VESTIN REALTY MORTGAGE I, INC.
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(Name of Issuer)
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COMMON STOCK, $0.0001 PER SHARE PAR VALUE
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(Title of Class of Securities)
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925490 10 4
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(CUSIP Number)
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Michael V. Shustek
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8880 W SUNSET ROAD, SUITE 200
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LAS VEGAS, NEVADA 89148
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(702) 227-0965
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
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August 26, 2011
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(Date of Event Which Requires Filing of this Statement)
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1
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
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Michael V. Shustek
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) [ ]
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(b) [ ]
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3
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SEC USE ONLY:
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS):
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PF, OO
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5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
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[ X ]
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION:
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Nevada, USA
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7
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SOLE VOTING POWER:
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NUMBER OF
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557,102
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SHARES
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8
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SHARED VOTING POWER:
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BENEFICIALLY
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OWNED BY
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0
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EACH
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9
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SOLE DISPOSITIVE POWER:
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REPORTING
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PERSON
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557,102
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WITH
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10
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SHARED DISPOSITIVE POWER:
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0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
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557,102
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
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[ ]
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
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8.8%
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
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IN
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TABLE OF CONTENTS
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Item 1.
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Security and Issuer
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Item 2.
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Identity and Background
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Item 3.
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Source and Amount of Funds or Other Consideration
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Item 5.
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Interest in Securities of the Issuer
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Signatures
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ITEM 1.
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SECURITY AND ISSUER.
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ITEM 2.
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IDENTITY AND BACKGROUND
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(a)
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Michael V. Shustek.
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(b)
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8880 W. Sunset Rd, Suite 200, Las Vegas, NV 89148.
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(c)
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Mr. Shustek is the Chief Executive Officer (“CEO”) and director of the Issuer, Vestin Realty Mortgage II, Inc., inVestin Nevada, Inc., Vestin Group, Inc., Vestin Mortgage Inc., Vestin Originations, Inc., and Shustek Investments, Inc. and the managing member of Vestin Fund III, LLC. The principal business of these companies is to invest in, or originate loans secured by real estate through deeds of trust or mortgages.
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(d)
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During the last five years Mr. Shustek has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
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(e)
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On September 27, 2006, the Securities and Exchange Commission entered an Administrative Order (the “Order”) naming Vestin Mortgage, Inc. and its Chief Executive Officer, Michael Shustek, as well as Vestin Capital as respondents (collectively, the “Respondents”.) The Respondents consented to the entry of the Order without admitting or denying the findings therein. In the Order, the Commission finds that the Respondents violated Sections 17(a)(2) and 17(a)(3) of the Securities Act of 1933 through the use of certain slide presentations in connection with the sale of units in Vestin Fund III, LLC and in the predecessor of Vestin Realty Mortgage II, Inc. (“VRM II”), Vestin Fund II, LLC. The Respondents consented to the entry of a cease and desist order, the payment by Mr. Shustek of a fine of $100,000 and Mr. Shustek’s suspension from association with any broker or dealer for a period of six months. In addition, the Respondents agreed to implement certain undertakings with respect to future sales of securities.
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(f)
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Citizenship USA.
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(a)
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Vestin Mortgage, Inc. a Nevada corporation (“Vestin Mortgage”).
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(b)
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8880 W. Sunset Rd, Suite 200, Las Vegas, NV 89148.
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(c)
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Vestin Mortgage is engaged in the management of REITs and other companies that invest in real estate mortgages.
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(d)
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During the last five years Vestin Mortgage has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
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(f)
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Citizenship N/A.
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(a)
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Vestin Group, Inc. a Nevada corporation (“Vestin Group”).
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(b)
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8880 W. Sunset Rd, Suite 200, Las Vegas, NV 891483.
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(c)
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Vestin Group is primarily engaged in the commercial mortgage brokerage business through its subsidiaries.
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(d)
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During the last five years Vestin Group has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
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(e)
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During the last five years Vestin Group has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding has been or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violations of such laws.
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(f)
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Citizenship N/A.
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ITEM 3.
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SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
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(a)
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Aggregate Number and Percentage of Securities. The Reporting Person is the beneficial owner of 557,102 shares of Common Stock of the Issuer, representing approximately 8.8% of the Issuer's common stock (based upon 6,340,859 shares of common stock outstanding at September 2, 2011). The Reporting Person, directly owns 457,102 shares of the Issuer’s common stock (totaling 7.2%) and indirectly owns and has economic benefit of 100,000 shares of the Issuer’s common stock (totaling 1.6%) through his ownership of Vestin Mortgage.
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(b)
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Power to Vote and Dispose. The Reporting Person has sole voting and dispositive power with respect to shares he owns directly and with respect to shares owned by Vestin Mortgage.
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(c)
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Certain Rights of Other Persons. Not applicable.
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(d)
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Date Ceased to be a 5% Owner. Not applicable.
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Date:
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September 2, 2011
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By:
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/s/ Michael V. Shustek
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Michael V. Shustek
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