The Securities & Exchange Commission filed a complaint against this real estate investment partnership that raised over $60 million. Mr. Hays serves as the Receiver and Hays firm serves as the Financial Consultants to the Receiver.
INVESTOR UPDATE ON SEPTEMBER 8, 2011
This case is now closed. All activities of the Receiver have been completed per the Order closing the Receivership. Please refer to the following documents posted under Case and Claims Documents for further detail: Order Reopening Case for Final Administration, Authorizing the Procedures set forth in the Receiver’s Final Report, and Closing the Receivership and Notice of Conclusion of Receivership.