Champion-Cain
Securities and Exchange Commission v. Champion-Cain
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 10 SECURITIES AND EXCHANGE Case No.: 3:19-cv-1628-LAB-AHG
COMMISSION,
ORDER REGARDING PENDING
Plaintiff, PROPERTY SALE MOTIONS v. 14 [ECF Nos. 148, 150, 165, 169, 176]
GINA CHAMPION-CAIN AND ANI
DEVELOPMENT, LLC,
16 Defendants, and
AMERICAN NATIONAL
INVESTMENTS, INC., Relief Defendant. 21 22 23 24 25 26 27 28 I. BACKGROUND The Court has recounted the procedural background of this case in several other orders and will not rehash it in its entirety herein. See ECF Nos. 54, 162, 163, 166. Relevant here, the Securities and Exchange Commission (“SEC”) brought this action against Defendants Gina Champion-Cain and ANI Development, LLC, and Relief Defendant American National Investments, Inc., on August 28, 2019, alleging Defendants engaged in a liquor license escrow scheme that purportedly defrauded lenders and investors out of more than $120 million. Upon a stipulated joint motion by the parties, the Court established 9 …