About the Cook/Kiley and Beckman Receiverships


On June 12, 2012, the jury in the criminal case against Jason Bo-Alan Beckman, Gerald Joseph Durand, and Patrick Joseph Kiley (Case No. 11-cr-228) returned a verdict of guilty as to each Defendant on all charges. On January 3, 2013, Chief Judge Michael J. Davis sentenced Mr. Beckman to 30 years in prison for his role in the scheme, Mr. Durand to 20 years, and Christopher Pettengill (Case No. 11-cr-192) to 7.5 years. On July 15, 2013, Judge Davis sentenced Mr. Kiley to 20 years.  The three Defendants appealed their convictions and on October 8, 2014, the United States Court of Appeals for the Eighth Circuit heard oral argument on their appeals. More information about the criminal cases can be found on the U.S. Attorney's website here.

On November 23, 2009, Chief Judge Michael J. Davis established a Receivership in the cases of United States Securities & Exchange Commission v. Cook et al., 09-cv-3333 (D. Minn.) and United States Commodities Futures Trading Commission v. Cook et al., 09-cv-3332 (D. Minn.). R.J. Zayed, a partner with Dorsey & Whitney, LLP and a former Assistant United States Attorney in the United States District Court for the District of Minnesota, is the appointed Receiver in both actions and Carlson Caspers is representing him in his capacity as Receiver.

On March 8, 2011, Chief Judge Michael J. Davis also appointed R.J. Zayed as a Receiver in the case of United States Securities & Exchange Commission v. Beckman et al., 11-cv-00574 (D. Minn.).

The duties and responsibilities of the Receiver are fully defined in the Court Orders in each case. The Receiver will file periodic Receiver Reports in each case. You can check the Court's Web Site, and the U.S. Attorney's Web Site for more information. You can also view select Court Orders, Receiver Reports, and other filings from the Case Filings page.

For new information please see News & Updates.

If you have questions, concerns or information that will lead to the recovery of investors' assets, please visit the Submit Your Info page of this website or contact the office of the Receiver.

Local: 612-436-9664
Toll free: 877-316-6129
Email: info@cookkileyreceiver.com
U.S. Mail:
Receiver in SEC v. Cook et al., 09-cv-3333, CFTC v. Cook et al., 09-cv-3332
and SEC v. Beckman et al., 11-cv-00574 (D. Minn.)
c/o Carlson Caspers
225 S. 6th St., Ste. 4200
Minneapolis, MN 55402