Case Status Report: Operation Wooden Nickel

September 2009: On August 4, 2009, Honorable George B. Daniels, United States District Judge for the Southern District of New York, entered an order preliminarily approving an asset-allocation plan under which former clients of the following entities will receive a pro rata distribution of restrained assets:

First Lexington Group, LLC,
Free Star Capital, Inc.,
ISB Clearing Corporation,
Itradecurrency USA, LLC,
Madison Deane & Associates, Inc.,
Madison Deane Asia Corporation,
New York Capital Assets, Inc.,
Oxford Capital Group LLC and
William, Holbrook & Associates LLC

In late August 2009, the Receiver for the above-referenced entities sent out letters to former clients concerning specifics of the preliminarily approved asset-allocation plan. Former clients will have the opportunity to submit objections to the preliminarily approved asset-allocation plan prior to approval of the final asset-allocation plan.

In the event that you are a former client of the above-referenced entities and as of September 15, 2009 you have not received a communication directly from the Receiver, please contact the Receiver’s law firm, Rosner & Napierala, LLP, at (212) 785-2577.