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Re: trader53 post# 23133

Monday, 08/12/2024 2:40:01 PM

Monday, August 12, 2024 2:40:01 PM

Post# of 25218
Hey, thanks for posting that. 'It is to laugh' (at toxic note-holders) in a WCVC-positive sort of way.

Basile's article is dated Aug 2023, but it makes me wonder whether the SEC is going after any of the toxic lenders that Nixon implied still held notes, per his last filing in late 2020.

Basile references "SEC v Almagarby, et al." which was initiated in 2017, and finalized in 2020 (date of published judgment; but note: remedies weren't ordered until 2021). If a 3-year time frame is typical, that might suggest that any SEC actions against Nixon's toxic lenders that started in, say, 2021, might be near their end.

But this is speculation, of course. We'd have to hear from Nixon himself if there were any suits against those lenders in that time frame.. (If there are any such suits, West Coast Ventures Group wouldn't be in the case title, so such a case might be hard to find via Google-search alone.)

Too bad Nixon never named his lenders in his filings.

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