From the court case, Costello, GRN Funds, Pacific Banking are the defendants Judges orders:
"UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
Civil Minutes
Date: September 8, 2022 Judge: Hon. James Donato
Court Reporter: Ana Dub
Time: 28 Minutes
Case No. 3:20-cv-02102-JD
Case Name CCSAC, Inc. et al v Pacific Banking Corp et al
Attorney(s) for Plaintiff: Steven Selna
Attorney(s) for Defendant(s): Stephen Lobbin
Deputy Clerk: Lisa Clark
PROCEEDINGS
Hearing re Discovery -- Held.
NOTES AND ORDERS
The Court has serious concerns about the manner in which defendants and their lawyers have
handled discovery. The parties are advised that sanctions will likely be entered if the
proceedings ordered below warrant that. Sanctions may include, without limitation, monetary
sanctions, evidence, claim and defense preclusion, and professional conduct sanctions."
"Defendants will file by 5:00 p.m. California time on September 15, 2022, a declaration under
penalty of perjury identifying where the CCSAC funds subject to the preliminary injunction
order, Dkt. No. 23, are located. The declaration must state the name and address of the financial
institution, the type of account being used, the full and exact account number, and the balance of
the funds as of September 9, 2022. The declaration must also certify that defendants have
adhered to the injunction from the time it was issued. Defendants should file a public version of
the declaration that redacts the account number, and a motion to seal that includes an unredacted
version."
For those that don't know, in 2019 Costello's Pacific Banking Corp was given over $8,000,000 by a California marijuana retail company in a capital management agreement whereby Pacific Banking would pay the bills for the marijuana companies. Costello did, for a few months then stopped making payments for them. Interestingly, they stopped just after COWP was suspended. Pacific Banking refused to terminate the agreement and refused to return the money so they were sued. For over two years the plaintiffs have tried, and failed to find out where the money is/went and how much is left. During the discovery process, when asked to reveal the details of the money Costello repeatedly answered I can't remember, or pleaded the fifth amendment.
It's nice to have a lot of horsepower in the engine room but you need some in the wheelhouse too.
