Lancer Receivership Information

On July 8, 2003, the Securities and Exchange Commission filed a Complaint for Injunctive and Other Relief (the "SEC Action") against, among other parties, Lancer Management Group, LLC; Lancer Management Group II, LLC; Lancer Offshore, Inc.; Omnifund, Ltd.; LSPV, Inc.; and LSPV, LLC (collectively, the "Receivership Entities") in the United States District Court for the Southern District of Florida (the "District Court"). On July 10, 2003, the District Court appointed Marty Steinberg as the Receiver for the Receivership Entities. Hunton & Williams LLP represents the Receiver. By Order dated September 3, 2003, the District Court expanded the Receivership to include G.H. Associates, LLC and Alpha Omega Group, Inc. as "Receivership Entities."

By Order dated September 30, 2005, the District Court expanded the Receivership to include CLR Associates, LLC as a receivership entity.

We have set up this website to provide you with access to certain pertinent pleadings in the SEC Action and to provide you with periodic updates. If you have any specific questions please call +1 866 285 5897 or click here to send an e-mail. A representative of the Receiver will respond to your questions as soon as possible.

On January 8, 2004, the District Court entered the Case Management Order ("CMO") which, among other things, established April 1, 2004 as the deadline for filing all claims and interests with the Receiver (see Announcements below). The CMO (which is available below under Pertinent Pleadings) also established certain notice and procedures for the Receivership. All interested parties should review the CMO carefully.

To assure proper notice under all circumstances, the CMO requires that a request for service of papers in the SEC action (a "Request for Notice") must be served upon the Receiver and filed with the District Court. The request must include: (a) an address at which all documents may be served by U.S. Mail, hand-delivery, overnight delivery and facsimile; (b) the telephone number of each entity requesting service; (c) an e-mail address for service by e-mail if the entity consents to service by e-mail; and (d) the contact information for the entity's lead and local counsel.

Because e-mail provides the fastest and most economical method of service, the Receiver requests that all parties with regular access to e-mail consent to service by e-mail. By indicating your e-mail address in the Request for Notice, you are deemed to have consented to service by e-mail, unless you specify otherwise. Alternatively, if you are willing to accept service (from the Receiver only) by e-mail, you may click here and send the Receiver an e-mail with your name, mailing address, e-mail address and telephone number advising that you consent to service by e-mail.

SPECIAL ANNOUNCEMENT: NOTICE TO INVESTORS FROM THE DEPARTMENT OF JUSTICE - BRUCE COWEN SENTENCING HEARING

The sentencing hearing for Bruce Cowen, a former Lancer associate, was rescheduled for June 14, 2005 at 8:30 a.m. before Judge Cecilia Altonaga of the United States District Court for the Southern District of Florida, Miami Division. Judge Altonaga's courtroom is located on the fourth floor of the United States Courthouse at 310 North Miami Avenue, Miami, Florida 33132. If you have any questions regarding this sentencing hearing, please call Pam Washington at the United States Department of Justice, Criminal Division, Fraud Section at (888) 549-3945.

Receiver's Auction of Mercedes-Benz C-11 Race Car