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This website has been set up by Michael I. Goldberg as the court-appointed Receiver for Worldwide Entertainment, Inc., et al. This website will be updated often to keep creditors informed of the progress of the receivership.
Message from the Receiver
Michael I. Goldberg, is the Court Appointed Receiver for Worldwide Entertainment, Inc., The Entertainment Group Fund, Inc., American Enterprises, Inc. and Entertainment Funds, Inc. (collectively, “Receivership Entities”) in the case styled Securities & Exchange Commission vs. Worldwide Entertainment, Inc., et al., Case No.: 06-20975-CIV-HUCK (the “Receivership Case”). The following is a brief update on the status of the Receivership Case.
The Receiver has made three distributions to date of approximately $35 million to eligible creditors representing a 21.37% return of their principal investment(s).1 Please refer to the Receiver’s latest status report regarding potential future distributions.
Investors are continuously urged to keep their contact information with the Receiver’s office current. If you need to update your contact information, please complete the Change of Address Form found under the “Forms” tab of this website and submit it to the Receiver in accordance with the instructions on the form. For any other questions regarding this matter, please contact the Receiver’s office by calling (800) 223-2234.
If you wish to update your contact information, please click here
Michael I. Goldberg, Receiver
Worldwide Entertainment, Inc., et al.
c/o Akerman Senterfitt
350 East Las Olas Boulevard
Fort Lauderdale, FL 33301
Electronic mail: General Information: email@example.com
Most Recent Updates:
March 3, 2020 Receiver’s Fourteenth Report on the Condition of the Receivership Entities
May 19, 2017 Receiver’s Thirteenth Report on the Condition of the Receivership Entities
JUDGMENT as to John J. Utsick. Counts 1, 1s-6s, 2-3, 8s-9s are Dismissed; Count 7, Imprisonment: 220 Months. Supervised Release: 3 Years. Assessment: $100.00. Restitution: $169,177,338.00.
June 10, 2016 Plea Agreement between the United States of America and John Utsick
June 18, 2015 Notice of Filing Receiver’s Twelfth Report on the Condition of the Receivership Entities
November 30, 2010 Superseding Indictment of John P. Utsick
April 6, 2010 Indictment of John P. Utsick
October 14, 2013 Receiver’s Motion for Authority to Retain Real Estate Broker to Market Real Property for Sale and Incorporated Memorandum of Law
October 4, 2013 Receiver’s Eleventh Report on the Condition of the Receivership Entities
October 25, 2011 Receiver’s Second Amended Tenth Report On The Condition of the Receivership Entities
October 29, 2010 Receiver’s Motion For Authorization To Make Second Interim Distribution To Creditors
September 29, 2010 Notice of Filing and Michael I. Goldberg’s Ninth Report Concerning the Condition of the Entertainment Group Fund, Worldwide Entertainment Inc. American Enterprises Inc. and Entertainment Funds Inc.
August 31, 2010 Order Granting Receiver’s Motion to Approve Settlement
April 9, 2010 John P. Utsick Appeal Judgment
December 8, 2009 Receiver’s 8th Report on the Condition of Worldwide Entertainment
July 29, 2009 Notice of Appeal
May 22, 2009 Final Judgment Setting Disgorgement and Prejudgment Interest and Imposing a Civil Penalty Against Defendant John P. Utsick
May 19, 2009 Findings of Fact, Conclusions of Law and Final Judgment Ordering Disgorgement, Prejudgment Interest, and a Civil Penalty Against Defendant John P. Utsick
April 17, 2006 Complaint for Injunctive and Other Relief
May 18, 2009 Omnibus Order (Paris Hilton)
1. For eligible creditors with IRA investments, please be advised that your distribution check has been mailed directly to your IRA custodian unless you have directed our office otherwise. If you have a change in your IRA custodian at any time, you need to notify our office in writing of same. Please contact my office at (800) 223-2234 for further instructions.
2. This percentage takes into account both pre and post receivership distributions for some eligible creditors due to the “rising tide” method of calculating claims in this case. For more information on the “rising tide” theory, please refer to the FAQS section of this website.
Jack Utsick Sentenced to 220 Months
John P. (Jack) Utsick was extradited from Brazil on December 6, 2014, and was taken into custody on December 7, 2014 by the U.S. Marshall’s Service and transported to Miami, Florida. On June 10, 2016, Mr. Utsick plead guilty to Count 7 of the Superseding Indictment for mail fraud. On October 11, 2016, the Court entered a Judgment against Mr. Utsick sentencing him to federal prison for 220 months and ordered that he pay restitution in the amount of $169,177,338.
SPECIAL NOTICE TO INVESTORS FROM THE COURT
PLEASE DO NOT WRITE LETTERS OR CALL THE JUDGE, HIS LAW CLERKS, OR JUDICIAL ASSISTANTS REGARDING THIS CASE. THE JUDGE WILL NOT READ OR CONSIDER ANY EX-PARTE COMMUNICATIONS FROM INVESTORS. THERE ARE SPECIFIC RULES GOVERNING THE FILING OF DOCUMENTS WITH THE COURT THAT MUST BE FOLLOWED. IF YOU INSIST ON SENDING COMMUNICATIONS TO THE COURT, PLEASE CONSULT A LAWYER FOR THE PROPER PROCEDURE.
ANY QUESTIONS OR CONCERNS REGARDING THIS POLICY OR OTHER GENERAL CASE INFORMATION, SHOULD BE DIRECTED TO THE RECEIVER’S OFFICE BY CALLING (800) 223-2234, VIA E-MAIL AT WORLDWIDE@AKERMAN.COM, OR IN WRITING TO MICHAEL I. GOLDBERG, RECEIVER, 350 EAST LAS OLAS BLVD., SUITE 1600, FT. LAUDERDALE, FL 33301-2229.
Last Updated on Monday, March 30, 2020