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    0 1 / 1 3 / 2 0 0 9 1 5 : 3 1 FAX 21-2 336 1319-- US SECUR IT I ES & COhIN

    including, but not limited to, a verified written accounting of Defendant'sinterests in Dreier LLP and all other entities owned, in whole or in part, orcontrolled by, related to, or associated or affiliated with Dehdant,including, but not Limited to, Schlesinger Gannon& Lazetera LLP, BerryBlock & Bernstein LLC, Dreier LLP (Stamford, CT), Dreier LLP(Pittsburgh, PA), Pitta & Dreier LLP, Pitta Bishop, Dcl Giorno & DreierLLP, Dreier SteinKahan Browne Woods George LLP, Mason Miller,LLP, Entertainment Strategies Group, Dreier Sports Opportunities GroupLLC (the "Affiliated Entities"), a verified written accounting of theamounts deposited by or at the direction of the Defendant in andwithdrawn by or at the direction of Defendant h m he am un ts of theDreier LLP and theAthliated Entities; and a verified written accounting ofthe disposition of dl h d s aised fiom investors through he conductdescribed in the C o d i o n ' s complaint as well as through anytransactions not spe&caIly i d d e d n the complaint;

    c. freezing the assets of the Defendant, including the Defendant's interests inDreier LLP and the AfEhted Entities;

    d. appointingMark Pomerantz as receiver for the Defendant's assets,including the Defhdmt's interests in Dreier LLP and the m a t e dEntities;

    e. prohibiting the destruction, concealment, or alteration of documentsbyDefendant; and

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    0 1 / 1 3 / 2 0 0 9 1 5 : 3 1 !'AS 212 336 1319-- US SECURITIES & COMME preliminarily enjoining Defendant, Dreier LLP, and any of the Affiliated

    Entities, and their partners, agents, employees, attorneys, or otherprofissionals, anyone acting in concert with thew and any third party fromf k g a banlrmptcyp rod ing againsttheDefendant, Dreier LLP, or anyof the Affiliated Entities without filing a motion on at least three (3) days'notice to the Plains and approval of this Court after a hearing; and

    2. pending adjudication of the foregoing, an Ordera temporarily restraining Defendant from violating the Arementioned

    statutes and rules;b. directing the Defendant to provide a verified accounting immediately,

    including,but not limited to, a v&ed written accounting of Defendant'sinterests in Dreier LLP and the B a t e d Entities, and a verified writtenaccounting of the amounts deposited by or at the direction of theDefendant in and withdrawn by or at the direction of D efdan t h m heaccounts of Dreier LLP and the A%ted Entities, and a v d e d writtenaccounting of the disposition of all funds raised h m nvestors through theconduct described in the Commission's complaint as well as through anytransactions not specifically identified in the complaint;

    c. freezing the assets of the Defendant, including the Defendant's interests inDreier LLP and them t e d Entities;

    d. appointing a receiver for the Defendant's assets, including the Defendant'sinterests in Dreier LLP and the A5iliated Entities;

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    e. prohibiting the destruction, concealment, or alteration of documents byDefendant,

    f temporarily enjoining Defendant, Dreier LLP, and any of the A w e dEntities, and their partners, agents, employees, attorneys, or otherprofessionals, anyone acting in concert with them, and any third party ffomfiling a bankruptcy proceeding against the Defendant, Dreier LLP or any ofthe A%ted Entities without & n ga motion on at least three (3) days'notice to the Plaintie and approvd of this Court after a hearing; and

    g. pr owkg that the Commission may take expedited discovay in preparationfor a hearing on thisOrder to Show Cause, and fUrtherproviding the orderexpediting discovery that will remain in place beyond any hearing on theCommission's application for preliminary injunctions; and

    WHEREAS, on December 10,2008, the Court issued a written order granting thetemporary relief set forth above and, on consent of Plaintfland Defendant, scheduling the hearingon Plaintiffs application for a Preluninary Injunction for January 21,2009 (the "December 10Order");

    WHEREAS, on December 29,2008, in United States v. _ Dr e hM-18981 (S.D.N.Y.), theOfficeofthe United States Attorneyhr he Southern District of New York ('USAO") filed a ten-day restraining order on Defendant's assets and seizure warrants concerning certain of thoseassets (the 'RestraiuingOrder");

    WHEREAS, on January 12,2009, the USAO obtained the attached consent Order inUnited States v. Dreier, M-18981 (S.D.N.Y.), continuing the Restraining Order an additional

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    0 1 / 1 3 / 2 0 0 9 1 5 : 3 2 F,IS 2 1 2 3 3 6 1 3 1 9 US SI icLrKI ' r IE S & CODIM

    forty-five days and fUrtherordering the United States Marshal's Service ('USMS') to take certainactions concerning certain enumerated assets subject to the Restraining Order (the "ConsentOrder");

    IT IS HEREBY STIPULATED, AGREED, AND ORDERED that, subject to theexceptions set forthbelow, the temporary relief granted by the December 10 Order is herebyconverted to preliminary mjunctive relief, is incorporated into this Preliminaty Injunction Order asif W y set krthherein, and shall continue in place through the resolution of this case, unlessotherwise ordered by this Court.

    IT IS HEREBY FURTHER STIPULATED, AGREED AND ORDERED that, the assettieeze set forth at ParagraphVII of the December 10Order, incorporated herein, is hereby liffedas to the assets authorized to be se~zedy the USMS in the attached Consent Order.

    IT IS HEREBY FURTHER STIPULATED, AGREED AND ORDERED that,Defendant's time to provide the sworn accounting required by Paragraph VIII of the December10 Order, incorporated herein, is hereby extended to pennit Defendant to file the swornacmunting no laterthan ten business days following the Receiver's submission of the reportreferenced at ParagraphX(g) of the December 10 Order.

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    01/13/200!-15:3? FAX 212 336 1 3 1 t l U S SECURlTIES & CUM11

    Dated:New York, New YorkJanuary 13,2009

    SECURITIESAND EXCHANGE LAW OFFICES OF GERALD L. SHARGELCOMMISSION

    By:3 world Financial CenterNew York, NY 10281(212) 336-0106Attorney for Plaintiff

    Mark F. Pomerantz

    By: Roberto FinziPaul,Weiss, Ri&ind, Wharton & Garrison LLP1285 Avenue o f the AmericasNew York, N.Y . 1001 9-606 4(212) 373-3311Attorneys %r Receiver Mark F. Pomerantz

    By:570 L exington Avenue45Ih FloorNe w York, NY 10022(212) 446-2323Attorney for Defendant Marc S . Dreier

    SO ORDERED:

    UNITED STATES DISTRICT JUDGE

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    0 1 / 1 3 / 2 0 0 9 1 5 : 3 2 F h I 212 336 1319--- - LIS SECURITIES & COhlh1Dated:New York, New YorkJanuary 13.2009SECURITIES AND EXCHANGECOMMISSION LAW OFFICES OF GERALD L. SHARGEL

    3World Financial CenterNew York, NY I0281(212) 336-0106

    Attorney for Plaintiff

    MarkF. Pornerana

    By: Roberto FinziPaul, Weiss. Rifkind, Wharton & Ganison U P1285 Avenue of the AmericasNew York. N.Y. 10019-6064(212) 373-3311Attorneys for Receiver Mark F. Pomerantz

    SO ORDERED:

    570 Lexington Avenue45" FloorNew York, NY 10022(212) 446-2323Attorney for Defendant Marc S.Dreier

    UNlTED STATES DLSTRICT JUDGE

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    Dated: New York, New YorkJanuary 13,2009

    SECURITIES AND EXCHANGECOMMISSIONLAW OFFICES OF GERALD L. SHARGEL

    By: By:Jack Kaufman GeraldL. Shargel3 World Financial Center 570 Lexington AvenueNew York, NY 10281 45 Floor(212) 336-0106 New York. NY 10022(212) 446-2323Attorney for Plaintiff

    Attorney for DefendantMarc S. Dreier

    Mark F. Pomerantz

    By:Paul, Weiss. Rjfkind, Wharton & Garrison LLP1285 Avenue of the AmericasNew Y o 4 N.Y. 10019-6064(212) 373-331 1Attorneys for Receiver Mark F. Pomerantz

    SO ORDERED:

    I 6EiZriSTATES DISTRICT n j l j ~ ~

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    0 1 / 1 3 / 2 0 0 9- 1 5 : 3 2 FAX 2 1 2 3 3 b 13111 ITS SECURITIES & COMM

    UNITED STATES DISTRICT COURTSOUTHERN DISTRICT OF NEW YORK- - - - - - - - - - - - - - XUNITED STATES O F AMERICA CONSENT ORDER FOR E X T E N S I ~ ;

    ..I. . OF PRE-INDICTMENT RESTRAINING- v . - ORDER AND SEIZURE OF PROPERTYPURSUANT TO 1 8 U.S .C.. 5MARC DREIER, 982 ( b ) (1) AND i . .

    ! 2 1 U . S . C . 55 8 5 3 ( e ) & ( 1D e f e n d a n t .- - - - - - - - - - - - - - X

    WHEREAS, on o r abo ut December 24 , 2008, the H o n o r a b l e J e dS. Rakoff, s i t t i n g i n P a r t I , e n t e r e d a t e m p or a ry , p r e - i n d i c t m e n tr e s t r a i n i n g o r d e r ( t h e "T em po rary R e s t r a i n i n g O r d er , " a t t a c h e dh e r e t o a s E x h i b i t A ) , upon an e x p a r t e a p p l i c a t i o n b y t h e U n it e dS t a t e s ;

    WRERIWS, t h e p a r t i e s s t i p u l a t e an d a g r e e t h a t a ne x t e n s i o n of t h e T em po ra ry R e s t r a i n i n g O r d e r i s n e c e s s a r y t op r ev e n t t h e d e t e r i o r a t i o n o f t h e p r o p e r t i e s , i d e n t i f i e d i nS c h e d u l e A o f t h e T em po ra ry R e s t r a i n i n g O r d e r , b e f o r e t h e

    : c o n c lu s i o n of t h e c r i m i n a l c a s e , U ni te d S t a t e s v . M ar c D r e i e r , 08ssi Mag. 2676 (S.D,N.Y. Dec. 4 , 2 00 8) ( t h e ' C ri m in a l A c t i o n " ) ;' $ NOW, THEREFORE, IT I S BEREBY ORDERED t h a t :l 1 . T he T em p or ar y R e s t r a i n i n g O r d e r e n t e r e d o n Decem bert m 24 , 2008, s h a l l c o n t i n u e i n f u l l f o r c e and e f f e c t f o r a n a d d i t i o n a l

    -45 da y s , w i t h t h e f o l l o w i n g e x c e p t i o n s :

    a . T he U n i t e d S t a t e s M a r s h al s S e r v i c e ( t h e "USMS") o ri t s d e s i g ne e s h a l l s e i z e , l i q u i d a t e , a n d t r a n s f e r t o t h e Se iz ed

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    01/13'?009 15:32 FA\ 212 336 1319- pp L S SECURITIES & COIlM

    Asset Fund, the contents of the following accounts (the "SeizedFunds") :

    (1) Any and all funds in Account No. 2000029760358held at Wachovia Bank in the name of MEAProperties LLC;(2) Any and all funds in Account No. 1010081258695held at Wachovia Bank in the name of Marc S.Dreier;(3) Any and all funds in Account No. 036502230065held at JP Morgan Chase in the name of FourWinds Holdings;(4) Any and all funds in Account No. 112735798held at City National Bank in the name of MarcS. Dreier.~

    b. The USMS shall seize the artworks listed in ScheduleA of the Temporary Restraining Order, 1tems 22 through 172 (the"Seized Artworks") .

    c. The USMS shall seize the following real properties(the "Seized Real Properties") :

    (1) Real property and appurtenances known as 111Dune Road, East Quogue, New York 11942;(2) Real property and appurtenances known as 109Dune Road, East Quogue, New York 11942;( 3 ) Real property and appurtenances known as 9Clearview Drive, Sag Harbor, New York 11963;( 4 ) Real property and appurtenances known as 27Meadow Lane, West Hampton, New York 11977.

    2. The USMS shallmaintain custody of the Seized Funds,the Seized Artworks, and the Seized Real Properties (collectively,the "seized Properties") pending resolution of the Criminal Action.

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    0 l i 1 3 / 2 0 0 9 1 5 : 3 3 FA 9 2 1 2 3 3 6 1 3 1 9--- U S SECIIRITTES & COMMTh e USMS s h a l l h av e a u t h o r i t y t o t a k e w h a te v er S t e p s a r e n e c e s s a r yt o p r e se r v e t h e v a l u e o f t h e S e i z e d P r o p e r t i e s t o ensure t h e i ra v a i l a b i l i t y f o r f o r f e i t u r e , i n c l u d i n g c ha ng in g t h e l o ck s on t h eS e i z e d R e al P r o p e r t i e s .

    3 . N e i t h e r t h e U n it e d S t a t e s n or Marc Dreier waive anya r gu m e nt s o r d e f e n s e s t h a t t h e y may h av e w i t h r e s p e c t t o t h ef o r f e i t a b i l i t y o f t h e S e i z e d P r o p e r t i e s .Da t ed : N e w York, New York

    J a n u a r y a, 009A g re e d a n d c o n s e n t e d t o :LEV L. DASSINA c t i n g U n it ed S t a t e s A t t o r n e y f o r t h eS o u t h e r n D i s t r i c t of New YorkA t to r ne y f o r P l a i n t i f f

    By: -SHARON COHEN LEVIN \ / I wo r tDATEANNA E . ARREOLAA s s i s t a n t U n i te d S t a t e s A t t or n e y sOne S t . Andrew 's Pla z aN e w Yo rk , New York 100 07( 2 1 2 ) 637-1060/2218

    By: GEM. SH A RG E L , E SQ . / 1 1HDATEATTORNEY FOR MARC DREIER570 Lex ing ton Avenue , 4 SChF l o o rNew York, N e w York 10022

    SO ORDERED:

    TED STATES DISTRICT JUDGE

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    01/14/2009 1 1 : 1 4 F.A.1 2 1 2 336 1319 US SECURI TIES & COlM

    EXHIBIT A

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    0 1 / 1 4 / 2 0 0 9 1 1 : 1 4 F A T 2 1 2 3 3 6 1 3 1 9 [IS SECURITIES & COlM B O O 3

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