Hays was appointed as Receiver for this operating business in Reno, Nevada on September 26, 2016.
S. Gregory Hays serves as the Liquidating Trustee of Lee’s Famous Recipes. For additional information please visit the documents tab.
On August 2, 2012, Hays was appointed Receiver of this resort community in Clayton, GA.
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22392 / June 12, 2012
SEC v. Benjamin Daniel DeHaan and Lighthouse Financial Partners, LLC, Civil Action No. 1:12-cv-01996-TWT (U.S. District Court for the Northern District of Georgia)
Court Issues Preliminary Injunction against Atlanta Investment Advisor and His Company
On June 11, 2012, the Honorable Thomas W. Thrash of the United States District Court for the Northern District of Georgia issued an order of preliminary injunction against violations of Sections 206(1) and 206(2) of the Investment Advisers Act of 1940 in U.S. Securities and Exchange Commission’s case against Benjamin Daniel DeHaan and Lighthouse Financial Partners, LLC. The order also allows for expedited discovery, asset freezes, prevents the destruction or concealment of documents and requires an accounting. Lighthouse, an investment advisor located in Atlanta and registered with the State of Georgia, has been owned and operated by DeHaan since 2007.
The Commission filed its case against DeHaan and Lighthouse on Saturday, June 9, 2012. The Commission’s complaint alleged that from approximately January 2011 through early May 2012, DeHaan moved approximately $1.2 million in funds belonging to his clients from their accounts at a custodial broker-dealer into a bank account in Lighthouse’s name that he controlled, thus gaining custody and control of these client assets. DeHaan and Lighthouse told the clients that these funds would be used to open new accounts at another broker-dealer. Once in this account, at least some of these funds were moved to a personal account belong to DeHaan and to accounts used by Lighthouse for business expenses. At least $600,000 in client funds remains unaccounted for. DeHaan was also alleged to have provided false documents to the Commission’s staff and to an examiner for the State of Georgia.
DeHaan and Lighthouse consented to the entry of the order providing for a preliminary injunction and other relief without admitting or denying the allegations in the Commission’s complaint. The Commission may seek additional relief, such as a permanent injunction, disgorgement of any ill-gotten gains with prejudgment interest and civil penalties, at a later time.
For further information, see Litigation Release No. 22390 (June 11, 2012).
Hays was appointed Receiver in the Superior Court of Fulton County, Georgia by the Honorable Craig L. Schwall in December 2007. The Firm is currently marketing approximately 55 condominiums units in Dunwoody, Georgia and managing the unsold units as apartments. Members of the firm previously served on the Homeowners Association. Since appointment, $9.5 million in condos have been sold at the project.
The CFTC brought a $25 million Hedge Fund fraud case against Lake Dow Capital and Mr. Hays was appointed as Receiver in the United States District Court in the Northern District of Georgia. We prepared a funds tracing database, determined claims against the estate and investigated causes of action recovering significant funds from the primary broker. Funds were also traced, located and recovered from European accounts. We filed a Plan of Distribution and investors were paid approximately 80% of their investments. A major issue in the case was the segregation of IRA accounts and traditional investment accounts. The case was the subject of an article in Business Week in June 2006. A final distribution to investors was made in January 2009.