The SEC has secured Certificates of Default towards John and Jonatina Barksdale.
Following private service on John Barksdale on June twentieth and repair through e mail on Jonatina on June thirtieth, response deadlines kicked in for July eleventh and July twenty first respectively.
As of August 2022 neither Barksdale had responded to the SEC’s lawsuit, prompting the regulator to file for a Clerk’s Certificates of Default on August tenth.
A Certificates of Default is step one in the direction of acquiring default judgment.
The courtroom clerk recorded a Certificates of Default towards the Barksdales on August 18th.
After a Certificates of Default has been granted, subsequent is an Entry of Default, adopted by a Movement for Default Judgment.
The SEC is pursuing the Barksdales as operators of the Ormeus International. The SEC alleges Ormeus International was a $124 million greenback Ponzi scheme.
Jonatina Barksdale’s present standing is unknown. Earlier this yr she was believed to be in both Thailand or Singapore. Whether or not she’s fled elsewhere is unclear. John Barksdale has fled to Dubai.
Along with the SEC’s civil swimsuit, John Barksdale has been indicted on wire and securities fraud expenses. He stays a wished fugitive.
