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This is the website of the court appointed receiver of Management Solutions, Inc., more than 200 related companies, Wendell A. Jacobson, and Allen R. Jacobson. Click here to see a list of the related companies in receivership. 

UPDATE (April 17, 2018)

On April 17, 2018, Judge Bruce S. Jenkins granted the motion for approval of the fifth and final distribution.  The Receiver expects to make this distribution during this coming week.  Click here to review the order.

UPDATE (April 16, 2018)

On April 16, 2018, the Receiver filed a motion to approve the fifth distribution with the Court.  The motion proposes a distribution of $8,879,500, which will bring allowed Class 5 investor claims to a 100% return of their Adjusted Investor Claims.  Click here to review the motion.

Click here to review a copy of schedule showing distributions made to Class 5 investors thus far, as well as the amounts to be paid with this fifth and final distribution.

UPDATE (February 15, 2018) – BLACK CLIFF SETTLEMENT

On February 2, 2018, Judge Bruce S. Jenkins granted the stipulated motion to approve settlement with Black Cliff.  Click here to review the order.  Refer to Exhibit 1 of the order to review the settlement agreement. 

 UPDATE (October 31, 2016) – ANTICIPATED FINAL DISTRIBUTION TIMING

The Receiver’s accountants have prepared, and the Receiver has filed and will continue to file, all tax returns required for the receivership.  To date, the Receiver has filed receivership estate tax returns for the calendar years 2011-2015.  These returns indicate that no receivership estate tax is owing to any federal taxing authority.  While the Internal Revenue Service typically has 3 years to audit a tax return, the Receiver has filed and asked the Internal Revenue Service for a prompt determination of the tax liability for the returns that have been filed under IRC Section 6501(d).  Under the “prompt” determination guidelines, the IRS has up to 18 months to determine if an audit is warranted and the assessment of any tax liability.  Because of the uncertainty inherent in this audit process in terms of both cost and time, and based on counsel from retained tax professionals, the Receiver does not anticipate making further interim distributions in the receivership.  The Receiver still anticipates making a substantial final distribution once the 18 month period has passed and the IRS has notified the Receiver of the closing of the tax period. 

UPDATE (April 12, 2016)

On April 12, 2016, Judge Bruce S. Jenkins granted the motion for approval of fourth distribution.  The Receiver expects to make distribution sometime during this week.  Click here to review the order.

UPDATE (March 11, 2016)

On March 11, 2016, the Receiver filed a Motion to Approve Fourth Distribution with the Court.  The motion proposes a distribution of $4,218,443.71, which will bring allowed Class 5 investor claims to a 95.94% return.  Click here to review the motion.

Click here to review a copy  of schedule showing distributions made to Class 5 investors thus far, as well as the amounts proposed to be paid with this proposed Fourth Distribution.

UPDATE (December 17, 2015)

After a four day preliminary hearing, Wendell and Allen Jacobson were bound over for trial by State of Utah 3rd District Judge Su Chon.  An Arraignment Hearing is scheduled for February 1, 2016, before Judge Paul B. Parker.  Click here to see Judge Chon’s Order.

UPDATE (November 23, 2015)

On November 23, 2015, Judge Bruce S. Jenkins granted the motion for approval of third distribution.  Click here to review the order.

UPDATE (November 12, 2015)

The receivership will issue a tax information statement to all claimants who received claim distributions in 2015.  The statement will report the total disbursements made in 2015 and will be mailed by January 31, 2016. Because tax treatment may vary from claimant to claimant, you may need to consult with your tax advisor as to the tax treatment of these payments. 

UPDATE (November 06, 2015)

On November 06, 2015, the Court scheduled hearing date for the 3rd distribution motion for November 18, 2015, at 01:30 PM in Room 7.200 before Judge Bruce S. Jenkins. 

UPDATE (October 30, 2015)

On October 30, 2015, the Receiver filed a Motion to Approve Third Distribution with the Court.  The motion proposes a distribution of $21 million, which will bring allowed Class 5 investor claims to a 94% return.  Note that the Court has not yet calendared a hearing date for this distribution.  Click here to review the motion.

Click here to review a copy  of schedule showing distributions made to all Classes thus far, as well as the amounts proposed to be paid with this proposed Third Distribution.

UPDATE (October 30, 2015)

On October 30, 2015, the Court approved the Receiver’s Stipulated Motion to Approve Settlement Agreement with Jacobson Parties.  Click here to review the Order.  Click here to review the motion and settlement agreement.  This settlement will allow a significant third distribution to take place to Class 5 investor claimants.

UPDATE (September 24, 2015)

On September 24, 2015, the Receiver made a second distribution to Class 4 and 5 Claimants in the amount of $5,070,000, pursuant to the Plan of Distribution.  Click here to review a copy of second distribution report listing your claim basis, prior receivership distributions, and the calculated amount of your second distribution.  

Click here to review a copy of second distribution letter from the Receiver.

UPDATE (September 22, 2015)

On September 22, 2015, Judge Bruce S. Jenkins granted the motion for approval of second distribution.  Click on the following links to review the Order Granting Motion for Approval of Second DistributionReceiver’s Motion to Approve Second Distribution, Exhibit A – Receiver’s Motion to Approve Second Distribution.

UPDATE (August 11, 2015)

On August 11, 2015, the Receiver filed a Motion to Approve Second Distribution with the Court.  Click here to review the motion.

Click here to review a copy  of schedule showing distributions made to all Classes thus far, as well as the amounts proposed to be paid to Classes 4 and 5 with this proposed Second Distribution.

UPDATE (June 23, 2015)

Wendell A. Jacobson, 61, and his son Allen R. Jacobson, 36, were both charged Monday, June 22, in 3rd District Court with a pattern of unlawful activity and 15 counts of securities fraud. All of the offenses are second-degree felonies, which carry a 1 to 15-year prison sentence.  Prosecutors also filed warrants for the Jacobsons’ arrest, with bail set at $100,000. 

Court Document Link:    Affidavit of Probable Cause

Salt Lake Tribune Link:  http://www.sltrib.com/news/2652928-155/father-son-charged-in-alleged-fraud

UPDATE (June 16, 2015)

On July 16, 2015, at noon in the county courthouse in Heber City (1361 South Hwy 40, Heber City, UT), the MSI estate will be auctioning a 170 acre parcel located at Wolf Creek Ranch.  For more information, click the video link below or call auctioneer Rob Olson at 801-355-6655.

Video Link:  https://youtu.be/3yuc18hxudo

UPDATE (June 3, 2015)

On June 3, 2015, the Receiver made a first interim distribution to Class 3, 4, and 5 Claimants in the amount of $103,009,445.87, pursuant to the Plan of Distribution.  Click here to review a copy of first interim distribution report listing Class 3, 4, and 5 Claimants.

UPDATE (June 1, 2015)

On June 1, 2015, Judge Bruce S. Jenkins granted the request for a first interim distribution.  Click on the following links to review the Order Granting Request for First Distribution, Request for Order Approving Proposed First Distribution, Order Overruling BTJD Claimants’ Ex Parte Objections, and the objections filed on behalf of Greg & Jenny Bailey, Jason & Casey Coutts, Brett & Emily Lovell, Red Castle Retirement Trust, Scott & Ellen Daley, Laney Jacobson, Boca Raton, LLC, Melba Jacobson, Bement & Company, Colonial Stone Brook (Sherm Hill), Cami Jacobson, and Brandon and April Jacobson in regards to first interim distribution.

UPDATE (May 14, 2015)

On May 14, 2015, the Receiver filed a Motion to Approve First Distribution with the Court.  Click here to review the motion.

On May 14, 2015, the Receiver filed a Motion to Approve Claims Analysis Report with the Court.  Click here to review the motion. 

UPDATE (April 21, 2015)

On April 21, 2015, the Receiver mailed the Claims Analysis Report pursuant to the Plan of Distribution to all claimants.  Click here to access a copy of the report.  

UPDATE (April 13, 2015)

On April 13, 2015, Judge Jenkins approved the Receiver’s Plan of Distribution. Once the Order is signed by the Judge, a copy will be posted to the website.  After the Order is signed, we will mail the Claim Analysis Report within seven days showing the current claim status of all claims.  The vast majority of claim amounts will not change from the initial claims list attached to the Plan that you have already seen.  A claimant has until 30 days after the Plan approval to contact the Receiver should there be any questions or concerns regarding their claim.  If the issue cannot be resolved with the Receiver during this 30 day window, the claimant will have the opportunity to file a written objection with the Court within 14 days of the close of the window.

UPDATE (February 27, 2015)

On Friday, February, 27, 2015, the Receiver filed a Plan of Distribution with the Court. Click here to review the Plan.

FOR THE CURRENT RECEIVERSHIP STATUS CLICK HERE


On December 15, 2011, the United States Securities and Exchange Commission (” SEC “) filed a civil lawsuit against Management Solutions, Inc, Wendell A. Jacobson, and Allen R. Jacobson in the United States District Court for the District of Utah, Case No. 2:11-cv-01165. The Complaint alleges violations of federal securities laws, including fraud. In connection with filing the Complaint, a Temporary Restraining Order was issued restraining further violations of the securities laws and an Order was issued freezing the assets and records of Management Solutions, the related companies, Wendell A. Jacobson, Allen R. Jacobson and several other persons ( the ” Receivership Parties “) , and appointing John A. Beckstead of the law firm of Holland & Hart LLP as receiver of the assets of the Receivership Parties ( the ” Receivership Assets “) . On April 15, 2014, Judge Bruce S. Jenkins entered the Order Substituting Receiver and appointed Gil A. Miller ( the ” Receiver “) as the successor receiver to Mr. Beckstead.


The duties of the Receiver are to locate and secure the Receivership Assets, identify and pursue claims owned by the Receivership Parties, preserve and manage the Receivership assets, and liquidate the Receivership Assets for the benefit of investors and creditors. 

This website will provide updates and developments on the activities of the receivership, explain procedures for investors and creditors to make claims, provide copies of important documents filed with the Court, and provide contact information for the Receiver and others. 

The website will be updated regularly as developments occur.