FOR ALL FEDERAL COURT FILINGS

Not all filings in the underlying case are posted on this website.  For those people that wish the opportunity to view all Court filings in the underlying case, you may set up an account with the PACER (Public Access to Court Electronic Records) Case Locator, the national online index for U.S. district, bankruptcy, and appellate courts.  Registered users are charged a small fee for each page of Court documents which are downloaded.  Interested parties can register for a PACER account by going to:

https://www.pacer.gov/reg_pacer.html

After the user’s account has been established, registered users should click on the hyperlink:  

https://pacer.login.uscourts.gov/cgi-bin/login.pl?court_id=00pcl

To get to the search page.  Follow the instructions on the search page to log onto PACER and search for the case records.  Search by case number:  2:15-cv-07425-RGK-GJS or by case name or by the name of one of the parties to the case, such as, “USFIA”.
To contact the Receiver:
 
Thomas Seaman,
Receiver for USFIA, Inc. et al
3 Park Plaza, Ste. 550
Irvine, CA  92614
 
 
General Voicemail:
(949) 222-0305
Welcome to the USFIA, Inc. Receivership Website

This website was last updated:  July 20, 2016.

This website has been established to facilitate efficient communications between investors, creditors, former employees, and other interested parties and potential claimants of USFIA, Inc., all of its subsidiaries and affiliates (the "€œReceivership Entities"€), and Thomas Seaman (the "€œReceiver"€) who is serving as their permanent Receiver.  Mr. Seaman was appointed on September 28, 2015, by the Honorable R. Gary Klausner, Judge of the United States District Court for the Central District of California in a securities fraud enforcement action brought by the Securities and Exchange Commission (the "Commission").  The Commission has alleged in their COMPLAINT that the defendants violated federal securities laws. Judge Klausner also ordered that the assets of USFIA, Inc. and its subsidiaries and affiliates be frozen and issued a TEMPORARY RESTRAINING ORDER ("TRO"). 

The TRO restrains and enjoins the Defendants from violations of the securities laws and orders them to provide an accounting of their assets.  On October 5, 2015, the Defendant, Steve Chen, filed the CONSENT OF STEVE CHEN TO ENTRY OF PRELIMINARY INJUNCTION AND ORDERS: (1) FREEZING ASSETS; (2) APPOINTING A PERMANENT RECEIVER; (3) PROHIBITING THE DESTRUCTION OF DOCUMENTS; AND (4) REQUIRING ACCOUNTINGS [Dkt. No. 11].  On October 6, 2015, Judge Klausner entered his PRELIMINARY INJUNCTION AND ORDERS: (1) FREEZING ASSETS; (2) APPOINTING A PERMANENT RECEIVER; (3) PROHIBITING THE DESTRUCTION OF DOCUMENTS; AND (4) REQUIRING ACCOUNTINGS [Dkt. No. 13] (the "PI").  

The Receiver is in the process of taking custody, control and possession of all assets of the receivership entities and their affiliates and subsidiaries including but not limited to the following entities:

                        USFIA, Inc.
                        Alliance Financial Group, Inc., a Delaware corporation* 
                        Amauction, Inc.
                        Aborell Mgmt. I, LLC
                        Aborell Advisors, I, LLC
                        Aborell REIT, LLC
                        Ahome Real Estate, LLC
                        Alliance NGN, Inc.
                        Apollo REIT I, Inc.
                        Apollo REIT II, LLC
                        Amkey, Inc.
                        US China Consultation Association
                        Quail Ranch Golf Club, LLC

          * The Defendant’s Delaware corporation, Alliance Financial Group, Incorporated, is not related to Alliance Financial Group, Inc., a California corporation, which is not a party to these proceedings.


The Receiver will be providing periodic reports and accounting of funds and other assets taken into his possession.

At some time in the future depending upon the progress and status of the SEC'€™s action against the Defendants and further orders of the Court, the Receiver will provide investors, stakeholders and creditors with the ability to file claims in the receivership.

Most recent updates:
   
NEW!
RECEIVER’S THIRD REPORT AND RECOMMENDATIONS
July 7, 2016: The Receiver filed his RECEIVER’S THIRD REPORT AND RECOMMENDATIONS [Dkt. No. 88]
   
FIRST INTERIM FEE APPLICATIONS OF THE RECEIVER, HIS ATTORNEYS & CONSULTANTS
April 4, 2016:   The Receiver filed with the Court his FIRST INTERIM FEE APPLICATION OF THE RECEIVER [Dkt. No. 74].  From September 29, 2016, through December 31, 2016 (the “First Application Period”), the Receiver and his agents spent 1,015 hours executing the duties set forth in the Temporary Restraining Order entered on September 29, 2015 (“TRO”).  The Receiver seeks approval of 100% of fees and approval to pay 90% of fees. The Receiver does not seek reimbursement of any expenses.  

The Receiver’s attorneys, Allen Matkins Leck Gamble Mallory & Natsis, filed with the Court their FIRST INTERIM FEE APPLICATION OF ALLEN MATKINS LECK GAMBLE MALLORY & NATSIS, GENERAL COUNSEL TO THE RECEIVER FOR PAYMENT OF FEES AND REIMBURSEMENT OF EXPENSES [Dkt. No. 75].  During the First Application Period the attorneys worked 404.3 hours on behalf of the receivership estate and request the Court approve 100% of fees and expenses on an interim basis and an order authorizing the Receiver to pay, on an interim basis, 80% of fees incurred and 100% of expenses incurred.

The Receiver’s consultants, Berkeley Research Group, LLC (“BRG”), filed with the Court their FIRST INTERIM FEE APPLICATION OF BERKELEY RESEARCH GROUP, LLC [Dkt. No. 76].  Their application covers the period from September 28, 2015, through January 31, 2016, during which time the consultants worked 486.55 hours on behalf of the Receivership Entities.   In accordance with this Court’s orders, BRG now requests that the Court approve 100% of fees and expenses on an interim basis, and enter an Order authorizing the Receiver to pay 90% of the fees and 100% of expenses incurred.

Along with these applications the Receiver filed his NOTICE OF HEARING ON FIRST INTERIM FEE APPLICATIONS OF THE RECEIVER AND HIS PROFESSIONALS FOR PAYMENT OF FEES AND REIMBURSEMENT OF EXPENSES [Dkt. No. 77].  The hearing for these applications is calendared for 9:00 a.m., May 2, 2016.

RECEIVER’S SECOND REPORT AND RECOMMENDATIONS
February 26, 2016: The Receiver filed his RECEIVER’S SECOND REPORT AND RECOMMENDATIONS [Dkt. No. 53].

RECEIVER’S FIRST REPORT AND RECOMMENDATIONS
November 13, 2015:  The Receiver filed his RECEIVER’S FIRST REPORT AND RECOMMENDATIONS [Dkt. No. 19].