Announcements

Eleventh Circuit Affirms Michael DaCorta’s Criminal Conviction for Conspiracy to Commit Wire and Mail Fraud

On April 19, 2024, the Receiver filed a Supplemental Interim Report Regarding the Continuing Obstruction of the Receivership and Possible Recovery Scam Targeting Investor Victims. A copy of the Report is available here.

On April 8, 2024, The Court granted the Receiver’s motion requesting approval to make a second interim distribution to investors with allowed claims. A copy of the Order is available here. Second interim distribution checks were mailed to claimants entitled to receive them on April 30, 2024.

On February 28, 2024, the Receiver filed a motion seeking approval to make a second interim distribution to investors with allowed claims. A copy of the Receiver’s motion is available here. The Receiver is seeking permission to make an interim distribution of approximately $9 million as set forth on Exhibit 1 attached to the motion, which would provide claimants entitled to participate in the distribution approximately 15.76% of their allowed amounts. The proposed second distribution would bring the total recovery for claimants participating in both distributions to approximately 33.28% of approved amounts. On March 22, 2024, the Honorable Magistrate Judge Sean Flynn recommended that the Court grant the Receiver’s motion. A copy of the Report and Recommendation is available here. If the Court approves the Report and Recommendation, the Receiver will make every effort to promptly send distribution checks by U.S. Mail. This website will be updated once the Court enters an order.

Receiver’s Motion to Approve Second Interim Distribution. Click here to view motion.

Click here to view court document.