The Commission has obtained an order temporarily restraining Lambert Vander Tuig, The Carolina Development Company, Inc. (a/k/a The Carolina Company at Pinehurst)(“Carolina Company”) and Jonathan Carman (“Carman”) from making unregistered fraudulent offers, sales and purchases of securities in connection with an offering of stock in Carolina Company. The Court also froze the assets of Vander Tuig, Carolina Company and Carman and appointed a receiver for Carolina Company and its affiliates.

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