Bayport International Holdings Inc. (BAYP)

[jeagerboy]

Nice JV partner Porter

The Commission's complaint in the fraudulent transfer action alleges that in two transactions in 2001 and 2003, while the Commission's civil enforcement action was pending against him, Joshua S. Shainberg transferred all his interest in a Manhattan cooperative apartment to Laryssa S. Shainberg, his wife, without receiving consideration. The complaint alleges that the transfer of the apartment was a fraudulent conveyance in that it was made while Joshua S. Shainberg was a defendant in the civil enforcement action, and that Joshua S. Shainberg made the transfer with the intent to hinder, delay, or defraud the Commission in its collection efforts.