Securities and Exchange Commission v. Blockvest, LLC

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 10 SECURITIES AND EXCHANGE Case No.: 18CV2287-GPB(MSB)

COMMISSION,

ORDER ADOPTING REPORT AND

Plaintiff, RECOMMENDATION AND v. GRANTING PLAINTIFF’S MOTION

FOR TERMINATING SANCTIONS

BLOCKVEST, LLC and REGINALD AS TO DEFENDANT RINGGOLD BUDDY RINGGOLD, III a/k/a RASOOL

ABDUL RAHIM EL, [Dkt. No. 93.] Defendants. 18 Before the Court is Plaintiff Securities and Exchange Commission’s (“SEC” or “Plaintiff”) motion for terminating sanctions seeking entry of default judgment against Defendants Blockvest LLC and Reginald Buddy Ringgold (collectively “Defendants”) on all claims in the complaint. (Dkt. No. 93.) Defendant Reginald Buddy Ringgold III (“Ringgold” or “Defendant”) filed an opposition and the SEC filed its reply. (Dkt. Nos. 99, 102.) On April 20, 2020, pursuant to 28 U.S.C. § 636(b)(1), the Honorable Michael S. Berg, United States Magistrate Judge…