SEC Files Civil Suit, Asset Freeze and TRO Against Profitable Sunrise

Posted by ASDUpdates on April 5, 2013No Comments

Despite a multitude of unfounded rumors that the SEC was responsible for the Profitable Sunrise shutdown, but as of April 4th, it has actually come true.  The SEC filed against Inter Reef/Profitable Sunrise in the Northern District of Georgia.

Here’s a blurb from the Docket File:

U.S. District Court
Northern District of Georgia (Atlanta)
CIVIL DOCKET FOR CASE #: 1:13-cv-01104-TWT

Securities and Exchange Commission v. Inter Reef Ltd. et al
Assigned to: Judge Thomas W. Thrash, Jr
Cause: 15:77 Securities Fraud

Date Filed # Docket Text
04/04/2013 1 COMPLAINT for Injunctive Relief with Jury Demand filed by Securities and Exchange Commission. Consent form to proceed before U.S. Magistrate and pretrial instructions provided. (Attachments: # 1 Civil Cover Sheet)(dr) Please visit our website at to obtain Pretrial Instructions. (Entered: 04/04/2013)
04/04/2013 2 Summons Issued as to Color Shock S.R.O., Fortuna-K S.R.O., Inter Reef Ltd., Melland Company S.R.O., Solutions Company S.R.O. (dr) (Entered: 04/04/2013)
04/04/2013 3 EMERGENCY MOTION for Temporary Restraining Order, Asset Freeze, and Other Equitable Relief by Securities and Exchange Commission. (Attachments: # 1 Memorandum in Support, # 2 Certificate)(dr) (Entered: 04/04/2013)
04/04/2013 4 ORDER granting 3 Motion for Temporary Restraining Order and Other Emergency Relief and Order to Show Cause. Signed by Judge Thomas W. Thrash, Jr on 4/4/13. (dr) (Entered: 04/04/2013)
04/04/2013 ORDER TO SHOW CAUSE contained within 4 TRO by Judge Thomas W. Thrash, Jr.; Show Cause Hearing set for 4/15/2013 at 10:00 AM in ATLA Courtroom 2108. (dr) (Entered: 04/04/2013)
04/04/2013 5 Minute Entry for proceedings held before Judge Thomas W. Thrash, Jr: Motion Hearing held on 4/4/2013 re 3 MOTION for Temporary Restraining Order filed by Securities and Exchange Commission. The Court heard from counsel for plaintiff and granted the motion. Preliminary Injunction set for 4/15/13 at 10:00am. (Court Reporter Andy Ashley)(dr) (Entered: 04/04/2013)


All documents are on the Files website.




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