭϯρ͕εκϳ͘ρς

^ƵďƐĐŚĞĚƵůĞĨŽƌĞƋƵŝƚĂƐ,ŽůĚŝŶŐƐ͕>>;,ͿͲĂƐŚĂƐŝƐ

ZĞĐĞŝǀĞƌƐŚŝƉ͖ŝǀŝůŽƵƌƚĂƐĞEŽ͘ϯ͗ϭςͲĐǀͲϬϬκϯΘͲ:Z

ZĞƉŽƌƚŝŶŐWĞƌŝŽĚϭϬͬϬϭͬϮϬϭΘƚŽϭϮͬϯϭͬϮϬϭΘ

12
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Commercial Finance, LLC (ACF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $20,071,926.63 $1,244,172.81

Increases in Fund Balance: 

Line 2 Business Income $19,792.04 $19,792.04 $719,532.75

Line 3 Cash and Securities - - $887,546.31

Line 4 Interest/Dividend Income $25,300.70 $25,300.70 $1,002,245.03

Line 5 Business Asset Liquidation $447,085.54 $447,085.54 $47,943,164.74

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - $1,669.58

Total Funds Available (Lines 1-8): $492,178.28 $20,564,104.91 $51,798,331.22

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - $100,000.00

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans $2,085,000.00 $21,916,021.08

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses $33,000.00 $628,236.10

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - $10,700,000.01

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $7,969.12

Total Disbursements for Receivership Operations $2,118,000.00 $2,118,000.00 $33,252,226.31

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

13
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $2,118,000.00 $33,352,226.31

Line 13 Ending Balance (As of 12/31/18): - $18,446,104.91 $18,446,104.91

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $18,446,104.91 $18,446,104.91

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $18,446,104.91 $18,446,104.91

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

14
 Claims Processing -

 Web Site Maintenance/Call Center -

4. Fund Administrator Bond -

5. Miscellaneous -

6. FAIR Reporting Expenses -

Total Plan Implementation Expenses Not Paid by the

Fund -

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - -

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors:

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund ϭ

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

15

February 1, 2019
&hEKhEd/E'͗

^ƵďĐĂƚĞŐŽƌLJ ĞƚĂŝů ^ƵďƚŽƚĂů 'ƌĂŶĚdŽƚĂů ZĞĨĞƌĞŶĐĞ

>ŝŶĞϭ ĞŐŝŶŶŝŶŐĂůĂŶĐĞ;ƐŽĨϭϬͬϬϭͬϮϬϭΘͿ͗ ϮϬ͕Ϭϳϭ͕εϮς͘ςϯ

/ŶƚĞƌŶĂůdƌĂŶƐĨĞƌ;^ĂŵĞŶƚŝƚLJͿ Ͳ

/ŶĐƌĞĂƐĞƐŝŶ&ƵŶĚĂůĂŶĐĞ͗

>ŝŶĞϮ ƵƐŝŶĞƐƐ/ŶĐŽŵĞ Ͳ  ϭε͕ϳεϮ͘Ϭκ ϭε͕ϳεϮ͘Ϭκ  /ŶƚĞƌŶĂů&ĞĞƐ͕ŝƐƚƌŝďƵƚŝŽŶƐŽƌŽŶƚƌĂĐƚƵĂůWĂLJŵĞŶƚ&ƌŽŵ͗

&ƵŶĚŝŶŐ^ĞƌŝĞƐdƌƵƐƚϮϬϭρͲρ ϭε͕ϳεϮ͘Ϭκ ϭ

>ŝŶĞϯ ĂƐŚĂŶĚ^ĞĐƵƌŝƚŝĞƐ Ͳ  Ͳ Ͳ

>ŝŶĞκ /ŶƚĞƌĞƐƚͬŝǀŝĚĞŶĚ/ŶĐŽŵĞ Ϯρ͕ϯϬϬ͘ϳϬ  Ϯρ͕ϯϬϬ͘ϳϬ Ϯρ͕ϯϬϬ͘ϳϬ 

>ŝŶĞρ ƵƐŝŶĞƐƐƐƐĞƚ>ŝƋƵŝĚĂƚŝŽŶ κκϳ͕ϬΘρ͘ρκ  κκϳ͕ϬΘρ͘ρκ κκϳ͕ϬΘρ͘ρκ  Ϯ

>ŝŶĞς WĞƌƐŽŶĂůƐƐĞƚ>ŝƋƵŝĚĂƚŝŽŶ Ͳ  Ͳ Ͳ

>ŝŶĞϳ dŚŝƌĚͲWĂƌƚLJ>ŝƚŝŐĂƚŝŽŶ/ŶĐŽŵĞ Ͳ  Ͳ Ͳ

>ŝŶĞΘ DŝƐĐĞůůĂŶĞŽƵƐͲKƚŚĞƌ Ͳ  Ͳ Ͳ

dŽƚĂů&ƵŶĚƐǀĂŝůĂďůĞ;>ŝŶĞƐϭͲΘͿ͗  ϮϬ͕ρςκ͕ϭϬκ͘εϭ κεϮ͕ϭϳΘ͘ϮΘ 

ĞĐƌĞĂƐĞƐŝŶ&ƵŶĚĂůĂŶĐĞ͗

>ŝŶĞε ŝƐďƵƌƐĞŵĞŶƚƐƚŽ^ĞŶŝŽƌ^ĞĐƵƌĞĚ>ĞŶĚĞƌƐͬ/ŶǀĞƐƚŽƌƐ Ͳ  Ͳ Ͳ  Ͳ

>ŝŶĞϭϬ ŝƐďƵƌƐĞŵĞŶƚƐĨŽƌZĞĐĞŝǀĞƌƐŚŝƉKƉĞƌĂƚŝŽŶƐ

>ŝŶĞϭϬ /ŶƚĞƌŶĂů>ŽĂŶƐͬZĞƉĂLJŵĞŶƚdŽ͗ Ͳ Ϯ͕ϬΘρ͕ϬϬϬ͘ϬϬ ĞƋƵŝƚĂƐŶƚĞƌƉƌŝƐĞ^ĞƌǀŝĐĞƐ͕>> Ϯ͕ϬΘρ͕ϬϬϬ͘ϬϬ

>ŝŶĞϭϬĂ ŝƐďƵƌƐĞŵĞŶƚƐƚŽZĞĐĞŝǀĞƌŽƌKƚŚĞƌWƌŽĨĞƐƐŝŽŶĂůƐ Ͳ Ͳ

>ŝŶĞϭϬď ƵƐŝŶĞƐƐƐƐĞƚdžƉĞŶƐĞƐ Ͳ ϯϯ͕ϬϬϬ͘ϬϬ DŝƐĐĞůůĂŶĞŽƵƐ ϯϯ͕ϬϬϬ͘ϬϬ ϯ

>ŝŶĞϭϬĐ WĞƌƐŽŶĂůƐƐĞƚdžƉĞŶƐĞƐ Ͳ Ͳ

>ŝŶĞϭϬĚ ,ŽƐƉŝƚĂů^ĞƚƚůĞŵĞŶƚƐΘ/ŶǀĞƐƚŵĞŶƚdžƉĞŶƐĞƐ Ͳ Ͳ

>ŝŶĞϭϬĞ dŚŝƌĚͲWĂƌƚLJ>ŝƚŝŐĂƚŝŽŶdžƉĞŶƐĞƐ Ͳ Ͳ ϭ͘ ƚƚŽƌŶĞLJ&ĞĞƐ Ͳ

Ϯ͘>ŝƚŝŐĂƚŝŽŶdžƉĞŶƐĞƐ Ͳ

dŽƚĂůdŚŝƌĚͲWĂƌƚLJ>ŝƚŝŐĂƚŝŽŶdžƉĞŶƐĞƐ

>ŝŶĞϭϬĨ dĂdžĚŵŝŶŝƐƚƌĂƚŽƌ&ĞĞƐĂŶĚŽŶĚƐ Ͳ Ͳ

>ŝŶĞϭϬŐ &ĞĚĞƌĂůĂŶĚ^ƚĂƚĞdĂdžWĂLJŵĞŶƚƐ Ͳ Ͳ

dŽƚĂůŝƐďƵƌƐĞŵĞŶƚƐĨŽƌZĞĐĞŝǀĞƌƐŚŝƉKƉĞƌĂƚŝŽŶƐ  Ϯ͕ϭϭΘ͕ϬϬϬ͘ϬϬ Ϯ͕ϭϭΘ͕ϬϬϬ͘ϬϬ 

>ŝŶĞϭϭ ŝƐďƵƌƐĞŵĞŶƚƐĨŽƌŝƐƚƌŝďƵƚŝŽŶdžƉĞŶƐĞƐWĂŝĚďLJƚŚĞ&ƵŶĚ͗

>ŝŶĞϭϮ ŝƐďƵƌƐĞŵĞŶƚƐƚŽŽƵƌƚͬKƚŚĞƌ͗ Ͳ Ͳ

>ŝŶĞϭϮĂ /ŶǀĞƐƚŵĞŶƚdžƉĞŶƐĞƐͬŽƵƌƚZĞŐŝƐƚƌLJ/ŶǀĞƐƚŵĞŶƚ^LJƐƚĞŵ;Z/^Ϳ&ĞĞƐ Ͳ Ͳ

>ŝŶĞϭϮď &ĞĚĞƌĂůdĂdžWĂLJŵĞŶƚƐ Ͳ Ͳ

dŽƚĂůŝƐďƵƌƐĞŵĞŶƚƐƚŽŽƵƌƚͬKƚŚĞƌ͗ Ͳ

dŽƚĂů&ƵŶĚƐŝƐďƵƌƐĞĚ;>ŝŶĞƐεͲϭϮͿ͗ Ϯ͕ϭϭΘ͕ϬϬϬ͘ϬϬ

>ŝŶĞϭϯ ŶĚŝŶŐĂůĂŶĐĞ;ƐŽĨϭϮͬϯϭͬϮϬϭΘͿ͗ ϭΘ͕κκς͕ϭϬκ͘εϭ

ZĞĨĞƌĞŶĐĞη /ƚĞŵ ŵŽƵŶƚ ŽƌƌĞƐƉŽŶĚŝŶŐEŽƚĞƐ

ϭ /ŶƚĞƌŶĂů&ĞĞƐ&ƌŽŵ͗&ƵŶĚŝŶŐ^ĞƌŝĞƐdƌƵƐƚϮϬϭρͲρ Ψϭε͕ϳεϮ͘Ϭκ

Ϯ ƵƐŝŶĞƐƐƐƐĞƚ>ŝƋƵŝĚĂƚŝŽŶ Ψκκϳ͕ϬΘρ͘ρκ

ϯ ƵƐŝŶĞƐƐƐƐĞƚdžƉĞŶƐĞƐ͗DŝƐĐĞůůĂŶĞŽƵƐ Ψϯϯ͕ϬϬϬ͘ϬϬ

/ŶĐůƵĚĞƐ ƌĞĐĞŝƉƚ ŽĨ WƌŽŐƌĂŵ DĂŶĂŐĞŵĞŶƚ &ĞĞƐ ĨŽƌ ƚŚĞ ŵŽŶƚŚ ŽĨ

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ZĞƉŽƌƚŝŶŐWĞƌŝŽĚϭϬͬϬϭͬϮϬϭΘƚŽϭϮͬϯϭͬϮϬϭΘ

16
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Capital Management, Inc. (ACM)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $770.33 $103,972.20

Increases in Fund Balance: 

Line 2 Business Income - - $166,156.94

Line 3 Cash and Securities $25,000.00 $25,000.00 $874,161.96

Line 4 Interest/Dividend Income $9.57 $9.57 $69.36

Line 5 Business Asset Liquidation $6,500.00 $6,500.00 $84,500.00

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other $175.00 $175.00 $2,623,051.95

Total Funds Available (Lines 1-8): $31,684.57 $32,454.90 $3,851,912.41

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $4,841.98

 Line 10a Disbursements to Receiver or Other Professionals - $45,592.50

 Line 10b Business Asset Expenses $20,682.02 $3,667,463.62

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - $77,406.50

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments $4,957.63 $49,792.56

Total Disbursements for Receivership Operations $25,639.65 $25,639.65 $3,845,097.16

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

17
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $25,639.65 $3,845,097.16

Line 13 Ending Balance (As of 12/31/18): - $6,815.25 $6,815.25

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $6,815.25 $6,815.25

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $6,815.25 $6,815.25

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

18
 Claims Processing -

 Web Site Maintenance/Call Center -

4. Fund Administrator Bond -

5. Miscellaneous -

6. FAIR Reporting Expenses -

Total Plan Implementation Expenses Not Paid by the

Fund -

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - -

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund ϯ

Line 19 No. of Claimants / Investors:

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

19

February 1, 2019
&hEKhEd/E'͗

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20
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Investment Management, LLC (AIM)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $531,362.75 $119.78

Increases in Fund Balance: 

Line 2 Business Income - - $333,077.16

Line 3 Cash and Securities - - $1,940.03

Line 4 Interest/Dividend Income $684.61 $684.61 $3,058.71

Line 5 Business Asset Liquidation - - $200,000.00

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - $1,556.05

Total Funds Available (Lines 1-8): $684.61 $532,047.36 $539,751.73

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $5,163.56

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $1,104.29

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $1,436.52

Total Disbursements for Receivership Operations - - $7,704.37

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

21
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $7,704.37

Line 13 Ending Balance (As of 12/31/18): - $532,047.36 $532,047.36

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $532,047.36 $532,047.36

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $532,047.36 $532,047.36

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

22
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

23

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Enterprise Services, LLC (AES)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $15,327.40 $483,563.92

Increases in Fund Balance: 

Line 2 Business Income $30,000.00 $30,000.00 $1,775,593.81

Line 3 Cash and Securities $2,085,000.00 $2,085,000.00 $29,974,951.38

Line 4 Interest/Dividend Income $88.10 $88.10 $1,033.81

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other $1,231.75 $1,231.75 $206,756.12

Total Funds Available (Lines 1-8): $2,116,319.85 $2,131,647.25 $32,441,899.04

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $838.19

 Line 10a Disbursements to Receiver or Other Professionals $1,250,223.89 $18,736,542.77

 Line 10b Business Asset Expenses $880,530.40 $13,689,325.02

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments $20.00 $14,320.10

Total Disbursements for Receivership Operations $2,130,774.29 $2,130,774.29 $32,441,026.08

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

24
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $2,130,774.29 $32,441,026.08

Line 13 Ending Balance (As of 12/31/18): - $872.96 $872.96

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $872.96 $872.96

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $872.96 $872.96

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

25
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

26

February 1, 2019
&hEKhEd/E'͗

^ƵďĐĂƚĞŐŽƌLJ ĞƚĂŝů ^ƵďƚŽƚĂů 'ƌĂŶĚdŽƚĂů ZĞĨĞƌĞŶĐĞ

>ŝŶĞϭ ĞŐŝŶŶŝŶŐĂůĂŶĐĞ;ƐŽĨϭϬͬϬϭͬϮϬϭΘͿ͗ ϭρ͕ϯϮϳ͘κϬ

/ŶĐƌĞĂƐĞƐŝŶ&ƵŶĚĂůĂŶĐĞ͗

>ŝŶĞϮ ƵƐŝŶĞƐƐ/ŶĐŽŵĞ Ͳ  ϯϬ͕ϬϬϬ͘ϬϬ ϯϬ͕ϬϬϬ͘ϬϬ 

/ŶƚĞƌŶĂů&ĞĞƐ͕ŝƐƚƌŝďƵƚŝŽŶƐŽƌŽŶƚƌĂĐƚƵĂůWĂLJŵĞŶƚ&ƌŽŵ͗

&ƵŶĚŝŶŐ^ĞƌŝĞƐdƌƵƐƚϮϬϭρͲρ ϯϬ͕ϬϬϬ͘ϬϬ ϭ

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ϭ͘ ƚƚŽƌŶĞLJ&ĞĞƐ Ͳ

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dŽƚĂůŝƐďƵƌƐĞŵĞŶƚƐƚŽŽƵƌƚͬKƚŚĞƌ͗ Ͳ

dŽƚĂů&ƵŶĚƐŝƐďƵƌƐĞĚ;>ŝŶĞƐεͲϭϮͿ͗ Ϯ͕ϭϯϬ͕ϳϳκ͘Ϯε

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ZĞĨĞƌĞŶĐĞη /ƚĞŵ ŵŽƵŶƚ

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^ƵďƐĐŚĞĚƵůĞĨŽƌĞƋƵŝƚĂƐŶƚĞƌƉƌŝƐĞ^ĞƌǀŝĐĞƐ͕>>;^ͿͲĂƐŚĂƐŝƐ

ZĞĐĞŝǀĞƌƐŚŝƉ͖ŝǀŝůŽƵƌƚĂƐĞEŽ͘ϯ͗ϭςͲĐǀͲϬϬκϯΘͲ:Z

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ŽƌƌĞƐƉŽŶĚŝŶŐEŽƚĞƐ

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ϮϬϭΘ ƚŽ ^ĞƉƚĞŵďĞƌ ϯϬ͕ ϮϬϭΘ͘ ŵŽƵŶƚƐ ƉĂŝĚ ƚŽ ƚŚĞ ZĞĐĞŝǀĞƌ ĂŶĚ &d/

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ϮϬϭΘ͘

27
STANDARDIZED FUND ACCOUNTING REPORT for AAM Fund Investment, LLC (AAMFI)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $45,061.47 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $600.00

Line 4 Interest/Dividend Income $58.01 $58.01 $259.50

Line 5 Business Asset Liquidation - - $50,709.98

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $58.01 $45,119.48 $51,569.48

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $600.00

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $5,850.00

Total Disbursements for Receivership Operations - - $6,450.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

28
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $6,450.00

Line 13 Ending Balance (As of 12/31/18): - $45,119.48 $45,119.48

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $45,119.48 $45,119.48

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $45,119.48 $45,119.48

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

29
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

30

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for ACC C Plus Holdings, LLC (ACCCPH)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.02 $212.42

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $800.80

Line 4 Interest/Dividend Income - - $0.03

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): - $0.02 $1,013.25

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $1,013.23

Total Disbursements for Receivership Operations - - $1,013.23

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

31
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $1,013.23

Line 13 Ending Balance (As of 12/31/18): - $0.02 $0.02

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.02 $0.02

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.02 $0.02

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

32
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

33

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for ACC F Plus Holdings, LLC (ACCFPH)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.02 $41.73

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $971.54

Line 4 Interest/Dividend Income - - $0.03

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): - $0.02 $1,013.30

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $1,013.28

Total Disbursements for Receivership Operations - - $1,013.28

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

34
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $1,013.28

Line 13 Ending Balance (As of 12/31/18): - $0.02 $0.02

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.02 $0.02

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.02 $0.02

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

35
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

36

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for ACC Funding Series Trust 2015-5 (ACCFST-5)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $8,620,854.26 $1,528,952.28

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $3,672.23

Line 4 Interest/Dividend Income $10,953.56 $10,953.56 $49,582.20

Line 5 Business Asset Liquidation $360,417.71 $360,417.71 $10,396,272.56

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $371,371.27 $8,992,225.53 $11,978,479.27

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $599.99

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses $272,903.87 $3,244,125.53

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses $930.03 $15,362.12

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - -

Total Disbursements for Receivership Operations $273,833.90 $273,833.90 $3,260,087.64

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

37
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $273,833.90 $3,260,087.64

Line 13 Ending Balance (As of 12/31/18): - $8,718,391.63 $8,718,391.63

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $8,718,391.63 $8,718,391.63

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $8,718,391.63 $8,718,391.63

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

38
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

39

February 1, 2019
&hEKhEd/E'͗

^ƵďĐĂƚĞŐŽƌLJ ĞƚĂŝů ^ƵďƚŽƚĂů 'ƌĂŶĚdŽƚĂů ZĞĨĞƌĞŶĐĞ

>ŝŶĞϭ ĞŐŝŶŶŝŶŐĂůĂŶĐĞ;ƐŽĨϭϬͬϬϭͬϮϬϭΘͿ͗ Θ͕ςϮϬ͕Θρκ͘Ϯς

/ŶĐƌĞĂƐĞƐŝŶ&ƵŶĚĂůĂŶĐĞ͗

>ŝŶĞϮ ƵƐŝŶĞƐƐ/ŶĐŽŵĞ Ͳ  Ͳ Ͳ

>ŝŶĞϯ ĂƐŚĂŶĚ^ĞĐƵƌŝƚŝĞƐ Ͳ  Ͳ Ͳ

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ĞĐƌĞĂƐĞƐŝŶ&ƵŶĚĂůĂŶĐĞ͗

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^ĞƌǀŝĐŝŶŐ&ĞĞƐ ρ͕ΘΘϭ͘ρϮ

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ZĞƉŽƌƚŝŶŐWĞƌŝŽĚϭϬͬϬϭͬϮϬϭΘƚŽϭϮͬϯϭͬϮϬϭΘ

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ŽĨ ĞƋƵŝƚĂƐ /ŶĐŽŵĞ KƉƉŽƌƚƵŶŝƚŝĞƐ ^͕͘ ĨŽƌ ƚŚĞ ŵŽŶƚŚ ŽĨ ^ĞƉƚĞŵďĞƌ͕

ϮϬϭΘ͘

40
STANDARDIZED FUND ACCOUNTING REPORT for ACC Funding Trust 2014-1 (ACCFT-1)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $7,895,228.41 $2,477,689.86

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $4,235,599.93

Line 4 Interest/Dividend Income $10,172.59 $10,172.59 $45,183.14

Line 5 Business Asset Liquidation - - $48,429,744.62

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $10,172.59 $7,905,401.00 $55,188,217.55

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - $41,464,806.25

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans $274.98 $5,540,297.27

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $254,414.18

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - $23,573.83

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - -

Total Disbursements for Receivership Operations $274.98 $274.98 $5,818,285.28

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

41
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $274.98 $47,283,091.53

Line 13 Ending Balance (As of 12/31/18): - $7,905,126.02 $7,905,126.02

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $7,905,126.02 $7,905,126.02

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $7,905,126.02 $7,905,126.02

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

42
 Claims Processing -

 Web Site Maintenance/Call Center -

4. Fund Administrator Bond -

5. Miscellaneous -

6. FAIR Reporting Expenses -

Total Plan Implementation Expenses Not Paid by the

Fund -

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - -

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors:

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund ϭ

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

43

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for ACC Funding Trust 2014-2 (ACCFT-2)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $6,542,876.84 $4,285,639.34

Increases in Fund Balance:

Line 2 Business Income - - -

Line 3 Cash and Securities - - $2,995,877.49

Line 4 Interest/Dividend Income $8,430.09 $8,430.09 $38,334.70

Line 5 Business Asset Liquidation - - $27,433,829.75

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $8,430.09 $6,551,306.93 $34,753,681.28

Decreases in Fund Balance:

Line 9 Disbursements to Senior Secured Lenders/Investors - - - $20,654,250.67

Line 10 Disbursements for Receivership Operations

 Line 10 Internal Loans $274.98 $7,182,643.21

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $311,115.35

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - $54,640.10

 Line 10e Third-Party Litigation Expenses - -

1. Attorney Fees -

2. Litigation Expenses -

Total Third-party Litigation Expenses -

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - -

Total Disbursements for Receivership Operations $274.98 $274.98 $7,548,398.66

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - -

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

1. Fees: -

 Fund Administrator -

 Independent Distribution Consultant (IDC) -

 Distribution Agent -

 Consultants -

 Legal Advisers -

 Tax Advisers -

2. Administrative Expenses -

3. Miscellaneous -

Total Plan Development Expenses -

 Line 11b Distribution Plan Implementation Expenses: - -

1. Fees: -

 Fund Administrator -

 IDC -

 Distribution Agent -

 Consultants -

 Legal Advisers -

 Tax Advisers -

2. Administrative Expenses -

44
3. Investor Identification: -

 Notice/Publishing Approved Plan -

 Claimant Identification -

 Claims Processing -

 Web Site Maintenance/Call Center -

4. Fund Administrator Bond -

5. Miscellaneous -

6. Federal Account for Investor Restitution (FAIR)

Reporting Expenses -

Total Plan Implementation Expenses -

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: -

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $274.98 $28,202,649.33

Line 13 Ending Balance (As of 12/31/18): - $6,551,031.95 $6,551,031.95

Line 14 Ending Balance of Fund - Net Assets:

 Line 14a Cash & Cash Equivalents - $6,551,031.95 $6,551,031.95

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $6,551,031.95 $6,551,031.95

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund:

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - -

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

1. Fees: -

Fund Administrator -

 IDC -

 Distribution Agent -

 Consultants -

 Legal Advisers -

 Tax Advisers -

2. Administrative Expenses -

3. Miscellaneous -

Total Plan Development Expenses Not Paid by the Fund -

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

1. Fees: -

Fund Administrator -

 IDC -

 Distribution Agent -

 Consultants -

 Legal Advisers -

 Tax Advisers -

2. Administrative Expenses -

3. Investor Identification: -

Notice/Publishing Approved Plan -

Claimant Identification -

45
 Claims Processing -

 Web Site Maintenance/Call Center -

4. Fund Administrator Bond -

5. Miscellaneous -

6. FAIR Reporting Expenses -

Total Plan Implementation Expenses Not Paid by the

Fund -

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - -

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors:

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund ϭ

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

46

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for ACC Holdings 1, LLC (ACCH1)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.02 $11.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities $274.98 $274.98 $2,313.95

Line 4 Interest/Dividend Income $0.02 $0.02 $0.06

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $275.00 $275.02 $2,325.01

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $599.99

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments $275.00 $1,725.00

Total Disbursements for Receivership Operations $275.00 $275.00 $2,324.99

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

47
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $275.00 $2,324.99

Line 13 Ending Balance (As of 12/31/18): - $0.02 $0.02

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.02 $0.02

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.02 $0.02

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

48
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

49

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for ACC Holdings 2, LLC (ACCH2)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.02 $328.26

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities $274.98 $274.98 $1,897.50

Line 4 Interest/Dividend Income $0.02 $0.02 $0.06

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $275.00 $275.02 $2,225.82

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $500.80

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments $275.00 $1,725.00

Total Disbursements for Receivership Operations $275.00 $275.00 $2,225.80

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

50
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $275.00 $2,225.80

Line 13 Ending Balance (As of 12/31/18): - $0.02 $0.02

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.02 $0.02

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.02 $0.02

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

51
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

52

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for ACC Holdings 5, LLC (ACCH5)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.02 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $899.99

Line 4 Interest/Dividend Income - - $0.03

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): - $0.02 $900.02

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $900.00

Total Disbursements for Receivership Operations - - $900.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

53
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $900.00

Line 13 Ending Balance (As of 12/31/18): - $0.02 $0.02

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.02 $0.02

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.02 $0.02

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

54
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

55

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Asset Management Oregon, LLC (AMO)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.58 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $1,200.00

Line 4 Interest/Dividend Income - - $0.58

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): - $0.58 $1,200.58

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $300.00

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $900.00

Total Disbursements for Receivership Operations - - $1,200.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

56
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $1,200.00

Line 13 Ending Balance (As of 12/31/18): - $0.58 $0.58

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.58 $0.58

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.58 $0.58

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

57
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

58

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Capital Opportunities Fund, LP (COF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.00 $170,591.70

Increases in Fund Balance: 

Line 2 Business Income - - $669,625.00

Line 3 Cash and Securities - - $439,972.36

Line 4 Interest/Dividend Income - - $0.08

Line 5 Business Asset Liquidation - - $915,000.00

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - $250,263.00

Total Funds Available (Lines 1-8): - $0.00 $2,445,452.14

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $295,000.00

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $1,294,365.97

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - $849,625.00

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $6,461.17

Total Disbursements for Receivership Operations - - $2,445,452.14

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

59
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $2,445,452.14

Line 13 Ending Balance (As of 12/31/18): - $0.00 $0.00

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.00 $0.00

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.00 $0.00

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

60
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

61

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Capital Opportunities GP, LLC (COF, GP)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $651,828.13 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - $0.03

Line 3 Cash and Securities - - $10,150.00

Line 4 Interest/Dividend Income $839.84 $839.84 $4,343.40

Line 5 Business Asset Liquidation - - $696,227.53

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - $511.10

Total Funds Available (Lines 1-8): $839.84 $652,667.97 $711,232.06

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $10,150.00

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $45,699.09

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $2,715.00

Total Disbursements for Receivership Operations - - $58,564.09

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

62
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $58,564.09

Line 13 Ending Balance (As of 12/31/18): - $652,667.97 $652,667.97

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $652,667.97 $652,667.97

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $652,667.97 $652,667.97

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

63
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

64

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Corporate Lending, LLC (ACL)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $4,812,665.68 $30,686.62

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $815,000.00

Line 4 Interest/Dividend Income $6,200.99 $6,200.99 $41,775.86

Line 5 Business Asset Liquidation - - $3,931,704.19

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $6,200.99 $4,818,866.67 $4,819,166.67

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $300.00

Total Disbursements for Receivership Operations - - $300.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

65
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $300.00

Line 13 Ending Balance (As of 12/31/18): - $4,818,866.67 $4,818,866.67

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $4,818,866.67 $4,818,866.67

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $4,818,866.67 $4,818,866.67

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

66
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

67

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas EIF Debt Fund, LLC (EIFDF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.02 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $599.99

Line 4 Interest/Dividend Income - - $0.03

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): - $0.02 $600.02

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $600.00

Total Disbursements for Receivership Operations - - $600.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

68
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $600.00

Line 13 Ending Balance (As of 12/31/18): - $0.02 $0.02

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.02 $0.02

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.02 $0.02

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

69
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

70

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Enhanced Income Fund, LLC (EIF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $23,759.02 $39,574.91

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - -

Line 4 Interest/Dividend Income $30.55 $30.55 $194.47

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - $180.18

Total Funds Available (Lines 1-8): $30.55 $23,789.57 $39,949.56

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $599.99

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments $546.76 $16,106.76

Total Disbursements for Receivership Operations $546.76 $546.76 $16,706.75

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

71
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $546.76 $16,706.75

Line 13 Ending Balance (As of 12/31/18): - $23,242.81 $23,242.81

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $23,242.81 $23,242.81

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $23,242.81 $23,242.81

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

72
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

73

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas ETC Founders Fund, LLC (ETC)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.00 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $3,706.94

Line 4 Interest/Dividend Income - - $0.08

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): - $0.00 $3,707.02

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $3,707.02

Total Disbursements for Receivership Operations - - $3,707.02

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

74
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $3,707.02

Line 13 Ending Balance (As of 12/31/18): - $0.00 $0.00

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.00 $0.00

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.00 $0.00

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

75
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

76

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Hybrid Fund, LLC (Hybrid)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.02 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities $2,960.99 $2,960.99 $4,560.96

Line 4 Interest/Dividend Income $3.36 $3.36 $3.41

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $2,964.35 $2,964.37 $4,564.37

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments $275.00 $1,875.00

Total Disbursements for Receivership Operations $275.00 $275.00 $1,875.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

77
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $275.00 $1,875.00

Line 13 Ending Balance (As of 12/31/18): - $2,689.37 $2,689.37

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $2,689.37 $2,689.37

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $2,689.37 $2,689.37

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

78
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

79

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Income Opportunity Fund II, LLC (IOF II)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $16,626.04 $17,436.79

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - -

Line 4 Interest/Dividend Income $21.37 $21.37 $110.62

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $21.37 $16,647.41 $17,547.41

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $900.00

Total Disbursements for Receivership Operations - - $900.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

80
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $900.00

Line 13 Ending Balance (As of 12/31/18): - $16,647.41 $16,647.41

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $16,647.41 $16,647.41

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $16,647.41 $16,647.41

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

81
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

82

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Income Opportunity Fund, LLC (IOF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $358,016.56 $235,071.99

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - -

Line 4 Interest/Dividend Income $461.71 $461.71 $4,337.50

Line 5 Business Asset Liquidation $1,053.43 $1,053.43 $135,371.29

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - $2,525.92

Total Funds Available (Lines 1-8): $1,515.14 $359,531.70 $377,306.70

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $16,500.00

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $1,275.00

Total Disbursements for Receivership Operations - - $17,775.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

83
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $17,775.00

Line 13 Ending Balance (As of 12/31/18): - $359,531.70 $359,531.70

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $359,531.70 $359,531.70

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $359,531.70 $359,531.70

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

84
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

85

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Income Protection Fund, LLC (IPF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $1,048,800.80 $4,037.08

Increases in Fund Balance: 

Line 2 Business Income - - $1,044,028.77

Line 3 Cash and Securities - - -

Line 4 Interest/Dividend Income $1,351.32 $1,351.32 $3,986.27

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $1,351.32 $1,050,152.12 $1,052,052.12

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $1,900.00

Total Disbursements for Receivership Operations - - $1,900.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

86
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $1,900.00

Line 13 Ending Balance (As of 12/31/18): - $1,050,152.12 $1,050,152.12

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $1,050,152.12 $1,050,152.12

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $1,050,152.12 $1,050,152.12

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

87
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

88

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas International Holdings, LLC (AIH)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $14,782.35 $3.66

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $15,000.00

Line 4 Interest/Dividend Income $18.99 $18.99 $97.68

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $18.99 $14,801.34 $15,101.34

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $100.00

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $200.00

Total Disbursements for Receivership Operations - - $300.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

89
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $300.00

Line 13 Ending Balance (As of 12/31/18): - $14,801.34 $14,801.34

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $14,801.34 $14,801.34

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $14,801.34 $14,801.34

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

90
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

91

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Partner Fund, LLC (APF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $47,823.23 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $5,612.19

Line 4 Interest/Dividend Income $61.58 $61.58 $235.52

Line 5 Business Asset Liquidation - - $47,899.29

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $61.58 $47,884.81 $53,747.00

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $5,362.19

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $500.00

Total Disbursements for Receivership Operations - - $5,862.19

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

92
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $5,862.19

Line 13 Ending Balance (As of 12/31/18): - $47,884.81 $47,884.81

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $47,884.81 $47,884.81

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $47,884.81 $47,884.81

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

93
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

94

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Peer-To-Peer Funding, LLC (AP2PF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $77,547.09 $43,352.91

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - -

Line 4 Interest/Dividend Income $99.88 $99.88 $512.53

Line 5 Business Asset Liquidation $11.96 $11.96 $36,455.72

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - $27.27

Total Funds Available (Lines 1-8): $111.84 $77,658.93 $80,348.43

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $0.39

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $989.11

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $1,700.00

Total Disbursements for Receivership Operations - - $2,689.50

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

95
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $2,689.50

Line 13 Ending Balance (As of 12/31/18): - $77,658.93 $77,658.93

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $77,658.93 $77,658.93

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $77,658.93 $77,658.93

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

96
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

97

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Private Client Fund, LLC (PCF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $8,657,259.86 $7,599.71

Increases in Fund Balance: 

Line 2 Business Income - - $3,900.04

Line 3 Cash and Securities - - $132,810.00

Line 4 Interest/Dividend Income $11,154.77 $11,154.77 $57,344.33

Line 5 Business Asset Liquidation - - $8,740,098.85

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $11,154.77 $8,668,414.63 $8,941,752.93

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $132,810.00

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $137,951.61

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $2,576.69

Total Disbursements for Receivership Operations - - $273,338.30

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

98
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $273,338.30

Line 13 Ending Balance (As of 12/31/18): - $8,668,414.63 $8,668,414.63

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $8,668,414.63 $8,668,414.63

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $8,668,414.63 $8,668,414.63

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

99
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

100

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Senior Housing Operations, LLC (ASHO)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.02 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $934.16

Line 4 Interest/Dividend Income - - $0.03

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): - $0.02 $934.19

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $934.17

Total Disbursements for Receivership Operations - - $934.17

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

101
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $934.17

Line 13 Ending Balance (As of 12/31/18): - $0.02 $0.02

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.02 $0.02

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.02 $0.02

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

102
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

103

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Senior Housing, LLC (ASH)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $1,907,953.35 $12.99

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $588.00

Line 4 Interest/Dividend Income $2,458.34 $2,458.34 $11,898.69

Line 5 Business Asset Liquidation - - $1,899,700.00

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $2,458.34 $1,910,411.69 $1,912,199.68

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $887.99

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $900.00

Total Disbursements for Receivership Operations - - $1,787.99

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

104
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $1,787.99

Line 13 Ending Balance (As of 12/31/18): - $1,910,411.69 $1,910,411.69

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $1,910,411.69 $1,910,411.69

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $1,910,411.69 $1,910,411.69

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

105
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

106

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Wealth Management Partner Fund, LLC (AWMPF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.00 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $875.00

Line 4 Interest/Dividend Income - - $0.02

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): - $0.00 $875.02

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $0.02

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $875.00

Total Disbursements for Receivership Operations - - $875.02

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

107
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $875.02

Line 13 Ending Balance (As of 12/31/18): - $0.00 $0.00

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.00 $0.00

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.00 $0.00

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

108
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

109

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas Wealth Management, LLC (AWM)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $22,445.26 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - $25,776.90

Line 3 Cash and Securities - - $1,500.00

Line 4 Interest/Dividend Income $28.86 $28.86 $147.22

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $28.86 $22,474.12 $27,424.12

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $2,675.00

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $2,275.00

Total Disbursements for Receivership Operations - - $4,950.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

110
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $4,950.00

Line 13 Ending Balance (As of 12/31/18): - $22,474.12 $22,474.12

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $22,474.12 $22,474.12

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $22,474.12 $22,474.12

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

111
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

112

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aequitas WRFF I, LLC (AWRFFI)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.00 $100.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $3,220.00

Line 4 Interest/Dividend Income - - $107.72

Line 5 Business Asset Liquidation - - $164,003.00

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - $5,968.97

Total Funds Available (Lines 1-8): - $0.00 $173,399.69

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $4,565.47

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $164,508.69

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $4,325.53

Total Disbursements for Receivership Operations - - $173,399.69

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

113
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $173,399.69

Line 13 Ending Balance (As of 12/31/18): - $0.00 $0.00

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.00 $0.00

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.00 $0.00

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

114
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

115

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Aspen Grove Equity Solutions, LLC (AGES)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $85,706.94 $85,601.94

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - -

Line 4 Interest/Dividend Income $110.40 $110.40 $565.40

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $110.40 $85,817.34 $86,167.34

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $350.00

Total Disbursements for Receivership Operations - - $350.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

116
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $350.00

Line 13 Ending Balance (As of 12/31/18): - $85,817.34 $85,817.34

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $85,817.34 $85,817.34

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $85,817.34 $85,817.34

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

117
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

118

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Campus Student Funding, LLC (CSF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $26,482,994.92 $2,170,204.80

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $2,487,131.04

Line 4 Interest/Dividend Income $34,687.89 $34,687.89 $162,395.85

Line 5 Business Asset Liquidation $985,193.37 $985,193.37 $32,691,007.62

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - $14,786.60

Total Funds Available (Lines 1-8): $1,019,881.26 $27,502,876.18 $37,525,525.91

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - $1,961,505.22

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $1,040,000.00

 Line 10a Disbursements to Receiver or Other Professionals $17,889.90 $1,072,582.16

 Line 10b Business Asset Expenses $68,428.25 $5,253,766.65

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - $775,000.00

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $6,113.85

Total Disbursements for Receivership Operations $86,318.15 $86,318.15 $8,147,462.66

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

119
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $86,318.15 $10,108,967.88

Line 13 Ending Balance (As of 12/31/18): - $27,416,558.03 $27,416,558.03

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $27,416,558.03 $27,416,558.03

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $27,416,558.03 $27,416,558.03

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

120
 Claims Processing -

 Web Site Maintenance/Call Center -

4. Fund Administrator Bond -

5. Miscellaneous -

6. FAIR Reporting Expenses -

Total Plan Implementation Expenses Not Paid by the

Fund -

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - -

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors:

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund ϭ

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

121

February 1, 2019
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122
STANDARDIZED FUND ACCOUNTING REPORT for CarePayment Holdings, LLC (CPH)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.02 $293.18

Increases in Fund Balance: 

Line 2 Business Income - - $7,227,348.43

Line 3 Cash and Securities - - $6,604,569.50

Line 4 Interest/Dividend Income - - $131.61

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - $6,432.24

Total Funds Available (Lines 1-8): - $0.02 $13,838,774.96

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $6,604,269.50

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $7,232,005.44

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $2,500.00

Total Disbursements for Receivership Operations - - $13,838,774.94

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

123
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $13,838,774.94

Line 13 Ending Balance (As of 12/31/18): - $0.02 $0.02

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.02 $0.02

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.02 $0.02

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

124
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

125

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for CarePayment, LLC (CPLLC)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $15,622,694.36 $151,688.27

Increases in Fund Balance: 

Line 2 Business Income - - $2,105,265.71

Line 3 Cash and Securities - - $24,976,176.63

Line 4 Interest/Dividend Income $20,129.73 $20,129.73 $96,118.22

Line 5 Business Asset Liquidation $570.16 $570.16 $114,616,492.48

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - $1,736.92

Total Funds Available (Lines 1-8): $20,699.89 $15,643,394.25 $141,947,478.23

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - $39,842,380.46

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $3,638,236.79

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses $570.16 $23,306,106.51

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - $59,514,777.13

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments $100.00 $3,253.25

Total Disbursements for Receivership Operations $670.16 $670.16 $86,462,373.68

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

126
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $670.16 $126,304,754.14

Line 13 Ending Balance (As of 12/31/18): - $15,642,724.09 $15,642,724.09

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $15,642,724.09 $15,642,724.09

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $15,642,724.09 $15,642,724.09

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

127
 Claims Processing -

 Web Site Maintenance/Call Center -

4. Fund Administrator Bond -

5. Miscellaneous -

6. FAIR Reporting Expenses -

Total Plan Implementation Expenses Not Paid by the

Fund -

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - -

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors:

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund ϭ

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

128

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for CP Funding I Holdings, LLC (CPFIH)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.02 $38.76

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $861.23

Line 4 Interest/Dividend Income - - $0.03

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): - $0.02 $900.02

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $900.00

Total Disbursements for Receivership Operations - - $900.00

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

129
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $900.00

Line 13 Ending Balance (As of 12/31/18): - $0.02 $0.02

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.02 $0.02

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.02 $0.02

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

130
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

131

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Hickory Growth Partners, LLC (Hickory)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.00 $0.00

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $450.00

Line 4 Interest/Dividend Income - - $9.88

Line 5 Business Asset Liquidation - - $27,750.00

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): - $0.00 $28,209.88

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $27,909.88

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $300.00

Total Disbursements for Receivership Operations - - $28,209.88

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

132
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $28,209.88

Line 13 Ending Balance (As of 12/31/18): - $0.00 $0.00

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.00 $0.00

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.00 $0.00

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

133
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

134

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for ML Financial Holdings, LLC (MLFH)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $2,607.40 $7,078.90

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - -

Line 4 Interest/Dividend Income $3.30 $3.30 $21.09

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): $3.30 $2,610.70 $7,099.99

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - -

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - -

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $4,489.29

Total Disbursements for Receivership Operations - - $4,489.29

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

135
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $4,489.29

Line 13 Ending Balance (As of 12/31/18): - $2,610.70 $2,610.70

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $2,610.70 $2,610.70

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $2,610.70 $2,610.70

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

136
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

137

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for MotoLease Financial, LLC (MLF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $11,982,711.22 $1,910,987.78

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $3,690,539.52

Line 4 Interest/Dividend Income $15,735.87 $15,735.87 $65,305.85

Line 5 Business Asset Liquidation $478,498.39 $478,498.39 $14,676,285.62

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - $100.00

Line 8 Miscellaneous - Other $3,000.00 $3,000.00 $18,006.56

Total Funds Available (Lines 1-8): $497,234.26 $12,479,945.48 $20,361,225.33

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $6,379,539.52

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses $60,223.83 $1,541,155.41

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments $270.00 $21,078.75

Total Disbursements for Receivership Operations $60,493.83 $60,493.83 $7,941,773.68

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

138
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $60,493.83 $7,941,773.68

Line 13 Ending Balance (As of 12/31/18): - $12,419,451.65 $12,419,451.65

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $12,419,451.65 $12,419,451.65

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $12,419,451.65 $12,419,451.65

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

139
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

140

February 1, 2019
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141
STANDARDIZED FUND ACCOUNTING REPORT for The Hill Land, LLC (Hill Land)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $0.00 $36,126.74

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - -

Line 4 Interest/Dividend Income - - $1.66

Line 5 Business Asset Liquidation - - -

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - -

Total Funds Available (Lines 1-8): - $0.00 $36,128.40

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - -

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans - $35,000.00

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $1,128.40

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - -

Total Disbursements for Receivership Operations - - $36,128.40

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

142
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $0.00 $36,128.40

Line 13 Ending Balance (As of 12/31/18): - $0.00 $0.00

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $0.00 $0.00

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $0.00 $0.00

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

143
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

144

February 1, 2019
STANDARDIZED FUND ACCOUNTING REPORT for Unigo Student Funding, LLC (USF)- Cash Basis

Receivership; Civil Court Case No. 3:16-cv-00438-JR

REPORTING PERIOD 10/01/2018 TO 12/31/2018

FUND ACCOUNTING (See Instructions): Current Reporting Period 10/01/18 to 12/31/18 03/16/16 to 12/31/18

 Detail Subtotal Grand Total Case to Date

Line 1 Beginning Balance $734,788.41 $829,669.82

Increases in Fund Balance: 

Line 2 Business Income - - -

Line 3 Cash and Securities - - $185,000.00

Line 4 Interest/Dividend Income $946.56 $946.56 $4,549.87

Line 5 Business Asset Liquidation - - $1,009,807.74

Line 6 Personal Asset Liquidation - - -

Line 7 Third-Party Litigation - - -

Line 8 Miscellaneous - Other - - $4,904.80

Total Funds Available (Lines 1-8): $946.56 $735,734.97 $2,033,932.23

Decreases in Fund Balance: 

Line 9 Disbursements to Senior Secured Lenders/Investors - - - $1,049,118.52

Line 10 Disbursements for Receivership Operations 

 Line 10 Internal Loans $178.84 $212,574.05

 Line 10a Disbursements to Receiver or Other Professionals - -

 Line 10b Business Asset Expenses - $34,587.03

 Line 10c Personal Asset Expenses - -

 Line 10d Hospital Settlements & Investment Expenses - -

 Line 10e Third-Party Litigation Expenses - -

 1. Attorney Fees - 

 2. Litigation Expenses - 

 Total Third-party Litigation Expenses - 

 Line 10f Tax Administrator Fees and Bonds - -

 Line 10g Federal and State Tax Payments - $2,096.50

Total Disbursements for Receivership Operations $178.84 $178.84 $249,257.58

Line 11 Disbursements for Distribution Expenses Paid by the 

Fund: - - 

 Line 11 Distribution Plan Development Expenses - -

 Line 11a Distribution Plan Development Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 Independent Distribution Consultant (IDC) - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses - 

 Line 11b Distribution Plan Implementation Expenses: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

145
 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. Federal Account for Investor Restitution (FAIR) 

Reporting Expenses - 

Total Plan Implementation Expenses - 

Total Disbursements for Distribution Expenses Paid by 

the Fund - - -

Line 12 Disbursements to Court/Other: - 

 Line 12 Disbursements to Court - -

 Line 12a Investment Expenses/Court Registry Investment 

System (CRIS) Fees - -

 Line 12b Federal Tax Payments - -

Total Disbursements to Court/Other: - - -

Total Funds Disbursed (Lines 9-12): - $178.84 $1,298,376.10

Line 13 Ending Balance (As of 12/31/18): - $735,556.13 $735,556.13

Line 14 Ending Balance of Fund - Net Assets: 

 Line 14a Cash & Cash Equivalents - $735,556.13 $735,556.13

 Line 14b Investments - - -

 Line 14c Other Assets or Uncleared Funds - - -

 Total Ending Balance of Fund - Net Assets - $735,556.13 $735,556.13

 

OTHER SUPPLEMENTAL INFORMATION: 10/01/18 to 12/31/18 03/16/16 to 12/31/18

Detail Subtotal Grand Total Case to Date

Report of Items NOT To Be Paid by the Fund: 

Line 15 Disbursements for Plan Administration Expenses Not 

Paid by the Fund: - - 

 Line 15 Disbursements for Plan Administration Expenses - -

 Line 15a Plan Development Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Miscellaneous - 

Total Plan Development Expenses Not Paid by the Fund - 

 Line 15b Plan Implementation Expenses Not Paid by the Fund: - -

 1. Fees: - 

 Fund Administrator - 

 IDC - 

 Distribution Agent - 

 Consultants - 

 Legal Advisers - 

 Tax Advisers - 

 2. Administrative Expenses - 

 3. Investor Identification: - 

 Notice/Publishing Approved Plan - 

 Claimant Identification - 

146
 Claims Processing - 

 Web Site Maintenance/Call Center - 

 4. Fund Administrator Bond - 

 5. Miscellaneous - 

 6. FAIR Reporting Expenses - 

 Total Plan Implementation Expenses Not Paid by the 

Fund - 

 Line 15c Tax Administrator Fees & Bonds Not Paid by the Fund - -

Total Disbursements for Plan Administrative Expenses 

Not Paid by the fund - - -

Line 16 Disbursements to Court/Other Not Paid by the Fund: - - 

 Line 16a Investment Expenses/CRIS Fees - -

 Line 16b Federal Tax Payments - -

Total Disbursements to Court/Other Not Paid by the 

Fund: - - -

Line 17 DC & State Tax Payments - - -

Line 18 No. of Claims:

 Line 18a # of Claims Received This Reporting Period -

 Line 18b # of Claims Received Since Inception of Fund -

Line 19 No. of Claimants / Investors: 

 Line 19a # of Claimants / Investors Paid This Reporting Period -

 Line 19b # of Claimants / Investors Paid Since Inception of Fund -

 

Receiver:

By:

(signature)

Ronald F. Greenspan

(printed name)

Receiver

(title)

Date:

147

February 1, 2019
 

 

Exhibit C 
Acronyms Glossary 

Acronym Full Name 

ACF Aequitas Commercial Finance, LLC 

ACF-PN Aequitas Commercial Finance Private Notes 

ACL Aequitas Corporate Lending, LLC 

ACM Aequitas Capital Management, Inc. 

AH or AHL Aequitas Holdings, LLC 

AICPA American Institute of Certified Public Accountants 

AIM Aequitas Investment Management, LLC 

AM or AML Aequitas Management, LLC 

APF Aequitas Partner Fund, LLC 

ASFG American Student Financial Group, Inc. 

CFPB Consumer Financial Protection Bureau 

CPFIT CP Funding I Trust 

CPLLC CarePayment LLC 

CPYT CarePayment Technologies, Inc. 

CSF Campus Student Funding, LLC 

D&O Directors and Officers Liability Insurance 

DTI Document Technologies, Inc. 

FTI FTI Consulting, Inc. 

IAC Investment Advisory Committee 

IRA Individual Retirement Account 

IRS Internal Revenue Service 

IT Information Technology 

LLC Limited Liability Company 

LLP Limited Liability Partnership 

LP Limited Partnership 

Ltd. Limited Company 

MLF Motolease Financial, LLC 

PCF Aequitas Private Client Fund, LLC 

PSF Portland Seed Fund 

RFP Request For Production 

S.A. Société anonyme 

SaaS Software as a Service 

SEC Securities and Exchange Commission