James D. Sallah
Court Appointed Receiver

Jeffrey L. Cox, Esq.
Counsel for the Receiver

Sallah Astarita & Cox, LLC
Attorneys at Law
Telephone: (561) 989-9080

Latest News

January, 11 2017

Receiver files Fifth Report with the Court, which is available here.

December, 7 2016

The Receiver is pleased to announce that he has obtained a declaratory judgment against Damon and Cathy Barnes providing him with an lien over assets worth approximately $400,000. As a result of this declaration, the Receiver has had the assets in those accounts transferred to the Receivership Estate without any tax penalties or withholding. A copy of the Declaratory Judgment can be found on this website under "Lawsuits Filed."

September, 19 2016

Receiver files Motion for Summary Judgement and for Declaratory Relief Against Joseph Signore

April 20, 2016

The Receiver is pleased to announce that he has contracted to sell two (2) pieces of real property formerly owned by Craig Hipp, which the Estate obtained during the course of the Receivership. The Receiver is actively seeking qualified overbids in accordance with both applicable law and the terms of the “as is” residential contracts for the sale and purchase of real estate, both of which are available for download here and here. Further, please be advised that the court-approved notices for the sale of these real properties can also be downloaded here and here. All sales are subject to the contract terms, applicable law, and court approval after a public hearing on June 1, 2016 at 1:15 p.m. EDT at the United States District Court located at 701 Clematis Street, Second Floor, Courtroom 7, West Palm Beach, Florida 33401.

March 25, 2016

The Court entered Final Judgments in favor of the Receiver against both Paul and Christine Schumack, joint and severally, in the amount of $5,129,806.94 plus post-judgment interest based on their consents.

January 14, 2016

The Receiver has filed lawsuits in federal court against over 20 profiteers, seeking a return of funds for the Receivership Estate. Those lawsuits may be found in the "Lawsuits Filed" section of this website.

Frequently Asked Questions (Taxes) is available here.

Certain Court Documents

The following documents are in PDF format. Adobe Reader is required to view the PDF's. If you do not have Adobe Acrobat, please click here to download the free Adobe Reader.

  • Complaint for Injunctive and Other Relief against JCS Enterprises, Paul L. Schumack, II, Joseph Signore, T.B.T.I., dated 4/7/2014 (download)
  • Order Granting Temporary Restraining Order and Other Emergency Relief, dated 4/7/2014 (download)
  • Amended Receivership Order, dated 4/7/2014 (download)
  • Order Unsealing Case, dated 4/8/2014 (download)
  • Notice of Appearance by Jeffrey L. Cox on behalf of James D Sallah, dated 4/11/2014 (download)
  • Order Granting Motion to Expand Receivership, dated 4/14/2014 (download)
  • Order Granting Motion to Continue Preliminary Injunction Hearing reset for 4/28/2014 10:00 AM, dated 4/14/14 (download)
  • Consent to Preliminary Injunction by JCS Enterprises, Inc., and T.B.T.I. Inc., dated 4/15/2014 (download)
  • Motion to Stay Lawsuits and Expand Order, dated 04/22/14 (download)
  • Order Granting Preliminary Injunction Against Joseph Signore and Paul Schumack, dated 4/28/14 (download)
  • Motion For An Order Seeking Court Approval To Sell and Assign Certain T.B.T.I. Assets, dated 5/01/14 (download)
  • Motion to Stay Lawsuits Pursuant to the Amended Receivership Order and to Expand Such Stay, dated 5/01/14 (download)
  • Order Granting Approval to Sell and Assign Certain T.B.T.I. Assets, dated 5/2/14 (download)
  • Order Granting Receiver Motion to Stay Lawsuits and to Expand Stay, dated 5/2/14 (download)
  • Indictment of Joseph Signore, Paul Lewis Schumack II, Laura Grande-Signore, and Craig Allen Hipp, dated 5/8/2014 (download)
  • Order Granting Motion to Stay Lawsuit (Class Action), dated 6/16/2014 (download)
  • Order Granting Motion to Stay Civil Proceedings (SEC Case), dated 6/16/2014 (download)
  • First Report of Receiver James D. Sallah, Esq., dated 7/31/2014 (download)
  • Receiver’s Unopposed Motion for an Order Seeking Court Approval to Enter into an Assignment and Assumption Agreement to Transfer Certain Assets from the Schumacks to the Receivership Estate, dated 9/17/14 (download)
  • Assignment and Assumption Agreement, dated 9/17/14 (download)
  • Order Granting Receiver’s Motion for Approval of Assignment and Assumption Agreement, dated 9/19/14 (download)
  • Receiver’s Verified Motion for Entry of an Order Authorizing and Approving the (1) Asset Purchas Agreement, Including the Overbid and Auction Procedures Consisting of a Break-Up Fee and Expense Reimbursement; (2) Form and Manner of Notice of Sale; and (3) Sale of the Receivership Estate’s Assets Free and Clear of Liens, Claims, Encumbrances and Other Interests with Supporting Memorandum of Law, dated 11/24/2014 (download)
  • Order Granting Motion to Expand Receivership to Include JOLA and PSCS Holdings, dated 12/12/2014 (download)
  • Order Granting Motion to Reappoint Receiver, dated 12/15/2014 (download)
  • Order Reappointing Receiver, dated 12/15/2014 (download)
  • Order Granting Motion Authorizing Purchase Agreement, dated 1/6/2015 (download)
  • Second Report of Receiver James D. Sallah, Esq., dated 1/30/2015 (download)
  • Receiver's Unopposed Motion for Leave from Order [DE 188] and to Notify the Court of Buyer's Default Under the Asset Purchase Agreement with Supporting Memorandum of Law, dated 2/18/2015 (download)
  • Proposed Order Canceling Auction, dated 2/18/2015 (download)
  • Order Granting Motion to Cancel Auction, dated 2/19/2015 (download)
  • AS IS Purchase & Sale Contract for Former Schumack Residence, dated 8/14/2015 (download)
  • Motion to Approve Private Sale of Former Schumack Residence, dated 8/14/2015 (download)
  • Order Approving the Sale of Former Schumack Residence, dated 8/21/2015 (download)
  • Notice of Sale, dated 8/26/2015 (download)
  • Notice of Filing Third Report of Receiver James D. Sallah, Esq., dated 10/2/2015 (download)
  • Third Report of Receiver James D. Sallah, Esq., dated 10/2/2015 (download)
  • Assets for Auction, dated 10/16/2015 (download)
  • ORDER granting [228] Motion For Authority to Liquidate Certain Estate Assets, dated 10/14/2015 (download)
  • Order Denying DE 18 Mo' to Dismiss, dated 10/16/2015 (download)
  • DE 292-1 “AS IS Residential Contract For Sale and Purchase Real Estate” for 3049 SW Longleaf Court, Port St. Lucie, Florida 34953 (download)
  • DE 297-1 “AS IS Residential Contract For Sale and Purchase Real Estate” for 3001 SW Longleaf Court, Port St. Lucie, Florida 34953 (download)
  • Notice of Filing Fourth Report of Receiver James D. Sallah, Esq., dated 5/19/2016 (download)
  • Fourth Report of Receiver James D. Sallah, Esq., dated 5/19/2016 (download)
  • Fifth Report of Receiver James D. Sallah, Esq., dated 1/11/2017 (download)