Document:

Exhibit 10.10

  

   

    

  
    

    FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

     

    This First Amendment to Employment Agreement (as hereinafter amended from time to time, this “Amendment”) is made and entered into this 24th day of
      September, 2020 by and between WOODBRIDGE WIND-DOWN ENTITY LLC, a Delaware limited liability company (the “Company”), and DAVID MARK KEMPER II (the “Employee”).

     

    RECITALS

    

    

    The Company and Employee are party to that certain Employment Agreement, dated as of November 12, 2019 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Employment Agreement”).

     

    The Company and the Employee desire to amend the Employment Agreement on the terms and subject to the conditions set forth herein.

     

    NOW, THEREFORE, in consideration of the promises and mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are mutually acknowledged,
      the Company and the Employee (individually a “Party” and together the “Parties”), intending to be legally bound, agree as follows:

     

    AGREEMENT

    

    

    Section 1.          Definitions.  Capitalized terms used but not otherwise define herein shall have the respective meanings assigned thereto in the
      Employment Agreement. 

     

    Section 2.        Amendments to the Employment Agreement. The Parties hereby agree to amend the Employment Agreement by deleting Section 4(b) of the
      Employment Agreement in its entirety and replacing it with the following: 

     

    “(b)     Discretionary Bonuses.   If Employee is still employed by the Company on December 31, 2020, the Employee shall be considered by the Board for a
      discretionary bonus with respect to 2020, which discretionary bonus shall not exceed 25% of the Employee’s Base Salary for 2020.  Any discretionary bonus for 2020 shall be paid on or before January 31, 2021.  If Employee is still employed by the
      Company on December 31, 2021, the Employee shall be considered by the Board for a discretionary bonus with respect to 2021, which discretionary bonus shall not exceed 25% of the Employee’s Base Salary for 2021.  Any discretionary bonus for 2021 shall
      be paid on or before January 31, 2022.  If the Employee is still employed by the Company at the end of the Wind-Down Period and the Wind-Down Period ends after January 1, 2022, the Employee shall be considered by the Board for a discretionary bonus
      with respect to the period from January 1, 2022 to the end of the Wind-Down Period, which discretionary bonus shall not exceed 25% of the Employee’s Base Salary for 2022.  Any such discretionary bonus shall be paid within thirty (30) days of
      Dissolution.  Discretionary bonuses will be considered by the Board in its sole and absolute discretion.”

     

    
      
        

    

    Section 3.           Miscellaneous.

     

    (a)      Governing Law.  This Amendment shall be subject to and governed by the laws of the State of California applicable to contracts made and to
      be performed therein, without regard to conflict-of-laws principles thereof. 

     

    (b)      Jurisdiction.  Any action to enforce any of the provisions of this Amendment shall be brought in a court of the State of California located
      in Los Angeles County or in a Federal court located in Los Angeles, California.  The parties consent to the jurisdiction of such courts and to the service of process in any manner provided by California law.  Each Party irrevocably waives any
      objection that it may now or hereafter have to the laying of the venue of any such suit, action, or proceeding brought in such court and any claim that such suit, action, or proceeding brought in such court has been brought in an inconvenient forum
      and agrees that service of process in accordance with the foregoing sentences shall be deemed in every respect effective and valid personal service of process upon such Party. 

     

    (c)      Effect of Amendment.  Except as expressly amended hereby, the Employment Agreement shall continue in full force and effect.  Any references
      to the Employment Agreement (whether in the Employment Agreement or any agreement, document, document or certificate contemplated thereby and/or executed in connection therewith) are hereby amended to mean the Employment Agreement as amended by this
      Amendment. 

     

    (d)       Counterparts.  This Amendment may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures
      thereto and hereto were upon the same instrument.

     

    [Signature Page Follows]

     

    
      
        

    

    IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment to Employment Agreement on the day and year first above written.

     

    

    	 	
            WOODBRIDGE WIND-DOWN ENTITY LLC

          
	 	 	 
	 	
            By:

          	
            /s/ Frederick Chin

          	 
	 	
            Name:

          	
            Frederick Chin

          
	 	
            Title:

          	
            Chief Executive Officer

          
	 	 	 
	 	
            

            

          	
            EMPLOYEE

          	 
	 	 	 
	 	
            Signature:

            

          	
            /s/ David Mark Kemper II

          	 
	 	
            Name:

          	
            David Mark Kemper IIExhibit 10.12

  

  
    

    

    IN THE UNITED STATES BANKRUPTCY COURT

     FOR THE DISTRICT OF DELAWARE

     

    
      	 	 	 	 
	
              In re:

            	
               

            	 	Chapter 11
	
               

            	
               

            	 	
               

            
	
              WOODBRIDGE GROUP OF COMPANIES, LLC,

              et al.,1

            	
               

            	 	Case No. 17-12560 (BLS)
	
               

            	
               

            	 	
              (Jointly Administered)

            
	
              Remaining Debtors.

            	
               

            	 	
               

            
	 	 	 	
              Ref. Doc. No. 4521

               

              

            

    

     

    ORDER, PURSUANT TO SECTION 105(a) OF THE BANKRUPTCY CODE

     AND BANKRUPTCY RULE 9019, AUTHORIZING AND APPROVING ENTRY INTO

     A SETTLEMENT WITH THE UNITED STATES OF AMERICA

    

    

    Upon the Motion of Woodbridge Liquidation Trust and Woodbridge Wind-Down Entity for Entry of an Order, Pursuant to Section 105(a) of the Bankruptcy Code and Bankruptcy Rule 9019,
        Authorizing and Approving Entry into a Settlement with the United States of America (the “Motion”)2 filed by the Woodbridge Liquidation Trust (the “Trust”), formed pursuant to the confirmed and effective First Amended Joint Chapter 11 Plan of Liquidation of Woodbridge Group of Companies, LLC and its Affiliated Debtors [D.I. 2397] (the “Plan”) in the jointly-administered chapter 11 bankruptcy cases (the “Chapter

        11 Cases”) of Woodbridge Group of Companies, LLC and its affiliated debtors and debtors in possession (collectively, the “Debtors”); and this Court having found that it has jurisdiction to consider the Motion and the relief requested
      therein pursuant to 28 U.S.C. §§ 157 and 1334 and the Amended Standing Order of Reference from the United States District Court for the District of Delaware, dated February 29, 2012; and this Court having
      found that venue of these cases and the Motion in this district is proper pursuant to 28 U.S.C. §§ 1408 and 1409; and this Court having found that this matter is a core proceeding pursuant to 28 U.S.C. § 157(b); and this Court having determined that
      it may enter a final order consistent with Article III of the United States Constitution; and it appearing that notice of the Motion has been given as set forth in the Motion and that such notice is adequate and no other or further notice need be
      given; and this Court having found and determined that the relief sought in the Motion is in the best interest of the Trust and its beneficiaries; and that the legal and factual bases set forth in the Motion establish just cause for the relief
      granted herein; and after due deliberation and sufficient cause appearing therefor,

     

    
      
 

     

    

    	

          	1	
            The Remaining Debtors and the last four digits of their respective federal tax identification numbers are as follows: Woodbridge Group of Companies, LLC (3603) and Woodbridge Mortgage Investment Fund 1, LLC (0172). The Remaining Debtors’
              mailing address is 14140 Ventura Boulevard #302, Sherman Oaks, California 91423.

          

     

    
      	 	
              2

            	
              Capitalized terms used, but not otherwise defined herein, have the meaning given to them in the Motion.

            

    

    

    

    
      
        

    

    
      IT IS HEREBY ORDERED THAT:

       

      

      
        1.           The Motion is GRANTED as set forth herein.

      

      

      

      2.           Pursuant to section 105(a) of the Bankruptcy Code and Bankruptcy Rule 9019, the Trust is authorized to enter into the Stipulation and Settlement Agreement (the “Agreement”),

        in substantially the form attached hereto as Exhibit 1, which Agreement is authorized and approved in its entirety.

       

      

      3.           Immediately upon entry of this Order, the Trust is authorized and empowered to take any and all actions necessary or appropriate to consummate, carry out, effectuate, or otherwise enforce the terms,
        conditions, and provisions of the Agreement.

      

      

      4.           The Court shall retain jurisdiction and power over any and all matters arising from or related to the interpretation or implementation of this Order and the Settlement Agreement.

      

      

      
        	 	
                

              
	
                Dated: September 17th, 2020

              	
                BRENDAN L. SHANNON UNITED STATES BANKRUPTCY JUDGE

              
	Wilmington, Delaware	
                 

              

         

        

      

    

    
      
        

    

    EXHIBIT 1 TO ORDER

     

    

    
      
        

    

    UNITED STATES DISTRICT COURT

     SOUTHERN DISTRICT OF FLORIDA

    

    

    CASE NO. 19-20178-CR-ALTONAGA

     

    

    
      	
               UNITED STATES OF AMERICA

            	
               

            
	
               

            	
               

            
	
              v.

            	 
	 	 
	
              ROBERT SHAPIRO,

            	 
	 	 
	
              Defendant.

            	 
	/	 
	 	 
	WOODBRIDGE LIQUIDATION TRUST,	 
	 	 
	
              Third-Party Petitioner.

            	 
	/	 

    

    

    

    STIPULATION AND SETTLEMENT AGREEMENT

    

    

    The United States of America (the “United States”) and Petitioner Woodbridge Liquidation Trust, by and through its trustee, Michael I. Goldberg, (“Petitioner” or the “Liquidation Trust”) (together,
      the “Parties”) stipulate and agree, subject to the Court’s approval, in the above-captioned matter as follows:

     

    
      
        	
                I.

              	
                RECITALS

              

      

    

    

    

    	 	A.	
            Instant Criminal Case and Forfeiture Proceedings

          

     

    

    1.         From in or around July 2012, through in or around December 2017, in the Southern District of Florida and elsewhere, Defendant Robert Shapiro (the “Defendant”) and his co- conspirators
      engaged in a conspiracy to commit mail and wire fraud in violation of 18 U.S.C. §§ 1341, 1343 and 1349, to defraud investors and obtain money and property by materially false and fraudulent pretenses, representations, and promises in connection with
      the sale of promissory notes and units, by: (a) soliciting and causing others to solicit millions of dollars in investor funds under false and fraudulent pretenses, representations and promises; (b) intentionally failing to utilize investor funds in
      the manner that they, their co-conspirators and others had promised; (c) misappropriating and converting investor funds for their own benefit and the benefit of others without the knowledge and authorization of the investors; and (d) making false
      statements and engaging in other fraudulent activities designed to conceal the commission of the offense. See Shapiro’s Stipulated Factual Proffer 1-2, ECF No. 140.

     

    

    
      
        

    

    
    2.         The Defendant and his co-conspirators fraudulently convinced thousands of investors to invest more than $1.29 billion in the following entities (collectively, referred to as the
      “Woodbridge Entities”):

     

    

    (i)          Woodbridge Group of Companies, LLC (d/b/a Woodbridge Wealth) (“Woodbridge Group of Companies”);

    (ii)        Woodbridge Mortgage Investment Fund 1, LLC; Woodbridge Mortgage Investment Fund 2, LLC, Woodbridge Mortgage Investment Fund 3, LLC, Woodbridge Mortgage Investment Fund
      3A, LLC, Woodbridge Mortgage Investment Fund 4, LLC, Woodbridge Commercial Bridge Loan Fund 1, LLC, and Woodbridge Commercial Bridge Loan Fund 2, LLC (the “Woodbridge Fund Companies”);

    
      (iii)        WMF Management, LLC (“WMF”);

    

    (iv)        Woodbridge Structured Funding, LLC (a/k/a Woodbridge Structured Funding of Florida, LLC) (“WSF”);

    
      (v)         Woodbridge Realty of Colorado (“Woodbridge Realty”);

    

    
      (vi)        Mercer Vine, Inc. (“Mercer Vine”);

    

    
      (vii)       Riverdale Funding, LLC (“Riverdale”); and

    

    (viii)     RS Protective Trust (“RS Trust”), which was the holding trust for the assets of Woodbridge, WMF, WSF, and more than 270 limited liability companies (the “RS Trust
      LLCs”).

     

    

    See id. at 2-3 & n.1-8, 7.

     

      

    3.           On April 4, 2019, a federal grand jury returned an Indictment charging the Defendant, inter alia, in Count 1 with conspiracy to commit mail and wire fraud in
      violation of 18 U.S.C. §§ 1341, 1343, and 1349, and in Count 10 with evasion of payment of federal income taxes. See Indictment, ECF No. 3.

     

    

    
      2

      
        

    

    4.          The Indictment contained forfeiture allegations, which alleged that upon a conviction of a violation of 18 U.S.C. §§ 1341, 1343 and/or 1349, the Defendant shall forfeit to the United States of America, any
      property, real or personal, which constitutes or is derived from proceeds traceable to such violation, pursuant to 18 U.S.C. § 981(a)(1)(C) and 28 U.S.C. § 2461(c). See id. at 19. The Indictment alleged that
      property directly subject to forfeiture includes, but is not limited to (the “Directly Forfeitable Assets”):

    

    (i)          All assets on deposit in account number 4040774877 at Alpine Bank, held in the name of Carbondale Basalt Owners LLC;

    (ii)         All assets on deposit in account number 8900003424 at Alpine Bank, held in the name of Davana Sherman Oaks Owners LLC;

    (iii)        All assets on deposit in account number 8970196989 at Alpine Bank, held in the name of Midland Loop Enterprises LLC;

    (iv)        All assets on deposit in account number 36044043514 at Capital One Bank, held in the name of Jeri Shapiro;

    (v)         All assets on deposit in account number 80-27009771 at East West Bank, held in the name of Davana Primrose Ventures LLC;

    (vi)        All assets on deposit in account number 20-27007984 at East West Bank, held in the name of Jeri L Shapiro;

    (vii)       All assets on deposit in account number 80-27010068 at East West Bank, held in the name of Reliance Marketing Solutions LLC;

    (viii)      All assets on deposit in account number 80-27010381 at East West Bank, held in the name of Settlement Depot LLC;

    (ix)        All assets on deposit in account number X96-267462 at Fidelity Cash Management, held in the name of Jeri Shapiro;

    (x)         All assets on deposit in account number 197148628 at Regions Bank, held in the name of Commercial Bridge Lenders LLC;

    (xi)        All assets on deposit in account number 2010131932 at Timberline Bank, held in the name of Golden Mesa Ventures LLC;

    (xii)       All assets on deposit in account number 2010131940 at Timberline Bank, held in the name of Golden Primrose Ventures LLC;

    (xiii)      All assets on deposit in account number 157514954443 at US Bank, held in the name of Jeri Shapiro;

    (xiv)      One (1) 18-karat, white gold, bangle bracelet, with 550 round diamonds (12.50 carats) and 1,434 black diamonds (24.92 carats);

    (xv)       One (1) pair of 18-karat, white gold, drop earrings, with 1,344 round-cut diamonds (13.80 carats);

    (xvi)      One (1) pair of 18-karat, white gold, button earrings, with 162 round diamonds (13.89 carats);

    (xvii)     One (1) pair of 18-karat, white gold, drop earrings with 99 yellow sapphires (1.10 carats), 117 tsavorites (1.18 carats), 125 blue sapphires (1.38 carats), 124 blue
      diamonds (1.36 carats), 120 amethysts (1.24 carats), 120 pink sapphires (1.18 carats), and 125 orange sapphires (1.26 carats);

    (xviii)    One (1) pair of 18-karat, white gold, drop earrings with 22 emeralds (35.53 carats) and round-cut diamonds (7.18 carats);

     

    

    
      3

      
        

    

    
      (xix)      One (1) pair of 18-karat, rose gold, golden pearl earrings with round-cut diamonds (.39 carat);

      (xx)       One (1) pair of 18-karat, rose gold, drop earrings with round-cut diamonds (.62 carat);

      
        (xxi)      One (1) pair of 18-karat, rose gold, drop earrings with rubies (38.90 carats);

      

      
        (xxii)     One (1) emerald and diamond ring;

      

      (xxiii)    One (1) platinum ring with certified Colombia emerald-cut emerald (9.54 carats), eight trapezoid-cut diamonds (2.09 carats), and 166 round-cut diamonds (1.42 carats);

      (xxiv)    One (1) pair of 18-karat, white gold earrings with multi-color pearls (11.8- 15.5mm) and round-cut diamonds (.98 carat);

      (xxv)     One (1) platinum ring with oval-cut ruby (10.19 carats), two trapezoid diamonds (1.19 carats), and 70 round-cut diamonds (2.08 carats);1

      
        (xxvi)    One (1) 18-karat, rose gold, bangle bracelet with round diamonds (1.50 carats); 

        

      

    

    (xxvii)   One (1) 18-karat, white gold, bangle bracelet with round diamonds (1.5 carats);

     (xxviii)  One (1) pair of 14-karat, white gold, drop earrings with two black diamonds (61.81 carats), two icy grey diamonds (23.92 carats), two rose-cut diamonds (.36 carat), and
      266 round diamonds (1.63 carats);

    
      (xxix)    One (1) 18-karat, yellow gold ring with 13 radiant-cut diamonds (13.83 carats); and

      (xxx)     One (1) 1969 Mercury convertible, bearing Vehicle Identification Number (“VIN”) 9F92M565911.

       

      See id. at 20-23. The Indictment also advised that substitute property is subject to forfeiture, pursuant to
          21 U.S.C. § 853(p). See id. at 23.

       

        

      5.           On April 5, 2019, the Court entered a Protective Order for Assets Subject to Forfeiture, enjoining and restraining the Directly Forfeitable Assets in order to ensure their availability
        for criminal forfeiture. See Protective Order, ECF No. 8.

       

      

      6.           On August 4, 2019, the Court accepted the Defendant’s guilty plea to Counts 1 and 10 of the Indictment. See Minute Entry, ECF No. 138;
        Shapiro’s Plea Agreement, ECF No. 139; Shapiro’s Stipulated Factual Proffer, ECF No. 140. As part of his guilty plea, the Defendant agreed to the forfeiture of the Directly Forfeitable Assets and the following substitute property (the “Substitute
        Assets I”):

       

      

      
        

       

        

      1 The Indictment contained a scrivener’s error indicating that the oval-cut ruby was 10.91 carats. The correct weight is reflected above, and is 10.19 carats.

       

      

    

    
      4

      
        

    

    
      (i)          The wine collection stored at 4030 Longridge Avenue, Sherman Oaks, CA;

    

    
      (ii)         A cashier’s check for $250,000 from East West Bank;

    

    
      (iii)        A mortgage payment made out of East West Bank of $399,867.67;

    

    (iv)        all assets on deposit in account number 226157004 at Regions Bank, held in the name of Lionshare Lending LLC; and

    
      (v)         Any outstanding balance of credits in JP Morgan Chase and Citicard credit cards.

    

    

    See Shapiro’s Plea Agreement 13c.

     

      

    7.           In addition, the Defendant’s wife, Jeri Shapiro, executed a Consent to Forfeiture, in which she consented to the forfeiture of the Directly
      Forfeitable Assets and the Substitute Assets I, and waived and withdrew any claim she may have to such property. See Jeri Shapiro’s Consent to Forfeiture, ECF No. 143. Jeri Shapiro also agreed to take all
      steps requested by the United States for the forfeiture of all assets identified, whether by the United States or by her, which are or may be subject to forfeiture, including by consenting to all orders of forfeiture. Id. 10.

    

    

    
      8.           Pursuant to 18 U.S.C. § 981(a)(1)(C), which is made criminally applicable by 28 U.S.C. § 2461(c), any property, real or personal, which constitutes or is derived from proceeds
        traceable to a conspiracy to commit mail and wire fraud in violation of 18 U.S.C. § 1341, 1343, or 1349 is subject to direct criminal forfeiture. Pursuant to 21 U.S.C. § 853(c), which is also made applicable by 28 U.S.C. § 2461(c), the United
        States’ right, title, and interest in property that is subject to direct criminal forfeiture vests upon the commission of the act giving rise to the forfeiture.

    

     

    

    
      5

      
        

    

    9.           On October 15, 2019, the Court entered an Order that preliminarily forfeited, subject to third-party interests, the Directly Forfeitable Assets, the Substitute Assets I, and the
      following additional substitute property (the “Substitute Assets II”):

     

    

    (i)          check and resulting proceeds from East West Bank Check # 827015508, dated March 06, 2019 from Davana Primrose Ventures to Summit Sherman Oaks LLC in the amount of
      $250,000.00;

    (ii)         check and resulting proceeds from East West Bank Check # 827015548, dated April 01, 2019 from Davana Sherman Oaks to Jeri Shapiro in the amount of $250,000.00; and

    (iii)        check and resulting proceeds from East West Bank Check # 827015549, dated April 01, 2019 from Davana Sherman Oaks to Jeri Shapiro in the amount of $250,000.00.

    

    

    See Order, ECF No. 170. The Court also imposed a forfeiture money judgment on the Defendant, which amount was
        later amended to be $470,000,000 in U.S. currency and which represented the value of the proceeds traceable to Count 1 of the Indictment. See Am. Forfeiture Money Judgment, ECF No. 174.

     

      

    10.         On October 16, 2019, the Court sentenced the Defendant to a total of 300 months of imprisonment, that is, 240 months for Count 1 of the Indictment and a consecutive 60 months for Count 2
      of the Indictment. See Judgment, ECF No. 175.

     

    

    
      11.         On November 4, 2019, the Court imposed a restitution judgment in the amount of $478,912,763 against the Defendant. See Am. Judgment, ECF No.
        178.

       

      

    

    
      
        	 	
                B.

              	
                Liquidation Trust’s Petition

              

         

        

      

    

    12.         Notice of the criminal forfeiture of the Directly Forfeitable Assets, the Substitute Assets I, and the Substitute Assets II was posted on an official government internet site
      (www.forfeiture.gov) for a period of 30 days. See Decl. of Publication, ECF No. 183.

     

    

    
      6

      
        

    

    13.         Direct notice was sent to any person who reasonably appeared to be a potential claimant with standing to contest their forfeiture, or such person was on actual notice of the forfeiture.

     

    

    14.         The notice described the Directly Forfeitable Assets, the Substitute Assets I, and the Substitute Assets II, and advised that any person, other than the Defendant, asserting a legal
      interest in the such assets may petition the Court for a hearing to adjudicate the validity of that person’s alleged interest, within 60 days of the first day of publication or within 30 days of receipt of notice, whichever is earlier. Fed. R. Crim.
      P. 32.2(b)(6); 21 U.S.C. § 853(n)(2).

     

    

    15.         On March 13, 2020, the Liquidation Trust filed its Verified Claims and Petition for Adjudication of Interests (“Petition”). See Petition, ECF
      No. 193.

     

    

    16.         In the Petition, the Liquidation Trust claimed the Directly Forfeitable Assets, the Substitute Assets I, and the Substitute Assets II as property of the Woodbridge Entities’ bankruptcy
      estates, which property was vested in the Liquidation Trust pursuant to the First Amended Joint Chapter 11 Plan of Liquidation of Woodbridge Group of Companies, LLC and its Affiliate Debtors (the “Bankruptcy Plan”). See

        id. at 2-3.

     

    

    17.         The Bankruptcy Plan was confirmed by the United States Bankruptcy Court for the District of Delaware (“Bankruptcy Court”) on October 26, 2018, in In re
        Woodbridge Group of Companies, LLC, et al., Case No. 17-12560 (Bankr. D. Del.). See id.; Petition’s Exhibit A, ECF No. 193-1 (“Order Confirming First Amended Joint Chapter 11 Plan,” the Bankruptcy
      Court Order); Petition’s Exhibit B, ECF No. 193-2, (“First Amended Joint Chapter 11 Plan of Liquidation,” the Bankruptcy Plan).

     

    

    
      7

      
        

    

    18.         In confirming the Bankruptcy Plan, the Bankruptcy Court found that: (i) beginning no later than July 2012, through December 1, 2017, the Defendant used his web of more than 275 limited
      liability companies to conduct a massive Ponzi scheme raising more than $1.22 billion from over 8,400 unsuspecting investors nationwide; (ii) the Ponzi scheme involved the payment of purported returns to existing investors from funds contributed by
      new investors; and (iii) the Ponzi scheme was discovered no later than December 2017. See Petition’s Exhibit A at 16 (page 15 of the Bankruptcy Court Order).

    

    19.         Pursuant to the Bankruptcy Plan, the Liquidation Trust was automatically vested on February 15, 2019, with the Woodbridge Entities’ bankruptcy estates’ rights, title, and interests in,
      among other assets, non-real-estate-related assets or entities that may be transferred or otherwise provided, directly or indirectly, to or for the benefit of the Liquidation Trust.

     

    

    20.         Under the Bankruptcy Plan, the Liquidation Trust is obligated to identify the assets of the Woodbridge Entities’ bankruptcy estates and take affirmative steps to recover all such assets
      for the benefit of its beneficiaries, the vast majority of whom are victims of the Defendant’s fraudulent scheme and conspiracy. See Petition 2-3.

     

    

    21.         The vast majority of the beneficiaries of the Liquidation Trust are victims of Shapiro’s fraud schemes. See Petition 3. The Liquidation Trust
      beneficiaries include the holders of allowed claims in Class 3 and Class 5, as defined in Section 3.4 and Section 3.6 of the Bankruptcy Plan. See Petition’s Exhibit B, ECF No. 193-2 (Bankruptcy Plan, § 3.4
      Class 3: Standard Note Claims, and § 3.6 Class 5: Unit Claims). There are a total of approximately 7,940 claims in Class 3 and Class 5, which each represent a pecuniary loss as a direct result of the illegal acts that were committed in the course of
      Defendant’s offense that was the underlying basis for the forfeiture of the Directly Forfeitable Assets, the Substitute Assets I, and the Substitute Assets II. Class 3 and Class 5 claims were used to
      calculate the amount for the restitution judgment that was imposed against the Defendant.

     

    

    
      8

      
        

    

    22.         Class 3 and Class 5 claims have not been otherwise fully compensated for their pecuniary losses. Under the Bankruptcy Plan, the Liquidation Trust shall first distribute assets to each
      holder of Class A Liquidation Trust Interests, which includes Class 3 and Class 5, on a pro rata basis until the aggregate amount of all distributions equals the product of (i) the total number of Class A
      Liquidations Interests and (ii) $75.00. See Petition’s Exhibit B, ECF No. 193-2 (Bankruptcy Plan, § 1.19 Class A Liquidation Trust Interests; and § 1.84 Liquidation Trusts Interest Waterfall).

     

    
      	 	
              C.

            	
              Subject Assets

            

    

     

    23.         As a result of the Court’s Order and authorized searches of Defendant and his wife’s residence and storage facility, the United States has located and is currently in custody of the
      property listed in Exhibit A (collectively, the “Subject Assets”).

     

    

    24.         The following Directly Forfeitable Assets and Substitute Assets I identified in the Order are either duplicative of other assets or have not been recovered, and therefore, are not
      included among the Subject Assets (collectively, the “Released Assets”):

     

    

    (a)         All assets on deposit in account number 157514954443 at US Bank, held in the name of Jeri Shapiro;

    (b)         One (1) 18-karat, white gold, bangle bracelet, with 550 round diamonds (12.50 carats) and 1,434 black diamonds (24.92 carats);

    (c)         One (1) pair of 18-karat, white gold, drop earrings with 99 yellow sapphires (1.10 carats), 117 tsavorites (1.18 carats), 125 blue sapphires (1.38 carats), 124 blue
      diamonds (1.36 carats), 120 amethysts (1.24 carats), 120 pink sapphires (1.18 carats), and 125 orange sapphires (1.26 carats);

    (d)         One (1) pair of 18-karat, rose gold, golden pearl earrings with round-cut diamonds (.39 carat);

    
      (e)         One (1) emerald and diamond ring;2

    

    

    

    
      

     

      

    2 This is a duplicative asset. The asset is already more fully identified in line 18 of Exhibit A, as one (1) platinum ring with certified Colombia emerald-cut emerald (9.54 carats), eight trapezoid- cut
      diamonds (2.09 carats), and 166 round-cut diamonds (1.42 carats), seized from residence at 4030 Longridge Avenue.

     

    

    
      9

      
        

    

    
      (f)          A cashier’s check for $250,000 from East West Bank;3

       

      (g)         A mortgage payment made out of East West Bank of $399,867.67;

    

    (h)         All assets on deposit in account number 226157004 at Regions Bank, held in the name of Lionshare Lending LLC; and

    
      (i)          Any outstanding balance of credits in JP Morgan Chase and Citicard credit cards.

    

    

    

    25.         The Liquidation Trust stipulates and understands that the Released Assets are not in the United States’ custody, consents to the United States seeking the Court’s release of them from
      forfeiture, and withdraws any claim in its Petition for the Released Assets.

     

    

    26.         It is a primary goal of the United States Department of Justice to recover assets through forfeiture that may be used to compensate victims who have incurred a pecuniary loss as a direct
      result of the commission of the offense underlying such forfeiture.

      

    

    27.         The Parties share the common goal of locating and distributing assets to the victims of the Defendant’s fraud conspiracy in a timely and cost-effective manner.

     

    

    28.         The Parties have agreed to resolve this matter consistent with the sound policy favoring settlement of legal disputes without resort to unnecessary litigation.

     

    

    29.         Petitioner believes that this Stipulation and Settlement Agreement (the “Agreement”) is in the best interests of the Liquidation Trust and its beneficiaries.

     

    

    30.         The Court has jurisdiction over the Parties, the Subject Assets, and the subject matter of the Agreement.

     

    	

          	II.	
            DEFINITIONS

          

     

    

    
      31.         “Agreement” means this Stipulation and Settlement Agreement.

       

      

    

    32.         “Bankruptcy Case” means In re Woodbridge Group of Companies, LLC, et al., Bankruptcy Case No. 17-12560 (BLS) (Bankr. D. Del.).

     

    

    
      
 

     

      

    3 This is a duplicative asset. The asset is one of the cashier checks more fully identified in lines 27, 28, or 29 of Exhibit A.

     

    

    
      10

      
        

    

    33.         “Bankruptcy Court” means the United States Bankruptcy Court for the District of Delaware, which is presiding over the Bankruptcy Case.

     

    

    34.         “Bankruptcy Plan” means the First Amended Joint Chapter 11 Plan of Liquidation of Woodbridge Group of Companies, LLC and its Affiliated Debtors, confirmed by the Bankruptcy Court on
      October 26, 2018, in the Bankruptcy Case. See Petition’s Exhibit B, ECF No. 193-2.

     

    

    35.         “Collateral Source Recoveries” means any amount recovered by a Qualifying Victim under an order of restitution, as set forth in 18 U.S.C. § 3664(j)(2), or any compensation from any other
      source with respect to the such loss, as set forth in by 18 U.S.C. § 3664(j)(1). Collateral Source Recoveries shall be calculated on a gross basis, with no reduction or credit for prejudgment interest, attorney’s fees, or costs.

     

    

    36.         “Criminal Case” means the above-captioned case, United States v. Shapiro, Case No. 19-20178-CR-CMA, including all forfeiture ancillary
      proceedings.

     

    

    
      37.         “Defendant” means Robert Shapiro.

    

    

    

    38.         The “Court” means the United States District Court for the Southern District of Florida, which is presiding over the Criminal Case.

     

    

    39.         The “Directly Forfeitable Assets” means the specific property alleged to be directly subject to forfeiture in the Indictment, ECF No. 3, in the Criminal Case.

     

    40.         “Effective Date” means the first business day after the date when the following events have all occurred: (i) entry of an order by the Court approving the Agreement that is final and
      non-appealable; (ii) the expiration of the notice period under 21 U.S.C. § 853; and (iii) either the conclusion of all related criminal matters as the Subject Assets are also being held in federal custody as evidence in the Criminal Case, or if the
      United States determines, in its sole discretion, that any of the Subject Assets are no longer required for evidentiary purposes.

     

    

    
      11

      
        

    

    41.         The “Liquidation Trust” means Woodbridge Liquidation Trust, by and through its trustee, Michael I. Goldberg.

     

    

    42.         “Net Sale Proceeds” shall be calculated by deducting from the sale prices of the Subject Assets any direct costs or expenses incurred for their seizure, maintenance, disposition, and
      distribution to any Qualifying Victim, including costs incurred solely to fulfill Petitioner’s obligations of providing notice to Qualifying Victims and of making reports to the United States under this Agreement. In calculating Net Sale Proceeds, no
      deduction shall be made for any indirect cost or expense incurred by Petitioner, including, but not limited to, Trustee fees, attorney’s fees, the fees of professionals and other persons retained by the Trustee not directly incurred as a result of
      the sale and distribution of the Subject Assets to Qualifying Victims; any taxes imposed on the Liquidation Trust; indemnity reserves; and any other bankruptcy-related costs or expenses that were not directly incurred as a result of the sale and
      distribution of Subject Assets to Qualifying Victims.

     

    

    43.         “Order” refers to the preliminary order of forfeiture entered on October 15, 2019, in which the Court forfeited, subject to third-party interests, the Subject Assets. See Order, ECF No. 170.

     

    

    
      44.         The “Parties” means the United States and Petitioner.

       

      

    

    45.         “Petition” means Petitioner Woodbridge Liquidation Trust’s Verified Claims and Petition for Adjudication of Interests, which was filed on March 13, 2020, and in which Petitioner claimed
      the Subject Assets. See Petition, ECF No. 193.

     

    

    46.         “Petitioner” is the “Liquidation Trust,” and is referred to as either Petitioner or Liquidation Trust in this Agreement.

     

    

    
      12

      
        

    

    47.         “Qualifying Victim” means (a) a person or entity with an outstanding restitution balance in the Criminal Case as a result of the restitution judgment in the amount of $478,912,763 entered
      by the Court in the Defendant’s Amended Judgment, ECF No. 178 and which was calculated based on allowed claims in Class 3 and Class 5 at the time; (b) a person or entity that otherwise meets the qualifying criteria set forth in 28 C.F.R. § 9.8(b) by
      demonstrating (1) a pecuniary loss of a specific amount that has been directly caused by the criminal offense, or related offense, that was the underlying basis for the forfeiture, and the loss is supported by documentary evidence including invoices
      and receipts, that (2) the pecuniary loss is the direct result of the illegal acts and is not the result of otherwise lawful acts that were committed in the course of the criminal offense, that (3) the person or entity did not knowingly contribute
      to, participate in, benefit from, or act in a willfully blind manner towards the commission of the offense, or related offense, that was the underlying basis for the forfeiture, that (4) the person or entity has not in fact been compensated for the
      wrongful loss of the property by the perpetrator or others, and that (5) the person or entity does not have recourse reasonably available to other assets from which to obtain compensation for the wrongful loss of the property; or (c) consistent with
      28 C.F.R. § 9.2, a person or entity that purchased units of the Liquidation Trust from a person or entity that meets the criteria set forth in either subsections (a) or (b) above.

     

    

    48.         The “Released Assets” are the assets that were identified in the Order, but are either duplicative of other preliminarily forfeited assets or have not been recovered.

     

    

    
      49.         “Shapiro” refers to the Defendant, Robert Shapiro.

    

     

    50.         The “Subject Assets” means the specific assets that are subject to this Agreement, which are listed in the attached Exhibit A.

     

    

    
      13

      
        

    

    51.         The “Substitute Assets I” are the specific assets listed as substitute property in the Defendant’s Plea Agreement, ECF No. 139, that the Defendant agreed to forfeit.

     

    

    52.         The “Substitute Assets II” are the specific assets later identified as the Defendant’s substitute property that were preliminarily forfeited pursuant to 21 U.S.C. § 853(p) in the Order,
      ECF No. 170.

     

    

    
      53.         “Trustee” refers to Michael I. Goldberg, who is the trustee of the Liquidation Trust.

    

    

    

    54.         The “United States” means the United States of America, by and through the United States Attorney’s Office for the Southern District of Florida.

     

    

    	

          	III.	
            TERMS

          

     

    

    55.         The terms of the Agreement are subject to the approval of the Court, and any violation of any term or condition shall be construed as a violation of an order of the Court.

     

    

    56.         The United States agrees to seek the Court’s approval of the Agreement after the Agreement is executed by the Parties.

     

    

    57.         Within 30 days after the Effective Date, or such other time by agreement of the Parties, the United States agrees to release the Subject Assets to Petitioner in full settlement and
      satisfaction of Petitioner’s claim(s) arising from and related to the seizure, detention, or forfeiture of the Subject Assets.

     

    

    58.         Petitioner agrees to take the Subject Assets in their existing condition “as is, where is, and with all faults” with respect to all facts,
      circumstances, conditions and defects, and agrees that the United States will not be responsible for any costs and/or expenses that have been incurred or will be incurred related to the Subject Assets.

     

    

    59.         Petitioner agrees that the United States has no obligation to inspect for, repair or correct any such facts, circumstances, conditions or defects or to compensate Petitioner for same as
      the United States has specifically bargained for the assumption by Petitioner of all costs and risk of conditions with respect to the Subject Assets and the Parties have structured the terms of the Agreement in consideration thereof.

     

    

    
      14

      
        

    

    60.         Upon the United States’ release of the Subject Assets, Petitioner, its agents, heirs, relatives, and assigns hereby withdraw all claim(s) and waive any defense(s) in this matter that it
      has or might have against the United States, the United States Attorney’s Office for the Southern District of Florida, the United States Department of Justice, the Federal Bureau of Investigation, the United States Marshals Service, and all agents,
      officers, and employees thereof, (the “Released Parties”) relating to the restraint, seizure of, the commencement of forfeiture proceedings against, or the forfeiture of the Subject Assets, including any claim(s) for lost profits or interest.

     

    

    61.         Upon release of the Subject Assets, Petitioner agrees to hold harmless and fully indemnify the Released Parties from all claims pertaining to this matter and the Subject Assets.

     

    

    62.         Petitioner agrees to sell, liquidate, transfer, or otherwise dispose of the Subject Assets, or any part thereof or interest therein, upon such terms designed to maximize the value of the
      Net Sale Proceeds and by commercially reasonable means.

     

    

    63.         Petitioner agrees to distribute the Net Sale Proceeds on a pro rata basis to each Qualifying Victim, up to the outstanding amount of the
      pecuniary loss of that Qualifying Victim. No distribution shall be made for any amount Petitioner knows to have been already recovered by a Qualifying Victim for the same pecuniary loss, or any compensation from any other source with respect to such
      loss.

     

    

    64.         Petitioner shall publish a notice to all Qualifying Victims advising that by accepting the distribution, each Qualifying Victim submits under penalty of perjury that the Net Sale Proceeds
      distributed to said Qualifying Victim would not result in the receipt of funds in excess of the outstanding amount of the pecuniary loss of that Qualifying Victim.

     

    

    
      15

      
        

    

    65.         Petitioner shall provide the United States the following information regarding the Subject Assets and the distribution of Net Sale Proceeds to Qualifying Victims: (a) a list of the Net
      Sale Proceeds for each of the Subject Assets; and (b) a list indicating the amount distributed to each Qualifying Victim from the Net Sale Proceeds. If requested by the United States, Petitioner also agrees to provide supporting documentation for
      each of these lists.

     

    

    
      66.         Each of the Parties agrees to bear its own costs and attorney’s fees.

    

    

    

    67.         The Agreement shall be governed by and construed in accordance with the federal law and, where applicable, the laws of the State of Florida, without giving effect to any principles of
      conflicts of law.

     

    

    68.         Petitioner has read and fully understand each provision of the Agreement, and has freely and voluntarily signed into the Agreement.

     

    

    69.         The Agreement may be executed in one or more counterparts, each of which when executed and delivered shall be an original, and all of which when executed shall constitute one and the same
      instrument.

     

    

    
      16

      
        

    

    
      
        
          
            
              
                70.         The Agreement contains the entire agreement between Petitioner and the United States.

              

            

          

        

         

        

        	
                FOR THE UNITED STATES OF AMERICA:

              	
                 

              
	
                 

              	
                 

              
	
                 

              	
                ARIANA FAJARDO ORSHAN

                

              
	 	UNITED STATES ATTORNEY

         

        

      

      	
               

            	Date:	 	 	By:	
               

            	 
	
               

            	
               Nalina Sombuntham

            
	
               

            	
              Assistant United States Attorney

               Deputy Chief, Asset Forfeiture Division

            

       

      

    

    
      FOR PETITIONER WOODBRIDGE LIQUIDATION TRUST:

      

      

      
        	
                 

              	Date:	 	 	By:	
                 

              	 
	
                 

              	
                Michael I. Goldberg

              
	
                 

              	
                Trustee of and Authorized Representative for

                 Petitioner Woodbridge Liquidation Trust

              

      

      

      

      
        	
                 

              	Date:	 	 	By:	
                 

              	 
	
                 

              	
                
                  Adam L. Schwartz, Esq.

                

              
	
                 

              	
                Counsel for Petitioner

              

         

        

      

    

    
      17

      
        

    

    EXHIBIT A

    Subject Assets

     

    

    
      18

      
        

    

    	
            #

          	
            CATS ID No.

          	
            Subject Asset Description

          
	
            1

          	
            19-FBI-004085

          	
            Approximately $244.01 seized from account number 4040774877 at Alpine Bank, held in the name of Carbondale Basalt Owners LLC;

          
	
            2

          	
            19-FBI-004086

          	
            Approximately $342.17 seized from account number 8900003424 at Alpine Bank, held in the name of Davana Sherman Oaks Owners LLC;

          
	
            3

          	
            19-FBI-004087

          	
            Approximately $146,997.01 seized from account number 8970196989 at Alpine Bank, held in the name of Midland Loop Enterprises LLC;

          
	
            4

          	
            19-FBI-004088

          	
            Approximately $15,997.20 seized from account number 36044043514 at Capital One Bank, held in the name of Jeri Shapiro;

          
	
            5

          	
            19-FBI-004089

          	
            Approximately $208,578.06 seized from account number 80-27009771 at East West Bank, held in the name of Davana Primrose Ventures LLC;

          
	
            6

          	
            19-FBI-004090

          	
            Approximately $72,641.89 seized from account number 20-27007984 at East West Bank, held in the name of Jeri L Shapiro;

          
	
            7

          	
            19-FBI-004091

          	
            Approximately $101,834.53 seized from account number 80-27010068 at East West Bank, held in the name of Reliance Marketing Solutions LLC;

          
	
            8

          	
            19-FBI-004092

          	
            Approximately $1,301.44 seized from account number 80-27010381 at East West Bank, held in the name of Settlement Depot LLC;

          
	
            9

          	
            19-FBI-004093

          	
            Approximately $436,469.44 seized from account number X96-267462 at Fidelity Cash Management, held in the name of Jeri Shapiro;

          
	
            10

          	
            19-FBI-004094

          	
            Approximately $6,315.88 seized from account number 197148628 at Regions Bank, held in the name of Commercial Bridge Lenders LLC;

          
	
            11

          	
            19-FBI-004095

          	
            Approximately $140,940.14 seized from account number 2010131932 at Timberline Bank, held in the name of Golden Mesa Ventures LLC;

          
	
            12

          	
            19-FBI-004096

          	
            Approximately $10,689.29 seized from account number 2010131940 at Timberline Bank, held in the name of Golden Primrose Ventures LLC;

          

     

    

    
      19

      
        

    

    
      	
              #

            	
              CATS ID No.

            	
              Subject Asset Description

            
	
              13

            	
              19-FBI-004098

            	
              One (1) pair of 18-karat, white gold, drop earrings, with 1,344 round- cut diamonds (13.80 carats), seized from residence at 4030 Longridge Avenue;

            
	
              14

            	
              19-FBI-004098

            	
              One (1) pair of 18-karat, white gold, button earrings, with 162 round diamonds (13.89 carats), seized from residence at 4030 Longridge Avenue;

            
	
              15

            	
              19-FBI-004098

            	
              One (1) pair of 18-karat, white gold, drop earrings with 22 emeralds (35.53 carats) and round-cut diamonds (7.18 carats), seized from storage locker at 7660 Balboa Blvd;

            
	
              16

            	
              19-FBI-004098

            	
              One (1) pair of 18-karat, rose gold, drop earrings with round-cut diamonds (.62 carat), seized from residence at 4030 Longridge Ave;

            
	
              17

            	
              19-FBI-004098

            	
              One (1) pair of 18-karat, rose gold, drop earrings with rubies (38.90 carats), seized from storage locker at 7660 Balboa Blvd;

            
	
              18

            	
              19-FBI-004098

            	
              One (1) platinum ring with certified Colombia emerald-cut emerald (9.54 carats), eight trapezoid-cut diamonds (2.09 carats), and 166 round-cut diamonds (1.42 carats), seized from residence at 4030 Longridge
                Avenue;

            
	
              19

            	
              19-FBI-004098

            	
              One (1) pair of 18-karat, white gold earrings with multi-color pearls (11.8-15.5mm) and round-cut diamonds (.98 carat), seized from storage locker at 7660 Balboa Blvd;

            
	
              20

            	
              19-FBI-004098

            	
              One (1) platinum ring with oval-cut ruby (10.19 carats), two trapezoid diamonds (1.19 carats), and 70 round-cut diamonds (2.08 carats), seized from residence at 4030 Longridge Avenue,

            
	
              21

            	
              19-FBI-004098

            	
              One (1) 18-karat, rose gold, bangle bracelet with round diamonds (1.50 carats), seized from storage locker at 7660 Balboa Blvd;

            
	
              22

            	
              19-FBI-004098

            	
              One (1) 18-karat, white gold, bangle bracelet with round diamonds (1.5 carats), seized from storage locker at 7660 Balboa Blvd;

            

    

     

    

    
      20

      
        

    

    	
            #

          	
            CATS ID No.

          	
            Subject Asset Description

          
	
            23

          	
            19-FBI-004098

          	
            One (1) pair of 14-karat, white gold, drop earrings with two black diamonds (61.81 carats), two icy grey diamonds (23.92 carats), two rose-cut diamonds (.36 carat), and 266 round diamonds (1.63 carats), seized
              from residence at 4030 Longridge Avenue;

          
	
            24

          	
            19-FBI-004098

          	
            One (1) 18-karat, yellow gold ring with 13 radiant-cut diamonds (13.83 carats), seized from storage locker at 7660 Balboa Blvd;

          
	
            25

          	
            19-FBI-004099

          	
            One (1) 1969 Mercury convertible, bearing Vehicle Identification Number (“VIN”) 9F92M565911, seized from residence at 4030 Longridge Avenue;

          
	
            26

          	
            20-FBI-000175

          	
            Wine collection stored at 4030 Longridge Avenue, Sherman Oaks, CA;

          
	
            27

          	
            20-FBI-000180

          	
            Approximately $250,000 in resulting proceeds from East West Bank Check # 827015508, dated March 06, 2019 from Davana Primrose Ventures to Summit Sherman Oaks LLC in the amount of $250,000.00;

          
	
            28

          	
            20-FBI-000181

          	
            Approximately $250,000 in resulting proceeds from East West Bank Check # 827015548, dated April 01, 2019 from Davana Sherman Oaks to Jeri Shapiro in the amount of $250,000.00;

          
	
            29

          	
            20-FBI-000182

          	
            Approximately $250,000 in resulting proceeds from East West Bank Check # 827015549, dated April 01, 2019 from Davana Sherman Oaks to Jeri Shapiro in the amount of $250,000.00;

          
	
            30

          	
            N/A

          	
            Item 1: one (1) watch with multiple colored stones

          
	
            31

          	
            N/A

          	
            Item 2: one (1) pendent with multiple colored stones

          
	
            32

          	
            N/A

          	
            Item 3: one (1) black box and one (1) silver colored ring with clear stones

          
	
            33

          	
            N/A

          	
            Item 5: one (1) black box, one (1) pair of earrings with clear and dark colored stones

          
	
            34

          	
            N/A

          	
            Item 6: one (1) white box and one (1) bracelet yellow colored, one (1) pair of yellow colored earrings with clear stone

          
	
            35

          	
            N/A

          	
            Item 7: one (1) black and white colored bracelet with clear stones

          

     

    

    
      21

      
        

    

    	
            #

          	
            CATS ID No.

          	
            Subject Asset Description

          
	
            36

          	
            N/A

          	
            Item 8: one (1) black colored bracelet with multiple colored stones in shape of an elephant

          
	
            37

          	
            N/A

          	
            Item 9: one (1) brown box containing a pair of silver colored earrings with white and purple stones

          
	
            38

          	
            N/A

          	
            Item 10: one (1) yellow colored necklace with purple and green colored stones, one (1) yellow colored pair of earrings with green and purple stones, one (1) black case with ““Bvlgari”” ““custom care”” written
              on it”

          
	
            39

          	
            N/A

          	
            Item 11: one (1) box containing six (6) earring backs

          
	
            40

          	
            N/A

          	
            Item 12: one (1) brown and silver colored bracelet

          
	
            41

          	
            N/A

          	
            Item 14: one (1) pair of silver colored earrings with multiple white stones

          
	
            42

          	
            N/A

          	
            Item 15: one (1) pair of silver colored earrings

          
	
            43

          	
            N/A

          	
            Item 16: one (1) pair of silver colored earrings

          
	
            44

          	
            N/A

          	
            Item 17: one (1) pair of silver colored earrings with multiple colored stones

          
	
            45

          	
            N/A

          	
            Item 18: one (1) pair of silver colored earrings with clear stones

          
	
            46

          	
            N/A

          	
            Item 19: one (1) pair of white and yellow colored stones

          
	
            47

          	
            N/A

          	
            Item 20: one (1) yellow colored necklace with white and green colored stones, one (1) yellow colored necklace with multiple colored stones”

          
	
            48

          	
            N/A

          	
            Item 21: one (1) pair of silver colored earrings with white and green colored stones

          
	
            49

          	
            N/A

          	
            Item 22: one (1) pair of silver colored earrings with green stones

          
	
            50

          	
            N/A

          	
            Item 23: one (1) pair of silver and black earrings with clear stones

          
	
            51

          	
            N/A

          	
            Item 24: one (1) silver colored pair of earrings with white stones

          
	
            52

          	
            N/A

          	
            Item 25: one (1) pair of silver colored earrings with white stones

          

     

    

    
      22

      
        

    

    	
            #

          	
            CATS ID No.

          	
            Subject Asset Description

          
	
            53

          	
            N/A

          	
            Item 26: one (1) pair of silver colored earrings with a blue and a purple stone

          
	
            54

          	
            N/A

          	
            Item 27: one (1) pair of silver colored earrings with clear stones

          
	
            55

          	
            N/A

          	
            Item 28: one (1) yellow colored pair of earrings with white stones

          
	
            56

          	
            N/A

          	
            Item 29: one (1) pair of yellow colored earrings with multiple colored stones

          
	
            57

          	
            N/A

          	
            Item 30: one (1) pair of silver colored earrings with clear stones”

          
	
            58

          	
            N/A

          	
            Item 31: one (1) yellow colored earring and one (1) yellow colored broken earring

          
	
            59

          	
            N/A

          	
            Item 32: one (1) yellow colored pair of earrings with multiple colored stones

          
	
            60

          	
            N/A

          	
            Item 33: one (1) rose colored pair of earrings with white stones

          
	
            61

          	
            N/A

          	
            Item 34: one (1) yellow colored pair of earrings

          
	
            62

          	
            N/A

          	
            Item 35: one (1) pair of yellow colored earrings with multiple colored stones

          
	
            63

          	
            N/A

          	
            Item 36: one (1) pair of yellow colored earrings with clear and red stones

          
	
            64

          	
            N/A

          	
            Item 37: one (1) pair of yellow colored earrings with red colored stones

          
	
            65

          	
            N/A

          	
            Item 38: one (1) pair of yellow colored earrings

          
	
            66

          	
            N/A

          	
            Item 39: one (1) pair of yellow colored earrings with multiple colored stones

          
	
            67

          	
            N/A

          	
            Item 40: one (1) single yellow colored earring with multiple clear stones

          
	
            68

          	
            N/A

          	
            Item 41: three (3) silver colored earring backs

          
	
            69

          	
            N/A

          	
            Item 42: one (1) pair of rose colored earrings with clear stones with one (1) earring back

          
	
            70

          	
            N/A

          	
            Item 43: one (1) single silver colored earring with multiple clear stones

          
	
            71

          	
            N/A

          	
            Item 44: one (1) single yellow colored earring broken with earring back

          

     

    

    
      23

      
        

    

    	
            #

          	
            CATS ID No.

          	
            Subject Asset Description

          
	
            72

          	
            N/A

          	
            Item 45: one (1) white envelope, seven (7) checkbooks in two (2) cardboard folders with loose checks

          
	
            73

          	
            N/A

          	
            Item 46: US currency: 8 x $100, 32 x $20, total = $1440

          
	
            74

          	
            N/A

          	
            Item 47a: money from item 47; US currency: 19 x $100, 23 x $1, total

            = $1923

          
	
            75

          	
            N/A

          	
            Item 50: foreign currency; 626.9 Euros, 400 Danish Kroners, 20 Israeli Shekels

          
	
            76

          	
            N/A

          	
            Item 51: suspected Chagall painting

          
	
            77

          	
            N/A

          	
            Item 97: Happy Days signatures photo

          
	
            78

          	
            N/A

          	
            Item 133: Joe Namath signed photo

          
	
            79

          	
            N/A

          	
            Item 54: US currency; 7 x $100, 1x $50, 13 x $20, 6 x $5, 15 x $1, total = $1055

          
	
            80

          	
            N/A

          	
            Item 55: one (1) black case with brown colored reading glasses with clear stones and ear plugs

          
	
            81

          	
            N/A

          	
            Item 56: US currency; 128 x $100, 94 x $20, total = $14,680

          
	
            82

          	
            N/A

          	
            Item 58: one (1) silver colored watch with clear stones

          
	
            83

          	
            N/A

          	
            Item 66a: one (1) silver colored earring with backing and one (1) gold colored pendent with black, yellow and gold colored design

          
	
            84

          	
            N/A

          	
            Item 69a: foreign currency; 1730 British Pounds, 1230 South African Rands, 215 Euros, 10000 CFP Francs, 30 New Zealand Dollars, 260 Israeli Shekels, 200 Australian Dollars, 800 Danish Kroners

          
	
            85

          	
            N/A

          	
            Item 70: one (1) brown bag

          
	
            86

          	
            N/A

          	
            Item 71a: fourteen (14) purses

          
	
            87

          	
            N/A

          	
            Item 71b: twelve (12) purses

          
	
            88

          	
            N/A

          	
            Item 71c: five (5) purses

          
	
            89

          	
            N/A

          	
            Item 71d: six (6) purses

          

     

    

    
      24

      
        

    

    	
            #

          	
            CATS ID No.

          	
            Subject Asset Description

          
	
            90

          	
            N/A

          	
            Item 71e: nine (9) purses

          
	
            91

          	
            N/A

          	
            Item 71f: two (2) purses

          
	
            92

          	
            N/A

          	
            Item 71g: sixteen (16) purses

          
	
            93

          	
            N/A

          	
            Item 71h: sixteen (16) purses

          
	
            94

          	
            N/A

          	
            Item 71i: thirteen (13) purses

          
	
            95

          	
            N/A

          	
            Item 71j: seven (7) purses

          
	
            96

          	
            N/A

          	
            Item 71k: eight (8) purses

          
	
            97

          	
            N/A

          	
            Item 71l: six (6) purses

          
	
            98

          	
            N/A

          	
            Item 71m: ten (10) purses

          
	
            99

          	
            N/A

          	
            Item 71n: six (6) purses

          
	
            100

          	
            N/A

          	
            Item 72: one (1) gold colored watch with the word “Rolex” written on it

          
	
            101

          	
            N/A

          	
            Item 73a: ten (10) pairs of shoes

          
	
            102

          	
            N/A

          	
            Item 73b: seven (7) pairs of shoes

          
	
            103

          	
            N/A

          	
            Item 73c: twelve (12) pairs of shoes

          
	
            104

          	
            N/A

          	
            Item 73d: twelve (12) pairs of shoes

          
	
            105

          	
            N/A

          	
            Item 73e: nine (9) pairs of shoes

          
	
            106

          	
            N/A

          	
            Item 73f: fifteen (15) pairs of shoes

          
	
            107

          	
            N/A

          	
            Item 73g: eleven (11) pairs of shoes

          
	
            108

          	
            N/A

          	
            Item 73h: six (6) pairs of shoes

          

     

    

    
      25

      
        

    

    	
            #

          	
            CATS ID No.

          	
            Subject Asset Description

          
	
            109

          	
            N/A

          	
            Item 73i: nine (9) pairs of shoes

          
	
            110

          	
            N/A

          	
            Item 73j: thirteen (13) pairs of Manolo Blahnik shoes

          
	
            111

          	
            N/A

          	
            Item 73k: eleven (11) pairs of shoes

          
	
            112

          	
            N/A

          	
            Item 73l: fifteen (15) pairs of shoes

          
	
            113

          	
            N/A

          	
            Item 73m: fourteen (14) pairs of Stuart Weitzman shoes

          
	
            114

          	
            N/A

          	
            Item 73n: thirteen (13) pairs of shoes

          
	
            115

          	
            N/A

          	
            Item 73o: ten (10) pairs of shoes

          
	
            116

          	
            N/A

          	
            Item 73p: nine (9) pairs of Christian Louboutin shoes

          
	
            117

          	
            N/A

          	
            Item 73q: eight (8) pairs of Stuart Weitzman shoes

          
	
            118

          	
            N/A

          	
            Item 73r: fifteen (15) pairs of shoes

          
	
            119

          	
            N/A

          	
            Item 73s: six (6) pairs of Valentinos shoes

          
	
            120

          	
            N/A

          	
            Item 73t: sixteen (16) pairs of J. Choos choes

          
	
            121

          	
            N/A

          	
            Item 73u: twelve (12) pairs of shoes

          
	
            122

          	
            N/A

          	
            Item 73v: eight (8) pairs of Jimmy Choo shoes

          
	
            123

          	
            N/A

          	
            Item 73w: twelve (12) pairs of J. Choos shoes

          
	
            124

          	
            N/A

          	
            Item 73x: ten (10) pairs of shoes

          
	
            125

          	
            N/A

          	
            Item 73y: ten (10) pairs of shoes

          
	
            126

          	
            N/A

          	
            Item 73z: six (6) pairs of shoes

          
	
            127

          	
            N/A

          	
            Item 73aa: seven (7) pairs of shoes

          

     

    

    
      26

      
        

    

    	
            #

          	
            CATS ID No.

          	
            Subject Asset Description

          
	
            128

          	
            N/A

          	
            Item 73bb: nine (9) pairs of shoes and one (1) bag

          
	
            129

          	
            N/A

          	
            Item 74a: sixty-four (64) items of clothing

          
	
            130

          	
            N/A

          	
            Item 74b: eight (8) jackets

          
	
            131

          	
            N/A

          	
            Item 74c: eighteen (18) items of clothing/dresses

          
	
            132

          	
            N/A

          	
            Item 74d: eighteen (18) items of clothing/dresses

          
	
            133

          	
            N/A

          	
            Item 74e: twenty (20) items of clothing/dresses/belts/scarf

          
	
            134

          	
            N/A

          	
            Item 75a: nine (9) pairs of men’s shoes

          
	
            135

          	
            N/A

          	
            Item 75b: ten (10) pairs of men’s shoes

          
	
            136

          	
            N/A

          	
            Item 75c: men’s belts and one (1) pair of men’s shoes

          
	
            137

          	
            N/A

          	
            Item 76a: eleven (11) items of men’s clothing

          
	
            138

          	
            N/A

          	
            Item 76b: thirteen (13) items of men’s suits

          
	
            139

          	
            N/A

          	
            Item 76c: nine (9) items of men’s clothing and suits

          
	
            140

          	
            N/A

          	
            Item 77: one (1) set of 4 Luis Vuitton luggage bags

          
	
            141

          	
            N/A

          	
            Item 78: gold framed art

          
	
            142

          	
            N/A

          	
            Item 80: red framed art

          
	
            143

          	
            N/A

          	
            Item 87: black framed art

          
	
            144

          	
            N/A

          	
            Item 79: suspected Jean Dufy watercolor

          
	
            145

          	
            N/A

          	
            Item 86: suspected falling cat painting

          
	
            146

          	
            N/A

          	
            Item 81: chess set

          

     

    

    
      27

      
        

    

    	
            #

          	
            CATS ID No.

          	
            Subject Asset Description

          
	
            147

          	
            N/A

          	
            Item 82: Giancinto Bosco moon sculpture

          
	
            148

          	
            N/A

          	
            Item 83: metal hands sculpture

          
	
            149

          	
            N/A

          	
            Item 84: suspected Frank Melsler sculpture

          
	
            150

          	
            N/A

          	
            Item 85: Giancinto Bosco tall sculpture

          
	
            151

          	
            N/A

          	
            Item 88: suspected horse painting

          
	
            152

          	
            N/A

          	
            Item 89: vase on desk painting

          
	
            153

          	
            N/A

          	
            Item 99: Magic Johnson signed photo

          
	
            154

          	
            N/A

          	
            Item 122: suspected Renoir sketch

          
	
            155

          	
            N/A

          	
            Item 90: signed Academy Awards poster

          
	
            156

          	
            N/A

          	
            Item 91: signed Elvis photgraphs

          
	
            157

          	
            N/A

          	
            Item 92: suspected signed Elvis photo

          
	
            158

          	
            N/A

          	
            Item 93: metal hands sculpture with base

          
	
            159

          	
            N/A

          	
            Item 94: one (1) framed wall art

          
	
            160

          	
            N/A

          	
            Item 98: suspected Joe Namath art 27/69”

          
	
            161

          	
            N/A

          	
            Item 96: suspected Joe Namath autographed helmet

          
	
            162

          	
            N/A

          	
            Item 101: one (1) pair of silver and black colored earrings with clear stones

          
	
            163

          	
            N/A

          	
            Item 102: one (1) pair of yellow colored earrings with green stones

          
	
            164

          	
            N/A

          	
            Item 103: two (2) silver colored earrings with orange and clear stones

          
	
            165

          	
            N/A

          	
            Item 104: two (2) silver colored earrings with clear, yellow stones and white fluorescent stones with backing

          

     

    

    
      28

      
        

    

    	
            #

          	
            CATS ID No.

          	
            Subject Asset Description

          
	
            166

          	
            N/A

          	
            Item 105: one (1) pair of silver colored earrings with clear stones

          
	
            167

          	
            N/A

          	
            Item 106: one (1) pair of oval shaped, silver colored earrings with clear stones and backings

          
	
            168

          	
            N/A

          	
            Item 107: one (1) pair of bronze colored earrings with clear stones

          
	
            169

          	
            N/A

          	
            Item 108: one (1) pair of bronze colored earrings

          
	
            170

          	
            N/A

          	
            Item 109: one (1) silver colored bracelet

          
	
            171

          	
            N/A

          	
            Item 110: one (1) silver colored bracelet

          
	
            172

          	
            N/A

          	
            Item 111: one (1) silver watch with ““chanel”” in writing

          
	
            173

          	
            N/A

          	
            Item 112: one (1) silver and black colored watch with clear stone

          
	
            174

          	
            N/A

          	
            Item 113: one (1) yellow colored ring with clear stones

          
	
            175

          	
            N/A

          	
            Item 114: one (1) silver colored ring with clear stones

          
	
            176

          	
            N/A

          	
            Item 115: one (1) silver and yellow colored ring with green and clear stones

          
	
            177

          	
            N/A

          	
            Item 116: one (1) silver colored ring with green, red, blue, clear stones

          
	
            178

          	
            N/A

          	
            Item 117: one (1) silver colored necklace with clear stones with black bag with ““XIV Karats LTD Beverly Hills”” logo

          
	
            179

          	
            N/A

          	
            Item 118: two (2) silver colored necklaces

          
	
            180

          	
            N/A

          	
            Item 120: foreign currency; 20000 CFP Francs, 2000 Hungarian Forints, 20 Euros, 100 Australian Dollars, 200 Czech Koruns, 920 Israeli Shekels

          
	
            181

          	
            N/A

          	
            Item 123: man and hanging woman sculpture

          
	
            182

          	
            N/A

          	
            Items 124 and 125: two (2) pottery vases

          
	
            183

          	
            N/A

          	
            Items 124 and 125: two (2) pottery vases

          

     

    

    
      29

      
        

    

    	
            #

          	
            CATS ID No.

          	
            Subject Asset Description

          
	
            184

          	
            N/A

          	
            Item 126: Picasso small vase

          
	
            185

          	
            N/A

          	
            Item 127: nine (9) furs

          
	
            186

          	
            N/A

          	
            Item 129: US currency; 55 x $20, 1 x $5, 3 x $1, total = $1108

          
	
            187

          	
            N/A

          	
            Item 130: three (3) Louis Vuitton bags

          
	
            188

          	
            N/A

          	
            Item 131: three (3) Louis Vuitton luggage bags

          
	
            189

          	
            N/A

          	
            Item 132: one (1) Louis Vuitton bag

          
	
            190

          	
            N/A

          	
            Item 136: one (1) silver colored ring with clear stones

          
	
            191

          	
            N/A

          	
            Item #1: One (1) dark grey statute

          
	
            192

          	
            N/A

          	
            Item #2: Eight (8) yellow-colored metal bars in plastic cases with certification numbers: B001600, C001086, B003657, B004513, 014646, C001732, B003533, B04200

          
	
            193

          	
            N/A

          	
            Item #3: One (1) yellow-colored metal bar in clear ziptop bag, S/N 7798AE

          
	
            194

          	
            N/A

          	
            Item #4: Three (3) opaque plastic containers with red lids each containing fifteen yellow-colored metal disks; one (1) opaque plastic container with red lid containing ten (10) yellow-colored metal discs.

          
	
            195

          	
            N/A

          	
            Item #5: Seven (7) yellow-colored metal bars labeled “Credit Suisse, 10 oz, fine gold 999 Chi Essayeur Fondeur” wrapped in plastic, with serial numbers: 021217, 023440 023586, 024426, 024425, 024614, 025092
              (all with

            certificate).

          
	
            196

          	
            N/A

          	
            Item #6: Black case containing: one (1) pair of earrings with black/tan/grey multi-colored spheres, metal and clear stones; one (1) pair of earrings with red stones; one (1) pair of earrings with green and
              clear stones; one (1) pair of earrings with clear stones.

          
	
            197

          	
            N/A

          	
            Item #7: Black cloth bag containing: one(1) pair of yellow metal earrings with multi-color and clear stones; one (1) matching yellow metal chain with multi-color and clear stones and medallion; one (1) yellow
              metal chain with medallion with clear stones labeled “Bvlgari Bvlgari”

          

     

    

    
      30

      
        

    

    	
            #

          	
            CATS ID No.

          	
            Subject Asset Description

          
	
            198

          	
            N/A

          	
            Item #8: Grey cloth bag containing: one (1) yellow metal band with clear/yellow stones; one (1) yellow metal band containing black and clear stones.

          
	
            199

          	
            N/A

          	
            Item #9: Light tan cloth bag containing: one (1) rose/yellow metal band with clear stones; one (1) silver-colored metal band with clear stones; one (1) metal band with black and clear stones with
              detached/broken hinge.

          
	
            200

          	
            N/A

          	
            Item #10: Black pouch containing: one (1) silver-colored metal watch with clear stones labeles “Bvlgari”; one (1) yellow-metal watch with clear stones labeled “Bvlgari.”

          
	
            201

          	
            N/A

          	
            Item #11: Painting labeled “Le Clown Marc Chagall.”

          
	
            202

          	
            N/A

          	
            Item #12: Framed art piece with multi-colored puzzle-piece shaped object.

          
	
            203

          	
            N/A

          	
            Item #13: Multi-colored wall art with illegible signature on the back - “Caution.”

          
	
            204

          	
            N/A

          	
            Item #14: Multi-colored wall art with illegible signature on the back - “1-2-3 Shoreditch.”

          
	
            205

          	
            N/A

          	
            Item #15: Yellow wall art appearing to be of Marilyn Monroe, wrapped in a blue blanket.

          

    

    

    

    

    
      31

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