WCM777: Final Judgment Against Aeon Operating, Inc.

wcm777-logoToday, this Order was issued in response to yesterday’s STIPULATION for Settlement Consent of Relief Defendant Aeon Operating, Inc. to Final Judgment filed by the Securities and Exchange Commission:

 

FINAL JUDGMENT AS TO RELIEF DEFENDANT AEON OPERATING, INC.

“having entered a general appearance, consented to the Court’s jurisdiction over Relief Defendant and the subject matter of the action; and consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment:

I.
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that the $1,276,714 was transferred to the receiver, Krista Freitag, from an account held in the name of WCM Resources, Inc., which account was jointly controlled by defendant Ming Xu and persons associated with Aeon, and that Aeon relinquishes any and all claims to those funds in satisfaction of the SEC’s claims against Aeon as a relief defendant in this proceeding.

II.
IT IS FURTHER ORDERED, ADJUGED, AND DECREED that the Commission’s claim against Aeon shall be, and hereby is, dismissed.

Leave a Reply