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Securities and Exchange Commission v. Kaplan

United States District Court, D. Nevada

April 2, 2018

SECURITIES AND EXCHANGE COMMISSION, Plaintiff,
v.
DAVID B. KAPLAN, ESQ., ET AL, Defendant, and LISA M. KAPLAN, et al. Relief Defendants.

          CHRISTY J. WHITE U.S. SECURITIES AND EXCHANGE COMMISSION COUNSEL FOR PLAINTIFF

          DAVID B. KAPLAN, ESQ. PRO SE

          LISA M. KAPLAN PRO SE

          MATTHEW PRUITT ALVERSON, TAYLOR, MORTENSEN & SANDERS COUNSEL FOR DEAN PROPERTIES, LLC, JAMES V. DEAN. AND MARLA D. DEAN

          STIPULATION AND ORDER REGARDING 1314 CAVE ROCK DRIVE, UNIT B

         Plaintiff, the United States Securities and Exchange Commission ("SEC" or "Commission"), by its undersigned counsel, Christy J. White, defendant, David B. Kaplan, Esq., relief defendant, Lisa M. Kaplan, and certain injured investors, Dean Properties. LLC, and James and Maria Dean, by their undersigned counsel, Matthew Pruitt, hereby stipulate as follows:

         WHEREAS, on May 19, 2016, the Commission brought suit against David B. Kaplan, Esq. ("David Kaplan"), Synchronized Organizational Solutions, LLC, Synchronized Organizational Solutions International, Ltd. ("SOSI"), and Manna International Enterprises. Inc., as Defendants, and Lisa M. Kaplan ("Lisa Kaplan"), The Water-Walking Foundations, Inc.. and Manna Investments, LLC, as Relief Defendants. (ECF No. 1).

         WHEREAS, on May 20, 2016. this Court entered a Temporary Restraining Order and Asset Freeze ("2016 Asset Freeze") against the Defendants, Relief Defendants, and their agents, servants, employees, attorneys-in-fact, and those persons in active concert or participation with them. (ECF No. 13). The Asset Freeze ordered them to retain funds and other assets held by the Defendants and Relief Defendants, directly or indirectly, and to prevent the "withdrawal, sale, payment..., transfer, dissipation, assignment, pledge, alienation, encumbrance, disposal, or diminution of value" of such assets.

         WHEREAS, on January 8, 2018. a final judgment was entered in favor of the Commission and against the Defendants. (ECF No. 105). The Judgment required them to pay disgorgement in the amount of $7, 139, 884.87. together with prejudgment interest thereon in the amount of $680, 157.61, for a total of $7, 820, 042.48. David Kaplan was also ordered to pay a civil penalty of $300, 000.

         WHEREAS, on January 8, 2018, a final judgment was entered in favor of the Commission and against Relief Defendant, Lisa Kaplan, for disgorgement in the amount of $340, 764.75, together with prejudgment interest thereon in the amount of $26, 762.65, for a total of $367, 527.40.[1] (ECF No. 106).

         WHEREAS, on January 14, 2016, Dean Properties, LLC, and James and Maria Dean (collectively, "the Deans") filed a complaint against David Kaplan and co-defendant, SOSI, in the District Court for the Eastern District of Virginia. See Dean Properties, LLC, et al, v. Synchronized Organizational Solutions International, Ltd., et al., l:16-cv-00050 (E.D. Va.).

         WHEREAS, on June 21, 2016, David Kaplan and SOSI consented to judgment being entered against them in the amount of $4.08 million.

         WHEREAS, on August 22, 2016, the Deans registered their judgment against David Kaplan and SOSI as a foreign judgment in the District Court of Clark County, Nevada.

         WHEREAS, on February 8. 2018. the Deans filed a Writ of Execution against property owned by David Kaplan and SOSI in the Clark County District Court. Pursuant to the Writ, the Deans sought to execute on any and all personal and real property owned by David Kaplan and SOSI including, but not limited to, property located at 1314 Cave Rock Drive, Unit B, Zephyr Cove, Nevada ("Subject Property").

         WHEREAS, a Notice of Sheriffs Sale for the Subject Property was served by the Douglas County Sheriff on David Kaplan and SOSI on March 20. 2018. The ...


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