SEC vs. C. Wesley Rhodes, Jr., Rhodes Econometrics, Inc., The Rhodes Company, and Resource Transactions, Inc.

CASE # CV 06-1353-PK


The Receiver is pleased to announce that all issues surrounding the release have documents have been settled. The final distribution checks are prepared, and will be sent to claimants today. If you would like to pick up your check from our office, they will be available until 5 PM. Please let us know if you intend to do so, at 503-294-9928. We would like to thank everyone again for their patience throughout this process.

October 19, 2009

On October 14, 2009, Judge Michael W. Mosman entered a Stipulated Order Regarding the Maintenance and Protection of Documents. The Order, available through the link below, states that control of the storage unit and the documents in question will be turned over to the "Gatti" firm. The transfer of control will be done this week, upon completion of which we will be able to move forward with the final disbursement. We would like to thank everyone for their patience throughout these issues.

 Stipulated Order Regarding the Maintenance and Protection of Documents

September 16, 2009

The Receiver has received several notices from affected investors regarding the security and privacy of the records we have in our possession. We would like to take this opportunity to assure all interested parties that this information will continue to be kept secure until such time as the receiver obtains a destruction order. We are diligently working on getting an approved distribtion order through the court, and hope to see this in the coming weeks. We would like to thank everyone for their continued patience.

August 18,2009

The Receiver is preparing to file a motion in the court to allow the final disbursement in the case and close the case. This office is currently resolving formal objections to the Receiver's Notice of Intent to Destroy Documents. It is our hope that a resolution on these objections will be achieved in the coming weeks and we will be able to move forward with the disbursement as planned.



 April 23, 2009

The Receiver has filed his Sixth Report of Receiver.  The full text of this report is below.

Sixth Report of Receiver with Exhibits

 February 2009 

The Receiver has received Court permission to auction the personal property in the Rhodes estate.

The auction will be held Saturday, February 14, 2009 at 10am at the Best Western Rivershore Hotel, 1900 Clackamette Drive in Oregon City. 

All items may be previewed on Friday, February 13, 2009 from 8am to 6pm and February 14, 2009 from 8am-10am.  The preview will be at the Rhodes Estate, 14575 Sugarpine Street, Oregon City, Oregon.

For more details, please review the auctioneers website:

James G. Murphy Co. Rhodes Auction

 January 13, 2009

The Receiver is pleased to announce that the first interim distribution to investors was mailed today. 


Although this will not be the only distribution to investors,

it will likely be the largest distribution. 


Please allow 7-10 days for delivery. 

 October 1, 2008

The Judge signed the Order Allowing Interim Distribution today.  Due to another matter before the Court, the Receiver will not be able to distribute funds until that matter is resolved.  Please contact our office if you have any questions.  The full text of the Judge's Order is below.

    Order Allowing Interim Distribution


September 29, 2008

The Receiver filed his Fifth Report of Receiver.  The full text of the Report is below.

      Fifth Report of Receiver

      Fifth Report of Receiver Exhibit A

      Fifth Report of Receiver Exhibit B

 September 12, 2008

The Receiver has filed a Motion to allow interim distribution to investors and creditors.  The funds will be distributed upon approval of the Court.  The full text of the Motion is below.

        Motion for Interim Distribution 

        Memorandum in Support of Motion for Interim Distribution

        Declaration of Michael A. Grassmueck in Support of Motion for Interim Distribution

  July 3, 2008

        Receiver's Status Update - Michael A. Grassmueck v. Anne Leslie Rhodes


April 28, 2008
Fourth Report of Receiver

Fourth Report of Receiver Exhibit A

Fourth Report of Receiver Exhibit B

January 25, 2008
Contempt order of Anne Rhodes
Contempt order of Wes Rhodes

Notice of Claims Bar Date

Consent to Entry of Permanent Injunction
Order Authorizing Notice and Filing Procedure Regarding Affected Investors
Stipulation and Order Modifying Injunction re: Corvette Specialties
Ordering of Preliminary Injunction
Stipulation and Order Continuing and Extending Temporary Restraining Order.
Temporary Restraining Order and Orders: (1) Freezing Assets, (2) Appointing a Temporary Receiver, (3) Prohibiting the Destruction of Documents, and (4) Requiring Accountings; and Order to Show Cause Re Preliminary Injunction and Appointment of a Permanent Receiver

Preliminary Report of Receiver
Exhibit A - Download
Exhibit B - Download
Exhibit B Photographs:
Museum 28.5 Mb
House 28.6 Mb
Guest House 1.7 mb
Corvette Specialties Inc. 996Kb
Daily Drivers 436 Kb
Maintenance Building 1.5 Mb
Office 3.8 Mb
Exhibit C - Download

Second Report of Receiver
Exhibit 1 - Forensic Accountants' Report
Exhibit A - Download
Exhibit C - Download
Exhibit D- Download
Supplemental Forensic Accountant Report A

Third Report of Receiver
Exhibit A - Download