Sann Rodrigues sent to jail for contempt
Following a last-ditch effort to fend off being found in contempt of court, Sanderley Rodrigues proposed the sale of motivational videos and books.
Rodrigues’ plan would see him remit 20% of whatever he made on sales each month, to clear a court-ordered $474,503 remittance to the SEC.
The SEC were not amused, with the regulator labelling Rodrigues’ plan “too little too late” in an objection filing last week.
Following a long weekend, Judge Gorton’s ruling has now been made public.
Filed separately before his decision, Gorton denied Rodrigues’ request to stay the SEC’s contempt proceedings and/or approve his proposed payment plan.
A separate order on January 15th found Rodrigues (right) in contempt as follows:
This court … held Sanderley Rodrigues de Vasconcelos in contempt but deferred the imposition of sanctions to give him an opportunity to purge his content.
(Rodrigues), having failed to comply with the conditions of that order to restore assets dissipated in violation of the asset freeze imposed on him by the temporary restraining order and preliminary injunction, is hereby remanded to the custody of the United States Marshals Service to be incarcerated until further order of the Court.
In a somewhat strange compromise, Gorton has permitted Rodrigues to open a new bank account – exempt from the current asset-freeze in place.
A third order passed by Gorton on January 15th reads:
Mr. Rodrigues will be permitted to open a second bank account in Wells Fargo Bank and deposit income earned from activities unrelated to TelexFree.
He will be allowed to spend, transfer and withdraw money deposited into this bank account. This account is not subject to the preliminary injunction.
What earnings Rodrigues will be making while in jail though, I have no idea.
Stay tuned…
Footnote: Our thanks to Don@ASDUpdates for providing a copy of Judge Gorton’s three January 15th orders.
Update 21st January 2016 – Some clarifications from the SEC press-release:
On December 18, 2015, the judge in the SEC’s civil case held Rodrigues in contempt for violating the terms of the court’s orders by:
1) transferring $233,473 out of his bank accounts;
2) selling a Mercedes Benz CLS;
3) selling a Ferrari F340;
4) transferring three Florida condominiums; and
4) (sic) failing to provide the court-ordered accounting.
The court ordered Rodrigues to return all assets that he had transferred or disposed of in violation of the asset freeze, with a deadline of January 15, 2016.
On January 15, 2016, the Commission notified the court that Rodrigues had failed to comply with the December 18, 2015 order.
On January 15, 2016, the court ordered Rodrigues held in jail until such time as he complies with the court’s December 18, 2015, order.
Looks like Rodrigues is going to remain stuck in jail for the foreseeable future.
not surprising at all that the court rejected rodrigues silly vague repayment plan.
rodrigues will have to stay in jail till he does not pay the entire $474,503 remittance to the SEC. so, he’s gone for a longa longa time.
maybe his wife or some associate will try selling rodrigues videos and bank the money in the freeze exempted bank account, for household expenses and payments to the SEC.
but, selling motivational videos from a guy sitting in jail, wont find a big market IMO.
Sann’s Brazilian minions and associates seem to have erased him completely from their memories.
There’s not a single word anywhere about their once “grand master” second time in jail, not even from those people who had awarded him with some “medal of honor” prior to the great iFreeX fiasco that ended up leading to his prision, after he had escaped from Brazilian police.
Perhaps some hidden money might surface and find itself into the account.
I don’t see how his family can survive from handouts.
He’s not THAT stupid. It’s possible he may hold some GoFundMe or write some “Tell All” book about making money and video. But money?
Feds LOVE tracking money. They are VERY good at it too.
kkkkkkk…. Really! And the worst thing they want is someone that hide the money they don’t find at first.
This thing really piss them off!!! And if you did it, I don’t think it is a good idea to show it!
– will he be able to record videos under prision?
– How will he be able to open bank account from the prision?
Article updated with supplemental information from SEC’s press-release.
Has he actually been take into custody or just a warrant out?
His attorney can do it, or he can grant a power of attorney to someone and they would be able to do it.
Haven’t seen any confirmation of an arrest yet. Rodrigues was under home detention though so it’s not like he’d be able to pull off a Darryle Douglas runner.