RECEIVER’S EX PARTE EMERGENCY MOTION TO EXPAND THE RECEIVERSHIP AND ASSET FREEZE AGAINST THE WAMMEL DEFENDANTS - FOR TEMPORARY RESTRAINING ORDER AND PRELIMINARY INJUNCTION

Sep 16, 2026

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The Court-appointed Receiver for Thurman P. Bryant, III and Bryant United Capital Funding, Inc. moves ex parte to expand the receivership and impose an asset freeze against the Wammel Defendants. The motion argues the Wammel Defendants participated in securities fraud through interlocking, symbiotic Ponzi schemes and are affiliated with the Receivership Defendants, making it impossible to unwind one without also unwinding the other. It seeks a temporary restraining order and preliminary injunction and requests that specific Wammel entities be placed into receivership and subject to the freeze.

LanguageEnglish

CategoryLetters

FormatPDF

Pages67

Reading Time23 min

AccessFree to download

Introduction

Requested Relief and Asset Freeze

Supporting Evidence for Wammel Defendants’ Involvement

Case 4:17-cv-00336-ALM Document 44 (Ex Parte) Filed 07/19/17 Page 1 of 33 PageID \#: 685 IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF TEXAS SHERMAN DIVISION SECURITIES AND EXCHANGE COMMISSION Plaintiff, v. THURMAN P. BRYANT, III and BRYANT UNITED CAPITAL FUNDING, INC. Defendants, And ARTHUR F. WAMMEL, WAMMEL GROUP, LLC, THURMAN P. BRYANT, JR., CARLOS GOODSPEED a/k/a SEAN PHILLIPS d/b/a TOP AGENT ENTERTAINMENT d/b/a/ MR. TOP AGENT ENTERTAINMENT Relief Defendants. §§ §§ §§ §§ §§ §§ §§ §§ §§ §§ §§ Case 04:17-CV-00336-ALM RECEIVER’S EX PARTE EMERGENCY MOTION TO EXPAND THE RECEIVERSHIP AND ASSET FREEZE AGAINST THE WAMMEL DEFENDANTS, FOR TEMPORARY RESTRAINING ORDER, AND FOR PRELIMINARY INJUNCTION Jennifer Ecklund, the Court-appointed Receiver (the “Receiver”) for Thurman P. Bryant, III and Bryant United Capital Funding, Inc. (collectively, the “Defendants”) receivership estates (together, the “Receivership Estate” or the “Receivership”) in the above-captioned case (the“Case”), by and through undersigned counsel, hereby files this Ex Parte Emergency Motion to Expand the Receivership and Asset Freeze Against the Wammel Defendants, for Temporary Restraining Order, and for Preliminary Injunction and Brief in Support (the “Motion”) . RECEIVER’S EX PARTE EMERGENCY MOTION TO EXPAND THE RECEIVERSHIP PAGE 1 AND ASSET FREEZE AGAINST THE WAMMEL DEFENDANTS, FOR TEMPORARY RESTRAINING ORDER, AND FOR PRELIMINARY INJUNCTION 524662 000002 19578491.7 Case 4:17-cv-00336-ALM Document 44 (Ex Parte) Filed 07/19/17 Page 2 of 33 PageID \#: 686 I. INTRODUCTION Finding that there was good cause to believe that they had committed securities fraud, this Court imposed a receivership over Thurman P. Bryant, III and Bryant United Capital Funding, Inc. (“BUCF”) (collectively, Bryant and BUCF, the “Receivership Defendants”) . The Receivership Defendants, however, used and worked in concert with a number of other entities and parties to effectuate the fraud. The Receivership Defendants and the Wammel Defendants (defined below) created interlocking Ponzi schemes that were symbiotic in nature—using the investors from one Ponzi scheme to pay off the other Ponzi scheme investors. Although BUCF and the Wammel Group have different investors, due to the interdependent nature of the Ponzi schemes created by the Receivership Defendants and the Wammel Defendants, the Receiver cannot unwind one without also unwinding the other. The level of interaction between the Receivership Defendants and the Wammel Defendants requires that the Wammel Defendantsnow be included. The Receiver moves the Court to expand the Receivership so that the following areplaced in receivership and made subject to the asset freeze: 􀁸 Relief Defendant Arthur F. Wammel (“Wammel”); 􀁸 Wammel Group Holdings Partnership (“WGHP”); and 􀁸 Wammel Group, LLC (the “Wammel Group,” together with Wammel and WGHP, the “Wammel Defendants”) . As more fully set forth in this Motion, the Receiver’s Ex Parte Emergency Motion should be granted because (1) the Wammel Defendants participated in the fraud with the Receivership RECEIVER’S EX PARTE EMERGENCY MOTION TO EXPAND THE RECEIVERSHIP PAGE 2 AND ASSET FREEZE AGAINST THE WAMMEL DEFENDANTS, FOR TEMPORARY RESTRAINING ORDER, AND FOR PRELIMINARY INJUNCTION 524662 000002 19578491.7 Case 4:17-cv-00336-ALM Document 44 (Ex Parte) Filed 07/19/17 Page 3 of 33 PageID \#: 687 Defendants, and (2) the Wammel Defendants are affiliated with the Receivership Defendants. Supporting evidence includes the following: 􀁸 The Receivership Defendants and the Wammel Defendants were intertwined. The Receivership Defendants and the Wammel Defendants created a virtual spider’s web of interlocking entities that they utilized in connection with the investment scheme out of which this case arises. 􀁸 The Wammel Defendants received significant transfers from the Receivership Defendants. The

FAQs

What relief does the Receiver request in the motion?

The Receiver asks the Court to expand the receivership and extend an asset freeze to the Wammel Defendants, and to grant a temporary restraining order and a preliminary injunction.

Why does the Receiver seek to include the Wammel Defendants in the receivership?

The motion asserts that interdependent, interlocking Ponzi schemes connect the Receivership Defendants and the Wammel Defendants, so unwinding one requires unwinding the other.

What supporting evidence is cited to show the Wammel Defendants’ involvement?

The motion cites intertwined entities, significant transfers from the Receivership Defendants, commingling of investor funds, dissipation of assets, personal benefit by Wammel, falsified documents, and alleged violations of the Receivership Order and TRO.

Sep 16, 2026

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