United States v. Reis and Hockridge, N.D. Tex. No. 4:24-cr-00287-O, Doc. 472: Stipulation and order staying the final garnishment order pending appeal (2026-06-08)
Summary
Stipulation and Order for Garnishment, Document 472, filed June 8, 2026 in United States v. Reis and Hockridge, No. 4:24-CR-287-O, in the U.S. District Court for the Northern District of Texas. The recitals state that Reis, Hockridge and Billy Hockridge, Family Trustee, filed Notices of Appeal on May 1, 2026 from the Final Order of Garnishment (ECF No. 456). The parties stipulate that the Final Order of Garnishment is stayed pending the final outcome of the Garnishment Appeals, except as provided. SEI Private Trust Company is to pay the full liquidated balance of the individual accounts of Reis and Hockridge to the Clerk of Court within five days, and to place the cash balances of the trust accounts in the Vanguard Treasury Money Market Fund.
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“United States v. Reis and Hockridge, N.D. Tex. No. 4:24-cr-00287-O, Doc. 472: Stipulation and order staying the final garnishment order pending appeal (2026-06-08).”
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Case 4:24-cr-00287-O Document 472 Filed 06/08/26 Page 1 of 8 PageID 15380
IN THE UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF TEXAS
FORT WORTH DIVISION
UNITED STATES OF AMERICA
No. 4:24-CR-287-O
v.
NATHAN REIS (01) and
STEPHANIE HOCKRIDGE
A.K.A. STEPHANIE REIS (02),
Defendants,
and
BALENTINE LLC and SEI PRIVATE
TRUST COMPANY,
Garnishees.
STIPULATION AND ORDER FOR GARNISHMENT
WHEREAS, on November 21, 2025, the Court sentenced Defendant Stephanie Hockridge
(“Hockridge”) to 120 months of imprisonment, two years of supervised release, and ordered her
to pay $63,952,063.64 in restitution, jointly and severally with her husband and codefendant
Nathan Reis and another coconspirator, ECF No. 362;
WHEREAS, on December 18, 2025, the Court sentenced Defendant Nathan Reis (“Reis”)
to 120 months of imprisonment, two years of supervised release, and ordered him to pay
$66,038,049.27 in restitution, jointly and severally with Hockridge and other coconspirators, ECF
No. 390;
Stipulation and Order – Page 1
Case 4:24-cr-00287-O Document 472 Filed 06/08/26 Page 2 of 8 PageID 15381
WHEREAS, the United States sought, obtained, and served writs of garnishment on
Balentine LLC and SEI Private Trust Company, and their successors, affiliates and/or assigns, to
secure property belonging to the defendants and/or trusts established by defendants; 1
WHEREAS, SEI Private Trust Company answered (ECF No. 408) that it maintains the
following accounts registered to the defendants or trusts established by defendants:
i. individual account ending in 8485 registered to Nathan Reis with an account
value of $762,296.39;
ii. individual account ending in 8484 registered to Stephanie Hockridge with an
account value of $466,134.46;
iii. trust account ending in 8482 registered to The Nathan J Reis Family Protection
Trust with an account value of $1,786.57;
iv. trust account ending in 8483 registered to The Stephanie Reis Family Protection
Trust with an account value of $2,221.38;
v. trust account ending in 8897 registered to Mint Legacy Trust with an account
value of $7,414,260.77;
vi. trust account ending in 8896 registered to Mint Family Trust with an account
value of $9,020,969.73;
vii. trust account ending in 8902 registered to Marietta Legacy Trust with an account
value of $43,611.50; and
viii. trust account ending in 8909 registered to Marietta Family Trust with an account
value of $6,549,660.39;
WHEREAS, Balentine LLC answered (ECF No. 397), as relevant here, that its affiliate,
Access Manager LLC, acts as general partner for the following private investment funds in which
Marietta Family Trust and/or Mint Family Trust have limited partnership interests: (1) Credit
Opportunities 2023, L.P.; (2) Industrial & Aerospace Buyout 2022, L.P.; (3) Private Credit
Opportunities II, L.P.; (4) SunBelt Plus Real Estate Opportunities Fund I, L.P.; (5) Industrial &
Aerospace Buyout, L.P.; and (6) Logistics Co-Invest 2022, L.P.;
WHEREAS, on April 28, 2026, after considering the parties’ briefing regarding the
garnishment, the Court entered a Final Order of Garnishment, ECF No. 456;
1
The trusts are: (1) The Nathan J. Reis 2022 Irrevocable Trust; (2) The Nathan J. Reis Family Protection Trust; (3)
The Stephanie Reis 2022 Irrevocable Trust; (4) The Stephanie Reis Family Protection Trust; (5) Mint Legacy Trust;
(6) Mint Family Trust; (7) Marietta Legacy Trust; and (8) Marietta Family Trust.
Stipulation and Order – Page 2
Case 4:24-cr-00287-O Document 472 Filed 06/08/26 Page 3 of 8 PageID 15382
WHEREAS, on May 1, 2026, Reis, Hockridge, and Billy Hockridge, the Family Trustee
of the relevant trusts, filed Notices of Appeal from the Final Order of Garnishment (the
“Garnishment Appeals”);
WHEREAS, the parties opposing garnishment contend that the liquidation and distribution
of the property titled to the trusts would result in irreparable harm, should they prevail in their
Garnishment Appeals;
WHEREAS, the government seeks to protect and preserve the value of the assets, including
the liquid funds currently held by SEI Private Trust Company, which it contends it is otherwise
entitled to garnish in full at this time pursuant to the Court’s Final Order of Garnishment (ECF No.
456);
IT IS HEREBY STIPULATED AND AGREED by and between the undersigned parties
that:
(1) The Court’s Final Order of Garnishment (ECF No. 456) is hereby STAYED
pending the final outcome of the Garnishment Appeals, including decisions in connection with
any requests for hearing en banc and petitions for certiorari and issuance of a final mandate (a
“Final Mandate”), except as provided herein.
(2) Balentine LLC shall continue to restrain and withhold the property set forth in its
answer pursuant to the writ of garnishment served on it. In the event that the Garnishment Appeals
are denied, withdrawn, or otherwise decided adversely to the parties opposing garnishment and a
Final Mandate is issued, the United States shall notify Balentine LLC, providing a copy of said
decision and Final Mandate, within fourteen (14) days of receiving said notice and Final Mandate,
Balentine LLC and/or Access Manager LLC shall comply with the liquidation instructions set forth
in the Final Order of Garnishment (ECF No. 456).
Stipulation and Order – Page 3
Case 4:24-cr-00287-O Document 472 Filed 06/08/26 Page 4 of 8 PageID 15383
(3) Within five (5) days of receipt of this stipulation and order, SEI Private Trust
Company shall liquidate securities as needed and pay to the Clerk of Court 100% of the full
liquidated balance of the individual account ending in 8485 registered to Nathan Reis. Payment
shall be made by certified check made payable and delivered to Clerk of Court, 1100 Commerce
Street, Room 1452, Dallas, TX 75242-1003 and shall include the case number 4:24-CR-287-01 to
ensure payment is properly credited to Reis.
(4) Within five (5) days of receipt of this stipulation and order, SEI Private Trust
Company shall liquidate securities as needed and pay to the Clerk of Court 100% of the full
liquidated balance of the individual account ending in 8484 registered to Stephanie Hockridge.
Payment shall be made by certified check made payable and delivered to Clerk of Court, 1100
Commerce Street, Room 1452, Dallas, TX 75242-1003 and shall include the case number 4:24-
CR-287-02 to ensure payment is properly credited to Hockridge.
(5) Within twenty-eight (28) days of receipt of this stipulation and order, but not sooner
than 21 days after receipt of this stipulation and order (the liquidation shall not occur before the
twenty-second day after receipt of the stipulation and order), SEI Private Trust Company shall
liquidate the current holdings in the following accounts and place the full cash balance of the
accounts in the Vanguard Treasury Money Market Fund with ticker symbol VUSXX: (1) trust
account ending in 8482 registered to The Nathan J Reis Family Protection Trust; (2) trust account
ending in 8897 registered to Mint Legacy Trust; (3) trust account ending in 8896 registered to Mint
Family Trust. Any assets liquidated pursuant to this paragraph shall be placed in separate
Vanguard Treasury Money Markets associated with each trust account. SEI Private Trust
Company shall not liquidate any holdings in these accounts that are already within the Vanguard
Treasury Money Market Fund with ticker symbol VUSXX. The accounts thereafter must remain
Stipulation and Order – Page 4
Case 4:24-cr-00287-O Document 472 Filed 06/08/26 Page 5 of 8 PageID 15384
restricted pursuant to the writ of garnishment until such time as a Final Mandate is issued in
connection with the Garnishment Appeals or the Garnishment Appeals are withdrawn. In the event
that the Garnishment Appeals are denied, withdrawn, or otherwise decided adversely to the parties
opposing the garnishment and a Final Mandate is issued, the United States shall notify SEI Private
Trust Company, providing a copy of such decision and Final Mandate, and within fourteen (14)
days of receiving said notice, SEI Private Trust Company shall liquidate all holdings in the
accounts referenced in this paragraph and pay 100% of the full liquidated value of these accounts
to the Clerk of Court. Payments shall be made certified check payable and delivered to Clerk of
Court, 1100 Commerce Street, Room 1452, Dallas, TX 75242-1003 and shall include the case
number 4:24-CR-287-01 to ensure payment is properly credited to Reis.
(6) Within twenty-eight (28) days of receipt of this stipulation and order, but not sooner
than 21 days after receipt of this stipulation and order (the liquidation shall not occur before the
twenty-second day after receipt of the stipulation and order), SEI Private Trust Company shall
liquidate the current holdings in the following accounts and place the full cash balance of the
accounts in the Vanguard Treasury Money Market Fund with ticker symbol VUSXX: (1) trust
account ending in 8483 registered to The Stephanie Reis Family Protection Trust; (2) trust account
ending in 8902 registered to Marietta Legacy Trust; and (3) trust account ending in 8909 registered
to Marietta Family Trust. Any assets liquidated pursuant to this paragraph shall be placed in
separate Vanguard Treasury Money Markets associated with each trust account. SEI Private Trust
Company shall not liquidate any holdings in these accounts that are already within the Vanguard
Treasury Money Market Fund with ticker symbol VUSXX. The accounts thereafter must remain
restricted pursuant to the writ of garnishment until such time as a Final Mandate is issued in
connection with the Garnishment Appeals or the Garnishment Appeals are withdrawn. In the event
Stipulation and Order – Page 5
Case 4:24-cr-00287-O Document 472 Filed 06/08/26 Page 6 of 8 PageID 15385
that the Garnishment Appeals are denied, withdrawn, or otherwise decided adversely to the parties
opposing garnishment, the United States shall notify SEI Private Trust Company, providing a copy
of said decision and Final Mandate, and within fourteen (14) days of receiving said notice, SEI
Private Trust Company shall liquidate the holdings in the accounts referenced in this paragraph
and pay 100% of the full liquidated value of these accounts to the Clerk of Court. Payments shall
be made by certified check made payable and delivered to Clerk of Court, 1100 Commerce Street,
Room 1452, Dallas, TX 75242-1003 and shall include the case number 4:24-CR-287-02 to ensure
payment is properly credited to Hockridge.
(7) In the event that the Defendants’ and Trustee’s Garnishment Appeals are
successful, in whole or in part, the parties shall seek a revised order from the Court in accordance
with any such decision.
RYAN RAYBOULD
UNITED STATES ATTORNEY
/s/ Saurabh Sharad
Saurabh Sharad
Assistant United States Attorney
New York Bar No. 5363825
1100 Commerce Street, Third Floor
Dallas, Texas 75242-1699
Telephone: 214-659-8600
Facsimile: 214-659-8848
saurabh.sharad@usdoj.gov
Attorneys for the United States of America
ALSTON & BIRD LLP
/s/ Jared M. Slade
Jared M. Slade
Texas State Bar No. 24060618
2200 Ross Avenue, Suite 2300
Dallas, TX 75201
(214) 922-3400 - Telephone
Stipulation and Order – Page 6
Case 4:24-cr-00287-O Document 472 Filed 06/08/26 Page 7 of 8 PageID 15386
(214) 922-3899 - Facsimile
jared.slade@alston.com
Michael A. Kaeding
(Pro Hac Vice)
555 Fayetteville Street, Suite 600
Raleigh, NC 27601
(919) 862-2200 - Telephone
(919) 862-2260 - Facsimile
mike.kaeding@alston.com
Attorneys for Billy Hockridge, family trustee of
the Mint and Marietta trusts
LATHAM & WATKINS LLP
/s/ Kevin Andrew Chambers
Kevin Andrew Chambers (Pro Hac Vice)
555 11th Street NW, Suite 1000
Washington, DC 20004
Tel: (202) 637-2200
Fax: (202) 637-2201
kevin.chambers@lw.com
Matthew S. Salerno (Pro Hac Vice)
1271 Avenue of the Americas
New York, NY 10020
Tel: (212) 906-1200
Fax: (212) 751-4864
matthew.salerno@lw.com
Michael P. Heiskell,
TX Bar: 09383700
JOHNSON, VAUGHN & HEISKELL
5601 Bridge Street, Suite 220
Fort Worth, Texas 76112
Tel: (817) 457-2999
Fax: (817) 496-1102
mheiskell@johnson-vaughn-heiskell.com
Attorneys for Defendant Nathan Reis
BRYAN CAVE LEIGHTON PAISNER LLP
/s/ Richard E. Finneran
Stipulation and Order – Page 7
Case 4:24-cr-00287-O Document 472 Filed 06/08/26 Page 8 of 8 PageID 15387
RICHARD E. FINNERAN
MARK SRERE
KEVIN JENCO
211 North Broadway, Suite 3600
St. Louis, Missouri 63102
Tel: (314) 259-2000
Fax: (314) 259-2020
richard.finneran@bryancave.com
Attorneys for Defendant Stephanie Hockridge
SO ORDERED on this 8th day of June, 2026.
Stipulation and Order – Page 8
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