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 GRANTING RECEIVER’S
Plaintiff, MOTION FOR (A) APPROVAL OF v. SALE OF TENNYSON STREET 14 PROPERTY and (B) RECOVERY OF
GINA CHAMPION-CAIN AND ANI
PRIOR EARNEST MONEY
DEVELOPMENT, LLC,
DEPOSIT FROM ESCROW
16 Defendants, and 17 [ECF No. 346]
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…