Champion-Cain

Securities and Exchange Commission v. Champion-Cain

Good Law
United States District Court, Southern District of CaliforniaMay 12, 20203:19-cv-01628California3,295 words

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 GRANTING RECEIVER’S

Plaintiff, MOTION FOR APPROVAL OF v. SALE OF REAL PROPERTY

LOCATED AT 724 ZANZIBAR

GINA CHAMPION-CAIN AND ANI

COURT

DEVELOPMENT, LLC,

16 Defendants, and [ECF No. 282]

AMERICAN NATIONAL

INVESTMENTS, INC., Relief Defendant. 21 I. BACKGROUND As described in prior orders, see, e.g., ECF Nos. 54, 162, 163, this is an action brought by the Securities and Exchange Commission (“SEC”) against Defendants ANI Development, LLC (“ANI Development”) and Gina Champion-Cain and Relief Defendant American National Investments, Inc. (“ANI Inc.”), alleging violations of federal securities laws based on a purportedly fraudulent liquor license loan scheme. ECF No. 1. 28 On September 3, 2019, the Court established an equitable…

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