Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 3:53 AM ET

Sponsor Check › Person

William Folkerts

Named as an officer, director or promoter on SEC Form D filings · SD · May 11, 2009 → Jul 18, 2025

3deals (issuers)

$0reported sold

0investors

4Form D filings

2009–2025years on file

Follow this person Look further ↓PDF

Data last updated Oct 23, 2026, 5:45 PM ET · Courts (RECAP) last checked: Oct 24, 2026, 2:18 AM ET · SEC enforcement last checked: not yet

The short version

William Folkerts is listed as an executive officer on 4 SEC Form D filings by 3 issuers between May 2009 and Jul 2025: MSF HOTELS, LLC (Watertown, SD — lodging and conventions — 2024–2025), ELITE HOSPITALITY MANAGEMENT, LLC (Lake Charles, LA — lodging and conventions — 2011) and Evangeline Hospitality LLC (Watertown, SD — lodging and conventions — 2009).

What this means A repeat sponsor — 3 separate companies raised money with this person listed as executive officer, over about 16 years. Across those companies the filings report $0 sold in total.

Listed alongside CRAIG MARKHARDT (2 shared filings), Connie Ward (2 shared filings), JODI PENROD (2 shared filings), James Berven (2 shared filings), MATT ELLER (2 shared filings) and 9 others.

What this means These are the other officers, directors or promoters the companies named on the same forms — the team around William. Each name links to their own page.

2 of the issuers belong to the sponsor group Venerts (4 issuers, $0 reported sold, 2009–2025).

What this means A sponsor group is one team that sets up a new company for each deal. Venerts has 4 companies on file and $0 reported sold in total — the group page shows the whole track record in one place.

Public records searched: federal courts (CourtListener / RECAP), state securities regulators (AZ, CA, DE, TX, WA) — 11 court cases matching the name, 5 bankruptcy cases matching the name listed in Key records below. Not yet searched: SEC enforcement releases.

What this means 16 records came back, including 1 court case still open — open cases can take years and cost money. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.

What the community is saying

Nothing found on Reddit, BiggerPockets or community forums for high-net-worth investors (searched Oct 24, 2026) — search queued; this line updates when it has run.

Community comments are quoted as written by their authors. Sources searched: BiggerPockets forums (via DuckDuckGo, Brave, Bing and BiggerPockets search) and Reddit (search feed + public archive).

Key records

Five things investors ask first. Items still in human review are counted, not shown.

1. Lawsuits

11 cases: 1 open, 3 closed (disposition not in docket feed), 6 dismissed, 1 judgment

Folkerts v. Wal-Mart Stores Texas, LLC open

District Court, S.D. Texas · No. 7:26-cv-00119 · Filed Mar 6, 2026

Role of Folkerts: Plaintiff · Outcome: Pending — no termination date on the docket (bulk snapshot 2026-09-30) Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); surname only in the caption; court in TX (not a filing state)

Folkerts v. Safeco Insurance Company of Indiana closed

District Court, S.D. Ohio · No. 3:20-cv-00345 · Filed Aug 18, 2020 · Closed Jul 28, 2021

Role of Folkerts: Plaintiff · Outcome: Terminated 2021-07-28 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); surname only in the caption; court in OH (not a filing state)

Folkerts v. Real Time Resolutions, Inc. dismissed

District Court, N.D. Illinois · No. 1:18-cv-08133 · Filed Dec 11, 2018 · Closed Apr 11, 2019 · Nature of suit: 480 Consumer credit

Role of Folkerts: Plaintiff · Outcome: Terminated 2019-04-11 — FJC Integrated Database disposition: Dismissed: settled Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); surname only in the caption; court in IL (not a filing state)

Folkerts v. Real Time Resolutions, Inc. dismissed

District Court, N.D. Illinois · No. 1:18-cv-08126 · Filed Dec 11, 2018 · Closed Apr 11, 2019 · Nature of suit: 480 Consumer credit

Role of Folkerts: Plaintiff · Outcome: Terminated 2019-04-11 — FJC Integrated Database disposition: Dismissed: settled Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); surname only in the caption; court in IL (not a filing state)

Seterus Inc v. Folkerts dismissed

District Court, N.D. Illinois · No. 1:18-cv-07800 · Filed Nov 26, 2018 · Closed Dec 10, 2018 · Nature of suit: 422 Bankruptcy appeals rule 28 USC 158

Role of Folkerts: Defendant · Outcome: Terminated 2018-12-10 — FJC Integrated Database disposition: Voluntarily dismissed Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); surname only in the caption; court in IL (not a filing state)

Seterus Inc. v. Folkerts dismissed

District Court, N.D. Illinois · No. 1:18-cv-07801 · Filed Nov 26, 2018 · Closed Dec 18, 2018 · Nature of suit: 422 Bankruptcy appeals rule 28 USC 158

Role of Folkerts: Defendant · Outcome: Terminated 2018-12-18 — FJC Integrated Database disposition: Dismissed: settled Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); surname only in the caption; court in IL (not a filing state)

Folkerts v. Seterus, Inc. dismissed

District Court, N.D. Illinois · No. 1:17-cv-04171 · Filed Jun 1, 2017 · Closed Nov 21, 2019 · Nature of suit: 480 Consumer Credit · Cause: 15:1692 Fair Debt Collection Act

Role of Folkerts: Plaintiff · Outcome: Terminated 2019-11-21 — FJC Integrated Database disposition: Dismissed: settled Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); surname only in the caption; court in IL (not a filing state)

Folkerts v. Frontline Asset Strategies, LLC dismissed

District Court, W.D. Michigan · No. 1:11-cv-00805 · Filed Aug 2, 2011 · Closed Aug 30, 2011 · Nature of suit: 480 Consumer credit

Role of Folkerts: Plaintiff · Outcome: Terminated 2011-08-30 — FJC Integrated Database disposition: Voluntarily dismissed Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); surname only in the caption; court in MI (not a filing state)

Arnold R Folkerts v. Downey Savings and Loan Association judgment

District Court, C.D. California · No. 5:09-cv-00066 · Filed Jan 12, 2009 · Closed Mar 10, 2009 · Nature of suit: 190 Other contract actions

Role of Arnold R Folkerts: Plaintiff · Outcome: Terminated 2009-03-10 — FJC Integrated Database disposition: Judgment on motion before trial; judgment for defendant Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); different first name (arnold); court in CA (not a filing state)

Folkerts v. Fleetwood Enterprises, Incorporated closed

District Court, E.D. Michigan · No. 2:08-cv-15191 · Filed Dec 17, 2008 · Closed Mar 19, 2009 · Nature of suit: 890 Other statutory actions

Role of Folkerts: Plaintiff · Outcome: Terminated 2009-03-19 — FJC Integrated Database disposition: Statistical closing Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); surname only in the caption; court in MI (not a filing state)

Folkerts v. Alkermes, Inc. closed

District Court, D. Massachusetts · No. 1:03-cv-12386 · Filed Nov 26, 2003 · Closed May 20, 2004 · Nature of suit: 850 Securities, Commodities, Exchange

Role of Folkerts: Plaintiff · Outcome: Terminated 2004-05-20 — FJC Integrated Database disposition: Transfer to another district Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); surname only in the caption; court in MA (not a filing state)

What was searched

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts; live RECAP re-check pending. State courts: not yet searched. PACER: not searched. · Last checked Oct 24, 2026, 2:18 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

State courts: not yet searched. No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

2. Regulatory actions

Not yet searched

What was searched

SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — not yet searched.

State securities regulators searched: AZ (Corporation Commission Securities Division), CA (DFPI — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), DE (DOJ Investor Protection Unit), TX (State Securities Board), WA (DFI) — last crawled Oct 23, 2026, 9:57 PM ET. Other states: not yet searched.

No SEC search has run yet for this person.

3. Bankruptcies

5 cases: 5 closed (disposition not in docket feed)

William L Folkerts, III and Briana T Folkerts closed

United States Bankruptcy Court, D. Colorado · No. 18-18771 · Filed Oct 8, 2018 · Closed Feb 20, 2019

Role of William L Folkerts, III: Debtor · Outcome: Case closed 2019-02-20 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); first name matches; court in CO (not a filing state)

William K. Folkerts closed

United States Bankruptcy Court, D. Minnesota · No. 08-44579 · Filed Sep 9, 2008 · Closed Sep 15, 2009

Role of William K. Folkerts: Debtor · Outcome: Case closed 2009-09-15 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); first name matches; court in MN (not a filing state)

William K. Folkerts closed

United States Bankruptcy Court, D. Minnesota · No. 07-42968 · Filed Aug 24, 2007 · Closed May 16, 2008

Role of William K. Folkerts: Debtor · Outcome: Case closed 2008-05-16 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); first name matches; court in MN (not a filing state)

Citizens State Bank, Carleton v. Folkerts closed

United States Bankruptcy Court, D. Nebraska · No. 95-04075 · Filed Sep 19, 1995 · Closed Jan 6, 1997

Role of Folkerts: Defendant · Outcome: Case closed 1997-01-06 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); surname only in the caption

Folkerts Farms, Inc. closed

United States Bankruptcy Court, N.D. Iowa · No. 85-11401 · Filed Jun 24, 1985 · Closed Apr 20, 1990

Role of Folkerts Farms, Inc.: Debtor · Outcome: Case closed 1990-04-20 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same rare surname (4 people in Form D filings, 23 federal dockets); surname only in the caption; court in IA (not a filing state)

What was searched

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not yet searched. PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 2:18 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

4. Differences between public sources

Not made for individual people — comparisons cover issuers and sponsor groups

5. Money to insiders

0 of 3 offerings report sales commissions; 0 report finder's fees; 3 report proceeds to related persons totalling $7,532,553. (includes amounts the issuer reported as estimates)

Offering (latest filing)	Sales commissions	Finder's fees	To insiders	Paid to sell it	Source
Jul 18, 2025 D/A MSF HOTELS, LLC File 021-525963	$0	$0	$5,162,553 (est.) INCLUDES FEES FOR PROFESSIONAL SERVICES, CONSTRUCTION, LAND ACQUISITION, FRANCHISE EXPENSES, PRE-OPENING/MARKETING EXPENSES AND DEVELOPER FEES.	None listed on this filing	EDGAR ↗
Jan 25, 2011 D ELITE HOSPITALITY MANAGEMENT, LLC File 021-154360	$0	$0	$1,850,000 (est.) This includes pro rata portion of the total project costs used to reimburse officers for advanced expenses, construction contract proceeds and developers fees.	None listed on this filing	EDGAR ↗
May 11, 2009 D Evangeline Hospitality LLC File 021-130802	$0	$0	$520,000	None listed on this filing	EDGAR ↗

How this is counted

Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.

Counted across every filing this person is listed on (latest filing per offering, per issuer).

Deals 3

Every issuer that named William Folkerts on a Form D, newest first. A Form D is the notice a company files after it starts selling a private investment.

Lodging and Conventions · group: Venerts

MSF HOTELS, LLC

Watertown, SD · Oct 7, 2024 → Jul 18, 2025 · 2 filings

Jul 18, 2025 · D/A · $0 sold of $6,500,000 · 0 investors · min. $50,000 · role: Executive Officer EDGAR ↗
Oct 7, 2024 · D · $0 sold of $6,500,000 · 0 investors · min. $50,000 · role: Executive Officer EDGAR ↗

No sales reported yet as of the latest filing. William is listed as executive officer on 2 filings for this deal.

Latest filing on EDGAR ↗

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Lodging and Conventions / 506(b) (141 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Lodging and Conventions

ELITE HOSPITALITY MANAGEMENT, LLC

Lake Charles, LA · Jan 25, 2011

Jan 25, 2011 · D · $0 sold of $2,750,000 · 0 investors · min. $25,000 · role: Executive Officer EDGAR ↗

No sales reported yet as of the latest filing. William is listed as executive officer.

Latest filing on EDGAR ↗

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer.

Lodging and Conventions · group: Venerts

Evangeline Hospitality LLC

Watertown, SD · May 11, 2009

May 11, 2009 · D · $0 sold of $4,400,000 · 0 investors · min. $50,000 · role: Executive Officer EDGAR ↗

No sales reported yet as of the latest filing. William is listed as executive officer.

Latest filing on EDGAR ↗

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer.

People around William 14

Officers, directors, promoters and management entities named on the same filings, as of Oct 23, 2026, 5:45 PM ET.

Management entity