Securities and Exchange Commission, Plaintiff,
v.
Today's Growth Consultant, Inc.
dba The Income Store and
Kenneth D. Courtright, III
 Defendants.
Case No. 1:19-CV-08454
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Re:         Securities and Exchange Commission v. Today’s Growth Consultant, Inc (dba “The Income Store”) and Kenneth D. Courtright, III, United States District Court for the Northern District of Illinois, Civil Action No. 1:19-CV-08454
 
Date:     January 6, 2020
 
Attached is a Temporary Restraining Order Freezing Assets and Imposing Other Emergency Relief and Order Appointing Receiver that have been entered in the above referenced matter.
 
The Court has determined that the appointment of a receiver is necessary and appropriate for the purposes of marshaling and preserving the books and records and all assets of Today’s Growth Consultant, Inc.
 
Within the next few days a website will be established that will provide court documents and other information regarding the case that will answer many of your questions. For additional information, you may contact the office of the Receiver at (305) 542-4410 or incomestore@dvllp.com.

Temporary Restraining Order.pdf

Order Appointing Receiver.pdf



Re:         Securities and Exchange Commission v. Today’s Growth Consultant, Inc (dba “The Income Store”) and Kenneth D. Courtright, III, United States District Court for the Northern District of Illinois, Civil Action No. 1:19-CV-08454

 
Date:     January 17, 2020
 
The Receiver has established the website www.incomestorereceivership.com to provide court documents, important dates, and helpful information regarding the case to help answer many of your questions.  All future information will be provided via the website.  Please visit the website for updated information on the case proceedings and if you have additional questions you may contact the office of the Receiver at (305) 542-4410 or incomestore@dvllp.com

For your immediate reference, attached hereto is a copy of Temporary Restraining Order Freezing Assets and Imposing Other Emergency Relief and Order Appointing Receiver that have been entered in the above referenced matter.
 
Temporary Restraining Order.pdf

Order Appointing Receiver.pdf



Re: Securities and Exchange Commission v. Today’s Growth Consultant, Inc (dba “The Income Store”) and Kenneth D. Courtright, III, United States District Court for the Northern District of Illinois, Civil Action No. 1:19-CV-08454

March 10, 2020

Good afternoon:

The Receiver has filed with the Court in the above-referenced matter a Notice of Amendment to Proposed Noticing and Claims Administration Process. The Notice amends one eligibility requirement proposed in the Receiver’s Motion to Approve (A) Noticing and Claims Administration Process and (B) Partial Plan of Distribution, and the Legal Notice and Proof of Claim form attached as Exhibits to the Motion, to provide the Receiver with discretion to allow the claim of a former employee or contractor of Today’s Growth Consultant, Inc. d/b/a The Income Store, under appropriate circumstances as determined by the Receiver.

A copy of the Notice and the Motion to Approve (A) Noticing and Claims Administration Process and (B) Partial Plan of Distribution can be viewed on the Receiver’s website, incomestorereceivership.com.

The U.S. District Court has set a deadline of March 16, 2020 for any investor or other interested party to submit to the Court or to the Receiver an objection to, or comment regarding, the Receiver’s proposed claims process and partial distribution plan, as modified by the Notice.

For questions, you may contact the office of the Receiver at (305) 542-4410 or incomestore@dvllp.com.



March 12, 2020,

It has been communicated to the Receiver that there is some confusion regarding the nature and purpose of the March 16, 2020 deadline. This correspondence will attempt to provide some clarity on the deadline and the process moving forward.

On February 28, 2020, the Receiver filed “Receiver's Motion to Approve (A) Noticing and Claims Administration Process and (B) Partial Plan of Distribution” (the “Motion”). A copy of the Motion and the Exhibits thereto can be found on incomestorereceivership.com towards the top of the Home page and under the tab, “Court Filings”. The Motion outlines the Receiver’s proposed procedure for recovering assets for the Receivership Estate and establishing a claims process by which investors and creditors may file a claim against the Receivership Estate.

Prior to ruling on the Motion and approving the Receiver’s proposed plan, the presiding U.S. District Court Judge entered an Order permitting investors and creditors to object to the Receiver’s proposal. If an investor or creditor wishes to make an objection to the Receiver’s proposal set forth in the Motion, said objection must be filed with the Court or sent to the Receiver by March 16, 2020.

If there are no objections or if all objections are resolved and the Court grants the Motion and approves the Receiver’s proposal, the Receiver will use her best efforts to notify all known investors and creditors of the Estate using two documents; Legal Notice of Claims Administration Process and Plan of Distribution, and Proof of Claim and Release Form. For a detailed explanation of this process, please review Pages 5-6 of the Motion. These documents will provide a timeline of events including the final date by which all investors must submit their Proof of Claim. The proposed drafts of these documents are available at incomestorereceivership.com under the tab, “Court Filings”, as Exhibit A and Exhibit B to the Motion respectively. Please note that the “DEADLINE” dates listed on Page 6 of Exhibit A are currently blank as these dates are not set at this time. Only upon the Court’s approval of the Receiver’s proposed claims process will these dates be set.

Please note that the March 16, 2020 deadline is not the deadline to submit your Proof of Claim. The deadline to submit your Proof of Claim is not set at this time.

Please review the below additional Frequently Asked Questions to help answer other questions that you may have:

1. What do I have to do by March 16, 2020? At this time, nothing is required from you unless you plan on objecting to the Receiver’s proposal. In which case, your objections must be submitted either to the Court or to the Receiver by March 16, 2020.

2. If I made more than one investment and, as a result, have more than one contract, am I able to sign a release for one contract and not the other? You will likely be able to submit a claims form for each contract that you had with the Income Store provided that you invested separately for each contract.

3. Am I able to see the revenue that my assigned website was generating during the time it was being managed by the Income Store? Yes. If you would like to review this information please send e-mail correspondence to incomestore@dvllp.com with the following information: (1) the name of your website(s), and; (2) the time frame for which you are inquiring.

4. If I choose to sign a release, will I be provided with the passwords to the social media accounts associated with my assigned website? Yes, provided that the social media accounts were created for your website and your website only.

 


 




 

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