RECEIVER, KEVIN DOOLEY KENT’S THIRD WRITTEN REPORT AND MOTION FOR APPROVAL OF THIRD INTERIM FEE APPLICATION - FOR THE PERIOD JANUARY 1, 2025 THROUGH FEBRUARY 28, 2025

Sep 16, 2026

Third written report and motion seeking court approval of a third interim fee application for the receivership period January 1, 2025 through February 28, 2025. The submission outlines the receiver’s background appointment, the investigation and control over receivership assets and data, and coordination with financial institutions, payment processors, and document and social media preservation. It also summarizes management, analysis, and shutdown of business operations, accounting and tax matters, potential liabilities, and current and prior billings, concluding with a request for compensation.

LanguageEnglish

CategoryLetters

FormatPDF

Pages95

Reading Time33 min

AccessFree to download

INTRODUCTION

BACKGROUND OF APPOINTMENT

INVESTIGATION AND CONTROL OVER ASSETS AND DATA OF RECEIVERSHIP ENTITIES

Notice of TRO Order/Stipulated PI and Requests for Information/Documentation and/or Compliance with TRO Order/Stipulated PI

Receivership Bank Account

Additional Receivership Assets

Status of Disputes with Payment Processors, Credit Cards, and Financial Institutions

Control Over and Preservation of Documents and EEB Social Media

Investigation of Potential Assets

MANAGEMENT, ANALYSIS, AND SHUTDOWN OF EEB BUSINESS OPERATIONS

Consumer Outreach

EEB Website and Receivership Website

Management of EEB Business Operations and Storefunnels

Shutdown and Transition of Storefunnels to Simvoly

Accounting and Tax-Related Matters

Corporate Transparency Act

ASSETS, EXPENSES, AND LIABILITIES OF THE RECEIVERSHIP ESTATE

Assets

Expenses

Potential Liabilities

CURRENT AND PREVIOUS BILLINGS

REQUEST FOR COMPENSATION FOR FEES AND EXPENSES

CONCLUSION

Case 2:24-cv-04949-WB Document 72 Filed 04/10/25 Page 1 of 49 IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA : : : Civil Action : : No. 2:24-cv-04949-WB: : : : : : : RECEIVER, KEVIN DOOLEY KENT’S THIRD WRITTEN REPORT AND MOTION FOR APPROVAL OF THIRD INTERIM FEE APPLICATION WITH INCORPORATED MEMORANDUM OF LAW FOR THE PERIOD JANUARY 1, 2025 THROUGH FEBRUARY 28, 2025 CLARK HILL PLC Robin S. Weiss, Esquire Vanessa L. Huber, Esquire Two Commerce Square 2001 Market Street, Suite 2620 Philadelphia, PA 19103 Phone: (215) 640-8500 Fax: (215) 640-8501 [rsweiss@clarkhill.com](rsweiss@clarkhill.com) [vhuber@clarkhill.com](vhuber@clarkhill.com) Attorneys for Receiver, Kevin Dooley Kent Date: April 10, 2025 Case 2:24-cv-04949-WB Document 72 Filed 04/10/25 Page 2 of 49 TABLE OF CONTENTS I. INTRODUCTION .............................................................................................................. 1 II. BACKGROUND OF APPOINTMENT ............................................................................. 3 III. INVESTIGATION AND CONTROL OVER ASSETS AND DATA OF RECEIVERSHIP ENTITIES .............................................................................................. 6 A. Notice of TRO Order/Stipulated PI and Requests for Information/ Documentation and/or Compliance with TRO Order/Stipulated PI ....................... 6 B. Receivership Bank Account.................................................................................... 7 C. Additional Receivership Assets .............................................................................. 8 1. Empire Partner TD Bank Account .............................................................. 8 2. Empire Partner PayPal Account.................................................................. 9 3. EEB Charles Schwab Account.................................................................... 9 4. Storefunnels Stripe Account ....................................................................... 9 5. Empire Realty Holdings LLC ................................................................... 10 6. Safe Deposit Box ...................................................................................... 12 D. Status of Disputes with Payment Processors, Credit Cards, and Financial Institutions............................................................................................................. 13 1. American Express ..................................................................................... 13 2. Payment Processors .................................................................................. 14 3. Charles Schwab......................................................................................... 19 E. Control Over and Preservation of Documents and EEB Social Media ................ 20 F. Investigation of Potential Assets ........................................................................... 22 IV. MANAGEMENT, ANALYSIS, AND SHUTDOWN OF EEB BUSINESS OPERATIONS.................................................................................................................. 23 A. Consumer Outreach .............................................................................................. 23 B. EEB Website and Receivership Website .............................................................. 25 C. Management ofEEB Business Operations and Storefunnels ............................... 26 Case 2:24-cv-04949-WB Document 72 Filed 04/10/25 Page 3 of 49 D. Shutdown and Transition of Storefunnels to Simvoly .......................................... 26 E. Accounting and Tax-Related Matters ................................................................... 30 F. Corporate Transparency Act ................................................................................. 31 V. ASSETS, EXPENSES, AND LIABILITIES OF THE RECEIV

FAQs

What is the document’s purpose for the court?

It presents the receiver’s third written report and a motion requesting approval of a third interim fee application covering a defined receivership period.

What period does the third interim fee application cover?

It covers January 1, 2025 through February 28, 2025.

What receivership topics are covered in the report?

The report covers asset and data investigation and control, business management and shutdown activities, accounting and tax-related matters, potential liabilities, and current and previous billings.

Sep 16, 2026

Upload by Theodora