World Wide Entertainment Group Information

This website has been set up by Michael I. Goldberg as the court-appointed Receiver for Worldwide Entertainment Group. This website will be updated often to keep creditors informed of the progress of the receivership.

November 1, 2012
Message from the Receiver

Michael I. Goldberg, is the Court Appointed Receiver for Worldwide Entertainment, Inc., The Entertainment Group Fund, Inc., American Enterprises, Inc. and Entertainment Funds, Inc. (collectively, "Receivership Entities") in the case styled Securities & Exchange Commission vs. Worldwide Entertainment, Inc., et al., Case No.: 06-20975-CIV-HUCK (the "Receivership Case"). The following is a brief update on the status of the Receivership Case as of November, 2012.

The Receiver continues to wind down the estate with regard to the Receivership Entities' interests in the Quay Park Arena, Jacksonville Land, and Life Insurance Policies. As more information becomes available on the liquidation and finalization of these matters, the Receiver will post such information on this website accordingly.

The Receiver has made three distributions to date of approximately $35 million to eligible creditors representing a 21.37% return of their principal investment(s).¹The Receiver is hopeful that a final distribution can be made toward the end of 2013 once all matters have been finalized, however, this date can change due to varying circumstances.

Investors are continuously urged to keep their contact information with the Receiver's office current. If you need to update your contact information, please complete the Change of Address Form found under the "Forms" tab of this website and submit it to the Receiver in accordance with the instructions on the form. For any other questions regarding this matter, please contact the Receiver's office by calling (800) 223-2234.

Contact Information:

Telephone: 800-223-2234

Michael I. Goldberg, Receiver
Worldwide Entertainment
c/o Akerman Senterfitt
350 East Las Olas Boulevard
Suite 1600
Fort Lauderdale, FL 33301

Electronic mail: General Information: worldwide@akerman.com

For Most Recent Updates Click Here

If you wish to update your contact information, please click here

Most Recent updates:

October 25, 2011 Receiver's Second Amended Tenth Report On The Condition of the Receivership Entities

October 29, 2010 Receiver's Motion For Authorization To Make Second Interim Distribution To Creditors

September 29, 2010 Notice of Filing and Michael I. Goldberg's Ninth Report Concerning the Condition of the Entertainment Group Fund, Worldwide Entertainment Inc. American Enterprises Inc. and Entertainment Funds Inc.

August 31, 2010 Order Granting Receiver's Motion to Approve Settlement

April 9, 2010 John P. Utsick Appeal Judgment

December 8, 2009 Receiver's 8th Report on the Condition of Worldwide Entertainment

July 29, 2009 Notice of Appeal

May 22, 2009 Final Judgment Setting Disgorgement and Prejudgment Interest and Imposing a Civil Penalty Against Defendant John P. Utsick

May 19, 2009 Findings of Fact, Conclusions of Law and Final Judgment Ordering Disgorgement, Prejudgment Interest, and a Civil Penalty Against Defendant John P. Utsick

April 17, 2006 Complaint for Injunctive and Other Relief

May 18, 2009 Omnibus Order (Paris Hilton)

1. For eligible creditors with IRA investments, please be advised that your distribution check has been mailed directly to your IRA custodian unless you have directed our office otherwise. If you have a change in your IRA custodian at any time, you need to notify our office in writing of same. Please contact my office at (800) 223-2234 for further instructions.

2. This percentage takes into account both pre and post receivership distributions for some eligible creditors due to the "rising tide" method of calculating claims in this case. For more information on the "rising tide" theory, please refer to the FAQS section of this website.


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This website has been set up by Michael I. Goldberg as the court-appointed Receiver for Worldwide Entertainment Group. This website will be updated often to keep creditors informed of the progress of the receivership. November 1, 2012 Message from the Receiver Michael I. Goldberg, is the Court Appointed Receiver for Worldwide Entertainment, Inc., The Entertainment Group Fund, Inc., American Enterprises, Inc. and Entertainment Funds, Inc. (collectively, "Receivership Entities") in the case styled Securities & Exchange Commission vs. Worldwide Entertainment, Inc., et al., Case No.: 06-20975-CIV-HUCK (the "Receivership Case"). The following is a brief update on the status of the Receivership Case as of November, 2012. Pending Matters The Receiver continues to wind down the estate with regard to the Receivership Entities' interests in the Quay Park Arena, Jacksonville Land, and Life Insurance Policies. As more information becomes available on the liquidation and finalization of these matters, the Receiver will post such information on this website accordingly. Investor Distributions: The Receiver has made three distributions to date of approximately $35 million to eligible creditors representing a 21.37% return of their principal investment(s).¹The Receiver is hopeful that a final distribution can be made toward the end of 2013 once all matters have been finalized, however, this date can change due to varying circumstances. Investors are continuously urged to keep their contact information with the Receiver's office current. If you need to update your contact information, please complete the Change of Address Form found under the "Forms" tab of this website and submit it to the Receiver in accordance with the instructions on the form. For any other questions regarding this matter, please contact the Receiver's office by calling (800) 223-2234. Contact Information: Telephone: 800-223-2234 Michael I. Goldberg, Receiver Worldwide Entertainment c/o Akerman Senterfitt 350 East Las Olas Boulevard Suite 1600 Fort Lauderdale, FL 33301 Electronic mail: General Information: worldwide@akerman.com For Most Recent Updates Click Here If you wish to update your contact information, please click here Most Recent updates: October 25, 2011 Receiver's Second Amended Tenth Report On The Condition of the Receivership Entities October 29, 2010 Receiver's Motion For Authorization To Make Second Interim Distribution To Creditors September 29, 2010 Notice of Filing and Michael I. Goldberg's Ninth Report Concerning the Condition of the Entertainment Group Fund, Worldwide Entertainment Inc. American Enterprises Inc. and Entertainment Funds Inc. August 31, 2010 Order Granting Receiver's Motion to Approve Settlement April 9, 2010 John P. Utsick Appeal Judgment December 8, 2009 Receiver's 8th Report on the Condition of Worldwide Entertainment July 29, 2009 Notice of Appeal May 22, 2009 Final Judgment Setting Disgorgement and Prejudgment Interest and Imposing a Civil Penalty Against Defendant John P. Utsick May 19, 2009 Findings of Fact, Conclusions of Law and Final Judgment Ordering Disgorgement, Prejudgment Interest, and a Civil Penalty Against Defendant John P. Utsick April 17, 2006 Complaint for Injunctive and Other Relief May 18, 2009 Omnibus Order (Paris Hilton) 1. For eligible creditors with IRA investments, please be advised that your distribution check has been mailed directly to your IRA custodian unless you have directed our office otherwise. If you have a change in your IRA custodian at any time, you need to notify our office in writing of same. Please contact my office at (800) 223-2234 for further instructions. 2. This percentage takes into account both pre and post receivership distributions for some eligible creditors due to the "rising tide" method of calculating claims in this case. For more information on the "rising tide" theory, please refer to the FAQS section of this website.	ALERT THE IRS HAS ADOPTED NEW TAX PROVISIONS FOR THE BENEFIT OF VICTIMS OF FINANCIAL FRAUDS. WE BELIEVE THAT THE VICTIMS OF WORLDWIDE ENTERTAINMENT MAY QUALIFY FOR SUCH TAX BENEFITS. YOU ARE ADVISED TO IMMEDIATELY CONSULT WITH YOUR TAX ADVISOR TO DETERMINE WHAT, IF ANY, TAX BENEFITS YOU ARE ENTITLED TO. PLEASE CLICK THE LINK TO REVIEW IMPORTANT INFORMATION RELEVANT TO THESE NEW TAX PROVISIONS: Provision 1 and Provision 2 SPECIAL NOTICE TO INVESTORS FROM THE COURT PLEASE DO NOT WRITE LETTERS OR CALL THE JUDGE, HIS LAW CLERKS, OR JUDICIAL ASSISTANTS REGARDING THIS CASE. THE JUDGE WILL NOT READ OR CONSIDER ANY EX-PARTE COMMUNICATIONS FROM INVESTORS. THERE ARE SPECIFIC RULES GOVERNING THE FILING OF DOCUMENTS WITH THE COURT THAT MUST BE FOLLOWED. IF YOU INSIST ON SENDING COMMUNICATIONS TO THE COURT, PLEASE CONSULT A LAWYER FOR THE PROPER PROCEDURE. ANY QUESTIONS OR CONCERNS REGARDING THIS POLICY OR OTHER GENERAL CASE INFORMATION, SHOULD BE DIRECTED TO THE RECEIVER'S OFFICE BY CALLING (800) 223-2234, VIA E-MAIL AT WORLDWIDE@AKERMAN.COM, OR IN WRITING TO MICHAEL I. GOLDBERG, RECEIVER, 350 EAST LAS OLAS BLVD., SUITE 1600, FT. LAUDERDALE, FL 33301-2229.
Home \| Receiver's Letters \| Court Filings \| Receiver's Reports \| Forms \| Contact Us \| FAQS Last Updated on Thursday, November 01, 2012