This page contains news items that were previously posted elsewhere on the site.
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9/10/2009 12:00:00 AM Petition to Authorize Final Distribution to Investors, Approve Final Fees and Expenses, and to Close the Receivership |
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8/13/2009 12:00:00 AM Receiver files Motion for Show Cause Hearing as to Lonnie Schmidt |
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12/17/2007 12:00:00 AM On December 13th, 2007 the Receiver filed his third status report. Click the link below to access the report. |
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10/10/2007 12:00:00 AM Ellsworth Wayne McLaws, 61, who pleaded guilty Jan. 29 to charges of fraud and money laundering, also was placed on seven years' probation. |
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7/11/2007 12:00:00 AM The Sixth circuit Court of Appeals has upheld the conviction of David Eugene Edwards, et al. |
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5/29/2007 12:00:00 AM FINAL DEFAULT JUDGMENT AGAINST: KATHY ARPE, MARK ARPE, DONALD BELL, JANET BELL, SONDI LIND, JOSEPH MADDEN, MARK NILSON, PATRICIA PIA, PHILLILP PIA, WAYNE RICARTE, AND MATTHEW SLANEY |
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5/28/2007 12:00:00 AM IT IS ORDERED that Lonnie Glen Schmidt shall be immediately released from incarceration at the Seagoville Federal Detention Center, with the condition that ON OR BEFORE AUGUST 30, 2007 Mr. Schmidt will provide the Receiver with additional documentation and explanation for uses of funds as set forth in the Letter Agreement attached to the Motion by the Securities and Exchange Commission for Conditional Release as Exhibit “A”. ORDER GRANTING CONDITIONAL RELEASE OF LONNIE G. SCHMIDT FROM INCARCERATION |
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5/3/2007 12:00:00 AM NOW THEREFORE, IT IS ORDERED that the Receiver’s Petition No. 228, Petition to Approve Sale of Fernwood Property is GRANTED. IT IS FURTHER ORDERED that the Receiver is authorized to sell and convey title to the Fernwood Property pursuant to the terms of the Real Estate Contract attached as Exhibit A to the Receiver’s Petition No. 228. IT IS FURTHER ORDERED that Daniel Schmidt, Lonnie Schmidt, and their spouses, are enjoined from interfering with the Receiver’s sale of the Fernwood Property, including the filing of any objections to the sale or liens against the Fernwood Property, shall be and are hereby declared null and void. Such actions shall be punishable by contempt of court. |
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4/24/2007 12:00:00 AM Rebecca Schmidt abandoned any and all interest in the personal property identified in the Stay Order and the Receiver is hereby authorized to proceed to sell the personal property as “Receivership Assets” pursuant to the auction procedures previously approved by this Court. |
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4/23/2007 12:00:00 AM This Seatlle Post-Intelligencer article draws a relationship between post 9/11 America and white collar crime. Is the FBI giving a pass to white collar criminals? You decide. |
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4/13/2007 12:00:00 AM Summary Judgement in favor of Receiver Warfield and against Richard Danesi (d/b/a Ai-Ki International), George Carnie (d/b/a Aruca, Inc), Lorie Sandaine and Randy Sandaine. Read more below. |
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4/3/2007 12:00:00 AM ORDER granting [1465] Receiver's Motion for Expedited Order Regarding Application of Automatic Stay. Rebecca Schmidt is hereby warned that this Court will not tolerate any future violations by her of this Order or of the Schmidt Receivership Court. Instead, any such violations will either be handled by this Court as acts of civil contempt or be referred to the United States Attorney for prosecution of criminal contempt charges. (see order for specifics) |
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3/30/2007 12:00:00 AM A PUBLIC AUCTION OF PERSONAL PROPERTY LOCATED FROM WITHIN THE REAL PROPERTY INTEREST OF DANIEL SCHMIDT, LOCATED AT 6400 FERNWOOD, SHINGLE SPRINGS, CALIFORNIA, WILL COMMENCE AT 0800 ON SATURDAY, APRIL 28, 2007. Read more below... |
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8/6/2006 12:00:00 AM Please review the Receiver's Second Status Report |
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5/19/2006 12:00:00 AM Receiver Warfield has filed with the Court a Petition for Approval of the First Interim Distribution. Pending approval, the ditribution will total $1, 112, 857.82 and will constitute a return of 4.25% of the claim amount approved by the Court's Final Order Adjudicating Claims re: Petition No. 87 |
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3/21/2006 12:00:00 AM There was an error on the website that showed the upcoming claims hearing as being set for the 10th of April...that was incorrect. The hearing is set for April 5th, 2006 at 10AM. The address can be found on the claims page. |
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3/17/2006 12:00:00 AM A letter was sent out to all RDI investors notifying them of a hearing before Judge Buchmeyer regarding the Receiver's Claim Report. Please visit the claims section of the website to view the documents relevant to this hearing. |
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3/6/2006 12:00:00 AM On March 6, 2006 Gerald Stock pleaded guilty and was convicted in Manitowoc County, Wisconsin of two counts of sale of unregistered securities for the sale of investments in RDI. These are felonies. the defense jointly recommended that Stock be sentenced to 42 months in prison on one count and a consecutive 7 years and 6 months of probation on the other count. The judge followed the joint recommendation. Stock has already begun serving the sentence. The final restitution figure has not been determined but will exceed $1.3 million. The restitution is based on the amount victims invested in RDI through Stock, not on Stock's proceeds from the scheme, which amounted to between $143,000 and $233,000, depending on what is included. |
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3/5/2006 12:00:00 AM The Receivership is Auctioning the Edwards' Westin Suites Timeshare. Click the link for information. |
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10/1/2005 12:00:00 AM Effective today litigation support is no longer provided by Lex Solutio through ICONECT. |
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10/1/2005 12:00:00 AM Effective today litigation support is no longer provided by Lex Solutio through ICONECT. |
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9/15/2005 12:00:00 AM Petition for Relief filed by Lonnie G. Schmidt (incarcerated for civil contempt) |
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9/15/2005 12:00:00 AM Petition for Relief filed by Lonnie G. Schmidt (incarcerated for civil contempt) |
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8/10/2005 12:00:00 AM Please review the Receiver's Status Report |
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8/10/2005 12:00:00 AM Please review the Receiver's Status Report |
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6/29/2005 12:00:00 AM Receiver Warfield has filed a document called "The Receiver's Claims Report". A letter regarding this has already been sent out, and the report can be viewd by clicking the link below. |
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6/29/2005 12:00:00 AM Receiver Warfield has filed a document called "The Receiver's Claims Report". A letter regarding this has already been sent out, and the report can be viewd by clicking the link below. |
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4/22/2005 12:00:00 AM An Article that we found on MSNBC.com, that talks about the leading Investment Scams |
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4/22/2005 12:00:00 AM We've archived this news article that appeared in the Washington Tribune that highlights the story of an RDI victim. |
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4/22/2005 12:00:00 AM An Article that we found on MSNBC.com, that talks about the leading Investment Scams |
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4/22/2005 12:00:00 AM We've archived this news article that appeared in the Washington Tribune that highlights the story of an RDI victim. |
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4/19/2005 12:00:00 AM Please review this document from the State of Washington's Department of Financial Institutions. It contains information about the sentencing handed down by the Judge to Mr. Edwards and his son. |
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4/19/2005 12:00:00 AM Please review this document from the State of Washington's Department of Financial Institutions. It contains information about the sentencing handed down by the Judge to Mr. Edwards and his son. |
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2/17/2005 12:00:00 AM This morning, February 17, 2005, Santa Clara County Superior Court Judge Rene Navarro sentenced James Edwards, 73, and his son, David Edwards, 49, to state prison for the maximum penalty they faced - 27 years and 8 months. The two men were convicted by a jury on November 17, 2004, of 16 counts of fraudulently selling or offering an investment security, six counts of first-degree burglary, and one count of conspiracy. The counts were based on their leadership roles in running Resource Development International, their version of one of the nation's "Top Ten Scams" - more generally known as a "Prime Bank Note" fraud - and the men's third such activity since 1996. In giving his reasons, Judge Navarro, who presided over the seven-week trial, noted the nationwide scope of the fraud, the amount that the defendants stole ($73.6 million), their years of "stonewalling" authorities, and called the Edwards "evil incarnate." |
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2/17/2005 12:00:00 AM This morning, February 17, 2005, Santa Clara County Superior Court Judge Rene Navarro sentenced James Edwards, 73, and his son, David Edwards, 49, to state prison for the maximum penalty they faced - 27 years and 8 months. The two men were convicted by a jury on November 17, 2004, of 16 counts of fraudulently selling or offering an investment security, six counts of first-degree burglary, and one count of conspiracy. The counts were based on their leadership roles in running Resource Development International, their version of one of the nation's "Top Ten Scams" - more generally known as a "Prime Bank Note" fraud - and the men's third such activity since 1996. In giving his reasons, Judge Navarro, who presided over the seven-week trial, noted the nationwide scope of the fraud, the amount that the defendants stole ($73.6 million), their years of "stonewalling" authorities, and called the Edwards "evil incarnate." |
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12/31/2004 12:00:00 AM The claims bar date has been reached, claim forms are still available on this website; however any claims received after 12.31.2004 by the Receiver will be considered as untimely filed claims. The claim form can be reached by clicking here. |
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12/31/2004 12:00:00 AM The claims bar date has been reached, claim forms are still available on this website; however any claims received after 12.31.2004 by the Receiver will be considered as untimely filed claims. The claim form can be reached by clicking here. |
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12/23/2004 12:00:00 AM Ron Wolff, who has been a fugitive of the U.S. Marshal's Service since November 17, 2004 was apprehended by the Marshal's in the Seattle area on December 22, 2004. He is being processed and will be sent to the Seagoville Federal Detention Facility outside of Dallas, where he will be held pending a hearing before the United States District Court for civil contempt of a Federal Court Order. |
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12/23/2004 12:00:00 AM Ron Wolff, who has been a fugitive of the U.S. Marshal's Service since November 17, 2004 was apprehended by the Marshal's in the Seattle area on December 22, 2004. He is being processed and will be sent to the Seagoville Federal Detention Facility outside of Dallas, where he will be held pending a hearing before the United States District Court for civil contempt of a Federal Court Order. |
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12/17/2004 12:00:00 AM Edward Harris has been given a 120 day furlough by the Court to obtain the necessary documents to comply with the Court's original order. A hearing has been scheduled for April 25, 2005 in Dallas, Texas, to determine if Mr. Harris has complied, thus purging himself of contempt of the Court, or if not, he will be returned to the Seagoville Federal Detention Facility. |
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12/17/2004 12:00:00 AM Edward Harris has been given a 120 day furlough by the Court to obtain the necessary documents to comply with the Court's original order. A hearing has been scheduled for April 25, 2005 in Dallas, Texas, to determine if Mr. Harris has complied, thus purging himself of contempt of the Court, or if not, he will be returned to the Seagoville Federal Detention Facility. |
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11/17/2004 12:00:00 AM The Receiver has been informed that the jury in the Santa Clara County criminal trial for David and James Edwards reached a verdict of guilty on all 23 counts - a sentencing hearing is scheduled for December 13, 2004. |
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11/17/2004 12:00:00 AM The Receiver has been informed that the jury in the Santa Clara County criminal trial for David and James Edwards reached a verdict of guilty on all 23 counts - a sentencing hearing is scheduled for December 13, 2004. |
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