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Saturday, January 02, 2016

Bank Files Court Action To Seize WOC Theater Property

WEST OCEAN CITY — While the federal criminal case against a West Ocean City business owner continues to plod along, a national bank this month filed a complaint in U.S. District Court seeking to seize the long-shuttered property.

The U.S. Bank on Tuesday filed a complaint seeking emergency injunctive relief against West Ocean City business owner David Weatherholtz and other named defendants in an attempt to take control of the property that most recently hosted the O.C. Jamboree on Route 611. Last March, Weatherholtz was indicted in federal court on several felonies including producing and possessing child pornography and attempting to entice minors to engage in sex, among others.

With Weatherholtz awaiting trial in a federal medical facility in Massachusetts and the O.C. Jamboree long since shuttered, the U.S. Bank filed the emergency complaint this week seeking to take control of the property through a third-party receiver. The U.S. Bank holds a promissory note on the O.C. Jamboree property in an amount over $400,000 and is seeking to protect its interest by having a third-party receiver take control of and protect its assets, which are in danger of falling into disrepair.

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