Monday, May 16, 2016

SEC Summary Judgment Granted Against Braslau/Chortkoff Estate Remains a Defedant

I received the following anonymous e-mail relative to a
summary judgment against Braslau on 5/13/16: 

"Basically, the SEC got a summary judgment and the civil case against Braslau is now terminated with no fine since he still owes the $1.7 million from the criminal case. He is only barred from future securities sales.

Meanwhile, Judge Wright still has the case open against Chortkoff's Estate in this civil court matter.  As we know, Chortkoff was found guilty in the criminal case, but died.

The Judge could have also terminated this civil case against
Chortkoff's estate but did not-can only assume he will
go after the estate big-time."

Monday, May 2, 2016

Update on Status of Defendant Chortkoff in SEC Case

Good News!!! Apparently, the judge in the SEC case has determined
that the Chortkoff Estate should be substituted for deceased defendant
Rand Chortkoff. Below is the email I received from the SEC attorney today.
Further updates will be posted as the SEC case progresses.

I just received notice today that the Court has ruled in our favor and allowed us to substitute the Chortkoff Estate for the deceased Rand Chortkoff.  As a practical matter, that means that our action can proceed against the Estate.  It is not a final determination that Mr. Chortkoff or his estate is liable – it simply means we can attempt to demonstrate that Mr. Chortkoff defrauded investors and, if we succeed in proving that,  that we can hold his Estate liable for any harm that he caused.

Peter Del Greco