MJ Capital Funding CEO Consents to Asset Freeze

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The primary defendant in the MJ Capital Funding case agreed to an extended asset freeze, court records show. Her consent is not an admission of guilt to the civil charges. The SEC has already sufficiently demonstrated its strength of prevailing in the case, which is why the judge ordered the companies be placed into receivership from the outset.

The consent order, entered on the 8th, covers 9 bank accounts held at both Wells Fargo and JPMorgan Chase, in addition to ten credit cards. MJ Capital’s CEO agreed to live off of income derived from two unrelated businesses known as MJ Remodeling and MJ Realty to the tune of $72,800 a year combined. That could change, however, if the SEC determines those businesses are also connected with the alleged scheme. $100,000 that was paid to her lawyer in advance will stand and can be used for her legal defense.

The only unusual bank record disclosed in the papers is a purported account at a small cryptocurrency hedge fund.

Nearly 2,900 people have signed an online petition voicing support for MJ Capital accused’s CEO.

The Receiver is providing regular court filing updates at: https://kttlaw.com/mjcapital/

Last modified: September 9, 2021

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