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U.S. Commodity Futures Trading Commission
and U.S. Securities and Exchange Commission
v. Trevor Cook, et al.

PLEASE TAKE NOTICE that on Tuesday, August 2, 2011, the Receiver, via the Clerk of Court for the United States District Court for the District of Minnesota, mailed checks to 710 claimants for their pro rata shares of the Receiver's Second Interim Distribution that was approved by the Court on July 22, 2011, totaling $1,027,729.04.

The first interim distribution mailing of victim restitution checks will be assembled next week and put in the mail on November 12, 2010 for all victims in the Trevor Cook case. Identified victims may expect to receive checks starting the week of November 15, 2010.

Currently pending before Chief Judge Michael J. Davis are two related cases: S.E.C. v. Trevor Cook et al., Civ. No. 09-333 and C.F.T.C. v. Trevor Cook d/b/a Crown Forex, LLC et al., Civ. No. 09-3332. In both cases, Trevor Cook and Patrick Kiley, along with many business entities owned and/or controlled by Cook and Kiley, are charged with conducting a fraudulent investment scheme that has taken in approximately $190 million from at least 1,000 victims. The Defendants allegedly represented to these investors that they were involved in a foreign currency trading venture by which the investors could earn annual returns of 10% to 12%. The Defendants further represented that each investors’ funds would be kept in segregated accounts and that their funds could be withdrawn at any time. Instead, the Defendants are alleged to have pooled the investor funds they obtained, and diverted approximately $51 million to pay ostensible returns and principal to other investors or misappropriated the funds for their own personal use, or used the funds for trading in foreign currencies that involved significant risks. At least $48 million was lost in this trading.

Both the SEC and the CFTC moved for preliminary injunctive relief by which to freeze assets of the Defendants and to enjoin the Defendants from further engaging in wrongful trading. The Court granted the motions for injunctive relief, and as part of these orders, the Court appointed a Receiver in order to locate and preserve assets for later distribution to the investor victims. The Receiver, with the Court’s permission, has established a website as a resource of information as to case updates and as a means for investor/victims to provide information to the Receiver. The following link is the Receiver website. To contact the Cook Kiley Receivership, please call 877-316-6129 or 612-436-9664, or via email.