---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-042616"
form_type: "8-K"
ticker: null
cik: "0000356590"
company_name: "GLOBAL TECH INDUSTRIES GROUP, INC."
filed_at: "2024-10-28T23:59:59+00:00"
generated_at: "2026-05-30T09:51:23.048325+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Court appoints receiver for Global Tech Industries; former management removed

## Summary
- On Sept 18, 2024, Nevada District Court appointed Paul L. Strickland as receiver over all assets of GTII.
- Receiver removed all officers/directors: David Reichman, Kathy Griffin, Frank Benintendo, Donald Gilbert, Ashfin Luke Rahbari.
- Court ordered receiver to cure SEC/OTC delinquent filings; former management enjoined from issuing securities or disposing assets.
- Receiver authorized to be compensated 10% of value of recevership assets (excluding stock) plus 10% of recovered stock.

## SEC filing metadata
- accession: 0001493152-24-042616
- form_type: 8-K
- cik: 0000356590
- company_name: GLOBAL TECH INDUSTRIES GROUP, INC.
- filed_at: 2024-10-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 5.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356590/000149315224042616/0001493152-24-042616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356590/000149315224042616/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-042616
- JSON: https://secwatch.observer/filing/0001493152-24-042616.json
- Plain text: https://secwatch.observer/filing/0001493152-24-042616.txt

## Key facts
- Distress & Bankruptcy
  GLOBAL TECH INDUSTRIES GROUP, INC. entered receivership in Clark County, Nevada, District Court (petition 2024-09-18).
  - Proceeding: receivership
  - Court: Clark County, Nevada, District Court
  - Petition: 2024-09-18
  source text: On September 18, 2024, in a case styled White Rocks (BVI) Holdings Inc., et al., v. Reichman, et al., Case No.: A-24-896359-B , Clark County, Nevada, District Court, the Court entered an Order Appointing Receiver (the “Receivership Order” ) of Global Tech Industries Group, Inc., a Nevada corporation (the “Company” ).
  evidence_url: https://www.sec.gov/Archives/edgar/data/356590/000149315224042616/0001493152-24-042616-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.