H.Thomas Moran II, Receiver

Receiver of Lifetime Capital, Inc.

June 04 2005

165

RE: United States v. Svete, et all

USDC Case Number: 3:04cr109/MCR

The Court recently continued the sentencing hearing for Mr. Svete and Mr. Girardot from May 26 to June 23, 2005. Earlier in the case, after the jury rendered its verdict, Mr. Svete filed a Motion for New Trial. This Motion was denied by the Court. Mr. Svete has now filed a second Motion for New Trial. The Court has set arguments on the Motion for New Trial for 8:30 a.m. on June 23. The sentencing hearing is scheduled to begin at 9:00 a.m. on June 23. Motions for new trial in criminal cases are seldom granted. The Government has filed a Response Opposing Mr. Svete’s latest Motion for New Trial