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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.

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.

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.  Please refer to the Receiver's 11th Report of the Receivership Entities by clicking here.

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).1   The Receiver believes there will be one more "final" distribution once all pending matters have been resolved. However, a date for the final distribution has not been set. The Receiver will update this website once a date for the final distribution has been determined.

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.

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

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

Most Recent updates:

November 30, 2010 Superseding Indictment of John P. Utsick

April 6, 2010 Indictment of John P. Utsick

October 14, 2013 Receiver's Motion for Authority to Retain Real Estate Broker to Market Real Property for Sale and Incorporated Memorandum of Law

October 4, 2013 Receiver's Eleventh Report on the Condition of the Receivership Entities

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.



Jack Utsick Extradited

John P. (Jack) Utsick was extradited from Brazil on December 6, 2014, and was taken into custody on December 7, 2014 by the U.S. Marshall's Service and transported to Miami where he made his initial appearance before U.S. Magistrate Judge Jonathan Goodman.  To read the complete story, please click here:

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.

 

   
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Last Updated on Tuesday, December 09, 2014