Opinion ID: 1386574
Heading Depth: 3
Heading Rank: 2

Heading: The Cancellation of Mr. Homa's Interest in Banc Caribe

Text: The record also amply supports the district court's findings that Mr. Jones and Mr. Pollock knew of the freeze order before they cancelled Mr. Homa's interest in Banc Caribe. The district court correctly determined that Mr. Homa's rights under whatever agreement he held with Banc. Caribe were an asset. Even if the value of that interest might have been in dispute, the interests of Mr. Homa in Banc Caribe were specifically within the, terms of the freeze order, and Mr. Jones, and Mr. Pollock knowingly dissipated, transferred or concealed those assets after receipt of the freeze order. The district court did not abuse its discretion in determining that the shares were an asset of value belonging, to Mr. Homa at the time that the appellants cancelled the notes.