SEC v. James R. Harrold; Franklin Management and Consulting, LLC; Accipter, LLC; Franklin Asset Management and Consulting, LLC; Franklin Management and Consulting, Inc.; and Concord Development Group, LLC, No. 1:01-cv-01318, Southern District of Indiana (Sept. 23, 2025) — Judgment

U
NITED STATES SECURITIES AND )
EXCHANGE COMMISSION, )
)
Plaintiff, )
)
v. ) Case No. 1:01-CV-01318
)
JAMES R. HARROLD, FRANKLIN  )
MANAGEMENT AND CONSULTING, LLC, )
ACCIPTER, LLC, FRANKLIN ASSET  )
MANAGEMENT AND CONSULTING, LLC, )
FRANKLIN MANAGEMENT AND  )
CONSULTING, INC., and CONCORD  )
DEVELOPMENT GROUP, LLC )
)
Defendants. )
FINAL JUDGMENT
W
HEREAS, on September 14, 2001, the Court entered permanent injunctive relief as to
Defendants James R. Harrold, Franklin Management and Consulting, LLC, Accipter, LLC,
Franklin Asset Management and Consulting, LLC, Franklin Management and Consulting, Inc.,
and Concord Development Group, LLC (collectively, “Defendants”);
 WHEREAS, the Court has appointed a Receiver in this matter who has collected and
distributed Defendants’ assets pursuant to this Court’s orders;
 WHEREAS, the Court has considered the Motion for Entry of Final Judgment (Dkt. #39)
filed by Plaintiff United States Securities and Exchange Commission (the “SEC”);
WHEREAS, neither the Court-appointed Receiver, nor Defendants oppose the relief
sought in the SEC’s Motion;
THE COURT HEREBY ORDERS as follows:
1.Plaintiff SEC’s Motion for Entry of Final Judgment is hereby GRANTED;
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF INDIANA
INDIANAPOLIS DIVISION

316

2.Defendants are liable, on a joint and several basis, for disgorgement of
$3,635,126.52, representing net profits gained as a result of the conduct alleged in the SEC’s
Complaint (Dkt. #1), together with prejudgment interest thereon of $145,266.08, for a total
liability of $3,780,392.60;
3.Amounts previously collected from the Defendants by the Court-appointed
Receiver in this matter and the Department of Justice in the parallel criminal proceeding U.S. v.
James R. Harrold, 04-cr-0185 (S.D. Ind.) – in the total amount of $3,534,749.44 – are hereby
credited against Defendants’ disgorgement liability, leaving a liability of $245,643.16 in net
disgorgement and prejudgment interest owed under this Final Judgment;
4.Any further amounts collected by the Receiver in this matter – and/or the
Department of Justice in the parallel criminal proceeding – shall be credited against Defendants’
remaining disgorgement and prejudgment interest liability in this matter until the total liability is
paid.
5.Defendants shall pay post judgment interest on any amounts due after 30 days of
entry of this Final Judgment pursuant to 28 U.S.C. § 1961.
6.As the SEC has decided voluntarily to forgo its claims for entry of a civil
monetary penalty, Plaintiff’s claim for relief in the form of a civil monetary penalty is hereby
dismissed.

317

7.IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court
shall retain jurisdiction of this matter for the purpose of enforcing the terms of this Final
Judgment.
L.R. 5-5(d) Statement:
By filing this proposed order via the Court’s ECF system,
service will be made electronically on all counsel of record via email generated
by the Court’s ECF system. Service will be made on Pro Se Defendant James Harrold
via email and via First-class U.S. Mail as follows:
James Harrold, 1785 North River Road, Mount Crawford, VA 22841
 [email protected]
Date: 9/11/2025

   ________________________
    Hon. Tanya Walton Pratt, Judge
    United States District Court
    Southern District of Indiana

318

UNITED STATES SECURITIES AND ) 
EXCHANGE COMMISSION, ) 

) 
Plaintiff, ) 

) 
v. ) Case No. 1:01-CV-01318 

) 
JAMES R. HARROLD, FRANKLIN  ) 
MANAGEMENT AND CONSULTING, LLC, ) 
ACCIPTER, LLC, FRANKLIN ASSET  ) 
MANAGEMENT AND CONSULTING, LLC, ) 
FRANKLIN MANAGEMENT AND  ) 
CONSULTING, INC., and CONCORD  ) 
DEVELOPMENT GROUP, LLC ) 

) 
Defendants. ) 

FINAL JUDGMENT 

WHEREAS, on September 14, 2001, the Court entered permanent injunctive relief as to 

Defendants James R. Harrold, Franklin Management and Consulting, LLC, Accipter, LLC, 

Franklin Asset Management and Consulting, LLC, Franklin Management and Consulting, Inc., 

and Concord Development Group, LLC (collectively, “Defendants”); 

 WHEREAS, the Court has appointed a Receiver in this matter who has collected and 

distributed Defendants’ assets pursuant to this Court’s orders; 

 WHEREAS, the Court has considered the Motion for Entry of Final Judgment (Dkt. #39) 

filed by Plaintiff United States Securities and Exchange Commission (the “SEC”); 

WHEREAS, neither the Court-appointed Receiver, nor Defendants oppose the relief 

sought in the SEC’s Motion; 

THE COURT HEREBY ORDERS as follows: 

1. Plaintiff SEC’s Motion for Entry of Final Judgment is hereby GRANTED;

UNITED STATES DISTRICT COURT 
SOUTHERN DISTRICT OF INDIANA 

INDIANAPOLIS DIVISION 

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316



-2-

2. Defendants are liable, on a joint and several basis, for disgorgement of

$3,635,126.52, representing net profits gained as a result of the conduct alleged in the SEC’s 

Complaint (Dkt. #1), together with prejudgment interest thereon of $145,266.08, for a total 

liability of $3,780,392.60;  

3. Amounts previously collected from the Defendants by the Court-appointed

Receiver in this matter and the Department of Justice in the parallel criminal proceeding U.S. v. 

James R. Harrold, 04-cr-0185 (S.D. Ind.) – in the total amount of $3,534,749.44 – are hereby 

credited against Defendants’ disgorgement liability, leaving a liability of $245,643.16 in net 

disgorgement and prejudgment interest owed under this Final Judgment; 

4. Any further amounts collected by the Receiver in this matter – and/or the

Department of Justice in the parallel criminal proceeding – shall be credited against Defendants’ 

remaining disgorgement and prejudgment interest liability in this matter until the total liability is 

paid. 

5. Defendants shall pay post judgment interest on any amounts due after 30 days of

entry of this Final Judgment pursuant to 28 U.S.C. § 1961. 

6. As the SEC has decided voluntarily to forgo its claims for entry of a civil

monetary penalty, Plaintiff’s claim for relief in the form of a civil monetary penalty is hereby 

dismissed. 

Case 1:01-cv-01318-TWP-TAB     Document 43     Filed 09/11/25     Page 2 of 3 PageID #:
317



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7. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court

shall retain jurisdiction of this matter for the purpose of enforcing the terms of this Final 

Judgment. 

L.R. 5-5(d) Statement:

By filing this proposed order via the Court’s ECF system, 
service will be made electronically on all counsel of record via email generated 
by the Court’s ECF system. Service will be made on Pro Se Defendant James Harrold 
via email and via First-class U.S. Mail as follows: 

James Harrold, 1785 North River Road, Mount Crawford, VA 22841 
 [email protected] 

Date: 9/11/2025

 
 
 
   ________________________ 
    Hon. Tanya Walton Pratt, Judge  
    United States District Court 
    Southern District of Indiana  

Case 1:01-cv-01318-TWP-TAB     Document 43     Filed 09/11/25     Page 3 of 3 PageID #:
318

mailto:[email protected]