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Clear out junk files and repair common Windows errorsFree Scan →Scan for outdated or missing drivers - takes under a minuteDriver Scan →Repair Windows errors before they cause bigger problemsFix Now →The court records identified here do not confirm that a judge ordered a JD Euroway CEO’s assets frozen. A September 4, 2026, U.S. District Court ruling instead entered a $970,000 default judgment, plus post-judgment interest, against JD Euroway Bancorp & Trust—not its individual owners. A separate Quebec proceeding placed the company into bankruptcy. Neither proceeding establishes the asset-freeze claim.
What did the U.S. court actually order?
In Simo v. JD Euroway Bancorp & Trust, No. 1:25-cv-01984, U.S. District Judge Timothy J. Kelly issued a memorandum opinion and order on September 4, 2026. The court granted Jean De Dieu Simo’s motion for default judgment in part and entered judgment against JD Euroway Bancorp & Trust for unjust enrichment, conversion, breach of fiduciary duty, and promissory estoppel. The award was $970,000 plus post-judgment interest at the rate set by 28 U.S.C. § 1961. Read the opinion.
This is a money judgment against the company. It is not an order freezing assets. The $970,000 is the court’s damages award in this case; it should not be treated as the value of frozen property or as a measure of alleged losses in a separate proceeding.
Was the CEO personally ordered to freeze assets?
The cited ruling does not enter judgment against the individual defendants, Zephir Fritz and Astou Fritz, and does not establish their personal liability. The opinion and docket summary describe difficulties serving the individuals. The company’s failure to respond led to a clerk’s entry of default against the company on December 11, 2025; it does not turn the judgment against the company into a judgment against its owners. The docket summary.
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The specific claim that a CEO’s assets were court-frozen remains unverified in the records identified here. The order’s date, scope, affected assets, and current status therefore cannot be stated as established facts. A bankruptcy order or a money judgment should not be described as an individual asset freeze without a separate order that says so.
What happened to the fraud-related claims?
Simo alleged that in July 2021 he sent funds to JD Euroway Bancorp & Trust for transfer to a U.S. investment account, but that the funds were neither transferred nor returned. These are allegations described in the opinion. The court’s partial default judgment resolved four claims against the company, but it did not grant all requested relief.
The court declined default judgment on other claims, including the civil RICO claim, because the complaint did not state those claims as required. It also declined to award attorney fees and costs based on the material presented in the opinion. The ruling should not be summarized as a finding that every allegation in the complaint—including every fraud-related assertion—was proven.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How does the Quebec bankruptcy relate to the U.S. judgment?
The Quebec matter is a separate insolvency proceeding, not the source of a verified asset-freeze order in the D.C. case. KPMG, the trustee, reports that the Commercial Division of the Superior Court of Québec issued a bankruptcy order against JD Euroway Bancorp & Trust on May 28, 2025. KPMG also hosts the trustee’s preliminary report. KPMG’s trustee page and preliminary report concern that bankruptcy administration.
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Quick Recap
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| Matter | Court or authority | Date | What the record establishes |
|---|---|---|---|
| Simo civil case | U.S. District Court for the District of Columbia | September 4, 2026 ruling | Partial default judgment of $970,000 plus post-judgment interest against JD Euroway Bancorp & Trust on four claims. |
| Company bankruptcy | Commercial Division of the Superior Court of Québec | May 28, 2025, as reported by KPMG | Bankruptcy order against JD Euroway Bancorp & Trust; a separate proceeding from Simo’s D.C. case. |
| CEO asset freeze | Not established by the cited records | Not established | No verified freeze order, scope, or status is established by these sources. |
What readers should take from the records
- The located D.C. decision is a partial default judgment, not an asset-freeze order.
- The $970,000 award is against JD Euroway Bancorp & Trust, with post-judgment interest; it is not a stated frozen-assets figure.
- The judgment does not decide the individual owners’ personal liability, and the court declined relief on some other claims, including civil RICO.
- The Quebec bankruptcy and D.C. civil judgment are distinct proceedings.
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