Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Segundo Irrevocable Trust dated 12/18/1992

2. Date of Event Requiring Statement (MM/DD/YYYY) 3/3/2013

3. Issuer Name and Ticker or Trading Symbol

Industrial Enterprises of America, Inc. [IEAM]

(Last) (First) (Middle)

2808 58TH STREET SOUTH

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director ___ X ___ 10% Owner
_____ Officer (give title below) _____ Other (specify below)

(Street)

GULFPORT, FL 33707

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	808382	D
Common Stock	0 ⁽¹⁾	I	By Hapfus, LLC

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

( 1)

On February 20, 2013, Hapfus, LLC (the "LLC"), a company of which the reporting person is a manager and a member, entered into a stock purchase agreement (the "Stock Purchase Agreement") with Beryl Zyskind (the "Seller"), pursuant to which the LLC agreed to purchase 105,500,281 shares (the "Shares") of common stock of Industrial Enterprises of America, Inc. (the "Issuer"), subject to the satisfaction of certain closing conditions. Pursuant to the Stock Purchase Agreement, on March 3, 2013, the Seller granted to the LLC an irrevocable proxy to vote the Shares for all purposes. The reporting person is filing this Form 3 because it may have acquired beneficial ownership of more than ten percent of the common stock of the Issuer as a result of the LLC receiving the proxy over the Shares. Until the closing of the transactions contemplated by the Stock Purchase Agreement, neither the LLC nor the reporting person will acquire a pecuniary interest in any of the Shares.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Segundo Irrevocable Trust dated 12/18/1992 2808 58TH STREET SOUTH GULFPORT, FL 33707		X

Signatures
/s/ Ernest C. Segundo, Jr., as Trustee		3/12/2013
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.