Order in Matter of Jorge L. Perez v. Dale Joseph Quesnel, Sr.

ORDER 431199
DOCKET NO: HHDCV166071291S
JORGE L. PEREZ, BANKING
COMMISSIONER OF THE STATE
V.
QUESNEL, SR, DALE JOSEPH
SUPERIOR COURT
JUDICIAL DISTRICT OF HARTFORD
AT HARTFORD
12/22/2017
ORDER
The following order is entered in the above matter:
ORDER:
It is hereby ORDERED as follows:
The Defendant, DALE JOSEPH QUESNEL, SR., is:
(a) PERMANENTLY ENJOINED from violating Sections 36b-16, 36b-6(a), 36b-23, 36b-4(a) and 36b-6(c)(1) of the Connecticut General Statutes and Section 36b-31-6e of the Regulations of Connecticut Agencies; (b) ORDERED to MAKE RESTITUTION:
i. Within thirty (30) days from the date of the Court's Order, Quesnel shall provide the Commissioner
with a written disclosure which contains the corresponding (i) name and address of each investor who purchased promissory notes (or similar instruments) from Quesnel between approximately February 2009 to approximately July 2013, (ii) the amount collected from each investor, (iii) the date of each investment, and (iv) the amount of any refunds of principal or purported interest payments made to each investor. Such disclosure is to be mailed to AAG John Langmaid, Office of the Attorney General, PO Box 120 55 Elm Street, Hartford, CT 06106;
ii. Within forty-five (45) days from the date of the Court's Order, Quesnel shall reimburse each investor
the amount of funds collected from the investor in connection with the promissory notes (or similar instruments) plus interest at the legal rate set forth in Section 37-1 of the General Statutes, less funds returned in the form of purported refunds of principal and purported interest payments. Such restitution shall be made by certified check, and shall be sent by certified mail, return receipt requested, to each affected investor;
iii. Within ninety (90) days from the date of the Court's Order, Quesnel shall provide the Commissioner
with proof in the form of copies of the certified checks and the return receipts required by sub-paragraph (ii) of this order of restitution, that Quesnel has reimbursed each investor the amount of funds collected from the investor plus interest, less funds returned in the form of purported refunds of principal and purported interest payments, with respect to each investor who purchased a promissory note (or similar instrument) of Overtime Marketing, LLC, Overtime Sports Southeast, LLC and Overtime Sports Southwest, LLC. Such proof is to be mailed to AAG John Langmaid, Office of the Attorney General, PO Box 120 55 Elm Street, Hartford, CT 06106. (c) ORDERED TO PAY:
i. Within sixty (60) days from the date of the Court's Order, the civil penalty of $600,000 as ordered by
the Commissioner, payment of which should be by certified check, made payable to “State of Connecticut” and mailed to AAG John Langmaid, at the Office of the Attorney General, PO Box 120 55 HHDCV166071291S 12/22/2017 Page 1 of 2

Elm Street, Hartford, CT 06106, in monthly installments of $10,000;
ii. Within sixty (60) days from the date of the Court's Order, the penalty of $900,000, for failure to
comply with each of nine (9) of the Commissioner’s orders, payment of which should be by certified check, made payable to “State of Connecticut” and mailed to AAG John Langmaid, at the Office of the Attorney General, PO Box 120 55 Elm Street, Hartford, CT 06106, in monthly installments of $10,000; and
iii. The costs of this proceeding and postjudgment interest, pursuant to Conn. Gen. Stat. §§ 37-3a and
52-350f, on all amounts owed under the Court's judgment until the judgment is satisfied in full. SO ORDERED 431199 Judge: DAVID M SHERIDAN HHDCV166071291S 12/22/2017 Page 2 of 2