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.
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 (the "Receiver") of the assets of the Receivership Parties (the "Receivership Assets").
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.
Investors have been contacting the Receiver concerning tax reporting information for 2011. This information is not yet available and the date it will be available has not been determined.