Farias also allegedly misappropriated $2.4 million for personal expenses. TUSTIN, Calif., June 6, 2017 /PRNewswire/ -- Elite Aerospace Group (EAG) is proud to announce the formal acquisition of HALO Industries, a precisi. (Admin.) Case Details Parties Documents Dockets. Elite Aerospace Group manufactures premier aircraft component design and engineering. Notice Date 09/16/2021. First Commonwealth Service Company;Keystone State Capital Corporation; IA Capital Fund, LLC; Life's Good, Inc.; Life's Good Capital Growth Fund, LLC; Life's Good High Yield Mortgage Fund, LLC; Life's Good STABL Mortgage Fund, LLC; Marable, Laura; Stinson, Michael G; Stinson, Christine A; Stinson, Susan L; Stinson, Robert, Jr. Brown, George P; Brown, Kevin C; Brown Investment Advisors, Inc.; Hoddinott Farm Development, LLC; Rampart Capital Management, LLC; Rampart Fund LP; Summit Trust Company; Trust Counselors Network; Wealth Maintenance Organization. as Bankruptcy Counsel; Declarations of Zeeshawn Zia and Juliet Y. Oh, Esq. 41000 Woodward Avenue Bloomfield Hills, MI P: (810) 771-8605 info@oryan.com 8:22-BK-12142 | 2022-12-21, U.S. Bankruptcy Courts | Bankruptcy | (Entered: 09/13/2021), U.S. Bankruptcy Courts | Other | List of Equity Security Holders due 09/27/2021. Farias touted his investment experience and the company's competitive advantages, such as an algorithm that identified profitable leasing opportunities, and claimed all investments would be secured by the company's assets, the SEC said in its complaint. #46.0 - Filed 12/17/2018: FIRST AMENDED COMPLAINT against DEFENDANTS Elite Aerospace Group, Inc., Michael Forbes, Dustin Tillman, Zeeshawn Zia amending Complaint (Attorney Civil Case Opening),[LINK:1] , filed by Plaintiff Kauffman Investments LLC(Wachtell, Michael) - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets Directors and Executives of ELITE AEROSPACE GROUP, INC. Then type the name or word you wish to find and press Enter on your keyboard. (Admin.) (RE: related document(s)#102 ORDER to continue/reschedule hearing (BNC-PDF)) No. Summary of Assets and Liabilities (Form 106Sum or 206Sum ) due 09/27/2021. If you are interested in being considered for a position as a receiver in an SEC enforcement action pending in a federal district court, please complete thisapplication. The Debtor is being represented by The Law Firm Levene Neale Bender Yoo & Brill LLP (the "Debtor's Counsel"). Notice Date 10/22/2021. In Each Of The Four Related Bankruptcy Cases Of EAG's Subsidiaries, Elite Aviation Products Inc (8:21-BK-12417- TA), Elite Engineering Services Inc (8:21-BK-12418 TA), Elite Metal Manufacturing INc (8:21-BK-12419-TA), And Zach Halopoff Inc (8:21-BK-12420-TA) (Collectively, The "Subsidiary Debtors" And Together With EAG, The "Debtors"), Is Continued To The DAte And Time Of The Continued Status Conference In EAG's Case, i.e., January 12, 2022 at 10:00 A.M. - Please See Order For Further Ruling Signed on 10/29/2021 (Deramus, Glenda) (Entered: 10/29/2021), DocketHearing (Bk Other) Continued (RE: related document(s) #1 VOLUNTARY PETITION (CHAPTER 11) filed by Elite Aerospace Group, Inc.) Status Hearing to be held on 01/12/2022 at 10:00 AM Ronald Reagan Federal Bldg 411 W Fourth St Crtrm 5B Santa Ana, CA 92701 for #1, - Status Conference Continued To January 12, 2022 at 10:00 a.m.; Deadline For Filing Plan And Disclosure Statement Is January 7, 2022; Status Conferences For Affiliate And Subsidiaries Set For November 3, 2021 Is Continued To January 12, 2022 at 10:00 a.m.; Debtor's Counsel To Submit Scheduling Order. <> The Oryan Agency. Fee Amount $1738 Filed by Elite Aerospace Group, Inc. in Support Thereof Filed by Debtor Elite Aerospace Group, Inc.). or individual debtors with high debt burdens, Hearing (Bk Other) Continued (RE: related document(s) #1 VOLUNTARY PETITION (CHAPTER 11) filed by Elite Aerospace Group, Inc.) Status Hearing to be held on 01/12/2022 at 10:00 AM Ronald Reagan Federal Bldg 411 W Fourth St Crtrm 5B Santa Ana, CA 92701 for #1, - Status Conference Continued To January 12, 2022 at 10:00 a.m.; Deadline For Filing Plan And Disclosure Statement Is January 7, 2022; Status Conferences For Affiliate And Subsidiaries Set For November 3, 2021 Is Continued To January 12, 2022 at 10:00 a.m.; Debtor's Counsel To Submit Scheduling Order. Cancellation and Refund Policy, Privacy Policy, and The list is updated periodically; at any given time it may not reflect all actions falling into this category, and it may include an action that is no longer active. Incomplete Filings due by 09/27/2021. I, LLC; Cobalt Multifamily Investors I, LLC; Foster, William B; Shapiro, Mark Alan; Stitsky, Irving J; Vail Mountain Trust; Colonial Tidewater Realty Income Partners, LLC., et al. The case is 3:20-cv-00593, Madia v. Elite Aerospace Group Inc. et al. Leaders share operational and strategic learnings from their years in the top finance seat. <>stream If the amount is unknown, provide an estimate and check the box next to the amount. 8:22-BK-10442 | 2022-03-17, U.S. Bankruptcy Courts | Bankruptcy | Instead, Farias allegedly diverted more than $11.6 million for unauthorized purposes, such as making $6.5 million in Ponzi-like payments to investors, and investing $2.7 million to fund a friend's business. Does the Issuer intend this offering to last more than one year? Minimum investment accepted from any outside investor, State(s) of Solicitation (select all that apply). Morgan & Morgan, P.A. (Attachments: #1 Exhibit A - Promissory Note, #2 Exhibit B - Loan Guaranty, #3 Summons to Elite, #4 Summons to Tillman, #5 Summons to Zia) (Chmiel, Stephanie) March 19, 2020: Filing 1 Complaint with jury demand against Elite Aerospace Group, Inc., Dustin Tillman, Zeeshawn Zia. Elite Aerospace Group has solid leadership and colleagues are eager to assist and give you a helping hand during the on boarding as well as help guide you into the aerospace and defense industry. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Schedule E/F: Creditors Who Have Unsecured Claims (Form 106E/F or 206E/F) due 09/27/2021. The SEC also alleges in its Complaint that Elite paid secret commissions to unregistered salespeople, and didnt adequately disclose that about 30 percent of offering proceeds was used to pay offering costs. CEO Victor Lee Farias and his company, Integrity Aviation & Leasing, raised $14 million from investors, promising to use the funds to purchase engines and other aircraft parts for leasing to major airlines, the SEC said. Elite Aerospace Group, Inc. 1641-1645 Reynolds Ave Irvine, California 92614 USA www.eliteaerospacegroup.com Follow this Company Message this Company Services: Elite Aerospace Group, Inc. is an aircraft component design, engineering, and manufacturing company. 51 to 200 Employees. Case deficient re Corporate Ownership Statement due 9/27/2021. Option, Warrant or Other Right to Acquire Another Security, Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security. Elite represents a consortium of talented professionals who are passionately committed to providing the highest level of customer service and quality, while delivering cost-competitive supply . Fee amount 1738.00. brought against the issuer in any place subject to the jurisdiction of the United States, if the Elite Aerospace Group specializes in premier aircraft component design, engineering, and manufacturing and is committed to providing cost . (LBR Form F1007-4) Modified on 9/14/2021 (Nguyen, Vi). "Farias encouraged his victims to invest their hard-earned retirement nest eggs into his fraudulent business,"said David Peavler, regional director of the SEC's Fort Worth Office. Find company research, competitor information, contact details & financial data for Elite Aerospace Group, Inc. of Tustin, CA. The scheme was. Statement of Financial Affairs (Form 107 or 207) due 09/27/2021. Zeeshawn Zia, COO, Elite Aerospace Group / 949-783-7067 / team@eliteaerospacegroup.com Diane McNamara / 617-304-1940 / diane@fireituppr.com Source: Elite Aerospace Group (Oh, Juliet) (Entered: 09/17/2021), (#7) Request for courtesy Notice of Electronic Filing (NEF) Filed by Oh, Juliet. Notice Date 09/16/2021. Founding Partners Capital Management Company; Founding Partners Hybrid-Value Fund, LP; Founding Partners Global Fund, LTD.; Founding Partners Stable-Value Fund , LP; Founding Partners Stable-Value Fund II, LP; Gunlicks, William Lee; Sun Capital, Inc.; Sun Capital Healthcare Inc.; CSA Service Center, LLC; Fujinaga, Edwin Y; Fujinaga, June; MRI International, Inc.; The Factoring Company; The Yunju Trust. On September 13, 2021 (the "Petition Date") Elite Aerospace Group, Inc. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code. 3:23-CV-00053 | 2023-01-13, U.S. Bankruptcy Courts | Bankruptcy | Revenue: $5 to $25 million (USD) Competitors: Unknown. The SEC further asserts in its Complaint that several of the charged individuals made false claims to investors about Elite's financial audit as well as an acquisition. In both settled and litigated cases, the Division of Enforcement makes recommendations to the courts regarding persons to assist the court in a variety of capacities, including as receivers to take control of, marshal, maintain, and/or distribute assets; or to operate businesses. of Notices: 29. (Neale, David) (Entered: 10/25/2021), (#98) BNC Certificate of Notice - PDF Document. Case deficient re Corporate Ownership Statement due 9/27/2021. The complaint alleges two schemes tied to the sale of shares in Elite. Meggitt PLC has completed the acquisition of Elite Aerospace (Elite), a Miami-based and award winning leader in the test, repair and overhaul of commercial, regional and military aircraft components. (Le, James) (Entered: 09/14/2021), (#2) Notice to Filer of Correction Made/No Action Required: Incorrect schedules /statements recorded as deficient. Information Regarding SEC Enforcement Actions in Which Receivers Have Been Appointed. Elite Aerospace Group Reviews Updated Dec. 29, 2022 Find Reviews Clear All Full-time, Part-time English Filter Found 46 of over 51 reviews Sort Popular Popular Highest Rating Lowest Rating Most Recent Oldest first 2.6 37 % Recommend to a Friend 23 % Approve of CEO Dustin Tillman 8 Ratings extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority. (Entered: 09/16/2021), (#4) BNC Certificate of Notice (RE: related document(s)#3 Meeting of Creditors Chapter 11 (Corporations or Partnerships) (309F1)) No. Santa Ana, CA 92701-4593, Attorney at Levene Neale Bender Yoo & Golubchik LLP, Attorney at Levene, Neale, Bender, Yoo & Golubchik, (#106) Notice of motion/application - Notice of Application to Employ Levene, Neale, Bender, Yoo & Golubchik L.L.P. Industry: Aerospace & Defense. GROUP, LLC; Davis, Charles R; Dippolito, William F; Global Fiance & Invesgtments, Inc.; JTA Enterprises, Inc.; Level Par Investments, LLC; Linn, Ronald James; Lucre Fund LLC; Maske, Glenn E; Nevada Sentry Service Corp.; Rogers, Kelly G; Sterling Meridian LLC; Trequestra Management Corp.; USASSET & Funding Corporation; Wells Ventures, LLC. Schedule H: Your Codebtors (Form 106H or 206H) due 09/27/2021. ; Whitney, Richard D. Wood River Capital Management, LLC, et al. No communication skills from the leadership team. The SEC also has charged Owens with with violating the broker registration requirements of the Exchange Act. D0[@T-l=FY_6lDi;uT[]>87G #1 He.TA$Zx6BW*e~s/fbg`:(8H$v+wda/?z#^uRhq>]X?=!9zFx 6tjXoJhNAb{aInpB Find company research, competitor information, contact details & financial data for Elite Aerospace Group, Inc. of Irvine, CA. (Oh, Juliet) (Entered: 09/17/2021), Docket(#6) BNC Certificate of Notice (RE: related document(s)#1 Voluntary Petition (Chapter 11) filed by Debtor Elite Aerospace Group, Inc.) No. (Admin.) We have helped investors recover tens of millions of dollars of investment losses. Recent SEC Filings. endobj The complaint alleges that Owens operated the boiler room with the knowledge of Elite's executive officers, Dustin B. Tillman and Zeeshawn S. Zia, and assistance from his associates, Dawson L. Davenport (also a recidivist) and Andrea J. Lindstrom. Elite Aerospace Group - Home | Facebook On 03/08/2018 CMCE, LLC filed a Contract - Other Contract lawsuit against ELITE AEROSPACE GROUP, INC. Form 5 : Revocation of Revocable Nomination. The Business Trial Group at Morgan & Morgan helps investors recover their losses on a contingency basis. 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