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11/20/2007

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This website is the source for current information regarding the activities of James A. Knauer, the Receiver appointed by the United States District Court for the Southern District of Indiana (the "Court") for James R. Harrold, Franklin Management and Consulting, LLC, Accipter, LLC, Franklin Asset Management and Consulting, LLC, Franklin Management and Consulting, Inc., and Concord Development Group, LLC, (all of the entities named at the bottom of this page being hereafter referred to as the "Companies") to marshal, conserve, protect and prevent the dissipation or concealment of or to preserve any funds, assets, property or interests in funds, assets or property of the Companies. Mr. Knauer was appointed as Receiver on the 19th day of October, 2001, upon the agreement of the United States Securities Exchange Commission (the "SEC") and defendant James Harrold in an action brought to enjoin the sale of securities by the Mr. Harrold and the Companies. The SEC alleges that the Defendants conducted a "Ponzi Scheme." For detailed information on the allegations of the SEC that a "Ponzi Scheme" was conducted by the Companies, it is suggested that you view Complaint; September 7, 2001.

The other names on this website are business names that have been used from the offices of the Companies at various times. If you transacted business with any of the below named businesses and are owed money by them, you may be a creditor of the Companies. In the event of a liquidation of the Companies, it is likely (but not yet certain) that all of the above named businesses will be treated as one.

Typically, the function of a receiver in cases such as this, upon further order of the court, is to determine the correct amount of each creditor's claim, convert the assets of the receivership to cash and distribute the proceeds to the receivership creditors. The Receiver anticipates seeking such orders of the Court in this action.

The receivership is believed to include over 400 investors owed in excess of $4,000,000.00. Given the large number of investors, the primary purpose of this website is to provide information to the investors about the status of the case and related legal proceedings.