Update (September 18, 2018) – The Case Documents page has been updated.
On March 25, 2009, the U.S. District Court for the Northern District of Texas, Wichita Falls Division, (“Court”) entered an order appointing a Receiver (“Receivership Order”) to take control of the assets and records of Millennium Bank, United Trust of Switzerland, S. A., U T of S, LLC, Millennium Financial Group, William J. Wise, Kristi Hoegel, Jackie Hoegel, Phillipe Angeloni, and Brijesh Chopra (“Defendants”) and United T of S, LLC, Sterling I.S., LLC, Matrix Administration, LLC, Jasmine Administration, LLC, Daryl C. Hoegel, Ryan Hoegel, Lynn P. Wise, and Laurie H. Walton (“Relief Defendants”).
To view the Receivership Order, please click here.
THE MILLENNIUM BANK, WHICH IS THE SUBJECT OF THE RECEIVERSHIP, HAS OFFICES ONLY IN NAPA, CALIFORNIA, RALEIGH, NORTH CAROLINA, AND ST. VINCENT AND THE GRENADINES. THE SUBJECT OF THIS RECEIVERSHIP IS A PRIVATE BANK AND NOT A COMMERCIAL BANK INSURED BY THE FDIC.
Pursuant to the Court’s order, the Court has assumed exclusive jurisdiction and possession of the assets (of any kind) of each Defendant and Relief Defendant, including all entities that they control, wherever located, and the books and records of each Defendant and Relief Defendant. These assets and records are known as the Receivership Estate.
Richard B. Roper has been appointed by the Court as the Receiver and has been directed by the Court to control and preserve the Receivership Estate. All directions will come through him or his agents.
The Court authorized the Receiver to “immediately take and have complete and exclusive control, possession, and custody of the Receivership Estate” as well as “any assets traceable to assets owned by” the Defendants and Relief Defendants.
The Receivership Order was issued in connection with a lawsuit filed by the Securities and Exchange Commission, which alleges that the Defendants have conducted a multimillion-dollar fraudulent investment scheme. At the same time the Receivership Order was entered, the Court also entered a Temporary Restraining Order (“TRO”), which, among other things, froze the Defendants’ assets, required preservation of documents, and required an accounting.
To view the TRO, please click here.
The Receiver and his team are systematically obtaining control over the Receivership Estate. The Receiver is taking control of assets and records by: 1) placing affected persons on notice of the Court orders, 2) physically securing the offices, and 3) electronically controlling asset transfers.
To open the PDF links above, you will need Adobe Reader.
The Receivership Estate may only be contacted in writing. Emails may be sent to: email@example.com. Mail may be sent to:
The Millennium Bank Receivership
c/o Richard B. Roper
Holland & Knight LLP
One Arts Plaza
1722 Routh Street, Suite 1500
Dallas, Texas 75201
Written inquiries are being reviewed, but the Receiver does not expect to be able to respond to individual inquiries. Inquiries are being forwarded to the appropriate person on the Receiver’s team for the appropriate response, or if necessary, a response. We anticipate that when multiple persons have similar questions, we will address such issues within the FAQ section of this website.
To view the FAQs, please click here.
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