Securities and Exchange Commission v. Global Online Direct, Inc., Bryant E. Behrmann and Larry "Buck" E. Hunter
CASE # 1:07-CV-0767
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 - 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
The Receiver has filed the Motion to Sell Real Property. Please read
the documents below for more information.
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
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