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.

   Notice Of Second Applications For Professional Fees And Expenses

   Second Interim Fee Application Of Receiver, Michael A. Grassmueck, for    Interim Fees and Expenses for the Period May 1, 2008 Through February 28, 2009, With Attached Exhibit "A"

   Second Application Of Financial Forensics For Payment Of Fees And Expenses As Accountants To Receiver, With Attached Exhibits "A" and "B"

   Second Interim Application Of Allen Matkins For Professional Fees And Expenses for the Period May 1, 2008 Through February 28, 2009, with Attached Exhibits "A", "B", "C", and "D"

   Second Application Of Arnall Golden & Gregory LLP For Professional Fees And Expenses, with Attached Exhibit "A"

   Proposed Order Granting Second Applications for Professional Fees and Expenses

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.

Receiver's Notice of Sale

Receiver's Motion to Sell Beakman

Receiver's Declaration to Sell Beakman

Receiver's Proposed Order to Sell Beakman

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

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.

   Notice of Motion for Order Authorizing Sale of Certain Real Properties

   Motion for Order Authorizing Sale of Certain Real Properties

   Declaration of Michael A. Grassmueck in Support of Motion

   Order on Motion for Order Authorizing Sale of Certain Real Properties

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.

        Notice for Sale of Real Property

        Motion for Sale of Real Property

        Declaration for Sale of Real Property

        Order for Sale of Real Property

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.

        Motion to Approve Claims Procedure and Other Related Relief

        Notice of Motion to Approve Claims Procedure and Other Related Relief

        Declaration of Michael A. Grassmueck

        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. 

        Second Interim Report of Receiver Michael A. Grassmueck

        Exhibit A to the Second Interim Report

        Exhibit B to the Second Interim Report

UPDATE - July 30, 2008

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

        Notice of First Applications for Professional Fees and Expenses

        Proposed Order on First Applications for Professional Fees and Expenses

        Receiver's Fee Application

        Receiver's Fee Application Exhibit A

        Financial Forensic's Fee Application

        Financial Forensic's Fee Application Exhibit A

        Financial Forensic's Fee Application Exhibit B

        Arnall Golden's Fee Application

        Arnall Golden's Fee Application Exhibit A

        Arnall Golden's Fee Application Exhibit B

        Allen Matkin's Fee Application

        Allen Matkin's Fee Application Exhibit A Part 1

        Allen Matkin's Fee Application Exhibit A Part 2

        Allen Matkin's Fee Application Exhibit B

        Allen Matkin's Fee Application Exhibit C

        Allen Matkin's Fee Application Exhibit D

UPDATE - June 26, 2008

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

        Real Property Sales Motion

        Real Property Notice of Motion 

        Real Property Declaration of Michael Grassmueck

        Real Property Order on Sale Motion

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

News coverage regarding the auction.

http://www.kgw.com/news-local/stories/kgw_040808_news_ponzi_scam.43d5a8c4.html

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 

Updated 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

The brochure for the auction is now available:

        Auction Brochure (Full Color)

Updated 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

 

February 21, 2008 UPDATE

 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