UNITED STATES
DISTRICT COURT FOR THE SOUTHERN DISTRICT OF FLORIDA
COMMODITY FUTURES TRADING COMMISSION,
Plaintiff,
VS.
TIMOTHY JOSEPH ATKINSON ,
JAY PASSERINO, ALL IN PUBLISHING, LLC, & GASHER,
INC., Defendants
CASE NO.
18-23992-CIV-M ARTINEZ/AOR CIVIL ACTION NO.
18-23993-Civ-Scola
On
September 27, 2018, the Commodity Futures Trading
Commission (“CFTC”) filed a Complaint for Injunctive and
Equitable Relief and Penalties Under the Commodity
Exchange Act (the “Complaint”) against Timothy Atkinson,
Jay Passerino, All
In Publishing LLC, and
Gasher, Inc. (collectively, “Defendants”), commencing
the enforcement action of CFTC v. Atkinson, et al. (the
“CFTC Action”) in the U.S. District Court for the
Southern District of Florida (the “District Court”).
In the Complaint, the CFTC
alleges, among other things, that Defendants engaged in
illegal, off-exchange retail swaps, off-exchange
commodity option transactions, and fraudulently
solicited customers to open and fund off-exchange
investments in “binary options,” in violation of several
federal statutes.
Further, the CFTC alleges
that the Defendants’ websites made false and misleading
statements about their binary options products and their
profitability.
Subsequently, the CFTC filed an
Emergency Motion
for Statutory
Restraining Order, Appointment of Receiver, an
Accounting, and Other Equitable Relief.
On October 5, 2018, the District Court entered an Order
Granting Plaintiff’s Emergency Motion for Statutory
Restraining Order, Appointment of Receiver, an
Accounting, and Other Equitable Relief (the
“Restraining/Freeze/Appointment Order”).
Pursuant to the Restraining/Freeze/Appointment Order,
the Defendants’ assets were frozen, books and records
ordered to be preserved, and Melanie E. Damian was
appointed Temporary Receiver of the entity defendants
and of all assets of the individual Defendants in the
CFTC Action.
In
accordance with the Restraining/Freeze/Appointment
Order, the Court-appointed Receiver took immediate steps
and will make every possible effort to marshal and
preserve the Defendants’ assets for the benefit of the
customers they are alleged to have defrauded, and will
otherwise fulfill her duties under that Order.
Subsequent to the Court’s
entry of the Restraining/ Freeze/Appointment Order,
Defendants Atkinson and All In Publishing, LLC executed
a Consent Order for Preliminary Injunction and Other
Ancillary Relief against those Defendants, which the
CFTC submitted to the Court for consideration and entry.
That Consent Preliminary Injunction, if entered,
would, among other things extend the relief granted in
the Restraining/Freeze/Appointment Order, including the
appointment of the Receiver.
The Receiver encourages
retail customers who conducted transactions with the
Defendants to carefully review the Complaint and the
District Court’s Orders (links to which are set forth
above) so they understand the nature of the claims
alleged against the Defendants in the CFTC Action and
the extent and scope of the Receiver’s duties and
authority under those Orders.
The
Receiver will provide (on this website –www.AllinpublishingReceivership.com)
additional information regarding the investigation into
the Defendants’ business operations and assets and the
Defendants’ dealings with customers.
For
further information regarding the CFTC Action, and how
it may affect retail customers, please visit the CFTC’s
website (https://www.cftc.gov).
You may also contact a representative of the Receiver at
305-371-3960.
Please understand that
neither the Receiver nor any of her attorneys or other
representatives may provide you with legal, tax and/or
accounting advice in connection with this or any other
matter. Should you require such advice, the Receiver
asks that you contact your own attorney, accountant or
other professional.
The Receiver encourages you
to periodically visit the CFTC website and this website
as they will be updated with additional information
throughout the course of the CFTC Action. Thank you.
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