Global Online Direct G

Securities and Exchange Commission v. Global Online Direct, Inc., Bryant E. Behrmann and Larry "Buck" E. Hunter

 CASE # 1:07-CV-0767

 
UPDATE - November15, 2010

The Receiver is pleased to announce that the pro-rata distribution was made to holders of allowed claims. Checks were cut and sent on November 12, 2010. We appreciate your patience in the receipt of this distribution, and welcome any questions or concerns you may have.

UPDATE - October 4, 2010

The Receiver and his professionals have filed their Final Applications for Fees and Expenses. These documents are available through the links below.

UPDATE - October 4, 2010

The Receiver has filed a Motion for Order Closing Case. An Order to this regard would allow the final steps in the case to be completed, including payment to holders of allowed claims. Documents related to this filing are available through the links below.

 
UPDATE - August 23, 2010

The Receiver has filed the Proposed Distribution Plan and Motion for its approval. The Court's approval of the Distribution Plan is required in order to move forward with payment to holders of allowed claims. The Proposed Distribution Plan, and related documents, are available through the links below.

 
UPDATE - May 4, 2010
 
The Receiver has accepted an offer for the sale of the real property located at 764 Main Street.  The documents supporting this sale motion are below.
 
 
UPDATE - April 19, 2010
 
The Receiver and his professionals have filed their Interim Applications for Fees and Expenses. These documents are available through the links below.
 
 
UPDATE - February 19, 2010
 
The Receiver has accepted an offer for the sale of the real property located at 1137 N Cove Street.  The documents supporting this sale motion are below.
 
 
UPDATE - February 16, 2010
 
The Receiver has requested authorization from the court to conduct a public sale of certain assets located at 570 E. Birch Street. The documents supporting this motion are available below.
 
 
UPDATE - February 1, 2010
 
The Receiver has accepted an offer for the sale of the real property located at 627 E. Arch Street. The documents supporting this sale motion are below.
 
 
UPDATE - January 20, 2010
 
The Receiver has accepted an offer for the sale of the real property located at 59890 Smith Loop in La Grande, Oregon. The documents supporting this sale motion are below.
 
 
UPDATE - December 1, 2009
 
Receiver Michael A. Grassmueck makes the following update regarding the status of case and the claims process:
 
The date and amount of distribution are still undetermined, and subject to court approval. We are working on the completion of third party litigation and real property sales, which will increase the amount of money available to distribute. In addition, we will file a proposed distribution plan that needs to be approved by the court. Please note, these steps are necessary in order to complete this process. We are doing everything we can to distribute funds as soon and cost-efficiently as possible. 
 
We appreciate the claimants' continued patience, and will continue to make regular updates as this process continues. Please feel free to direct any questions to global@grassmueckgroup.com
 
UPDATE - December 1, 2009
 
The Receiver has accepted an offer for the sale of the real property located at 2711 Bearco Loop.  The documents supporting this sale motion are below.
 
    Sale Motion

UPDATE - November 18, 2009

The Receiver has hired a real estate agent in Nevada in order to sell a piece of property recovered through Third Party litigation. The related documents are available for your review below.

UPDATE - November 11, 2009

On October 2, 2009, a Statement on Lodging of Amended Order on Omnibus Motion Regarding Claims with Revised Exhibit “A” to Amended Order was filed with the court. This document explains revisions made to claim determinations since the filing of the Omnibus Motion Regarding Claims. A list of all revised claims is available as Exhibit “A” to this Statement.
  
  Exhibit A – revised claims
 
On October 16, 2009, The Honorable William S. Duffey, Jr. entered the Amended Order Approving Omnibus Motion Regarding Claims. Final claim determinations are listed as Exhibit A to this document (available in 2 parts below), including all revisions filed with the Statement on Lodging of Amended Order. If you are a claimant, you may reference your claim number in Exhibit A to find your final claim determination.
 
  Amended Order – signed and entered in court
  Exhibit A Part 1 – final claim determinations
  Exhibit A Part 2 – final claim determinations
 
A distribution in this case will be made after court approval of a distribution plan as filed by the Receiver and is contingent on the resolution of Third Party Claims, and the sale of the remaining real property. Regular updates will be made available on the status of these items. The continued patience of claimants in this case is greatly appreciated.
 
UPDATE - October 31, 2009
 
The Receiver has accepted an offer for the sale of the real property located at 716 S. Third Street.  The documents supporting this sale motion are below.
 
     Sale Motion 
 
UPDATE ~ August 20, 2009 ~ The Receiver has filed his Omnibus Motion Regarding Claims and Memorandum of Points and Authorities, which may be reviewed in its entirety by clicking on the link below. If you are a claimant, you may reference your claim number in EXHIBIT A to find your proposed claim determination. If you do not dispute the allowed amount of your claim, you are not required to take any further action.
 
     Exhibit B
 
 
NOTICE -- THE CLAIMS PROCESS IS NOW CLOSED.  ALL CLAIMS WERE DUE IN THE RECEIVER'S OFFICE NO LATER THAN APRIL 10, 2009 @ 5PM.

UPDATE - Recent News Coverage

FBI Press Release - June 9, 2009

The Oregonian - June 10, 2009

UPDATE concerning Criminal Case - June 10, 2009
 
The Receiver, Michael A. Grassmueck, is pleased to inform you of recent proceedings in the case of United States of America v. Behrmann and Hunter, the criminal case against Bryant “Bry” E. Behrmann and Larry “Buck” E. Hunter, based on their actions in the business of Global Online Direct, Inc. and its subsidiaries. On the mornings of Friday, June 5th, and Tuesday, June 9th, 2009, Mr. Hunter and Mr. Behrmann pled guilty to charges of Mail Fraud and Money Laundering. Upon the Judge’s acceptance of their pleas, the agreed sentence for each defendant will be 72 months in prison. Sentencing is subject to a hearing before Judge Brown to be scheduled in the fall.
 
As a reminder, this case and these charges are entirely separate from the civil case involving the Securities and Exchange Commission v. Global Online Direct, Inc. et al.
 
The pleadings in the criminal case are available by clicking on the links below:

Concerning Global Online Direct, Inc.:

If you have questions relating to these reports or any other Global information, please email us at: global@grassmueckgroup.com.

UPDATE - May 18, 2009

The Receiver and his professionals have filed their Second Application for Professional Fees and Expenses.  The text of the documents are below.

UPDATE - April 23, 2009

The Receiver has sold anadditional piece of real property.  Please see the documents assoiated with the sale that are posted below.

NOTICE -- THE CLAIMS PROCESS IS NOW CLOSED.  ALL CLAIMS WERE DUE IN THE RECEIVER'S OFFICE NO LATER THAN APRIL 10, 2009 @ 5PM.

   Notice of Claim Bar Date

  Proof of Claim Form

The Receiver will post an update on claims processing as soon as it is available.

UPDATE - March 4, 2009

The Receiver has sold two additional pieces of real property.  Please see the notices below.

UPDATE - February 13, 2009

The Receiver has filed his Third Interim Report.  The Report may be accessed by clicking the link below.

   Third Interim Report of Receiver Michael A. Grassmueck

UPDATE - December 23, 2008

The Receiver has sold an additional piece of real property.  Please see the notice below.

UPDATE - October 6, 2008

The Receiver has filed his motion to approve claims procedure, claims bar date and other relief.  The full text of the documents are below.

        Proposed Order

UPDATE - August 14, 2008

On August 11, 2008, the Receiver filed his Second Interim Report of Receiver.  The report and exhibits are below. 

UPDATE - July 30, 2008

The Receiver and his professional have filed their First Applications for Professional Fees and Expenses.  These filings are detail below.

UPDATE - June 26, 2008

The Receiver has filed a motion to sell an additional property.  This filings are detailed below.

UPDATE - June 24, 2008

The Receiver continues to sell real property.  Currently, 7 pieces of property have been sold, 1 property is pending sale and 4 properties remain unsold.  The unsold properties are currently being reevaluated to ensure timely sale.

The Receiver is still pursuing third party litigation against certain parties. The Receiver anticipates settlement is a number of cases.

The Receiver is currently evaluating procedures that will allow investors to file claims. Due to the number of the investors and the complexity of the loan program, the Receiver is working with his professionals to ensure a fair and cost effective system for claims.  All investors will receive notice when it is time to file a claim.

UPDATE - May 2, 2008

The Receiver announce the final total for the Global Online Direct Auction.

Gross auctions sales: $868,098.50.

 

UPDATE - April 8, 2008

The Receiver has filed an additional motion to sell real property.

        Receiver Notice, Motion, Declaration and Order to Sell Real Property (2)

UPDATE - April 4, 2008

IMPORTANT - READ THIS DOCUMENT - The Receiver filed his Foresic Accountant's Report to provide an update on the accounting of Global Online Direct.

        Receiver's Forensic Accountant's Report 

UPDATE -  March 20, 2008

The U.S. District Court has approved the sale of five pieces of real property. 

        Order Authorizing Sale  

        Amended Order Authorizing Sale

UPDATE - March 12, 2008

PERSONAL PROPERTY AUCTION UPDATE

A public auction sale auction will be conducted by the Receiver, Michael A. Grassmueck, ("Auction"), with the assistance of the Receiver's auctioneer, James G. Murphy, Inc., ("Auctioneer") of the personal property assets (the "Assets") of the receivership estate of Global Online Direct, Inc. free and clear of all liens, claims, interests and encumbrances to the persons or entities presenting the highest and best offers. 
 

THE AUCTION WILL BE HELD ON APRIL 8, APRIL 9, AND APRIL 10, 2008 COMMENCING AT 9:00 A.M. EACH DAY, AT 6700 NE 59TH PLACE, PORTLAND, OREGON 97218. THE AUCTIONEER WILL HOLD PREVIEWS OF THE AUCTION ON APRIL 7, 2008, FROM 8:00 A.M. TO 4:00 P.M., AND ON EACH DAY OF THE AUCTION ON APRIL 7TH TO APRIL 9TH, FROM 8:00 A.M. TO 9:00 A.M.


The Assets to be sold at the Auction include, among others, small kitchen appliances, kitchenware, hardware, automotive products, bathroom accessories, bedding and linen, clothing, furniture, garden and patio products, toys, computer software, office supplies, pet supply products, sporting goods, some late-model vehicles, video and sound equipment and other assorted personal property.

Additional information may be found on the auctioneers website.  A link to the website of James G. Murphy is available by clicking here.

Below are a few pictures of the auction site and the work in progress.

Picture 1          Picture 2          Picture 3          Picture 4         

Picture 5          Picture 6          Picture 7          Picture 8

UPDATE - February 21, 2008

The Receiver has filed the Motion to Sell Real Property.  Please read the documents below for more information.
 
               Real Property Notice of Sale Motion
               Real Property Motion for Order
               Real Property Proposed Order for Sale      
               Exhibit A
               Exhibit B
               Exhibit C
               Exhibit D
               Exhibit E
               Exhibit F
               Exhibit G
               Exhibit H
 
 February 13, 2008 UPDATE
  • Receiver anticipates Motion to Sell Real Property to be approved this week for six different properties
  • Receiver has leased a building in Portland, Oregon for the Real Property Auction and expects to have determined a firm date for the Auction within the coming weeks
  • Receiver expects to complete accounting pending a couple outstanding subpoenas
January 25, 2008 UPDATE:
  • As Filed Copy Report of Receiver
  • January 22, 2008. There was a hearing held today on the motion to approve the auction of Global assets. The motion was approved and the preparation will begin immediately. We will update once the time, date and location have been set.
January 16, 2008 UPDATE:
  • Receiver's team to file new Report of Receiver with the court this Friday, January 18th.
  • Four real estate deals are currently pending and offers on an additional four properties are to be noticed to the court shortly.
  • The Auction Proposal is in front of the court; Hearing on Receiver's Motion for Order Authorizing Sales is set for Tuesday, January 22 at 11am EST.

December 14, 2007 UPDATE:The Receiver is planning to auction the inventory of Global Online. Please read this document for more information.

Notice of Motion for Sale - Global Online
Receivers Motion for Order Authorizing Sale - Global Online
Declaration of Grassmueck in support of motion
Grassmueck Ex A
Murphy Declaration in Support of Mtn to Sale
Murphy Ex A
Order on Sale Motion
Order Ex A
Order Ex B
 

October 29, 2007 UPDATE:BREAKING NEWS. Defendants Bryant Behrmann and Larry "Buck" Hunter have signed Consent of Judgments with the court.

Behrmann:
Judgment
Consent

Hunter:
Judgment
Consent

October 12, 2007:The Receiver has filed a Complaint for Fraudulent Transfer / Conveyance, Unjust Enrichment, and Constructive Trust / Equitable Lien in the US District Court for the Northern District of Georgia against nine individuals and two entities for properties totaling $1,563,153.29
 

Global Complaint

COURT DOCUMENTS:
Corporate Monitors Report
Download
 
First Amended Complaint
Download
 
Restraining Order
Download
 
Global Exhibit A
Download
 
Global Exhibit B
Download
 
Global Exhibit C
Download
 
Global Exhibit D
Download
 
Global Exhibit E
Download
 
Global Exhibit G
Download
 
SEC Complaint
Download
 
Order Appointing a Receiver and Ordering Personal Asset Freezes as Entered
Download
 

 

RECEIVER CORRESPONDENCE:


Initial Receiver Correspondence
Download
 
Preliminary Report of Receiver
Download
 
Forensics Update Updated Sep 24, 2007
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Receiver FAQ Updated Sep 15, 2007
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First Amended Complaint Synopsis Updated Sep 15, 2007
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