Announcements

4203 W. Bay Villa Avenue, Tampa, Hillsborough County, FL 33611

Court Grants Receiver’s Motion to Approve Sale of Real Property – 4203 West Bay Villa Ave.

On September 24, 2020, the Court Grants Receiver’s Motion to Approve Sale of Real Property 4203 West Bay Villa Ave., Tampa. The Motion may be viewed here.

On September 17, 2020, the Receiver’s NOTICE OF LACK OF BONA FIDE OFFERS REGARDING THE SALE OF 4203 West Bay Villa Ave., Tampa, may be viewed here.

On September 9, 2020, the Receiver filed his Motion to Approve Sale of Real Property – 4203 West Bay Villa Ave. The Motion may be viewed here.

6346 Newtown Circle #A3, Tampa, FL 33615

Receiver Files Motion to Approve Sale of Real Property – 6346 Newtown Circle #46A3

On August 28, 2020 the Court granted the Receiver’s Motion. The Order may be viewed here.

On August 7, 2020, the Receiver filed his Motion to Approve Sale of Real Property – 6346 Newtown Circle #46A3. The Motion may be viewed here.

Receiver’s Notice of Publication Regarding the Sale of 6346 Newtown Circle #46A3 may be viewed here.

1803 Brigadoon Drive, Clearwater, Pinellas County, Florida 33759

Receiver Files Motion to Approve Sale of Real Property – 1803 Brigadoon Drive

On August 28, 2020 the Court granted the Receiver’s Motion. The Order may be viewed here.

On August 27, 2020, the Receiver’s NOTICE OF LACK OF BONA FIDE OFFERS REGARDING THE SALE OF 1803 BRIGADOON DRIVE, CLEARWATER, FLORIDA may be viewed here.

On August 14, 2020, the Receiver filed his Motion to Approve Sale of Real Property – 1803 Brigadoon Drive. The Motion may be viewed here.

EquiAlt Receivership

Court Grants Preliminary Injunction and Expands Receivership to Include REIT and QOZ

On July 31, 2020, the Court held a show cause hearing to address whether the temporary restraining Order granted by the Court on February 14, 2020, should be converted to a preliminary injunction. The Court granted the SEC’s motion in an Order dated August 17, 2020, making the following findings:

  • The Defendants most likely operated as a Ponzi scheme using new investor funds to pay old investor obligations while simultaneously siphoning funds for their own benefit far and above any amount that anyone might reasonably believe was disclosed to investors;
  • The Commission [SEC] will likely be able to prove that Defendants Davison and Rybicki used the investor money to purchase high-end luxury items;
  • The Commission has demonstrated a substantial likelihood of proving it will prevail on its Section 5 and Section 10(b) claims based on the affirmative evidence developed to date demonstrating fraud, the sale of unregistered securities, and representations to investors that were materially false;
  • Defendants Davison and Rybicki are controlling individuals of Defendant EquiAlt and the other Corporate Defendants; and
  • Defendants [Davison and Rybicki] appear to have had equally shared responsibilities and acted in concert to successfully perpetrate the Ponzi scheme.

Additionally, the Court granted the Receiver’s motion to expand the receivership to include the REIT and Qualified Opportunity Zone (“QOZ”).

View Order on Motion for Preliminary Injunction

EquiAlt Receivership

Show Cause Hearing Update (Hearing Completed)

The Court conducted a full hearing on July 31, 2020 on all outstanding issues.  The Court’s rulings will be posted on this website as they are issued. The Receiver is continuing his efforts to maximize the Receivership estate for the benefit of the investors and creditors.

EquiAlt Receivership

Show Cause Hearing Update – Request for Remote Access to Courtroom Proceedings (Press and Public)

The press and the public can request remote access to the Show Cause Hearing scheduled for Friday, July 31, 2020 at 10:00 AM. The approval of such requests is in the Court’s discretion. You can request remote access through the following link – Click Here.

Requests made after 2:00 PM on Thursday, July 30, 2020, will not be honored. See Doc 161.

Court Grants Receiver’s Motion to Approve Sale of Personal Property (Luxury Vehicles)

On June 12, 2020, the Receiver filed his Motion to Approve Sale of Personal Property (Luxury Vehicles). The Motion may be viewed here. On July 27, 2020 the Court granted the Receiver’s Motion. The Order may be viewed here.

EquiAlt Receivership

Court Grants Receiver’s Motion to Approve Sale of Real Property – 27706 Gage Loop #39

On July 8, 2020, the Receiver filed his Motion to Approve Sale of Real Property – 27706 Gage Loop #39.  The Motion may be viewed here.  On July 16, 2020 the Court granted the Receiver’s Motion.  The Order may be viewed here.

EquiAlt Receivership

Show Cause Hearing Update – Request for Remote Access to Courtroom Proceedings (Press and Public)

The press and the public can request remote access to the Show Cause Hearing scheduled for Friday, July 31, 2020 at 10:00 AM. The approval of such requests is in the Court’s discretion. You can request remote access through the following link – https://www.flmd.uscourts.gov/webforms/request-remote-access-courtroom-proceedings-press-and-public