The SEC has secured Certificate of Default against John and Jonatina Barksdale.

Following personal service on John Barksdale on June 20th and service via email on Jonatina on June 30th, response deadlines kicked in for July 11th and July 21st respectively.

As of August 2022 neither Barksdale had responded to the SEC’s lawsuit, prompting the regulator to file for a Clerk’s Certificate of Default on August 10th.

A Certificate of Default is the first step towards obtaining default judgment.

The court clerk recorded a Certificate of Default against the Barksdales on August 18th.

After a Certificate of Default has been granted, next is an Entry of Default, followed by a Motion for Default Judgment.

The SEC is pursuing the Barksdales as operators of the
Ormeus Global
. The SEC alleges Ormeus Global was a
$124 million dollar Ponzi scheme
.

Jonatina Barksdale’s current status is unknown. Earlier this year she was believed to be in either Thailand or Hong Kong.

Whether JonAtina has fled elsewhere is unclear. John Barksdale has
fled to Dubai
.

In addition to the SEC’s civil suit, John Barksdale has been
indicted on wire and securities fraud charges
. He remains a wanted fugitive.

🤖 Quick Answer

What is a Certificate of Default in SEC enforcement actions?
A Certificate of Default is a formal court document issued when a defendant fails to respond to legal proceedings within the required timeframe. It represents the initial procedural step toward obtaining a default judgment, indicating the defendant's non-compliance with court-ordered response deadlines in regulatory litigation.

What are the procedural steps following a Certificate of Default?
After the court clerk records a Certificate of Default, the sequential process continues with an Entry of Default, formally acknowledging the defendant's failure to respond. Subsequently, the plaintiff files a Motion for Default Judgment, requesting the court to render judgment against the non-responsive defendant without requiring a trial.

What triggered the SEC's Certificate of Default against the Barksdales?
John and Jonatina Barksdale failed to respond to the SEC's lawsuit within their respective response deadlines of July 11th and July 21st,

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