News & Updates

 

As a reminder, if your address or any other information relating to your claim has changed, please contact the Receiver's Office (local: 612-436-9664, toll free: 877-316-6129 or email: info@cookkileyreceiver.com) as soon as possible to avoid any issues or delays with distribution checks and correspondence from the Receiver.

More information about the Receiver's distributions is available on the website here.

 

Recent News

April 18, 2014

Zayed v. Allen et al., 13-cv-1896 (D. Minn.):

Today the Receiver filed a Motion for Summary Judgment against the four remaining Winning Investor Defendants. The Receiver's Motion and supporting documents can be found here.

 

April 15, 2014

Zayed v. Allen et al., 13-cv-1896 (D. Minn.):

Order Lifting Stay here.

For more information about this case, click here.

 

April 11, 2014

SEC v. Cook et al., 09-cv-3333 & CFTC v. Cook et al., 09-cv-3332 &
SEC v. Beckman et al., 11-cv-574 (D. Minn.):

Order Authorizing Payment of Fees here

Order Authorizing Payment of Fees in the Associated Bank Action here

 

April 7, 2014

The Oxford Private Client Group, Jason Bo-Alan Beckman & Hollie Beckman v. Trevor Cook & Oxford Global Partners, 27-cv-09-21722 (Henn. Co.):

Order Dismissing Case here

 

April 4, 2014

SEC v. Cook et al., 09-cv-3333 & CFTC v. Cook et al., 09-cv-3332 &
SEC v. Beckman et al., 11-cv-574 (D. Minn.):

Sixteenth Status Report of Receiver R.J. Zayed here.

 

April 3, 2014

The Oxford Private Client Group, Jason Bo-Alan Beckman & Hollie Beckman v. Trevor Cook & Oxford Global Partners, 27-cv-09-21722 (Henn. Co.):

Receiver's Reply to Response of Hollie Beckman here

 

April 2, 2014

The Oxford Private Client Group, Jason Bo-Alan Beckman & Hollie Beckman v. Trevor Cook & Oxford Global Partners, 27-cv-09-21722 (Henn. Co.):

Response of Hollie Beckman to Receiver's Motion here

 

March 31, 2014

SEC v. Cook et al., 09-cv-3333 & CFTC v. Cook et al., 09-cv-3332 &
SEC v. Beckman et al., 11-cv-574 (D. Minn.):

Receiver's Motion to Approve Payment of Fees here

Notice of Hearing here

Declaration of Receiver R.J. Zayed here

Receivers' Motion to Approve Payment of Fees in the Associated Bank Action here

Notice of Hearing here

Declaration of Receiver Tara Norgard here

 

March 13, 2014

The Oxford Private Client Group, Jason Bo-Alan Beckman & Hollie Beckman v. Trevor Cook & Oxford Global Partners, 27-cv-09-21722 (Henn. Co.):

Order to Show Cause why the above-titled matter should not be dismissed for failure to prosecute here

 

March 10, 2014

The Oxford Private Client Group, Jason Bo-Alan Beckman & Hollie Beckman v. Trevor Cook & Oxford Global Partners, 27-cv-09-21722 (Henn. Co.):

Receiver's Notice of Motion and Motion for an Order to Show Cause if there be any, why the court should not enter an order dismissing the case here

Memorandum in Support here

Affidavit of Tara Norgard here

Exhibits A-H here

Exhibits I-N here

Proposed Order here

 

March 5, 2014

R.J. Zayed v. Associated Bank, N.A., 13-3388 (8th Cir.), on appeal from 13-cv-232 (D. Minn.):

Receiver's Reply Brief here

 

February 18, 2014

R.J. Zayed v. Associated Bank, N.A., 13-3388 (8th Cir.), on appeal from 13-cv-232 (D. Minn.):

Order on Receiver's Motion to Determine Whether Issues Raised by Appellee without Having Filed Cross-Appeal are within Scope of this Appeal here

Order Granting in Part Receiver's Partially Assented Motion for Enlargement of Time within which to File Reply Brief here

Associated Bank's Opposition to Receiver's Motion to Determine Whether Issues Raised by Appellee without Having Filed Cross-Appeal are within Scope of this Appeal here

Associated Bank's Opposition to Receiver's Partially Assented Motion for Enlargement of Time within which to File Reply Brief here

 

February 14, 2014

R.J. Zayed v. Associated Bank, N.A., 13-3388 (8th Cir.), on appeal from 13-cv-232 (D. Minn.):

Receiver's Motion to Determine Whether Issues Raised by Appellee without Having Filed Cross-Appeal are within Scope of this Appeal here

Receiver's Partially Assented Motion for Enlargement of Time within which to File Reply Brief here

 

February 13, 2014

SEC v. Beckman et al., 11-cv-574 (D. Minn.):

Order Denying Defendant Beckman's Motion to Proceed here

 

February 12, 2014

R.J. Zayed v. Associated Bank, N.A., 13-3388 (8th Cir.), on appeal from 13-cv-232 (D. Minn.):

Associated Bank's Appellate Brief here

 

February 10, 2014

SEC v. Beckman et al., 11-cv-574 (D. Minn.):

Receiver's Response to Defendant Beckman's Motion to Proceed here

 

February 6, 2014

SEC v. Beckman et al., 11-cv-574 (D. Minn.):

SEC's Response to Defendant Beckman's Motion to Proceed here

 

January 31, 2014

Zayed v. Allen et al., 13-cv-1896 (D. Minn.):

Order Staying Proceedings here.

For more information about this case, click here.

 

January 27, 2014

SEC v. Beckman et al., 11-cv-574 (D. Minn.):

Defendant Beckman's Motion to Proceed here

Order Granting Everest Insurance's Renewed Motion for Partial Lift of Asset Freeze Order to Permit Payment of Defense Costs here

 

January 24, 2014

SEC v. Cook et al., 09-cv-3333 & CFTC v. Cook et al., 09-cv-3332 &
SEC v. Beckman et al., 11-cv-574 (D. Minn.):

Notice of Mailing of Receiver's Sixth Interim Distribution here.

SEC v. Beckman et al., 11-cv-574 (D. Minn.):

The hearing on Everest Insurance's Renewed Motion to Lift Asset Freeze to Permit Payment of Defense Costs was rescheduled for Monday, January 27, 2014, at 10 a.m.

 

January 22, 2014

Zayed v. Allen et al., 13-cv-1896 (D. Minn.):

Receiver's Status Report here.

For more information about this case, click here.

 

January 16, 2014

SEC v. Cook et al., 09-cv-3333 & CFTC v. Cook et al., 09-cv-3332 &
SEC v. Beckman et al., 11-cv-574 (D. Minn.):

Order Approving Sixth Interim Distribution and Third Amended Final Claims List here

 

January 14, 2014

SEC v. Cook et al., 09-cv-3333 & CFTC v. Cook et al., 09-cv-3332 &
SEC v. Beckman et al., 11-cv-574 (D. Minn.):

Receiver's Motion for Order Approving Sixth Interim Distribution and Third Amended Final Claims List here

Declaration in Support here

Exhibit A here

Exhibit B here

Notice of Hearing here

 

January 8, 2014

R.J. Zayed v. Associated Bank, N.A., 13-3388 (8th Cir.), on appeal from 13-cv-232 (D. Minn.):

Order Granting in Part Associated Bank's Motion for an Extension of Time to Answer here

Associated Bank's Motion for Extension of Time to Answer here

 

January 2, 2014

SEC v. Beckman et al., 11-cv-574 (D. Minn.):

Receiver's Response to Everest Insurance's Renewed Motion to Lift Asset Freeze to Permit Payment of Defense Costs here

 

December 20, 2013

R.J. Zayed v. Associated Bank, N.A., 13-3388 (8th Cir.), on appeal from 13-cv-232 (D. Minn.):

Receiver's Appellate Brief here

Addendum to Receiver's Brief here

October 4, 2013

The Receiver has posted additional answers to frequently asked questions here, including information about the Crown Forex, S.A. liquidation in Switzerland

 

Regarding Crown Forex, S.A. (Swiss Liquidation Proceedings):

The Receiver's claim, which was filed in the name of UBS Diversified FX Growth, LP, was rejected because the liquidators determined that UBS Diversified FX Growth, LP did not have accounts at Crown Forex; in other words, the accounts that were the basis for UBS Diversified FX Growth, LP's claimed losses at Crown Forex S.A. were fake. In addition, the letter rejecting the Receiver's claims advises that the Swiss liquidators count among their assets a damages claim filed in Switzerland against UBS Diversified FX Growth, LP and Trevor Cook, among others.

According to correspondence received from the liquidators, total claims filed in the Crown Forex S.A. proceedings in Switzerland, including but not limited to the Receiver’s and individual investors’ claims stemming from the Cook Ponzi scheme, were approximately $592MM (USD). Of those, approximately $17.3MM (USD) were allowed. Assets available to satisfy those claims total about $3MM (USD).

The Receiver has consulted with Swiss counsel about the process, cost and likelihood we would succeed in appealing the liquidators' rejection of Receiver's claim in Switzerland. In short, the cost would be high and there would be little upside to any course the Receiver could pursue in Switzerland at this point. The Receivership would, as an initial matter, have to pay Swiss counsel to pursue the action. If we lost, and the court in Switzerland affirmed the rejection of the Receiver's claim, the Receiver would then have to pay the liquidators' costs, as well as court fees, for the appeal. If we won, and the court in Switzerland overturned the liquidators' decision and granted any part of the Receiver's claim, the liquidators have advised that they will simply deduct any recognized claim amount from their damages claim against UBS Diversified FX Growth, LP and Trevor Cook.

The Receiver also notes that the communication from Crown Forex SA liquidator offers to transfer a civil claim that the liquidator claims to have against Cook or UBS Diversified (among others) for a fee. The Receivership Orders prohibit precisely such a suit as to Cook and any Receivership entity. The Receiver takes no position on the viability of civil claims in Switzerland or elsewhere against any of the other individuals or non-receivership entities that the liquidator believes he has civil claims against.

 

Older Postings

Click here for 2013 News & Updates

Click here for 2012 News & Updates

Click here for 2011 News & Updates

Click here for 2010 News & Updates

 

Important Information

Third Parties Claiming to be Affiliated with the Receivership

Updated 3/4/2011

Recently, several investors have reported being contacted by an individual or individuals claiming to be able to recover a significant portion of the investor's loss for a large upfront fee.  The individual also requests several years of the investor's tax statements.

The Receiver cannot comment on any actions or claims you may have against third parties relating to your loss.  However, the Receiver is authorized to take exclusive custody, control and possession of all Receivership assets, wherever situated.  All investors and other persons are stayed from, among other things, self-help and attempting to take possession of or interfering with assets of the Receiver Estates.

Only the Court is able to order restitution to Trevor Cook's investors, and only the Court-appointed Receiver is searching (at the Court's direction) for funds in this case.  No other individual or group is related to, approved by, or working with the Receiver, the SEC, the CFTC, or the Court-mandated asset-recovery process in any way.

The Receiver suggests any investor receiving such a call contact their state's attorney general immediately.

The Receiver again reminds investors to be carefuly when giving personal information to anyone.  Be sure to verify that the entity that contacts you is who they purport to be.

 

Fraud Recovery Group

Only the Court is able to order restitution to Trevor Cook’s investors. And only the Court-appointed Receiver is searching (at the Court’s direction) for funds in this case.

Recently, some investors have contacted the Receiver and the SEC to ask if  they were working with a company called “Fraud Recovery Group." Fraud Recovery Group is not related to, approved by, or working with the Receiver, the SEC, or the Court-mandated asset-recovery process in any way.

Look-alike Websites

Several news outlets have also reported that former clients of Bernard Madoff have been targeted by an entity holding itself out as a government agency. This entity is reportedly seeking financial information related to alleged Ponzi schemes, but has no connection with any legitimate government or international entity.

Be careful when giving personal information to anyone. Be sure to verify that the entity that contacts you is who they purport to be.

The Federal Trade Commission has resources available†‡ to help.

 

† - Link opens in a new browser window.

‡ - External link not controlled by the Receiver.