Mutual Consolidated Savings (MCS)

 USDC CASE NO. C09-5380RBL

July 20, 2010

The Court has entered a Stipulated Final Injunction And Order For Permanent Injunction on July 19, 2010 and the order is available through the link below.

Stipulated Final Injunction and Order for Permanent Injunction

December 4, 2009

The Receiver is pleased to announce that we have obtained the necessary funds from Morgan Stanley to make the "Christmas Fund" distributions to employees, and expect to complete these distributions this week. We request that if employees addresses have changed that you please contact our office with your updated contact information. Thank you for your patience throughout this process.

July 13, 2009

The Court has entered a Stipulated Preliminary Injunction And Order For Other Equitable Relief, which, among other things, orders Michael A. Grassmueck to continue as Receiver

     Stipulated Preliminary Injunction And Order For Other Equitable Relief

 July 8, 2009

Receiver Michael A. Grassmueck has filed his Preliminary Report of Receiver with the Court

      Preliminary Report of Receiver Michael A. Grassmueck

      Exhibit A

      Exhibit B

      Exhibit C

      Exhibit D

      Exhibit E

 July 2, 2009 

The Federal Trade Commission's suit against MCS, et al. is part of larger "Operation Short Change," an action coordinated in 13 states against 15 different entities.

      Bend Bulletin's piece on Operation Short Change

          Link to FTC's web site highlight of Operation Short Change

 June 26, 2009

Michael A. Grassmueck has been appointed Temporary Receiver for MCS Programs, LLC., Mutual Consolidated Savings, United Savings Center, Inc., and USC Programs, LLC.

     Temporary Restraining Order With Asset Freeze, Appointment Of Temporary Receiver, Immediate Access To Business Premises, Limited Expedited Discovery, And An Order To Show Cause Why A Preliminary Injunction Should Not Issue

Exhibits in Support of Plaintiff's Motion for Temporary Restraining Oder

     Exhibit 1a

    Exhibit 1b-1

     Exhibit 1b-2

     Exhibit 1c-1

     Exhibit 1c-2

     Exhibit 1d

     Exhibit 2

     Exhibit 3

     Exhibit 4

     Exhibit 5

     Exhibit 6

     Exhibit 7

     Exhibit 8

     Exhibit 9

     Exhibit 10

     Exhibit 11a

     Exhibit 11b-1

     Exhibit 11b-2

     Exhibit 11c-1

     Exhibit 11c-2

     Exhibit 11d

     Exhibit 11e-1

     Exhibit 11e-2

     Exhibit 12

     Exhibit 13

     Exhibit 14

     Exhibit 15

     Exhibit 16

     Exhibit 17

     Exhibit 18

     Exhibit 19

     Exhibit 20

     Exhibit 21

     Exhibit 22

     Exhibit 23

     Exhibit 24

     Exhibit 25

     Exhibit 26

     Exhibit 27

     Exhibit 28